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Real-World Trade-In Values

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Comments

  • austin14austin14 Member Posts: 6
    I really appreciate the prompt replies Bill and Terry. Galves said $16,825 on the Passat, so if I can get close to 18K, I'll be very happy with the deal. Anyway, you guys are providing a great service here and it is much appreciated.

    BTW Bill, is there any particular reason you don't like the TL? I know it's a little bland compared to the IS300, but it's fast and dependable ;)

    BlackCoupe: Thanks for the advice -- that's pretty much the way I learned to drive a stick myself. Anyway, she's just flat not interested, but maybe I'll give it one more shot.
  • zapatista2000zapatista2000 Member Posts: 33
    for the advice. i'll give it a shot and see if anyone will actually buy the truck. it runs fine, it's just a cosmetic nightmare.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Why don't I like the TLs?

    Jeez... I dont wanna jinx ya.. but the car does absolutely zero for me. It's quiet, smooth, reliable, has good resale..etc..

    To me its' a boring car. The Type S is a boring car that is also very fast. Again, its' a nice car tho, but I cannoth think of a FWD Japanese near-luxury car that I personally would want to drive (ES300, I30, Millenia, TL..etc)To me they are all quite bland and unexciting. Just not my cup of tea.

    I prefer European cars myself. I'd much rather drive a BMW or Jag or Mercedes..etc..

    But the TL is an excellent product! :)

    Bill
  • black01coupev6black01coupev6 Member Posts: 195
    austin: Offer to buy your fiance something (read: diamonds) with the money you will save by not trading in the VW. She might gain a sudden interest in the joys of a manual transmission.
  • hicairahicaira Member Posts: 276
    For a friend of mine:

    1997 Honda Accord EX
    4 Cyl, auto, sunroof, dark green
    61,000 miles. Fair condition. Dark Green.
    In Los Angeles.

    Many thanks,

    HiC
  • doughboy8doughboy8 Member Posts: 1
    Please evaluate my car for sale:
    1993 Volvo 850 GLT
    114,000 miles
    beige
    leather, sun roof, traction control, moon roof
    good to very good condition
    full service records from one local dealer (Boston area)

    Thanks for taking the time to help.
  • wdoranwdoran Member Posts: 31
    Bill, I plan to trade in My 90 Accord automatic with 121,000 miles. I have an oil pan leak and a cracked windshield, the windshield would cost me $210 to replace. Should I have repairs made or trade car as is. Overall car is in fair condition. Thanks
  • childs57childs57 Member Posts: 15
    Will soon (tomorrow or Saturday) trade 1998 Olds Intrigue GLS four-door on new 2002 Bravada.

    Car has:
    52,000 miles
    Forest Green
    Grey Leather interior-interior clean
    Bose Stereo
    12 Disc CD Changer
    Rear Spoiler
    After-market alarm system
    Aluminum alloy wheels
    Exterior- good condition (normal shopping center dings, no damage, paint glossy)

    Kelly Blue Book says $8535
    NADA guide- $10,650
    Edmunds- $10,405

    What do you say its worth??
    How much should I hold out for when the dealer tries to low-ball me (as usual at this Chevy-Olds-Caddy dealership)??

    Thanks for your help...
  • im_brentwoodim_brentwood Member Posts: 4,883
    I'd say that KBB is pretty close here.

    I'd hit the car myself at $8,500 or so. Maybe $9K if it was perfect....

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    If its' just "fair" then I think $8K-8,500 or so..

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

    You oughta sell it yourself.

    I just sold one with 75K on it like yours but Silver for $9K..

    I'm thinking $7,950/bo Advertise the svc records.. one owner..etc..

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Everything else being equal I think its' a $2,500 car normally. You ought to be closer to $2K.. What you sink into fixing the windsheild you will get back out of it I think.

    Also, it'll make whoever is appraising it look at it in a more positive light. Also give it a good clean.

    I think you can $4,250/bo it in the AutoTrader and get it tho.

    Bill
  • emilyopheliaemilyophelia Member Posts: 8
    Hello, all. I will be trading in my car next week, and I just wanted to make sure I'm heading in the right direction. I have a 2000 Dodge Neon (I can hear the groans already), automatic, 4 door, ES model, moonroof, dark blue, 32000 miles. In great condition-- interior & exterior. A VW Dealer (I'm getting a Golf) gave me an estimate over the phone of $7000. Is that in the ballpark? It's a little lower than kelly or edmunds. Thanks!
  • im_brentwoodim_brentwood Member Posts: 4,883
    That's a trade value that's right in line with the market assuming a clean car.

    Sounds like a fair offer.

