Real-World Trade-In Values

im_brentwood · June 2001

Hmm...

What book? Please say it wasn't VMR. They're pretty good on antique cars... but some to most of their Modern values tend to be a joke. From where I sit, overall, Edmunds is becoming the most accurate (Good job JH if yer reading this).

I'm not sure where they are priced at new, But knowing Toyotas they ought to have strong resale. Corollas always have done well, and Tercels always did pretty well. The weakest Toyotas always seemed to be Celicas if I remember...

The pricing on them seems to be all over the place, but it looks like $9K or so seems like a ballpark figure on what they're selling for wholesale with 20-25K on them or so. Puts retail at about $11-12K or so IMO.

The real high numbers seem to mostly pop up in California.

Does this kosher with what you're seeing?

Bill

lancerfixer · June 2001

"Kosher" is a verb? :-)

majorthomecho · June 2001

The source was KBB. What is VMR?

So you are saying that trade in value would be about 9k on a 2000 Echo with between 20 and 25 thousand miles?

I was thinking my source (for retail price) was a little high on the mileage, but if you figure that a 2000 model might have originally gone on sale in 1999, this would make it a 2 year old car so I guess the mileage is reasonable.

im_brentwood · June 2001

Yes,

Its' a Jersey/NYC thing

lol

im_brentwood · June 2001

Well,

I generally liken KBB retail to MSRP+ADM+$300 Tape Pinstripes+Undercoating on a new car.

20-25K is higher than I'd like to buy a 2000 at.. but its', in reality, not uncommon at all.

Bill

bretfraz · June 2001

I knew Greg would want a Jag XK8. The best choice for the lad.

I might be a Saab-drivin' dork but XK8's are the hot ticket for the single dude.

akangl · June 2001

Hi guys, just me again. For some reason this car has caught my eye. I have seen several high mileage ones for sale on Ebay, usually 120K-140K miles and the prices ranging between $6800 and $10,000. What would be a fair price for a high mileage Lexus? All of these cars were loaded and in nice condition. There is one for sale in Alaska, its a 97 ES300 with 59K on it, all the bells and whisles, pearl white, the dealer wants $23,995 for it, seems high to me. Anyway, just curious, I sure wouldn't mind a luxury car for the time being.

im_brentwood · June 2001

Yeah that's high alright!

IMHO, this is where you ought to be able to buy a lower mileage 99 or 98.

But that's also in AK.

ES300s are outstanding cars, just look for service records and makle sure the LCD DIsplays on the radio and AC work.

Bill

rroyce10 · June 2001

......... You better get a lifetime subscription of National Geographic -- and a free trip there, for that kinda dough......l..o..l..

But, you are in a market that is totally different from the norm --

State side, you would probably pay in or around $20,000 or less --- But, your in Alaska. I know you two have been lookin' for a while for different vehicles, and if this is one you truly feel comfortable with --- then go for it. The one thing that's always hard to find is ..low miles and nice clean vehicles. Combine the two, and it raises the price... that's just the flea's the come with the dog.

When I go to the auctions, I always look for nice, clean low mileage vehicle's ..and I pay the xtra $500/$1000/$1,500 that it takes to purchase them..

So, things are kinda the same ..but in different area's ...So, start at $19,000 and see how far you can go

Maybe this help's ..

Terry.

carguy5000 · June 2001

Good plug for the product as well as JH....I thought that we had something in common!! Keep up the good work!

btw...you were kind to our Echo friend, Im thinking eighty five bucks is all the macaroni for this rolling shoe box on its side with a slightly heavy clock.

majorthomecho · June 2001

Thanks for my smile of the day.

lancerfixer · June 2001

Eighty-five bucks will buy a lot of macaroni. :-)

jcthom4 · June 2001

What should I pay for a 2000 9-5 Aero : 27k miles
White, BBS wheels, wood steering wheel, ventilated seats, On-Star, and all standard opt.?

Any long ternm ownership comments appreciated : ie
are these costly to maintain for 10 years?

Thanks in advance!

akangl · June 2001

You guys sure you don't want to ship your used inventory here?? These prices are something else. As for that 97 Lexus ES300 that I mentioned in the earlier post, that price, $23,995 was the sale price, the original asking price was $27,950.........OUCH!!

