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But if you want to try, I kind of like juice's suggestion of ~15% off new. So if the best price you can get on a new one is $20k, then $17k would probably be all the money on the used one.
Don't forget another very important point here. If you are planning on financing that car, it will cost you much more to finance a used car through private party than a new one through a dealer. So make sure you figure out your payments, too. You may be saving $3k purchase price, but spending $800-$1k more in financing.
'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
Amen to that.
I'll add two more points: Sellers with OLD cars may well be up to their necks in it.
Also, they KNOW what it's worth. It's bad when they looked it up on kbb, it's worse when "the credit union told me what it's worth." Never mind that the nice lady at the CU never looked at the car and doesn't know anything anyway except how to type.
I've had this happen with $900 pieces of junk when I was looking for a beater. Very frustrating and time consuming.
And then there was the older gentleman with the very nicely kept 4cyl Caravan... clean, rust-free, ran great... until we got to the part where there was oil dripping out of the tail pipe. When I politely pointed it out, he flew into a rant and started yelling at me. Private party is lots of fun.
But I've had good luck, too, and mostly in the sub-$4,000 range.
Over $6 or $7, I kinda like to bite the bullet and go new. On the right car, it's typically a good deal.
-Mathias
And, as you mentioned, if it needs a really expensive repair - likely given that you have over 100K on it - you may miss that magic window to maximize trade-in value. Your call, but I'd take the money & run.
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
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'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 prompt response! I'm interested in as many opinions as possible. Keep those letters and responses coming!
Im looking @ a new 07 V6 4MO sticker @ 36020.
The deal they cooked has them giving me 1000 off the new VW and 10K for my trade.
With my trade I would have to finance 25K before TTL...
Good deal?
I also sold my 2001 Jetta GLX with 60k miles privately for 12.5k (which was KBB value). The dealer was offering me only $9.5k.
I think they are giving you a good trade in price, but not a very good price on your purchase.
Consider selling the Jetta privately. Best of luck.
Esp if someone will give you $10 grand real money.
Are you dealing with any rattles?
How about the low speed hesitation issue?
Thanks for you input.
Other than that it's been awesome. Best of luck!
Original owner
Have never been to the doctor, not even a scratch on it.
I am not laughing. In 2004, I had an 04 RX330 with only about 4500 miles when a truck rear ended it with $14K damage.
Location: New York City area
Body Style: 4 door
Engine: 3.00 liter 6
Mileage: 63,100
Color: Silver exterior, black leather interior
Options: Power Moonroof, 6 cd changer, premium audio, premium wheels, etc. All major options except navigation
Condition: Car is in very good shape for a 5 yr old car with no dings at all.
Tires: About 25-30K on them
Brakes: Fronts done about 8K ago
Maintenance: all routine maintenance done
No claims/accidents/anything.
I've been to 5 dealers and getting a # out of them is like pulling teeth. They keep wanting to say, "The number doesn't matter, it's the net out of pocket for the new car that matters." In which I reply, "Sure, but I know the price I'm paying for the car, and now I want to know how much you're giving me..." which I get the "Well when we're real serious we'll tell you"
The 2 dealers that did not give me that song and dance had distinctly different #s. They also said they had to deduct for mileage? That doesn't make sense.... It has 63K.
Either way, does anyone know what a fair trade value for this car would be?
Location: Philly
Year/Make/Model:2005/Nissan/Altima 2.5S
Body Style: 4dr
Engine: 4 cylinder, auto
Driveline: FWD
Mileage: 22K
Color: [exterior/interior]Silver/Black
Major Options: No extra options
Condition: 2 door dings and a scratch on the bottom rear bumper.
Tires - original
Brakes-original
Other: No accidence
Vehicle: 2005 Tundra DC SR5
Body Style: 4dr
Engine: 4.7L V8, auto
Driveline: 4x4
Mileage: 20K
Color: Salsa Red/Gray
Options: Bucket seats with Side/Curtain Airbags, Cold weather pkg, Tow pkg, bedliner, bedcover, 17" alloys, lsd,
Condition: a few stone chips, very clean, Tires 50%
Miles are ok,just not outstanding.
...seem KBB gets it right this time.
Car: 2004 BMW 330CiC (convertible)
Engine: 3.0 inline-6, RWD
Mileage: 39,500
Color (ext/int): Mystic blue/Natural Brown leather
Options: Sport pkg, SMG, 18" wheels, Nav, Xenons, htd seats, metallic paint
Condition: No dings, new tires (5K miles ago), up-to-date dealer service
Other: No accidents
Car is coming off lease, and would like to know how trade-in value compares to residual. Thanks...