    The VW Will do MUCH better at resale time!

    Bill
  • wireless1wireless1 Member Posts: 7
    I am looking for opinions on the trade in and private sale value of a 1996 Civic LX. This is a 4 door sedan model, silver in colour, with an automatic transmission. It has 37K miles. In excellent shape, new tires and has been serviced by the dealer. I does have a small dent on the driver's door. I honestly don't know what it would cost to repair it. I also don't know if the improved sale value would justify fixing it.

    Appreciate the help.

    Rick
  • dardson1dardson1 Member Posts: 696
    When, if ever, does it pay to buy an end-of-year vehicle when the new one's are arriving? Can you ever save enough with the rebates, dealer incentives, and cheap finance rates to out run the added depreciation....say 3yrs down the road? I'm considering an '01 Tahoe LS. It's the color I want, lean on options (which is what I want and not that easy to find), but I trade every 24-36 months. Any thoughts?
  • bglaysherbglaysher Member Posts: 6
    Hi all, quick question - is there any way to come up with a reasonable estimate as to first year depreciation on a 2001 car? I'm considering trading my '01 VW GTI. Edmunds (and others) don't have any info on 2001 values yet... I'm in Canada, so $ values will be quite different from US, but can one pick a ballpark percentage for depreciation?

    Thanks in advance,
    Brett.
  • goralgoral Member Posts: 149
    This is slightly off topic, but related to car auctions.

    My acquintance just bought a '00 Chevy Malibu at a dealer(?) auction (the selling party was American Family insurance). The car was supposed to have 12K miles on it, but there was no way to check it since the car key was missing(???). So he has the winning bid @ $7K, the auction ends, he has his car ready to be towed home AND miraculously the car KEY is handed to him. So he gets home, checks the car and... it has 39K miles! Not only that, he notices the radiator is empty. So he adds some coolant, starts driving the car and the car stalls. He checks the radiator again - empty! He checks the oil - looks like chocolate milk!!! Apparently the head gasket is shot!
    The question is - does he have any recourse?
    He contacted the auction, but they claim they are not responsible. If they are not - than WHO IS???
  • hdmulyhdmuly Member Posts: 7
    i was wondering if you could help me. i am looking at a 2000 leftover(not a demo model) tahoe and was wondering how much discount i should haggle for. the 2002 are coming out this month, if not already out on the market(just not at my dealer). i see people getting $1500 cash back with 6.25 interest rate on the 2001. i am sure i could get better on a 2000. if you could help me or point me in the direction of someone who could i would greatly appreciate it.
    thanks so much!
  • hdmulyhdmuly Member Posts: 7
    i was wondering if you could help me. i am looking at a 2000 leftover(not a demo model) tahoe and was wondering how much discount i should haggle for. the 2002 are coming out this month, if not already out on the market(just not at my dealer). i see people getting $1500 cash back with 6.25 interest rate on the 2001. i am sure i could get better on a 2000. if you could help me or point me in the direction of someone who could i would greatly appreciate it.
    thanks so much!
  • akanglakangl Member Posts: 3,282
    We are getting ready to sell hubby's truck in a couple weeks. I have a number in mind for it and wanted to know if I am way off base here.

    1996 GMC K2500, 6.5L turbo diesel, 80K, extended cab, long bed, tow package, SLE, its pretty loaded up, power windows, mirrors, driver's side seat, locks, am/fm cass/cd, keyless entry, electronic 4WD, 60/40 split bench with a fold down console. It has 2 tone paint.....green and tan, tan cloth interior. Very clean, some minor paint work, but you can't tell at all, good tires and a bed liner. Interior is immaculate, non smoker. It has a nice brush guard and offroad lights on it too. We are the truck's second owner and its always been very well cared for. I am thinking about putting it in the paper for $16,500 and not taking less than $15,500. What do you think?
  • raybearraybear Member Posts: 1,795
    That's the problem with buying at a dealer auction.

    He may have some recourse if the mileage was misrepresented in writing.

    Bill knows a lot more than I do about this stuff.
  • isellpotiacisellpotiac Member Posts: 122
    1995 Ford Mustang V-6,5 speed manual,air,power mirrors,after market tape deck, red in color, steel wheels with 3 matching hub caps and 1 odd, paint work on the hood, airbag light stuck on, a dent the size of an orange on the door AND 140,000 miles! In upstate NY. What is this worth?
  • raybearraybear Member Posts: 1,795
    I'd recommend the customer contact the Kidney Foundation. Sounds like it's better off a donor car.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Geez...

    $1,000? $1,500?

    Ugh...

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    I think $7K-7,500 as it sits if its' otherwise perfect.

