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Real-World Trade-In Values

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Comments

  • driftracerdriftracer Member Posts: 2,448
    waste of your time.

     

    A quote from a recent article I wrote for "Intellichoice" magazine..."I recommend against a Better Business Bureau complaint – most BBB chapters are funded by local Chambers of Commerce, and your dealer is likely a member – a paying member – it’s in the BBB chapter’s interest to find against you instead of for you. I’ve very rarely seen a positive outcome (for the consumer) in a BBB arbitration."

     

    You can get the GM rep's info from your service manager.

     

    Please take this to e-mail, as a lemon law discussion doesn't belong here in RWTV..address is in my profile.
  • rroyce10rroyce10 Member Posts: 9,332
    Dec 06, 2004 (9:15 am)

    Bookmark | Reply

    Hi Terry -

     I'm interested in your thoughts on the following as a trade-in:

     Location: Germantown, MD

    Year/Make/Model: 2002 VW Passat W8

    Body Style: 4dr

    Engine: 4.0L 8 cylinder, 5 speed auto

    Driveline: AWD

    Mileage: 43750

    Color: Silver/Black leather

    Options: All standard options (let me know if you need these listed) + VW 6 disc CD changer and LoJack

    Condition:

       Interior - clean

       Exterior - some dings (license plate circles) and several light scratches on rear bumper, a couple of light scratches on doors (I park in a parking garage everyday)

       Tires - not sure how much they are worn, what's a good way to find out?

       Brakes - I don't have the numbers from my last service, but FWIW I was told that the front brakes looked good and the rear brakes need to be looked at in about 5000 miles.

       Maintenance - All scheduled maintenance performed by dealer, including the 40k service.

     I was offered 17,500 by a dealer (which eventually went up to 18,000). Carmax offered 18,000 yesterday, with all of their indicators showing "consistent for its age".

     Thanks,

    Lawrence

     

            ==================================

     

                 I bet you thought you would get missed, huh.?

     

                  02 Passat "W8", miles are almost kind of maybe ok, color is good for the area, all the standard stuff plus a few others ....

     

                 IF ~ we have no paintwork, no crash and burn interiors, deep sneakers and the service was done yesterday ... then trade side, in and around the mid/high $16's low $17's .. these are funny little critters, few and far between, few were built and few were sold .. so, if you can see $18,0 for it (real money) then ~ be there, cuz' thats ALL the money on the planet for a 45,000k Vdub V8 .. I bought one a few weeks back with 11k and puuuurfect, looked like a cover girl, paid $18,9 .............. :)

     

                 

                Let me know how it goes ....

     

                                  Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    **but I'm at auctions once a week** .... hmm, when did this start.?

     

                                    Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    Silver

    7,000 miles

    sunroof

    dvd player

    6 disc cd changer

    onstar

    leather/microfiber seats

    heated seats

     fully loaded except doesn't have xm satellite radio as only option I didn't want.

     what can i get for it traded in to a dealer vs private party?

     

                 =============================

     

                   In the land of the Packers .. we have a 04 Maxx LT, we have the V6 thing, we have the auto thing, we have the slider thing, we have the bun warmers and the hydes that go with ... if if if ~ no hits no runs no errors, no paint by numbers, clean, just a nice 7k driver .. then trade side, in and around the super tall $14's, low low $15's, might "maybe" could find a dealer to drop the tall $15's in it because of the short miles, maybe ..... down Retail Rd, superb Ad, glorious detail, $17,900 *asking* and wave goodbye at the first $16,9/$17,5 .......

     

             Like Drift mentioned, the dealer and/or the BBB have nothing to do with negotiations, thats a factory/regional Service Mangler thing ......

     

              Drift, you have your Maxx's mixed up with your Malibu's .....

     

                                                 Terry.
  • steine13steine13 Member Posts: 2,825
    Looking at the 1st gen Odyssey got me looking at the MPVs. They have a reputation for being underpowered '00 through '02, but other than that, they are simply smaller versions of the big boxes, good reliability, and apparently handle ok.

