Real-World Trade-In Values

rroyce10 · September 2003

...... $22,0 isn't a bad figure, what kills this thing is it's a 2wd with a fake interior and the Howdy Doody wheels .. if you are looking at the black book, you will see that $25,0 is for the Xtra clean and you don't have the slider and the miles are stiff .. :-)

"I think" invoice is around $32,0 so there not trying to hurt you, maybe you can get $22,5 out of them on the trade side ...

Terry.

jlawrence01 · September 2003

My leasing company will assist me in getting rid of any vehicle that I want to get rid of. They send them to Milwaukee as it is closer than the Chicago auctions and they have had better experiences there.

I COULD retail the car but I am not a car dealer and I don't want to be running out all hours of the evening selling it on MY time.

I will probably offer it to all the employees and see if I have a nibble ...

rroyce10 · September 2003

.... Try it with one of the employee's and see what happens .. if worse comes to worse then send it "Lane side" .. thats the one that's at 561 South Highway 41
Caledonia, right ..?(been there) - it will do better figures there then Chi Town, so they know what they are saying ...

Terry.

rroyce10 · September 2003

....... Hey Geo, how are ya ? .. miled out, 2wd, needs rubber, we got leather and no help with that 2dr (2001 Exploder XLT?, 2 door, 2WD) it's a Sport, it's a "U60" right ..? colder than the Niagara Falls you play in .. trade side high $8's, maybe the low $9's if they can catch a tourist before season is over ..

.. good description though ..

Terry.

jlawrence01 · September 2003

Generally, we offer the car at wholesale price - what the auction price is. Usually get a couple of bids higher than the minimum and sell it. Have much better luck at the $4-7k range. We also generally have better luck on the luxury - Infinitis, Cadillacs, etc - that appeal to the other managers.

Have the most problem selling the lease cars 3 year old cars with 50-60k miles.

I let you know how we do.

The last two lease cars that went back to the leasing company went to Caledonia. BTW, those drivers do not miss a scratch on a vehicle that they pick up.

dkuhajda · September 2003

Lets look at what we have here.
A 10 year old car with almost 140K miles, has some mechanical issues that need repaired, also has some dents (not the least is a big one (in the buyers eyes) in the fender). It is not even a one owner.

Unless you plan on fixing the leaks (big problem), maybe $1500 at retail.

Face it, even with a good fender, no leaks, maybe $3500 on the high retail side on a good day. Would be a good starting point, $3500-$3900ish if the leaks were fixed and send it packing at $2500-$3000ish.

Similar Camry's around me have an ASKING price of between $2300 and $3900 with the higher amount at a Toyota dealer that offers a minimal warranty.

sonjaab · September 2003

Thanks !

9k is what the dealer offered on a GM family deal on a new Trailblazer................

Uncle not happy tho. But I warned him about buying another Exploder 2wd. (Hes had good luck with 4 of them.)............geo

nvbanker · September 2003

I've had good luck with 4 of them too, sonjaab, but I couldn't get $9M for even my 94!! Take it.

bluestar1 · September 2003

For your wonderful advice and pointers. I will let you know how it goes....

Thanks once again.

ctujackbauer · September 2003

I believe that not even Joe "The Ultimate Salesman" who sold refrigerators to Eskimos in Alaska (a reference from Gary Larson of Far Side the comic) could sell an Explorer for $9M. I know you probably meant $9K, but when I saw $9M it reminded me of the comic strip. hehe

rroyce10 · September 2003

....... Except for some miles and it needs a few things, it's that silly 2DR action that kills it, if it was a 4DR it might be worth around $12,0 ... 2DR SUV's are hard to sell, 2dr anythings are getting colder and colder, no more Acura CL's, etc, etc, ..

Terry.

rroyce10 · September 2003

.... Good description, thanks .. !

        Miles aren't going to help this one, tall tall tall, and of course we have the fake interior which is always a crowd pleaser .. sounds nice and clean though, if the service is all there, deep sneakers, trade side in and around the $15's depending on the dealer .. down Retail Rd ~ a super detail, a super ad, $18,9 "asking" and $17,5/$18,5 sends it off to DC ..

                  I hope this helps ...

