Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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jubiesmom, I do think you are going to be somewhat upside-down, but maybe not enough to make it a problem. It is a little bit confusing, though - if you still owe on your vehicle, you can't have the title. Did you sign a quitclaim deed, relinquishing all interest?
MODERATOR /ADMINISTRATOR
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2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
You can sign the title of a vehicle over to a family member without an exchange of money. My credit union still holds the lien and my name is still on the loan. His name is now on the title after the transfer of title fee was paid. Everything above board. He is planning to get a truck anyway. No one is keeping the SUV.
I am the custodial parent and therefore I am limited in what resources I can have or have access to or it will affect the SSI. The medical bills are astronomical and mounting. It is $700 in special order supplements from the pharmacy just to feed him. I would not have known to file for SSI if our doctor had not suggested it.
I am just a parent trying to sort out a complicated situation. I do appreciate the help and advice. Again, sorry for any confusion.
You can:
a. Convice your soon to be ex-husband to get a loan on the Infiniti to have your name taken off it. Then he can trade it in when he has loan to value paid down or enough extra cash to make up for being upside down.
b. Try and sell it yourself, which may be difficult and take some time.
c. Hope your soon to be ex-husband has the money to make up for being upside down or is willing to take on the negative equity. It really is around $3,000 which is not too bad but will be enough to prevent the best loan terms rolling that amount into the new vehicle loan.
It may be difficult to get a bank to lease with the limited income and assets you will be able to show given the requirements to qualify for SSI. You will need to make sure that a lease is not going to cause problems either, it does in Indiana for welfare purposes.
You need to figure on how many trips a month/week you are actually going to have to make. There will be the gas, maintenance, insurance, depreciation all factoring into the equation. You should look into renting as an option just for the trips.
How much value of a vehicle can you own to not screw up the SSI?
It almost sounds like you should be in a nice older Olds Ciera or Buick Century with 80K miles or so on it at a value of about $2500. Both are generally reliable long term and high miles, relatively low value, easy to find ones that were maintained and driven by the elderly, decent gas mileage, overall low repair costs (except for the occasional intake manifold gasket on the 3.1L).
To add to that, will a 10/12/15,000 mile lease provide enough miles for you to make those trips?
If I can go to a dealer with an decent idea of what my car is worth, I can make a satisfying trade PDQ. Without a trade, new car buying is grade school math. With a trade it becomes theoretical mathematical analysis worthy of a grad. school thesis project, lol. Point is, you supply the X factor (what our darn cars are worth +/- a reasonable statistical deviation). . . . it's the thing those of us who do not spend our days in the automobile trenches can't know. Just traded my '04 Tahoe LS for an '06 Z71. While it's been two months since you gave me a range, the numbers held up well. I didn't leave much $ on the table. This is my fourth vehicle with your help. I owe you. Many thanks for your service.
ps. . . you ask I let you know how things worked out. You suggested a perfect, white, 04, 2wd Tahoe with 12k miles, cloth, 3rd seat, ISK pkg (5.3 + buckets + bose), tow pkg, garage door opener, pwr pedals, steering wheel controls, and cd changer oughta bring 20-21k. If I paid $250 over invoice on my '06 ( my best guess), I got $20,350 for my trade. After the dealer discount, Chevy's $3500 '06 rebate, $1000 premium select discount on the sticker, $3150 in GMCard money (sweet), I traded for $10458 + $883 TT&L for a 2WD Z71 listing for $42,735. To boot, I got a $500 gas card to be issued from GM. My math says I paid a little under $30k.
I have been putting about 20000 miles on a vehicle a year. That was before the therapy would be starting.
I think I am going to have to move closer to the center. We could have to be there as many as five days a week. It currently costs around $25 just to drive up there and back.
He is going to get a loan, so mine can be paid off. That should take care of it looking as though I have a debt that I actually don't.
I was wondering about assuming the lease on a vehicle with maybe 12-14 months left on it. I do have good credit-thank goodness for one bright spot! I was looking at places like LeaseTrader. These almost seem too good to be true.
