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Real-World Trade-In Values

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Comments

  • ateixeiraateixeira Member Posts: 72,587
    Isn't a rental car used by many more people?

    Program or loaner cars are used by a different person every couple of days. For sure one of those people will smoke.

    A used car with that kind of low mileage (under 10k miles for the Veracruz, and the rental Taurus I had) was probably only driven by the owner and maybe a spouse.

    I would expect your odds to be a lot better. I could be way off.
  • volvomaxvolvomax Member Posts: 5,238
    I'd bet that most rentals aren't smoked in.

    Rental companies can't afford to have their cars rendered unuseable by smoke.
    A non smoker who rents one is gonna complain right away.

    as always, your mileage may vary.
  • explorerx4explorerx4 Member Posts: 20,723
    thanks, i'd like to buy a new car now, but an excuse a while to wait is not all bad.
    there are some pretty good deals out there now.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • runner45runner45 Member Posts: 4
    ">I am from NJ and have a 2000 Honda EX Coupe with 129,000. It has air,sunroof,Cd player,PW,PDL,DC Exhaust and Headers and AEM air intake. The bumber in the rear is cracked slighly, inside is clean. What is a fair price for trade at dealership ? I am looking at a Yellow 03 Mitsubishi Evolution with 31,030 miles and it is in clean condition. Dealer asking 26,485. I think this is high? and what should I negotiate for ?
  • robbiegrobbieg Member Posts: 350
    I spoke with a guy from a rental company last week and he told me that the rental companies have to super strict in performing the maintenance. Apparently, there is some sort of agreement between the rental companies and the manufacturer about buying the cars back. If they even miss even something small the manufacturers won't buy them back.
  • volvomaxvolvomax Member Posts: 5,238
    that is true.
    Especially with the luxury rentals.
    The manufacturers guarantee the buyback price.
    If the car is below par, no buyback.
  • volvomaxvolvomax Member Posts: 5,238
    Your trade is prob worth $1-2,000. I'd consider selling it yourself.

    The Evo is way overpriced IMO.
    That car should be retailing in the high teens to low 20's tops.
  • qbrozenqbrozen Member Posts: 33,736
    i agree with vmax on the Civic. List it on craigslist for $4k and you'll probably have that cash in your pocket within a week.

    and you see what he said about the EVO. I'm not surprised. I mean, it was only about $30k new, so $26k now is absolutely ridiculous.

    '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

  • longislander1longislander1 Member Posts: 112
    I believe the rules have changed and the rental companies are now stuck with the cars for a longer period. That could mean more abuse for these vehicles. I've seen recent stories that the stocks of rental car companies are down now because of that. From what I've read, the manufacturers are being far less generous.
  • volvomaxvolvomax Member Posts: 5,238
    I haven't seen any evidence of that.
    the domestics, which are the major source for rental cars, are offering fewer cars to the rental fleets.
    As a consequence of that, the fleets may have to keep their cars longer.
    Or turn to the imports for more cars. The imports really don't offer too much in the way of incentives.
  • ateixeiraateixeira Member Posts: 72,587
    You might want to list that at ClubSI.com (do they have classifieds?), or basically somewhere the modifications you've done won't hurt the value of the car.

    A dealer may even consider the car worth less than bone-stock because it would be harder to sell to a general audience.
  • woodywwwoodyww Member Posts: 1,806
    I spoke with a guy from a rental company last week and he told me that the rental companies have to super strict in performing the maintenance

    I'm sure-(I think)-that the rental companies do the maintenance. But that won't cure Abuse--that people do to the cars, even if unintentional.

    Or not? That's the problem--You don't know if one or 2 or more renters abused the trans. or engine or brake rotors, etc. And or smoked in it, if you care about that. OTOH, if you're buying a generic used low-priced car like a Taurus w/warranty at a good price, it could be worth a chance.......
  • mylegsmylegs Member Posts: 4
    Location: Austin, Texas
    Year/Make/Model: 2003 Pontiac Vibe
    Body Style: wagon
    Engine: 4 cyl, auto
    Driveline: FWD
    Mileage:62500
    Color: silver monotone, black interior
    Major Options: power moonroof, upgraded sound, power door/locks, abs, aftermarket alloy wheels. XM radio, not OEM
    Condition:
    Details of interior and exterior, including dings, scratches etc.
    Due to the incredibly great paint job on vibes, there are some small dings on the hood, passenger side door molding, rear bumper. Four small rock chips on windshield
    Tires - 20% worn
    Brakes--Good
    Maintenance--as scheduled
  • volvomaxvolvomax Member Posts: 5,238
    Sounds like a $6-6500 car.
  • kyfdxkyfdx Moderator Posts: 265,528
    Cincinnati, OH
    2002 Honda CR-V EX AWD
    4-cyl Automatic
    AWD
    98K miles
    Black w/charcoal cloth
    Typical EX equipment: Sunroof, alloys, indash CD changer
    No accidents.. typical crappy Honda black paint (shows every fingernail scratch).
    Interior-very good for six years old. No stains, rips or errors.
    Tires- Nokian WR with just 19K miles.. easily 60-70% left.
    Brakes- New pads all the way around
    Maintenance- Oil changes every 5K, dealer service every 10K, up to date.

