Real-World Trade-In Values

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Comments

  • rroyce10rroyce10 Member Posts: 9,332
    ........You live just about, down the street --- from where I will be tommorow....at the Butler auction...... and Bill is right..that vehicle, the way it is described ...with the low miles and condition and such ( and, you guy's love those dark colors )... could fetch the -or so- amount......Ya never know...

    Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ......I will be back around the 17 th....and we can do some lunch..play a little golf..etc --- bye the way....I emailed you on a nice Jag --- No hear back..

    Terry.
  • 98monte_ls98monte_ls Member Posts: 117
    What will make GM "F" body values tank? Just the fact that they're going into the final year of production in a few months?

    (or the fact that I'm soon buying one, so of course that must mean values will decline! LOL)

    bruce
  • lancerfixerlancerfixer Member Posts: 1,284
    I finally saw a Volvo in that Coral Red you were talking about. You're right. Ugh.
  • leomortleomort Member Posts: 453
    I believe all of you consider a used car a better value. It looks like used Ford Explorers are a pretty good buy. What impact will the newly design 2002 Ford Explorers have on price on the used Explorers? What year/mileage Explorer XLT 4x4 can I get in the 15-18 grand range? Guess only requirments would be an automatic and the SOHC V6.

    Leo
  • dmallinderdmallinder Member Posts: 35
    Dealer who I lowballed on the new car offered me $7500 for the 99 626LXV6 5sp with 19K miles. I told him he was nuts. He "got three bids" that ranged from $6500-7700. I walked out, drove down the street to a Toyota dealer, told him I'd pay $32K for a loaded Avalon XLS ( not much over invoice - sticker $35K) and asked how much my car was worth. Had the guy drive it, checked his data, said $10K - what I expected, what I was told here and a little bit less, naturally, than kbb or edmunds appraisals.

    Clearly, to my mind, the $7500 was a [non-permissible content removed] offer to try and recoup some profit on the new car deal I got. Do I go back and tell them I can get better trading in for other cars ? Would that help ? Selling privately is a pain I'd prfer to avoid though I know I can get more than $10K for it.

    Is it an option to sell to a dealer outright ? Would they be interested without selling me a new car and would I get the same money ? I suppose I could try and find out but any forewarned information from the experts here would help me. Thanks again guys.
  • qwallsqwalls Member Posts: 406
    Hey Bill and Terry,

    I may have my Explorer sold. Stay tuned. A girl who used to work for me said her husband is interested, and would be calling me tonight or tomorrow. I hope he doesn't hang out here. :-)

    I have a dealer looking for a clean '98 3.5 RL Premium for me, preferable in black, since the 12 or so he has in stock all seem to have exterior issues. He called me today about a Charcoal Gray one with a black interior. I looked at it a couple weeks ago, but it looked like the driver's door had been keyed, but it was clean otherwise. He said he would be willing to get the door painted, but I know paint work would reduce the value, and I obviously don't want one with the scratch. It's a premium model, and has 28k miles. Asking price is $29k which I know is high, but the salesman told me they mark up the asking prices because they are getting beat up so badly by dealing customers. From the ads they have been running in the paper, they have been doscounting the '97 and '98 RLs from $1.5k - $6k below asking price. They can't seem to give them away here in Columbus OH, and they never seem to have less than 10 in stock. The other Acura dealer usually only has 1-3 in stock at a time, and they seem to sell one every week or two. What's a fair price, and should I even consider it if the door needs to be painted?

    Thanks,
    Quentin
  • fangio2fangio2 Member Posts: 214
    I recently purchased a new Leganza CDX.I have two questions that hopefully can be answered by the seemingly knowledgeable people in this room.First I purchased the car for $14500(it had 1800 miles on it).Was this an OK deal?Two,due to the shaky financial situation at Daewoo im concerned about the worst case scenario regarding my warranty.If Daewoo goes completely out of business am i out in the cold?Im in the the process of looking into an extended warranty as a solution.Im wondering though if an extended warranty would cover the car before the mileage or time elapsed in the original Daewoo warranty(36 mos 30,000 miles)BTW im in here because of the frustration with the LEGANZA site.It seems all they talk about is crash tests and how the Leganza is the best car in the world.I like the car very much and think it is quite a bargain,BUT i suspect a Lexus might be a little more refined car.I appreciate any help you can give me .
  • goralgoral Member Posts: 149
    $29K!!! WOW, I want some of what they are having too :)
    You are rignt, they are definitely way up there!
    For what it's worth - if you check the RL forum, people were getting
    the '00 for ~$33K BRAND NEW. Taking into account depreciation (I would say
    about $5K/year), the car is probably worth $23-$25K...

