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Real-World Trade-In Values

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Comments

  • taterhearttaterheart Member Posts: 12
    Terry,

    I just wanted to let you know that I didn't make an offer on the BMW. I drove it, and while it had a nice smooth engine, it just didn't excite me. The Audi TT Roadster was just much more fun to drive for me.

    Tate
  • mikefm58mikefm58 Member Posts: 2,882
    I found an even bigger discrepency when I priced out a used 2003 base Highlander and a new 2004 base Highlander, comparing the Toyota certifed price on the 2003 and Edmunds TMV on the 2004. The Toyota certifed used 2003 ($23184) is HIGHER than the 2004 TMV price $22873).
  • driftracerdriftracer Member Posts: 2,448
    $4k is a very optimistic RETAIL value - trade side would be around $1500-2000.
  • eyeblindeyeblind Member Posts: 156
    I am trying to find out the trade-in value of my
    2004 Nissan Quest.

    The car specifications are as follows:

    2004 Nissan Quest SL
    Color: Coral Sand
    Options:
    SL upgrade package: Front side airbags
                        Rear sonar system
                        Front Heated Seats
    In-cabin micro filter
    Mud guards
    Floor mats
    Dealer tinted front driver and
    passenger windows.

    Miles: 8,600

    Original MSRP $28,720.00

    The car is 9 months old. No accidents, nothing scratched or broken. It has had all scheduled service appointments

    To whom ever responds, thank you for taking the time to answer my question.
  • dkuhajdadkuhajda Member Posts: 487
    $4,000 is about ALL the money on the RETAIL side if you were to sell it yourself. Give it a good detail, make sure all maintenance is up to date, pay for a nice ad in the paper, with an asking of $4,900. Your relatively low miles are the saving thing for your car. Things going against it: Ford Contour, Green color, 5 year old Ford.

    Trade side, if it looks and drives like an 03 with 20K on it, you might get a dealer to step up close to $3000 if they really want to sell you the new car. Do not forget to negotiate the sales price first, then the trade in price.
  • pickspicks Member Posts: 8
    Considering the above mentioned Acura, 43k, no nav...negotiated price (thru dealer) is $16,000. I'm very comfortable w/ this price and consider this a very fair price. Comments?

    Trading in my 1995 Honda Accord EX-L Coupe. 171k, body is in so-so shape...looks like it has 171k on it. Thinking they'll give me $1500 on a trade. Considering selling it outright and hopefully getting $2000. Is it even worth it? Do people buy cars w/ 171k on them?

    Thanks in advance.
  • akanglakangl Member Posts: 3,282
    Well, we bought a 94 Chevy K3500 6.5L TD with 150k on it, so yeah, people do buy high mileage cars/trucks. I certainly wouldn't be afraid of a Honda with 171k on it if it was well cared for and the price was right. The Chevy turned out to be a nightmare that is still ongoing.....long story, but never again.
  • steine13steine13 Member Posts: 2,825
    A lot of it depends on where in the country you are... LA vs. Detroit can make a difference of a factor of two in an old car... cold weather and salt is very hard on cars, even Hondas... btw, is that Honda a stick or auto?
    -Mathias
  • dardson1dardson1 Member Posts: 696
    1997 Expedition EB 4wd
    white
    beige leather
    99,000 miles
    sunroof
    disk changer
    third seat
    no body work or paint
    needs new tires
    Texas

    I'm asking for a female friend who could care less about a car. She just buys what she needs, drives for 100k miles, and trades (no private sale considered). The car is getting old but appears unabused inside and out, everything works, and could pass for 50k miles. No mechanical issues, and it's been a trouble-free vehicld. She's maintained it by the book at the dealer. What's top dollar in a trade? Thanks
  • pickspicks Member Posts: 8
    95 Accord EX-L, stick shift, 170k. All scheduled tune-ups (60k, 90k, 120k, 150k), changed oil every 3500 miles. New tires, battery, windshield, brakes, rotors. Live in midwest, so it's seen bad winters. Body is beat up in spots, but overall looks OK. A couple small rust spots on hood. Spoiler, tint. Am I dumb not to try and sell it privately?

    Interested in opinions on the 01 3.2 CL-S, black, 43k for $16,000 as well.