It looks like I could get a safe vehicle, still under warranty, at a payment that I could afford and with plenty of mileage left (if I move closer to the center) without building any equity to cause problems with the SSI.
The only snag I see is what if the vehicle is damaged on the inside when it is time to turn it in? One of Saw's biggest problems is choking and vomiting. I am quite sure they would not be pleased with a car that had stains in the carpet. Wouldn't I have to pay for damage?
Am I seeing this clearly? I feel like there have to be things I am overlooking. The lease company is apparently agreeable, and there are no charges for the change. There also is an incentive which would lower the payment further. Are these online lease assumption places above board? What am I missing here?
My Grampa would know about these things, but he is not here anymore. I sure can't afford to make a mistake.
Thanks a bunch for your kindness and help.
Yes. Plus whatever "damage" & wear the previous lessee did, even if you don't spot it. Could be things like making you pay for new tires, as I understand leasing. I knew of someone who was turning in a leased Volvo, & they were trying to get them to pay for a new back seat because it had a few stains on it. And in a year or so, you'll be trying to get another vehicle, which is not fun for most people, & probably more stress for you.
I'm also curious about dkuhajda's question: "How much value of a vehicle can you own to not screw up the SSI?" Maybe I'm missing something, but the QX4, since it's worth less that you owe, why would keeping that foul up your benefits? Or can't you work out something with your husbandt, & you make the payments--it's in his name now, right? Is there no way for you to just keep it?
2004 SR5 4WD 6Cyl
Silver
38K Miles
Running Boards
Roof Rack
Spoiler
Towing Package
Interior: Excellent
Exterior: Good - Excellent
I've looked @ Edmunds and NADA's trade values and they seem to be similiar, however, KBB's is way off from the other too. What is typical for this vehicle?
2001 Accord ex w/leather 4 cyl auto
no sale blue
67k
good rubber
In nawlins La. (no flood)
no dings just spent $200 w/ dent wizard
all maint. records and reciepts
good condition interior
reg ex goodies 6cd moonroof side airbags
car has had 2 minor boo-boos
1. rear qp repaired where I backed into it w/ a 24 foot u-haul. panel repaired but not replaced. taillight replaced w/oem. rear door painted I guess to blend paint, no structural damage a friend in the body shop biz repaired this for me and refused payment, I don't know how much the damage was.
2.front bumper cover replaced and hood repaired. I tried to mate it with a tahoe at a couple of mph. the only damage was a square hole in the bumper cover from the reciever hitch hole on the tahoe and the leading edge of the hood was bent down slightly.
hood was repaired. aftermarket bumpercover installed, no damage to lights or fenders
paid afformentioned body shop $850 out of my pocket.w/ a 500 deductible it wasn't worth a claim
oh what doeth the car gods say? :confuse:
When I filed for SSI-we did not believe we were upside down. I have since discovered that perhaps I was.
We have a friend that was the finance manager for a dealership in Ft Smith, and he says it is worth more than they are offering. It does have an extended warranty and it is transferable. I don't know how much more that adds.
My husband really has no use for the vehicle, so he is going to get a truck. He owns a business that requires him to get into areas where you would not want to take a vehicle that you hated to scratch up.
I would like to keep it. It is what I wanted after all, but I just can't make the payments on it, a place for us to stay and all of the other various and sundry expenses that one has. I am hoping to find something a little bit cheaper.
As to the SSI-I can not have more than $2000 in assets or it will affect his payment. That includes cash on hand-I am also limited in the amount of money that I can make without affecting the SSI. This also includes any child support that we receive.
I am hoping that we don't have to stay on it very long, but for now it is very necessary and I am thankful. The price of gas just to get him to therapy or to the doctor is about $25 a trip. I am going to have to move much closer to the therapy. He is very intolerant to being strapped in a car seat for two hours a day. I would be too.
I don't quite have all of it figured out. I am not sure how I am going to swing the vehicle, place to rent and child care without affecting his SSI. I am not even sure I can find child care for him. He is extremely difficult.
The Lord will provide a way. I am trying to do my homework. I don't want to make any mistakes. At this point, a mistake could be very costly in many different ways.