    They haven't been discussed much, except Terry, you once called them "another best-kept secret"... so give it up, what are they doin'?

    I looked at autotrader yesterday for a lark... good gravy, two years old for $19, great stuff... don't i recall someone buying one new last year for something unbelievable like $17?

    Anyway, thanks in advance as always, -Mathias
  • rroyce10rroyce10 Member Posts: 9,332
    ...... 02 LX's with all the stuff and miles in the 20/25k range are doing the tall $12's, low $13's ..... $19.? thats a fair asking price - if you live in Paraguay ... I would think you could snap one of these up for the $15ish zipcode, $16ish if you can't stand yourself ............ ;)

     

                                  Terry.
  • mikefm58mikefm58 Member Posts: 2,882
    One more time. I know folks are busy with the holidays, a ball park figure for tradein and retail would be greatly appreciated.

     

    Orlando Florida, 1994 Ford Mustang GT coupe,

    8 cyl, 106K miles, manual tranny, red exterior, tan leather interior.

      

    A/C, ps, pw, pl, tilt wheel, cruise, AM/FM Stereo CD, dual front air bags, ABS, power seats, rear spoiler, alloy wheels.

      

    Interior in excellent condition, some color fading on the bumpers, no dings or other scratches, new tires & brakes, up to date on all maint., no other body or paint work.
  • jlawrence01jlawrence01 Member Posts: 1,757
    Terry,

      

    I need your help.

      

    Here is a vehicle that I am posting for a co-worker. His lease on this vehicle is up in a month or two and he wants to know what it is worth. He has received a buy-out offer (did not provide it to me) and wants to know what he could buy a similar vehicle for it. Obviously, he will buy the vehicle if the numbers make sense but ...it is a T&C.

      

    Suggested Information for posting trade-in values:

    Location: Chicago, IL (Western Suburbs) Year/Make/Model: 2001 Chrysler Town & Country LX

    Body Style: Mini Van

    Engine: 3.5 liter, 6 cylinder, auto

    Driveline: Front Wheel Drive

    Mileage: 46,000

    Color: Forest Green Metalic (ext)/ Gray (int)

    Major Options: CD player, rear air, power sliding side door (p/s) and tailgate

    Condition: Good

    Details of interior and exterior, including dings, scratches etc.- 3 typical door dings, interior is in good shape, carpets need a shampoo job

    Tires - 50 % worn

    Brakes- New

    Maintenance- Good mechanical condiition

    Other: Indicate prior damage/insurance claims, repaints, etc.- None
  • rroyce10rroyce10 Member Posts: 9,332
    ...... Morning Mike ...

     

                   Lets take a look into Mickeys world .... sorry you got missed, but I'm still cleaning up after the Xmas party (hmm, I wonder what that is, it looks like) ....

     

                    Anyway ..... on Goofys street we have a 94 Stang GT coupe', we have 110k, we have some typical faded red paint, knuckle buster, tan guts, abs, power pack, new stoppers, round things and a spoiler (and a partridge in a Pear tree) ..... if the clutch is strong, the air is cold, just some Florida fade .. then trade side, in and around the tall $2's, low/mid $3's, maybe might "could" find a dealer to drop the tall $3's in it -if- it's super nice and super clean, maybe - but $3,5 would probably just about kill it ..... great vehicle down Retail Rd, a come to Jesus detail, a great 4/5 liner Ad in the Sentinel, $7,900 *asking* and cut that bad boy loose for the first $6,0/$6,9 .... I bet it won't take long if you do it right .......................... :)

     

                          Let me know ...!

     

                                    Terry.
  • driftracerdriftracer Member Posts: 2,448
    About 6 months ago, I go to Hatfield just about every week.

     

    Hatfield Manheim is less than 2 miles from my new house...