    Thank you.
  • steine13steine13 Member Posts: 2,825
    In "mid-west", eh? don't worry, your secret is safe with us...

    The Honda and the Leather giveth, the miles, the stick, the miles and the dings taketh away... on the street, without seeing it, and assuming you don't smoke... clean it up, good ad, records in the back seat for inspection... ask $3,400 and take whatever you can get, probably see $2,5-$3.
    $500 more in Chicago, $500 less in Flint, Michigan :-)

    If I saw it in my town, I'd probably try to steal it for $2 and drive it for a couple years...

    -Mathias
  • dkuhajdadkuhajda Member Posts: 487
    One with great wisdom once said "The hand buys what the eye sees." I'm thinking any eye seeing this car is going to see a $1000 beater, just from the body condition. Rust is rust, miles is miles, and they both can kill value. 171K miles, even on a Honda, means it is getting a little long in the tooth when it comes time to try and sell it.

    Were it an automatic, $2500 would be reasonable and fast private party deal. Be grateful for any offer over $2000 cash if it really does look as described, like it has 171K on it.

    Trade side, a few hundred dollars to $1000 should do it.

    Are you dumb not to try and sell it privately? It depends on how well you can set aside your ego and take the first reasonable cash offer. People who can drive a stick are not so easy to find, then find one who wants a car that old with that many miles. Price it right and it will sell, asking around $3K after a good clean up.
  • steine13steine13 Member Posts: 2,825
    Not that I disagree with you, my brother....
    ... but a lot of people do. Hondas can get STUPID money.

    The 170k are not THAT big a deal since the service was done and is documented. The "rust" pertains to spots on the hood... all my older cars had taht, it doesn't spread like it does around the wheel wells, esp. on the previous Accord model.. the '95s hold up fairly well.

    I stand by my estimate, and if pick gets back to us when he sells the sled, I'll bet you it'll be north of $2, and maybe close to $3. Tires better be good, though, and car clean and free of smells. $1000 beater? Not hardly.

    -Mathias
    "Beaters 'R' Us"
  • dkuhajdadkuhajda Member Posts: 487
    It does not look like you disagreed in your assessment of private party value hardly at all. Maybe $400 hundred dollars on the asking price end, with my assessment of offers over $2000 should be considered, while you think he should let it loose $2500-$3000. Without actually seeing, smelling, driving the car, no way to be much closer than this.

    I think you missed the point of my posting. If it looks and smells like a car with 171K, any prospective buyer will get the impression "$1000 beater" no matter that it is a Honda. I was hoping to stress the point that he needed to get the car up to make a good first impression.

    Yes, Honda's can get stupid money and 171K well documented maintenance is no problem. Do not forget, it is a 5 speed and it looks rough. I am lucky to see lots of older high mileage cars, a 5 speed, 9 year old Accord, typical condition around here, rarely sees much over $2000. Were it an automatic, he would not even have to do much clean up to see $2500.
  • akanglakangl Member Posts: 3,282
    Guess you guys can say "I told you so" We are now once again proud *voice dripping with sarcasm* owners of that darn Chevy.

    Guy surrendered it today.......of course this was on the heals of the transfer case going out. So, now we have a truck that needs a $1600 repair.

    Oh it gets better, the reason for the failure was the shoddy repair done to the t-case in October. Needless to say we are definatly sueing the shop that did it.

    Oh well, he put 6k on it, paid $1250 in payments and did probably $300 in repairs that it needed plus put on new tires.

    Guess we'll fix it and keep it this time, will prevent hubby from destoying the Dodge in the woods.
  • rroyce10rroyce10 Member Posts: 9,332
  • rroyce10rroyce10 Member Posts: 9,332
    ....... Unfortunately, welcome to the BHPH (Buy Here, Pay Here) world of vehicles .....

             The windshield wipers quite working and I'm not paying .. I had a flat tire and I'm not paying .. I put 6,000 miles on it and I'm not paying ... hey, at least you got $1,250 out of the deadbeat before he quite paying ............ :)

                      sorry,

                          Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ........... Here we go again ....

                   4banger ...........?!?

            

    V6 duratec .........................?!?

