Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options
Comments
Actually $43,000 isn't that bad of a deal on the X5. I'd peg it at about a $40K or so wholesale vehicle... so $43K isnt outrageous at all.
Problem is, some of these super late model, super low mile hiline cars are worth an awful lot...
Bill
Bill is right on the figures, another month or so, you will see them go up a little because of the season change --- I'm driving a 4.4i now that I picked up in May, and in another month I will through it in the paper for a quick sale ...so if your still lookin' ...
And now, there is enough of them around, so the dealers will be discounting them on the new side. Try not to get too excited about all this "Certified stuff" ... you are better off negotiating the deal without the $1,500 BS warranty.. and shopping through Edmunds or someone else, and saving another $1,000 off any type of vehicle, it does not help the resale...
Terry.
95 Acura Integra LS/SE, roof, leather, alloys, 3 door, automatic, original cassette, green/tan, with 26k ORIG MILES, very clean (maybe a ding or two). A friend of mine (58 year old female) is thinking about trading this on a Civic (prob EX sedan). I think she'd probably do OK at a Honda dealer with an Ac, but probably better in the paper. Will the ultra low miles make that big a difference? Thanx.
Let's just say your vehicle had 60K+ on it right now, it would be worth in and around $7,500ish more or less. With your vehicle having 26K on it, and it being a SE, I wouldn't be surprised if a dealer is thinkin' a strong $9,000. "But" it needs to cleaner than the "Board of health, and twice as sanitary" --- and needs -0- across the board.
I hope this helps..
Terry.
I have an opportunity to purchase a 1995 Honda Prelude VTEC. It is black with leather int., ADULT driven, 48,000 miles, non-smoker owner. Person wants $10,500 for it. Is this reasonable? Also, is this car reliable as are other Hondas? Car has not been "modded".
Thanks,
Scott
I'm gonna go to the dealer with her again (I talked her into the Ac and out of a dealer-loaded $19k Civic coupe in 95 to begin with) and we'll see what happens. Thanx again.
Edmunds, KBB, NADA list values anywhere from $16K to $23K for this vehicle. What is a realistic trade #?
Possible replacements included 2001/2002 T&C or Honda Odyssey.
"If" this a very clean vehicle, no parking lot kisses, the interior is sharp and clean -- air is freezing, and there is no need for tires or any type of work to be done, this is a fair price for an Auto. If it's a handshaker, you can negotiate some.
Maybe this will help...
Terry.
Soooo as it stands, it's a AWD, that's a big help, and of course it's a TC LXI with all the "stuff" .. the vehicle is worth something in and around the $17ish+ figure ( real money ) if it's a Limited, it's closer to the $19ish+ figure.. that's if this is clean, not much in the way of the "drive through invasion" and, you can still see the carpets from the fries .... l...o...l...
These are great vehicles and I have always liked these, I feel you will do better with a new TC than a Honda because of all the rebates and such -- Honda's get all the money right now, not because they are the greatest, but because they are so "few" and a large demand is in swing ...
I hope this helps...
Terry.
Is it a manual or an automatic transmission? And a 5-door or 3-door?
TIA
Bill
So figure clean it up nice, do a well-worded ad in the paper and ask $6,950/bo
You ought to be able to sell it for close to that I think.
Bill
Thanks in advance.
If it's extremely nice ( it's got no miles ) --- I'm sure the dealers will be in and around that $35,000ish+ figure, and perhaps a little more ...
Terry.
Bill
Very straight and clean (but dark green).
97,000 miles.
Good tires.
Phila area.
CD player not working.
Thanks. ejp
I'm currently driving an old Ford Aerostar, and happily so. It's worth nothing, it runs great, my "commute" is a couple of miles, and our two-year old loves playing in it. My wife drives a small truck, and that's okay, except it only seats two people, so if the van were to break down for a few days we'd be in trouble. Well, while the weather is still good, it doesn't matter; I bike a lot...
Solution 1: I'm on the waiting list for a new Odyssey. But I don't want to drive a $25k new car. Turns out the Mrs. doesn't want to, either. We've never had car payments, and we don't want to start now, even though we could afford the car.
Solution 2: All we need is a spare car, basically. Any semi-decent hooptie will do. And it's gotta be cheap enough not to warrant collision insurance, for instance.
All this just to give you the flavor.
Now, how to get one?? The cars in the paper are typically overpriced by a factor of two or so, because people have no clue on the car business, but they can call their credit union and get the "blue book price". Good grief. "I know what it's worth" -- ever hear that one?
