Real-World Trade-In Values

steine13 · July 2007

Dangit! I had the Fourth.
What's it gonna be, sista? CRV? Foresters are pretty cheap and keep their value pretty well also.

I know you'll let us know,
-Mathias

akangl · July 2007

What's it gonna be, sista? CRV? Foresters are pretty cheap and keep their value pretty well also.

I dunno what its going to be, just concentrating on getting the Durango to go bye bye right now. Probably a CR-V though, it seems like the most logical choice and it will hold its value......not like I ever get rid of a vehicle or anything.

Hint: Pick Christmas time, lol

luvcarzrich · July 2007

Can you guys quote me on one more?

2001 Ford Explorer Sport-Trac
Blue - 4dr, pickup style
37500 miles
moonroof, leather, 6cd premium sound, ps, bp
all options - loaded
very very clean and well maintained.
added a trunk lid

Thanks

luvcarzrich · July 2007

Forgot to mention - 4WD on the sport-trac. Mahwah 07430.

Thanks bunches.

crazyma · July 2007

I have a '97 Honda Accord V4 EX w/ about 182,000 miles. I am seeing trade-in values of everywhere from $1,250-$4,000. I think the pricing alorithms might be breaking down at the higher milage. Everything in the car works and its pretty clean. Never smoked in and the maintenance has been great. The glass has been stolen out of the passenger power side mirror and I havn't bothered to replace that yet. The brakes probably need some work and it is due for the 180k timing belt exchange. Car has power sunroof, CD player, cold AC, automatic, power windows/doors/mirrors, cruise control, clean cloth interior, and tilt-wheel. Wheels are Honda stock premium alloys. Anybody have any guidance?

mikefm58 · July 2007

I'm not in the biz, but typically dealers won't touch high mileage vehicles with a 10 foot pole. Your best bet is probably to sell it yourself. Other folks here will give you the recommended price, but I'd bet it won't be much. It's got 182K miles and needs quite a bit of work.

im_brentwood · July 2007

Hey you, long time no see.. how's Alaska?

I don;t have much info on the market up there.. but if it's otherwise clean, sounds like a $6k-6500 truck to me. Now, in Nanookville.. who knows.. maybe $7k? $7500?

How's things up there?

im_brentwood · July 2007

Rich,

Sounds like a nice Sport Trac...

Tough call with miles that low, going to depend on who gets called on it.. to the right buyer, easily $10k. I'd hit it myself in the low 9s.. it is a nearly 7 year old domestic SUV, but if it looks like a cherry 37k mile truck.. No paintwork, etc... I could see a $10k ACV easily.

im_brentwood · July 2007

You'd be surprised what that's still worth... Now.. question time!

a) Where is the car located? If it's in FL, it's going to bring all the $$.

b) How's the paint? Interior? Etc? Is it clean, shiny paint, no paintwork.. never been wrecked, nice tires.. etc, or does it look like a Tijuana Taxi?

If this car's cherry other than the mirror, I could see high teens to $2k or perhaps a shade more in the right market, if it looks like it's led a hard life, $500.

crazyma · July 2007

Thanks everyone for your help.

a) The car is located in the Boston market, but spent almost all of its life in the south. The only significance there is it has seen light winters and the underbody is free of rust.

b) The paint is still shiny. Interior has no problems. Seats have average fade, but they were light to begin with. There have been no accidents, no paint work, no bodywork, no bondo, etc. Chrome accents are all still shiny. Tires are probably halfway through their life. They were middle-of-the-road so to speak when new. There really are no mechanical problems, other than the scheduled maintenance to the timing belt and the brakes and the missing glass to the power mirror.

Thanks again for all of your suggestions.

Kirstie_H · July 2007

You're coming on the right time of year here to hit up the students going to college who just need something that starts & stops on command.

I'm not a pricing expert at all, but I'd sell that privately. If you can put it in a high-traffic location with a clearly visible sign and price it in the high teens, that would be my best guess for a quick sale.

luvcarzrich · July 2007

Thanks, Brentwood. Yeah, its in perfect shape. I'll go in looking for $11 and settle, hopefully for $10.