                         Terry.

rroyce10 · September 2003

...... Miles are kinda low, are you sure it's a GXE and their asking $16,2 .. ?

Cheap money, better have it checked out real close, it's not a biggie that it's a rental, but the asking price should get that little "radar" going .. spend the $$ and take it to a Nissan dealer, have the Vin# ran there and let them eyeball it ..

Terry.

seank2 · September 2003

Terry,

Since I seem to be the only one in my family not getting a new car, my grandparents have asked me to find some numbers for them for their car. They have it on a lease which is coming due in the next few months, and they want to buy it off lease.

The car is a 2000 Cadillac Catera base (NOT sport), champagne beige over tan leather,
power driver and passenger seats, alarm,
AM/FM/cassette/CD changer, OnStar,
slider,
27000 miles
No snow, salt, or cold weather,
No paint work or scratches, as it has only ever been driven by my 82 year old grandparents.

They're in Delray Beach, Fla, between West Palm and Ft. Lauderdale.
I don't know what the buyout number is at lease end.
Thanks for your help as always.

sonjaab · September 2003

Yea......I told him 4 door and 4wd. But he sez its not needed in So. Jersey !

Heck, if it was a GM 4dr 4wd waaaay up here in snow country NY he could "curb it" and make $$$$
selling it up here !.............geo

Thanks again !

carlie878 · September 2003

I have a 99 "New" VW Jetta, and I want to trade it in. I bought it used a year and a half ago, it has 69,000 miles, and a few problems. The check engine light is always on, I was told its possibly a problem with the temp guage sensor. Both front window regulators have failed, basically the windows don't work, and a sometimes tricky break switch. The exterior is in great condition, the interior has 3 years worth of wear and tear, but no major defects, and its a non-smoking car. I still owe $8900 and while I know it is highly unlikely I will actually get what I owe on it, I would like to know how close I can get. Any Ideas? Please Help.

stickguy · September 2003

Can't speak to the $, but you must be buried as it sits. At minimum, I would imagine you have to fix the CEL and windows, and do a nice detail to get anything decent. Fix the brake lights also.

zueslewis · September 2003

you'll likely get hit for 2-3 times the cost of repairs on trade because the dealer doesn't know the actual costs by just looking at the problems.

Presenting a good car vs a car with problems is a hands-down absolute to get anywhere near what you want.

suka · September 2003

Hi, I've got a 93 Honda Civic Coupe EX in average/fair condition I'm going to trade in.

Is it worth my time to change the oil and fix a loud muffler prior to beginning any negotiations w. a dealer as to it's trade in value?

At the most, I'd top of the fluids, change the oil and see if the mechanic can do anything cheap/easy about the muffler. But will this even matter to a dealer?

zueslewis · September 2003

and you don't have to trade it or get it fixed??

SAR21102 · September 2003

Thanks, Terry for your help. I really appreciate it.

Yeah, selling my A4 to the slightly more upscale DCers -- perfect idea!

Thanks again.

sonjaab · September 2003

Spend a couple of bucks on a wing, decals and a fart can exaust tip !

Some kid will THROW major $$$ at you !

buster6 · September 2003

Hi all, wanted any input you may have on a car I need to sell. Its a 02 Camry V6 Se With navi. It has all options (leather, F&R Side Air Bags, Cd, Moon roof) and 59K miles. I am located in Phoenix AZ. It is green with a black interior.

Thanks

clpurnell · September 2003

is that auto or manual

butchbr73 · September 2003

is that 59k miles, as in 59,xxx on a 2002? Yow...

buster6 · September 2003

it is an auto v6. The milage is 58,***, jut put 59k in for a little room for driving untill I can sell it. Orig sticker was about 30,500.

palmreader · September 2003

Hi Terry,

The deal did not work out. Seller is not willing to come down (not for now at least).

So I located another Honda. Detail are listed below. Please advise when you have time.

2001, Honda Accord EX 2dr coupe, V6 all the standard option + A/C + moon roof + leather interior + 6 CD changer + ABS + Aluminum Alloy wheels + Dual air bags

Silver exterior + Gray interior leather

52,000 Miles.

It is on sale by a local volume dealer. I will inspect it tomorrow and will run a car fax report.

KBB Private party retail is $14,750.

What is your opinion?

