Real-World Trade-In Values

kyfdx · June 2004

Pistons.. It is amazing what putting a former Wildcat on your team will do....

driftracer · June 2004

he was held back by having to deal with all of Allen Iverson's whinings...

lancerfixer · June 2004

Last VIN, I absolutely promise.

Should I be worried about

YV1LS5673W2539342

?

This one is both closer to home and priced much more agressively. Trying get get the Finance Committee to approve the requisition.

bowke28 · June 2004

he did great...but dont get a big blue head over it. hes the first KY grad to get a ring in, like, forever.

i think larry brown was the REAL MVP.

to keep it on topic, i wonder how many people traded in their cars today that are pistons fans?

anonymousposts · June 2004

The Lakers still deserve some credit for making it to the finals even with all of Kobe's legal troubles this year.

kyfdx · June 2004

Nope...won't give them one ounce of credit.. I really hate that crap about the long suffering player who really deserves to get a championship in his last year. If Malone and Payton were that great, they should have led their own team to championships, instead of riding the backs of Kobe and Shaq (who has an Escalade, to stay on topic).

regards,
kyfdx
(who really couldn't care less... Go Wildcats!!)

anonymousposts · June 2004

I only watched a brief portion of the game but knew almost instantly it wasn't meant to be for the Lakers. Phil Jackson was a very unhappy camper.

Wonder what Shaq's Escalade is worth?

04 Escalade
Black with custom leather seats
"S" logos placed throughout interior and exterior
1,000 miles (only used to drive to the mailbox and back)
Middle seats removed and driver's seat pushed back for some extra legroom.
25" 24k gold spinners
Every available option including 10 tv screens, DVD player, Playstation, leather climate-controlled seats
Located in Los Angeles, CA

isellhondas · June 2004

What's that?

Am I the only person here who doesn't care?

lancerfixer · June 2004

Not at all, Isell. Not at all.

dekester · June 2004

Guess this is all about imports and SUVs....

Deke

lancerfixer · June 2004

It's all about Terry being busy running a dealership and volunteering his time here. Don't take it personally...just repost.

howac · June 2004

Hi Terry,

If you would be so kind to provide your expertise regarding our situation below, it would be much appreciated.

We're trying to sell our 2001 Honda Civic EX sedan with auto and side airbags. It's silver with gray interior and has 30,600 miles. The car is in good shape except for a couple of dings and scratches. It has new front brake pads and just had the 30k service done. We're located in northern California (SF Bay Area).

What should we ask for with a private-party sale? What should our bottom-line be? A dealer offered $9500 a few months ago. We're hoping to do better if we sell it on our own. Appreciate your help!

driftracer · June 2004

You didn't like what the guides say, you're really going to be annoyed when Terry gives you a reality check that shows your Oldsmobubble $2k back of those numbers...

enygma6 · June 2004

Terry: repost from last week, got lost in the shuffle. If you could give me an estimate on it, I'd appreciate it. Thanks in advance.

'97 Impreza Outback Sport wagon
67,000 miles, up to date on maintenance (dealer serviced updates at 29k, 45k, 60k miles - I bought it used at 29k)
dark green paint, minor scratches (typical inevitable minor parking lot dings), hood repainted 2 years ago (was keyed) - done at dealer's body shop so you can't even tell anything happened to it
Still looks and rides excellently.
new brakes (front discs, pads + rotors replaced, new rear shoes + drums resurfaced) at ~60k miles (about 7-8 months ago)
2.2l, automatic transmission, AWD
alloy wheels, A/C, dual front air bags, power windows, roof rack, fog lights, keyless entry, aftermarket CD/mp3 player
clean condition, not perfect but not abused, no accidents
I live in Illinois (near chicago) and purchased her in Michigan, so she has seen her fair share of weather (fortunately not hail) but no real damage and no surface rust.

She still runs excellently, but I am looking to purchase a new car and do not have need of a second vehicle.
Any help with fair market trade-in values would be appreciated so I know what to expect from the local dealers.

rroyce10 · June 2004

......... Hey! .. I'm busy going to stadiums and stealing baseballs from 4 year old kids ...

