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Real-World Trade-In Values

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Comments

  • acraftonacrafton Member Posts: 99
    Hey - been a while. . .looking to trade and buy a used car, here are the specs - in Dallas, TX:

    Trade in
    2000 Saab 9-5 Base Wagon, Silver/Black(cloth), auto, premium sound, newer brakes, new tires, 66,000 miles. Condition is 'clean' there is one dent on the rear quarter wheel well and estimate to fix is $300. All maint is up to date, no accidents, etc.

    Buy
    Used 2007 Mercedes R320CDI (silver/gray), as new, P1 package (parktronic, panorama roof, harmon-kardon sound, power lift gate, lighting package), full leather, lighting package. 5000 miles on it and super clean, as new. Asking $41,700.

    Thanks!
    Adam
  • morgantiamorgantia Member Posts: 10
    Kirstie_h:

    Ah, so perhaps I should not have posted asking about *buying* in my request? I'm also confused about why no one has offered the information - what I do with that information is at my own peril or benefit, right?

    Okay, maybe I can start again with this - sans the "value-added" parts of the original request.

    I am looking for the current auction/trade-in data for the following:

    Boston, MA/NH/RI Area
    04 Acura MDX, Touring
    6-Cyl 3.5L V-tech, auto, AWD
    Options: NAV/Tow/Running boards
    mileage 48-50K miles
    Color: Sage/Saddle
    No rust or notable wear of exterior paint.
    Extremely clean, minor scuffs on bumpers and interior hatch door, all electronics in working order, normal wear on carpet.
    Tires: at least 65% left
    Brakes: at least 60% left
    Clean one-owner title, off-lease.
    All manufacturer maintenance followed, records available.

    Thanks,
  • ateixeiraateixeira Member Posts: 72,587
    Washington, DC area
    2002 Subaru Legacy L
    wagon
    2.5l manual trans
    AWD
    45,000 miles
    light green metallic, gray interior
    average condition

    Extras:

    6CD changer
    power moonroof
    alloy wheels
    cargo liner
    7/100 Subaru Gold bumper to bumper warranty

    The warranty is fully transferable. I have an idea of what it's worth but want to see what the pros say. Trade or private sale, not sure.

    I may try to go for the Guaranteed Trade-in Program Subaru has if they offer it on the new 09 Foresters.
  • volvomaxvolvomax Member Posts: 5,238
    What are you talking about? Auction prices are given here all the time. Auction price is a good place to start in determining price is it not? One can always add any dealer profit, CPO costs or reconditioning, if any, to the auction price.

    The problem is, how much to add?
    I sure don't know what to add in dollars on a CPO car, and neither do you.
    All you will end up doing is frustrating yourself.
  • volvomaxvolvomax Member Posts: 5,238
    Well, it sounds like a $5,000 car.
    Depending on how well the repair was done.
  • jipsterjipster Member Posts: 6,296
    The problem is, how much to add?

    imbrentwood seems to know. In post #33851 someone asked how much they could buy a particular car for, he writes:

    Robbie,
    They're doing $26,500-27,500 or so at the auctions.. you ought to be able to buy one for $30k.. possibly less on eBay.


    I sure don't know what to add in dollars on a CPO car, and neither do you

    imbrentwood probably knows. But, offhand from what I've read in other posts it's probably around 2k. Morgantia wrote the price differences between CPO and non CPO in his initial post.

    I've read from others a buyer shouldn't concern themselves with what a dealer has in a car. But, if I'm buying I'd want to know 2 things: 1) how much the dealership paid for "just" the car and 2) market price for the car. I can probably guesstimate the other trivial add ons with very little frustration. ;)
    2021 Honda Passport EX-L, 2020 Honda Accord EX-L, 2011 Hyundai Veracruz, 2010 Mercury Milan Premiere.
  • qbrozenqbrozen Member Posts: 33,736
    Whaddya say RWTIV is on this?

    let's assume it is clean and all maintenance up to date.

    You know what they say, curiosity killed the chronic car buyer.

