Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Thanks for the info
Also you got the V8 which typically has better resale then the V12.
I don't want to get bogged down in a legal discussion, but Tomes v. Nationwide Ins. Co. is a simple contract case that deals with the interpretation of a specific provision of an insurance policy. The KY Court of Appeals held that the policy language did not require Nationwide to repair their insured's car with new parts. I assumed that you were dealing with the insurer of the other driver, and in that case the measure of damages is the difference in value before and after the accident. If you are dealing with your own insurer, the policy language will govern what you can recover.
Ah, nuts, I gave you the wrong citation for the case I was thinking of. Never mind! Thanks for the heads up though, and I apologize for turning this into a legal forum!
Not sure of the why and when, but vsaxena leased one...
Something to keep in mind, if you are looking for a used one....
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Edmunds Moderator
Lexington, KY
2003 Pathfinder LE 4WD
3.5 Auto
49K
Black
Loaded, all options. aftermarket in dash DVD, no nav
4 new tires
couple o dings, new brakes, up to date maintenance. no wrecks, clean title. warranty left on engine and drivetrain
I asked if it included diminished value protection and he say it did not.
It's getting harder to see exactly what value "regular" policies offer anymore.
It is Alabaster/Black. Purchased as Lexus CPO April 04. It has 58,000 miles.
Took to Carmax they said average condition with good options.
I think it between clean and average. Some bumper blemishes.
In interest of full disclosure it has been smoked in, and there was damage to the rear bumper by uninsured motorist.
All factory service done by dealer and car repaired at dealer.
I have paid the car off and am thinking that now is the time to do something.
I would like to trade at the Lexus dealer for an RX350 lease or on another cpo Lexus.
What can I expect??? I was thinking I should get 17000-18000 in trade for another Lexus, and about 19000-19500 for a private sale. Probably less for another car.
Am I crazy. I guess I might be to post a message so late.
Thanks
08/10/06 DET METR Lease $16,500 56,836 Avg SILVER 6G A Yes
08/24/06 MANHEIM Lease $15,200 57,644 Avg SILVER 6G A Yes
09/01/06 MANHEIM Regular $15,400 57,648 Avg SILVER 6G Yes
08/11/06 MANHEIM Lease $16,000 57,664 Avg WHITE 6G O Yes
08/30/06 CADE Regular $16,000 58,140 Avg GOLD 6G A Yes
08/17/06 RIVRSIDE Lease $15,500 58,681 Avg WHT 062 6G A Yes
09/06/06 DALLAS Lease $17,200 58,725 Avg BLACK 6G A Yes
08/11/06 RIVRSIDE Lease $15,800 59,542 Avg SIL 1C0 6G A Yes
Amazing how tightly they're clustered... at 5 years old, you'd figure that the condition would vary more than that.
Anyway, given that it's a smoker's car and has "blemishes" on the bumper -- each probably a $500 hit -- and keeping in mind that I'm not a professional, I'd think $15 is all the money on your car.
Which is pretty strong for a five-year-old car in, indeed, "average" condition. It couldn't have been more than $35 new, right? Maybe $32? Nearly half the $$ after all this time, plus it's not like they're cheap to maintain and repair...
What did carmax in their wisdom offer you?
-Mathias
Anyway:
09/06/06 MANHEIM Factory $31,500 15,336 Avg SPKGRPH 6G A Yes
09/06/06 MANHEIM Factory $31,750 15,406 Avg SPKGRAPH 6G A Yes
08/22/06 DRIV Factory $30,600 15,417 Avg SPKGRAPH 6G A Yes
08/08/06 NEVADA Factory $30,500 15,419 Avg SPKGRAPH 6G A Yes
08/22/06 DRIV Factory $31,400 15,744 Avg BLKSAPH 6G A Yes
08/22/06 DRIV Factory $31,400 16,185 Avg TITANIUM 6G A Yes
09/06/06 MANHEIM Factory $30,500 16,255 Avg SPRKGRPH 6G A Yes
08/22/06 DRIV Factory $30,800 16,284 Avg BARRIQUE 6G A Yes
08/23/06 ATLANTA Lease $30,600 16,587 Avg WHITE 6G A Yes
08/22/06 DRIV Factory $30,200 16,672 Avg TITANIUM 6G A Yes
08/09/06 MILWAUKE Regular $30,000 16,685 Avg GRAY 6G A Yes
IOW, $30k before the hit if it had an automatic...
