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Real-World Trade-In Values

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Comments

  • stickguystickguy Member Posts: 53,338
    FWIW, that's the way I would have speced out the VDub.

     

    Also, if you have the money to accelerate the payments, don't worry about negative equity. You could always put in the cash at trade-in time if you would rather hang on to it now (best option probably depends on the APR and your cash needs).

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

  • aggie1995aggie1995 Member Posts: 318
    Trying to Sell: Need Trade in and Private Party Price

      

    2002 Honda CR-V

    EX Trim

    Auto Transmission

    All-Wheel Drive

    46000 Miles

    Location: Dallas, Texas 75247

        

    Exterior: Burgandy

    Interior: Tan

        

    6 Disc CD + Cassette

    Sunroof

    Privacy Glass

    Cloth Seats

    Alloys Wheels including full size spare

        

    1 - Owner

    Dealer Maintained - Have All Records

        

    No Exterior dings or scratches.

    Interior very clean, doesn't smell, no stains, no scuffs

        

    Tires replaced at 35,000 miles
  • inmassinmass Member Posts: 4
    I want to sell my Jeep Gr Cherokee Limited, it's in good condition, I have had it for 3 years and no problems. It has a salvage title from a fire in the back of the car (previous owner). I am reluctant to deal with a private party and want to sell it aseasily and conveniently as possible. Best suggestion from anyone out there? Should I take it to a dealer? These are the stats on the car:

    location: Boston, MA

    1996 Jeep Grand Cherokee Limited

    4dr SUV

    6 cylinder, automatic, 4WD all the time

    72k miles

    Burgandy ext/Black leather int

    Good condition only a couple little minor dings

    4 Brand new tires, new battery, regular maintenance

     

    Thanks for any help!!!!!!
  • frankdnjfrankdnj Member Posts: 21
    "as easily and conveniently as possible" + salvage + 1996 = not much

     

    There are so many of these out there, I couldn't see a dealer offering very much. The low miles might save it as a private sale, but you will have to take the salvage title into consideration when you price it. That will scare a lot of potential buyers away.
  • beckyo2beckyo2 Member Posts: 24
    The Sienna is an LE with pkg. BW
  • jlawrence01jlawrence01 Member Posts: 1,757
    On a purely financial basis, I think that you are crazy to sell it if your description is accurate. You are going to get almost nothing for it and it sounds like it is a pretty decent ride.

     

    Personally, as a buyer, I am going to look at the salvage title and discount what I am going to pay BIG TIME. And what would the Explorer be worth with a normal title.

     

    If I were in your shoes, I would suck it up and plan to drive the car until the wheels were ready to fall off.

     

    Just my 2 cents on the matter.
  • rroyce10rroyce10 Member Posts: 9,332
    St. Louis, MO

    2004 Toyota Sienna LE

    19000

    grey/grey

    alloys, 3 row air bags, VSC, traction control, 1 pwr. door, rear audio

    just back from a full detail [$265 total, dent removal and full detail] really just a little ding and scrape

      Thanks again, Becky

     

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

     

              In the Land of the Rams, or at least close to ...

     

                 04 2wd Yota Sienna LE with 19k .. we got gray and some more gray, we got some of them wheel thing's, side balloons, one power door is better than none and you just had a visit with Dr Dent and a come to Jesus detail, sounds nice, miles are a little on the tall side ..... I read from your other post it's just a EL' Dingo, no biggie .. so, if it's as nice as you say it is, then trade side, in and around the super tall $19's, low/mid $20's, maybe the low low (did I say low.?) low low low $21ish figure depending on the dealer, maybe ... I see Yota just dropped a bunch of these dudes off in your region, so let me know what happens .................................. :)

     

                                     Terry.
  • gooddeal2gooddeal2 Member Posts: 750
    Hello again Terry,

      

    Just wonder how much I can get for my trade:

      

    Suggested Information for posting trade-in values:

    Location: Philadelphia, PA

    Year/Make/Model: 2004 GMC Envoy XL

    Body Style: SUV

    Engine: 4.2 liter, 6 cylinder, auto

    Driveline: 4WD

    Mileage: 2100

    Color: exterior: Silver/interior: Dark Pewter

    Major Options: alloys, power driver seat, towing package, on/off road tires

    Condition: Excellent, 3 months old car, bought it brand new so almost full warranty left.

     

    Really appreciate any inputs.

     

    Thanks.
  • krwest1krwest1 Member Posts: 79
    Looking to trade or sell myself.