Thanks a lot in advance.

palmreader

rroyce10 · September 2003

..... It's Thee right color here in Florida, has all the right stuff, slider (chromee's, Bose ?) low miles, maybe still under warranty ..

These still do well in the market, if it's Clean, seats look hovered in, no love bug terrorist attacks, no practice runs at Burdines, looks Sharp .. then trade side, in and around that $11ish figure ~ a little trip down Retail Rd in Delray, $14,9 in the paper and $13,9/$14,5 sends it off to Shooters ...

Terry.

fdefulvio · September 2003

I'm sure I will get beat up on this as a trade so I'm going to try selling it privately. What's a good asking price?
2000 Olds Alero GLS 4-Door 39,000 miles
all power / every option
leather
sunroof
chrome wheels
sport suspension
Very clean. Paint has some spotting and minor dings, but still shines. The engine seems to be running a little rough, but still performs well. Ready for new brakes and tires. Is it worth doing the brakes and tires before trying to sell?

Thanks,

Frank

jlawrence01 · September 2003

>>Ready for new brakes and tires. Is it worth doing the brakes and tires before trying to sell?

You will either pay for them by getting the work done BEFORE you sell the car OR you will pay for the repairs when the buyer discounts the price that they are willing to pay.

I can't speak for anyone but myself BUT when I see a car on the lot for sale with balding tires and poor breaks, my first question is "What other repairs and maintenance did this clown defer?"

Just my 0.02 worth.

zueslewis · September 2003

If you can do the work yourself, do it. Take it to a discount place, whatever - just get it done. You'll lose 2-3 times the amount of the tires/brakes repair bill just based on attitude of the buyer.

NEVER try to sell a vehicle that needs obvious service items - easy way to lose BIG money.

nvcolor · September 2003

I will be selling my 03 Corolla in the next couple of weeks and am hoping you can give me an idea of what I can reasonably expect. I bought the vehicle new in 3/02. Here are the details:

- Kansas City area
- 26,000 miles
- Silver
- AT, CC, PW, PL, stereo upgrade. No alloys, power seats, leather or moonroof.
- Interior/exterior good condition, no dings, all maintenance current.

I have seen similar vehicles listed in dealership ads at around $15,000 but don't feel that is a realistic figure. I am thinking that I should be able to get around $13,000. Does that sound reasonable? Thanks in advance.

tbuckley · September 2003

I have 1999 Pontiac Sunfire SE Coupe. 2 Dr.
-It has about 46,000 miles on it. It's
- some minor chips in the paint -- caused by other car's doors!
--the carpet is worn near the pedals
- has been hit twice (not serious damage under $1500) fixed and you can't tell.
- Maintence current
- spoiler
- dark green
- CD Player
- No power anything
- Charlotte NC Area

I am wondering what I can expect on a trade in on this car?

jwbranch · September 2003

2002 Mercedes Benz ML320
18,000 mile
all power
leather, dual electric seats,heated
moonroof
bose sound w/cd changer
tow packgae
privacy glass
roof rack
imac. cond.
What would acceptable dealer bid for trade be?
Thanks

mrspongebob · September 2003

Hello,

I desperately need a car this week, and I need advice on how much I should pay for a particular car that I found on ebay, and I will really appreciate your advice. Here is the information:

Year: 2001
Model: Volkswagen passat 4 Door GLS V6 Sedan
Color: Silver
Location: Brooklyn, New York
Mileage: 22,000
Condition: Average

Carfax.com shows that everything is fine, and Edmunds.com says that for the average VW sold by a private party, I should spend no more than $15,000. My question is, on ebay, no one bid higher than $6200, does this mean there may be a problem with the car, or is it just a coincidence. And the owner says his reserve is $18,000!

I plan to see this car soon, and my intent so far is to pay no more than $15,000. Question is, do you guys think that even $15,000 is too much, and I should pay much less? Based on the bids on ebay, I kind of get that feeling. I appreciate any other help you can give.

pandabearz@hotmail.com

jlawrence01 · September 2003

Why would I even make a bid on a car when the reserve price is so inflated? Even if the guy contacts you after the end of the auction, you are STILL 3k apart. For a private sale, that is a HUGE difference.