Thanks guys for your input-any info is appreciated!
Stephani
I am looking into moving closer to the dr's and the therapy. That would cut down on the mileage considerably. Instead of 120 miles a trip, it would be more like 15-20. That should make the mileage on a lease more manageable.
Something I had not thought of was previous damage by the original driver of the car. I had not thought of tires either. Thank goodness that was brought to my attention. I knew that I was missing things here.
You may be better off purchasing a vehicle, but you really need to check into the laws in your area. If you purchase a vehicle, and you owe more on it than it's worth, I can't imagine it could be construed as an asset - it's rather a liability at that point, and it will take you some number of years of paying off the financing before it can be considered an asset.
If you purchase, you at least won't be locked into an end date that might carry with it a bunch of financial surprises that you may or may not be able to pay. Plus, if your lease ends in 24 months or so, there's no guarantee at that point that you'd be able to afford to re-lease or purchase.
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Location-Pac NW
2000 BMW Z3
Convertible
"2.3" inline 6
automatic
64000 miles
white with black top & interior
all power options including power top, leather, wood, heated seats
extremely clean
tires replaced 4000 miles ago
clean title
25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0 / 03 Montero Ltd
San Diego, CA
1999/Honda/CivicHX
2dr Coupe
Automatic/CVT
45000 miles
Silver
AC, CD, Power windows, Keyless entry
Outstanding Condition
Undergone regular maintenance
Clean Title
Your like a kid in a candy store ....... it's a Canadian vehicle, it's been hit by a meteorite and no warranty (unless the dealer is making you pay for one) ...... so where's the good news .???
Canadian vehicles are worth in and around 50% less on the retail side than their US brethren and even less on the wholesale side .................
Is there an echo in here ...............?
Stay
Away
From
The
Car
Lots
Terry
In the meantime - Repost ... but use tiny little words and good descriptions ......
Terry.
thanks for the update .................................... :shades:
Terry.
I left my crystal ball at the golf course ......
Terry.
==============================
..... Thanks for the update ......... cars are just like golf clubs .. try trading-in a set of 2 year old dirty ol' Callaways that have been sitting in the mud, dragged over 200 fairways and then dropped at the golf store and you might see $100 ... put a few new grips on em' and clean em' up, you'll see $250 ... do the math ........
Terry.
Welcome back!
Thought I would give you an update....so far all I have been offered is $22.5K for my trade....my post is below....with your response below that.....what gives?
I assume them dealers want to make some good $$$ on my car right?
If I was to sell on my own....what would be a good price? With a nice fat ad in the local Tampa paper? As always.....you da man!
(How's that golf swing!)
__________________________________________________________________
Terry....O'where could Terry Be????
(Anybody check the 19th Hole?)
Your expertise is much needed...can you help a soon to be retired sailor out???
You da man!!!!
Tampa, Florida
2005 Acura TSX
4 door sedan
4 cylinder 200 hp, Auto/Sequential SportShift
3500 miles
Meteror Silver (Shade of blue), Quartz leather interior
Typical stuff that comes standard on the TSX...Leather, sunroof, abs, cd changer,
full tint, spoiler (Acura spoiler)
Outstanding shape...always been garaged since day one....bought new...
With only 3500 miles on it I'm sure you can see it is in outstanding shape...
No McDonalds...no KFC...No Burger King...natta...
May the lord of the links provide you with your next hole in one on that par three!!!
Thanks my lord!
**Anybody check the 19th Hole? ** ....l..o..l.....
Actually, "I have" been playing a lot of golf (except for Tammy that just blew in and out) I just loooooove those new hybrids ... you don't get a single digit handicap hangin' out at the 19th hole .. even though I've been told everyone at the 19th hole has one ..l.o.l...
Anywaaaaaaaaaay ................... on the left side of the state .. we have a 05 Acura TSX with tiny little miles, but no Nav, right ..? ... the color is right, we got the auto thing, we got the hydes, slider, etc etc etc .. and you say it's clean, garaged and in good shape ......... trade side, in and around the mid/tall $23's, might maybe "could" see a dealer get nutty and drop the low low low low low low low $24's in it because of the color and those baby blue miles -- maybe ............................ let me know how it goes .............