                    Info babe, Info ............................
  • jwatsjwats Member Posts: 72
    100,000 Miles in Minnesota. 5 sp with cloth upholstery. GT package includes remote, power locks/windows,sunroof,rack. AM/FM Cassette but no CD Tires are newly new, body has no dings or blemishes. Engine has been well maintained new heads. Interior has no defects. A solid and presentable car in the good to excellent range. Will detail thoroughly before sale. Considering trade on new Subaru or private sale--and if all else fails I'll donate to charity. Since the car is still reliable and worth little, I may even wait a year or so to trade up to a new Subaru since prices could be high on the just introduced and new 05 model.

    Edmunds and NADA say $7600 on trade, Kelley is about a thousand less. Thanks for your help

    John
  • rroyce10rroyce10 Member Posts: 9,332
    .......... ** I am seeing a huge discrepancy between Edmunds($26,149) vs NADA($25,775) vs KBB($19,875)vs Galves ($25,550). **

                  Some of it depends on where you live, what part of the country .. miles are VERY reflective of "real value", in this case it's a Limited with 11k, so we have no miles and all the stuff to go with it .... where the info sources get their info ..? .. I have no idea, sometimes KBB is accurate on certain vehicles, sometimes NADA is more accurate on the next batch, sometimes Edmunds is accurate on certain others and sometimes they all can be off and the Galves value is based more towards the extreme NE area of the country ... I guess the point is, the real values are based on the auction reports, not some book thats dreaming them up ..

                Based on what little info I have here on yours, it's probably worth in and around the ultra high $24 range, could see a little more or a little less depending on the area of the country ....

                           Terry.
  • pickspicks Member Posts: 8
    Thanks gang. Going to pick up the new (used) car today. If they give me $1500 on the trade I'll probably just take it and not hassle w/ trying to sell it privately. Could I get $2500 for it....maybe. Chances are I'd get closer to $2000 on it though. After paying to put it in the paper / autotrader.com, taking phone calls, meeting prospective buyers, putting up w/ ridiculous offers and getting headaches - I may settle for $1500.

    Thanks again.
  • edwardoplunketedwardoplunket Member Posts: 31
    Hi Terry,

    Thanks for the reply. Not too long ago the Canadian exchange rate was 1.60 = 1 USD. There were truck loads of used canadian cars being shipped south. It costs about 200 USD to convert a speedo to read true miles and MPH for an expedition for example. Registered Importers (RI) handle the customs paperwork to the tune of 300-400 per car.

    Now that I now about auctions, and about brokers that will get you a car for a fixed price over auction plus auction fees, I was wondering what auction prices were in Vancouver BC. It is my understanding that ADESA is now publishing a book like the Manheim numbers you quoted for me before.

    So in a nutshell, I trying to see if it might be worth trying to pick something up north of the border (only 150 miles for me) at auction.

    I was thinking 03 Expedition, but am back to the Burbs for the space they have. Plus, the 1/2 tons drive real nice.

    Anyway, thanks for the info you provide on this forum. Per the last guy that griped about my questions, I'm not sure how much time you spend replying to these posts, but your data is certainly helping me figure out what I should be paying for my next vehicle.

    Regards,

    Ed
  • yamanyaman Member Posts: 113
    Terry

    Thinking of pruning my toy-Silver,heated seats 61k miles,all maintenance done at dealer (just had 60k service-had new brakes put on)good condition for a 5 year old car-1 small scratch at bottom of the front living in the Philadelphia area.What say you on retail and trade? oh yes it is an automatic

    Thx in advance
    John
  • kyfdxkyfdx Moderator Posts: 265,453
    I'm betting most dealers will only offer you $500, just to keep you from trading it in. I doubt you'll get a better offer from a new car dealer, unless the dealer thinks it will kill the deal.

    regards,
    kyfdx

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • edwardoplunketedwardoplunket Member Posts: 31
    Hi Terry,

    Thanks for the reply. Not too long ago the Canadian exchange rate was 1.60 = 1 USD. There were truck loads of used canadian cars being shipped south. It costs about 200 USD to convert a speedo to read true miles and MPH for an expedition for example. Registered Importers (RI) handle the customs paperwork to the tune of 300-400 per car.