            Moving to F-L-A huh.? another Naw Yawker to clog up the highways .. I don't know who's worse, you guys, our the blue hairs.

             1998 Intrigue base, SilverMist, grey cloth, spoiler, AM/FM/Cassette/CD (single disc), replaced the original Goodyear Eagle LS tires last Summer with Yokohama AVID Touring. 37,9XX miles .. miles are low, color is good anywhere and it has new rubber.. IF it's a clean one, no I weigh 350lbs interiors, no I bounced off the Blimpys drive thru, then trade side in and around the mid/tall $3's, "might" "maybe" find a dealer that will drop the low low low low low $4's in it, but that's a big maybe ...

              ** Am I out of line looking for $5500? ** ..

             Actually this is a great vehicle for Retail RD, great detail and super Ad, $5,900 *asking* - and Wango Tango, you got your double nickels, or at least something close to it or sell it to Dad ........... bring your sunglasses ....

                       Terry.

rroyce10 · June 2004

.... ** Invalid VIN! Please check the number and try again- Invalid check-digit **

Terry.

rroyce10 · June 2004

VIN YV1LS5673W2539342 1998 Volvo 70 GLT
Event Date Event Location Odometer Reading Data Source Event Detail
07/15/98 MOLINE, IL MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL (Leased Vehicle)
08/14/98 MOLINE, IL 41 MOTOR VEHICLE DEPT. TITLE (Lien Reported) (Leased Vehicle) (Title #: T8226251040)
06/03/99 MOLINE, IL MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL (Leased Vehicle)
06/26/00 MOLINE, IL MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL (Leased Vehicle)
05/30/01 MOLINE, IL MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL (Leased Vehicle)
01/21/02 MUSCATINE, IA 37,547 MOTOR VEHICLE DEPT. TITLE (Title #: 70W294085)
01/21/02 MUSCATINE, IA MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL
09/24/02 MUSCATINE, IA MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL
09/10/03 MUSCATINE, IA MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL



              It seems to be ok - came off lease, been sitting around since 9/03(?) or perhaps it renews 04, about 50k.? ..

                           Terry.

lancerfixer · June 2004

Actually about 71k. It's a GLT with all the goodies (cold pack, etc.) They've got it priced at $7,900, which seemed low; wanted to make sure there wasn't any accident history or lemon law stuff. Thanks again.

rroyce10 · June 2004

   ............ It's been around the horn a few times, so I "would" have it checked out ...

              It's not so much the the 1k title exchange, it's the KS/MO/TX exchange I would have more of a issue with - this does "not" make it a bad vehicle, but it's had 4 owners, and Bimmers are expensive to maintain, so I would spend the $150(?) to make sure it's a nice driver, instead of spending $3,500 in 5 months to make it right ........

                        Terry.

rroyce10 · June 2004

...... Are you going to buy a vehicle in the next decade ....?

Terry.

lancerfixer · June 2004

Talk to Mrs. Lance about that one...if it were completely up to me that S90 would have been in my garage in January.

She's the anti-akangl; we paid off the Accord a couple years ago and she's discovered that life without a car payment is kinda nice (and I agree. Or, I would if my '89 weren't aging so rapidly.)

dekester · June 2004

I was beginning to think unless I had a BMW, Audi, etc I was blending in with the wallpaper!

The Intrigue has maybe five door dings and I detail it annually with three waxings in between. This was my first new car and if I knew what GM had in mind, maybe I would have gone for a Camry instead....

If I sell the Olds to Dad, I have my eye on a nice 71 Plymouth Fury Gran Coupe with 440, duals and 80K for "funnin' around" with....