     

    2003 Nissan 350z Enthusiast located in Northern Virginia.

    6 speed manual

    15,000 miles

    Silverstone (dark gray) over black cloth interior

     

    Interior is in like-new condition. Exterior has no dings or scratches. Tires about 50%. All maintenance up to date. No accidents.

     

    Thanks in advance.
  • rroyce10rroyce10 Member Posts: 9,332
    ..... You guys and your consumer math ..l.o.l...

     

    If I have a:

     

    98, 99, 00, 01, 02, 03, 04 and in the left side of the garage is my 05 Volvo - how many Volvo's are in my garage ...?

     

                  Remind me not to take any trips with you guys ............... ;)

     

                                Terry.
  • idntnvuidntnvu Member Posts: 254
    Yeah, the flea market is really a curse for most of local yokels, but it does give some of us something to do in our own town one time a year for 4 days. It's getting to where you can't get good deals on anything anymore though. It's all junk and antiques.

     

    Now, help me with something. When you say "down retail road," what exactly do you mean? Sometimes I'm rather slow on things, but I did catch onto what a "handshaker" was. Clarifying what you said, since one with a handshaker isn't as desirable, I "should" be able to get a better deal on it versus an automatic?

     

    Thanks again for all your help, you really are an asset to Edmunds. From now on, anytime someone even thinks about getting rid of their vehicle, I'm sending them here.
  • steine13steine13 Member Posts: 2,825
    well shoot, my daughter was born in 99, and she'll be in 1st grade this year... being 6 years old come June and all...

     

    Seriously Terry, I've always thought a '98 would be "eight years old" in late August/early September of 2005, when the new ones appear. That's what I've always read, but I won't belabor the point anymore... maybe you're just 8 months ahead of the rest of us, I shouldn't wonder...

     

    -Mathias
  • beckyo2beckyo2 Member Posts: 24
    Thanks Terry, now for a dumb question. Is trade value off list price or if the Honda dealer said 1K over invoice does this trade value still hold?
    Also what about trying to sell it myself? How much and what advertising ave. is best, local paper, net?

      

    Peace, Becky
  • rroyce10rroyce10 Member Posts: 9,332
    I am looking for a car as follow.

    What will be the dealer price ? Thanks.

      

    Location:Buffalo, NY 14228

    2003 Lexus RX300

    4WD

    All options but navigation

    34000 miles

    Two tone light gray

    normal wear.

    Dealer maintained

    Windshield replaced once.

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

     

                 You guys almost had a football team this year ....

     

                    03 Lexus RX300 4wd ... right color, all the good stuff, miles are almost okay, not much of a description here .... if it's knee deep in rubber, clean history, no visits to the spray and paint department and no hinky interior .. then trade side, in and around the super tall $24's, low/mid $25's .. I would think you could buy one for around the $27/$28ish figure - depending on the weather up there ........... what are they asking.?

     

                                  Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ..... Good math Mathias ... I'll try that line on the bank next month when they come and do my floorplan ..... "these 05's, they ain't a year old, so you can't charge me yet ......"

     

              as soon as they hit the ground, the clock is a tickin' ... I'm driving an 05 now that's 5 months old ...

     

                              Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ...... Sounds like it might be a nice driver ... but a salvage vehicle is worth -0- to a dealer, they might drop $500, maybe even $1,000 on a desperate day .. but that bad boy is going to the auction and has to be declared as a "salvage" title - and thats like the parting of the Red Sea ..... you need to sell this dude on your own, and make sure everyone is "aware" of it --in writing-- ... you know how conversations change over a card game .......... :)

     

               $2,900 *asking* and blow and go with whatever the market will bare ...

     

                              Terry.
  • stojstoj Member Posts: 9
    I was thinking of buying a new Toyota D Cab. I have an 03 now. The problem is it was in a fairly significant crash a few months back. I was wondering if anyone had any advice or experience on how bad I can expect to get taken on the trade-in? Or advice on how to approach the trade-in? My truck looks good, too good the whole front end and right side are new.

     

    Stoj
  • rroyce10rroyce10 Member Posts: 9,332
    ... **The problem is it was in a fairly significant crash a few months back** ......... okay, I give up ... like what.? - and be pacific, and I don't mean the ocean ...

     

                                  Terry.
  • stojstoj Member Posts: 9
    All new front end, bumper, radiator etc...and frame damage to the bumper mount area, air bags out about 14K worth of damage in total.

     

    Stoj
  • rroyce10rroyce10 Member Posts: 9,332
    ........ Always -- work your best deal on the newer vehicle first ...