Price wise I am going to try to stay cheap, hubby has decided to order a Harley this summer so that means that my car needs to be paid off by the time the Harley arrives next summer. No big deal, there are times I don't mind driving a high mileage car. He will reward me in the end with a brand new whatever I want. So, that said, I am guessing I will be looking for a high mileage 94 or 95 ES300. Either that or I will totally go off the deep end and buy a Ford Escort......lol.

Then again, I might decide on something different next week, but I doubt it, I have always wanted a Lexus. I still have plenty of time, there is a good side to not being in a hurry, I can buy what I want.

andre1969 · June 2001

Hey gang,

A lady at work is thinking about selling her 1997 BMW Z3 roadster. Any ideas on what it'd be worth?

It's a 2.8 V-6, pale silverish-blue, manual. No C/D player. Leather (but I guess that's standard). It has about 45,000 miles on it, and she lives in Maryland.

If she tries to put it in the paper and sell it, any ideas on what a fair price would be?

Thanks!
-Andre

im_brentwood · June 2001

Umm,

Where is it at? Auto or Manual?

Thanks!

Bill

im_brentwood · June 2001

Hmm...

$18Kish wholesale sounds in the ballpark to me... I think it's a $21,900 retail car.

Terry?

Bill

carguy5000 · June 2001

Agreed, high 17's wholesale (miles and color) mid 21's retail. The problem is there is no shortage of these on the market, coupled with good leasing and incentives on the '01's make this a tough one to move for "all da money".

jcthom4 · June 2001

It is an automatic and located in Ohio.
Thanks again!

im_brentwood · June 2001

Thanks

Hmm.... I haven't see results for one with that may miles on it running...

My guess, well...Put it this way, if it had 12K or so I'd say wholesale $27K, retail $30K or so.

So... $24-25K wholesale, $27-28K retail seems fair to me.

Bill

rworrell · June 2001

I know a guy in Cleveland who's looking for someone to take over his lease on a 2000 9-5 Aero, manual tranny, silver/black, Nordic Stage III upgrade (I think those specs are right). Let me know if you want more info--good guy, great car.

It would give you a chance to see how you liked the car with a less than 2 year commitment remaining on the lease--if all goes well, buy it out; if not, walk away.

jcthom4 · June 2001

Thanks in advance for the info :-)
I need to move quickly so I don't lose this other deal if the lease does not work out.

Again, thanks!

rworrell · June 2001

If you contact Norm, tell him Rick Worrell referred you--I don't know if he's already found someone for this deal or not, but I looked at the ad again and there's only 20 months remaining on the lease. You could look at that as just a very long test drive! Good luck--hope it works out for you. Let me know.

http://www.saabnet.com/tsn/class/9000.html#010529ncrowe

robr2 · June 2001

Guys - My in-laws are looking at possibly getting rid of the following AARP special:

99 Crown Vic LX
36,000
Gold, Leather, power seats, handling package, electronic instruments, air suspension - pretty much all the goodies.
New tires.
Flawless interior and exterior.
They are in Florida.

Thanks in advance.

jcthom4 · June 2001

Thanks for your help.
I checked the link...300hp? WOW.
Little more than I need and the buyout is the same as the current purchase on this one (although mine has more mileage and 70 less hp).

Cool car though :-)

rworrell · June 2001

Cool car, for sure. If I continue enjoying my Aero wagon as much as I have been, I might buy it at lease end and then do the ECU, etc. mods up to 300hp as well. Man, that would be sweet! Of course, the torque steer would be unbelievable at that much power...

im_brentwood · June 2001

Wow!

A gold Crown Vic in Florida! I havent seen one of them in seconds! ;-)

Good color, miles dont help it tho....

I'm thinking about $12,500 or so if its' clean.

Bill

robr2 · June 2001

for the info on the Crown Vic. Wow, they do take a hit. Think it would be any better up north in New England?

I'm not suprised you see those all the time although I thought the Grand Marquis (same difference) was FL's number 1 car. My MIL says there are so many of them at the mall, they have to use the panic alarm to find the car.

The 36K is from being new in Fall of 98 and summers in New England and 2 winter trips out west.

im_brentwood · June 2001

I'd say closer to $12,000-12,500 in FL (I was on the phone with 2 guys I sell cars to, they both hit it around $12K.. oops) Probably that or a little less in New England.

36K isn't high, when I looked at Auction results.. I saw one with 108K on it! Ouch! Course it also sold for under $7K IIRC. I've always said that if you drive a lot, that it's better to buy towards the end of the model year, Not only do you get lots of incentives, but if you drive 30K a year, you can trade every 2 years and not get punished.