    Now that I now about auctions, and about brokers that will get you a car for a fixed price over auction plus auction fees, I was wondering what auction prices were in Vancouver BC. It is my understanding that ADESA is now publishing a book like the Manheim numbers you quoted for me before.

    So in a nutshell, I trying to see if it might be worth trying to pick something up north of the border (only 150 miles for me) at auction.

    I was thinking 03 Expedition, but am back to the Burbs for the space they have. Plus, the 1/2 tons drive real nice.

    Anyway, thanks for the info you provide on this forum. Per the last guy that griped about my questions, I'm not sure how much time you spend replying to these posts, but your data is certainly helping me figure out what I should be paying for my next vehicle.

    Regards,

    Ed
  • akanglakangl Member Posts: 3,282
    I can't honestly say that I blame him for this. We are still friends, there is NO hard feelings at all. IF we can get the repair shop to do the right thing and fix it without us having to cough up more dough we will offer it back to him. I think he's just as frustrated about the whole thing as we are.

    If he doesn't want it after its fixed, no biggie, we will still stay friends, still help him out with firewood and if he needs the truck he can still borrow it. Plus if the truck needs repair and he wants to, we will pay him to fix it. (he's a mechanic)

    It was NOT his fault that the t-case went out, it was that darn repair shop that my claws are going into today.

    And yes, we are probably the most forgiving people in the world.......I would NOT do good as a BHPH lot, lol.

    I have named the truck boomerang......Boomer for short.....darn thing won't quit coming back.
  • pickspicks Member Posts: 8
    Wholesale on the car is $2200. Accounting for condition and miles the car is worth ~$1500 wholesale. If they don't give me at least $1000 I'll sell it my self. Salesman thought I'd get $1400 so he's in the ballpark but not the one doing the actual purchase.
  • driftracerdriftracer Member Posts: 2,448
    this is what's wrong with consumers, no offense - this is why there are fights during the negotiation process - just because the NADA guide will calculate mileage deductions, it doesn't mean that because the "book says it" that it's reality.

    There is no place in the retail world for a car w/171k miles.
  • kyfdxkyfdx Moderator Posts: 265,453
    I'm not really trying to tell you what its worth.. Used Hondas bring crazy money... I'm just going from experience in trying to trade with new car dealers.. Most don't want 171K mile cars at all, regardless.... I'm sure its worth a couple grand to someone. Good luck with it...

    regards,
    kyfdx

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • pickspicks Member Posts: 8
    I'm looking at the Black Book, not KBB or Edmunds blah blah blah. I know there's not a place in the retail world for it, but I should know what a wholesaler will pay for it so I don't get completely ripped off when I trade it in. Right?
  • driftracerdriftracer Member Posts: 2,448
    in ANY book, so wasting your time with a book on a nearly 200k vehicle is fruitless.

    Not picking on you, but so many people say "I've got some damage and some bad paint, it's got 120k miles on it, but the book says...."
  • racer63racer63 Member Posts: 83
    I got a two-parter here.....in Noo Joisey.

    #1 99 Explorer XLT. 4 door, V8, AWD, white with gray cloth, premium sound CD/cassette, original owner, all of 52k miles. As clean as a 5+ year old family truckster can be. If I retail it myself, 10.5/10.9 asking, take 10 and run? I assume a trade value is around 8? Actually looking for confirmation on those numbers, because if that's all the real money it is, I'd rather keep it.

    #2 Since the reason for exploring ditching the Explorer is I need a bigger truck/SUV for racing activities, about the cheapest I can go is picking up a used E350 Club Wagon and loose the last two or three rows of seats. I know 99% of these were rentals, but like I said, they're cheap space, compared to a new $40k 'Burb. I browsed a 2001 extended V10 XLT, silver/gray with 33k miles today. It had a pretty good mop'n'glow, but needed tires in a major way. They were asking 16,950. I'm thinking something in the mid 14's, with a new set of name brand sneakers thrown in, would be in the ballpark. this was at at Ford store. There are two others at a used car emporium I haven't seen, but similar mileage, one's white, the other green. From lurking here the green one would be how much less?

