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
The two statements "would be snapped up fast" and "it's not worth it" are not mutually exclusive.
These old Hondas are good cars, and some of the best in terms of sophistication AND simplicity. But they're usually overpriced, and there always seems to be someone who wants it worse than you do.
I had a '91 Civic Si with 210k from California in early 2006, and I got $1700 for it inside of a very few days. When it was snowing.
No air, a little rust here and there, loosey-goosey handling, but a decent little runner. People go nuts over those cars.
Sane people typically buy something else, though...
-Mathias
5 speed, ran and shfted pretty good. It was a college kids car, but his father is a mechanic, so it was (supposedly) maintained.
Asking 1,600. From talking with the mom, a grand in cash could easily take it home.
Probably an OK deal, for the price of a muffler and some minor stuff, and a lot of elbow grease. Could also grenade out, so who knows.
If this car was clean as the board of health, I would have paid the 1.6K and ran.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
The question is whether the rust is so advanced that the car will fall apart before you attain the mileage. And in about 80% of the cases, the rust is just surface.
2006 Honda Accord
2 Dr
3.0 V6 6MT
FWD
5,100
Red with tan leather
Roof, 6 Disc CD/XM, 17" Alloys, Honda Front & Rear Underbody Spoiler, Keyless Entry
Car is in pristine condition with virtually no wear. I would like to know the trade in value. I am *considering* a trade on a Honda Pilot EX-L AWD. Can anybody offer some insight on the trade value itself and how much I'd expect to lose if I made such a trade? I read the buyers experiences and I know that some have mentioned that July may offer better incentives on the Pilots. Bottom line is I probably won't pull the trigger if the difference is too great. Any advice on the best way to approach the trade is appreciated.
If you are concerned about minimizing loss, a private sale would be best.
Just keep in mind that end of year incentives work both ways. New cars are cheaper,but U/C values drop as well.
1. It's a coupe...not many people want these.
2. It's a manual...even tougher to find a buyer.
3. It's red...very tough color.
Still, you never know. There may just be someone (like yourself)out there who is looking for this very car?
Thanks again.
This car is in perfect shape. It was driven about 2 months before I came into possession of it. I’m looking for a little help on setting an asking price.
MSRP = $28,400
Dealer Invoice = $26,265
Is $26K too much to ask for a “used” car?
Any input is greatly appreciated.
Location: Chattanooga, TN
Year/Make/Model: 2007/Nissan/Altima
Body Style: 4dr
Engine: 3.5 liter, 6 cylinder, auto (CVT w/ manual shift capability)
Driveline: FWD
Mileage: 2000 miles
Color: Slate gray exterior/ black leather interior
Major Options: alloy wheels, sun roof, traction control system, Xenon headlights, 8-way power driver seat, leather interior, Bose AM/FM radio w/ in dash 6-disc cd/mp3 changer, bluetooth capability.
Condition:
Car is in mint condition. Purchased in March. Garage kept & driven for 2 months.
Other: None
Used is used. Life's not fair but you gotta beat their price by maybe 10% or so to attract buyers.
I'm going to take a hit on it. Just hoping to minimize my losses and do better than trading it in or surrendering it to the bank (worst case).
I'm also battling dealer financing. I spoke to the salesman that sold the car originally and their dealership is currently offering 2.9% His advice was to list it on craigslist.
'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
And, remember, since the estate is divided between 2 people, whatever you get above wholesale by selling it on your own, minus advertising, detailing, etc, would be divided between 2 people. SOOO... if you net an extra thousand bucks, you get $500 for your troubles.
'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
That would put private party at $22,000
Can you give me an idea of trade in value for a 2002 Lexus RX300. 91,800 miles, 2WD, white, sunroof, roofrack, leather, CD changer, all the standard Lexus stuff, just no nav, hid's or heated seats. In very good condition, tires have about 1 yr left on them, no tears or stains in interior, just a couple of parking lot door dings on exterior.
