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Its a Hyundai w/ high miles.
There is no such thing as highway miles when it comes to appraising cars.
I think that car is worth somewhere @ $8-9000 wholesale.
You mentioned comparable cars,did they also have 86,000 miles?
Frankly, what carmax does does NOT dictate reality. The reality is pretty simple, really ... cars fetch different money in different areas of the country DEPENDING on certain factors.
Yes, an Accord is an Accord and you will most likely have very similar pricing across the board. BUT, take something like ... oh, i dunno, a FWD Santa Fe. That car will NOT get as much money in the snow belt as it will down south. (and, yes, I know yours is not FWD, i'm just using an example.) Likewise, AWD will not matter quite as much down south as in the north. Same issue with colors. Black on black leather is not so popular where the 90 degree heat is beating on it all year round, so that combo does better in the NE.
As others have explained, many used vehicles need reconditioning. Remember that "market ready" number you saw in galves? Well there it is. The bottom number is a car that needs help, the top number is for one that is "frontline ready." A dealer will pay more for a car they can simply drop a sign in and put it out front. If they plan on taking it to auction or even if they want to sell it themselves but need to clean it up, etc, they will have to deduct accordingly.
Maybe your car is frontline ready and maybe that's why you got the $8800 offer.
And, finally, I don't mean to be rude or offend you, but I know I sure as heck wouldn't pay $12k for an 86k mile santa fe. Scratch that. Forget the Santa Fe part. I wouldn't pay $12k for just about any entry-level SUV with 86k miles.
'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
I know someone who paid 10,500 for a 2002 Freelander with 52,000 miles on it at the AUCTION.
That story does not have a happy ending. I will be telling it on the salesfront line thread later.
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Well, this is neither here nor there, but having lived in the snowbelt for the better part of a decade and driving all manner of SUVs - Explorer, 4Runner, Forrester, Santa Fe - Unless you are comparing it to a $45-$50K BMW or Lexus, the Hyundai is most certainly not an "entry-level" SUV. Maybe people have a misconception about the Santa Fe, or Hyundais, or look primarily at the price, but the difference between a 4Runner and the Santa Fe is marginal.
If you've never driven one, you'd be surprised. I would put it a half step below a Honda or Toyota, or Nissan, but it blows anything made by GM, Ford, or Dodge / Chrysler out of the water.
Anyhow, thanks to all for the input.
I'm not sure what your beef is--that car dealers make money selling used cars? If you really think you can get $12K for an 86K mile Hyundai, then start advertising it.
Personally, I'd take $8800 trade-in for an 86K mile Hyundai in a heartbeat. Assuming you're not overpaying for the new car. And don't forget the sales tax advantage--worth $440 in MA. I'd bet--you'd be lucky to get more than a few hundred $$ over that selling it privately, if that, no matter what the absolute highest value quoted by various guides is.....& no matter how great you think it is, I doubt that 86K mile Hyundais are in huge demand.....
Location: Fayetteville, NC
Year/Make/Model: 2004/Ford/Mustang
Body Style: Coupe
Engine: 3.9L V6
Driveline: Automatic, RWD
Mileage: 26,000
Color: Silver with charcoal interior
Major Options: Mach 1000 sound system (subwoofers, amplifiers, 6-disc changer), power driver's seat, spoiler, alloy wheels, ABS/traction control, aftermarket dark blue exterior accent decals
Condition: Good
Details of interior and exterior, including dings, scratches etc. Some minor wear appropriate for age and mileage- would easily recondition back to 100% (no dents, deep scratches, stains, etc.)
Tires - approx. 40% worn
Brakes - approx. 40% worn
Maintenance - all records
Other: Indicate prior damage/insurance claims, repaints, etc. No damage, claims, or repaints
$10,000 is prob. all the money on a trade.
I hope she ends up wanting to keep it a while longer. She had a 2001 that was nearly identical, and when she lost that in an accident which was the other driver's fault, she absolutely had to replace it with the exact same car. I tried to tell her to get one of the new 2005 styles, or at least a stick shift, something different, more exciting, fun. Now, she's already tired of it, and looking at new ones... (I haven't yet said, "I told you so").
And of course you never will if you want to get out of this by only having to but a new car.
I had my RX-7 stolen back in 1989, I went out and did the same thing and replaced with the exact same car, just a different color. I liked the car and for some reason I just needed to get rid of it on my terms and not some thieves. I kept the second car about a year .
There's a simple question I always ask myself: "would I pay that much for it?"
If you feel you'd pay $12k for your truck, then you should either keep it or try to sell it yourself for that price.
'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
It's a hard lesson to learn, but the market is what it is. Whether or not someone thinks it's fair.
That's my main gripe about car review magazines and web sites - they tell you all about the car, except its historical resale value.
I wish there was a standardized Morningstar-type rating system... where does this vehicle stand in relation to its peers in terms of resale value.
