Real-World Trade-In Values

yooper53 · May 2006

U.P., the land of 11 month winters, or so it seems...

)

jims63139 · May 2006

I'm looking at a 2003 Element EX, 2 wd, 5 speed handshaker, dark blue with 24500 miles, vin 5J6YH17573L018771. Is located in a suburb of St louis in a Honda dealer's inventory. Carfax shows 2 owners (with the second 1 being the current dealer?). Also, shows as being an auction vehicle, one private owner but auctioned as a fleet vehicle? ? Can anyone explain?
Anyway, looks and drives well. Is CPO'd. What do you think the dealer has in it and what would be a fair offer?It has been at dealer for about 2 months and when I went to look at it, it had a dead battery from sitting....
Thanks in advance!
Jim

jeffyscott · May 2006

Seems like about $1000 the lowest asking price for a vehicle that runs, does that sound about right? And would maybe $800 be about the selling price for private party sale?

I may sell a 1991 Nissan Sentra with about 150,000 miles. 1.6 liter engine and 4 speed automatic transmission. It is pretty junky, the radio and A/C do not work, it has some rust incuding rust through behind wheels, and the headliner is starting to detach. It does have new tires and brakes.

I was thinking I would try asking $1000 and take $800. I'm figuring people may be willing to overpay for good gas mileage, with gas at ~$3 per gallon again.

ironcladlou · May 2006

Hello! Was just curious if anyone had any info on trade in values for my Scion xB. Here's the info:

Location: Charleston, SC (29464)
Year/Make/Model: 2005 Scion xB
Body Style: 4 door
Engine: Whatever the stock engine is, auto transmission
Driveline: FWD
Mileage: ~21,500
Color: Black interior and exterior, fabric
Major Options: No major options, MP3 CD player
Condition:
Small chip on the lower left of front windshield.
1 tire brand new (replaced due to flat), rest stock and probably balding
Brakes - not sure, need checked
Maintenance - regular oil changes every 5k miles
Other: Nothing else. Pretty straightforward.

If I left anything out, please let me know. It's pretty much a stock model. No special rims or options. Thanks!

div2 · May 2006

Both are located in Louisville, KY
Vehicle #1:
Year/Make/Model:1999 Jeep Wrangler Sahara Full Doors Canvas Roof
Body Style: 2dr
Engine:4.0 six, five speed manual
Driveline: 4WD
Mileage:96000
Color: Exterior:Tan Interior:Green/Tan
Major Options: A/C, Cruise, AM/FM/Cassette.
Condition:
Overall: Very Good to excellent
Tires - 25% worn
Brakes @30% worn
Maintenance: All services up to date

Vehicle #2:
Year/Make/Model:2001 BMW 330Xi
Body Style: 4dr
Engine: 3.0 Six, Five speed manual
Driveline: AWD
Mileage:83,000
Color: Exterior: Bright Red Interior: Tan
Major Options: Alloys, Cold Weather Pkg., Sunroof, In Dash CD
Condition:
Overall: Excellent, though rear alloys are curbed a bit
Tires - No more than 20% worn
Brakes: Unknown
Maintenance: Unknown, but I assume there is a full service history
Thanks again!

cschneider3 · May 2006

I'm hoping to someone can help me, I'm looking to Trade-in my 2005 Chevy Equinox LT AWD and looking for a real world trade in value.

Here are the Specs:
* 2005 AWD LT, Dark Grey with Grey Leather
*Top of the Line Packaging Includes:
* 18,700 Miles
* Premium Sound System
* 6 Disc CD Changer
* Heated Leather Seats
* OnStar
* XM Radio
* Cruise Control
* Radio Control Buttons on Steering Wheel
* Leather wrapped Sterring Wheel
* Power Sun-roof
* 17" Aluminum Wheels
* Towing Package
* Never been in an accident, and General Maintence Recorded in manual, oil changed every 2,000 miles and tires rotated every 6,000 (with 7/32 Thread Left)
* It is located in the Milwaukee area if that is needed.

