So it sounds like the Accord has held steady or even increased slightly in recent months. I assume this kind of thing happens when a new model is introduced and street prices for new ones are higher than before. In other words, when new '07 Accords were going for well below invoice, my car was taking a hit. NOw the '08s are out and fetching more $$ and mine looks like a better buy.
'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
Hello, I would appreciate any help in understanding what the truer trade-in value is for my 2001 new Passat. I am in Sacramento, CA. Here are the specs.
2001.5 New Passat GLX 4-motion 4 door sedan, v-6 All wheel drive 42,000 miles Colorado red exterior/Beige interior Standardly equipped but fully loaded. Some body damage (dent on rear passenger side door) and normal wear interior Tires likely need to be replaced New rear brakes and newer front brakes Regular and major maintenance completed No accidents or insurance claims original owner.
Location: Harrisburg PA 2004 Nissan Titan LE King Cab Engine:V8 Driveline:2WD Mileage:23,000 Color:Dark Gray Major Options:Multi Disk, Tonneau cover Condition: Good,Interior condition good, small scratch on drivers door, 1 small hood ding from a rock Brakes 1 year old No accidents or any other kind of major work. Manual windows and door locks
Thanks, That's what we were thinking but the dealer was only going to give us $7,000 because it's not 4WD. Needless to say we told him what they could do with that amount.
Hi. I'm a new member and this is my first post. I think I understood all the posting guidelines so I hope I'm not asking a question that's out of bounds. I'm trying to figure out whether to take a CarMax offer on my '05 Pacifica.
Here are the facts:
DC area '05 Pacifica Touring, FWD, Butane Blue, 59 K miles Purchased in May '04 even though it's an '05 Traction control, power liftgate, power moonroof and F&R side airbags No major damage but needs 60K service, new front tires, has two windshield chips, and a scratch or two Interior in excellent shape
Supposed trade-in values are as follows: KBB good - $9,800 NADA - $13,375 Edmunds TMV clean - $11,315
CarMax has offered an even $10,000. Another place that does a lot of radio advertising and claims they beat most CarMax offers gave an over the phone estimate of between $8,000 and $9,000.
Could do a private party sale but not sure I have the time and inclination for that. On the other hand, and the one thing that gives me pause, is the retail pricing I see around here. Other '05s seem to be listed for between $15k and $20K depending on miles, AWD, DVD etc., and one big dealership that I think specializes in tough credit has about 20 priced between $20k and $24k.
But I don't know if they're actually selling. When I look at completed listings on eBay, of 100 Pacificas recently listed only 16 sold and none were too too out of line with Edmunds - though vehicles in FL seemed to go for a bit more.
So, the bottom line question - and I know it's ultimately my decision - do I take the easy way out and sell for $10k - no hassle. Or do I try to do a private party sale. If it only nets me a little more I lean towards no hassle. OTOH, if I can really get $15 or $16k that's another story.
Sounds high to me, too, I'd take the money and run.
A buyer will probably have to fix the windshield to get it to pass inspection, and there's a $600 or so 60k mile service that they would pretty much have to schedule the day they buy the car.
Thanks volvomax and ateixeira. Is this a typical spread between an offer and retail asking prices, is it just this area, or is something weird going on here? I figure there's some negotiating room on the retail, and the one dealer chain I mentioned probably has real high finance costs but am just curious. Again thanks.
hi...im very happy to see a place like this...i am planning to get a honda coupe 2003 which has 100k miles on it..the dealer price is $10800..how much can i negotiate it...plz let me know...thx in advance..
A friend of ours is thinking the dealer is giving them the shaft on trade in value......what do you think?
2006 Subaru Forester X 4-cyl/manual AWD 45k miles Black/grey No major options, has plain wheels and such Its in good shape, no accidents, clean All maintenance dealer performed, just had its 45k service tires good, brakes good no accident history 1 owner car
Dealer is offering $13k, they are looking at a new 08 Forester.