     

    Also, I go occasionally since I've been working with that local auto group (no names mentioned)..
  • rroyce10rroyce10 Member Posts: 9,332
    ..... In Chi-town ... we have 45k, we have that green thing going on, LX 3.3, rear breeze, power slide .... you know the deal by now, no hurricanes, no floods, no terrorist attacks .. sounds like the mid $7's, might maybe see the low low low $8's at the auction, miles save this one ....................... ;)

     

                                      Terry.
  • stickguystickguy Member Posts: 53,347
    Repost, since Terrys macrame class seems to be on a break:

     

    Helping someone at work (and kinda interested myself...

      

    behind curtain #2 we have a:

      

    2003 Protege 4 door, ES model. Southern NJ (Phila metro)

    Black in and out.

    Clean, with all service records. No runs/hits/erros.

    20,000 clicks.

    a 5 speed manual, power package (locks, etc), 6 disk tunes, and the moonroof

    I don't think it has SAB/ABS, but how much extra if it does?

      

    This is purely for private retail road sale.

      

    Thanks in advance.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • mikefm58mikefm58 Member Posts: 2,882
    Thx for the info. Terry, greatly appreciated. I was posting for a friend and just found out he sold it for $4400 after placing a super duper ad in Auto trader. He thought he was asking too little since it sold quick and the guy was so ecstatic. Oh well, live and learn I guess. He priced it based on the NADA value which just goes to show us, it's not a real world value, not even close.
  • mikefm58mikefm58 Member Posts: 2,882
    Posting for another friend, he's already braced himself for this one. I've heard the value of these drops like a rock.

     

    1995 Chevrolet Z28 Camaro convertible

    Orlando Florida

    28K original miles, LT1 8 cyl. engine, auto, RWD, red exterior, black interior, PS, PB, PW, PDL, cruise, interior and exterior in excellent condition, up to date on maint, deep tread on the tires (1 yr old and 3K miles), original brakes.
  • rroyce10rroyce10 Member Posts: 9,332
    ..... I dunno what book he was reading, but:

     

      Low Retail Average Retail High Retail

    Base Price

      

      $5,325 $6,575 $7,475

      

    Mileage

      

    100,000 miles $266

      $266

      $266

      

      

    TOTAL PRICE $5,591 $6,841 $7,741 *

     

                 No wonder the buyer was ecstatic .... it was probably a dealer and he just sold it for $6,500 ..l.o.l.....

     

                                  Terry :)
  • rroyce10rroyce10 Member Posts: 9,332
    ....... 95 Z28 convert .. miles are waaaay loooow, Vette motor, good color for the vehicle, black guts (ouch) ....... If ~ the top is like new, no frays, no rips, interior is nice, no I sat at the beach too long and needs replaced, no love bug attacks, just a nice one that looks/feels and drives like an 02 with ice cold breeze , ya know - just a "stand tall vehicle" .... trade side, in and around the ultra tall $5's, maybe the low/mid $6's depending on the condition and the dealer .... me personally, down Retail Rd it would go: $9,495 *asking* look sad and sniff and cry at $8,5/$8,9 - but take it ............... ;)

     

                                   Terry.
  • qbrozenqbrozen Member Posts: 33,736
    good to see you back, terry!

     

    here's a copy and paste:

    '00 32K miles E320 Gold on tan. All standard loaded stuff with the slider. Seems to be "in the wrapper," but, for some reason, no CD player???

    Any idea what the price is on this in NJ, Terry? Dealer is asking $19,995.

      

    I found myself not really "smitten" with this car, though, and really think I'd be mad at myself if I traded my Volvo for it.

      

    So, having said that, I want to go check out some used S80 T6s and see how those feel. So, could you give me a realistic number on the following:

    '01 T6 38K miles. Blue over grey. Usual loaded up stuff. No bun warmers and no Nav. Price is $17,495, which seems low? But, that's why I'm here asking about it.