Something like that might affect a lot of people's buying decisions.
For instance I was cross shopping several vans, and ended up with a Sienna (4 stars, good resale). I was very tempted by the Entourage's strong value, but it gets a rather pathetic 1 star rating. :sick:
My neighbor is encouraging me to run it through a local dealer auction and says via black book I can get 7K easy.
Thanks
Location: [Charleston, WV]
2002/VW/Jetta GLS 1.8T:
Body Style: [4dr]
Engine: [1.8T, 4 cylinder, manual]
Driveline: [FWD]
Mileage: 80K
Color: [Silver/Black]
Major Options: [17" OEM, sun roof, Monsoon, OEM Eibach (Sports Package)]
Condition:
Good condition 1 ding on door (no paint damage), rock chips on hood, normal wear and tear.
Tires - 10K on new Kumho Ecstas
How do you run it through a dealer auction yourself??? And $5500-$6k IS the dealer auction price.
'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
Thanks for the quote .. thats brutal .. I'm thinking Ill slap a for sale sign on it and get 6K privately.
So you should look for more than that privately. I think you should advertise it for $7900 and take $7k.
Heck, I wouldn't mind an MT 1.8T GLS for $7k.
too bad my driveway is WAY too full!
'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
I may do exactly as you suggest .. advertise and see what happens.
Thanks.
I have a theory, based mainly on reading these forums, that it's invariably the owners of kind of low-end, "fringe" auto makes, like Hyundai, or even saturn, who are either: 1. most convinced that their car is the greatest car on the planet, or 2. are adamant when selling that it's worth way more than it is.
Way more than most owners of lux brands like bmw or lexus, who usually seem to know that it's just "worth what it's worth". But I suppose car dealers & salespeople see just about everything.....
I think they are trying to justify their purchases, and know that they have a low (or lower) reputation and are trying to build them up....so to speak
I haven't read Kiplingers for the past few years, but at one time their annual car issues listed residual/resale value, rated as a separate category.
At the time I drove a Miata that was tops in that class. Since then, I went to a Ford (Lincoln) product that is certainly near, if not at, the bottom.
I definitely feel the pain.
My next car will probably be a leased BMW. I've enjoyed all of the American car depreciation I can stand.
The stick is the wild card... OTOH, rust shouldn't be an issue. I've been to Charleston, the streets are like a flippin' museum.
Good luck to you. Be advised the 1.8T engine has been a problem from VW; you HAVE to use synthetic, and you HAVE to change it fairly frequently. A lot of them coke up, even if maintained by the dealer... by '02, I think the dealers should have figured it out.
"Shud" is a four-letter word. I won't by any of those myself unless I had it checked out AND had all the service records. But they're nice cars, very solid.
I'm guessing more like "not quite $8k" on the street. But it's tough to tell.
Good luck,
-Mathias
05/10/07 W PALM Regular $7,100 72,744 Avg BLACK 4GT 5 Yes
...
05/31/07 FRDKBURG Regular $6,600 78,197 Avg SILVER 4GT A Yes
05/08/07 COLORADO Regular $8,900 78,470 Above BLACK 4GT A Yes
05/28/07 AYCOCK Regular $6,200 79,056 Avg GREEN 4GT A Yes
05/23/07 DENVER Lease $6,500 79,543 Avg BLUE 4GT 5 Yes
06/06/07 OHIO Lease $5,500 80,546 Below BLUE 4GT A Yes
05/23/07 KC Regular $8,400 80,643 Avg BLACK 4GT A Yes
06/06/07 CEN FLA Regular $6,600 80,770 Avg BLACK 4GT A Yes
05/31/07 ST PETE Lease $5,450 81,193 Below WHITE 4GT A Yes
05/29/07 LOS ANGL Regular $8,200 81,393 Avg SILVER 4GT A Yes
05/31/07 SO CAL Regular $6,400 81,463 Avg SILVER 4GT A Yes
05/09/07 KC Regular $6,900 81,623 Avg SILVER 4GT A Yes
05/31/07 ATLANTA Regular $8,200 82,875 Avg WHITE 4GT A Yes
05/22/07 HATFIELD Regular $6,700 84,336 Avg SILVER 4GT A Yes
05/31/07 SO CAL Regular $7,000 85,031 Avg SILVER 4GT A Yes
05/10/07 CHICAGO Regular $7,300 85,112 Avg BLACK 4GT A Yes
05/09/07 BAY CITI Regular $5,400 85,184 Below SILVER 4GT Yes
05/30/07 SAN DIEG Regular $6,800 86,173 Avg BLACK 4GT A Yes
06/06/07 SAN DIEG Regular $5,200 86,177 Below BLACK 4GT A Yes
05/30/07 CADE Regular $7,000 86,837 Avg RED 4GT A Yes
...