Got yet another example yesterday how the "books" bear little relation to reality when I shopped my '05 Honda Odyssey R&N (nice vehicle with 38,500 miles) on a new 07 Toyota Sequoia SR5 4wd in Columbus.
Edmunds trade value = $25,000 NADA trade value = $24,750 KBB trade value = $22,825 (excellent condition) or $21,570 (good)
The Sequoia (their last '07 on the lot) stickered at $39,539 and was window priced at $31,900, basically invoice less $3000 rebate.
Just asked 'em for a number on the Odyssey (and we did zero negotiation) so their $20,000 figure could be considering an opening bid. I, however, saw it a lowball making it unworth my time to grind.
Was a bit surprised though because I thought that they would REALLY want to move the Sequoia.
If the vehicle you're asking about is in AK, that might be worth mentioning. Even if it isn't, location can sometimes be important.
*smacks head on desk* I *knew* I was forgetting something. I even re-read the post several times, still didn't catch it.........must have been a blonde moment.
When volvomax tells you: Carfax is giving you all the money for this car
And, when another board member agrees: Personally, I'd be driving the car down to Carfax, like, right now. And leave trying to figure out dlr retail pricing 'til later.
It's got real high miles for an '05, & needs tires, etc. Private buyers may try to offer you less than carfax, is my guess......or you might make an extra $1000.....maybe......
Am looking for some guidance on trade-in value for our minivan. We're looking to trade in on a new Honda Odyssey and I've been to 1 dealer who would only go as high as $6000 on a trade (they felt that they were giving us such a good deal on the new van that they couldn't go higher on the trade--I'm not convinced). I called the dealer where we have it serviced and their used car manager said $7500 but wasn't interested in buying it himself--they had a very similar one already on the lot but with 60,000 miles--retailing for $12,991.
Location: Seattle, WA Year/Make/Model: 2001/Chrysler/T&C Limited AWD Mileage: 47,000 Color: Dark Blue exterior/Grey interior Major Options: CD changer, integrated childseat Condition: Overall very good condition with the following exceptions: Has a few minor scratches in various places--nothing inconsistent with its age and mileage; has a small rock chip (not crack) in windshield directly in front of driver Tires - still on original tires, so they are ready for replacement Single owner; have all service records; maintained according to Chrysler schedule
Another question: I wouldn't sell to a private party with the tires in this condition, but I figure that a dealer can replace them cheaper than I can (my cost is approx. $500 installed for a decent set of Michelins). Would I be better off going ahead and replacing them myself so that isn't an issue at negoiation time?
The NADA and KBB numbers clearly bear no relation to reality here. Edmunds comes close. Given that you need a windshield and tires, $6000 strikes me as about as much as a dealer would actually pay for it.
Given the low mileage and AWD (how much demand there would be for it in Seattle is questionable), it might sell on craigslist for less than 8K. Putting tires on it would be throwing money away IMHO - just use this as a negotiating point with any potential buyer.
OK, thank you very much for the reply. Maybe I need to lower my expectations on the trade-in value--I thought NADA and KBB would be reasonable data points but perhaps not.
AWD is valuable in Seattle, particularly in the winter--we're only 40 minutes from the Cascade mountains and skiing.
This thread is replete with examples of just how wrong the "books" can be. See my post #34529 of yesterday for one such instance.
I don't doubt the desirability of AWD there, just question how much extra someone would pay for it on a seven year old Chrysler minivan.
Probably the best thing you can do is to shop at least three dealers (and I know that Honda price competition in your area is far from the hottest in the country) and get hard numbers for the both the Odyssey and your trade. THAT will tell you what it's truly worth in your market.
Thanks again for your advice. Most appreciated. A dealer emailed me a sight-unseen bid on the T&C for $7000 (subject to adjustment up or down when they see it). Unfortunately, this dealer is asking $1000 more on the new Odyssey than my lowest alternative ($500 over invoice) and they have a higher money factor on the lease, as well. So my challenge is to find the best combination of price on the new Odyssey, price offered me on the T&C trade-in and terms of the lease. Different dealers are doing well in each of those 3 areas, but none really stands out as a satisfactory deal on all 3. Not to mention that nobody in the area seems to have or be able to find the Mocha Metallic color that my wife really wants. I'll keep plugging away.
Thanks to you and everyone else on this board--it's great to be able to exchange information with other buyers/sellers and get advice from knowledgable people.
If they are selling a car at invoice minus the incentive, then they aren't going to want to bury themselves in a trade. If your Odyssey is a Touring model, they are a little low, like maybe a grand. If it is an EX-L, they are offering all the money.
Well, if it is scratched up,needs a windshield and tires than it is not in very good condition. It's average at best. The miles do help, but it is still a Chrysler minivan that needs some work.
Given that information, I don't see the $6 grand as out of line. The fact that your dealer didn't want to buy it is telling.
Boston area 2001 Saab 9-5 Sedan. Silver exterior with beige interior. Manual transmission, FWD, 4 cyl with turbo, traction control system. 58,000 miles. Heated leather seats. Harmon Kardon sound system. Tires about 1 year old. New front brake pads and rotors. New SID (information display). No prior damage, insurance claims, etc.
Dealer offered $4,000, said that he might be able to go to $4,500. From reading posts on this forum and others, I understand that this car has issues, but $4,000 seems very low to me.
$4K?! I have no idea, but that sounds really, really low...
I'm betting that a manual transmission 9-5 is hard to find... If you put it up for sale by owner, I'm guessing that you'll find an enthusiast for a nice low-mile stick-shift...
It does seem low, and it seems like a great deal for someone looking to buy private party ... but I've got a feeling it is correct. The miles are low, but the stick kills it for a dealer and it is, after all, a 7-year-old Saab. That is approximately the age of my Volvo S70 T5 when I was looking to sell it and that was also a $4k car at the time, although it had 115k miles, it was an auto, a top-of-the-line model, and a volvo (still a sweed, but held in higher regard at trade time than its countryman).
'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
Yeah, it's a Touring (somehow I managed to omit that slightly vital piece of information!).
It's just as well because I've come back to reality - it makes no sense (not to mention cents) to trade something that gets 28 on the road for 18 when gas is three bucks a gallon.
From where I sit, you are getting all the money. miles are high for an 06. There are cars w/ less than 30k miles going for that much in the lower 48.
Thanks, that's what I thought. However, they are newbies at trading in cars, this was their first new one ever and they think its worth a lot more than $13k. Personally I think the dealer is being generous, but unfortunatly they don't see it that way. Ah well, everyone has to learn by the school of depreciation sometime!
Lexington, ky 2008 Nissan Armada LE 4WD 5.6 V8 dohc 32 valve 3800 miles every single option offered. nav, sat. 2nd row capts chairs, power 3rd row seats, pwr liftgate, sunroof, adj. pedals, etc.. made 2 payments, lease cap cost around 44K. 1 oil change done by dealer. 39mo lease
Is $4000, or $4500 low? Yes it is. However, this isn't a car that any dealer is going to want to pay real money for anyway. You could try selling it yourself, but you probably won't get alot more.
Is a Saab dealer more likely to give me a higher trade in figure than the Honda dealer which gave me the $4,000 offer?
Maybe, but when you go to trade-in the new saab in a few years, you'll still be faced with the crummy resale value of saabs.
If there's one area where saabs are still slightly popular, it must be New England. If you have the patience, I'd try craigslist, the want ad, etc. (start at $5900? or $5700?) And yours has very low miles. But by trading it, you'd also get the 5% tax break; another $200 or so......
As one who's driven both SAAB and Volvo since 1970, SAABs are notorious for poor resale value. And, what's strange, I've had far fewer problems with any SAAB I've owned compared to the Volvos. I know I'm in the minority there, but that's my experience. Resale value is based upon market and consumer perception. Sometimes perception is wrong. I currently have one SAAB with over 300K on the clock, and nothing internal to the engine - including the timing chain - has required replacement. Frankly, it's been the most reliable car in our household, including our son's Honda.
Had a 1984 Saab 900S and a 1986 Volvo 760 Turbo wagon in the '90s. They were both very good cars.
Test drove a '99 9-3 when they were running a super lease special then and it just seemed cheap.
It seems as though now they have to discount both brands tremendously when new just to move them, never a good sign. The only thing I've been able to figure is that American ownership has wrecked both companies.
Make no mistake. Once an automaker loses its reputation in America, it's hell to get it back. For whatever reason (poor service? lack of parts? bad design?) Saab cars performed very badly overall in America compared to their competition, some years back. American buyers are still shy of them, especially when used and going out of warranty. I wouldn't blame American ownership for this.
Well, IIRC, 15 to 20 years ago, Saabs had a good reputation and resale here. Don't know exactly when GM took control but things seemed to take a turn for the worse after the 900 was re-bodied in '94 or so.
Being in Alaska increases the value, but the high miles really hurt.
In my area you can buy a new Forester X for $19k, and that's even with an automatic transmission.
Any more than they offered is just too close to a new Forester price.
One big reason is the 2009 model is about to show up, it's already out in Japan and will make its US debut at NAIAS, and hit dealers around March.
Tell your friend the trade is not only fair, but also the value may go down once the 2009 models show up in dealers. They'll also be clearing out the 2008s, further eroding his trade in value.
Comments
So it sounds like the Accord has held steady or even increased slightly in recent months. I assume this kind of thing happens when a new model is introduced and street prices for new ones are higher than before. In other words, when new '07 Accords were going for well below invoice, my car was taking a hit. NOw the '08s are out and fetching more $$ and mine looks like a better buy.
'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
2001.5 New Passat GLX 4-motion
4 door sedan, v-6
All wheel drive
42,000 miles
Colorado red exterior/Beige interior
Standardly equipped but fully loaded.
Some body damage (dent on rear passenger side door) and normal wear interior
Tires likely need to be replaced
New rear brakes and newer front brakes
Regular and major maintenance completed
No accidents or insurance claims
original owner.
Thanks for your help.
Rick
In Colorado for example, it might bring $8-9000
2004 Nissan Titan LE
King Cab
Engine:V8
Driveline:2WD
Mileage:23,000
Color:Dark Gray
Major Options:Multi Disk, Tonneau cover
Condition: Good,Interior condition good, small scratch on drivers door, 1 small hood ding from a rock
Brakes 1 year old
No accidents or any other kind of major work.
Manual windows and door locks
they made 6-spd sedans in '06 and '07 only. So its a rare collectible! Interested? ;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
Here are the facts:
DC area
'05 Pacifica Touring, FWD, Butane Blue, 59 K miles
Purchased in May '04 even though it's an '05
Traction control, power liftgate, power moonroof and F&R side airbags
No major damage but needs 60K service, new front tires, has two windshield chips, and a scratch or two
Interior in excellent shape
Supposed trade-in values are as follows:
KBB good - $9,800
NADA - $13,375
Edmunds TMV clean - $11,315
CarMax has offered an even $10,000. Another place that does a lot of radio advertising and claims they beat most CarMax offers gave an over the phone estimate of between $8,000 and $9,000.
Could do a private party sale but not sure I have the time and inclination for that. On the other hand, and the one thing that gives me pause, is the retail pricing I see around here. Other '05s seem to be listed for between $15k and $20K depending on miles, AWD, DVD etc., and one big dealership that I think specializes in tough credit has about 20 priced between $20k and $24k.
But I don't know if they're actually selling. When I look at completed listings on eBay, of 100 Pacificas recently listed only 16 sold and none were too too out of line with Edmunds - though vehicles in FL seemed to go for a bit more.
So, the bottom line question - and I know it's ultimately my decision - do I take the easy way out and sell for $10k - no hassle. Or do I try to do a private party sale. If it only nets me a little more I lean towards no hassle. OTOH, if I can really get $15 or $16k that's another story.
Many thanks for any advice.
Personally, I like this car more at $9,000 than $10,000.
You probably could get more private party,but probably not alot more.
A buyer will probably have to fix the windshield to get it to pass inspection, and there's a $600 or so 60k mile service that they would pretty much have to schedule the day they buy the car.
Sell it quick before they come to their senses.
Just as a follow-up, the dealer offered me $16,000 in trade towards the 2008 Subaru Outback XT that I just ordered.
2006 Subaru Forester X
4-cyl/manual
AWD
45k miles
Black/grey
No major options, has plain wheels and such
Its in good shape, no accidents, clean
All maintenance dealer performed, just had its 45k service
tires good, brakes good
no accident history
1 owner car
Dealer is offering $13k, they are looking at a new 08 Forester.
Thanks!
Edmunds trade value = $25,000
NADA trade value = $24,750
KBB trade value = $22,825 (excellent condition) or $21,570 (good)
The Sequoia (their last '07 on the lot) stickered at $39,539 and was window priced at $31,900, basically invoice less $3000 rebate.
Just asked 'em for a number on the Odyssey (and we did zero negotiation) so their $20,000 figure could be considering an opening bid. I, however, saw it a lowball making it unworth my time to grind.
Was a bit surprised though because I thought that they would REALLY want to move the Sequoia.
I don't know if Volvomax has hung out in enough of the forums you have to know you're from AK.
Year/Make/Model: 2005 Honda Accord VP
Body Style: 4dr
Engine: 4 cylinder, automatic transmission
Driveline: FWD
Mileage: 34000
Color: Blue ext / Grey int
Condition:
scratch on hood (1")
scrath on rear panel (7")
Tires - 50% worn
Brakes - Good
Maintenance - Regular (Honda Dealerships)
Other: Original Owner
*smacks head on desk* I *knew* I was forgetting something. I even re-read the post several times, still didn't catch it.........must have been a blonde moment.
Yes, the car is in Fairbanks, Alaska
And, when another board member agrees: Personally, I'd be driving the car down to Carfax, like, right now. And leave trying to figure out dlr retail pricing 'til later.
It's got real high miles for an '05, & needs tires, etc. Private buyers may try to offer you less than carfax, is my guess......or you might make an extra $1000.....maybe......
Trade--in values from KBB, NADA, Edmunds:
KBB trad-in: $9945
NADA trade-in: $9575
Edmunds TMV trade-in: $7047
Location: Seattle, WA
Year/Make/Model: 2001/Chrysler/T&C Limited AWD
Mileage: 47,000
Color: Dark Blue exterior/Grey interior
Major Options: CD changer, integrated childseat
Condition:
Overall very good condition with the following exceptions:
Has a few minor scratches in various places--nothing inconsistent with its age and mileage; has a small rock chip (not crack) in windshield directly in front of driver
Tires - still on original tires, so they are ready for replacement
Single owner; have all service records; maintained according to Chrysler schedule
Another question: I wouldn't sell to a private party with the tires in this condition, but I figure that a dealer can replace them cheaper than I can (my cost is approx. $500 installed for a decent set of Michelins). Would I be better off going ahead and replacing them myself so that isn't an issue at negoiation time?
Thanks in advance for any guidance.
Given the low mileage and AWD (how much demand there would be for it in Seattle is questionable), it might sell on craigslist for less than 8K. Putting tires on it would be throwing money away IMHO - just use this as a negotiating point with any potential buyer.
AWD is valuable in Seattle, particularly in the winter--we're only 40 minutes from the Cascade mountains and skiing.
I don't doubt the desirability of AWD there, just question how much extra someone would pay for it on a seven year old Chrysler minivan.
Probably the best thing you can do is to shop at least three dealers (and I know that Honda price competition in your area is far from the hottest in the country) and get hard numbers for the both the Odyssey and your trade. THAT will tell you what it's truly worth in your market.
Thanks to you and everyone else on this board--it's great to be able to exchange information with other buyers/sellers and get advice from knowledgable people.
I assume Accord, so what trim level?
Auto or manual?
Engine?
What part of the country are you in?
Need more info to help you.
miles are high for an 06.
There are cars w/ less than 30k miles going for that much in the lower 48.
If your Odyssey is a Touring model, they are a little low, like maybe a grand.
If it is an EX-L, they are offering all the money.
It's average at best.
The miles do help, but it is still a Chrysler minivan that needs some work.
Given that information, I don't see the $6 grand as out of line.
The fact that your dealer didn't want to buy it is telling.
2001 Saab 9-5 Sedan. Silver exterior with beige interior. Manual transmission, FWD, 4 cyl with turbo, traction control system. 58,000 miles. Heated leather seats. Harmon Kardon sound system. Tires about 1 year old. New front brake pads and rotors. New SID (information display). No prior damage, insurance claims, etc.
Dealer offered $4,000, said that he might be able to go to $4,500. From reading posts on this forum and others, I understand that this car has issues, but $4,000 seems very low to me.
$4K?! I have no idea, but that sounds really, really low...
I'm betting that a manual transmission 9-5 is hard to find... If you put it up for sale by owner, I'm guessing that you'll find an enthusiast for a nice low-mile stick-shift...
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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
I have one other question. Is a Saab dealer more likely to give me a higher trade in figure than the Honda dealer which gave me the $4,000 offer?
It's just as well because I've come back to reality - it makes no sense (not to mention cents) to trade something that gets 28 on the road for 18 when gas is three bucks a gallon.
miles are high for an 06.
There are cars w/ less than 30k miles going for that much in the lower 48.
Thanks, that's what I thought. However, they are newbies at trading in cars, this was their first new one ever and they think its worth a lot more than $13k. Personally I think the dealer is being generous, but unfortunatly they don't see it that way. Ah well, everyone has to learn by the school of depreciation sometime!
2008 Nissan Armada LE
4WD
5.6 V8 dohc 32 valve
3800 miles
every single option offered. nav, sat. 2nd row capts chairs, power 3rd row
seats, pwr liftgate, sunroof, adj. pedals, etc.. made 2 payments, lease
cap cost around 44K. 1 oil change done by dealer. 39mo lease
Yes it is.
However, this isn't a car that any dealer is going to want to pay real money for anyway.
You could try selling it yourself, but you probably won't get alot more.
My "guess" is high $20's
i would eat 6-7K, not 15k
Maybe, but when you go to trade-in the new saab in a few years, you'll still be faced with the crummy resale value of saabs.
If there's one area where saabs are still slightly popular, it must be New England. If you have the patience, I'd try craigslist, the want ad, etc. (start at $5900? or $5700?) And yours has very low miles. But by trading it, you'd also get the 5% tax break; another $200 or so......
Good luck with your 9-5.
Test drove a '99 9-3 when they were running a super lease special then and it just seemed cheap.
It seems as though now they have to discount both brands tremendously when new just to move them, never a good sign. The only thing I've been able to figure is that American ownership has wrecked both companies.
In my area you can buy a new Forester X for $19k, and that's even with an automatic transmission.
Any more than they offered is just too close to a new Forester price.
One big reason is the 2009 model is about to show up, it's already out in Japan and will make its US debut at NAIAS, and hit dealers around March.
Tell your friend the trade is not only fair, but also the value may go down once the 2009 models show up in dealers. They'll also be clearing out the 2008s, further eroding his trade in value.