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Real-World Trade-In Values

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Comments

  • qbrozenqbrozen Member Posts: 33,736
    selling maybe, but i definitely wouldn't trade. Based on what I've been reading lately (something i never knew before), you will pay taxes in AZ now when you buy it, then pay taxes again when you register it in Indiana.

    '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

  • hoosierboyhoosierboy Member Posts: 25
    Thanks for the info! So it would be a good idea to sell in AZ and buy a new vehicle in IN? Do you have any thoughts on having a 2 wheel drive in that area?
  • corvettecorvette Member Posts: 11,272
    2WD trucks are very commonplace in the area. Keep tires with quite a bit of tread depth on them and you'll probably be fine.
  • volvomaxvolvomax Member Posts: 5,238
    He bought a used car so there is no "bonus" money involved.
    He got a $4k discount off what he bought, $3k upfront and $1k on the trade in.
  • volvomaxvolvomax Member Posts: 5,238
    Not entirely correct.
    Because Indiana's tax rate is higher than AZ's you would pay the AZ rate. Then when you get to IN you would pay the difference between the 2 rates. Essentially you would pay the full IN rate, but you would not pay the AZ rate PLUS the full IN rate.

    I would either trade or sell the Nissan in AZ. 4X2 trucks do just fine out here, and Nissan's do well.
  • qbrozenqbrozen Member Posts: 33,736
    Does it vary by state? Because I've read a few posts lately here on Edmunds from people who have moved and had to pay state tax all over again in their new state.

    '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

  • kwaycoolkwaycool Member Posts: 24
    I was hoping Terry (or anyone else, for that matter) could take a crack at this:

    2004 Infiniti G35x, in LA
    auto trans, black in/out sedan, AWD
    15K miles

    no premium package but has the important stuff as individual options: leather interior, sunroof, factory radio is great.

    Car is in good shape. Dented the front bumper and cracked a headlight a year or so ago. The body shop did an outstanding job on it, better than new really. Has some scratches on the bumper, and when the driver's door rattles a bit when it shuts if the window is rolled down (that last one is small potatoes, but happens to irritate me).

    Looking for a good number for a private placement sale in Los Angeles.
  • hoosierboyhoosierboy Member Posts: 25
    Ok. So to make sure I have this right...
    If I am happy with the truck (which I am), and 2 wheel drive is fine in Indiana, I should keep the truck? I don't want to sell it if I don't have to. I really like it. I am more concerned with future resale value in IN, and how it will do in the weather. If both of those things are ok, then I will keep it.
  • akanglakangl Member Posts: 3,282
    Ok. So to make sure I have this right...
    If I am happy with the truck (which I am), and 2 wheel drive is fine in Indiana, I should keep the truck? I don't want to sell it if I don't have to. I really like it. I am more concerned with future resale value in IN, and how it will do in the weather. If both of those things are ok, then I will keep it.


    If you like the truck keep it. I have an 04 LE CC 4x4 and it wears Bridgestone Blizzaks in the winter, I hardly ever use 4WD. Its great in 2WD on slick roads especially if you have VDC.
  • theflushtheflush Member Posts: 100
    I live in southern Ohio, which I assume has weather similar to southern Indiana. I currently have a 4WD truck and I probably put it in 4WD about 3 times a year. I will probably be getting rid of it soon and will just drive my new used FWD Corolla all the time.
  • kyfdxkyfdx Moderator Posts: 265,452
    New Albany/Clarksville area is a good 90-100 miles south of Cincinnati... I sure wouldn't sell a vehicle I was happy with, just to get 4WD for that area...

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  • volvomaxvolvomax Member Posts: 5,238
    In AZ a 2WD pickup isn't penalized at resale time.
    In Indiana, there may be some lesser value because it is a 2WD pickup.
    Resale is dependent on many things, overall vehicle condition, mileage, how desireable that vehicle is in a given market, etc.