So how about this: I drive to one of the bigger new-car operations, talk to the used-car manager, and ask if they took anything in trade they're waiting to take to auction, and if they would make me a deal on an older GM front driver. Ten-year-old Buick Century, '93 Lumina, '89 Celebrity in good shape, whatever. But it should be under $2K for sure; no more than $2-400 over auction value, and they don't have to clean it up for me.
Do the pros around here think that might be a reasonable approach? I realize the only way to find out is to try it, but what's your feeling? Has anyone tried this themselves? Anybody been on the receiving end?
Thanks in advance,
-Mathias
East Lansing, MI
I'm not in the business and hadn't considered doing what you suggested, but I guess it's worth a try; the worst they can say is 'no', right? I would think at least sometimes they're happy just to get rid of the cars they might take to auction, or if it's something clean enough to put on the lot, maybe you can buy it before they do the run-through and detail or whatever. Let us know how it goes, if well I may do the same thing next week when my $ is right.
Most dealers have particular wholesalers they deal with ..but, give it a try, it can't hurt. I have on occasion, had a guy walk in and say "hey I will give you ABC for that vehicle" and I will think "hey why not" ---- As long as the consumer .. knows and understands that the vehicle is bought-AS IS- ..Nothing Owed, and Nothing Promised --- etc , etc, ...
Also some food for thought -- Have cash on you ..! whether you are buying a $2,000 vehicle or a $20,000 vehicle. It would surprise people, if I told them how many times I have purchased a vehicle from a private owner with good old American Ca$h --- It's funny what you said, about all the people who think they know what their vehicle is worth -- " I called my Credit Union and it's worth XYZ or my Bank said it's worth ABC --- It just kills me ..l...o..l...
Gee whiz, did the Bank know it needed tires , a timing belt and the air hasn't blown cold since Reagan was in office ..? ...etc -- But many times, if you pull out $$$ and drop it on their table and let them feel, touch and smell it --- everything becomes just a memory...and their Bank, Credit Union or worse yet, their UNCLE who use to be in the business -- go's bye bye ...try it .!
Good Luck..
Terry.
So I'd scan the ads, make a few calls, and then take them to check out the car. Must have bought two dozen jalopies this way over six or seven years, and I got really interested in this whole car business.
One time, I almost bought a $5k, 3-year-old Cavalier in good shape from a dealer, but the inspection turned up that the engine was shot. The haggling on that thing was super easy, because (they said) they'd just taken it on trade and hadn't even cleaned it up yet.
Well, I was so mad, I sent a friend of mine a couple days later to see if they would try and saddle him with that heap, too. Turns out they didn't, so I assume they really hadn't known the engine was trash.
That "learned" me two things: (i) car dealers often won't inspect a trade-in all that carefully -- "looks good to me, will look good to the next guy"seems to be the norm, and (ii) there should be a way to get the cheap cars that a new-car dealer has to wholesale off because he can't have them on his lot. But you have to find someone you can trust to make it work. Given the steady stream of potential buyers we get at work, we really should be able to set something up.
The REALLY good deals that I got or know about are the cars you get from friends and acquaintances, when they'll get $900 on trade on their ten-year old, well maintained car with the rust spots, and they'll sell it to you for $1100.
Open the newspaper want ads, and you're just dealing with the flakes again... I don't have time for this anymore! Heck, one guy started screaming at me because I politely told him I wouldn't be buying his high-mile 4cyl Caravan -- beautiful shape, very clean -- because there was motor oil dripping clear out of the tail pipe!!!
As far as cash money -- of course! Once I coached a lady friend so that upon a sign from me, she'd pull out the wad of green at the right point during the negotiation. Worked, too...
As my grandfather used to say: "Bargeld lacht" -- cash money laughs.
Sheesh. Now you got me started...
Peace!
-Mathias
#1 It is a used vehicle
#2 I have already been approved for up to 15k loan
Q: Where do I start my offer? I have looked up Edmunds.com and Kelly Blue Book
I have seen calculated Trade-in prices, Private Party prices, and Dealer prices. For a '98 (if the engine checks out ok) I only want to spend 14k...as I have yet to still figure in tax, license and registration. The dealer has listed the car 3x @ 20,995, 19,995 and in the paper
17,995. There has only been 1 or 2 listed in the classifieds for over a month now. Private party is not a real option at this point in time.
ANY FEEDBACK, EXPERIENCE OR ADVICE ON THIS MAKE ETC...I WOULD LOVE IT!!!
Would any dealer do a trade-in on an 11 year old car?
Or would they simply laugh me off the lot?
If not, can one hope to get the Kelly $? $2100?
It can be a little exasperating, on your end..and mine.