    Hey, instead of buying this one, I will sell you mine - '96 w/ Premium... :)
  • rroyce10rroyce10 Member Posts: 9,332
    ......It's hard to tell ... ---- The one thing about the used car market is --- It's like water..it seeks it's own level..

    And since the Explorers have been so succesfull..through thick and thin --- lets face it --- rollovers, bad tires , radio knobs fall off - l...o...l......Consumers, like the way they look - drive - and handle --- so, in my humble opinion - I feel they will do well, for a pretty long time..how much the new models will effect them ...I really can't say --- Just look a the Azteck -- isn't that special........l....o....l....

    Terry.
  • qwallsqwalls Member Posts: 406
    Thanks for your reply. If you don't mind, how do you like your RL? They seem to be a pretty good value used. Yes, I saw the great deals on the RL forum, and it's very tempting, but a little more than I want to spend right now.....assuming I could still find a new '00 at that price.
  • rroyce10rroyce10 Member Posts: 9,332
    ..........Sorry, I didn't answer the - the real - question ....

    You "should" be able to get a 2000 -maybe-...and a 1999 for sure.... -- If I remember right, you are close to the Butler auction....and I was there yesterday-- and I saw a bunch run through, this is a very good time for a purchase... because, they are plentiful...it's spring, ( I guess ) ..l...o...l... and a lot of folks forget the weather and move into convertibles ..vans..etc, you know the drill...

    2000 XLT's 4x4 's were running around that $18,000 - $19,000 ish figure....and of course..the 1999 's were in that $16,000/$17,000 range....and this is your own back yard --- how's that ..for the - "up to minute market glance".......

    Terry.
  • im_brentwoodim_brentwood Member Posts: 4,883
    I dunno...

    I mean, I think it's a possibility that they will tank.. They do have weakish residuals to begin with.

    Figure a 30K mile 99 is worth $11Kish wholesale, means you ought to be able to buy one for $13Kish retail... Isnt that like $18-19K new?

    That's a base car.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Yeah... pretty disgusting color aint it?

    That and Sandstone Brown on an XC... ugh!

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    I think that ya ought to be able to find a Nice 98 For your price range. Seems like they're worth about $13K wholesaleish... Like Terry said $15-16K for a nice 99, that would put retail on them around $17-18K or so.

    And I think someone on here is selling a nice Black one... :)

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm..

    $7,500 is way too cheap, but then you did lowball them (If it was big time I *_MAY_* have done the same thing.. depends on the situation...)

    $10K is a lot for that car, and if you were at just over invoice on an Avalon, then it's not like they have a lot of money on the table to play with.

    Seems like a good deal to me. You could also try selling it to CarMax. They seem to pay a lot for cars too.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm... $29,000? That's too much!

    I'd say that fair is about $24K.. maybe to $25K if you love it.

    As you know I do not like paintwork on luxury cars, but if it's touched up by scratchmaster or something it ought to be OK... (Those guys in the white vans who come out and do paint touch-up).

    $29K wont get ya a 2000... but ya may be able to get a 99 for that quite easily IMHO.

    Bill
  • rroyce10rroyce10 Member Posts: 9,332
    .........So, you are from Columbus...I'm a buckeye originally ..... and, I'm only about 2hrs from you now, in Cleveland.....-- small world -

    I was at an auction yesterday....so this will give at least some guidelines --- The 1998 RL's that are clean..35k..nice cars, are running at the block right now, w/premium pack, are in and around that $22,000+ ish figure..the 1999's the same way are bouncing in and around that ..$27,000 ish figure .... --- so at least you have some Idea's

    Just keep in mind --- they will pay a ship charge to get them to their destination -- $250..$300 for the Auction.. and just for the grins ...and the glory- just ad another $500 for cleaning, detailing, adjustments... to bring it to the front line.......