    Will that truck be worth less in Indiana than AZ? Probably.
    Will it be alot less? Probably not. Most likely only a few hundred dollars.
    If resale is your only concern, keep your truck.
    If you REALLY want a new vehicle, than trade or sell the Nissan in AZ. Very strong market here for Nissan.
  • hoosierboyhoosierboy Member Posts: 25
    Good Point...
  • hoosierboyhoosierboy Member Posts: 25
    I am not as much concerned with losing a few hundred dollars at trade in time as I am about the weather. I spent the first 30 years of my life in the Chicago area, which gets a ton of snow and occasional ice storms. I remember driving my '94 F-150 2WD in those conditions. It was a royal pain. Especially on ice. Our driveway was on an incline, and during one ice storm, the truck slid down the driveway and into the street! :surprise:
    Because of my past experience up north, I was gunshy about having my wife drive a 2wd drive truck again in the winter. But, if the winter weather is milder, then I should be okay. I REALLY did not want to trade it, as I have had zero issues with it, and the payment is really low!
    Thank you all for the help on this. Moving cross country is stressful enough. Now I don't have to add buying a new vehicle to the mix.
    Rob
  • woodywwwoodyww Member Posts: 1,806
    Southern IN may not get quite as much snow as the Northern part of the state statistically--but it's not exactly Miami Beach. And don't forget, parts of it are hilly, with winding 2 lane roads. Try driving from Bloomington to Columbus or French Lick some night during a snow storm, & then decide.....
  • sxzbztsxzbzt Member Posts: 15
    Atlanta GA (30004)
    2005 Nissan 350z touring Roadster
    2300 miles ultra metallic yellow exterior (for some reason I couldn't find this color for the 2006 model on Nissan's website, don't know if they discontinued it) Black leather interior
    18" chrome wheels. V-6 RWD, auto stick.

    Dealer will let me have it for 32k or 34500 out the door.
    What do y'all think?

    Thanks.
    Vince.
  • solaraman2003solaraman2003 Member Posts: 92
    Why is there such a great disparity between the price calculated at KBB and the price at Edmunds? For my car I get roughtly 14k on Edmunds, and roughly 10k on KBB. Why?
  • optimiztoptimizt Member Posts: 1
    Location: Twin Cities, MN

    Year/Make/Model: 1995 Saturn SL2

    Body Style: 4dr

    Mileage: 150k

    Color: Gold w/tan interior

    Major Options: Power windows, door locks, 1 power mirror, I think it has the "better" speaker system with AM/FM/Cassette, Cruise Control, and A/C that still works relatively well.

    Condition:
    Cosmetically, it's probably about average for a car that's more than ten years old. The interior is a little faded, but no major stains/tears/excessive wear. There is a scratch on the dash and some chips in the plastic on the door. The dash is a bit faded too. But the interior looks almost identical to when I bought it used July of 2002. On the outside, it is dent-free (duh, it's a Saturn, it's 90% plastic), but the paint is flaking. There are also some "scratches" on the back bumper from where my sister backed into a rough-cement wall.
    The front tires are less than 5k miles old. The rear ones I've been told have about 10-15k left. One set of brakes pads were replaced about 15k ago. The others have again been there since I bought the car four years ago, but were virtually new when I bought the car.
    Maintenance has been done regularly. The previous owner used the dealership almost exclusively for routine maintainance. I, too, used a Saturn dealership for most of the limited maintainance that I needed. My dad changed the brakes, and when I had the accident (see below) the repairs were done by a shop with a very good reputation. The car uses oil, about 1 liter per thousand miles. The dealership says this is "normal" and they can't find the cause. If I hold a papertowel over the tailpipe, I can tell that some oil is leaking through. The only non-regular things I have had to do in the last four years are: replace a coolant hose, brake pads, new battery (last weekend), and replacement of a plastic piece in the wheel-well that is supposed to protect things from flying into the engine. It sometimes hesitates shifting from 1st to 2nd, especcially if it is cold. Last summer it overheated twice to the point where the check engine light came on, both on days that were 90+ degrees and I was driving long distances. Overall, all of the inspections say that they can't find anything, but the car still isn't perfect. Mostly it's just old, but I'm in a continual state of worry about what could go wrong.

    Other: January 2005 the car slipped on the ice and slid sideways into the sidewalk curb. $800ish insurance claim replaced the front axel, driver's side wheel and tire, and hence alignment. I haven't driven it much in the last 6-9 months, but it seems to be doing okay.

    ***
    Some other questions:

    Kelly Blue Book says I should expect $800, but Edmunds says the TMV for tradein is $100-200. I'm assuming the later is more accurate, but hoping I can get at least $500. Is this reasonable?