    This assumes you contact your local dent wizard/dent doctor.. they can usually get light dents out for like $50-100. Well worth doing IMHO

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Depends... say you trade every 3 years...

    Right now I'd rather see a 98 with 45K miles (Average to highish miles) than a 99with 45K miles (High for a 99 IMO).

    And if you can save $2K+ or so... I'd say go for the leftover. Personally, if there's a subvented rate, I would STRONGLY suggest you lease the 01 Suburban/Yukon/Tahoe..etc.. They have been tanking recently in a big way with resale and I doubt it will get better. Might be a safe way to hedge your bets...

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

    First year? In Canada? TOugh call.

    My thoughts are you ought to be able to sell it privately after a year for something like $2K or so back of original MSRP (Most VWs do not sell near invoice) so figure like $2K back of original invoice or so...

    But it is just a guess... but I think I'm close here.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Your friend I assume is a dealer?

    He should have arbitrated the car sale day. If not, he may be stuck.

    That being said.. a car fromAmerican Family insurance? What was it? A salvage sale car??

    Probably a reason why it sold for $7K for a 2000 Malibu, they're doing way closer to the $10-12K range (Rough guideline).

    Auctions are for those who are experienced...its a great way to get hurt if you are not careful.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    I have no idea... I dont really follow the new car market.

    IMHO you ought to be able to do a solid $2,500 better than you can do on an 01 leftover for it to be worth your while.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Alaska is a weird market from what I know...

    I'd be a lot more likely to check your local paper, or shop it to a couple dealers and then add like $2,500 or so to that... But as an askign price up there.. might well be doable. High for the lower 48 though.

    Bill
  • bglaysherbglaysher Member Posts: 6
    Thanks for the input. I finally found a couple GTI GLS's listed for sale for comparison purposes (couldn't find any previously)... They seemed high (more than I paid for mine new!), but probably had more options.

    There are significant tax advantages to trading in on new purchase here (15% tax only on difference between new and trade in), plus the convenience factor. Of course, dealers take that into account....

    Getting dealers appraisal tomorrow, so we'll see what happens.

    Brett.
  • goralgoral Member Posts: 149
    Actually, he is not a dealer. He went w/ someone who is, though. From what I know, the car has couple "bumps and bruises", but it does have clean title. I told him about the arbitration, but I think it may be too late for that :(
    It's obvious that someone went through some trouble to make the key disappear and then suddenly appear after the auction close. But who could it have been???
  • rroyce10rroyce10 Member Posts: 9,332
    ....... I'm not quite sure if I read the post correctly ... Who is the auction company ..? Odessa, Manheim , etc...

    But, if you go to auction, and the info is incorrect .. the auction takes the vehicle back... Period !

    Last month I bought a 98 Chevy Prism LSI for a friend, and the mileage read 25,287 on a "quick view" -- The markings on the window with the -run #'s- were 12-246 ( GMAC lease lane ) and 25K --- This told told me, it was the the 246 vehicle to run in lane 12 and the mileage was "25Kish" .

    Well anyway, I bid ( based on the info given at the tower, 25K car etc,. ) -- and I get it - nice car, wheels, slider, new rubber, CD, etc..
    When I had the vehicle transported with the 4 other vehicles I bought, I check it out on a saturday (it was purchased on a thursday) --- Well quess what ....? the mileage is not 25,287 --- that's the TRIP odometer mileage, on trip 1 and trip 2 ..NOT.. the odometer mileage.

    The paper work all stated 25, 287, the draft purchase read 25, 287 -- but the real mileage was *37,459* --- The vehicle was represented as 25, 287.

    1 phone call later, and having the vehicle driven back.. and about 4.5 minutes with abritation -- they where more than happy, to give the vehicle back to GMAC -- it was a mistake, I knew it and they knew it. Quality auctions, don't have the time ( or are they willing .. to gamble their reputation on such stuff )

    Was it a inconvenience to me --- of course. Could I have been playing Golf instead -- aaah, Yeh.! But other than that, that's all it really was.

    That's OK, a month later I won $250 on their reverse raffle -- Soooo, now we are even ...l....o...l --- I have been through this now 3 times in 18yrs, except for a little problem I had in Texas in 97 -- They stand behind their market ---

    Dirty oil, ripped seats, no spares, no books , under carriage damage etc.. that is the fault of the buyer -- you gotta' look..
    I hope this helps...