    Well, I hope this helps...

    Terry.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Seems like you did OK on the sale price of the Leganza.. However I would not worry about Daewoo.

    Daewoo is an enormous conglomerate that is very crucial to Korea's economy. I seriously doubt they will fold. The Korean GOvt will preven that (A La The French GOvt with either Citroen and/or Renault).

    Dont waste your $$ on that warranty!

    Bill
  • rroyce10rroyce10 Member Posts: 9,332
    ......Bill makes a good point.....-Forget about it- ( from the Soprano's ).....my friend has a Kia dealership...and he heard all the same stuff..about 6 yrs ago ( remember the steel strikes in Korea then ) and Kia is doing fine now.....believe me, Korean's do things a lot diferently then we do......

    Diiii -- Wooo's.. may not be my most favorite of vehicle's, but I'm sure they will do "ok" ... down the road --- and like Bill said.... they have their own Govt to intersede on all affairs ... just like George W.... ---Kidding ---

    Terry.
  • leomortleomort Member Posts: 453
    Thank you. your both a wealth of information.

    Leo
  • qwallsqwalls Member Posts: 406
    Bill - thanks for the plug, but it's probably more than Leo wants to pay for a '97 - lots of cool toys though. :-)


    Leo - you're welcome to take a look http://www.qwalls.com, click on stuff for sale. It's located in the Columbus Ohio area.

  • lancerfixerlancerfixer Member Posts: 1,284
    Yeah, Sandstone brown is nasty, too-- although I've always liked the saffron V70Rs. I got my final itinerary for my FL trip, too; it's two solid days of meetings wedged in between two days of flying. Doesn't look like I'll be able to take you up on the beer offer, unfortunately. Sorry.
  • qwallsqwalls Member Posts: 406
    Thanks for the information guys.

    Bill - I knew $29k was too much. :-) I just wanted to get a feel for how much too much. Also, they tried the scratchmaster - no dice. It looks like it was keyed, and the scratch was too deep. The Salesman was talking about having the door completely repainted.

    Terry - I didn't know you were a buckeye, but I did know you were in Cleveland - until Easter, right? :-) The information does help.

    Thanks again to both of you. I'm glad to see this forum is back in the top 10.

    Quentin
  • leomortleomort Member Posts: 453
    that is indeed a nice Explorer! Unfortunately, I'm not in the market to buy just yet. after talking to some the car guys here I'd be wiser to wait and save up a little longer. Although they can be kill joys at time, they do give good advice and make good financial sense. drats! :)

    Leo
  • mmcbride1mmcbride1 Member Posts: 861
    Did you get my email? I sent it to your published email in your profile.
  • leomortleomort Member Posts: 453
    that is indeed a nice Explorer! Unfortunately, I'm not in the market to buy just yet. after talking to some the car guys here I'd be wiser to wait and save up a little longer. Although they can be kill joys at time, they do give good advice and make good financial sense. drats! :)

    Leo
  • qwallsqwalls Member Posts: 406
    Thanks, and no problem. I'm really torn between selling and keeping it, but I'm tired of the rough ride and poor gas mileage. It's time to go back to the Honda/Acura family and get something that will last for a loooong time. My bad weather car is a '91 Accord with 194k miles. It still runs great, and I plan to keep it until it dies.
  • leomortleomort Member Posts: 453
    the 2002 Ford Explorer is changing the rear end suspension to give it a more car-like ride as well as third row seating. I'd never be able to afford a new mid-size SUV, so I'd have to buy used if I go that route. Gas mileage is a killer on those SUV's. That's why my other choices are 4 door hatchbacks, still get the verstatility/utilty but with better gas mileage but no 4x4. Of course there's the middle road with those mini SUV like the RAV4 and Forester. Compromise gas mileage between car and mid-size SUV but all wheel drive but with car-like ride and more moderate prices compared to mid-size SUV.