    I don't want another Saturn, but I know that you can get a better deal if I went to them. Does that benefit carryover if I, say, went to a Toyota dealership whose owner also owns a Saturn dealership?

    Am I better off just taking the car to a junk yard and seeing if I can sell it directly to them, since that is where it will most likely go? If so, are there any tips for how to negotiate that sale?

    THANK YOU, very much.
  • steine13steine13 Member Posts: 2,825
    Why is there such a great disparity between the price calculated at KBB and the price at Edmunds?

    Car dealers pay for KBB.
    We (consumers) pay for Edmunds... no wait, we DON'T pay for Edmunds :-)

    I suppose they get their money from advertisers. But Edmunds is definitely consumer oriented.

    Here I leave room for everyone to mumble something appreciative about how Edmunds provides data and web space (such as this) for free.

    As a rule, both do not add/subtract enough for miles that are lower/higher than average. Neither keeps up with seasonal and geographical fluctuations.

    And neither writes checks.

    -Mathias
  • tkethumpertkethumper Member Posts: 10
    Yes Geo, he does use the IT'S HUGE!! tagline. And I tell you what, they can make the deals happen. I didn't buy a new Hyundai though, I bought one of their used vehicles. :shades:
  • toasttoast Member Posts: 50
    Trying to determine a fair trade in value for a 2001
    Arizona
    Mitsubishi Montero XLS/ sunroof.
    50,000 miles
    Silver
    Tires are 2 months old
    good condition
    all required maintenance done

    Thanks
  • volvomaxvolvomax Member Posts: 5,238
    Both are just "guesstimates"
    Sometimes they are close, sometimes they aren't.
    Also, the data is usually out of date by the time it is compiled and processed.
    Next, there are 2 KBB's. One the dealers see and one the consumers see online. The KBB "trade value" bears no resemblence to the KBB wholesale and retail values dealers recieve every month.
  • dkuhajdadkuhajda Member Posts: 487
    That engine is notorious for leaking head gaskets and valve seals, either is probably the source of the oil. I am betting on the head gasket since the car also overheats with no obvious reason.

    Junk yards won't probably want it, it doesn't have the value in the metal that other cars will have. Salvage yards might, but on a car that old you might get $25 for it.

    Trade side and you will get basically zero for the car. It has about a -$200 value to a dealer. The disposal costs plus the labor time to move the car around and handle the paperwork.

    If you want $500 for it, park in the obvious location near the trailer park with $500 in the window and says runs. :sick:
  • solaraman2003solaraman2003 Member Posts: 92
    I can understand that they are "guesstimates".

    But for one to be around $10k, and the other to be $14k, to me it is very confusing and practically...worthless.

    I could see if they were off by $1k, or perhaps even $2k, but to have a difference of $4k is hard for me to understand.
  • volvodan1volvodan1 Member Posts: 188
    One other thing to remember: it doesn't matter if the 4WD/AWD is only used 2-3 times per year for most people, it's the perception that they "NEED" it. Just as a big chunk of resale is based on perception, not reality.

    Of course in vehicle values, perception IS reality.
  • rrsafetyrrsafety Member Posts: 38
    "That is an easy one. $2000 trade side is about all the money on a minivan that if the A/C were good, and no dents, would look at $4-5K dealer retail side.

    We do lots of those less than perfect DGCs at the BHPH and get them all day long at and around $2K-2.5K at 5-7 years old, 100K+, not quite the prettiest ones and maybe a minor mechanical thing or two.

    The condensor coils are known issues on that vehicle, a mere $1200 at the dealer should fix the A/C. The dent will need to be seen at a body shop to determine the value hit that will bring. Take any trade offer that goes over $2000 ACV."