That should sum it up. If someone could help me out that would be great, I looked on Kelly Blue Book but wondering what I could get from a Dealer.

Another Question: I'm looking to Trade the 2005 Equinox in and pay in full my next car, are dealers willing to drop the price of vehicles if you offer to pay in full with the Trade-in?

Thanks for your help!

volvomax · May 2006

Equinox's are going thru Manheim between $16,17000.

Offering to pay in full with a trade won't change the price of a car from a dealer. If anything, a dealer may charge more since they won't be getting any F&I income.
It may reduce or eliminate the state sales tax, depending on how your state handles the tax.

jimbres · May 2006

Would 1 of you folks with auto sales experience like to take a shot at this in Terry's absence? Don't worry about hurting my feelings.

It's spring on Long Island - about 30 miles east of NYC - & my wife has her eye on a new Lexus. What can we get for her current ride?

1999 Lexus ES 300
Mileage: 86.5K
Exterior color: light green-grey (I forget what Lexus called this color. Sage, maybe?)
Interior color: taupe leather
Options: in-dash CD changer
vehicle stability control
heated leather seats w/driver side memory
sunroof
Exterior condition: no hits, no accidents, no repaints. Car has 8-10 of the usual suburban parking lot nicks. Paint shows no signs of fading & shines up nicely. Overall, somewhat better than average for a car of this age & mileage.
Interior condition: Outside driver's seat bolster shows signs of wear: scratches in leather. Otherwise, interior is clean. No French fry attacks or fruit fly infestations. Smokers can't ride in our cars.
Tires: all 4 were replaced in early 2004 - about 25K miles ago. Recently, our mechanic found that the front 2 were badly worn. He realigned the front & replaced those tires. As you'd expect with a front-driver, the rear tires, which don't do much work, have most of their tread life in front of them.
Mechanical issues: none. All major systems (A/C, etc.) are performing to spec. Everything works.
We're looking for private sale & trade values. A relative has expressed interest in buying the car.

Thanks for your help.

tomsr1 · May 2006

I would like value of this trade in:Locatio-San Diego
Miles-47700
Model-Kia Sorento AWD EX
LUXURY PKG.
Leather
ABS
Auto Trans
6 CD changer
Moonroof
Power windows,door locks,
cruise control.
power drivers seat
cargo tray,
compass,altimeter,outside temp,
Automatic climate control
recent tire,brakes,
looks new inside and out,
color green/gey,int dark grey
records,no accidents

volvomax · May 2006

ACV somewhere $11-12,000

spektre · May 2006

Anyone want to hazard a trade-in value on this one located just North of Boston, MA:

2004 Audi Allroad Wagon
2.7T Automatic Quattro AWD
21000 Miles
Silver w/ Silver/gray leather interior
Premium Package -
Leather Upholstery
Glass Sunroof
Homelink Remote Transmitter
Auto-Dimming Interior Mirror W/Compass
Auto-Dimming Exterior Mirrors
Memory For Driver Side Seat Adjustment
Memory For Side Mirror Positions
Xenon Headlights
Multi-Function Steering Wheel
Manual Rear Side Window Sunshades
17" 5-Spoke Wheel W/Twin Spoke Design
w/ Unique All-Season Tires
Northeast Emissions
Bose(r) Premium Sound System
w/ XM Satellite Radio
Cold Weather Package -
Heated Front & Rear Seats
Ski Sack

Interior and Exterior Good to Very Good
All service done, with records; no accidents

volvomax · May 2006

According to Manheim, $27-28000

olliegator · May 2006

Location -- Orlando, FL

2005 Nissan Altima 2.5S
24,000 miles
Smoke Grey w/ black interior
Automatic Transmission
Standard options on the S (PW, PL, Remote Keyless, power drivers seat, floor mats, cargo net, steering wheel audio controls, cruise)
Moonroof
Moonroof wind deflector

In an accident (rear ended) $12,500 in damage. The repair job is almost flawless (and will be flawless once Allstate completes the repairs.)

I have two questions. What should I expect from a dealer in trade-in value (or what should I require from them) and what would this car be worth if it had never been in an accident?

TIA, OllieGator

breld · May 2006

For those who work in the industry, how does one approach pricing on demos/manager's cars?

The local Infiniti dealer (in Denver) has this on their lot:

2006 M35x
5,000 miles
White/black leather
Journey package
Tech package
MSRP of about $51,000

I didn't try to go into details, but the salesperson claimed they were providing "steep" discounts for this demo/manager's car.

So, any guesses on what "steep" means to them, and what a fair price would be for such a car?

volvomax · May 2006

These cars are going thru auction @ $14-14500 in unmolested condition.
W/ 12,500 damage I am surprised the car wasn't totalled.
That kind of damage means the frame has been tweaked and that is the kiss of death.
I would expect that car to bring somewhere between $8-10,000, but it could bring less depending on the quality of the repair.

[Deleted User] · May 2006

Considering trading or selling on our own, what numbers should I hope to get?

Location: Denver, CO
Year/Make/Model: 2001/Honda/Civic EX Cloth
Body Style: 4dr
Engine: 4cyl, 5-Speed
Driveline: FWD
Mileage: 68000
Color: Silver/Gray
Major Options: PW, PL, Single CD, Cruise Control, Dual Front/Side air bags, Sunroof
Condition: Good
Tires: Replaced 5K Miles ago
Brakes: Original, probably need to be replaced soon
Maintenance: Regularly done through dealer

Thanks

cccompson · May 2006

Agreed - I amazed they didn't total it out because it is now worth less than the cost of the repairs.

steine13 · May 2006

I'm not amazed, cuz they don't care what it's worth now... it was $15 to buy you a new one vs. $12 to fix it... $3 in their pocket.

The thing to do -- but there aren't a lot of people around to tell you this -- is to take the check and sell the wreck. This requires you to cough up some $$$ of your own money, though, and therefore is no fun. But any way you slice it, that money's gone.. unless you state has "diminished value".
Most don't.

Been there, done that, now I like older cars...

-Mathias

corvette · May 2006

DV often depends on whether he's claiming it on his own insurance or a third party's, but that's probably a question for the insurance topic.

You have a good point about liking older cars. Many people like to buy a new vehicle, use it regularly, and keep it in pristine condition, but all of that effort is for naught when some jerk with no insurance and no driving skills damages it, and it never drives the same after the wreck, plus it ends up looking like Freddy Kruger did the body work.

jm1fd · May 2006

Hey guys! I've been gone from the board for quite a while. Is Terry still on here? I looked back a few pages and didn't see any posts from him. What about that crazy woman from Alaska that had to buy a new car every 4 weeks? Anyways...I'm trying to get a feel for the market values of SRT-10s...I've noticed that they've depreciated beautifully over the past few years.

To sum up: what are the low mileage 2005 regular cab SRT-10s going for at the auction, and is Terry still around?

c2c · May 2006

Location: Baton Rouge, LA
2003 Kia Sorento LX
4dr
3.5L V6 Automatic
RWD
27,121 miles
Light Blue(ext.)/Grey(int. cloth)
Alloy Wheels; no other major options
Interior/Exterior in good condition with only minor wear
Tires - 20% worn
Brakes - Good condition
Maintenance - Regularly scheduled done; no repairs needed

volvomax · May 2006

Reg cab SRT-10's are going for between $32-34000 according to Manheim.

volvomax · May 2006

Figure between $10-11000

akangl · May 2006

What about that crazy woman from Alaska that had to buy a new car every 4 weeks?

Hehehe, that would be me, however, up until Monday it had been 18 months since I had bought a car.

guss · May 2006

In other words , about a day and a half.

akangl · May 2006

In other words , about a day and a half

The car was way too good of a deal to pass up, we needed something good on gas since Zippy is leaving in 6 weeks along with the Titan.

jm1fd · May 2006

Wow. That's a lot stronger than I expected. A leftover new 2005 sold for $35k on eBay a week or two ago. I would've figured that they'd be going for no more than $30k used at the auction.

jm1fd · May 2006

LOL. That's cool that you're still around.

So where's Terry?

volvomax · May 2006

With gas prices the way they are, give it another month and I would bet you would see lower auction prices.

uncle_rico · May 2006

Location: Dallas/Ft. Worth
2001 Nissan Pathfinder LE
3.5 Liter V6
2WD
88,600
Exterior: Light Blue
Interior: Ebony
Leather, wood interior, sun roof, power memory seats, heated side mirrors, Bose, alloy wheels
Exterior condition: one inch scratch on passenger side rear door, cracked fog light
Interior - CD player not working (typical), otherwise execellent...garage kept, non-smoker.
Tires - 40% worn
Brakes good condition
Maintenance - regular, no repairs.

volvomax · May 2006

Figure $8-9000 at auction.
Thats a car that has to stay in the Southwest because of the 2WD, but it doesn't hurt inside of that market.

[Deleted User] · May 2006

Unless you skipped me on purpose

Considering trading or selling on our own, what numbers should I hope to get?

Location: Denver, CO
Year/Make/Model: 2001/Honda/Civic EX Cloth
Body Style: 4dr
Engine: 4cyl, 5-Speed
Driveline: FWD
Mileage: 68000
Color: Silver/Gray
Major Options: PW, PL, Single CD, Cruise Control, Dual Front/Side air bags, Sunroof
Condition: Good
Tires: Replaced 5K Miles ago
Brakes: Original, probably need to be replaced soon
Maintenance: Regularly done through dealer

Thanks

volvomax · May 2006

Sorry, thought I got ya.

Auction says wholesale @ $7-7500
If you retail it probably @$8500-9000.

div2 · May 2006

I'd like trade and retail values if possible; it's located in Louisville, KY

Year/Make/Model:1999 Jeep Wrangler Sahara Full Doors Canvas Roof
Body Style: 2dr
Engine:4.0 six, five speed manual
Driveline: 4WD
Mileage:96000
Color: Exterior:Tan Interior:Green/Tan
Major Options: A/C, Cruise, AM/FM/Cassette.
Condition:
Overall: Very Good to excellent
Tires - 25% worn
Brakes 30% worn
Maintenance: All services up to date

corvette · May 2006

MIA. As I like to speculate, perhaps he is discussing some exciting investment opportunities with Malcolm Bricklin.

jlawrence01 · May 2006

Doubt if Terry would get involved with a start-up. He was one of the original KIA dealers ...

sandman46 · May 2006

Volvomax,

If you could give me a figure on my car, it would be greatly appreciated.

2003 Sentra GXE
Silver/Silver
Auto Tranny w/ 28,600 miles
The usual few scratches and nicks but cleans up real pretty. Wax it by a car wash every 3 months here in South Florida
Power Pack
Seat covers on the seats so fabric looks like new
Been approached by several co-workers who want 1st shot at it cause they know it's maintained religiously with 4k dino changes & appropriate maintenance by the manual service
Tires look pretty meaty still...about 75% tread left
Brakes in great condition
4 door sedan with the 1.8 engine
Everything works

Am thinking of a new Honda Civic or Volvo S40 as a replacement. TIA for your help.

The Sandman

olliegator · May 2006

Yeah, the repair came to $12,500, and with the rental car they paid for $1,800 more. They still wouldn't total it. I had GAP insurance and told them about it, but got nowhere. Now is it back in the shop for some additional repairs they failed to make the first time (probably another $1,500).

I'm going to go after them for diminished value since I'm a third-party claimant, but I'm having a lot of trouble finding someone to pur the value before and after in writing. My wife's afraid to drive the car for saftey reasons, so we may have to eat some negative equity and claim DV on the back end.

What can you do? I can tell you I haven't been in good hands with Allstate, that's for sure.

volvomax · May 2006

Got a few miles on that one.
Auction is running @ $8000-9000, which is pretty strong.
Honestly, Jeeps aren't my thing, I'd probably hit it @$5-6000 myself. Don't know where these guys are laying those off.
I'd guess a trade would be @$7000 if its in nice shape.

volvomax · May 2006

Sentras are running through between $6-7000.
If it is REALLY nice maybe $7500

dkuhajda · May 2006

I would take it into your big Nissan dealer for a full inspection before signing on delivery of the car from the shop this second time. If they find anything, time to talk to Allstate about the car not being able to be repaired to the condition it was before the accident after two attempts so you want it totalled and they can keep the car.

div2 · May 2006

Thanks!

heel2toe · May 2006

Am musing about trading in one or the other, so I would appreciate a compound response if possible.

Vehicle: 1999 Toyota Camry LE V6
Location: Dallas, TX
Body: 4dr sedan
Engine: 3.0L V6
Driveline: FWD
Mileage: 125000
Color: Beige/Tan
Options: Sun Roof, Alloy Wheels, Traction Control
Condition: Tires are good, body is in better than typical shape, car has a nearly perfect maintenance history (all service done, less than $700 in non-maintenance repairs).
Other: Has had bumper surgery on 2 occasions.

Vehicle: 2004 Honda Pilot EX
Location: Dallas, TX
Body Style: SUV
Engine: 3.5L V6
Driveline: AWD
Mileage: 27500
Color: Silver/Gray
Options: Typical EX
Condition: pristine, new tires.
Other: Has had a fender replaced for a deer collision

corvette · May 2006

What state are you in? Try a Google search for "diminished value" (in quotes) and appraiser and your state name as secondary search terms. They charge for an inspection and opinion, but the diminished value appraiser will probably speak with you regarding what to expect with no obligation to you.

corvette · May 2006

Doubt if Terry would get involved with a start-up. He was one of the original KIA dealers ...

I remember, that's why I find it amusing to say that. :P

squirreljam · May 2006

Terry:

Looking for enlightenment here, please, and failing that, some good info on my car...

St Louis Missouri...
2004 TSX black on black...
manual trans, no nav...
30,320 miles...
extremely mint condition, still has remnants of new car smell - BUT - has had rear bumper cladding (only) re-sprayed as got scratched through with no mechanical damage; also scratch on one wheel...
Sneakers (original) have 5 - 10K left on them, not more...
Maintenance per the book by dealer...

Whaddaya think is fair?

Thank you,
Squirrel

jims63139 · May 2006

Looking for a trade value:

St. Louis area
03 Element EX - dark blue
24K
5 speed manual
no other options
very clean, no accidents or problems

Thanks,
Jim

jaybee · May 2006

Detroit area
2002 Toyota RAV4 4WD
87,000 miles
silver
auto, air, pw/pl, cruise, CD
looks brand new (honest), interior flawless
tires and brakes fairly new
original owner
However, was in accident (front end) over 2 years ago (approx $6K damage). Airbags never deployed. I can't tell that it has been repaired, but I'm sure a professional will be able to.
Also, does it make any difference that I will be trading in on a luxury car (either BMW or Lexus)? Will they give me more because their cars are so much?

Thanks for your help.

[Deleted User] · May 2006

No problem, not like you're busy or anything

Thanks!

volvomax · May 2006

Camry is probably $4-5000 trade.

Pilot is tougher.
Fender has been replaced, that means that the Honda body sticker is gone and thats a no-no.
If the Carfax shows an accident, that compounds things.
If it was a straight up car, probably $21500-22000 trade.
W/ a replaced fender $20-21000
W/ a bad Carfax $18-19000

Real-World Trade-In Values

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