      

    AND, while we're at it, what would an '00 T6 just like it go for?

      

    As always, thanks.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • flasvtflasvt Member Posts: 64
    Location: Hollywood, Florida

    Year/Make/Model:2003/Ford/SVT Focus ZX5

    Body Style: 5dr

    Engine: 2.0 SVT Zetec, 6 speed manual

    Driveline: FWD

    Mileage: 26,000 miles

    Color: Black/Black leather, Red cloth inserts

    Major options: HID lights, heated seats and mirrors, traction control, sunroof, audiophile sound system w/sub w.

    Condition:Perfect. All service performed, all service records available.

    Other: N/A

     

    Traded in for a Mercury Mariner Premier.

    Trade in Price: $13,500. The exact amount that Edmunds suggest for this car in this area. I did bring all my records as well as a print out of Edmunds report as well as all service records out of the myford website. They tried to pay 1,500 less, but that wouldn't work for me. Bring your Edmunds reports, it helps a lot.
  • jlawrence01jlawrence01 Member Posts: 1,757
    Thanks again for all your help. Hope you have a great holiday.
  • jaserbjaserb Member Posts: 820
    Ahem...

    "don't i recall someone buying one new last year for something unbelievable like $17?"

     

    That was me. $17,615 to be exact, on a van with a MSRP around $25,4. That was a loss leader, but deals in the 18-19k range new seem to be fairly common.

     

    "apparently handle ok."

     

    They handle really well, to the point of inspiring a bit of hooliganism - or at least tolerating it. My wife was not amused with my handbrake turns on the slushy roads through our little "drive through" Christmas light show...

     

    -Jason
  • nguyen18nguyen18 Member Posts: 4
    Location:winter park, fl

    2001/honda/civic

    2dr coupe

    1.7L 4cly. auto turbocharged

    FWD

    mileage:55900

    black

    MODS: turbo, intake, intercooler, rims, exhaust, v-tec controller, pulley system, headers, and custom manifold

    CONDITION: part of the clear coat on left side faded or gone, minior dents, and little bit of fadedness on inside of door pockets (they are plastic)

     

    'what would be the real value of the car...the dealer said KBB value was $18885 mods, but i couldn't find the version they had....all other sites gave me a qoute of $11-12K....is there a KBB book that lists aftermarket prices that are included in the car?
  • driftracerdriftracer Member Posts: 2,448
    Modifications DO NOT add value in the real car market, and that dealer is trying to scam you hard.

     

    Factor in a necessary partial or total repaint, and the car should be worth $2-3k less than book...

     

    They turboed an automatic?? Who did the work? Do they have documentation? It could have been done by Bubba Gump's Auto Tuning, home of the biggest shadetree on the block...

     

    There is no NADA adds for an aftermarket turbo or other mods, save for a couple hundred dollars.
  • steine13steine13 Member Posts: 2,825
    What drift said: Run away.

    Typically, you SUBTRACT for that junk.... as in, take money away, as in, forget it.

    Want mods? Do your own, pay a good shop, whatever. But the car is worth less than a stock one, at least to a dealer.

    I didn't even catch the auto/turbo thing. Good heavens, who did that job, Vlad the Impaler?

     

    Congratulations on coming here first, though.

    -Mathias

    (not the expert, except for softballs like this one)
  • driftracerdriftracer Member Posts: 2,448
  • qwallsqwalls Member Posts: 406
    Hey Terry, welcome back. Don't worry about the previous Legend. This one is in FL. I talked to the owner this evening.

     

    '95 Acura Legend LS (pretty much everything standard)

    Sarasota FL

    Dark Green/Tan

    105k miles

    All service current, all fluids changed regularly, new front brakes and radiator

    Interior - good condition except for slightly worn driver's seat.

    Exterior - Roof has been painted (Florida sun)

    Trunk needs to be painted

    Dent on front of the hood was repaired.