    Here is a follow up question, if I get the AC fixed (and you are correct, it will be about $1300) will I get any of that back if I trade it in next spring? I'm in that nether world of wanting to buy next spring, but it will cost $1300 in AC fixes if I do.... will they pay more if I get the AC fixed? Thanks.
  • zodiac2004zodiac2004 Member Posts: 458
    Here is a follow up question, if I get the AC fixed (and you are correct, it will be about $1300) will I get any of that back if I trade it in next spring? I'm in that nether world of wanting to buy next spring, but it will cost $1300 in AC fixes if I do.... will they pay more if I get the AC fixed? Thanks

    Find parts at a junkyard, and get it fixed for much less than that.
    If you do spend 1300 at the dealer, you will recover a few hundred of it when you sell it.
  • joesimpsonjoesimpson Member Posts: 1
    Hello all,

    Looking for a trade in value on the following car:

    Orlando, FL
    2002 VW Passat GLS 4dr
    1.8 Turbo Automatic FWD
    39,500 miles
    Dark blue, Sunroof, Monsoon, Leather, Homelink.
    Good condition, new tires two months ago, original brakes, routine maintenance completed, original owner.

    Thank you in advance for your help.

    JS
  • volvomaxvolvomax Member Posts: 5,238
    can understand that they are "guesstimates".

    But for one to be around $10k, and the other to be $14k, to me it is very confusing and practically...worthless.

    I could see if they were off by $1k, or perhaps even $2k, but to have a difference of $4k is hard for me to understand.


    You've hit the nail on the head, they are practically worthless.
    Imagine that you are buying and selling stocks, the price can change from day to day. Yet, you are basing your decisions on an estimate that only comes out once a month and is obsolete when you recieve it.
    Wholesaling cars is an art, not a science. Like trading stocks you have to be able to percieve trends and somewhat predict the future.
  • dkuhajdadkuhajda Member Posts: 487
    FYI you are not going to find a good condensor coil for that vintage of Chrysler at a junk yard, they all are bad. The part is the minor part of the cost to replace it, the labor is the killer.

    Chrysler extended the warranty to 80K or 7 years on the A/C condensor, unknown if they extended it any further.
  • anonymouspostsanonymousposts Member Posts: 3,802
  • steine13steine13 Member Posts: 2,825
    (i) I wouldn't sweat it; there WILL be another bid in the last minute of the sale, if not before. I personally never bid but in the final seconds; why show my cards early?

    (ii) I made a dumb remark over in CCBA; the Buy-It-Now is not an option once there is a 'normal' bid, of course. I'm guessing you'll come up close to that price if not over.

    -Mathias
  • robr2robr2 Member Posts: 8,805
    Where are the spiders going to live now??
  • jaserbjaserb Member Posts: 820
    Minor correction - Buy-It-Now is available until the reserve has been met.

    -Jason
  • lemmerlemmer Member Posts: 2,689
    What was the Buy-It-Now price before the bidding reached the reserve on the car in question?
  • anonymouspostsanonymousposts Member Posts: 3,802
    The Buy-It-Now price was $7495. Kinda high on the private party side but a couple grand less than retail.

    robr: The spiders have been dispaced. Between us finishing the basement and selling the Lexus they are out of luck. I doubt the TSX will stay parked long enough for the spiders to build a teepee, much less a condo.
  • lemmerlemmer Member Posts: 2,689
    Good job on your auction - a nice car with a well written ad and good pictures will usually do well. I actually slipped in a bid yesterday, but it went a little higher than I wanted to go. It would have been hard to explain to the wife why I needed it anyway in addition to my G35 sedan and RX300.
  • mark156mark156 Member Posts: 1,915
    Anony, I'm a little confused.... I thought the Lexus sold for $6,755? I didn't see where there was a "Buy it now price" listed. Did you remove it? If not, did the Lexus actually sell for $6,755? :confuse:

    Mark :D (who has never bought anything on Ebay)
    2010 Land Rover LR4, 2013 Honda CR-V, 2009 Bentley GTC, 1990 MB 500SL, 2001 MB S500, 2007 Lincoln TC, 1964 RR Silver Cloud III, 1995 MB E320 Cab., 2015 Prevost Liberty Coach
  • corvettecorvette Member Posts: 11,272
    I think the BIN price goes away once the reserve is met.

    You should give eBay a try. One of the secretaries here just bought a digital postage scale for $39.95 at the post office. I've bought one with the same capabilities for less than half that (even counting shipping) on eBay...
  • anonymouspostsanonymousposts Member Posts: 3,802
    but I am not getting a good vibe at all from the buyer. I am beginning to regret selling it .. even though I've spent the last 3 years trying to convince Gee to sell it. Hmmm....
  • bretfrazbretfraz Member Posts: 2,021
    awwwww...... SNAP!