A few sticks shifts::
08/29/06 OHIO Factory $32,000 6,126 Avg ALPINE 6G 6 Yes
08/29/06 OHIO Factory $31,250 3,146 Avg ARCTIC 6G 6 Yes
08/09/06 MANHEIM Factory $30,250 10,039 Avg TITANIUM 6G 6 Yes
08/08/06 NEVADA Factory $30,000 12,414 Avg MONACOBL 6G 6 Yes
08/08/06 NEVADA Factory $30,000 8,106 Avg ELECTRIC 6G 6 Yes
Not so much difference... maybe $28 to $29 ACV.
Where oh where do all those "factory" cars come from???? I thought the 3 was selling like hotcakes, no?
Anyway, I hope this helps.
Good luck,
-Mathias
I feel dumb, but what does 6G A package include, as I said the only thing this car lacks is traction control. I wondering if I should spend a couple hundred reconditioning before the trade.
Not so useful, they all are 6G automatics.
the other fields are:
date of sale
location of sale
"source" i.e. lease return, factory sale, etc...
Price
mileage
condition
I'd say keep driving it...
-Mathias
MSRP was $18,900 but I purchased for approx. $17,000. I know most people that trade-in always think there car is in Excellent condition...but this one is in excellent condition
Thankyou
Year/Make/Model:2001 Ford Windstar SE Sport
Body Style: van
Engine: 3.8Liter engine
Mileage: 69000
Color: exterior- Red; interior - grey
options: keyless entry, PW, PL, Power drivers seat, Single CD, cassette
Condition: good, few paint scratches, some interior stains (but will prob come out with good cleaning)
No accidents
Tires - 50%
Brakes ok
Maintenance - ok, but little records kept. oil changes every 5000 miles
other: rebuilt transmission at 68K
thanks for your help!!!
If it's a 3.0, then it's about $1k more... private party $32 does not sound doable... I'd suggest to drive it *A LOT* and then give it back when the time is up.
The goofy "take over lease" doesn't sound right at all, unless you can find someone who'd put a ton of miles on it and then it'd be cheap.... without the extra mile benefit, I don't think it's an attractive offer... when leasing, I'd go for a new car, thank you very much.
-Mathias
#1 you're paying like you're getting the car new, and you're not.
#2 if the grim reaper comes at the end and assess $2745.37 in "excess wear & tear", guess who gets to pay.
There may be a general solution to #2 -- like an inspection at take-over time -- but I've never heard of it.
-Mathias
2003 F-150 Supercab, xlt sport, silver outside, gray inside
4.6 v8, auto, 2wd, 43k miles
cloth buckets, manual rear slider, limited slip, single cd,
factory sunroof, bedliner, running bds, 17" alloys
I added toolbox, tints
Clean outside, a few scratches on side of bed, few rock chips on grill
Miami FL, never left the state of FL
1 owner - me, non smoker, no pets, inside is clean - no spills, no rip or tears, no hitch - never towed a trailer
Never wrecked
2 new tires on front, rears more than 50% worn, oil changed every 5k - I have receipts
No mechanical problems to date
Thanks for your help.
post#31297
Thankyou,
Depends on the lease co.
Some will take the original lesee off the lease entirely.
Thank You All
IIRC, terry used to say about $500 at retail.
However, lease companies won't negotiate to end a lease early.
Most of them have penalties for early termination.
You have to pay all the payments plus a penalty amount.
If you aren't too buried you could try trading it in for a much cheaper car.
-Mathias
however, that doesn't tell what the dealer spent in recon for the car.
Kelly wholesale is @ $8200, if you can get the car for that reconditioned it would be a pretty good deal.
Thanks, sir.
If you'd come on just once more to let us know what's going on in your life, I'm fairly certain many of us would be pleased to hear the news & wish you well.
Once again, MANY THANKS.
This board is still useful, but not in the way it used to be.
Thank you.