Thanks!

akangl · July 2007

Hey you, long time no see.. how's Alaska?

I don;t have much info on the market up there.. but if it's otherwise clean, sounds like a $6k-6500 truck to me. Now, in Nanookville.. who knows.. maybe $7k? $7500?

How's things up there?

Alaska is fine, HOT, but fine, lol. Things are going well, between the kids and horses I hardly have time to car shop!

I think you nailed it, its been hit at $6k, $6500, and $7k, lol. Its kind of all over the place. One dealer said private party is probably $8500, I'm going to ask $9950 and pray for $9k. Its a nice little SUV, runs great, looks pretty good too and is in a cheap enough price range where I think it'll move pretty easily.

Thanks Bill!! Good to see you around here again!

cusafr · July 2007

She is in Sacramento, California.
2000 Honda Civic VP, 4-Door. 4-cylinder, Automatic.
It has 68,000 miles on it.
Dark Green, with (I think) grey interior.
Tires are almost new-Michelin HydroEdge.
All mechanical work done by Honda dealer.
Overall condition is Fair/Good.
Has had a couple accidents, but has been fixed by dealer. She has done several moves, so the inside is worn.

Trade or Retail? She is alone and is apprehensive about trying to retail...

Thanks,

cusafr

frankinbeans · July 2007

If I can get a little help here. I got a quote of $15500 trade in at a Honda dealership in town. Just curious if this is all the money or if there is a bit more to push for.

Location: Nebraska
Year/Make/Model: 2007 Honda Civic EX Auto
Body Style: 4dr sedan
Engine: I4
Driveline: FWD
Mileage: 4300
Color: silver exterior, gray interior
Major Options: tint, stock otherwise
Condition: no major issues. car only has 4300, no wear or tear.

Thanks!

qbrozen · July 2007

I looked these up in Galves a couple of months back, but wanted to get more of a "real-world" number, if possible.

'05 Pacifica Touring AWD.
leather, moonroof, heated front and rear seats, DVD, chrome wheels, memory seats, power adjustable pedals, power liftgate ... ummm... i think that about covers the gadgets.
Good condition. hmmm... 28k miles, i think. Dark blue over tan.

'06 Accord EX-V6 6-speed manual. 18K miles. Good condition. silver over black leather.

(hondas take it or leave it packaging makes pricing that one SO much easier, don't it?)

Oh, and both are in NJ, as always. Thanks!

volvomax · July 2007

Well, hard to say.
Had a couple accidents and the inside is "worn".
Dealer could hit this car anywhere from $2-4,000.

volvomax · July 2007

Prob real close.
If that car was in a big city,or on the West Coast its prob worth another $500-1,000

frankinbeans · July 2007

Thanks volvomax. I blame my parents for this then. They had to move Omaha, NE when I was 5 years old and I get screwed out of trade in value

Anyway it sounds like the dealer gave me a really good offer with the new truck/SUT I want and trade in value. Too bad I'm about 1K upside down though. Not sure if the new truck is worth the negative equity.

rudi2 · July 2007

I have a 1993 Toyota Corolla with $107,000 miles,automatic,decent body and interior(clean) that I am thinking of selling on my own or trading in.What would be my expected trade-in range from a dealer?how about a range for a private sale?the car is located in New Jersey

im_brentwood · July 2007

$15,500 ought to kill it on trade.. you might be able to squeeze a tad more.. if you were in, say, SoCal.

im_brentwood · July 2007

It's a $4,500-MAYBE $5k car.. if it was nice. Sounds like it's not that nice.. paintwork, interior issues.. etc.. $low-mid 3000s.

im_brentwood · July 2007

More like shoot for $10,500.. if you get in the 9s it's reality. Like.. 93-9700.

im_brentwood · July 2007

Rudi,

Probably a $700-1000 car depending on how clean... better off throwing it on craigslist for $2,000 and watching it go bye bye quick.

im_brentwood · July 2007

The Pacifica? $15,500-16k IMO.

