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As long as there is no-paint work, it's clean, service is 100% and deep in rubber, then trade side, you should be seeing the mid to high $12's, maybe, just maybe the low $13's if it's a baby doll, glows in the dark and needs -0- ...
Terry.
Thanks for the advice - I highly recommend this place. In the meantime, I'm going to keep dodging those potholes, which seem to be getting worse.
Not to be outdone, NADA says 16.6! Think I'll bring that copy to the dealer. <G>
Any thoughts on that?
Thanks in advance!!
LRISR
Hi. I reside in Pa. I'm interested in purchasing a Volvo s40 or s60 the problem is the first dealer I went to only offered me $10,000 on my 2000 Ford Mustang convertible. The car is black. It has the 3.8 v6, automatic, leather, ABS, traction control, mach 460 stereo, power seat, and the sport package option(graphics, rear spoiler, etc. etc.) The car has never been in accident (hence no paint work), and is great condition with 37,000 miles on it. Is the 10,000 dollars to low or does this seem right.
Thanks a lot,
Dominick
What is directly reflective to the market is what they are doing at the auctions, that's what most dealers look at. If a certain vehicle is doing $5 grand at the auctions and All the books between Shanghai and Charlotte show $6,500 .. they will put in auction $$ or less (recon, detail, tires, dent's, etc, etc,) because if it doesn't sell in 45/65 days, their last outlet is selling it at the auction .. see, all those books and info centers have yet, to send a check out for "their" prescribed value of all those vehicles ..
As far as that $16,6 figure, that's more of a retail "asking" figure, especially on that particular vehicle with the miles and in good, clean condition, no dealer will ever put xtra clean or outstanding condition in Any vehicle unless it's a Porsche 911 Carrera with 3,400 miles or something like that .. well anyway, you get the idea.
The old adage is: Live by the books ~ Die by the books.
I hope this helps ....
Terry.
The reason why thats a problem and I couldn't do a deal, is because there is 12 months left on the lease, and the lease-end value is going to be $22,5k. Right now, the pay off is somewhere in the realm of 25k-26k.
The S80 they are selling is as follows.
Black S80 2.9
Leather
CD-Changer
Moonroof
Homelink
Upgraded Wheels (look like fancy T6 wheels)
DSTC
And a couple of other things.
Right now, the lowest they will go (and because of the trade-in value on the wagon, it won't work anyway), is $21,500.
How much do you think I could get if I sold it outright?
Thanks.
AS
It has nothing to do with it's a "Volvo" .. it has everything to do with it's a vehicle, a car, they all depreciate, BMW, Mercedes, Chevys, Land Rovers, Fords, Audi's, Chryslers , etc, etc, etc.com.
Most Volvo's depreciate to a point, then they kinda go stagnet, then they kinda stay at a figure and they kinda hover around .. I can't say when that will happen on the V70.
See, your biggest problem is you are on a Lease, and you and no-one else can fight that Residual, it's a non-moving entity, thats a big problem with a lease .. you are always trying to beat a wall, and walls don't move. That's why I have never been a big believer in leases, you are exactly where the vast majority of the public is sitting, either buy yourself out, or stay sitting .. actually you are not in a bad situation, most folks owe $28,0 on a $20,0 vehicle or $10,0 on a $5,0 vehicle.
But, if you wanna take it down Retail Rd, then a great Detail, a great 4/5 liner Ad in the biggest paper in your area, the service records sitting on the front seat for $25,900 and let the first "real deal" buyer take it home for $24,5/$25,500 ...
I hope this makes things a little clearer ..
Terry :-)
Terry.
I think that right now, I am just going to have to sit with it and when the lease is up, find something used that has already taken its depreciation.
Thanks.
AS
The miles are a little tall and it's dead winter in PA .. even so, $10,0 is ALL the money, so it seems the dealer is trying hard to get your business, so stay close.
Terry.
Soooo, lets say it's clean, waaay deep in rubber, ultra nice on the interior, no bunches of funny little burn holes all over, no rust and no Mr Mechanic and Buffets are US, service is all there, looking and driven' like a 99 .. trade side, you should be seeing $2,0ish if it's a ultra clean .. A Great vehicle for Retail Rd, $3,9 in the paper and $3,5 sends it packing ... Ya know, you have cash, I have car..
Terry :-)
Thanks,
Dominick
Thanks!
LRISR
It's a Corolla and now I'm going to my room and I won't be out til tommorow. How come I get stuck with doing this all the time, oy vey.