Terry
Little bitty miles, auto, garaged and it stands tall ......?
$22,5 seems a little on the weak side, even in this late time of the year ..... I could see $23 from a dealer thats loaded up in inventory and they owe their Mother-in-law big time for marrying their fat daughter and buying him a dealership .. but $22,5 ....? ........ are these import dealers .......?
Retail Rd ..... thats the rub .. $25,900 and maybe get $24,500ish and miss the tax difference ...... whats your pay-off...?
Terry.
PS: the golf swing is just a "tinge" above average ... but a new set of hybrids and a carbon driver has made alot of difference, I mean leaps and bounds .......
I own this bad boy!!!! No lien........have title.....
It is exactly how I decribed it.....05 Acura TSX (non-navi)....it now has 3,800 miles.
Always garaged!! Has full Tint, Acura Spoiler.....absolute mint condition!
VIN # JH4CL96885C016943.....no accidents, no burger king, KFC, not smoked in!
This is at a Honda Dealer....who says they called around to different in town Acura Dealers....I would assume that is b.s. right?
It is actually cleaner than when I took delivery......I don't get it? Any other ideas on what I can do????
Thanks.....your outstanding!
___________________________________________________________________
...... Am I missing something .....................?
Little bitty miles, auto, garaged and it stands tall ......?
$22,5 seems a little on the weak side, even in this late time of the year ..... I could see $23 from a dealer thats loaded up in inventory and they owe their Mother-in-law big time for marrying their fat daughter and buying him a dealership .. but $22,5 ....? ........ are these import dealers .......?
Retail Rd ..... thats the rub .. $25,900 and maybe get $24,500ish and miss the tax difference ...... whats your pay-off...?
Terry.
PS: the golf swing is just a "tinge" above average ... but a new set of hybrids and a carbon driver has made alot of difference, I mean leaps and bounds .......
Repost from earlier. Thanks for the help.
Muscatine, IA
2004 Jeep Grand Cherokee Special Edition
2WD, 6 cyl, auto
Miles: 27,000
Silver Exterior/Black Leather Interior
Non-standard options:
Leather
Trailer Tow Prep
Convienence Package
Keyless Entry
Perfect Interior
Like New Exterior
No mechanical issue
Lot's of life left on the tires
No accidents/non-smoker
Looking to trade or sell to a private party.
Thank you in advance.
Hybrid golf clubs... This whole time I thought Terry was happy because he just got a shipment of Priuses... I know a lot more car lingo than golf lingo!
2001 Accord ex w/leather 4 cyl auto
no sale blue
67k
good rubber
In nawlins La. (no flood)
no dings just spent $200 w/ dent wizard
all maint. records and reciepts
good condition interior
reg ex goodies 6cd moonroof side airbags
car has had 2 minor boo-boos
1. rear qp repaired where I backed into it w/ a 24 foot u-haul. panel repaired but not replaced. taillight replaced w/oem. rear door painted I guess to blend paint, no structural damage a friend in the body shop biz repaired this for me and refused payment, I don't know how much the damage was.
2.front bumper cover replaced and hood repaired. I tried to mate it with a tahoe at a couple of mph. the only damage was a square hole in the bumper cover from the reciever hitch hole on the tahoe and the leading edge of the hood was bent down slightly.
hood was repaired. aftermarket (oem looking) bumpercover installed, no damage to lights or fenders
paid afformentioned body shop $850 out of my pocket.w/ a 500 deductible it wasn't worth a claim
oh what doeth the car gods say?
Location: Bay Area California
Year/Make/Model: 2001 Porsche 911
Body Style: Coupe
Engine: stock, non-turbo
Driveline: RWD, tiptronic
Mileage: 181000
Color: Dark blue over tan leather
Major Options: sun roof
Condition:
According to the seller, very well maintained. All services done on time. Oil changes every 5K (stop this guy from driving and our nation's energy crisis goes away). Exterior is well-kept and professionally detailed regularly. Interior also professionally detailed. Sheepskin seat covers and leather steering-wheel cover since day one.