    I wish I was paying attention. I hate it when I miss a great deal. At that price I would have definitely bid on it. Just what I was looking for. My Lexus-freak buddy and I would have made the trek from Gwinnett Co. to see the car. He'd prolly have killed me if I didn't buy it or try to win the bid.

    If something changes with the deal, LMK.
  • lemmerlemmer Member Posts: 2,689
    Was the high bidder the guy who came down to look at it? I always get nervous about people who bid on an eBay car without coming to see it.
  • anonymouspostsanonymousposts Member Posts: 3,802
    the buyer has 11 hours to place his $500.00 deposit. Again, neither Gee or myself are getting a great vibe from this guy. The guy who came and looked at it is not the same guy who won it.
  • kyleangekyleange Member Posts: 1
    Bump.

    Hello all,

    Looking for a trade in value on the following car:

    Orlando, FL
    2002 VW Passat GLS 4dr
    1.8 Turbo Automatic FWD
    39,500 miles
    Dark blue, Sunroof, Monsoon, Leather, Homelink.
    Good condition, new tires two months ago, original brakes, routine maintenance completed, original owner.

    Thank you in advance for your help.

    JS
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    A national personal finance magazine is looking to interview consumers who have recently used Edmunds.com and its True Market Value pricing guide to successfully negotiate a good deal. Please send an e-mail to ctalati@edmunds.com no later than Friday, June 30, 2006 by 2:00 PM PST/5:00 EST containing your daytime contact information and what car your purchased.

    MODERATOR /ADMINISTRATOR
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    2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
    Review your vehicle

  • student22student22 Member Posts: 33
    Hi Terry, could you please give me a trade in value on the following vehicle
    2004 Ford Escape XLS Value in Oklahoma 73113
    5 Speed Manual 2.0 Liter 4 Cylinder 2 Wheel drive 22,000 Miles
    Tilt, Cruise, Power locks Power windows single CD Player
    True Blue(dark blue)Exterior and Medium Graphite (gray) interior Paint 2" dent near wheel well dent dr could fix maybe otherwise good condition throughout. Brakes are fine 80% michelin tires have 85% plus tread all dealer maintained and up to date. with receipts. Thanks
  • thenebeanthenebean Member Posts: 1,124
    hi terry (and all you other helpful folks!)

    my boss has a vehicle that she is looking to possibly trade or sell. a private party and trade in value would be VERY helpful!

    2000 Honda Odyssey EX
    no leather, no dvd
    light green/gray color
    60,000 miles
    a/c kicked the bucket ($3000 to fix)
    rear hatch dinged - but will be fixed under insurance
    front bumper scuffed
    small ding on driver side door
    clean interior
    parked in wethersfield CT (just south of hartford)
    maintenance kept up to date - not sure on tires/brakes

    any help would be appreciated - remember folks - this is my boss here! ;)

    many thanks,

    thene :)
  • hunnydewhunnydew Member Posts: 26
    Hello all! Does anyone have an idea as to how much I should expect as a trade for my car?

    Ft. Myers, FL
    2000 Ford Focus ZX3
    3dr Hatchback
    4 cyl 2.0 (I think
    Front wheel drive, Automatic
    91000 miles
    Malibu Blue (vibrant blue)
    15" alloy wheels, tinted windows, power sunroof, single CD
    The car has 2 new tires and 2 old tires. The brakes, right front CV boot/axel, and engine/transmission mounts were replaced just a few months ago.
    The A/C blows air but the air the comes out is either warm or just slightly cooled... nothing like it should be.
    The paint on the roof is very dull but the rest of the car is shiny. Just had the hood repainted because it rusted and peeled. Several scratches that are probably average for a 6 year old car. Front bumper has a 3 inch crack.
    This car was damaged in a front end and rear in collision. Damages have been repaired.

    Any and all help is really appreciated. :)
  • smittynycsmittynyc Member Posts: 289
    anon,

    I hope the sale works out for you. That was a first-rate eBay presentation you guys put together -- the car looked fantastic.

    (I'm not in the market for a high-miler Lexus 900 miles from home, so don't get any optimistic ideas.)
  • bretfrazbretfraz Member Posts: 2,021
    I'm sure it will work out for them. If the auction winner doesn't buy it, I will. It's a great looking car, that's for sure.
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