I believe that the buyer is probably way upside down on the vehicle and looking for an E-Bay sucker ....

mrspongebob · September 2003

Thank you for your response.
Actually, the owner didn't post his reserve price, I contacted him and asked. Meanwhile the bid on ebay is still the same at about $6200. I haven't bid on the car.

jratcliffe · September 2003

My fault, should have also said that you should note any options on the car (tranny, stereo, option packages, etc.)

rroyce10 · September 2003

.. >> Model: Volkswagen Passat 4 Door GLS V6 Sedan << ..

           Options -- new body style .... ???? ---- It's an 01 right ..? with 22k right ..? GLS V6 right ..? if it's an auto and clean, it's worth $13,5/$14,0 wholesale, dealer money, auction, trade, etc .. *Edmunds.com says that for the average VW sold by a private party, I should spend no more than $15,000* ..

               Can't say .. Need info ...!

                         Terry.

rroyce10 · September 2003

...... Yeeeeow, 60k and it's an 02 .. ? your another one that needs to get a better dating service ...

SE, V6, 59kish, slider, ho-hum color .. if it's deep in rubber, looks and drives like 20k, no weird experiments on the interior, no bump and runs on the exterior .. trade side, in and around the $13's depending on the dealer .. have you tried taking a bus once on a while ..?

Terry.

zueslewis · September 2003

he's missing in action..

seank2 · September 2003

Terry,

Thanks for the info on my grandparent's Catera. As soon as I forwarded them your numbers, they came back with more (or should I say correct?) info. The car is a 2001 instead of a 2000. I'm thinking that may make about $1000 or so difference, but I'm always curious as to the expert's opinion. To save you from looking back to the old post (#14325), here's the info again:

2001 Cadillac Catera base (not sport)
champagne beige over tan leather
dual power seats, alarm
AM/FM/Cassette/CD changer
no bose, no chrome
slider
27,000 miles
no scratches, paintwork or otherwise, only ever driven by my 82 year old grandparents
no salt, snow or cold since it has lived its entire life in South Florida (Delray).
It's a lease ending in the next few months. The buyout price is $18,287, which seems to be silly money to me, and even to my grandmother who knows less than nothing about cars... But they do want to buy the car at lease end since they like it and can't stand to look at a new CTS, which is the only thing they would replace it with now that Olds is going away.
As always, thanks for the advice...

rroyce10 · September 2003

..... Aaah, Your next ...!

Ok, now it's a 01 .. same stuff I would assume, miles are still kinda low and it's for sure under the 4yr/50k warranty .. trade side/auction, in and around the tall tall $12's, *maybe, could see the low $13's .. down the beach on Retail Rd, $17,900 would be a "fair" asking price and $16,5/$17,5 would keep it out of the way of any hurricanes ... so it's close, kinda .. :0

I have a feelin' that GMAC will negotiate the "pay-off", they know what they are doing right now at the auctions .. they need to get with a Reg Mgr ( NOT the dealer ..!) from GMAC and see what they will do, (not the nice folks that answer the phones, they are not decision makers) .. they might drop it to $17, maybe more, maybe less - it will all depend on Their negotiation skills, they need to be patient and just do it in a nice, calm way ..

Terry.

rivertown · September 2003

zueslewis · September 2003

from Tony S's stomping grounds...maybe he and I could do some business....

zueslewis · September 2003

rroyce10 · September 2003

..... See what happens when you ask dumb questions .? Kinda reminds me of the "Laverne and Shirley" tv show .. Boom all of a sudden, Squigy comes in and say "hellooo" ...

Terry.

zueslewis · September 2003

knocking....

rivertown · September 2003

I've been thinking of one of you guys as 'Laverne'.

palmreader · September 2003

Terry,

Look like you have a little time available today to help us out.

Re-posting an earlier question for your kind attention.

I am trying to buy a 2001, Honda Accord EX 2dr coupe, V6 all the standard option + A/C + moon roof + leather interior + 6 CD changer + ABS + Aluminum Alloy wheels + Dual air bags

Silver exterior + Gray interior leather

52,000 Miles.

Seller lives in Houston, TX.

KBB Private party retail is $14,750

What would be a reasonable price.

Thanks a bunch.

Real-World Trade-In Values

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