    '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

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Trade In? I'd guess about $5K, maybe a touch more in the right part of the country.
  • akanglakangl Member Posts: 3,282
    You know what they say, curiosity killed the chronic car buyer.

    Ah but the satifaction of a car purchase brought him back! :P
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    I still have 7 of my 9 chronic car buyer lives left. Only two cars really killed me in all these years.
  • volvomaxvolvomax Member Posts: 5,238
    Figure $5-6000 trade.
    so, $7-8000 retail
    If its all there.
  • qbrozenqbrozen Member Posts: 33,736
    thanks.

    wow. so the Vs hold their value a bit better than the Ss, huh?

    '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

  • volvomaxvolvomax Member Posts: 5,238
    A little bit. A low mile S70 T5 is prob $1000 cheaper.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    I had a friend who had clutch/trans issues with his T5--chatter and vibration.
  • qbrozenqbrozen Member Posts: 33,736
    well, hey, at this pricepoint, that's like 15-20%. ;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

  • volvomaxvolvomax Member Posts: 5,238
    A T5 w/ a clutch?
    That is a rare beast.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Is it? Didn't know that. All I remember is a very annoying vibration on clutch engagement. They never did get it fixed for him. My guess was bad flywheel.
  • qbrozenqbrozen Member Posts: 33,736
    most volvo sticks are pretty rare, I think. maybe a bit less so with the more recent Rs (not to be confused with the old Rs, which were quite lame in comparison).

    i just went through a vibrating clutch issue with my Honda. They didn't find the problem either, but now it has "resolved itself." Still doesn't feel like it did before the problem, but it almost feels a bit better. I just hope it isn't permanently damaged ... at least not in a way that will manifest before my lease is up.

    '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

  • pghbobpghbob Member Posts: 1
    Gentlemen, need some help with this car

    2003 Buick Rendevouz CX - fwd
    Pittsburgh, PA
    46,000 miles
    no options
    gray with light gray cloth
    a couple dings nothing major

    I am looking to trade on a Licoln MXZ and was wondering what to expect from the dealer. Thanks in advance for the help.
  • will42will42 Member Posts: 21
    A friend was wondering what kind of price he could get trading in his Nissan. It's a Sentra SE-R Spec V 6 speed manual. He lives in the northwest suburbs by Chicago. It's a 2006 with moonroof, rockford-fosgate sound system, ABS. The color is Code red with black cloth interior. Excellent shape inside and out with 4,400 miles. Thanks.
  • ateixeiraateixeira Member Posts: 72,587
    That's funny, at first I read "V6" and wanted to say the Sentra only comes in a 4 banger. Then I saw the space. :D
  • volvomaxvolvomax Member Posts: 5,238
    According to Manheim, its a $7000 car.
  • volvomaxvolvomax Member Posts: 5,238
    Trade in between $11-13,000
  • ateixeiraateixeira Member Posts: 72,587
    How 'bout this Legacy (must've slipped through the cracks):

    ateixeira, "Real-World Trade-In Values" #34110, 24 Oct 2007 11:16 am
  • will42will42 Member Posts: 21
    Thanks. I don't think he'll be trading it soon. He owes $15,500 and was hoping he only had $1,000 of negative equity.
  • ucdrumsucdrums Member Posts: 4
    I am about to purchase a mazda 3 but the dealer i am working with claims that dealers don't use kbb for trade in value but that they use galves.com, never heard of galves and they were a good %50 lower in trade in value. ANy body know how i can get him to use kbb or get around this galves value which seems only to benefit the dealer not me. I am very concerned...
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    KBB is too high for a dealer to use it. KBB is good when they want to SELL you a car, not buy one from you. KBB is pretty up front about their pricing, stating that it is based on dealer asking prices, not realized prices like at an auction. Given that they use mathematical formulas, it makes sense that if the retail price KBB shows is an asking price, then the formula used to calculate trade-in (percentage of retail) will be too high.

    A dealer will not use KBB to offer you a trade-in. You can just forget it, it's not going to happen.

    Of course, you can refuse it, you can shop around, you can ask for more.

    No price guide is gospel. They are all "ballpark".