    Leo
  • goralgoral Member Posts: 149
    The RL... hmmm...
    In MY opinion, it's a very nice car, full of features, and definitely one of the better USED values around (as can be confirmed by Bill or Terry). The only thing I don't like about it is the ride - too soft for my tastes. I think Acura tweaked the suspension in '99 (or so) to make the handling little better.

    On the lighter side - since you and Terry live RELATIVELY close - why don't you ask him to buy one for you at the auction? Both of you will be happy :) You will get a car @ wholesale (+ small "convenience" fee for Terry) and Terry will gain a Happy customer (+ some $$$ :) )

    Just a thought ;)
  • bretfrazbretfraz Member Posts: 2,021
    Just wanted to say that's an impressive website. And the Exploder is sweet. Hope you find some rich kid around Short North to buy it with all those great goodies.
  • qwallsqwalls Member Posts: 406
    Leo - I know about the changes to the 2002, but I still think I'd prefer something with a better ride and better gas mileage (and Japanese). I'd say if you don't need a SUV, don't buy one. Why did I? Well, I didn't even consider one until I saw a Toyota 4Runner at an auto show in '96. They had just been totally re-designed, and the dealers wouldn't come down enough to suit me, so I bought an Explorer. It didn't have anything to do with the SUV craze, I just liked the looks. After I had it a while, I also enjoyed the ability to carry stuff. I will miss that.

    Goral - I test drove a '97 and a '98 RL. They made some minor suspension tweaks in '98. I was considering a '97 (same as the '96) since it looked the same as the '98, but it felt sloppy compared to the '98. The '99 is even less soft, and the 2002 even less from what I've heard.

    Terry doesn't live near me, he's only visiting. :-) We exchanged a couple email messages, and I considered asking him to look for one for me, but since we just bought a new house, I really need to keep the car payment down, so I'll wait to see if I can find the right buyer for my Explorer. I don't want to finance more than $10k.

    Bret - Thanks. Rich kid, rich parents, doesn't matter, just show me the money. :-)

    Hmmmm, better get back on topic. Hey Terry and Bill, what is my wife's '96 Toyota Avalon XL with leather, roof, power everything, and 80k miles worth? :-) No need to answer, I really don't want to know. It's paid for, it should run forever, and she still likes it, so no biggie. :-)

    Quentin
  • qwallsqwalls Member Posts: 406
    Bill & Terry,

    Here's a good question for you. You've both said that color affects value. Silver is good, brown is bad. Green was good, but is now bad. Purple is bad. What are the good colors. Are there any good dark colors? Maroon, Blue, Dark Gray, Black?

    Thanks,
    Quentin
  • im_brentwoodim_brentwood Member Posts: 4,883
    If you need to reach me, call my cell phone. (407)-492-4854.

    Worst is I'm busy working or at the bar and I dont answer. My voice mail is screwy so call back. Terry, write that down!

    I check my e-mail as often as I check my washer fluid. And seeing as how Collier Jaguar does it when they change my oil every 3K......

    Hmm... Good dark colors... Generally Black cars are desireable, but in the northern climates. In the right car a Black car in FL can still bring all the money. Maroon is weak, Blue on the right car can also be good. It's the "goofy" sh... I mean stuff that people dont want. I dont see all those Yellow IS300s being too valuable down the road "Ugh, a YELLOW Lexus??!!" I can just see it...

    Oh, and the 96 Avalon? Prolly somewhere in the nighborhood of about $7,500 or somewhere with a neighborhood of that is my initial (And Lazy-and-not-looking-it-up-just-glancing-at-the-black-book-guess) Thought...

    Bill
    Who still dislikes SUVs but that be a different story...
  • rroyce10rroyce10 Member Posts: 9,332
    ......Well, this is another vehicle, I will place with the Odessey's.....

    The new body style for Toyota...just, doesn't seem to be working ( I guess )..... The used Avalon's are very strong at the auctions...if you would have asked me that 6 months ago......I would have said something much different....