The Accord? $16,500-17k is where I strike it... maybe a tich more at a Honda store, but it's a handshaker.....

Kirstie_H · July 2007

I've gotta second that craigslist rec. After being offered $1500 at a dealership, a friend of mine put her 1998 Mazda 626 (77,000 miles) on craigslist yesterday afternoon for $4300. They're near a college, and by 7pm they'd taken 10+ calls and had it sold before dark.

While they're of little value to a dealership, older cars that start & stop on command are great for craigslist.

frankinbeans · July 2007

Thanks! Looks like 3 for 3 on $15500. I offered about $300 over "invoice" for the new truck, which I thought was fair for both parties. Wonder if the Internet Manager could meet half way and drop a few $100 on the new car side. Thanks everyone!

qbrozen · July 2007

thanks bill.
much worse than I was hoping, but what can ya do?
they are both leases, so I guess we are waiting until they expire. interesting that both are near their lease-end residuals now, yet one year left on the pac and two on the honda. looks like both manuf finance arms will be takIng baths.

vincekeller · July 2007

I need to trade in my Corolla for a pickup truck. Please give me an estimate of the trade in value. Thanks.

2007 Corolla S
5 speed
Power everything
alloy wheels
CD
only 7500 miles
perfect condition

stickguy · July 2007

don't count on it. Remember, Bill is giving you wholesale (trade in ) prices. If that Accord went back today, you know it would show up on the front line for more $$ than that.

Of course, that gets into the grey area of who is making out, the dealer or the manufacturer 9finance arm actually), but they do make out along the way, in interest and inception fees.

stickguy · July 2007

What's with all these 2007s going up for bids?

Actually, they are both small cars being flipped for some kind of truck.

In both cases, since the big truck/SUV market supposedly crashed, look for a low mileage used one. Should save a bundle.

volvomax · July 2007

Prob somewhere @ $14,000

Depends on what part of the country you are in.
Manual may hurt it a little.

im_brentwood · July 2007

Yo...

Location location location! Where ya at?

Color combo?

Ever had any bodywork done? Don't laugh.. just saw a 1,500 mile 08 5 series getting major fixes @ my local body shop...

qbrozen · July 2007

well, in both cases, the interest is extremely low. Lower than I make on my money market. So I don't see them making anything there, technically. Inception fees were almost nonexistant (and certainly not enough to make up for that lost interest).

The dealer may make out, but not if they pay the residual for the vehicle. They'd need to negotiate that with the finance arm. If they do pay the residual, they may get hurt. If the finance arm negotiates, then they get hurt.

I guess that's the price of moving metal with big incentives.

Typically, I've found Honda to be on the mark with leases. I think where they made a mistake was their anticipation of the demand for 6-speed sedans. It cost the same MSRP and had the same residual as the automatics, yet is getting dinged for about $1k on the trade-in side. So that's basically $1k out of their pockets when I turn it back in.

The poor chrysler resale is no surprise.

fezo · July 2007

Man, a 6 speed stick on an Accord sedan? You could sell ME one of those right quick - just not now since our 00 Accord with the mere 5 speed is basically a free car now and still has a good 5 years in it.

I suspect it's reached the point where it's probably worth little enough that those next five won't even be a big ding in depreciation.

stickguy · July 2007

now that I am poking around at used cars, you would be surprised at what an '00 Accord could go for.

But you are right, they next 5 years for you probably won't cost more than a few K in depreciation. You might be looking at what, $75/month?

fezo · July 2007

Yeah. That's what I was thinking. I figure this is as close to a free car as I'll get and at 135K it still runs just fine. Even all the major maintenance has been done recently and the tires are new. HAve to belive this one will be around a while.