    No issues or complaints... just keeping my options open.. ;)

    Thanks!
    kyfdx

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  • volvomaxvolvomax Member Posts: 5,238
    Prob @ $9000 +/-
  • cccompsoncccompson Member Posts: 2,382
    Really? On a trade with those miles?

    Maybe - folks have been known to spend crazy sums on Hondas but 9 sounds more like a private party number to me.
  • volvomaxvolvomax Member Posts: 5,238
    Hey, thats what they are going over the block for.
  • cccompsoncccompson Member Posts: 2,382
    Speaking of "going over the block" - asked my Honda store today for a trade quote on my '05 Odyssey Touring and received an interesting response:

    "We use Manheim figures. Yours would sell there for $20,900. All we need to do is clean it a bit and inspect it mechanically. Therefore, we'll give you $20,000."

    Say what? Like they don't clean and inspect cars bought at auction?
  • volvomaxvolvomax Member Posts: 5,238
    The inference is that they would own your trade for as much as an auction car, once they ran it through the shop.
  • kyfdxkyfdx Moderator Posts: 265,528
    Not bad.. That's about a grand more than I thought... though, I hadn't researched it..

    I paid $21,740 plus TTL for it.. about six years ago.. which was $1000 under MSRP.. Holding almost 40% of it's MSRP... Pretty good for six years @16.500 miles/yr.

    Thanks, MAX!!

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  • cccompsoncccompson Member Posts: 2,382
    Inference understood. The thing is that it was bought new at and always serviced at this store. Unlike an auction vehicle, they already KNOW what it is.

    Upon reflection though, what I really think he was saying was that there's some flexibility in his figure.
  • sgshndssgshnds Member Posts: 8
    Looking at an '05 Impala: I've pretty muched narrowed the vehicle down to the '05 LS with the 3.8 (if I can find one). ('04, '06 are options too but, for discussion purposes).

    Currently in my region (east coast/midwest), (e.g.) KBB shows $9500 trade-in value for this vehicle: 35k, basic LS trim package. The starting MSRP prices online in my area for the LS and basic trim packages for this vehicle are wildly divergent: anywhere from $15,995 and down. This is where I'm trying to get a target price solidified. I know that the Impala is "dime a dozen" - it's a typical fleet vehicle and, the depreciation is high - I just don't know how this should translate to numbers. I beleive that the dealer should make some profit, just a reasonable profit from an informed shopper. I don't want to get reamed.

    My instinct says to start with an offer at around $10,500 and staying within $500 - $1k for my target negotiation area - with my top end offer at $11,500. Does anyone think that this targeted price range is unrealistic? Any advice? Thanks!
  • stickguystickguy Member Posts: 53,336
    Well, getting a benchmark here is a good start.

    After that, you can either suffer from paralysis by analysis, or go find out. Locate a place with the right unit on the lot, and go make your offer and see what they do. If they don't budge, get up and try again on another car.

    One thing IMO on used cars though. If you find one that is really, really nice (or super rare but exactly what you want), be willing to bend a bit on your price range.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • jlawrence01jlawrence01 Member Posts: 1,757
    Currently in my region (east coast/midwest), (e.g.) KBB shows $9500 trade-in value for this vehicle: 35k, basic LS trim package.

    That is in the ballpark of what they are bringing in, maybe a bit more for clean ones.

    I know that the Impala is "dime a dozen" - it's a typical fleet vehicle and, the depreciation is high - I just don't know how this should translate to numbers.

    Not as high as you'd wish. They are very reliable fleet vehicles and are very attractive to employees for purchase after the lease is over. Low maintenance and fairly high mileage. Personally, the 2004 and 2005 models are more attractive as they get significantly better mileage (28 vs. 25) than the newest model.

    MY brother and I have a saying, "you don't get what you don't ask for." Personally, I would start around $9800 and be happy around $10,500-10,700.

    With teh Impala, you get a lot of car for the money.
  • luvcarzrichluvcarzrich Member Posts: 36
    Looking for trade value for 2004 Lexus ES330.

    98000 miles
    6 CD changer
    Roof
    Leather
    Everything but NAV and ML audio

    Also, looking for opinions on 2007 E350 leftover. $56k MSRP, $46k asking price - any idea what leverage is possible?

    Thanks all!
  • volvomaxvolvomax Member Posts: 5,238
    With those miles, its prob a $10,000 car.
  • [Deleted User][Deleted User] ColoradoPosts: 0
    Denver
    07 Acura TSX
    2.4L V6 Auto
    FWD
    8,200 Miles
    Carbon Grey Pearl/Quartz Leather
    Everything but NAVI
    Still like new
    First service done
  • luvcarzrichluvcarzrich Member Posts: 36
    Galves gives $10,875. Any thoughts on if I can get or beat that? I'd be trading it in to a Lexus or MB dealer.