05/24/07 GTR TMPA Regular $4,400 89,200 Below SILVER 4GT 5
05/22/07 ARENA Regular $4,300 93,061 Below BLUE 4GT 5 No
05/08/07 SKYLINE Regular $5,900 93,720 Below BLUE 4GT 5 Yes
05/23/07 CADE Regular $7,000 94,145 Avg BLUE 4GT M Yes
funny you should mention the syn ... I have used Mobil1 syn from day one, im a bit a vw nut and have tried to baby the thing per vw instructions.
Sale date
Auction location
Type of sale (regular or off-lease)
Auction price
Vehicle mileage
Vehicle condition
Transmission (A=auto, 5=manual)
Not sure what Yes/No is all about..
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So, I would be willing to buy his Jetta, knowing that it has been maintained. But the same car on a lot? Much more of a crap shoot.
I also go by "feel", in that you can usually tell people that like their cars, and take care of them. Seeing them at their home gives an impression too.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
-2003 Chevy S10 LS 3dr
-4.3 V6, AT
-36K miles
-Light Pewter Metallic
-ZQ8 suspension, locking differential, 3.42 gear, spray-in bed liner done when truck was new, quiet Flowmaster muffler (converter unmolested), PW/PDL/CC/keyless entry, Heated mirrors, AM/FM/single disc CD.
-Interior: one defect of paint chipping on the on/off button for the stereo; rest is clean and scratch/gouge free
-Exterior: Truck looks factory-no boy racer BS; dime-sized door ding on drivers door, typical small rock chips any car gets from being driven and they get touched up as soon as I see them.
-Maintenance: 6K on new BFG tires, 7K on brakes, other scheduled maintenance performed and up to date by combo of myself and dealer.
No wrecks/insurance claims
I desire to get a more family-friendly vehicle so it's time for this good little truck to take a bow.
As ridiculous as it sounds, it gives me the warm fuzzies when I get the original keys and books with the car. I just bought a 22-year-old conversion van (rf. CCBA) that has both sets of original keys. Yay! And I can't find anything wrong with it except the decor and a certain looseness in the steering. I believe they came that way from the factory. Tie rods, ball joints, brakes, cooling, all seems to be fine. No records, no book (darned thing does not have a real glove compartment), but it's fine.
I don't know how people EVER lose the books. They're where? In the glove box. Nobody except gearheads ever "reads" them, people look stuff up and then, if they have any gray matter at all, they put them back. MOST of the time you buy an 8-year-old car, the book is gone. How is this possible?
Thanks, I feel much better now.
BTW, I have seen a professional car dealer buy cars at auction. With his own money, mind you: "I'll bid on this one, this one, and that one." Just like that. But they did come from the state fleet so he knows they've been maintained, and if it had frame damage, it'd be announced.
At any rate, whenever possible, private owners are the way to go.
EXCEPT: When the car is < 6 years old, they owe too much and want payoff. "I don't want to make a profit, I'm just asking what I owe" -- at that point, any 'negotiation' is usually over. And they don't know from cars, usually, but unfortunately they all can read. Kelly Blue Book pays pretty good money for old cars...
-Mathias
if you have any info on a 06 lexus rx400h with 28K on it I would appreciate the help.
its a car on a local lot that I am looking @. having baby need family car blah....
this is going to sound shady but i talked to a guy on another lot that claims the dealer holding the lex only has like 30 in it and would let it go for that ... im obviously skeptical. before i inquire i would like to see some real world data.
thanks again.
wagon of some sort, possibly an Audi A4 or VW Passat. Here goes:
Lexington, KY
4d SUV
3.5 V6, auto
4WD (2wd, auto, hi, lo)
black/black leather
58,800 miles
all options except rear dvd
tires are 90% new, brakes, front rotors might need turned
vehicle has been maintained regularly by both Nissan and indy guy. all service records.
a few dings, some inside normal wear. after market stereo with DVD player, sat. radio and ipod control
1. What are they selling for at auction?
2. What would be a fair price to pay for this vehicle from a Acura dealer as a certified vehicle that has been sitting on the lot for 3 months. The dealer claims that they have 27k in the truck. I’m calling BS!
3. What is this thing worth as a Trade?
$30k-$31k would be the trade value for one with AWD and none of the other stuff mentioned above.
$27k-$28k for FWD and no extras.
The extras run about $600 for DVD, $500 for audio, and $1k for Nav.
Now, why would a dealer have $30k into it and let it go for that? $0 profit? unlikely.
'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
If really doesn't matter what the dealer has in it. Its worth what its worth. If they insist they've got $27k in it, then they need a new used car manager who doesn't grossly overpay for vehicles. ;b
'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
The 3 best used cars I've ever owned were from dealers: 2 bmw's, & 1 (pre-GM) saab. All very low mileage, with the books, the records, history, keys, 1 local owner, etc. And on 2 of those occasions I managed to trade in a very troublesome vehicle (1 VW, 1 LR) at a very good price.