    Any insight would be appreciated. Trying not to be inconsiderate and spend too much time haranging salespeople while I figure out what I'm going to do.......
  • rroyce10rroyce10 Member Posts: 9,332
    .... ** Trading in my 1995 Honda Accord EX-L Coupe. 171k, body is in so-so shape... looks like it has 171k on it. Thinking they'll give me $1500 on a trade. Considering selling it outright and hopefully getting $2000. Is it even worth it? Do people buy cars w/ 171k on them? **

    Thanks in advance.

                   _____________________

               Sounds like a $1,500ish vehicle on a trade, we have a Kazillion miles, handshaker and you say "it looks like 171k" .. nothing going on here except the sound of the crickets ...

             Down the path to Retail Rd .. all the service stuff, a little detail action, a great Ad, yep Mathias is on it, North of $2,0 Large+ and then some ... the question is, is it worth your time and energy, I think it will see all of $2,900 ....... :)

                        Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    .......... No problem Ed .. just keep in mind the resale end of that Canadian purchase .. if it's worth $12,000 in "now" money, it's gonna be worth $6ish with the Odo flipped ....

                           Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ........ If it's clean one, lookin' and feelin' like 25k .. no slash tear rip seats, no Oh oh it's Maaco, just a nice driver .. depending on the dealer, trade side in and around the $16ish figure, maybe "might" scroll towards the $17 figure if it's Jam-up and spring has sprung in the NE (finally) ..

                Down Retail Rd, wonderful detail, superb Ad, service history flooding the seats, $20,900 *asking* and give a big kiss at the first $19/$20,0 the weather will save it, and the miles will hurt it .................. ;-)

                           Terry.
  • swwsww Member Posts: 1
    I have a 1999 Dodge Intrepid (base model) 2.7L with 55K miles. Body and interior are in good / very good condition. Car has new auto transmission {$1400) as of summer 2003. Needed new evaporator due to slow leak, but yesterday the compressor froze as well. My mechanic estimates $1600-1800 to fix. I would like to trade in before repairs as I feel that the dealership can do it cheaper. What is your opinion.
  • dkuhajdadkuhajda Member Posts: 487
    Are you aware of the "secret" warranty on the evaporator leaks in those up to 1997? I would at least get all the information together and try and press Chrysler to fix it no charge. They did replace the transmission no charge, didn't they?

    Here is a link that might help.
    http://www.lemonaidcars.com/secret_warranties.htm

    I know someone who got Chrysler to reimburse the repairs for both a transmission failure and the A/C evaporator on a 98 Intrepid that was over 3 years old and close to 70K miles.
  • yamanyaman Member Posts: 113
    Terry

    Thanks much
    Best John
  • viper0074viper0074 Member Posts: 56
    Hi Terry,

    How are you? My inlaws want to trade in their 1998 3.2TL in order to lease a new MDX. It is silver and has 90,000 miles. I am in NJ, zip 07310 (if that helps you to price it). I think everything is pretty much std on the car, so I can't think of any options for it.

    Let me know what the mkt trade-in value is please. Edmunds says it's worth about $9,000 and KBB.com says it's worth about $7,400.

    Thanks,

    Peter
  • automan227automan227 Member Posts: 118
    Terry won't do zip codes. What area of Jersey is it?

    AS
  • rroyce10rroyce10 Member Posts: 9,332
    ....... Peter, Naw Jersey huh ..?

           98 Acura TL .. we have some miles going on here at 90,0 big ones .. IF, and the word being here is IF ~ if all the service has been done, deep in round things, seats don't have that: "I lost that lovin' feeling", no paint by numbers, if it's lookin' and feelin' like 50k .. then trade side, in and around the $6's, might "could" roll towards the $7 figure if it's ultra nice, ultra clean ~ if it needs stuff start deducting ............ ;)

                   $9 Grand ....? not on this planet ..! .. $9 grand is a retail figure, dealers pay the high $8's, low low low low $9,0's for the 50kers .. Where do they come up with these figures.?

                                Terry ;-)

                          
  • eyeblindeyeblind Member Posts: 156
    I put in a posting, a couple of days ago, to try to find out the trade-in value of my 2004 Nissan Quest SL, but haven't seen a response.

    I hope I'm not seeming to impatient.

    Can anyone help me out?