    Thanks!!
  • ucfphi225ucfphi225 Member Posts: 19
    Location: Ft. Lauderdale, FL
    2003 Honda Accord EX
    2/dr Coupe 4 cyl auto
    46,500 miles
    Leather and standard EX options (moonroof, dual climate control, 6 disk in-dash CD, power driver seat, alloy wheels)
    Tires and brakes are not BRAND new, but definitely don't need to be replaced (80%)
    Proper/regular maintenance
    Single owner; no accidents, insurance claims or body damage; very clean interior; minor paint scratches (not deep, probably buffable) on one side
    Dealer's initial offer, with no haggling was $9k. KBB = approx $13,500

    Thanks in advance
  • vrynicevrynice Member Posts: 22
    Looking to trade in my 2005 Acura TL.

    24.5k miles
    Everything but Navi
    Excellent condition

    How much do you think it's worth. I am looking to trade it in for a 08 XC90.

    Thank you.
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    See the suggested info below - need location at the least.

    MODERATOR /ADMINISTRATOR
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  • vrynicevrynice Member Posts: 22
    Sorry about that....a little more detail.

    Color: White
    Location: NJ
  • kcejakekcejake Member Posts: 4
    Metro-west Boston
    2000 Nissan Quest SE; silver with dark gray cloth interior; buckets seats front and second row; full third row.
    FWD automatic
    59,500 miles (low)
    Power locks, windows, cruise, etc.
    Good condition
    New battery, tires; well maintained; no accidents

    Dealer has given us a fair deal on new Acadia ($200 over invoice) and trade-in is irrelevant. He has called local dealers/wholesalers and the most he can get is $4,000. (Original number of $3,500 and we said we wanted $5k). KBB says low trade is over $5k. Any thoughts? We are being told the day of the minivan is over...may just try to sell it ourselves but wanted to get some other opinions.

    Thanks.
    Kim
  • joel0622joel0622 Member Posts: 3,299
    Do you pay taxes on trade difference there? If so multiply the state tax rate by the $4K they are offering you and that is what your van is really drawing you.

    Meaning if you sell it your self then you pay taxes on the complete sale price. If you trade that is $4000 less you are paying taxes on.

    When all the smoke clears is the extra few hundred bucks worth going through the hassle of selling it yourself?
  • cccompsoncccompson Member Posts: 2,382
    There usually isn't any "hassle" in selling vehicles in this price range. Price it reasonably on craigslist (don't get greedy) and a cash buyer will soon appear. The low miles here are the real selling point on a vehicle that is not otherwise highly desirable.

    It's funny how dealers talk about the "hassle" a consumer goes through to sell privately but refuse to acknowledge what a "hassle" it is to buy from them!
  • gussguss Member Posts: 1,167
    I think someone needs to take a walk over to the church of CCBA and confess their sins. :)
  • [Deleted User][Deleted User] ColoradoPosts: 0
    LOL, as my wiffe puts it, maybe I need a good waxing so that wild hair stays away ;)
  • qbrozenqbrozen Member Posts: 33,736
    It's funny how dealers talk about the "hassle" a consumer goes through to sell privately but refuse to acknowledge what a "hassle" it is to buy from them!

    I've never had a dealer say that to me. Usually, they are happy for someone to do that because then they don't have to worry about insulting them with a number and it reduces the odds the deal will fall apart.

    however, I say it, and I'm not a dealer.

    Plus, I don't consider buying a hassle. Its just plain fun.

    IN ANY CASE, a 2000 well-maintained Nissan Quest with very low miles? Yeah, that should be a piece of cake to sell. Sounds like a $6k vehicle to me.

    '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
    Maybe.
    Depends on how the car shows and what the market is like there.
  • volvomaxvolvomax Member Posts: 5,238
    Going by the auctions, it's a $21-22k car.
  • volvomaxvolvomax Member Posts: 5,238
    If it's a nice car, $9k is a little low.
    I think that car should do $10-10,500
  • volvomaxvolvomax Member Posts: 5,238
    Strikes me as a $19-19500 car.
  • volvomaxvolvomax Member Posts: 5,238
    $4000 sounds like the trade number.

    You might want to consider selling it privately.
  • cccompsoncccompson Member Posts: 2,382
    Columbus, Ohio
    2003 Toyota Tundra SR5
    Access Cab
    4.7 V8/automatic
    2 wheel drive
    142,000 miles
    White/tan cloth
    Pretty well loaded except for leather; has bedliner and big tool chest in bed
    Nice clean truck with lots of miles

    What's she worth?
  • volvomaxvolvomax Member Posts: 5,238
    Prob $6-7,000
  • ucfphi225ucfphi225 Member Posts: 19
    thanks for the reply....think I'm gonna try to sell it private, list at 12k, be happy with 11k. Give carmax a try too I guess.
  • cccompsoncccompson Member Posts: 2,382
    Thanks so much. High miles on a late model can be hard to quantify.
  • sebring95sebring95 Member Posts: 3,241
    And a 2wd in Ohio while it's snowing........
  • kcejakekcejake Member Posts: 4
    Thanks to everyone for your replies. It is greatly appreciated.

    Kim
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