Deke

lucya · June 2004

Hi Terry. I wm trying to figure out if I am right to feel that I'm getting ripped off. I have a 97 Subaru Legacy wagon with 81,000 miles. I had negoitiated a price for a new Honda Pilot. However, the dealer wanted to subtract the discount off MSRP I had negotiated ($1900) from the Kelley blue book trade-in value ($3400 - for car in fair condition) and only give me $1500. The car runs fine, everything works, and has new brakes. This didn't seem right to me. I did away with any value to my negotiating the discount. Am I being unreasonable? Thanks. Lucy

bowke28 · June 2004

i think they just had no intention of discounting the pilot. unfortunately, they used a seedy tactic to accomplish it.

my advice is to make an OTD offer, and dont worry about where they put the money.

woodyww · June 2004

As I understand Terry's post, this car has been titled in 3 states, including TX, with 4 owners, is that correct?

Am I right in thinking this is a real negative with an expensive German car? I know from reading Terry's posts that he knows how picky Bimmer buyers can be (as do I). ANYTHING that seems slightly weird can turn them off. And when you go to sell it, it'll be a 5-owner car. I mean, if this was a 15 y.o. 3 series with 150K miles for $5K it might not matter much, but it's not. Try putting an ad for this Baby in "The Roundel" if you want to sell it in a year or 2: "Only 5 owners, titled in only 3 states"...........oh, man!

All I'm saying is, I wouldn't be so quick to jump into this particular car unless you're getting an extreme bargain.

Also, I once bought a "low mileage" Pontiac in FL that had been thru an auction, & was titled in, TX. Later, when it developed engine trouble, I started to wonder if the mileage had been rolled back. And there was a piece on "60 minutes" about 10 years ago about Texas auctions & Titles & related chicanery.

Maybe Terry or some of the other knowledgeable people here could respond to some of this? This car is making me nervous, & I'm not even the one buying it.

cheers, Woody

****#19920 of 19925 Harf - from the Austin City Limits .................... by rroyce10 Jun 17, 2004 (7:51 am)

****  ............ It's been around the horn a few times, so I "would" have it checked out ...

              It's not so much the the 1k title exchange, it's the KS/MO/TX exchange I would have more of a issue with - this does "not" make it a bad vehicle, but it's had 4 owners, and Bimmers are expensive to maintain, so I would spend the $150(?) to make sure it's a nice driver, instead of spending $3,500 in 5 months to make it right ........

                        Terry.

harf · June 2004

Thank you both for taking time to educate me.

This car search is pretty taxing. I was going through the website of the same dealer and noticed a similar colored car pic posted in the "Cars sold before" by the dealership. The vin numbers matched. I think this dealer bought the car off the auction and since then the car has been to multiple customers from his dealership.

Couple of questions: Is it a bad thing to buy a bimmer off auctions ?
There is a place here that works with you and buys stuff for you from auction at a lower price. If this did not work out, I was thinking of going that route.

What would be a fair price for this car. I think I am going to pass on this one or atleast think very hard about it.

What other options are there and what would be a good price for say something like a 99-00 saab 9-3 convertible. I a few pages ago Terry advising someone on buying saab conv for cheap. What would it run?

woodyww · June 2004

I think buying a used 328iC is a great idea; it's on my short list of a possible 2nd car to buy. Buying a one or 2 owner car is a good idea, & the more documentation it has (service records, inc. the "stamps" in the service booklet), the better. Basically, take your time, if possible, & examine EVERYTHING about every car you're considering: possible former body work, history, etc. Even with a BMW CPO car. And low miles are good too, (duh). The latest used bmw I purchased had 11K miles, & was sold & serviced by the same dealer, one owner, & "glowed in the dark", as Terry would say.

A Saab 9-3.........personally I'd pick a used bmw 3-series instead. A 3-series is "probably" more reliable, & depreciates less.

Check out www.roadfly.org; & ask some of these questions on one of the 3-series boards, depending on which year/model you're considering. You will get an education. BTW, have you thought about just buying a brand new Mini? Or that new special hi-perf. Miata? With 17" wheels, etc., for what, $25K? Or a Honda S2000? Buying used takes a lot more research & knowledge.