    Terry.
  • goralgoral Member Posts: 149
    I don't know who the auctioneer was, but I don't think it was Manheim.
    I will try to find out...
  • jsimonejsimone Member Posts: 4
    I'm about to trade my 99 Catera in, which has been a great car. I was trying to figure on how much it's really worth ("real money" as you say)
    Also, what would be a good number If I was going to retail it.
    It's Champagne, it has 19,021 miles,Leather heated seats, Bose, spoiler, Sunroof and the Chrome alloys. It's been well kept. I change the oil and filter about every 3 or 4,000 miles , it's very clean inside and out. No dings at all except for one about the size of a dime on the drivers side rear door, which cant be seen unless the sun sits perfect on it and that's all.
    I'm looking at my neighbors Audi A6 4.2 Quattro, it's a 2000 with 13K. It's silver with the grey interior, it has every option including the chromes and it's clean. The sticker was over 51,000 and he asking 45,900. what's a fair offer?
    Thanks again, You do a great service here, it's always fun to look at your opinions, I quess that's why they call it the "real world" here.
    JSimone
  • qwallsqwalls Member Posts: 406
    Hey guys, after a break, I'm looking at '99 Acura RLs again. I just got an email from a local dealer, black, '99, 36k miles. Per the dealer, pristine condition. Just wondering if $28k is still a fair offer for such a vehicle. What are they doing at the auctions now? Thanks.

    Quentin
  • black01coupev6black01coupev6 Member Posts: 195
    I remember the time I had the chance to buy a 99 RL with 45k on it for $20,000. It had some paint on the rear but no frame. I think it was a very good deal but it was the wrong color so I passed. Just wondering if I should've went ahead and jumped on that price, then sold it privately and made some money?
  • qwallsqwalls Member Posts: 406
    Hard to say...sounds like it could have been a good deal for $20k.
  • rroyce10rroyce10 Member Posts: 9,332
    ..... Well, It sounds nice -- and it's got all the toy's --- no miles, and it's the right color.

    If this Catera is "stand tall" and looks showroom -- and the "only" little, bitty, thing that's wrong is a hard to see ding ... this Catera will do in the high $16's, $16,700/$16,900 -- and, if it's a real nice one , it will do $17,000 and some change .. on the right day. Catera's are on the strong side right now, If they are "super clean" and no miles.

    If, you are going to retail it -- for a quick sale .. detail it, and run a 4/5 liner -- and for a quick sale, drop it in the paper for let's say - $19,495/$19,895

    Sooooo, your neighbor want's to dump his Audi huh... ? Did I read this right ...? He is asking how much ...? -- $45,900 -- ...?

    Sometimes, I have to ask -- thank goodness for Lasik surgery ...l....o...l.... Well, that's a great price ------ for him ------
    Audi's are great vehicles, and the A6 with the 4.2 is a barn burner .. I love em', but he is a "tinge" on the high side, no matter what any book say's. IF, the Audi is "In the wrapper" Ya know, drive it to a showroom condition -- it will do a strong $36,000 at the auctions ... I'm thinkin' a more than fair offer, would be $39,000ish --- or find a another vehicle --or -- neighbor... l...o...l...

    I hope this helps ...

    Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    .... Hey how have you been ...?

    Well you know I like these cars, I just picked up a nice 99 in the pearl/tan , nice vehicle ..! 18K all the stuff and super clean.

    If the 3.5RL is like I say, "in the wrapper" or pristine -- and this ( miles are a "tinge" on the high side) vehicle needs nothing but a new owner, the dealer was in and around ( with Nav ..? ) a $26/$27ish number at the auctions -- So Quentin, a $28ish number is a good place to start ...

    Good Luck,

    Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ...... If you run across anymore $20,000 99 RL's, P U L L E A S E -- let me know.

    Unless this was a TMU, salvage or rebuilt vehicle .. I think you have passed up a GREAT deal.

    What am' I saying "think" ... I know you passed up a great deal ...l...o...l..

    Terry.
  • qwallsqwalls Member Posts: 406
    I'm doing great. Thanks for asking. I decided I wanted to look at the 2002 Camry and Altima before I bought anything. The Altima isn't out yet, but a loaded Camry is $30k, which is crazy. The RL seems like a lot better deal. BTW, I don't know yet if this one has NAV.

    Thanks,
    Quentin
  • im_brentwoodim_brentwood Member Posts: 4,883
    2 bouts of insanity!

    (Make that 3 with that $20K 99 RL.. that was a typo.. right? You meant $30K??)

    Insanity 1: Paying $30,000 for a new Camry. What are they thinking?

    Insanity 2: Paying $45,900 for an A6 4.2Q. I'm with Terry, that is one bad puppy, but I think that $39-40K is like.. realistic

    Bill
  • rroyce10rroyce10 Member Posts: 9,332
    ......... Well it's nice to look, and looking at a $30,000 Camry, is kinda like lookin' at a $18,000 Rolex.