    The nice, clean ones are pulling -- clean ..to xtra clean.. and sometimes a little more, depending on miles..... which brings me to your vehicle ----- it does have a lot of miles..that doesn't help....it's a XL, but with all the options..and that does help..and the shape of this vehicle-- tires, outside appearance etc,..well, you know the drill...But, Bill is right-- $7500 or maybe more, depending on these factors....but, they are nice vehicles...and they will run forever.....or... Clean it up..advertise it for $9950 --- and maybe get $9,000+....hey, on any given day..

    Terry.
  • qwallsqwalls Member Posts: 406
    Thanks, guys. As I said, it doesn't really matter. I plan to keep it until the wheels fall off...just like my Honda with 194k+ miles. :-) They aren't the most exciting cars, but I love Toyotas and Hondas for their reliability. The new body style is just ugly, which is really too bad. I sat in one at the car show, and it was much more comfortable the the previous model. I see a lot of the previous body style in our area.
  • rroyce10rroyce10 Member Posts: 9,332
    .......I'm glad this was brought up.....

    This is a totally regional thing, like Bill was saying..... If it's May..and it's 89+ degrees outside in Florida...and someone pulls up in a black, dark grey, blue vehicle ...as a rule... the vehicle, can be worth $1,000 or more...less money ---

    It's a whole different story up north...dead winter - snow up to your eyeballs...and someone comes and buys a brand spankin' new black Benz..Towncar, BMW, Camaro.. whatever .....

    At the auctions up here..it's a favored color...the dark colors, will pull a "little" more money ... the other day, at the Butler auction --- I was looking for a couple of Grand Marquis LS's... and it was a nice and sunny day, and a light blue was going through, and behind it- a candy red-- and they did just a little over average.. --- the same with the Z3's... now, the blacks..and the darker colors were doing a bunch more --- Go figure....

    Terry.
  • qwallsqwalls Member Posts: 406
    Any '98 RLs yesterday?
  • qwallsqwalls Member Posts: 406
    I just got another call from the dealer - '98 Acrua RL premium, black on black, 41k miles. Thoughts?

    Thanks,
    Quentin
  • akanglakangl Member Posts: 3,282
    Hey Bill, just thought I would let you know, I had the Jetta appraised yesterday. I took it to a used car dealer that notoriously lowballs trades. The GM came out and looked at the car, he said it was a beautiful car and then said that they would offer $16,500 to $17,000 for it. I about fell over, I expected them to be in the $15,000 range with it, especially after they offered $16,000 for my 99 Quest SE with leather, moonroof, CD changer, and many more option and it only had 18,000 miles on it, took it down the road and got $19,500 for it. Anyway, this used car dealer has a nice 2000 Jeep Cherokee sport, 6 cyl, auto, command trac 4WD, nicely loaded with 32,000 miles on it for $16,995. I like this place because they deal in real numbers, not over-allowance. So, you were close on the Jetta. I shouldn't have any problem getting out of it, the VW dealer wants it pretty bad too, but they don't have what I want.
  • rroyce10rroyce10 Member Posts: 9,332
    .....It sounds like the dealer is trying....and ..has been trying to earn your business ----

    The $16,000 on the Quest, is all the money...and then some..--- Quests are a nice vehicle ...but, the dealer down the street that "showed" $19,500...was doing exactly that..showing you a huge over allowance.....1999 - GLE - Quests are doing just about $16,000 at the auctions..

    It sounds like, you may want to deal with the guy ..the was upfront with you, from the very beginning....

    Terry.

    If this will help.... the Jeep you are looking at, is worth somewhere in the area of $14,000 + if it's a 4 door.... ( real money )
  • rroyce10rroyce10 Member Posts: 9,332
    ..... Ok, let's see..... It's an Acura...its a 1998 ..and it's an RL....with the primo pack ---- and it has 41,000 klicks...Sooooo, what's it worth...

    If, it's a nice car....the miles seem to be low...and of course --- got to have that black on black..going for it...they are running in and around that $22,000+ number...there was was 7 or 8 that ran yesterday ----

    If you like this RL...and you feel comfortable about the vehicle...offer him like $24,000 ish and see what happens...