     

                  What your looking for is the DIFFERENCE figure .. your van and "X" amount of bucks ...

     

                    Example only:

     

    New car- $30,123

     

    discount- $2,000

     

    sales price- $28,123

     

     

          =======

     

    Now-

     

    sales price: $28,123

     

    trade: $20,000

     

    *DIFF*: $8,123

     

    plus the tax

     

    plus the flea's

     

    plus the pay-off

     

    minus any rebates

     

     

         =============

     

    Not- $30,123

     

    trade- $20,000

     

    diff- $10,123

     

    then, plus the other stuff ...... see, it's the Difference .................. :)

     

    PS: if you take it down Retail Rd - $23,495 *asking* .. probably see $22,5ish ... don't you guys get tax savings in MO ..?

     

                                 Terry.
  • hsphsp Member Posts: 13
    Thank you Terry. It is my friend's car and he will get M3 this June and asking me only dealer trade in value for his RX300 in June. So I want to know what will be the dealer trade in value of this car. Tires are new. No accident. Interior is clean. He had a very nice deal because of model change. Thank you for your information.- Han
  • steine13steine13 Member Posts: 2,825
    "I'm driving an 05 now that's 5 months old ... "

     

    NOW I'm confused LOL!

     

    -Mathias
  • rroyce10rroyce10 Member Posts: 9,332
    ...... I have know idea what will happen in June ....... check back about 4/5 weeks before trade time, the market is an ever changing entity .....

     

                                Terry :)
  • rroyce10rroyce10 Member Posts: 9,332
    ..... **NOW I'm confused LOL!** ............. good.!

     

                                    Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    Hello again Terry,

       

    Just wonder how much I can get for my trade:

       

    Suggested Information for posting trade-in values:

    Location: Philadelphia, PA

    Year/Make/Model: 2004 GMC Envoy XL

    Body Style: SUV

    Engine: 4.2 liter, 6 cylinder, auto

    Driveline: 4WD

    Mileage: 2100

    Color: exterior: Silver/interior: Dark Pewter

    Major Options: alloys, power driver seat, towing package, on/off road tires

    Condition: Excellent, 3 months old car, bought it brand new so almost full warranty left.

     Really appreciate any inputs.

     Thanks.

     

              ====================

     

               2,100 miles ..... ?

     

            As in: two-thousand and one hundred miles ...?

     

                 Where's the love ....?

     

               Eagles territory .. SLT .? Right color, no miles, V6, 4wd, tow pack - what can I say, no miles and 3 months old .... if it hasn't spent 2 of those months in a body shop and it's new .. then trade side, in and around the tall $21's, low/mid $22's -- SLT XL, right.?

     

                                 Terry.
  • stojstoj Member Posts: 9
    I guess what I'm trying to figure out is before I take it to the dealer...are the trade-in values you see in KBB, TMV, NADA etc a good guide to go by. The dealers use black book which I don't have access to. With my D-Cab being involved an accident that's considered a major collision how much the value has diminished? Does anyone have a similar experience?

     

    Stoj
  • mikefm58mikefm58 Member Posts: 2,882
    You need to give a GOOD description of the vehicle, see the required info. at the bottom of this forum, things like:

     

    Location: [city/state or nearest metropolitan area]

    Year/Make/Model:

    Body Style: [2dr/4dr/wagon]

    Engine: [3.5 liter, 4/6 cylinder, auto/manual]

    Driveline: [FWD/RWD/AWD/4WD]

    Mileage:

    Color: [exterior/interior]

    Major Options: [alloys, sun roof, etc.]

    Condition:

      Details of interior and exterior, including dings, scratches etc.

      Tires - new or % worn

      Brakes

      Maintenance

    Other: Indicate prior damage/insurance claims, repaints, etc.
  • stojstoj Member Posts: 9
    FL

    03

    Toy D Cab

    V6/2WD

    31K

    TRD Off Road

    Service records complete

    Trucks in good shape everything works, still under warranty

    Only thing is crashed once $14K repair. Should have been totaled in my opinion but not my insurance adjusters

     

    I've got all the web site values just curious about diminished value because of the accident?

    Thanks-stoj
  • inmassinmass Member Posts: 4
    Thanks Terry! Have you or anyone had any experience selling cars on eBay? looks like there are salvage title cars that sell and perhaps that might be an easy route to take. Just put it out there with a low starting bid and see what happens.
  • gooddeal2gooddeal2 Member Posts: 750
    2,100 miles ..... ?

      

            As in: two-thousand and one hundred miles ...?

      

                 Where's the love ....?