    If you want "gospel", go to auction prices--this is REAL money spent on REAL cars.

    If a dealer checks auction prices and sees say 25 results for your car in the $8K-9.5K range, he certainly isn't going to offer you a KBB price of $11K.

    There are RARE cases where trade-in might match KBB I think (back me up you car guys)...when the car is really "hot" in the market and when yours is a perfect or desirable example of same AND the weather is right and the geography is right. The stars would have to all align perfectly.

    Don't mean to discourage you, just trying to get real here.
  • cccompsoncccompson Member Posts: 2,382
    Galves is used by dealers in the Northeast and its numbers (at least in comparison with KBB) are lower.
  • dkuhajdadkuhajda Member Posts: 487
    I have a friend who is looking to trade or sell and I no longer have access to any recent data from the BHPH lot I use to help out with.

    2006 Scion XA
    17,300 miles
    Auto
    PW, PD
    Floor Mats, Cargo Mat
    Pioneer/Toyota MP3 CD stereo, 6 speaker.
    Clean but not outstanding.
    Black, not to many visible marks like dark colors normally show.
    No mechanical issues or wrecks.
    New tires.
    Recent full safety inspection, part of 15,000 mile service.

    She has another kid on the way and needs something larger.
    Wants to trade but I am sure she is upside down a bit, owes $15,825. Has 100K Toyota transferrable warranty if she does private party sale, will get around $500 back if she cancels it.

    Private party versus trade values please.

    Depending on the values I may want to buy it for myself as these are almost impossible to find used around here. Car is currently in Cleveland area, but could be traded in as far west a Fort Wayne, IN.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    She's upside down more than a "bit"---whoa! If she owes $15.8K, on a trade-in she's upside down by about $8,000 bucks.

    Retail asking price on that car is about $12,999, fair market value I think is about $10,900--$11,750 IMO.

    I own this very car, so I've researched it some.

    She must have bought it with nothing down, would be my guess, to owe so much on it.
  • dkuhajdadkuhajda Member Posts: 487
    It is a hard one to pick a number on because there are so few on dealer lots around here. All with asking prices of $14,000 to $16,000 for the CPO ones. Kind of like the Toyota Yaris, can't find many of them used.

    I don't know the original deal details though. I do know she has the extended warranty to 100K and GAP insurance. GAP usually runs around $4-600. I will have to have he see if there would be any GAP refund also.

    I am hoping somone might have recent auction reports for the car to get a better idea on value.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    $16000? That's might steep.

    Hmmm...let me check the San Francisco Toyota dealer asking price, which is usually laughably high anyway....stay tuned...

    (later that day...)

    Okay I'm back.

    They have a very low miles 2006 xA loaded, asking $15488, which I'm sure you could get for $14.5K no problem.

    A local dealer near me has a 2006 xA with 16,000 miles for asking price of $13,288.

    As for trade, Toyota of San Francisco offered me $8000 on my 2006 xA a few months ago, and another local Toyota store offered to buy me outright for $8,500.

    Hope all this helps!
  • steine13steine13 Member Posts: 2,825
    This exact car, down to the color, was sold by a Japanese colleague here at work. One year old but an '06, 17k, automatic. The dealer had offered him something ugly like $8,500 and he sold it privately, in ten minutes I might add, through the lab's bulletin board. And we only have 200 employees or so, so maybe it was just lucky.

    That was about the middle range of auction prices at the time -- say, six weeks ago.

    I almost bought it myself, except I hate an auto in a small car.

    $15,800 owed is as idiotic as it is hopeless. Only cash will cure this problem.

    Why do people do this to themselves???

    -Mathias
  • woodywwwoodyww Member Posts: 1,806
    $15,800 owed is as idiotic as it is hopeless

    LOL. Don't hold back--tell us what you really think. :P I'll remember that line tho--almost out of early Woody Allen maybe.

    PS-- What did your colleague get for the car?
  • steine13steine13 Member Posts: 2,825
    Well, duh.
    I meant to put that in of course... that was the whole point of the post... that's pretty dumb.