Looking at Manheim,$22-23000 is the number that comes to mind.
Not great, but ok.
About 80k miles.
KBB says the trade-in is about $2500 for fair to about $3500 for good. Either is fine for me.
If I can get $2500+, I'll be happy enough.
If I show the KBB estimates to a dealer, will they laugh in my face, or would the more likely to have already come to KBB's conclusions, or...would they know the jig is up and they can't pull the wool over my eyes and agree to the KBB range.
Thanks again, Edmunds board peoples.
I expect you will find plenty of other people willing to snap it up. Do a good detail yourself (in and out), fix any little minor issues with it, and put it near a busy road with a for sale sign, and just wait for the calls.
You also don't say where it is, which will impact the price. The tranny (auto or stick) is also important.
It does at least have AC< right? Wouldn't matter to me (and I would be happy to grab something at a rock bottom price because of it), but it can be a deal breaker for some people.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
At my dealership I would give you about 2300 +/- a hundered bucks.
And I would sell that Corolla privately, no question.
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
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Year/Make/Model:2006 Nissan Armada SE 4x4
Engine: V8 auto
Driveline: 4WD
Mileage: 25000
Color: Blue over Charcol
Major Options: basic SE
Condition:
Clean like new
95 Chevy Beretta
4cyl/5spd
72K miles
Black rose metallic w/gray interior
Average condition
No AC
What kind of trade in can we expect? I know we'd make more selling privately, but don't want the hassle.
I'd just say, if you do sell it privately, don't "start" too low. I once sold a 7 y.o. Corolla in 5 seconds for 30% more than what a dealer offered, & then my phone lines almost melted from the dozens of phone calls still pouring in. Think I could have gotten way more, perhaps?
Could you get say $4995, by selling it privately? Or at least, is that a good asking price?
I don't even want to think of the number. I probably have that much change in my demo.
Kinda what I was thinking. Been a dang good car, though.
To clarify, the AC is there, but won't hold a charge.
In SC - in JULY!! :sick:
-2002 Infiniti G20
-4 door sedan
-4 cylinder with 5 speed manual
-90,000 miles
-Black with two tone black/gray leather/suede interior
-All options including Sport Package
-Good paint with some poorly touched up scratches; one
fender has been repainted (not sure if it shows on
Carfax); perfect interior
-Two tires are good and two are needed pretty soon
-Original brakes
-Regular maintenance
Any thoughts on trade and private party values would be appreciated.
Location: Atlanta GA
Year/Make/Model: 1999 Nissan Altima GXE
Body Style: [2dr/4dr/wagon]: 4 door
Engine: 4 cyl Automatic transmission
Driveline: FWD
Mileage: 125,000
Color: Silver
Major Options: A/C,keyless entry, alarm
Condition:
Interior is in decent shape; there is a scrape on the front bumper--looks like Freddie Kruger lit into it. I'm thinking it's a $500 repair (perhaps more?)
Tires - 1 new tire, other 3 have a few months left on them
Brakes: Just replaced brake pads
Maintenance: Routine maintenance performed, replaced radiator in last 6 months
Other: No other body damage, paint, etc.
We are in San Francisco and would probably not sell/trade for another six months. Just doing advanced leg work here.
Automatic, not a manual...sorry.
Air conditioning could be repaired, but no idea what it would take.
The car is my wifes car and has been her responsibility.
Additionally, the car was involved in an accident which damaged the body, but not the frame...the car has since been repaired and it looks perfect.
New ignition...a year old.
Tires are about 2 years old.
And she tells me the mileage is about 70k, not 80k.
Based on the board answers, I think I'd start at $5k and see what happens.
Let me know if any of the additional info changes your estimates.
Again, you guys rock.
Year/Make/Model: 2001 Honda Civic EX
Body Style: 4dr
Engine: 4 cylinder, auto
Driveline: FWD
Mileage: 76,000
Color: Silver/Gray
Major Options: after-market leather, Year 2000 Honda Civic Si alloy wheels, auto-dimming mirror with compass
Condition: immaculate inside, never used floor mats, clean carpets, clean outside (car washed almost every week), waxed once a year, normal "ding" condition for an almost 7 year old car.
Tires - new/10,000 miles on them
Brakes - new/3,000 miles on them
Maintenance - all maintenance up to date/last major service was the 75,000 mile service
Other: no prior damage, but the back bumper has had a few spots where I've touched it up with touch-up paint.