Now, if it was Black/Black, definetly New England.

Bill

qbrozen · June 2001

didn't know where else to post this. Just an FYI since you MUST know this dealer. Its certainly the biggest one I know of:

http://www.app.com/news/app/story/0,2110,405625,00.html

Bought a new truck from them ONCE and brought it in for warranty work ONCE. Definitely underhanded dealings. Everybody I ever talk to about them has only dealt with them ONCE. (kinda makes you wonder how he got so huge)

im_brentwood · June 2001

I'm surprised it took them THIS Long!

I'd never work for him, much less buy a car there. It's the scum like that that gives us a bad name.

Bill

bravocharlie1 · June 2001

Any thoughts on trade-in value on a 97 Jeep GC Laredo, 2WD, 44800 miles, char-gold satin glo II color, excellent condition, southern calif. area??

raybear · June 2001

I have it at $9550, but I would still be afraid of it. There are way too many of them out there. May be tough to resell.

im_brentwood · June 2001

Sounds about right... $9,500 or so is current wholesale market on it.

Hope thishelps

Bill

bravocharlie1 · June 2001

Thanks for the input,,not exactly what I'd hoped to hear but I appreciate the numbers. Is this based on the reliability history for this particular vehicle or that there is a glut of them out there or ??? I don't see too many of them on the local used car sales lots and the ones I do are listed at $13-15

The KBB shows a wholesale of 11865 on it. I calculate that being a diff of over 2300. Is this normal for Jeeps? If so, I know what I'm NOT buying in the future.

audia8q · June 2001

....I took a bloodbath on Grand Cherokees, Explorer's and 4 runners the past two week at the auctions up here in New England....sorry not to give you better news. I have not seen Medium size and full size SUV's this soft, ever. The small SUV's are very hot but Explorers and Jeep GC's are selling at $2500 behind wholesale book and they are in huge supply.

Rich

akangl · June 2001

Is it true that the market on new Jettas is soft? That's what I was told several times today while trying to get a buy bid on my car. The VW dealer offered $15,521, the highest bid I got was from a small used car dealer and that was $16,000. There is no book out on the 01 Jetta, but I do know that nada loan value on a 2000 Jetta like mine is $15,500. (recap, my car is a 2001 Jetta GLS 1.8T, 5-speed, cold weather pkg, 8300 miles, and red). I can't believe that this car in 4 months has lost $3,875 off MSRP. I mean I might as well have bought a darn Kia. Guess if I can scrape up the negative equity I will sell it to that used car dealer that offered $16,000 for it. I am sooooo sick of car payments!!! My next car is cash only!!!

im_brentwood · June 2001

Well,

Lotta factors. Reliability, Current Market conditions, It's a 2WD 6Cyl, (No V8)...etc..

Most domestics have terrible resale value to be truthful. The new Jeeps have huge incentives, which whacks the resale values of the older ones down even harder still.

Plus there's the new body style..etc..

$11,865? Ouch. I dunno where they got that number from, but I plugged your Jeep into a program I have called Manheim Market report. It shows me what cars sell for at auction. However, its' for dealers who subscribe to their online service.

The only Jeeps like yours that are selling for $11,500-12K or so are ones with VERY low mileage. Like.. It'd have to have under 30K and Leather, Moonroof..etc. Oh, and 4WD.

Personally, I can't stand kbb.com I mean, they aren't helping anyone out IMO. Not helping us out, because customers get the info, its' incorrect and costs us deals or makes our job that much more difficult.

Doesnt help consumers out because the values are off and their retail values are outrageous.

That being said, if you got "hit" at $6K... Ugh. FInd a different dealer. What car is it that you're considering?

Bill

im_brentwood · June 2001

Oh, $3,875 off MSRP?

Buy a Hyundai Sonata or Cadillac Catera and see what happens!

That's really not bad when you think of it. Wholesale $16K, retail $18,500 ($1300 off MSRP) and I doubt they sell for MSRP (They may in AK).

Have you considered selling yourself? You ought to get $18K for it. I mean, if that used car dealer hit it at $16K.. What's he gonna sell it for? $18,500 at least is my guess.