M :-(
You look up a "trade" value, but a dealer tells you the car is worth LESS (like you guys did) for all the reasons mentioned.
A buyer looks up "retail", and the dealer wants MORE for the car .... same reasons, maybe others.
.... at least that's often been my experience.
Now you're thinking ..... we ... um, I mean dealers have to eat just like everyone. I agree, but here's how the figures go on that 1997 BMW 328:
Edmund's Retail: $18,110
Edmund's Trade: $13,962
(That's "clean"little reconditioning needed).
There's already $4148 profit there for the dealer -- more than most NEW cars!
If he gets it for $2K-3K LESS than the guide price, he might make $6K-$7K on the car ....
... if he convinces a buyer to pay more (and he wil try), he can get as much as $8K-$9K on ONE car!!!
Granted, this is an "ideal" situation. I'm sure they get stuck with some cars, but how many do they LOSE on? Must be a LOT .... so they might as well lose money on MY DEALS <G>!
Oh yea .... some dealers also make money on financing and with service departments.
OK, you guys can yell at me now <G>.
You as a buyer and a seller have options, one of the options is to sell your vehicle on your own .. if you feel you can get $18,0 for it, then try to sell it. The biggest problem most people have is, they always feel their home, car, boat is always worth more than the next guy .. that's the same reason why you see the same ad in the Sunday paper for the same house that has been in there since June, that's the same reason why you see the same vehicle in the Auto Trader, eBay, local paper since Xmas, they are asking too much money - and the same statement is always said ~ "I'm not giving it away" .. that's pride, ego, not reality ..
I'm not picking on your vehicle, but it's 7 years old, most Lenders won't finance this puppy unless someone has Jam-up, puuuuurfect, bullet-proof credit, so that diminishes 30% of the market and most lenders won't finance much more than $15ish on a vehicle like this, so the buyer better have a pretty nice down payment, $2/$3,000, so that hammers another 40% off the market ..
So that leaves you with 30% of the actual "buying" market ~ and then, you are in competition with dealers and buyers, that are either selling or looking to buy a vehicle like a "3" series, and that can be anything from a 00 Acura TL, to a 00 Volvo S80 for a payment that is lower and is easier to purchase than a 7 year old vehicle -- so that leaves you with a cash buyer, and that dwindles the buying market to less than 10% ..
The point to this long and boring post is, if a dealer drops $13,0 in a vehicle like yours, he will want to get in -and- out of it quickly and gracefully. That means a quick sale .. now they may try a inflated price of $17,9, but I have a funny feeling, that a smart dealer will cut that puppy from the herd for $15,0ish, and then invest their money someplace else, like 2 real nice, clean Prizm's that will sell in about a week or less, instead of holding their breath on a maybe and that could happen in 2 months ..
I hope this makes sense ...
Terry. (wow, that wore me out) :-)
4 cyl.
5-speed manual.
98K miles.
Blue with black soft top.
no A/C.
no options except power steering.
20K miles on tires.
Fair condition...good paint but a few dings here and there. runs well.
Located in Northern Virginia.
Thanks in advance.
And most dealers don't see any where near retail for a car any more.
Most people shoot for several/a few hundred over wholesale value, just like on a new car.
I always tell people I will price it for what the want but if it sits for 2months with no calls, it is overpriced.
I can't tell you how many times I've heard "but I just spent $400 on the brakes" or "$500 on new tires".
If you hadn't replaced your brakes, your car wouldn't have passed state inspection, would be grinding, tearing up brake rotors and costing the next guy/used car manager more like $800 instead of $400. That $400 is money you had to spend to keep your car safe and make it marketable. Same with the tires.
Maintenance costs are not things that make a vehicle appreciate. Maintenance items "maintain" your vehicle to protect it from undue depreciation. And safety problems.
There's a mental "raise" in value, even though these are maintenance items.
But just to go on and on about how much money you had to sink into a car to keep it running? That discussion does more harm than good.
Would there ever be a case when not doing maintenance might help in selling a car? What I have in mind is this: Late model, clear car with OEM brakes and tires. This might demonstrate the driving habits and the overall vehicle condition. Sometimes when I see a car with 30k and new tires, I think, why does it have new tires already?
I would think having older tires and brakes wouldn't add to the value, but help establish it as being a "good" vehicle driven by a "careful" driver. What say ye?
Thanks,
Jack
1) Wow, this person has really driven conservatively and hasn't hot-rodded the car, let the 17 year old kid squeal the tires, etc. That's great!
2) Oh, no - tires only last 35-40K, at best, so there's $500-600, the brakes will be done soon, so there's another $300, etc.