Thanks
Peggy
Trade range is going to be between $12-14,000
Prob closer to the $12-13 range.
Peggy
Let them take it back, or at least wholesale it to a new-car dealer. Take it to three of them, and sell it to the highest bidder.
Here's what's gonna happen otherwise:
You will get calls from tire kickers, looky-loos, and kooks. You will be subjected to some of the worst chiselers out there, some of whom will come by two and three times without ever making an outright offer. This will wear you down.
When you finally give in and sell it for $1,800 more than the highest dealer offer you got, and have worried sufficiently about whether the cashier's check you got was good...
... then the sibling's spouse will tell you that you "gave the car away."
I just went through this, minus the sibling part. Got my truck sold tonight, finally, and got $1,400 less than I thought I could get -- this with professional advice -- plus I was subjected to some of the finest grinding techniques I have ever witnessed, never mind practised myself. My mind is much easier now that it's gone. And now that I spent 15 minutes looking at individual $100 bills and checking water marks and security strips. Sheesh.
Do what you want, but don't act before you've given the matter some serious thought. I've sold 25 or so cars in the last decade. I'd HATE to have a $20+ car to sell.
Cheers,
-Mathias
Thanks for the good advice.
As somebody who hates to deal with the buying & selling cars, your point is definitely hitting home with me & I'm rethinking my plans.
Another option that I've considered is trading the car in on a truck (say in the $10K range) & dump the negative equity in the Altima into the loan on the truck. I figure that if I'm buying another car from the dealer that they're more likely to give me a better price on the Altima, by balancing the profit they'll make on the truck vs. trade-in on the Altima.
Does that make sense at all?
Whew! Surrendering it to the bank is making more sense & is definitely the path of least resistance. I just hate the idea of the bank selling the car for $15k at auction & then having to pay them $12k. Ugh!
There's a location in Atlanta, which is fairly close.
Reasonable course of action, but only if you would have bought the truck in the first place.
I'm leaning towards what robbieg said about that: how do you know the bank will get market value for the car? Also, how do you know whether how the bank sells it is strictly on the up & up? Are they required to give you info on what auction they put it in, price realized, etc? If the bank rips you off, or sells it incompetently, I doubt you'd have much recourse.
I'd take it to carmax if there's one near you. If that fails, see what a few car dealers will give you.
P.S.-What is the loan balance, or did I miss that part?
I took it by a Nissan dealership today and they said that they could give me $22K + or - $200-300. They're having a tough time pricing it 'cause it's so new.
Going to check out another dealership tomorrow.
Option #4c - My wife's sister has a friends who is a car salesman at a major dealership in town. He told her that we could put it on their lot.
Year/Make/Model: 99 Nissan Altima SE Auto
Mileage: 95K
Color: exterior - Black / interior - tan (cloth)
Major Options: sunroof, rear spoiler, alloy wheels
Condition:
Exterior - Faded paint on front bumper, several scratches and dings along the drivers side.
Interior - Only thing worth noting is the drivers side sun visor does not fold all the way up. Otherwise the inside is clean and well kept...also non-smoker.
KBB says $3K for fair. Just looking for guestimates. Thanks.
Prob closer to $2500 as it sits.
volvomax said: "Auction value is somewhere around $20,000
That would put private party at $22,000"
My wife's sister has a friends who is a car salesman at a major dealership in town. He told her that we could put it on their lot
"putting it on somebody's lot" is totally different than a CIF (cash-in-fist, a Terryism I think) offer. Why turn down a very good firm offer ($2k more than the auction estimate by volvomax!) to fool around more "trying" to sell it? Personally, I'd be selling it to that Nissan dealership, like TODAY. Unless it's easy for you to take it to a Carmax SOON to compare offers. "putting it on somebody's lot" is just prolonging the agony & uncertainty, with uncertain results.....
It sounds like you've already got a great offer @$22k-ish, what more do you want?
