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Real-World Trade-In Values

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Comments

  • rroyce10rroyce10 Member Posts: 9,332
    ........ Hmmm, we really have some miles going on here, 125k.? .. this won't be your friend ya know.

                If it's a "real" SE (RD187 - I see lot's of "converted" LX/EX's from the midwest .l.o.l.) ... the color is good anywhere, if the leather shows real nice, there isn't a bunch of dent dogs on the side, no re-paints, no hit and runs, service is 125% and it looks and drives like 50k .. then trade side, depending on the dealer you should be in and around the mid to high $8's, "could" maybe "might" see $9,0 if you aren't the Columbus shooter and you been going to church on a regular basis ... $9,800.? .. that's more of a retail figure, dealers in your area are paying that for clean 60kers.

                       Let me know how it goes ...

                             Terry.
  • automan227automan227 Member Posts: 118
    I do have a running rep with this dealer, and I trust what they say.

    Either way, no harm no foul whether it was sold at that price or not.

    Going this afternoon to look at a Black 2000 Passat GLX 4Motion with all the options (automatic, changer, monsoon etc) also in philly. Asking right now $14,400 and the price is negotiable.

    Is that fair?

    AS
  • dkuhajdadkuhajda Member Posts: 487
    The miles are killing it.
    $5200 is almost retail for that puppy. We see $6000 retail for those large high mileage Buicks, Indiana Hickabilly area.

    Most of the franchise dealers will auction/wholesale that one out simply due to the miles and secondly due to the age. Maybe if it glows in the dark and drives like 25K you will get lucky. I'm thinking trade side close to what we have paid at auction for same model this winter, high mileage car, $4400 give or take.
  • anonymouspostsanonymousposts Member Posts: 3,802
    A co-worker just purchased the following vehicle and I'm not so sure she got as good of a deal as she thinks:

    Car is located in Metro Atlanta

    2002 Nissan Altima 2.5 SL automatic
    gold exterior/tan interior
    35,000 miles
    leather seats
    BOSE audio w/ 6-disc changer
    alloy wheels
    power seats
    new tires

    Here are the known problems:
    Car was in an accident and the front core support was damaged. You can kind of tell the front bumper and hood do not line up like they are supposed to
    both passenger doors were reskinned
    there is a football sized dent/scratch on the driver's rear quarter panel
    miscellaneous dings and stratches in the doors and rear bumper
    Also, the car is a higher trim level (SL is highest 4 cylinder offered) but does NOT have a sunroof.

    Overall it's a decent looking car but I don't think it's worth what she paid. What do you think this puppy is worth?
  • rroyce10rroyce10 Member Posts: 9,332
    ....... A great and wonderful description, thanks.!

                It's a 135k 3.8L V6 w/ supercharger .. the 3.8's have a wonderful history of reliability, when you add the supercharger part the dealers might get a little weak knee'd .. if it's a nice one, knee deep in rubber, seats look hovered in, just a nice clean Park Ave .. then trade side, in and around the $3's, probably the low to mid $3's ..

                  Good luck and let me know what happens ....!

                          Terry :)
  • rroyce10rroyce10 Member Posts: 9,332
    ....... Left Coaster, right.?

             It's a SLT, miles are sitting around 38k, it's the right color and it's a 4wd, plus we have the Bozo sound and the boards .. if it hasn't visited any Wal-mart implosions, no hacksaws to the interior .. then trade side in and around the $19's, it's going to need some big round things ....

                         Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ....... We gotta little kiss in the front, we got some football practices on the drivers side and we have new paint all over the place .. ooh, sounds nice .l.o.l..

               The miles are kinda tall for the year, great color for the area, it's an SL, Bozo sound, new sneakers and no slider .. gheez without really seeing it I'm kinda guessing, figure in and around the $10's .. I'm only paying the $12's for the super clean SL's with 18/22k, now the V6 SE's are doing some serious money, in and around the the tall $17's with all the stuff and miles in the 14/18k range .... the miles and all the remodeling is not your friend here.