See what I mean?
Thanks,
Jack
2000 Accord SE sedan
Auto;
51K miles;
Gold on ivory;
Very clean interior/no FF attacks, seats look "hovered" in;
Exterior very good, no parking lot kisses, some minor scratches/paint chips;
Fair rubber;
Serviced regularly;
W. Washington State
-Gerald
It's not the "my car is worth more than others" argument. It's that dealers want to get too much by low balling trades and high balling buys.
A good point was said by: zueslewis in #11265:
" who really pays retail anymore? <snip> Most people shoot for several/a few hundred over wholesale value, just like on a new car. "
If I take LESS than "wholesale" for my trade, and pay a bit over wholesale for what I buy, isn't that OK!
Even on a new car sale, they profit on what I buy, and can profit selling my trade for a bit over what they paid me.
Granted, a trade price should be fairly reduced for any re-conditioning the dealer will REALLY do ...... remembering he pays less for work than consumers (or profits there also).
Maybe "a few hundred" profit is low, but surely a couple $K is fair. Thing is, some places want7-$10K on every car!
What other retail business does this? It's like: I sell a suit for $800 (profit $400), pay $100 for the one their back .... sell it for $500 (profit $400), buy his for $50, sell it for $200 (another $150), pay $20 on the next one, and donate that to Goodwill! Not a bad days work: $950 and a tax deduction!
It sounds like a pretty nice little vehicle, it has low miles, it's an LE, it has the slider, wheels, new sneakers, good color for the area and just one little kiss .. $6 would be the money.
Who knows why different dealers do what they do, especially on a nice little vehicles, that's a hard one to miss and a easy one to sell .. but I have a feeling you need to head back to the Buick dealer.
Terry.
The point is, take the $10 or sell it yourself, If the weather got nice today, it would take at least a month for folks to shake off all the winter, if you know what I mean.
Terry.
Terry.
But unlike clothes, furniture, jewelry, food, etc, etc, these stores have a smaller overhead, their inventories don't depreciate and they don't have to recon every suit, watch or lamp that comes from the factory or traded and they don't pay floorplan .. big, Big difference ..l.o.l...
Terry.
2002 Mustang GT convertible. Dark red, leather, tan roof. 5 speed handshaker. Only 5,000 miles. At a ford dealer in Bucks cty. PA (near Phila).
They gave him a "buy it now" price of $19,900, which seems strong.
What is your expert opinion on what is the magic number on this pony?
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
1995 Audi 90 not listed as a Quattro so assume no Quattro
White, V6, Auto, leather, ABS, moonroof 67K miles. Picture of car looks good. Shows $9995 on windshield, on line asking $6995.
Says carfax available. What do you guys think?
Thanks in advance. Might make a nice ride or commuter.
Thanks!
LRISR
They are, umm, stepping on their. Umm.. Shoes.
that's all the money and a Jumbo bag of Doritos my friend.
bill
You think that's bad.. I had them fix a Ferrari wheel for me once! That was about a grand I saved!
Bill
How is everything?
That 940 is nicer in person than in pics... I dont wanna sell it. In a month we've put 2300 miles on it (Dont tell floorplan Co.. Dont tell Floorplan co... hee hee hee...)
And tell Tanner to make it so I can get on you know where without you Netscape Crashing or do i have to DL IE5?
Bill
Them ##s I gave you were for a 4-Door.. my bad.
Like I said when ya picked up the Bronzit car.. the killer is what the market is doingI mean, books can say one thing, market says another.
Like the 635. I suppose that the "Book" hit that car at like $2K as a trade-in. Now I think I would be willing to pay a LOT (And I sure did) more for that car. OTOH, lately the E36s are getting soft. Lot of them out there, and E46s are getting cheap and a lot of them are out there now. And stuff is cyclical.. there's still snow up there and it's a RWD car. But even then.. I'd shoot for a retail on this one.
Feel free to call.. you got the cell still, right?
Bill
I'll get to the...
95 Jeep with 98K
00 Mitsu
95 Audi
01 Altima
02 Stang
00 Accord
Around 9-10am EST tomorrow... Unless Terry gets up earlier.
Ok, it's a white pearl, auto, ES, with a 4 banger .. low miles, a slider, we have all the nice bells and whistles that go with ..
If there is no meteorite hit's, no drive by's, deep in rubber, no bubbles or brown marbles in the interior, then trade side you should be seeing the mid to high $6's ..
Good luck and let me know ..!
Terry.
I'm up, I'm up already .. l.o.l..