We'll have had it 8 years come December.

acendhole · July 2007

DC/Baltimore Metro Area

4 Dr

V8

Silver and Tan interior

5 seat, prem. package, bluetooth, cooler, harmon kardon.

consistent with its age in all areas. obviously still under warranty.

no accidents, first owner service loaner.

im moving and the car too big for city driving and the gas mileage.

Do dealers give anywhere close to nada, edmunds, or kbb good for these, or am i delusional.

i become a serial car buyer.

stickguy · July 2007

Lots of miles on that baby! It actually fits the bill for what I am looking for, although probably a few years newer.

My favorite way to buy a used car. Original owner, whow obviously likes it and took care of it. Some cars just "feel" right.

qbrozen · July 2007

Do dealers give anywhere close to nada, edmunds, or kbb good for these, or am i delusional.

Out of those 2 choices, you are delusional. ;b

ESPECIALLY for a land rover! (sorry, british_rover)

british_rover · July 2007

KBB and NADA are on crack when it comes to Land Rovers. I have no idea where they get their numbers from. Edmunds can be pretty close sometimes though.

Three things are gonna hurt you.

1. You got a five passenger LR3 and all the demand for Used LR3s is on the seven passenger.

2. The 2007 MY sell down is going on right now and the LR3 is the only Land Rover with any money on the bonnet.

3. Its the middle of summer and the WORST time to trade in a SUV

My gut reaction was around 30,000 trade side. Just checking Galves, which no one uses around DC so take this with a grain of salt, I am thinking 29,000-31,0000.

I am assuming you have the cold climate package and the lighting package.

qbrozen · July 2007

KBB and NADA are on crack when it comes to Land Rovers.

hey, hey now. Let's be fair. they are ALWAYS on crack. ;b
maybe its the special laced crack they smoke before pricing land rovers that is to blame.

guss · July 2007

Misters Volvomax or Im_Brentwood, please do me the honor of pricing my vehicle for trade in on something a little bit more fuel efficient(ie. Vibe or Civic).

Philadelphia, Pa

2003 Ford Escape XLT

3.0l V6 , Automatic

Front Wheel Drive

68,000 easy highway miles

White exterior/ Gray interior

Sun roof/Alloys/Leather /step bars

All maintenance done, Tires are at 50%, Newer brakes, 3 or 4 tiny rock chips on the hood, no accidents or body damage.

Thank you in advance.

british_rover · July 2007

Oh it is extra special crack for Land Rovers.

I have a 2005 Range Rover 33,000 miles that I can't sell for 48,500 with the Land Rover CPO warranty.

We just reduced it down to 47,xxx.

KBB on that car is 56,500 dollars. :surprise:

volvomax · July 2007

Well, the miles don't help you.
Prob a $7000 car.
Might see as much as $8000.

rudi2 · July 2007

Hi. I saw a 2007 Subaru Legacy 2.5i automatic for sale with 4500 miles by a private owner...his asking price is $19795.
That seems high since new 2008 models with cash back incentives are going for $20,000.there is no data on trade in values for a 2007 that I could find. Normally a trade will yield the least, with private party sale next and dealer sale last. Is it reasonable to offer $17500 for this car if it is in excellent condition and has over 2 years to go on the warranty?

acendhole · July 2007

of course i may be on crack too. it has been a great car. if i hold on till winter it will lose more value at 20k and 08's coming down the pike.
ill try lets make a deal and see what i can get.

british_rover · July 2007

Good luck and let us know what you get if you trade it in.

Don't let some dealer go on and on about unreliable Land Rovers and gas guzzlers hurting the price on them either. The LR3 won best residual value in its class at least once.

The 2008 MY LR3s are already here though so too late to miss that.

erics6 · July 2007

$20k buys you a new Outback 2.5i in the NW. Can't remember the ad prices for the Legacy, but they are lower than your offering price. NJ maybe higher. You might try fitzgerald subaru in the DC area for new pricing comparisons.

guss · July 2007

Thanks Max, I will let you know how it goes.

Real-World Trade-In Values

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