                          Terry.
  • explorerx4explorerx4 Member Posts: 20,723
    Hi Terry,
     Have an '02 explorer eddie. love the vehicle, but have a vibration around 65 mph. dealer put on michy all terrains, as a test, and said that would cure it(i didn't get to drive it). i figure about $700 to replace the gy's i have now.
    have 4.6(v-8), 3rd seat(free now), aux air, towing package(never towed, but have hitch mount bike rack). wedgewood (med) blue. have 27k miles, dealer service every 3k, couple of small scratches on tailgate. drivers seat(leather) has some creases and floor mat has a wear mark from my heal.
    found an '04 same equipment plus sunroof and safety curtain.
    trying to decide, should i trade now (am putting on miles at a higher rate than i would like, i.e. vacation this summer will be another 2.5-3k trip) or wait 6 months(after the trip), or take the chance that new tires will make my only annoyance all better? wwtd? :)
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • rroyce10rroyce10 Member Posts: 9,332
    ....... Hey Mark .. so you live in the land of Aaarnold ...

                    It's a 00 EX V6, it has the right color and no chicken pieces, let's not forget it has no miles for the year, plus you say it's clean .. these seem to be doing some pretty strong money lately, maybe it's the redesign, or maybe the cheap rates, or both, but folks Do like this body style .. trade side, in and around the mid to high $12's, might "could" "maybe" see $13,0 if everything is going your way and it's as clean as you say it is ...

                 Me personally, this is material for Retail Rd .. super detail, excellent 5 liner ad, the service records hanging from the tail pipe .. $15,900 *asking* and wave goodbye at the first $14,5/$15,5, this one won't last long ....

                       Drop me a note to let me know ...

                           Terry.
  • beesampsonbeesampson Member Posts: 16
    Hello Terry,

    Traded the 03 suburban today,no great deal but seemed good for the area. Shopped it to 3 dealers and they were all close, I got 27k. Paid 37k for a suburban Lt, it listed for 47,9k and has all the nice features like, moon roof, XM, Buckets all around 4x4,17 inch rims and tires, ect.

    Thanks for your input Brad
  • automan227automan227 Member Posts: 118
    Terry,

    After much aggrevation with the local VW dealers that had passats I liked, I gave up on them. Absolutely they rode nicely, but given their past reliability, I was not about to bend over backwards to get one.

    In any case, I test drove a 2001 Taurus SEL (all the options including rear spoiler) with 36000 miles. Here are the specs:

    2001 Taurus SEL
    Auto
    Black
    36000
    Leather
    Traction Control
    ABS
    Mach Sound System with CD Changer
    Bucket Seats (floor shifter not the column one)
    Rear Spoiler
    Quality Checked Pre-Owned Warranty (no clue what that means.)

    The two dealers are asking $11,900 and $10,600. They are identical to one another with very similar miles. Both are deep in the rubber, no major scratches or anything. In the Philly metro area. What is a fair price to offer?

    Thanks for your help (again)!

    AS
  • isellhondasisellhondas Member Posts: 20,342
    There are a WHOLE lot better choices than a Taurus.

    Still, as used cars they are a lot of car for the money!
  • akanglakangl Member Posts: 3,282
    A 1996 Taurus LX (back when LX was top of the line). Super nice car, had the 3.8L V6 I believe, it was fast I remember that. Really nice car, smooth ride, reliable, actually very pleasant to drive. One car I wish I hadn't gotten rid of, especially since I had a major moment of stupidity and traded it for a Windstall.....but that's a whole 'nother story.

    I actually considered a Taurus when we got rid of my 97 Explorer, but I really need an SUV......as has been proven several times over the past 2 weeks.

    Taurus is definatly a lot of car for the money, especially on the used market.
  • steine13steine13 Member Posts: 2,825
    I agree, lots of car for the money.
    In this case, though, the $11k is more a price for a 20k-30k 2003. A 35k 2001? What will Terry say..?

    Anyway, they aren't so bad anymore, reliability-wise. Since '98, the trannies have been OK --zues says so, of blessed memory :-). And the engines have always been OK, except the head gaskets on many 3.8s. The first generation had all kinds of stupid $1 parts fail in the HVAC system that were a bear to get to, and heater core failures, same deal... but I *think* the newer ones are better.
    And no, I'm not betting my own money on any of this. But I wouldn't necessarily say no to a nice '99 wagon for cheap...

    -Mathias
  • sandman46sandman46 Member Posts: 1,798
    Now where did he go? Haven't seen him here in ages. He seemed like a very enjoyable and knowledgeable person. He's been awol for awhile?
    Anyone with some info on him?

    The Sandman :-)
  • automan227automan227 Member Posts: 118
    There really aren't that many 2003 SEL's for sale in my area right now, and aren't in colors that I really care for.

    In any case, I am assuming that these dealers are artificially increasing the price to leave them room to negotiate down; Its been the case with every ford that I have purchased.

    On a different note, does the car being quality checked get me any special finance rate (like VW CPO gets 1.9% financing right now)? What type of warranty comes with this Quality Checked thing?

    Thanks for the help.

    AS
  • kam2004kam2004 Member Posts: 3
    to post #16436. 1995 BMW M3, 100k mi, CA car. This car is super clean and very well maintained, so I listed it for 15,5 to see what would happen, with 12,5 as my bottom price. It sold for 14,5 a week after listing it for sale. I used an online classified instead of the local paper. I wanted to reach a more techie audience, and I knew a lot of pictures would show the car off. You were right about the buyers - I had two serious buyers. Both had BMWs that they tuned and really knew their M-cars.

    I think I did well on the flip side. I got an CPO 03 Corvette with 4k mi, 50th Anniversary, 6-spd convert for 43,5

    Thanks for you input!
  • jlawrence01jlawrence01 Member Posts: 1,757
    I would probably look for a 1999 Taurus with 50k and look to pay about $5000-5500. Then, you will not get hurt by thelow resale value.
  • sweetv12sweetv12 Member Posts: 58
    blk/blk; 14K miles; good condition; no PDC/distronic/trunk closer/VA phone; non-Designo; left coast; decent rubber;
  • rroyce10rroyce10 Member Posts: 9,332
    ...... We forgot one important part ... is it a 2wd or a 4wd ....?

                Also, if you have had the Exploder for awhile and your just getting a vibration, then obviously this sounds like a tire problem and/or balance problems ... most folks have the front end checked, but especially in large SUV's, the first place to check is the "rear tires", one can be misaligned or out of balance, or both .. I have seen a lot of folks drop big $$ on new tires when it "could" end up being vibration from one under-inflated or out-of-balance *rear tire ...

                            Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ......... Your welcome .. enjoy your new LT, their great vehicles ...

                            Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ...... So we live in Philly, and we are lookin' at a 01 SEL V6 (duratec?) Taurus with 36k and all the stuff ...

               The "boys in the band" are pretty much on this one .. $11,900 .? .. that price is a little on the hefty side, "depending" on the warranty $10,6 is more in line for 36k ..

               There is bunches of Taurus's out there and they can make an Excellent buy if you take your time and look around, now if a dealer has had it in his inventory for 2/3 months that might be one to avoid because he has November money in it ..

                            Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ..... Great Job, you did it right! .. great ad, super pics and living in SFran gave it some boost, plus you didn't do bad on the Vette ..

                 You got ALL the peso's on that Bimmer .l.o.l. Left Coasters, Amazing.!

                     Thanks for the info ..

                           Terry :)
  • porknbeansporknbeans Member Posts: 465
    Terry, I've got a friend who totaled her car in an accident and is getting a little bit of a run around from the insurance company regarding the value of her car. Can you give me your best estimate on a value for her car please?

    99 VW Passat GLS
    58k
    Silver exterior/Black interior
    very good condition (used to be)
    almost new sneakers (less than 10k)
    moonroof
    auto
    1.8T
    leather
    multi-disc cd
    power windows/locks/brakes/yada yada
    cruise
    alloys
    no power seats
    Madison, Wisconsin

    Thanks in advance Terry. BTW, it's a treat to read what you do for us here at Edmunds and we truly appreciate the time you give.
    Porknbeans

    Grand High Poobah
    The Fraternal Order of Procrastinators
  • rroyce10rroyce10 Member Posts: 9,332
    ...... Right color for someone, miles are low, no Espresso (thank goodness) .. probably worth in and around the $69/$71ish range come trade side .. might "could" maybe do $71/$73ish at Riverside or Bay .. down Retail Rd, $79,9 is a good asking price, hard to put a firm number on a CL, it will probably do the stronger side of the scale in SCal I would think ....

              What say you ...?

                         Terry.
  • cstowecstowe Member Posts: 101
    Terry, an "opportunity" came my way this weekend...

    My uncle gets a vehicle leased for him by a bank that he does some work for. It is not the standard practice so they don't have a policy for getting rid of it. They are going to trade it in on a new vehicle for him. He got it last November (15 months ago) and he has 41K miles on it since it acts as his office and he is all over town and the surrounding area. He takes really good care of it and since I am in the market for something new (to me) he is going to see what they would sell it to me for instead of trading it in.

    It is a 2003 (could be an 02, I am not sure) Yukon Denali (not the XL) with all the goodies...but no dvd system, nav or slider....41k miles, that pewter/silver/beige color with grey guts, AWD, heated capt chairs etc.

    I have relocated from the land of Mardi Gras to the land of Okies...as in Tulsa. Dont ask.

    What would a "deal" price be? I am really looking for a sedan but for the right deal I would go with the Denali...a pretty sweet ride.

    Can you hit me with the 2003 and the 2002 price?

    Thanks.
  • wjeivwjeiv Member Posts: 4
    Wow, great! Now I'm REALLY interested in what they'll offer me! Do I smell a private sale coming over me?? Do I??? (That's rhetorical, no one needs to answer..) :)

    As expected, I will be sure to report back the
    predictions and the results soon! Thanks!

    -Bill
  • corvettecorvette Member Posts: 11,272
    I'm looking to get out of a 1999.5 VW Jetta GLS VR6, silver with black leather guts. 16" VW wheels, almost new Michelin Pilot tires, looks like 40k miles but has 90k. Very good to excellent cosmetically. Options are the heated leather seats, alloy wheels, automatic transmission, and moonroof. I'm in central Kentucky. What can I get for it? Many thanks...
  • automan227automan227 Member Posts: 118
    Terry,

    I did the deal today on the car that was being advertised for $11,995. The car did not have the rear spoiler on it, or side airbags(like the car for $10,600 had on it-which turned out to be a firm price non-negotiable).

    I put in an offer for $10,000 with a spoiler added in, and they came back with $10,300 as the best they could do. This seemed more then fair to me (I was not actually expecting them to do $10k), so I took it. Total OTD came to $11,100. I am picking the car up on friday so that they can complete the 35000 mile service for me (free of charge). It will take a week to 10 days for the wing to come in, so I will pick up the car and bring it back. The dealer also said that when I bring it back, they will give me one of their cars to use for the day (very happy about that).

    I just wanted to say thanks to Terry, and everyone else who made this a relatively painless experience.

    Just out of curiosity, how did i do?

    AS
  • explorerx4explorerx4 Member Posts: 20,723
    it's a 4x4. being from the northeast, i've only seen one 2wd explorer in my life! best bet would seem to be to try new tires. i was trying to weigh that vs. their cost and upcoming 30k service. i'm probably a bit upside down. anyways, i would appreciate your appraisal. Thanks.

    btw, ol'zeus sent me an email by mistake, so i know who it is. :)
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • tomcat630tomcat630 Member Posts: 854
    $10,300 is pretty good, and they probably got it wholesale for $7-8K. So they did OK too, even adding the spoiler.
  • automan227automan227 Member Posts: 118
    I noticed that when I was shopping for a passat, many places were selling for very close to trade-in value of the car (wholesale price I am assuming).

    I have not really seen any taurus's sold for even close to their wholesale price. Why is this the case?

    Thanks,

    AS
  • ahlinahlin Member Posts: 30
    2001 Toyota Highlander Limited Vehicle has moonroof, skid control, leather and all of the other limited options. excellent condition- a couple of body dings- all wheel drive of course. Would appreciate any ideas of real world trade value- 43000 miles Thanks much!
  • ahlinahlin Member Posts: 30
    01 highlander color is vintage gold
  • automan227automan227 Member Posts: 118
    Inquiring minds will want to know where the car is located.