Bill

akangl · June 2001

Guess I am just frustrated. Course it could be worse.......like the 99 Quest SE I traded in on the Jetta. That thing had an MSRP of $28,250 and by February of this year its value had dropped to a measley $19,500.......and that was all da money!! Most places offered $17,000 or less. Gotta love cars!

im_brentwood · June 2001

Buy USED silly!

To me, few new cars make a lot of sense to buy new. VWs are among them actually.

Bill

bravocharlie1 · June 2001

The dealer (Toyota) offered me 7700 for the GC. It is in excellent condition, always garaged and clean. I upgraded the stereo, tinted windows, bigger tires, etc. and didnt let my kids eat in it.

I might go back and use the 9500 number in negotiations and see where it gets me. I was looking at a Sequoia and we were actually pretty close on it's price.

Well, I've gotten a little education on this aspect of it so it's back to the table I guess!!

im_brentwood · June 2001

Gotcha. $7,700 is way too low unless its' been in a bad accident before and it doesn't sound like it has.

Seems really low to me. Unless they were at Invoice on the Sequoia and it was an underallowance or something.

I'd say you ought to be able todo $1,500-1,800 or so over actual invoice on the Sequoia versus $9,500 on your trade.

Still, I'd consider doing some shopping around a bit. Also, if they try sleazeball tactics.. walk. Buying from a store that does that only reinforces that garbage.

Bill

lancerfixer · June 2001

Just don't sell your Jetta to some poor Air Force E-3 who's got money to burn in his pocket and is looking for a cool ride. Do the poor schmoe a favor and tell him to buy a $500 beater...wish someone had done that with me back in the day.

bravocharlie, I noticed you listed some of the improvements you've performed to your JGC. I'm not a dealer, but I've spoken to enough of them to know that things like that can, if anything, hurt your resale value. A dealer can correct me if I'm wrong...

qwalls · June 2001

From a few messages back, it looks like it's a good thing I sold my Explorer when I did. I know Nissans typically don't hold their value that well, especially the Altima, but the new one looks like it will be pretty good. I'm considering it as an alternative to a used Acura RL. It seems to have a bit more personality/performance. The downside is there won't be any used ones for a while. Any thoughts?

http://www.familycar.com/RoadTests/NissanAltima/Index.htm

Thanks,
Quentin

im_brentwood · June 2001

I dunno.

Stereos add zip. They can hurt if its' a huge system with a rack of 12"s tho.

Oversized tires... I dunno. I don't seethem hurting it. They don't help. Now a set of 33" Mickey Thompsons will scare me a bit. Tint is nice, adds zip, but wont hurt it in hot LA.

Bill

im_brentwood · June 2001

I dunno... I mean, a V6 Altima with leather, roof Zenons? That's gonna be a $25K+ car I bet.

That's the car that will give Nissan Used car Managers nightmares...

I'd say no.

Bill

akangl · June 2001

I plan on buying used after the Jetta is gone. Very used........say a 1994 Lexus ES300 with over 100K on it. Its either that or by my friends 1983 Ford F-150 for $2000.

We bought my hubby's GMC used 18 months ago for $20,995.....not bad for a truck that was only 3 years old and was low miles. I imagine the original sticker was close to $35K since its a loaded up diesel 4X4.

rroyce10 · June 2001

......... Well personally I like the Vics and Marquis..but the miles, on this little hummer Bill, will keep it more towards $11,500/$12,000..

Clean 2000 LX's, leather and all the stuff with 10/12K are doing in the -mid-$15's..there is a bunch around, it looks like the show -Cops, at the auctions...l....o...l...

Z3's -- I would think high $17,000's right now -- If, I remember these folks, they are a close to DC..so they might pay a little more --- that's what happens when you live too close to George W. l..o..l..

Alaska -- Don't get shy with the Jetta, they do all the money at the auctions -- sometimes, if they have all the toy's and no miles ..you better get ready to through the book away..

SUV's -- The Exploders and Grand Cherokees are a little on the soft side right now -- along with the rest. It's summer and people do get that "short term memory loss" like I had mentioned back in march.april-- the "hot" SUV for the summer "seems" to be the Ford Escape. I just paid $21,000 for a 2001, slider, leather, tow pack, wheels, 4,400 miles etc etc ... I will see how they do today at the Ford Sale ------

Terry.

majorthomecho · June 2001

In post #2194, Brentwoodvolvo made the suggestion to someone, "Have you considered selling yourself?" Gee, Brent, isn't slavery outlawed? : )

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