    $10,500 is what he asked, and that's what he got. A lot of car for the money, and had it been a stick, I probably would have bought it.

    -Mathias
  • tj11119tj11119 Guest, Member Posts: 138
    Hello,

    Thanks in advance for any info on my trade-in value before I go to the dealer...

    Location: San Diego, CA
    Year/Make/Model: 2004 Toyota Camry SE
    Body Style: 4 door sedan
    Engine: 2.4L 4cyl, automatic
    Driveline: FWD
    Mileage: 37,200
    Color: Black
    Major Options: Sunroof, Spoiler, Alarm, SE Alloy Rims, 4 Wheel ABS.

    Condition:
    Exterior - small ding on right fender.
    Interior - - perfect
    Tires - probably at 25%
    Brakes - within specs.
    Maintenance - All done at Toyota dealer, full records and receipts.

    Other: Was involved in small fender bender, Insurance paid to have it professionally repaired at Toyota Certified Collision center - replaced fender and headlight, does not show at all, perfect paint.

    Currently owe 7600 on it, has treated us great... looking to upgrade soon! :)
  • nthenthe Member Posts: 414
    1999 Mercedes C280
    2.8 L V6
    RWD
    72026
    Gold outstide, beige int
    Leather, sunroof, heated seats, cd changer
    Inside and outside very clean, no dents or scratches, no wrecks, no bodywork. All regular maint done, tires have good amount of tread left, and brakes are real good.
    3 owner car though.
  • volvomaxvolvomax Member Posts: 5,238
    Well, since the fender was replaced, that means that the VIN sticker is missing from the replacement fender.
    Sure fire sign that the car has been in an accident.

    Unmolested, the car is probably an $11-12,000 car.
    W/ a replacement fender(what about the Carfax) and obvious bodywork, its probably a $9-10,000 car.
  • volvomaxvolvomax Member Posts: 5,238
    Should be a $6-7000 car.
  • ateixeiraateixeira Member Posts: 72,587
    Even if they don't deal on Shifty's $15.4k price, and she paid way too much for the warranty, let's call it $1600 (*), that's a total of $17k. Add taxes and watever else, did she buy the undercoating?

    For an 06 that balance still seems high.

    2 years in to even a 6 year loan, and that $17k should be down well below $15,800.

    The dealer raked her over the coals.

    * $1600 is way too much for that warranty because I can get a 7/100 bumper to bumper warranty on my Sienna for $880.
  • volvomaxvolvomax Member Posts: 5,238
    FAIK, Scions are 1 price cars.
    Maybe she had a trade that she was upside down in?
  • ateixeiraateixeira Member Posts: 72,587
    Good point.

    Did she happen to trade in a 0/0/0 Mitsubishi? :D

    Seriously, though, tell her to keep her xA for 10 years at least. Get back on her feet!
  • dkuhajdadkuhajda Member Posts: 487
    Forgot to mention it has the side curtain airbags.

    Yes, Scions are one price cars.
    $13580 Base W/ Auto
    $650 side curtain airbags
    $120 floor mats
    $275 interior light kit

    $14625 sub total
    $914 tax
    $250 Doc fees
    $1200 100K 7yr warranty, order included 3/36K dealer maintenance as well but it looked like it was included in the price on the extended warranty.
    $600 Gap Ins
    $75 Loan cost
    Total $17,664
    Purchased July 2006
    Want to know the catch, 90 day deferred payment plus 72 months of payments @ 9.79% from day 1. <---- Why the dealers can get away with doing that to stupid people I will never know, kind of like the BHPH lots charging 29% interest or something except those people usually have no choice.

    I told her to live with the car, or start working the corner in her french maid outfit...It is not like the stuff just won't fit, it will be cramped, but oh well.

    Still $5K upside down after warranty and gap refund, one dealer offered $10K, car is pretty much lot ready after this weekends detail.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Okay, now the murky waters become clear.

    Mine was a manual trans and no side curtain airbags (I figured if I got T-boned by a Marin Land Rover, I didn't want to linger in the hospital) but I got satellite radio and cargo mats and tote bag, and it was $15,300 out the door, all tax and license. I put $2k down and financed the rest at 60 months at 6.25%.