According to the seller, it looks like it has half the mileage that it really does. But 90K of wear is still a lot if you ask me.
He's asking $25K. I think he's on another planet.
Title:
2001 Pontiac Grand Prix GT
4dr
3.8 V6
FWD Auto, traction control
68,000 miles
OnStart, His/Her A\C, Audio controls in wheel, Trip, etc. computer, auto rear mirror, Power driver seat w/ lumber control, alloys.
Some very light spoting on carpets, seat apear close to new, dash-console-other plastics very clean. Car is black and show every scratch. No damage only light surface scrathing. Has GM extended warranty. Serviced at the dealer. No prior damage or claims.
Location: Louisville, KY
Year/Make/Model: 2004 BMW 645Ci
Body Style: Coupe
Engine: 4.5 V8 Automatic
Driveline: RWD
Mileage: 12050
Color: Black/Dark Red
Major Options: Cold Weather Package, Logic 7 Premium Sound
Condition:
Flawless Exterior/Interior
Tires: 40% worn
Brakes:15% worn(if that)
Maintenance: All performed by local dealer
Other: Sadly, the car suffered significant damage to the doghouse when it t-boned a moron who was running a red light; both air bags deployed. That said, the car drives great-no squeaks/rattles and the quality of the repair work is excellent.
I own this bad boy!!!! No lien........have title.....
It is exactly how I decribed it.....05 Acura TSX (non-navi)....it now has 3,800 miles.
Always garaged!! Has full Tint, Acura Spoiler.....absolute mint condition!
VIN # JH4CL96885C016943.....no accidents, no burger king, KFC, not smoked in!
This is at a Honda Dealer....who says they called around to different in town Acura Dealers....I would assume that is b.s. right?
It is actually cleaner than when I took delivery......I don't get it? Any other ideas on what I can do????
Thanks.....your outstanding!
___________________________________________________________________
...... Am I missing something .....................?
Little bitty miles, auto, garaged and it stands tall ......?
$22,5 seems a little on the weak side, even in this late time of the year ..... I could see $23 from a dealer thats loaded up in inventory and they owe their Mother-in-law big time for marrying their fat daughter and buying him a dealership .. but $22,5 ....? ........ are these import dealers .......?
Retail Rd ..... thats the rub .. $25,900 and maybe get $24,500ish and miss the tax difference ...... whats your pay-off...?
Terry.
PS: the golf swing is just a "tinge" above average ... but a new set of hybrids and a carbon driver has made alot of difference, I mean leaps and bounds .......
Service and Mileage.
Service is good - Miles absolutely buries it.
Speaking of friends and relatives, I have two 'amusing' stories:
A few weeks ago, I was out car shopping with/for a friend (the one with the 35k miles '95 Integra), she ended up 'ordering' (hasn't done the financing yet, you'll see why, I think) a new RSX (in lieu of the all-new Civic that costs $3k less). She has plenty of cash to put down, but long and short, she told me she wanted to put $10k down (or $10k plus the $3k she's getting from a friend for her Integra) and 'end up with ~$200 payments for not more than three years' (she's retiring in three years). This on a car that, after taxes, should cost roughly $24-25k. Anyone have a calculator handy?
Then, last week, I went to my aunt's and notice her '94 Pontiac Bonneville SSE in the yard with a 'For Sale' sign. Not wanting to 'get into it' with my aunt or uncle, I ask a cousin how much she's asking--mind you, these people have to drive 10 miles to the nearest store, so I can't imagine how many miles this thing has on it, and didn't ask. Doesn't matter, really, but I'm sure well over 100k, probably more like 150, if not 200k. It's this strange blue-purple color (kinda looks different in different lights-yeah, one of those), it's in really nice shape in and out, fairly loaded (dual power, leather, alloys, but no moon). I guess they want a new HHR. Cousin says, 'they want $4500', to which I reply, 'that's not gonna happen' then he says 'because that's what they owe.' Jeez Louise. Bad enough they don't have any idea what their car is worth and apparently aren't willing to check, but they that they still owe $4500 on a twelve year-old GM (wonder who wrote that loan) is unbelievable. Just for comparison, I saw a really nice (non-funky burgandy, tan leather, moon, dual power) '97 SSE w/118k recently for $3k on craigslist.