      

               Eagles territory .. SLT .? Right color, no miles, V6, 4wd, tow pack - what can I say, no miles and 3 months old .... if it hasn't spent 2 of those months in a body shop and it's new .. then trade side, in and around the tall $21's, low/mid $22's -- SLT XL, right.?

      

                                 Terry.

     

    - - - - - - - - - - -

     

    Thanks Terry,

     

    Yes it's 2100 miles, no accident, but it's SLE XL with about $1100 in option. The window price is ~$35K. I got $10K off so my cost was ~$25K + tax and tag.

     

    Seem your quote is for SLT...so this car is even cheaper...cannot believe I loss that much money in 3 months :(

     

    About 2 months ago I traded in Altima 2003 2.5S (2 years with 20K miles) for a new 2005 2.5S with exact same option and I paid the diff. of $4K + tax and tag.

     

    Mike
  • dbauerdbauer Member Posts: 416
    you must know terry really well...you are pushing all the wrong buttons...lol.

     

    what part of FL?

     

    tacoma or tundra?

     

    power options? cd?

     

    DESCRIPTION!!!
  • qbrozenqbrozen Member Posts: 33,736
    OI! Killin me here!

     

    OK, so you have an '05 that is 5 months old... HOW? That doesn't jive with yer math there, Terry. It has to be 1 yr. and 5 months old. OR, does it simply jump a year when the '06s come out? Cause, when the '06 comes out 7 months from now, according to your math, your car will be 2 years old (I have an '05 and an '06 on hand, that's 2 years).

    '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

  • dbauerdbauer Member Posts: 416
    terry is using algore's fuzzy math from the 2000 campaign...
  • wabendswabends Member Posts: 102
    Any idea about the trade in value and retail price of these cars?

     

    Car 1:

    Location: Charlottesville, VA

    Year/Make/Model: 2001 BMW 325iT

    Body Style: Wagon

    Engine: [2.5, 6 cylinder, auto]

    Driveline: [RWD]

    Mileage: 28400

    Color: [Sienna red/gray]

    Major Options: [alloys, sun roof, leather, bum warmers, premium package, park distance control, HK sound upgrade]

    Condition:

      Excellent condition in and out; garaged and handwashed regularly, no dings or scratches

      Tires - original tires

      Brakes - new pads installed under new vehicle warranty in June 2004

       

     

    Car 2:

    Location: Charlottesville, VA

    Year/Make/Model: 2000 MB S430

    Body Style: 4-door

    Engine: [4.3, 8 cylinder, auto]

    Driveline: [RWD]

    Mileage: 31400

    Color: [Desert silver/tan]

    Major Options: [alloys, sun roof, leather, bum warmers, 6-CD changer]

    Condition:

      Excellent condition in and out; garaged and handwashed regularly, no dings or scratches

      Tires - original tires

     No major problem except for new battery installed in November 2003.
  • stojstoj Member Posts: 9
    Sorry this is all new to me. Pensacola area, Tacoma, all power except seats, cd. Don't know what else to say than there aren't any dents, dings, scratches etc... garage kept, paint shines. As a result of the accident it has new windshield, front bumper, complete grill, headlights, radiator and support aprons, air bags, passenger side rear door. I spun the car that crossed my path around and her rear end hit my passenger side rear door. All has been repaired to the tune of $14K. Thanks Stoj
  • robr2robr2 Member Posts: 8,805
    About 2 months ago I traded in Altima 2003 2.5S (2 years with 20K miles) for a new 2005 2.5S with exact same option and I paid the diff. of $4K + tax and tag.

      

    Somebody want to walk this guy over to CCCB?? :)
  • rallyhatrallyhat Member Posts: 1
    Bill-

     

    This is an off-topic question, but I'm new to your forum and don't know your procedure.

     

    I have a red 2001 CL (NAV)with 106,000 miles. It looks better than most, but has carpet wear driver's side and 4 parking lot dings, one of them a half inch deep. No scratched paint, tho.

     

    Can you tell me about what to expect on a trade?
  • driftracerdriftracer Member Posts: 2,448
    with the Dali Llama...

     

    So you can just use the outline in red at the bottom of the page as a guide.
  • woodywwwoodyww Member Posts: 1,806
    I'm near Boston also, & thinking of buying a winter vehicle for not too much $$. (Does it have winter tires?) E-mail me if you want (click on the "WoodyWW" to start).