    AS
  • driftracerdriftracer Member Posts: 2,448
  • steine13steine13 Member Posts: 2,825
    It's a V6 AWD. It oughta be in nice shape, on account of he's bragging on the HL forum about 43k trouble-free miles.
    If he's not in MN, he used to be.
    One thing about Edmund's it's got decent search software. -m
  • ahlinahlin Member Posts: 30
    Located in northern Minnesota 4WD
  • iusecadiusecad Member Posts: 287
    your Highlander didn't come from Kolar or Kari, did it?
  • ahlinahlin Member Posts: 30
    Kari
  • iusecadiusecad Member Posts: 287
    about Kari, but not about Kolar. Kinda why I asked... :)
  • bamacatbamacat Member Posts: 1
    Terry<

    I going to trade in my 2000 Xterra when I purchase a new one within the month and I'm wondering what a fair trade-in offer would be. It is dark green, in good mechanical repair with new tires and has the following:

    92,000 mi
    4sp automatic
    power windows/door locks
    keyless entry
    tow pkg
    tilt steering
    cruise
    Custom Pioneer stereo CD/casette

    Thanks
    St. Louis
  • sweetv12sweetv12 Member Posts: 58
    in Analyze This...when he waves his finger at Billy Crystal, saying 'you...you...you...you are good!!!" :-)

    I hit it at $69.9K...dealer countered at $73.9K (originally listed at $86K)...I will take it at $71K if he is serious about moving the unit...Premium Starmarked too...i'll keep u posted...thanks...
    --------------------
    Re: your msg #17357 ('02 CL55)...... Right color for someone, miles are low, no Espresso (thank goodness) .. probably worth in and around the $69/$71ish range come trade side .. might "could" maybe do $71/$73ish at Riverside or Bay .. down Retail Rd, $79,9 is a good asking price, hard to put a firm number on a CL, it will probably do the stronger side of the scale in SCal I would think ....

              What say you ...?

                         Terry.
  • sweetv12sweetv12 Member Posts: 58
    btw, would u do the '02 CL55 or CL600? inquiring minds wanna know...whats the delta (if any) in pricing at trade/auction time?
  • bluestar1bluestar1 Member Posts: 112
    I was reading a few posts of yours on another board on the "News and Views". You know sometimes it is not worth arguing with the hard of hearing. You end up hoarse and out of breadth. Lol. Personally, I found the posts so informative, but the import of your points missed the entire posters on that board. Many people are so focused on their ego, that it takes a lot to move them beyond their self-imposed blinders. Not worth your effort or anyone else for that matter, IMO.

    As usual, your vibrant and informative posts on Edmunds are only appreciated by those who counts. Keep up the good work.

    :)
  • steine13steine13 Member Posts: 2,825
    Thx for the heads-up -- i went over there and it's a riot. I just joined the fray in a friendly way... I'll see if it works.
    Poor Terry is trying to educate someone who does not appreciate being confused with a bunch of facts. -m
  • carnutt1carnutt1 Member Posts: 10
    What can I get for this car trade & private sale. Has bose and sunroof options, no leather seats, 20k miles. Excellent shape, live in Omaha, Nebraska. Thanks
  • jaserbjaserb Member Posts: 820
    Terry, here's one for a buddy of mine:

    '02 Dakota Sport 2wd Extended cab
    18k miles
    White with grey cloth interior - bucket seats
    ABS, CD, cruise, keyless, fogs, sliding rear window, wheels, tint
    Auto, 3.9 V6
    OEM tires in good shape
    The truck is real clean, inside and out. No scratches, dents, etc.
    Provo, UT area

    What is he looking at as far as a private party vs. trade-in number? Dealer has been hitting him at around $10k, but he's looking at Retail Road to minimize his negative equity. Thanks!

    -Jason
  • driftracerdriftracer Member Posts: 2,448
    color, miles, etc.
  • mirthmirth Member Posts: 1,212
    Well, he did say 20K miles, but not the color...
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