    Terry.
  • akanglakangl Member Posts: 3,282
    Ok, for one thing, I am a woman, not that it matters much, but thought I would clear that up. For a second thing, I did indeed get $19,500 ACV for my Quest, they showed me $22K (overallowance). I dealt directly with the GM on the deal and he showed me what he put in the computer. They also gave us $4200 ACV for a 2000 Arctic Cat ZL700, they are still grumbling about that one since the season is basically over and the snowmobile is still there. They had the Quest for about 10 days and sold it for $22,650. I used to work at this dealer so they are pretty good to me. As for the used car place, I prefer them because I can get a better deal on a used car, the Nissan dealer is high priced on used cars.
  • qwallsqwalls Member Posts: 406
    I appreciate the info.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Yup...

    I did some very basic research (I remember ya from the roadside cafe) And $16,500 seems to be the number o the car.

    Terry's right. $14K is wholesale on that Jeep... so $16,995 seems like a pretty decent asking price (Of course you should try for less) But $16K oughta be fair retail.

    If this store is being upfront with you, I'd do business with them. It's rewarding the sleazy types by doing business with them anyways that will perpetuate that kind of behavior...

    Bill
  • akanglakangl Member Posts: 3,282
    Thanks for the info. There are 2 dealer chomping at the bit to get the Jetta, there isn't a used 2001 to be found in the state, let alone a 1.8T. There are 2 used 99's in anchorage but they are 2.0's and the dealer wants $18,250. I was looking in the newspaper today and that Jeep I was looking at went on sale for $15,995 today, good price, just wish I had a couple grand to put with the Jetta right now I would go for it. Luckily I have plenty of time, the used car dealer even mentioned that I can consign my Jetta with them and when it sells I would get $18K, so I may do that. Have to get the broken windshield first......darn gravel that DOT puts on the roads in the winter. I will let you know how I end up with the Jetta.
  • rroyce10rroyce10 Member Posts: 9,332
    ...... Well, I'm sorry ...I didn't mean to hurt your feelings.....but, miss Jolie --- it's awful hard for anybody, to give you that kind of money for a vehicle, that is going through all the auctions... for a much less number ...

    I have seen probably 100, run through the block in the last 3 months..... and I can only tell you from experience.. --- what the true money is......... --- but hey....on any given day...

    ps -- I have no Idea, what a snowmobile is worth.... but, I can tell you, what a 37' ft Formula SS is worth ...--- l....o....l.....

    Terry.
  • akanglakangl Member Posts: 3,282
    That may be so, but I do know what they put into the Quest. I paid $28K for it a few months before......well, not really, had to roll neg into it, but the MSRP was $28,250. Maybe prices are a bit different in Alaska, I don't know. I also know for a fact that they sold it for $22,650 to a young military couple 10 days later.
  • 98monte_ls98monte_ls Member Posts: 117
    Yep, you'll probably see the 98monte LS going thru an auction near you soon.....I traded it in today.

    The deal that I got, plus all the rebates, and the good monthly payment, basically makes it not worth the aggravation anymore. I did give it a valiant effort though, trying to sell my car.

    Now I'm in a Maroon 2001 Camaro base coupe V6/A4 loaded plus the Performance Handling Pkg which hopefully I will enjoy for 4 - 6 years and then hope it will be easier to sell. The salespeople here tell me that they can't keep Camaros on the lot.

    As a GM Supplier, I'm supposed to pay invoice plus 4% with no dealer fees. Well, they fell asleep at the wheel (a Bill Heard Store btw) and wrote me up a contract for INVOICE PRICE, which I quickly signed. Rebates were also up to $1500. Can't go wrong!!!!!!
  • rroyce10rroyce10 Member Posts: 9,332
    ......Oooooooh, Alaska...... Well, I can tell you ..I have no Idea what goes on there....But, I was in Vancouver last summer ( 2nd trip )...and we loved that city..and the area.-- and in July we are taking a cruise ...up to your neck of the woods....Alaska --So I'm looking forward to that.....

    I will have to look at some car dealers when I'm there....l.....o......l.....

    Good luck..

    Terry.
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