     

    thanks, woody
  • chazmochazmo Member Posts: 8
    Columbia, MO (120 miles from st. louis)

     

    2003 Honda Accord LX

     

    4dr

     

    4 cylinder manual

     

    fwd

     

    21000 miles

     

    Gold ext. / tan int.

     

    Excellent condition and maintenance records.

     

    Accident in December 04. Insurance paid for it. 6000 of front driver side quarter panel damage. Air bags (both front) replaced. No frame damage.
  • beckyo2beckyo2 Member Posts: 24
    Terry, thanks for the explanation, I've never traded a car of any value.

     

    Yes, we do only pay the difference between what we sell and what we buy, if it's done within 90 days of each other. Thank God or I wouldn't even consider this. I'm just thinking the early 2004 Siennas are a little crappy and I would not feel too bad if my difference will only be 4-5K.

     

    Thanks again for all your help, I'll put it in the Sunday Post Dispatch and see what happens.

     

    Peace, Becky
  • stojstoj Member Posts: 9
    May I e-mail you directly. I'm not very versed on all the rules and etiquette of these public forums and wouldn't want to push anyones buttons. You seem like a very knowledgeable and helpful contact.

     

    Stoj
  • aggie1995aggie1995 Member Posts: 318
    Terry,

     

    You're help would be much appreciated.

     

    Need Trade in and Private Party Price

       

    2002 Honda CR-V

    EX Trim

    Auto Transmission

    All-Wheel Drive

    46000 Miles

    Location: Dallas, Texas 75247

         

    Exterior: Burgandy

    Interior: Tan

         

    6 Disc CD + Cassette

    Sunroof

    Privacy Glass

    Cloth Seats

    Alloys Wheels including full size spare

         

    1 - Owner

    Dealer Maintained - Have All Records

         

    No Exterior dings or scratches, other than normal wear from 46,000 miles of driving

    Interior very clean, doesn't smell, no stains, no scuffs

         

    Tires replaced at 35,000 miles
  • akanglakangl Member Posts: 3,282
    **About 2 months ago I traded in Altima 2003 2.5S (2 years with 20K miles) for a new 2005 2.5S with exact same option and I paid the diff. of $4K + tax and tag.

       

    Somebody want to walk this guy over to CCCB?? :)**

     

    ME ME!! I will I will!! I haven't bought anything in 2 whole months, so I'll move him on over and then tag along and get my fix.
  • robr2robr2 Member Posts: 8,805
    jolie - LOL!! Are you jonesin'??
  • akanglakangl Member Posts: 3,282
    ***LOL!! Are you jonesin'??***

     

    Nah not really. I'm happy with the 3 vehicles we have. Zippy (Focus) turned 18k today and I have yet to have a problem with the car.......even at the lovely 45 below zero temps we are having right now. The Titan is a nice truck, its reliable and I am enjoying it. The Ram, well, um, let's just say after his latest kiss with a dirt bank he's going to have it for a LONG time. Its a good truck though.
  • butchbr73butchbr73 Member Posts: 325
    Stoj.... i think he was just joking, not trying to be too difficult here. If you want to know the value of your car, read the writing (in red) above where you write your post...I've copied it below. Please post, at a minimum and in one post, this information so you can get an accurate value back.... no magic required, just as much info as you can provide on your side, the closer to actual value Terry can get you....

     

    ********Suggested Information for posting trade-in values:

    Location: [city/state or nearest metropolitan area]

    Year/Make/Model:

    Body Style: [2dr/4dr/wagon]

    Engine: [3.5 liter, 4/6 cylinder, auto/manual]

    Driveline: [FWD/RWD/AWD/4WD]

    Mileage:

    Color: [exterior/interior]

    Major Options: [alloys, sun roof, etc.]

    Condition:

      Details of interior and exterior, including dings, scratches etc.

      Tires - new or % worn

      Brakes

      Maintenance

    Other: Indicate prior damage/insurance claims, repaints, etc.
  • akanglakangl Member Posts: 3,282
    I don't even have to go to the car lot anymore, it comes to me. Talk to one of the test drivers for VW today, he was driving a Touareg V10 TDI. Now THAT has me drooling and dreaming!

     

    So Terry, see any at auction? How's the resale? I priced one out and its over $70k........can we say just *slightly* out of my price range. Maybe I can find a used one.......lol, yeah right. Good thing I'm leasing my truck!
  • woodywwwoodyww Member Posts: 1,806
    As long as you're dreaming, for big bucks, why not check out a Porsche Cayenne? I think they "start" at $44K.........
  • akanglakangl Member Posts: 3,282
    Nah, I want that V10 diesel in the Touareg!
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