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Real-World Trade-In Values

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Comments

  • mmcbride1mmcbride1 Member Posts: 861
    It just sounds like a lot of hassle for not much in return.
  • qbrozenqbrozen Member Posts: 33,736
    and, heck, 12,000 miles isn't exactly something to sneeze at. That's like another 6 months of driving for me. Not to mention that at least you know the service history on the Accord and, like you said, everything has been replaced.

    '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

  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm...

    They do hold their value quite well, so I think the money is $15K, perhaps closer to $16K if the stars are properly aligned and the gods smiling..

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    I was wondering the same thing...

    Hmm, Shoot for $5K-5,500 for your Accord, retail.

    I think that $4,500 or so with the hail is fair on the Civic..

    Hope this helps!

    Bill
  • jaki30jaki30 Member Posts: 73
    Gentlemen: I am considering a late model, 4x2 p/u truck. I have a 1993
    Crown Vic LX, lite green, loaded, cloth, with 81k miles in very good cond.
    What can I expect for trade in value? Thanks.
  • shepherd5shepherd5 Member Posts: 35
    I am helping a friend sell his car. A '97 E420 with 90k miles. Options include: moonroof, AMG suspension and body kit, fully upgraded stereo (at least $3K invested). Car is always maintained @ MBZ dealership and just had the 90k service done today. Can anyone tell me what I would be able to sell this car for? I live in Orange County, CA. Edmunds TMV priced it between $31-35K. Any thoughts?
  • black01coupev6black01coupev6 Member Posts: 195
    Thanks for the feedback. The 91 Accord is just a second vehicle for me so I won't put so many miles on my new Accord. It's a great car and I will miss it but as michael said the Civic is sportier and my significant other likes the Civic more.

    I've put the Accord in for $4,750 and I was able to get the Civic for $3,000.

    Also, if it's not too much trouble my fiance would also like to know how much his 1994 Lexus LS400 would be worth. It's pearl white over tan leather. It has Nakamichi, traction control, heated seats, and the upgraded wheels. It has 117,000 very pampered miles on it and is in immaculate mechanical and visual condition.

    Thanks in advance again. :)
  • dardson1dardson1 Member Posts: 696
    always appreciate the speedy answers I get here...thanks
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm...

    I'm thinking..wow.. this is a tough call. Typically I'd say $22-23K wholesale (In line with what similiar mileage ones are selling for at Riverside Aution in LA) and about.. ohh.. $27K or so retail.

    That being said, on the private-party retail side, I think you ought to be able to get closer to $29K if that car is nice with the wheels and stereo and all...

    Put it in the paper for $29,900 and see.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm...

    If its' clean, Ithink that it ought to be worth about $3,500 or so. Closer to $4K in FL and Midwest, Closer to $3K in the northeast.

    Hope this helps!

    But first, why not throw it in the paper for $5,900/BO?

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Glad to be of help!

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Umm,

    I assume this car has never had paintwork, right?

    Where ya located again? I looked em up and the prices seem to be swinging a little.. Still I think you gotta be able to get $14-15K out of it at least on a retail level. $11K or so wholesale..

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    And you stole that Civic :)
  • jaki30jaki30 Member Posts: 73
    Thanks for the CV info. I may try to sell it outright. The problem is
    that buying used, when you find something you want, usually you
    have to move quick. At least I know what I should expect if I trade.
    Thanks again.
  • matthew23matthew23 Member Posts: 11
    I've got a 99 VW Cabrio GLS, Automatic, CD Changer, Green, 29,000 miles. What kind of trade-in price could I expect in the Atlanta area? Are you likely to get a better price selling to someone like CarMax?
  • im_brentwoodim_brentwood Member Posts: 4,883
    Glad to help!

    I still think that selling it yourself is a good way to go, especially on lower priced cars.

    If its' say, a 99 LX470 or something where retail is $45K, wholesale $40K, and tax cerdit $2,400... then I would trade it. But the percentages get a lot higher on lower priced cars..

    Still, I respect your situation!

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Looks to be, real money, about a $13,500 or so car right now in Atlanta.

    As far as CarMax goes.. I'm not sure but I think they have gotten a little smarter about buying cars... Certainly can't hurt to try tho!

    Bill
  • mpp2mpp2 Member Posts: 97
    Hi. I' ve been lurking for quite a while and find this topic to be most informative. I think you guys provide great information here. Anyway, what is the real wholesale and retail value of a 1998 Jeep Cherokee Classic. It's white, automatic, Selec Trac 4WD, 52,000 miles, 6 cyl, full power, etc. There's one scratch on front fender by grill about 1 inch long which was touched up by dealer when I bought it.(Bought it used w/14000 mi). Otherwise in excellent condition. I'm in lower Hudson Valley, New York State.

    Thanks
    Marian
  • im_brentwoodim_brentwood Member Posts: 4,883
    Marian,

    OK.. from looking at the market.. Looks to me like actual wholesale on your Truck is $9,500-10K.

    I'd say you ought to be able to get at least $12K or so out of it retail...

    Hope this helps!

    Bill
  • soberssobers Member Posts: 496
    I was shopping with my friend forused camry. This is what we came across.

    with 30400 miles, power windows/mirrors, ac, cruise, CD/Cassete player.

    30K miles service is not performed & all the tyres are in BAD shape. No maintenance records available. NADA trade-in is: 11500 + 125(CD) + 175(mileage)

    Please suggest.
  • rworrellrworrell Member Posts: 149
    My friend at work was going to trade her '94 Altima on her new Mazda 626 V6, but I convinced her to try to sell it privately. You both agreed (and I think Carguy chipped in) that she was looking at around $3200-$3300 private sale for all the money, so list it at $3900 obo.

    She didn't even want to place an ad (?), but I finally talked her into at least putting it into our intranet classifieds at work. The day she was supposed to take delivery of her 626 and find out what they were going to offer her on a trade-in ($2200 if she was lucky, I'm guessing), someone at work bought it...for $3900!

    Did I also mention that they (she and her husband) were going to go shopping for it on Memorial Day and I called her at home and told her I had seen an ad that Mazda was now offering the Premium package (which she wanted) for free on 626s?

    I figure I saved her $1200 on the Premium package, and $1700 on the trade vs. private party and...nothing. She said "thanks" but that's all. I'm going to have to hit her up for a lunch and a ride in the new car, I'm thinking. :)

    Anyway, thanks again for your help. Great service you provide!
  • black01coupev6black01coupev6 Member Posts: 195
    No paintwork on the Lexus and it's in the Atlanta market. Just curious if you might know the whether or not there was such a thing as a Coach edition LS400 in 1994? And if so, what options were included? Thanks again.

    And yes, the Civic was a good deal. Put $300 into it so far in new tires and wipers..now all that's left is the timing belt..so all in all it's gonna cost about $4,000.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Wow.

    NADA is close for a change....

    They seem to be all over the place, wholesale, for about $11Kish with that many miles on them in somewhat edgy shape.

    Figure I wouldnt go much over $13,200 or so onthat car... Shoot for like $12,900 or so.

    Hope this helps!

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Glad I could help.

    Sheesh, think shed give ya a comission....

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm...

    It might be an Anniversary edition...

    Coach Editions will say Coach on them and have perforated leather...

    If its' a slightly darker pearl white (Called White Onyx Pearl) and all sliver-painted wheels..

    Bill
  • matthew23matthew23 Member Posts: 11
    I was hoping it might be worth a little more than that, but I didn't really think so, and it's nice of you to give me that confirmation. Thanks again.
  • goralgoral Member Posts: 149
    How about this one:
    '98 VW GTI VR6, white, leather, 28K miles, Chicago area.
  • coupescoupes Member Posts: 5
    What is the Book Value for a 1998 Mercury Villager GS? What is the real world value?

    I just did an extensive search of dealerships in the region and found about 20 for sale. 18 of them were $15-18,000 asking price. One was $19,000 and one was $13,500.

    If very few are actually sold through auction, doesn't that completely skew the results?
  • soberssobers Member Posts: 496
    Thanks for the info guys. It is highly appreciated! But there was a catch in their ! I ran carfax on the vin & guess what ? It was used as rental vehicle by a 'Major Rental Company"

    So this car is almost out of question!
    Any comments ? I am sure the rental vehicles are abused like anything....
  • mpp2mpp2 Member Posts: 97
    Thanks Bill for the info. Based on what I've been reading here it's actually a little more than I expected wholesale. I think we're going to hold on to it since it's my wife's truck and she really likes it. I still like it myself, but it's a little cramped for me and 16 mpg is kinda depressing at times. It's great in snow though. BTW, there are a few dealer ads around here asking between 14K and 15K for 98 Cherokees depending on miles and equipment.
  • odd1odd1 Member Posts: 227
    Wife wants to replace her fun car. kbb has it for 2k less than NADA and Edmunds. What is a realistic wholesale(hailstorm victim, yes we did get depreciation from ins. co.) price. 4DR, sport package, row it yourself, moon roof, leatherette, 55K, for central Texas? Should I take the hassle of selling it myself?
  • jcerra1jcerra1 Member Posts: 3
    I need to trade in a 1992 Mercury Sable GS with 58,000. KBB and Edmunds are around $2,000. NADA was 2450. Various dealers are estimating $1500. Car would be classified as "rough."

    I traded in a Windstar last year. Every dealer had a "real" price lower than these quotes. Is this just another source of profit for the dealer?
  • jcerra1jcerra1 Member Posts: 3
    I need to trade a 1992 Mercury Sable GS with 58,000 in "rough" shape. KBB and Edmunds are about 2,000, NADA about 2400. Dealers have been around 1500...various reasons, such as as "weekly updates." What's a fair trade in price?

    I went through this last year when trading in a Windstar...very tiring.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Well,

    At least we both are aware :)

    I based it on what the auction results showed what a couple sold for recently in Atlanta..

    Good luck!

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm...

    If its' nice... That car is $14K wholesale easily... What are they asking for it?

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    THat's a very tough thing to answer without some more info...

    Is it a GS, LS or Nautica? My Black Book shows $8,550 for rough (I.E. 60K miles or so) on a GS to $14K or so for "clean" (20K miles and perfect) for a Nautica..

    Villagers, as a rule, rarely break the bank at the auctions tho, and they are easy to find. But...

    What color is it? Mileage? Condition? (Has it ever been in a body shop?), etc..

    Then I can give you an idea of what current market is on them... there's a lot of variables.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    If it helps..

    I'm not afraid of rentals. Generally they are very well maintained. I'm more worried about their cosmetic condition than anything else.

    My wife (Ex actually but thats unrelated) is driving an Ex rental Jaguar S-Type 3.0
    2000, Silver/Ivory Leather, 3.0 with Moonroof, CD Changer... Paid $31,700 for it with 15K miles.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Well,

    You're in the right market for that vehicle. Here in FLorida it'd struggle to be worth $8,500 or so (Nobody here wants 4WD.. and most wont pay a premium for it) Much as a 2WD is virtually worthless where you are.

    If I were you.. why not slap it in the paper closer to October for $12,900?

    That's the time to sell a 4WD up north!

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    OK.. So I can safely assume a bunch of paintwork on the hood and roof, right?

    Hmm.. I'd sell it myself. Typically a $13,500 or so car, yours is probably closer to $12K-12,500 wholesale because of the paint. My suggestion is to try $15,900ing it in the paper.

    BMWs like that are pretty easy sales as a rule if they look nice and run well...

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    I think that you have a tough car here.

    1) Mileage sounds VERY low for a 1992.

    2) I'm sorry to say, its' still a 1992 Sable, and they just arent worth very much.

    That being said, I could see someone paying $2,000 for that car, but I would not call it likely. On older cars, the market gets kinda funny. Truly immaculate ones willbring some money, but still not a lot. A super mint one with 50K or so might still only do $2,500 wholesale.

    I'd peg it at closer to $1,500 or so. The typical 92 Sable is, wholesale, an $800-1,000 car. Now, you mentioned that it would be classified as "rough", if its' in iffy cosmetic shape, its' certainly not going to do $2K i'm afraid.

    Hoeever, if its' presentable and runs well... Why not throw it in the paper for $3,900 or so and see what happens?

    As far as the online sources vs what cars are worth.. I base my appraisals on what a car is selling for at auction (Which Black Book is very much in line with). That is, in my experience, the only way to truly gauge the actual wholesale market on a car.

    Hope this helps

    Bill
  • nmchopnmchop Member Posts: 27
    I'd never shoot the messenger (asked you about a 2000 Stratus ES)...you said about $10,000....I went to a toyota dealership today shopping for my RAV4 and was told $9700 on my Stratus.

    After they revived me, I came home and saw your post (I went to the dealership before I saw the post)...you were right on. NADA said $11,500 and I've got $12,700 in the damn thing, so that made the RAV4 i wanted just a titch more expensive then i could stomach....but thanks for taking the time...so I'm just reporting that your numbers were defintely "real world" trade numbers.
  • coupescoupes Member Posts: 5
    The Villager is a 1998 GS. 37,000 miles and very clean. All service but one oil change was done at the dealership on a timely basis. Never been wrecked.

    If the wholesale price is so low why are dealers selling it for so much. It really sounds like the book price is used to screw people. It really does.

    Is there a seperate listing in the famous "black book" to add on features or is there just a flat price?

    Let me ask this again, If most Villagers never go to auction, doesn't that completley skew any results?

    Just to prove my point, I want you to find me a 1998 Mercury Villager, rear air , tinted windows, roof rack, captains chairs etc and it should sell for about $10,000 retail (if you are right). Let me know where I can pick one up.
  • goralgoral Member Posts: 149
    The car (VR6) will be sold @ Insurance Auto Auction. It has clear title, and no damage (that I can see). The only problem is that the car has no key. If I do decide to bid on it (well, not by myself, via friend ;) ), I want to leave myself at least $3-4K (below wholesale) for any kind of repairs/reconditioning that will be necessary. Depending on ignition system, getting a new key might be expensive!
  • im_brentwoodim_brentwood Member Posts: 4,883
    Actually,

    In the last 6 weeks or so (I didnt update my software yet this week) it looks like 24 1998 Villager GSs have sold through various Manheim Auctions with mileage between 37,005 and 37,986. There's LOTS of them at the sales as I had suspected.