Hillsville, VA 24343
2007 Pontiac Grand Prix GXP
4 door
5.3 liter V8 with Active Fuel Management
Automatic Transmission with Manual mode (buttons on wheel)
Front Wheel Driver
15,800 miles
Silver Exterior, Black leather interior
18 inch chrome alloy wheels, power sunroof, power windows/locks/mirrors, power heated seats, dual zone automatic climate control, head up display, 6-disc in dash cd changer, XM satellite radio, on-star w/ hands free phone, (basically everything but the navigation)
new like appearance in and out
tires 7/10's front, 5/10's rear (10/10's new)
Hillsville Va 24343
1998 Pontiac Grand Prix GT
3.8 liter V6
Automatic Transmission
front wheel drive
188,000 miles
red ext, gray cloth int
chome alloy wheels, power sunroof, power windows/locks/mirrors, cd player
small dent front hood above headlight (from a deer)
tires and brakes...I think replaced last year
What do you think?
The '98? Probably better off donating it and taking the writeoff. Dent in a hood and HUGE miles make this a wholesale piece for any new car store (Heck, it's rare to retail any 98 by now...). Reality? $800bucks to a grand. I bet it KBBs out for silly money like $3-4k.. might seriously consider getting the writeoff.
OK.. the 07.. in the northeast they are $19k wholesale pieces give or take a nickel. Plus transport, auction fees, etc... I'd think somewhere in the $22k range would buy it.
What do they want for it and did you get a # on the trade?
Step 1: Grab Title, keys, books, floormats, etc.
Step 2: Drive to dealer that offered you $22k.
Step 3: Grab check.
Step 4: Get to bank as soon as humanly possible and cash check, the ether might wear off.
That's a $20-21k car perhaps... they must really want it.
-thene
There may be different rules for charities that actually fix up the car and give it to someone... but, those are few and far between.
As always, consult your tax professional..
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I would appreciate a real-world value for a 2003 Ford Mustang GT, 71,xxx miles, Black/Black Leather, 5-Speed, Mach Audio CD Changer.
Front bumper was scratched parking too close to something a couple of years ago, and professionally re-painted. Ford Premium Care Extended Warranty to 75,000 miles. Paint shiny, interior in good shape, no mechanical defects that I know of.
Thanks!
Since it has leather and Mach, I'll assume it also has cruise, power windows and locks, and 17s.
Im thinking in the 9s myself... assuming it's really clean and nice, might hit 9500-9700.
Miles are no help, and if there's any value in the warranty left, cash it in.
As you assumed, it does have cruise, power windows/locks, and 17's.
Have a great weekend.
Eric
Glad to be of help.
Nort.. FWD or AWD? Ehh.. not a huge difference in Florida anyways. This is a Premier, right?
Probably really high 13s to about 14k.. maybe 14,2-300 if they gotta have it. if it's an AWD, not a huge premium down there.
A Lincoln-Mercury dealer is going to be the high bidder on that probably.
Mahwah, NJ 07430
2002 GMC Envoy SLT AWD
88,000 miles
Red
Roof, alloy wheels
Good condition.
Thanks!
I'd think in and around $8500-9k.. gut reaction is $8500, but I haven't seen it.... $10k to the right guy in Texas or Cali perhaps.. but not in NJ.
2001 Dodge Durango SLT Plus
4 dr SUV
4.7L V8/auto
4WD
79k miles
Black/tan leather
pwr everything, leather, heated seats, 3rd row seat, rear heat/a/c, am/fm/cd/cass, running boards
Exterior condition is pretty good, a few small dings, all rock chips have been touched up. Interior is good, driver's side seat has a rip in the front that needs repaired, everything works correctly. No breaks in glass. Non-smoker, no pets, 2 owner car, clean carfax, no accidents. Tires are about 75%, complete brake job 8k miles ago.
Thanks!
Appreciate it.