    Thanks,
    Eyeblind
  • steverstever Guest Posts: 52,454
    This was the Quest post:

    eyeblind Apr 15, 2004 6:20pm

    (guess who sent him here?)

    Akangl - bummer about the unwanted repo! Are you sure that guy isn't just a Cheechako and not a real Alaskan? I bet he didn't even get any ice classic tickets.

    Steve, Host
  • akanglakangl Member Posts: 3,282
    Its not his fault all this happened, we don't blame him for this. We truely feel for the guy, the blame lies with the shop that did the shoddy work on the t-case.

    We took the truck back to them and it appears all they did was take the t-case and rear driveline out of the truck, toss them in the bed and tell us it was nothing they did so not warranty and it needed over $900 in parts to fix it.

    We picked the truck up yesterday, its home, the t-case is being looked at by another shop.

    We are in the process of suing the original shop.......nothing but a bunch of thieves. If we can get the guy's money back through this we will, waiting for a call back from our attorney. This is all a big mess.

    I'm just sick about all of this. There is definatly no hard feelings towards the guy who wanted the truck, no way, its not his fault.
  • rroyce10rroyce10 Member Posts: 9,332
    ......... Thanks Steve ..

                 Right color, SL, no miles, bun warmers, back-up beep beep, side balloons, sounds like it has all the stuff and depending on where you live .. trade side, in and around the $22/$23ish figure, color and the miles save it .............. ;)

                          Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    .......... 99 Exploder XLT V8 AWD with 52k and the right color .. if it's knee deep in rubber, no-repaints, no Jack the Ripper interior, depending on where you live ... trade side, in and around the ultra high $7's, low $8's ...

             Down the street take a left and go another quarter of a mile, then turn right and that will be Retail Rd ... get a great detail, spend a few bucks on a great Ad, the service records on the front seat $10,499 *asking* and cut it loose for the first $9,5/$9,9 ... even though you say it's clean and nice, what will hold this one back will be the year and there is Kazillions of Explorers for sale .. so park the ego and grab the cash.

                 01 - 1 tonner Club Ecab XLT with 33k and the right color with the V10 ... I buy alot of these for the Airport services in Florida and Georgia, so if this has all the seats, hot and cold running air, power steps and all the options then the dealer probably paid the ultra high $12's, low $13's for it, add a this and a that, pack, then it probably hit's the table at "around" tall $13's ... me personally, I hope you pay $10 for it, but between you me and the microwave I have a feeling it will take $15ish, especially with new sneakers, these are not distressed merchandise, low-milers are hard to find in a Ext Club Cab 350 ........

                 Good luck and let me know ....

                         Terry.
  • isellhondasisellhondas Member Posts: 20,342
    You are a kind hearted person who tried to help someone down on their luck.

    The cynical side of me saw this coming however.

    It's hard to be a friend sometimes. I do wish you guys well on this.
  • eyeblindeyeblind Member Posts: 156
    Terry and Seve,

    Thank you for your response to my posting.
    I live in Phoenix Arizona. I checked all the Nissan dealers in the city. There are only two used 2004 Quests on the lots. Does that make
    a difference in the trade-in value?
  • akanglakangl Member Posts: 3,282
    He did fine the first couple months, then his hours got cut back and he couldn't make March's payment. We bent over backwards to try and help him. When we picked the truck up on the 9th to take it into town for the t-case problem I noticed he cleaned it out. He told us a week later he didn't want it back because he didn't want truck payments and repair bills. I think he just didn't want to tell us he couldn't afford the payments. He's a proud man. No hard feelings either way.

    No biggie, we kinda wanted the truck back, with gas prices the way they are it will save us money if I can get hubby to drive it instead of the V10.

    My next goal is to SELL the V10........*giggle* (yeah right, hubby would sell me first) I hate car payments.
  • govnahgovnah Member Posts: 3
    Hey Terry,

    I have a 1999 BMW 323i that I want to trade. It has 81,000 miles, Leather, auto, sunroof, and is EXTRA CLEAN. Edmund's says its worth $12,600 and KBB is putting $11,135 on it. Which is correct?

    I would like a Mazda dealer to give me at least $12,600. The vehicle is going through Manheim auctions on average for $13,600 with same year and similar mileage.

    What do you think?

    Chris
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