It's the Not-Grounded-In-Reality Players times two.
We are going down the minivan road and replacing the following with a Sienna:
2003 Acura MDX, in Denver
Touring model with DVD entertainment system, NO navigation
35k miles
Sagebrush pearl (greyish green), grey leather
Good condition - couple of door dings, couple minor scratches. Nothing out of the ordinary. Original tires.
Toyota dealer offered $27,000 for trade, but claimed the best bid they got from calling around was $26,200 and they were "borrowing" $800 profit from the Sienna sale.
Since the color van we want won't be in for a couple of weeks, we threw the MDX in the paper, with an asking price of $30,600. No calls - am I priced too high?
What do you think on that trade offer and my asking price in the paper? Thanks!
2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman
Would appreciate your earliest help on this
Thanks, and welcome back from the golf trip... btw, how's your boy Tiger's swing these days ?
We are going to buying a Ford or Dodge truck, so those are dealers that we would be trading it in to.
Here's the info, and thanks in advance for your help!
Location: Los Angeles, CA
Year/Make/Model: 2000 GMC Yukon Denali
Body Style: SUV
Engine: 8 cylinder (?) automatic
Driveline: AWD/4WD ( you can switch between 2WD and 4WD)
Mileage: 71,500
Color: Silver/Grey
Major Options: all the standard luxury stuff (leather, power everything) plus tow brake controller & hitch and hands free phone system
Condition:
Good conditon - very minor dings and scratches - car was detailed recently
Tires - 2 months old
Brakes - one year old
Maintenance - regular maintenance, dealer serviced, all records available.
Other: No accidents or anything. Missing original floor mats, has heavy duty cargo mats instead. This model does not have a 3rd row seat.
We have had this car on cars.com and autotrader for months at prices from $19,900 reduced down to $16,900 (including extended warranty to 2008/100,00 miles) with little interest and no one coming to see it. Just reduced it again today to $15,900.
If you could tell me what it is actually worth to a dealer so I can negoiate a fair deal for the new truck, that would be great!
Thanks!
I don't know the California market, but here in the snow belt coming onto winter, the same vehicle has asking prices of $11,900 to $13,900 at various dealers, some with the 3rd seat. Seems every dealer has 3 or 4 sitting on the lot right now, ready for the first snow, or just coming off a lot of trades from the employee pricing sale.
The lack of the 3rd row seat is going to really make your job of selling it a lot harder, as will the still high gas prices, not to mention the bad press GM has been getting the last couple of days!!!
Terry,
I own this bad boy!!!! No lien........have title.....
It is exactly how I decribed it.....05 Acura TSX (non-navi)....it now has 3,800 miles.
Always garaged!! Has full Tint, Acura Spoiler.....absolute mint condition!
VIN # JH4CL96885C016943.....no accidents, no burger king, KFC, not smoked in!
This is at a Honda Dealer....who says they called around to different in town Acura Dealers....I would assume that is b.s. right?
It is actually cleaner than when I took delivery......I don't get it? Any other ideas on what I can do????
Thanks.....your outstanding!
___________________________________________________________________
...... Am I missing something .....................?
Little bitty miles, auto, garaged and it stands tall ......?
$22,5 seems a little on the weak side, even in this late time of the year ..... I could see $23 from a dealer thats loaded up in inventory and they owe their Mother-in-law big time for marrying their fat daughter and buying him a dealership .. but $22,5 ....? ........ are these import dealers .......?
Retail Rd ..... thats the rub .. $25,900 and maybe get $24,500ish and miss the tax difference ...... whats your pay-off...?
Terry.
PS: the golf swing is just a "tinge" above average ... but a new set of hybrids and a carbon driver has made alot of difference, I mean leaps and bounds .......
Drug hubby over to see the 01 F-250 I've been drooling over, he drove it, got a hinky feeling about it. Dealer offered the F-250 and $4875 for the Titan.