    It seems like prices are pretty stable on them nationwide.. I don't see much in the way of really noticeable regional swings unlike some cars (I.E. a 2WD SUV is not worth much in Minnesota, and a Miata is worth a LOT more in Orlando than Minneapolis in January).

    That being said, looks like $10,500-11,000 is where they're selling.

    When you look at the ones with miles around 40K or so (Seems to be the average) you're closer to $10,000-10,500.

    The Black Book that I have at the house here, is about a month old. It lists, for the southeast, a 1998 GS at $8,550 for "rough" (About what I would have to pay for one with 60K miles or so on it) $10,200 for "average" (right about where a 40K mile one is selling for at the auctions) and $11,700 for "clean" (About what I'd have to pay for one with 22K miles or so on it). It also lists $12,450 for "Extra-Clean" (what one with, perhaps 8K miles on it might sell for) but very very few vehicles are ever worth that much, they are the extreme exception. On the other end, Vans like yours with 70-80K miles are perhaps $6,500 wholesale vehicles, well below "rough" book.

    Out of at least 200 or so records for the last month for 98 GS Villagers, I saw exactly 3 with under 10K miles on them. One did around extra clean book.

    As far as equipment adds... Leather ($300), CD ($125), Sunroof ($300) and Dual Air ($350 for GS and LS) are listed. Deducts are 5-passenger (-450) and No A/C (-$675).

    In reality, I think that only leather, roof, maybe dual air are going to make a difference. As a rule, only major options do. Lack of air may not hurt one in Fargo, ND much, but its' going to punish one more than $675 here in Florida in my experience (More like a $500-750 deduct plus shipping to somewhere in the north).

    So with Rear Air, and if its' clean, and isnt in a crazy color like Brown or Yellow-Gold or Orange or Purple, With Rear Air, if its' clean, its' gotta be worth $11,000 wholesale I think.

    That being said, it's also a $14,995 retail unit (asking price, which is what you're seeing) assuming the dealer took it in on trade for $11K, spent the typical $500 in inspection, servicing, detailing, fixing paint chips, etc.. And it'd probably end up selling for something . I'd say that it ought to end up retailing for $13,500 or so. Obviously, as a dealer it'd be nice if I could retail that van for $18K or something nuts like that, but thats' being greedy. Figure another $600 or so if its' "certified" (extended warranty packed in).

    So, the "Black Book" isn't out to screw people. Its' simply reporting market conditions. Now, if you were offered $9K for your Van that's way too low. If you were offered $13,500 trade for it.. be suspicious. I would be.

    You also mentioned asking prices of up to $18-19K. That seems high to me.. buuut...If it was an LS it'd be worth another $2,000 or so wholesale (Remember I mentioned that $14,995 asking price) so you'd have $16,995.. And a Nautica seems to be worth more than that even. So maybe a low mileage Nautica Edition could be justified (not necessarially do I think that $19,000 for a 98 Villager is perhaps the best way to spend one's money) at that price.

    Again, there's a ton of variables out there...

    Hope this helps explain it, but, to answer your other question, yeah. There's a LOT of Villagers at the auction, from the looksof it most seem to be lease returns.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Good idea. You may want to check with a VW dealer.. if you lose the keys it may be a big expensive deal.

    I think that those 98s use Immobiliser keys... It could get expensive.

    Just in case you did CarFax it, right?? I don't trust "clean" titles....

    Bill
  • jcerra1jcerra1 Member Posts: 3
    Thanks for help, I appreciate it.
  • odd1odd1 Member Posts: 227
    Thank you brentwoodvolvo.
  • bakcabakca Member Posts: 33
    XLT, 4.0v6, 2wd, 6cd, leather, 3.73LS w/ tow pkg.
    115k miles with all maintenance.

    What can I expect as a trade in southern calif. Also does it make a difference if trade in to whomever I buy from versus just selling to a Ford dealer. Finally, what are auction prices currently running.

    I know the miles are high but it is in great shape in and out.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Glad I could be of help! :)

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm...

    Better than I had thought. The miles hurt it quite a bit, but it seems that it still should be worth roughly $5,500 or so from where I sit.

    That's about where they seem to be at the auctions... the number I most commonly see is about $5,500-6K. Bear in mind with the miles, people arent going to be stepping up on the truck i'm sorry to say. As far as trading.. I'd say it probably wont make a huge difference really..

    Some sold for less, but I assumed they had to be in roughish shape. As usual, I go with the median...

    Hope this helps!

    Bill
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