    Right now, I'm upside on the loan by $2,500.

    Goes to show...people shop for a car but they forget to shop for money.

    Poor thing, she'll never get whole on that car I'm afraid :cry:
  • cccompsoncccompson Member Posts: 2,382
    Who woulda thunk the numbers could be so dismal on a Toyota product?
  • dkuhajdadkuhajda Member Posts: 487
    At least the maintenance is covered for a couple more years. And she should not have any problems that are not covered by her warranty until it is paid off. 15K per year roughly x 7 years should be no problem for a Toyota, should it?

    She just will be responsible for non-covered maintenance after 36K, and the car payment. Plus at an average of 36MPG she does not pay much for gas compared with most any other larger vehicle.

    I agree, she should live with it many more years.

    Unfortunately, I need a new car in a hurry, she really does need something a little larger. I have to return a rental because my ride, 2003 Toyota Matrix, was totalled, $9000 worth of damage, last week by an 80 year old guy.

    Is $13K a fair number for the car provided I get the warranty and the rest of the maintenance coverage? Seems like about the right number to me, car is dealer lot ready and I know the maintenance history.
  • njexpressnjexpress Member Posts: 170
    Hi,
    Can somebody let me know if I am way off on my asking price for a private party sale? What are the odds of getting the same numbers in spring assuming I just tack on a few hundred more miles (Well, the reality is, I really don't expect to clock more than 500 miles over the next 5 months, considering the car has barely been run 2k miles so far in 2007).

    2002 HONDA S2000 CONVERTIBLE &#150; 34,500 MILES. PRISTINE CONDITION INSIDE AND OUT!! SQUEAKY CLEAN TITLE, NON SMOKING LADY DRIVEN.
    VIN - JHMAP11472T000116
    FORMULA RED / BLACK INTERIOR, DETACHABLE HARD TOP, Custom black Grill Inserts, Rick&#146;s Custom red & black leather Shift Boot and Black Aluminum Counter sunk shift knob, Painted red calipers with custom decals, Custom two tone leather steering wheel cover, Head rest back cover replaced in red, INGEN Cold air flow intake, NEVER TRACKED, ALWAYS BABIED, Convertible top replaced, Lovingly cared for, Meticulously and repeatedly hand detailed by me with ZAINO SHOW CAR PRODUCTS, Needs very little maintenance!! Pictures do no justice for this car &#150; You have to see it to believe it!!!
    Priced low for a quick sale &#150; This car will actually cost you way more next spring!!!

    Edmunds.com PRIVATE PARTY VALUE IS US$ 20,300/-. ASKING US$ 19,988 &#150; FIRM!
    FREE CARFAX REPORT AND MONEY BACK GUARANTEE AVAILABLE

    What do you folks think? Any Input would help...
    Cheers!!
    --njexpress
  • qbrozenqbrozen Member Posts: 33,736
    well, while I can't help you with the price, I can tell you that your ad doesn't work for me.

    When people do things like paint their calipers, add stickers, CAI, etc, etc.... then say "lady driven. never tracked." I get a queasy feeling. I would at least drop the "lady driven" part because it isn't a selling point when considering the mods. It just tells me that the lady is a bit of a car person and probably drove it like a sportscar should be driven.

    Oh, and I'd also probably drop the part about the top being replaced. That tells me it has seen the outdoors more than the 34k miles would dictate. Just a thought.

    '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

  • njexpressnjexpress Member Posts: 170
    Hi,
    Thanks for the input. Yes, I will seriously consider dropping the lady driven part. The reason I mentioned the top was because it is a known issue that the tops can go bad.
    Thanks again.
    Cheers!!
    --njexpress
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    $13K is a dealer retail price. You could buy boatloads of 2006 xAs for that. No, not a rip-off by any means, but it's like going to a dealer and paying what he asks without bargaining. I'd say $13K with warranty, etc won't hurt you. If you rack up $1,000 in warranty repairs, then you're about even up on the deal.
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