We went home and talked about it, went to Whitespruce Enterprises and upgraded our business trailer. Went from an 18' car/bobcat trailer (12k GVWR) with sides to a 12' 14k GVWR hydralic dump trailer (read: less time/effort unloading the firewood at customers houses). I'll pick it up tomorrow.........ended up being a LOT cheaper than trading the Titan in, lol.........well, it will be after the other trailer is sold.
Should see around $3k for our 18' trailer.......paid $4195 2 years ago, same trailer is $5195 now. Not bad depreciation for a trailer that owes us nothing (has paid for itself twice this fall).
The Titan is safe, the 18' trailer goes to the trailer dealer tomorrow to be put on consignment, and I think we are done.........for now. Next purchase is a firewood processor. (I promise to stay away from the car lots now and the trailer dealer, lol)
Year/Make/Model: Dodge Neon 1997
Body Style: 4dr
Engine: 132 hp
Driveline: fwd
Mileage: 55K (pretty much all stop and go and really short trips)
Color: Blue
Major Options: automatic
Condition:
nothing major except for the other
Tires - ~10K on them. Plenty of tred
Brakes - need to be changed in the next 10K miles or so
Maintenance - oil done every 3k . Major service done promptly.
Other: The car was rear ended (10 mph collision) a couple of months ago. The insurance company totalled it. I then replaced the break light and got the salvage title. The rear end above the light is pretty dented.
At the time of accident, the car was valued at ~3500. I expect it has about zero value as a trade in but I am wondering if it has any as a private sale vehicle. Any input would be appreciated.
Yeah, and I pared the Heartbreaker course 3 times .. "I swear", honest to goodness ..l.o.l.... keep in mind that you can buy a new 05 TSX for in and around $700/$900 over invoice if ya got your shopping shoes on ....... run it around to the Acura dealer(s) in your area and see what they will do .... why are you trading a new Acura for a new Honda ........?
Terry.
That would be nice ..... nothing like having a few vehicles around that folks will pay $1,000/$1,500 over MSRP and you can give them $1,500 less than what their trade is really worth - :surprise: .......... hybrid clubs are a type of iron/wood combo, some are called "rescue, utility or recovery clubs" depending on the manufacturer .. but everyone is building one nowadays, Taylor Made, Cleveland, Callaway, Nike, Cobra, etc etc ... based on the stats from last week, 31% of the Pro's are using them ....... for the right player, they work better than regular irons ....
Terry.
We will be moving to South Dakota and the nearest Acura dealer is 200 plus miles away.....not to much worried about the maintenance issue....Acura's will run forever...but if any type of warranty work needs to be done the nearest Honda dealer will service it, but not do any recall/warranty work....they told me their not an Acura dealer and are not certified to do that type of work....Plus on down the road if we ever go to sell it.....no one will buy since there is no local support for Acura's.
In fact, did a search of the surrounding areas to see how many Acura's were for sale in the local paper and dearlers....not a one.....
But we are not willing to take a huge loss either....might have to bite the bullet....but the trade in value you gave us seems to be very fair....I don't understand why these knuckleheads around here are at least $1K below what you think is a fair trade....and when I brought it up that someone who knows what they are doing is telling us that $23.5 is a fair trade price they said that guy is crazy!
So if you didn't know Terry...your crazy....according to the greater Tampa area Honda Dealers.....How do you like them apples? Well the saga continues!!!!
Hopefully it will work out in the end....will keep you informed as always!
Thanks so much for your time and efforts!!!!!!
___________________________________________________________________
... **This is at a Honda Dealer.... who says they called around to different in town Acura Dealers..**
Yeah, and I pared the Heartbreaker course 3 times .. "I swear", honest to goodness ..l.o.l.... keep in mind that you can buy a new 05 TSX for in and around $700/$900 over invoice if ya got your shopping shoes on ....... run it around to the Acura dealer(s) in your area and see what they will do .... why are you trading a new Acura for a new Honda ........?
Terry.