    Asking price is $7000

     

    What do you think? I'm still doing a lot of looking at this point for a '94 or '95 Acura Legend Sedan LS or GS.

     

    Thanks,

    Q
  • rroyce10rroyce10 Member Posts: 9,332
    Repost, since Terrys macrame class seems to be on a break:

     Helping someone at work (and kinda interested myself...

      behind curtain #2 we have a:

      2003 Protege 4 door, ES model. Southern NJ (Phila metro)

    Black in and out.

    Clean, with all service records. No runs/hits/errors.

    20,000 clicks.

    a 5 speed manual, power package (locks, etc), 6 disk tunes, and the moonroof

    I don't think it has SAB/ABS, but how much extra if it does?

      This is purely for private retail road sale.

      Thanks in advance.

               =======================

     

           "Macrame", I don't think so .. I passed those classes last year, it's the pine needles art collection for this year ...

     

                The Protege ES, always a best pick, but never picked ... good color for the area, slider, 20k, power pack and maybe have the abs/sab's, but we do know it's a handshaker ... it's not "how much" for the bags and brakes, it's how quick they sell and/or how little one has to discount the vehicle, if ya know what I mean .... down Retail Rd, $10,495 *asking* and $9,5/$9,9 gets a new owner ..... what are they asking.?

     

                                   Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ...... No sale green, 105k, new stoppers, new radiator (Why, did the old one get hit by a telephone poll.?) needs some paint ....... 2dr -- 4dr -- meat clever.?

     

                                  Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    Your welcome ............... :)

     

                                Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ..... Just took a few days off and ran to the Keys with the g/f ...

     

    here's a copy and paste:

    '00 32K miles E320 Gold on tan. All standard loaded stuff with the slider. Seems to be "in the wrapper," but, for some reason, no CD player???

    Any idea what the price is on this in NJ, Terry? Dealer is asking $19,995 .......... CD.? believe it or not, some of these old Benz buyers don't do music, maybe it's a hearing aid thing, I've seen em' before - no tunes, but it's the right color and no miles .. $19,900 is a very good street price, they're doing almost that at the auctions, (super service, great history, deep sneakers, no paint work, etc, etc) .....

       

    I found myself not really "smitten" with this car, though, and really think I'd be mad at myself if I traded my Volvo for it.

      So, having said that, I want to go check out some used S80 T6s and see how those feel. So, could you give me a realistic number on the following:

    '01 T6 38K miles. Blue over grey. Usual loaded up stuff. No bun warmers and no Nav. Price is $17,495, which seems low? But, that's why I'm here asking about it ......... they're doing the $15's and some change .. $17,495.? sounds like it's tumbleweed time and he's trying to move a unit ...

      

                AND, while we're at it, what would an '00 T6 just like it go for? ....... 00's, nice and clean with 40/50k are seeing "around" the tall $11's, low $12's - $14's on the Retail side .....

      As always, thanks.

     

                                   Terry.
  • qwallsqwalls Member Posts: 406
    No sale green, 105k, new stoppers, new radiator (Why, did the old one get hit by a telephone poll.?) needs some paint ....... 2dr -- 4dr -- meat clever.?

      

                                  Terry.

     

    ----------------------------------------

     

    Oops, I'm slipping. 4dr, Automatic.

    From what I've read, needing a new radiator in the Legends is pretty common after 8-10 years.

     

    Thanks,

    Q
  • corvettecorvette Member Posts: 11,281
    What they said. I'm not sure if an auto can handle a turbo in those cars, you don't add for performance mods on a used car, and the only good reason for the clear coat to be peeling on the left side is that it was hit and repainted, and the bodywork is now falling apart.
  • akanglakangl Member Posts: 3,282
    Ok, I got lost in the ruckus......how about this one for one of hubby's co-workers.......

     

    1998 GMC Sierra 1500 SLT x-cab shortbed 4x4, 5.7L V8, auto, silver/grey, loaded up.....leather, pwr goodies, am/fm/cd, the usual SLT junk. Truck is in good shape for its age, newish tires, aftermarket alloys, dual exhaust. Oh and the miles........150k!

     

    Anyway, the guy is convinced that the truck is worth $9k trade.....he says Cal offered him $11,500 in July. I'm thinking $3k-$4k is all the moose coins and a bag of moose nuggets. Whatcha think??
  • stickguystickguy Member Posts: 53,347
    The 2003 ES, asking 11,800 I think. There was a bit of needing to get what they owe out of it, but I'm not sure what that is.

     

    I was guessing about 10K if it was nice. Sounds like a lot of car for the high 9s.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • rroyce10rroyce10 Member Posts: 9,332
    ........ No rust, no big dents, deep sneakers, no major fix-me-ups, no Moose hits, serviced from day one, no click click in the 4wd and it looks/feels drives like 70k ... if so, the high $5's low/mid $6's trade side ...... $9,000.? .. ok, I have this piece of property in the Everglades and it's real nice, a little damp - but .................... ;)

     

                                   Terry.
  • driftracerdriftracer Member Posts: 2,448
    can you take a look at "Purchasing at the End of Your Lease"? A new member is going to drop info on their Bravada, and she needs an opinion on value.
  • kyfdxkyfdx Moderator Posts: 265,616
    qwalls...

     

    Cincinnati Enquirer today. (you live in Columbus, right?).

     

    '95 Legend..white. no info.. $3999

    '95 Legend coupe..green. exc.cond. $5600

    '94 Legend L coupe. black, manual, $5999

    '93 Legend LS, new paint(?), 134K, $4800

     

    regards,

    kyfdx

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

    Edmunds Moderator

  • mjfloyd1mjfloyd1 Member Posts: 3,806
    I had a 98 E320 and it had a cd changer in the trunk which could be controlled from the head unit. Check in the trunk, I believe the cd changer was on the far left (drivers)side and it had a cover over it made of the same trunk lining.

     

    By the way, Terry, I really do like the mdx. Thanks for the info.

     

    Mark
  • qbrozenqbrozen Member Posts: 33,736
    yup. that's apparently how its supposed to work. it was missing from this one, though.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • robr2robr2 Member Posts: 8,805
    Terry - it's not mine but you missed this one here while you were off in the Keys - we're waiting with baited breath. Some of the regulars already pointed out the 4 strikes.

     

    #23582 of 23680 audi A4 trade-in value by lngtonge18 Dec 08, 2004 (8:20 pm)

     

    My parents are trying to trade in a 2001 A4 1.8t FrontTrak with 56k. It's black with gray cloth, 5 speed, sport suspension package, 16" alloys, power sunroof, homelink, autodimming rear and side view mirrors, CD player. Interior and exterior is in good shape with only some scratches on the rear bumper. Car was dealer maintained until 50k. They live in West Palm Beach, Florida (33458).

      

    So far, they have been offered what I feel are ridiculously low trade in values. The Acura dealer started at 8k and then went up to 10k but said they wouldn't go any higher. The Infiniti dealer basically said they didn't want to insult him with their offer but stated they would only offer him $7500. The salesman went on to explain why they were offering such a low value by stating the rear passenger door appears to be repainted because of tape marks and there are paint blemishes on the roof near the drain rail. This car was bought new by my parents and stays in a garage. It was never wrecked in that door and the remark about the roof just floors me because I've never seen a dealer look at the roof that closely. To be honest, I'm quite baffled. When they bought their Audi, the A4 had one of the highest resale values. Have values really tanked that bad on the A4? I know the cloth hurts the value some, but otherwise, it has a good mix of options. What is the best trade value they can expect on their car? My brother is also worried since he owns a similar car (his 01 1.8t has quattro, xenon, 17" alloy, and leatherette) and is wondering whether he should get rid of his car before his mileage gets too high (he has 20k now). Does he have cause to be worried or are these 2 dealers just a fluke?
  • stubborn1stubborn1 Member Posts: 85
    Looks like my better half is getting tired of hauling around 2 small kids in her Grand Prix, so its time for a minivan.

     

    I'm going to sell the car myself, so I'm looking for a good newspaper listing price and a cut it loose from the herd price.

     

    Selling:

     

    Milwaukee metro area

    2000 Pontiac Grand Prix GT

    4 door, silver exterior

    56k miles

    sunroof

    cloth seats

    auto climate control, power this and that, etc

    good condition inside and out

    no accidents, no dings

    all regular maintenance to date

    newer tires and brakes

    extended warranty good for about 9 more months

     

    I'm looking for a good value on a used minivan. The following one looked pretty decent to me. What range could I expect to pay for something like this:

     

    2003 Ford Windstar SE

    29,000 miles

    blue exterior

    rear heat and air

    quad seats

    keyless entry

    all the usual power accesories for the trim level

    tires are original

    body has one ding, but in otherwise good shape

    interior is clean

     

    Thanks for the help
  • kscctsksccts Member Posts: 140
    Knoxville TN

    2001 BMW 530i

    Automatic

    42,000

    Silver on gray

    Sport package, premium package, Xenons, power seats, CD player but no changer

    Exterior and interior in very good condition

    Tires 20% worn

    No hits, no runs, no errors

    All maintenance up to date

     

    Thanks, Terry! You rule!
  • cheerioboy26cheerioboy26 Member Posts: 412
    Terry,

     

    Friend of mine down in TX is interested in purchasing this vehicle. What's a fair offer? Assumption is interior/exterior in good shape.

     

    Temple, TX

    04 Maxima SE, 5AT

    Exterior Black, Interior Frost Leather

    VIN 1N4BA41E34C830490

    Mileage 14,350

    Sale price $26,980

     

    A/c, power, tilt, sunroof, Bose are the major options according to its website listing. Hopefully the VIN can fill in any details I have missed. Can you post its history?

     

    Thanks.
  • mtomeo1mtomeo1 Member Posts: 6
    Hi guys. I have a leased vehicle I'm trying to get out from early (I have my reasons). My thought was, trade it in for a new car, take the negative equity hit, and roll (most of) it into my new loan. Thing is, I'm nt sure what value to go by and how to calculate negative equity.

     

    First, here's the car:

    2003 BMW 325xi

    24,500 miles

    Good-Exc. condition (still has new car smell!)

    Included Options:

    - Titanium Silver Metalic

    - Gray Leather Interior

    - Cold Weather package

    - Premium Package

    - Automatic Transmission

    - Premium Sound (Harmon Karden)

     

    Some dealers are giving me a trade-in value and subtracting that from my payoff ($29,352.07). Others are saying I owe my monthly payment times the amount of payments left ($8k or so). I'm leaning towards the former and I need to know if I have a leg to stand on regarding my trade-in value. Can I assume a dealer will work this way?

     

    Dealers are ofering me 22k, 23k for the car but I need to know if I can negotiate higher. There are a lot of nice rebates out there and I may be able to use them to offset my negative equity. Given the right circumstance, if I can negotiate up to 25-26k, I may only have to pay MSRP for a car:

    29k payoff - 25k trade-in = 4k negative equity.

    Apply a 3k incentive towards negative equity and that leaves 1k tacked back onto Invoice.

     

    Assuming I can even go this route, how far up can I negotiate my trade-in? BTW, I live in New England so I assume AWD is a bonus up here...I would try to sell it myself, but I want to get in on the incentives before year-end if possible.

     

    Am I living in a fantasy world?!?!?

     

    Thanks in advance!!!
  • kyfdxkyfdx Moderator Posts: 265,616
    not the expert...

     

    I'm guessing that $22K-$23K is real money for your car..

     

    The dealers that are subtracting that from your payoff are buying the car from you and they are correct.. the others that tell you that you have to make your payments.. They aren't taking your car in trade.. they are just turning it back into the leasing company..

     

    So, both of them are right, but you want to deal with the first ones.. the dealers that will take your car in trade..

     

    And.. yes, you are living in a fantasy world.. $7K-$8K is probably closer to the hit you will take than $3K-$5K..

     

    The best advice is to live with the car until your lease is up.

     

    Or.. try swapalease.com.. You won't get it done by the end of the year, though.

     

    regards,

    kyfdx

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

    Edmunds Moderator

  • corvettecorvette Member Posts: 11,281
    Did I get it right that you've had it almost two years and owe $29K? Ouch. Anyway, careful with the lease swap sites. You need to have BMW Financial Services assign the lease to the "buyer" and release you from your original obligation. I don't know if they'll do this or not. You will probably have to pay the difference in values as an incentive for someone to assume the lease.
  • qwallsqwalls Member Posts: 406
    Cincinnati Enquirer today. (you live in Columbus, right?).

      

    '95 Legend..white. no info.. $3999

    '95 Legend coupe..green. exc.cond. $5600

    '94 Legend L coupe. black, manual, $5999

    '93 Legend LS, new paint(?), 134K, $4800

    -----------------------------------------------

     

    Thanks Kyfdx. Yep, I'm in Columbus. Thanks for posting these. I want a '94 or '95 LS or GS sedan, and based on the prices I've been seeing, the first one probably either has a gazillion miles, or looks like crap. :-) I posted what I wanted on a couple acura boards, and have already gotten some leads. Hopefully the right one will turn up.

     

    Q
  • corvettecorvette Member Posts: 11,281
    Qwalls,

    Isn't it about time for you to join Chronic Car Buyers Anonymous?
  • qwallsqwalls Member Posts: 406
    Nah, I have a long ways to go. This will only be the 3rd car I've bought this year. :-) It sounds worse than it is.

     

    Let's see...since 1980 (age 16.5)

     

    '80 bought '79 Chevy Chevette

    '84 sold chevette, bought '84 Buick Skyhawk

    '88 bought '88 Honda Accord, traded '84 skyhawk

    '93 bought '91 Accord (for wife)

    '96 Sold '88 Accord, bought '97 Ford Explorer

    '97 Bought '85 Madza beater, donated to charity

    '97 Bought '90 Geo Prizm

    '99 Bought '96 Avalon (wife), traded 1990 Prizm

    '01 Sold '97 Explorer

    '01 found this wonderful place and Terry and Bill

    '01 sold '91 Accord, bought '93 Accord

    '02 bought '99 Lexus LS400

    '04 sold '93 Accord, sold '99 LS400

    '04 bought '04 Sienna (wife), bought '05 Acura TL

    '04 working on selling '96 Avalon and buying '94 or '95 Acura Legend.

     

    See? Not even close to Ak. :-) Look at all of those years with no car buying activity.
  • eddieweddiew Member Posts: 6
    2001 Oldsmobile Aurora

     

    Planning to get a Certified 2001 3.5L Olds Aurora (one owner, off lease) with:

    25000 miles,

    silver color,

    leather,

    CD player,

    On star,

    moon roof

    dual zone hvac

    power seats

    remote starter

    for $12000.

     

    Is this a good price?

    The sales manager is asking $1200 w/ $100 deductable for a 3yr/30000miles bumper-to-bumper GM warranty...seems pricy to me...

     

    Many many thanks!
  • akanglakangl Member Posts: 3,282
    They offered him $5k at the Chevy dealer, he was PISSED!!! He says they have come up to $7k........I smell overallowance big time. He still says its worth $9k and doesn't want to take any less. I did forget to add that its a smoker's truck, YUCK!!!
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