Sorry if I'm getting OT for this board. And listen to Terry, he's the expert here; & a lot of other knowledgeable people here too.

good luck!

stickguy · June 2004

get the GLT. You'll thank me in the morning. Unless of course it turns out to be a dog, but you're in Iowa, so waht can you really do to me ?

Actually, if it is in nice shape, that sounds like a strong price on the GLT. I would have expected to see it listed at 10,999 at least, but I guess you are in a different market than NJ (don't know if that is good or bad for you , just different).

The 740 has done 15 years, so give it break. And, there can't be too much of a payment on an 8K car (I could see the Mrs. getting upset if you came home with an S60R and a 72 month payment book).

bowke28 · June 2004

"there can't be too much of a payment on an 8K car"

sure there can...banks wont loan money for long at that age...maybe 24 or 36 months.

lancerfixer · June 2004

FYI, My company's CU will do 48 months on a '98. I wouldn't want a note that long on a '98, anyway, unless I paid ahead and just had the lower 48-mo. payment available when the month was tight (a distict possibility with two young kids.)

kyfdx · June 2004

Yeah..lots of places will finance 48 months on ANY used car... Credit unions are cheap.. Bank and finance companies can get very expensive on older cars.. but, my bank is relatively cheap as well.

regards,
kyfdx

stickguy · June 2004

I just figure that the current car is worth something (2k?), plus most people have some cash available (another 2K?), so now you are down to about 4K +tax/tags. Even at 24/36 months, should be pretty low payments, and if they are still too much, you shouldn't be buying a car (or a pack of gum).

IIRC, 8K over 3 years is about $250/mo. +/-, not usually in the break the bank catagory, but as always, YMMV.

49 months on a 6 year old car? Sounds nuts to me. Pretty soon you end up owing 2K on a '97 Crapalier with 200K on the clock.

kyfdx · June 2004

haha... cheap shot about a cheap car.

I caught it, if no one else did.

akangl · June 2004

Hmmmmm, sounds like what my mom did (I'm sure you were thinking that too).

She bought the 96 Cavalier used in 1997, rolled neg from her Ford Probe. Ran the loan out 60 mos, then 4 years in refied it for like 48 mos or something. Walla........2004 and she owed $2k on a 1996 Cavalier with 207,598 miles on the clock.

jwats · June 2004

Terry:
19,000 Miles
In Minneapolis
Silver
tires with 75% trade remaining
No cosmetic or mechanical defects. Looks brand new.
All options ex Navigation.
Clean title, no accidents, coming off lease.

what should I pay for it? what would be a good price? what would be a steal?
thank you
John

explorerx4 · June 2004

did you 'fess up over here?

akangl · June 2004

Fess up to what?? *looks around innocently* I didn't do anything. *blinks eyes*

dbgindy · June 2004

Are you talking about her audition for Super Dave the Movie II??? :-)

Duncan

stickguy · June 2004

In the spirit of letting Terry know, I made a deal tonight. I decided to continue my mid-life crisis by being the first on my block to get a new Scion tC. I had them appraise my Maxima (mostly for laughs), but the hit my magic number so I'll let them have it.

1999 Max SE 5 speed, 48K, average cond. Last appraisal (different Toyota dealer on a Solara) was 6.5. This one hit it at $8,500, which IIRC was Terry's magic number, so they can have it to save me the trouble of selling.

With savings on tax, ad, MV fees, it will be like getting $9,200 private sale, and I don't think (unless the oracle tells me otherwise) I was likely to see above 10K selling it myself.

So, for convenience (and to avoid the pain my wife would subject me to if I had 3 cars of my own, plus her van), they can take it for me. Now, just have to wait for the new one to show up, and hope I fit!

Terry, you approve?

And just for kicks, I'm taking my Miata in tomorrow to see if they want that one too!

akangl · June 2004

More like *Blondes behind the wheel* AKA Scary Movie IV LOL

I still can't believe I crunched the Titan, least it was minor.

anonymousposts · June 2004

The tC looks nice. I currently have the car bug but am trying to fight it off. We have a 2003 Civic Si, 2004 Accord EX-L, and a 2004 Ody EX-RES that were all purchased within the last 10 months and I still can't stop thinking about what to buy next.... Does anyone know where I can sign up for Car Buyer's Anonymous?

akangl · June 2004

Well, I'm in need of a vice president in my club.......interested?? LOL, we meet daily otherwise we would all know where to find each other.