I know that Wilma is coming but ~ South Dakota...? .... I know, you're packing the Harleys and movin' to Sturgis, right ...?
Crazy ...??? ... tell me something I don't know ........
Golly gee, do I see some TSX auto's going for some strong money at the Florida auctions .................?
09/14/05 ALOHA Lease $24,500 41 Above WHITE 4G A Yes
08/25/05 NEVADA Factory $24,500 367 Above WHITE 4G A Yes
>>09/08/05 ATLANTA Regular $23,300 >> 8,070 Above SILVER 4G A Yes
09/14/05 MILWAUKE Lease $23,700 10,634 Above BLACK 4G A Yes
>>09/13/05 FAAO Regular $24,200 18,426 Above RED 4G A Yes
09/13/05 FAAO Regular $24,200 19,809 Above SILVER 4G A Yes
Hmm, if someone can get $24 for a high miler at the Florida auction I can't imagine what a low miler will do ......
Terry
I am a little bit country.....and don't get me started on Sturgis!! Oh my lord!!!
But this is a family webpage...have to keep it clean....(plus I'm a sailor...we tend to have very colorful language)
I see your auction figures below.....but I don't quite understand what all the info means....can you break it down a bit? I am just trying to educate myself and this stuff is real interesting!!!! I hate to take time away from your puttin'
Your ALLLLLLLLLLLLLLLL that....and a bag of chips!!!!!!!
Rock On!
__________________________________________________________________
.... **We will be moving to South Dakota ....**
I know that Wilma is coming but ~ South Dakota...? .... I know, you're packing the Harleys and movin' to Sturgis, right ...?
Crazy ...??? ... tell me something I don't know ........
Golly gee, do I see some TSX auto's going for some strong money at the Florida auctions .........................................?
09/14/05 ALOHA Lease $24,500 41 Above WHITE 4G A Yes
08/25/05 NEVADA Factory $24,500 367 Above WHITE 4G A Yes
>>09/08/05 ATLANTA Regular $23,300 >> 8,070 Above SILVER 4G A Yes
09/14/05 MILWAUKE Lease $23,700 10,634 Above BLACK 4G A Yes
>>09/13/05 FAAO Regular $24,200 18,426 Above RED 4G A Yes
09/13/05 FAAO Regular $24,200 19,809 Above SILVER 4G A Yes
Hmm, if someone can gewt $24 for a high miler at the Florida auction I can't imagingine what a low miler will do ......
Terry
FAAO -- auction, in this case the Florida auction
Regular -- it's a regular sale, not a lease, not a buyback, etc
$24,200 -- how much it sold for
19,809 -- mileage
Above -- condition
SILVER -- color
4G -- engine
A -- tranny
In the meantime .. I'm hungry, time for some breakfast ...........
Terry.
Sterling Heights, MI (Detroit Metro)
2003 Ford F-150 Supercrew Lariat 4x4
5.4L/auto
34000 miles
Dark Green out, tan leather in
Options: moonroof, captains chairs, heated front seats, power pedals, power rear slider, LSD, FX4 off road package, towing package
Extras: side steps, soft bed cover, 2-way remote starter, plastic drop-in bedliner, 3M Scotchcal hood/roof
Tires - 33" BFG AT's 50%
Brakes original and solid
Oil changes 3000-3500
All service records which have been minimal
Body perfect - no dings
I'm interested in trade in and private party values should be. Edmunds TMV gives me $18.7k/$20.4k.
Thanks!
Aaron
Dealer Invoice, $22,161 (including $600 advertising) - holdback, $687 - finance and customer cash rebates, $1,500 = $19,974 sale price. The dealer will give me Kelley Blue Book trade-in of $18,100. So this comes out to be a balance of $1,874 plus TTL. Their doc fee is $299 (a bit high but I think this is a fair deal). The reason why I'm thinking about trading the Honda is the Hyundai warranty, additional safety features such as electronic stability control, 5-star crash test rating for both front and side (the Accord only received 4 stars on the side crash rating) leather, etc. I think the Honda drives a tad better, but I wanted to get anyone's opinion on this deal. THANKS VERY MUCH!!