Being that this is a 6-7 year-old Honda Civic in relatively good condition and added bonuses such as leather and alloys, I know for a fact that I could do my best selling it privately. What could I expect to get private party and trade? Thanks in advance! My son wants to get the most out of his car.
Summer is car trading season for my family. All but one of the vehicles I've had was bought June-August, likewise with my Dad. Now my sister is also looking.
While looking for a new Nissan Versa with my sister, I stumbled onto a jewel that I'd be nuts to pass up. Below is what I'm trading and what I'm trading for.
My Trade:
Location: Hillsville, VA 24343, or Wytheville Va (40 mins away)
Year/Make/Model: 2002 Dodge Durango R/T:
Body Style: 5 Door SUV
Engine: 5.9 Liter V8
Transmission: Automatic
Driveline: AWD
Mileage: 49,700
Color: Ext: Bright Red / Int: Charcoal Gray with Charcoal Gray/Light Gray Leather/Suede Seats
Major Options: Basic R/T with am/fm/cd/cass, Infinity sound system, pwr windows/locks, power heated fold-away mirrors, dual zone temperature controls, rear air, power driver's seat, heated front seats, folding 3rd row seat, driver's info center with mileage/comp/temp, 17" Chrome alloy wheels, cruise, steering wheel remote radio controls, side impact air bags, heavy duty towing package w/trailer brake...think thats about it
Condition:
When I purchased this Durango two years ago, it had just under 37k miles on it (yep, only 13k in two years), and just prior to it being traded in, a tree limb fell on the hood. This put a big dent in the front of the hood and broke the original body-color grille. I replaced the original grill with an oem chrome grill, but the dent in the hood is still there.
Golf ball size dent with paint chip on driver's side rear door, resulting from someone opening their door into mine
Dime size paint chip on passenger side rear door on the plastic molding, was there when I bought it
A few very minute dings around the vehicle, other than that, looks great. The dent in the driver's rear door is the most noticable, but not all that bad. No scratches.
Interior is still in excellent shape, drivers seat shows a little wear from sliding in and out, but no cuts or scratches.
I strive to keep all of my vehicles clean and polished, so it's looking pretty good right now, but the front wheels are showing a little rust/brake dust build up which I've removed easily before with chrome polish.
Tires - were put on new when I purchased the vehicle, so they have 13k miles on them and are 2 years old
Brakes - Rear brakes are good, I think the front ones are needing replacement...but were new when I purchased it.
Maintenance - Oil change every 5k since I've had it, was originally from massachusetts, bought it in NC, it's been in VA since
Other: Haven't had any claims against it or anything. I was a demo vehicle, purchased by a gentleman from MA for his wife. His family moved to NC in 2002, and it was traded there for a new HHR in July of 2002, and bought by me the very night it was traded in.
Now, the jewel that I have found and am 99% sure I'll get:
Location: Wytheville, VA
Year/Make/Model: 2002 Toyota Tundra Limited Access Cab
Body Style: 4 door Pickup Truck
Engine: 4.7 Liter V8
Transmission: Automatic
Driveline: 4WD
Mileage: 27,481 (Yes, thats correct!)
Color: Ext: Black / Int: Tan Leather
Major Options: pwr windows/locks, pwr heated mirrors, power heated seats, (power may only be driver's seat, not sure), 6-Disc In dash changer with am/fm/cass, cruise, towing package, alloy wheels, camper top, bed liner
Condition:
Upon first glance, appears spotless!
Tires - 200 miles on new michelins
Brakes - presumed to be in good shape, not sure
Maintenance - Performed by the previous owner's son, a mechanic at the dealership it was traded into, all maintenance done at the dealership.
Other: One Owner local vehicle, traded in for a 2007 Nissan sedan (don't know why). Very nice truck inside and out, hard to pass up!
The asking price on the Toyota is $20,988. Black book values look to be around the $17,000 range for this condition, but I could be wrong. What say you professionals out there? I know I shouldn't put a lot of trust in a book I got for $4.99 at a gas station.
Thanks!!!
idntnvu :shades:
In SC - in JULY!! :sick:
Sissies! :P
In SC - in JULY!!
I'll take it off his hands for $100. He pays me.
You might have one dealer give you 500 dollars and another give you 1,000 put all of that is coming off the profit on the new car.
Maybe donation...
I decided to take a look at the 07 Altima and liked it so much I decided to go with that. The Nissan dealership offered $15K initially. After about 30 mins. of haggling and 5 minutes before closing, got $15400 for the trade and paid $2 under invoice for my new Altima.
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle