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Real-World Trade-In Values

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Comments

  • volvomaxvolvomax Member Posts: 5,238
    Sounds like a $9-10,000 truck to me.
  • waterdrwaterdr Member Posts: 307
    Thank bud. Dealer offered me $10k for the trade with 1% below invoice on a new one plus rebates.
  • qbrozenqbrozen Member Posts: 33,736
    Thanks, vmax!

    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

  • rick_in_folsomrick_in_folsom Member Posts: 6
    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.

    Thanks for your help.

    Rick
  • volvomaxvolvomax Member Posts: 5,238
    In its current condition and market, it is probably a $6-7000 car.

    In Colorado for example, it might bring $8-9000
  • robbiegrobbieg Member Posts: 350
    I thought Honday only made a manual transmission V6 in the coupe. Are you sure that it is a sedan?
  • pah2ospah2os Member Posts: 2
    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
  • volvomaxvolvomax Member Posts: 5,238
    I'm thinking @ $13-14,000
  • pah2ospah2os Member Posts: 2
    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. ;)
  • volvomaxvolvomax Member Posts: 5,238
    That does seem rather low.
  • qbrozenqbrozen Member Posts: 33,736
    lol. ummm... yeah, i'm pretty darned sure.
    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

  • gatorboy2gatorboy2 Member Posts: 5
    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.

    Many thanks for any advice.
  • volvomaxvolvomax Member Posts: 5,238
    I think Carfax is giving you all the money for this car.
    Personally, I like this car more at $9,000 than $10,000.

    You probably could get more private party,but probably not alot more.
  • ateixeiraateixeira Member Posts: 72,587
    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.

    Sell it quick before they come to their senses.
  • gatorboy2gatorboy2 Member Posts: 5
    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.
  • gf2020gf2020 Member Posts: 49
    "Trade in should be between $15-16000"

    Just as a follow-up, the dealer offered me $16,000 in trade towards the 2008 Subaru Outback XT that I just ordered.
  • firasatahmedfirasatahmed Member Posts: 1
    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..
  • akanglakangl Member Posts: 3,282
    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.

    Thanks!
  • cccompsoncccompson Member Posts: 2,382
    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.
  • cdnpinheadcdnpinhead Member Posts: 5,618
    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.

    I don't know if Volvomax has hung out in enough of the forums you have to know you're from AK.
    '08 Acura TSX, '17 Subaru Forester
  • kolonyakolonya Member Posts: 6
    Location: Buffalo, NY
    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
  • akanglakangl Member Posts: 3,282
    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. :blush:

    Yes, the car is in Fairbanks, Alaska
  • woodywwwoodyww Member Posts: 1,806
    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......
  • gatorboy2gatorboy2 Member Posts: 5
    Not to worry, the deed is done. Took their advice and drove it over this morning. Very painless and quick. Again, thanks to all who replied. :)
  • berkut027berkut027 Member Posts: 22
    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.

    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.
  • cccompsoncccompson Member Posts: 2,382
    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.
  • berkut027berkut027 Member Posts: 22
    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.
  • cccompsoncccompson Member Posts: 2,382
    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.
  • berkut027berkut027 Member Posts: 22
    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.
  • volvomaxvolvomax Member Posts: 5,238
    Accord or Civic?
    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.
  • volvomaxvolvomax Member Posts: 5,238
    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.
  • volvomaxvolvomax Member Posts: 5,238
    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.
  • volvomaxvolvomax Member Posts: 5,238
    Dunno what a VP is, but if I look at it like an LX, then you have a $12-13000 car less whatever it costs to fix those scratches.
  • volvomaxvolvomax Member Posts: 5,238
    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.
  • fordloserfordloser Member Posts: 9
    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.
  • kyfdxkyfdx Moderator Posts: 265,547
    Dang!!

    $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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  • qbrozenqbrozen Member Posts: 33,736
    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

  • fordloserfordloser Member Posts: 9
    Thanks. I thought that the figure was pretty low for a car which runs well and has no major issues.

    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?
  • cccompsoncccompson Member Posts: 2,382
    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.
  • akanglakangl Member Posts: 3,282
    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!
  • scottinkyscottinky Member Posts: 194
    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
  • volvomaxvolvomax Member Posts: 5,238
    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.
  • volvomaxvolvomax Member Posts: 5,238
    No LE's have run thru the auctions yet.
    My "guess" is high $20's
  • scottinkyscottinky Member Posts: 194
    wow, that blows considering it had a 52k sticker on it
    i would eat 6-7K, not 15k
  • woodywwwoodyww Member Posts: 1,806
    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......
  • colloquorcolloquor Member Posts: 482
    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.

    Good luck with your 9-5.
  • cccompsoncccompson Member Posts: 2,382
    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.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    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.
  • cccompsoncccompson Member Posts: 2,382
    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.
  • ateixeiraateixeira Member Posts: 72,587
    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.
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