Many consumers will come into my stores, with just enough information to hang themselves -- as my grandfather used to say, " a little information is dangerous -- and too much is not enough " ---- That's why I recommended taking cash on a purchase.
I got interested in a Benz that had been in the paper for about 6wks, so I called the guy, and checked it out, nice vehicle etc..He laughed at my offer.. but, he was asking the moon, ( and then some ) so, I waited another 2wks ( still in the paper ) - time was running short, because his new Benz was just a day away..but, he wouldn't get of this mind bongling price -- So, I go over his house on the way to an auction, and dropped the cash on his coffee table and said -- Hey, I'm on my way to buy 10 cars today, not 11, so here is the money that I think it's worth -- He says, "Well the day not's over and the Ad is still running" -- Oh well, I'm off to buy some vehicles "see ya"...
He calls me back 8 hrs later and says, "come pick it up" ... I said, I just dropped my offer by $2,500 --- he wasn't very happy but, that's how it ended..
That silly point is, just as my Grandfather used to say " You can be a Lion..and You can be a Tiger -- But, never be a pig...
Peace.
Terry.
A dealer will take this on trade "all day long" -- But, I would recommend that you Retail this little hummer. A dealer will be in and around that $2,000 area ..maybe..( are you sure you are reading Kelly ..? l..o..l.)
But, clean it up -- make it look like a diamond, have all the service records on hand -- and run a 4/5 liner in the biggest newspaper in the area for let's say $3,995 and it will sell in a "Flurry" for $3,500ish..Clean, low mileage vehicles are hard to find anywhere -- and Corolla's are on the top of everyones list...
Good Luck ..
Terry.
Well let's see, it's got 50K (ouch).. no warranty ..? I feel the dealer probably doesn't have much more than $16,000ish in it, and they are not certainly rolling off the New..or Used car lot's, so start em' up at $16,500 and go from there... Or , a loaded up Maxima SE or Gle for a couple grand less ...
I hope this helps...
Terry.
I feel a dealer will be in, and around a $3,000/$3,500 Zipcode (real money), if it's clean and nice.. the miles tube the value of the vehicle..sorry.
Terry.
I'm thinkin' just around $10ish ... (real money) ...
Terry.
Thanks again.
I have a black '98 LC. Zip is 44138.
It has every factory option including tow pkg, gold and wood trim, center & rear differentials.
It's in pretty good condition with a few minor door dings.
Thanks for any help you can give me.
Rob
Also does the salesman make any money off the trade-in?
What I mean is, if my trade is worth 4,000.00 and I ask 3,000.00
in order to get a better price on the new car, does the salesman
see any of that 1000.00?
Just wondering. ejp
Bill
"Real Money" is what a car is worth. I.E. If Kelly Wacko Book or another website or some VMR Guide says your trade is worth, say, $8,000 but they're running through the auctions at $7,000 and If I shop it to 2 or 3 other guys and they hit it between $6,500 and $7,000...
Then that's the real $$.
Original miles are real miles. On older exempt cars, I'll sell and advertise them as exempt unless I have some kind of documentation to back the miles up. I.E. I am driving a (Dont laugh I love these things) 1984 BMW 533i 5-speed right now. I like it 10x better than the 98 740iL I was driving before it. It's showing 133K on the odometer and its' got "original miles" because I have service receipts backing it up enough that I feel safe in advertising it that way..
Bill
I just posted this, and it seems to have vanished into the ether, so here goes again:
My neighbor's sister just bought a new '01 Camry and is looking to get rid of her old car. It's a '93 Corolla, DX I believe, 3spd auto, 170k miles, dealer maintained, runs very well, decent tires, ac works but barely. usual power stuff, no sunroof, no alloys. Car is clean with a few nicks and stone chips. Interior is a little messy, but would clean up well.
Color is a really bizarry brownish/pinkish/metallic mess. Oh well.
This is in Mid-Michigan.
I basically already bought it, but now I need to figure out what to make out the check for... I do want to stay friends with them, too, so I'm looking for a realistic figure.
If someone traded this in at your store, where would you hit it?
Thanks in advance
-Mathias
but, I want a 200.00 to 400.00 over invoice deal on the new car. My trade is worth
4000.00 but I am willing to take 3000.00 for it. I want to take care of the
salesman, (do not get me wrong I do not want to put his kids through
college but I want to make sure he gets paid a decent amount for his time
spent with me) Does he see any of the 1000.00 I am not taking on my trade in?
INKY
Post on Sienna board, too. Given the cost, it's worth a shot.
-Mathias
I can't believe I left out the mileage. Sorry about that. It currently has 48K miles.
Thank you.