    My silly point is, you can buy a real nice Rolex for around $8,000 or less when it's used. Perhaps in this case a pre-owned ES300 Lexus would be a better approach -- and of course, the best approach would be the RL.

    Based on the all the "secret stuff" coming out of Nissan, the new Altima ( which looks and sounds great ) is going to be just a little shy of the Camry XLE ( $30,000...?) -- Soooooo, wait for the new Altima's to be out for 8/10 months and we will see what the market does --- $30,000 who would have thunk it ..?

    Terry.
  • amadeus131amadeus131 Member Posts: 43
    It's been 2.5 years since I've been here, ever since I bought my current vehicle new, with help from many good folks here.

    This is a GREAT thread, would have saved me a lot of trouble back then.

    I have started shopping for the next new vehicle and am wondering how my current ride is faring in the real world:

    1999 Chevy Blazer LS 4x4 2-door, black/beige cloth
    40700 miles, 4-speed auto
    power everything except passenger seat
    remote keyless entry
    CD but no cassette
    heavy-duty towing package
    alloy wheels
    recent tires

    A quick look at the numbers, and it all coming back to me from last time, reminded me not even to look at the Edmunds numbers (meaning no disrespect to this site or its moderators).

    As to its condition, let us say that the vehicle has seen more than its share of food but no smoke (and I don't think you'll find any mustard stains or lurking French fries), there are maybe two of what I guess are called "parking lot kisses" and maybe two scratches that would show if you looked carefully, and other than that it has been maintained with records and is pretty good for a 4x4 SUV that has been driven somewhat more than its fair share for 2.5 years. I live in the Northland of southern Minnesota, where I'd hope that a 4x4 SUV is considered a good thing. I've sure considered it one.

    KBB "good" is giving me in the high $11k area; would I even break $11k on trade?

    And finally, are there classes on learning to pick the "right color"? I can't seem to get it right. My last car: white Pontiac Sunfire, wrong color. This car: black Chevy Blazer, wrong color. If I can't get black or white right, I don't think I trust myself to branch out into the primary colors!

    Maybe I should just get silver and be done with it. :)

    Thanks for the help! Feel free to call me Jack, by the way. I don't like my screen name and am not completely sure what it means/meant.... :)
  • xwebxweb Member Posts: 12
    Package 2 - power locks, keyless/alarm, PW, PM, Cruise, Alloy wheels)
    Floor mats
    Premium stereo: AM/FM/CD/Speakers
    Leather
    Black top coupe package - special black roof, mirrors, black badging, white-background instruments, unique alloy wheels (supposedly only a few thousand of these made, but it's entirely a cosmetic package, no performance difference)
    Bright Red (w/the black roof)
    40K miles
    Good condition. Ding on the front hood right up front just over the right headlight where some joker with a tall truck must have backed into me.
    Some paint missing from back bumper (plastic) -- parallel parking wounds.
    1 small stain on front passenger seat.

    You guys are awesome for providing this info!! It will make it a lot easier to negotiate with some idea what the car is worth.

    My lease buyout is $13K -- but I've already exhausted the miles with 1 year left. (39K/39-mo.)

    So I figure I'll take a bit of a bath on the car either now or in a year (after running up mileage at .20/mile).

    Any hope? And should I fix the ding, paint, and stain before trying to trade? I could try to sell the car privately, but then I'll have to make up the difference out of my own pocket rather than rolling the negative equity into the new lease.

    Suggestions? Thx--x
  • qwallsqwalls Member Posts: 406
    I don't think Nissan can afford to price a loaded Altima at $30k, and expect to sell any. Even with the Camry, I don't think Toyota plans to sell a lot of XLEs. Most will be LEs in the $22-25k range. An Accord EX V6 with leather can be purchased for under $24k. I would expect a loaded Altima to be around $25-26k, but who knows.

    Quentin
  • black01coupev6black01coupev6 Member Posts: 195
    I knew I was passing up a good deal. The car was immaculate. Like I said, it had paint on the back but it was a good job. Only thing that kept me from buying it was the color. It was champagne over tan leather. But it was immaculate tan leather. It was just a few months after I had bought my Coupe though and I was still in love with it and didn't want to take the big hit.

    The other time I could've smacked myself was when I passed up on a 96 328i with 60k for $10,000....
  • qbrozenqbrozen Member Posts: 33,733
    Motor Trend just had a write up on the new Altima. Its going to be around $25K and pushing up around $27K fully loaded. So you're pretty accurate. I really like the new design. They definitely stepped in the right direction with that car.

    now back to your regularly scheduled program.

    '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

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