**MUST STAY AWAY FROM THE CAR LOTS**

anonymousposts · June 2004

Sounds like a job I am up for. Maybe we should have t-shirts and cards printed up that say "If you can read this and I'm at a car lot please SHOOT ME!"

Or just have some electro-therapy. Any time you walk onto a dealers lot you get an electric shock ...

pkcheng55 · June 2004

Hi Terry,
We're trying to sell our 2001 Acura Integra LS coupe with auto, ABS & sunroof. It's light blue and has 17,500 miles. The car is in very good shape except for a few of dings and a scratch. Im in San Francisco, California 94112.

I am looking to purchase a new Mazda 3s hatchback. What is the reasonable trade-in price for a brand?
What should we ask for with a private-party sale?

It would be much appreciated if you can help me!

jcat707 · June 2004

I love the new Scion Tc

lancerfixer · June 2004

Well, Mrs. Lance approved the requisition for either the S70 or S90 (my choice...) the catch (you knew there was one) is that I've got to sell the 740 first. So, if anyone needs a well-maintained '89 Volvo 740 5 speed, lemme know. :-)

akangl · June 2004

Sounds good to me!! Last thing I need to do is go near a car lot. Now the RV dealer is another story.......but hubby is keeping me in line there with his "we must stick to the plan" speech.

lancerfixer · June 2004

Where would you peg this one for a private party sale, Terry?

1989 Volvo 740 non-turbo, 5 speed.
Tan over black leather.
5k on new Bridgestones.
Paint is in as good a condition as one could expect from an '89, ditto the leather (actually the leather is remarkably well-preserved, with no rips and minimal wear along the bottom bolster.) It's got the typical '80s European car maladies of a sagging headliner (I ripped out the fabric, contenplating attempting a fix myself on this one,) cracked dash (show me a 740 without this) and busted A/C (a leak in the line, not the compressor. Thanks for small favors.)
139,000 miles, all records since new. I'm thinkin' this would be a good high schooler's "learn to drive a stick before getting into dad's Bimmer" car or a commuting beater. I'm thinking of having Mrs. Lance drive it down to campus with a For Sale sign in it...the question is, what would be an equitable number to put on the sign?
Obviously I'd give it a good spit 'n' shine.
Thanks...

rroyce10 · June 2004

....... ** Couple of questions: Is it a bad thing to buy a Bimmer off auctions ?
There is a place here that works with you and buys stuff for you from auction at a lower price. If this did not work out, I was thinking of going that route. **

Most of the Bimmers from the city of Lost Angels to the streets of Bean city come from the auctions .. dealers can't wait for nice merchandise, so they go to the auctions to buy them .. see, some folks think that nice cars are traded every second of every day, well kinda, but just not everywhere .l.o.l..

A Ford dealer probably doesn't have a use for a nice 530, or a Lexus dealer might be loaded up in nice vehicles that month and can't use another 325 or a 740i, so off to the auction they go .. plus there is oodles of nice clean ones that are coming off lease with low miles and the dealers need to "renew" their inventory, maybe that nice clean Acura just isn't moving, or perhaps that super clean 12k Benz C class just hasn't warmed the cockles of anyones heart, and most "smart" dealers don't like expensive vehicles sitting around 60/90 days, so off they go for a replacement .... but to answer your question, most come from there so I would have no fear -IF- you know the history and you have had it looked at real close, just like any vehicle .................

Terry.

rroyce10 · June 2004

...... Lot's of lenders will do 48 months and "some" will even do 54 months with bulletproof credit and a "stand tall" history ....

What lenders do you use in your area .. Lucky Louie's Pawn Lawn and Tractor repair ... ?

Terry

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