But they were all new-ish, $20-$30K cars, so that probably proves your point. And the private sellers of cars with loans or leases: they all want you to pay off their loan, & then you supposedly get the title from their finance co. I did that once, & it worked out, but I wouldn't do it again.....too much uncertainty.
good point on the profit .. like i said, i stopped by a dealer and he gave me the lead.
I know its awd and has nav .. not sure on teh levinson.
thanks again.
Most people who buy bimmers take reasonable care of them, or better. It kinda goes with the territory when you're spending big bucks.
And there aren't many buyers for $20k+ used cars, which helps in getting a good deal.
Ford Escorts in their later years were perfectly decent, boring, solid and reliable cars. But most of them you find on used-car lots are junk because they have been mistreated or not maintained. Usually both, sorta like the small Korean cars.
It's about the cars, but it's also about the owners.
-Mathias
And most that have been properly maintained and well treated are still with their original owners.
I agree. Maybe my point was that I "think" it's possible to divine the care a used car has had even when it's on a dealer's lot. With the books, records, even a warranty, & if it "glows in the dark" (was that a Terry phrase)?
The last $30K bmw I was going to buy from a private seller looked great, the seller seemed great, & then "later" in the negotiations it turned out that he was suing bmw for undisclosed paint repairs when he bought it new, but had "neglected" to mention it at first.
As much as people rag on car salespeople, which is often deserved, I sort of think the bad ones are way more obvious than private sellers with something to hide.
But of course we're talking about totally different types of cars & price ranges, & I get your point about buying lower priced older cars.....cheers, woody
Located in Lubbock, Texas. Approximately 300-350 miles to Dallas/Fort Worth area.
2006 Toyota Corolla LE,4-Door, 5-Speed.
Looking at buying a new Toyota Camry.
One Owner, 7,300 MILES. No Smoker. Garage Kept.
AM/FM Radio, 6-Disk In Dash CD Player.
Car is in Very Good (Excellent) Condition. This is my car (61-years old), so not raced or anything.
Cactus Mica (Turquoise) Exterior, with Light Gray Interior.
Like new Michelin 16 inch HydroEdge Tires.
ENKIE Wheels, Black 16 inch.
I bought the tires and wheels at Discount Tires. They look great with this color.
Thanks,
CUSAFR
One Owner. Very Low Miles.
2002 Honda Accord EX-L V-6, 4-Door.
14,600 MILES. No Smoker. Garage Kept.
Six Cylinder, Automatic. Power Windows, Locks, Seats.
Radio, Tape, 6-Disk In Dash CD Player.
Automatic Climate Control.
Home-link Garage Door Opener.
Car is in Very Good Condition. A scratch on the interior console. Other minor scratches on exterior, but in really good shape.
Desert Mist (Gold) Exterior, with Tan leather Interior.
Like new Michelin HydroEdge Tires.
Located in Lubbock, Texas.
Probably will try to sell private party and trade-in the Corolla.
Thanks,
CUSAFR
Look, guys, I don't think my 04 Santa Fe is some great vehicle, certainly not the "best ever" as someone seems to think. However, as I said, I've driven quite a few and put a vehicle through it's paces as the 86K miles in 3 years should attest and this Santa Fe is not significantly below the 4Runner in quality, simple as that.
All I want is to get a FAIR value for my trade and until I happened upon the Galves Price List, there was no fathomable reason I was being offered up to $3K below blue book value.
Is it annoying that this vehicle has lousy resale value ? Yes, but I didn't buy it for it's resale value. And why am I selling it if I think it's so great ? I don't live in Syracuse any longer so it's not crucial that I have AWD, and since gas mileage is only so-so on the Santa Fe, it makes sense to a) get newer, b) get more quality for the money instead of the AWD, and c) get better gas mileage. As for this, the reason I posted in the first place, as described above, is because I was being offered considerably lower than the LOWEST value quoted in the various quides. I had to pay $5 to get access to Galves to find anything to coroborate the trade offer.
The problem is you have to convince about 300 million americans to believe that before the resale values will match Toyota's.
It takes time. The public's perception lags many, many years behind reality.
It may not seem fair, but Hyundai sold some truly lousy products in this country and the public remembers those well. There were at the receiving end of many jokes.
Residuals will be poor until they produce quality cars for many years and that message gets around to everybody.
Might knock it a bit for being a manual.
TX dealer is only likely to give you $11-12,000.
Car is prob a mid teens car retail
2001 Honda Civic EX Coupe
4 cyl Auto
104,000 miles (mostly highway)
Silver ext., Black cloth int.
Interior in "excellent" condition
Exterior in "good" condition - a few minor dings
Cincinnati, OH