Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options

Real-World Trade-In Values

1…696697699701702…1100

Comments

  • longislander1longislander1 Member Posts: 112
    There are Porsche enthusiasts who might pay more for this car if it's in decent shape. You might try advertising in the Porsche Club of America magazine, "Panorama," or find the regional chapter nearest to Minneapolis and put it in their newsletter. In July 2005, I sold my excellent condition, 56K-mile '95 968 cab (no heated seats or CD) for $20K private-party. While it went through Autotrader, I did get a large number of potential buyer inquiries by putting it on various PCA chapter sites.
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    A reporter would like to talk to consumers who are in the market for a compact, subcompact or hybrid vehicle but have had trouble finding one. Please respond to jwahl@edmunds.com with your daytime contact information along with the vehicle you are shopping for no later than Thursday, June 19th.

    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

  • kirbykirby Member Posts: 9
    2001 BMW X5 87K miles, leather, auto - what should I expect if I sell to CarMax vs. a trade in at a dealer on a new purchase? Will CarMax typically meet, beat. or be lower than a trade in...or is there a 'typical'?
  • au1994au1994 Member Posts: 3,701
    Atlanta, GA
    2007 VW Passat Wagon
    2.0 Turbo 4
    FWD
    13k Miles
    6 Speed Tiptronic
    White w/Tan Leatherette interior
    Nav, sunroof, 6 disc changer, usual power stuff, traction control
    Condition is in line with mileage

    Thanks in advance!

    2024 Jeep Grand Cherokee L Limited Velvet Red over Wicker Beige
    2024 Audi Q5 Premium Plus Daytona Gray over Beige
    2017 BMW X1 Jet Black over Mocha

  • volvomaxvolvomax Member Posts: 5,238
    Again, its the miles.
    $7-8,000 on trade.
  • volvomaxvolvomax Member Posts: 5,238
    Assuming its a 3.0, I think it would trade somewhere @ $11-12,000
    Dunno that Carmax would be real interested.
    They tend to go for newer vehicles.
  • frag235frag235 Member Posts: 81
    Olympia, WA
    2004 Honda Accord EX-L sedan
    4 cyl/5-sp auto/FWD
    Gold on Ivory
    roof/climate control/alloys/leather/CD changer
    exterior has some minor ding/scratches...repainted front bumper
    Interior looks "hovered in" (rroyce) :P
    Regular service/good tires/brakes

    Oh and....87,000 miles :sick:
  • cccompsoncccompson Member Posts: 2,382
    Columbus, Ohio
    2001 Toyota Highlander Limited
    V6 automatic
    AWD
    65,000 miles
    Gold/Tan leather
    All options
    Original owner with perfect documented service history in superb condition with no damage history

    What's the trade/auction number in the current unsettled market?
  • volvomaxvolvomax Member Posts: 5,238
    Sounds like an $8,000 car
  • corvettecorvette Member Posts: 11,272
    I suspect a private sale could bring a couple $k more, especially since it's a one-owner with all the records.
  • jskidderjskidder Member Posts: 5
    Chicago
    2008 Nissan Pathfinder
    LE V8 4x4
    7K miles
    Storm Grey/Charcoal Leather
    Sunroof, NAV, DVD, etc. Literally every option.
    Basically brand new condition, just detailed

    I only got it back in November, but I realize now that I need more cargo space due to my job so I am looking to move up to an Armada LE. Been looking online but there isn't any trade value figures out there for 08 Pathfinders yet...
  • volvomaxvolvomax Member Posts: 5,238
    Based on what has gone over the block, you are probably looking at a trade in in the low 20's.
  • jskidderjskidder Member Posts: 5
    I hope that was a typo and tou meant low 30's. this is a $45K truck, current model year, with 7K miles and in showroom condition.
  • sanjaysdcasanjaysdca Member Posts: 269
    Max might be right on money

    Brand new are going for 34K here in southern california

    link title

    Add depriciation for used and SUV factor (High gas milage)
  • volvomaxvolvomax Member Posts: 5,238
    No, its not a typo.
    The MOST that any 08 Pathfinder LE 4WD's have brought nationally has been $26,000 at the factory sale.
    So, figure low $20's on a trade in.
    Others w/ miles in the teens went for under $20k.
  • jskidderjskidder Member Posts: 5
    Here in Chicago one optioned as mine would be going for close to $40K new, so hopefully i can get a trade at least close to $30K and and make up the difference with the rebates and similar low going price on the Armada. I'm meeting with the GM of my dealership later today to see if we can work something out so I guess I'll find out soon enough. Thanks for the input guys!

    I felt like a got a good deal on the truck back in November paying invoice, but now I feel like I'm screwed.
  • volvomaxvolvomax Member Posts: 5,238
    Good Luck.
    Only a friggin idiot would give you $30k cash money for that truck.
    I hate to put it that way, but there it is.

    I felt like a got a good deal on the truck back in November paying invoice, but now I feel like I'm screwed

    You know what? Back in Nov you may very well have gotten a good deal.
    However, 2 things now conspire against you.
    1 the usual bath you take trading a new car in so soon after purchase
    2 the fact that SUV values are plummeting.
    I don't think we have seen this kind of drop in values since the last gas crunch in the 70's.
  • sebring95sebring95 Member Posts: 3,241
    Welcome to the current truck/suv market. I did the same thing with my Tundra...bought out my lease for a "good" deal (less than real-world trade value quoted here). Lost about $4,000 since then....and this was starting with a 3 year old vehicle. I can only imagine if you were starting with a new one....

    The good news is they should be just as anxious to move a new Armada....although personally I'd look at used ones!
  • sanjaysdcasanjaysdca Member Posts: 269
    Check out post number 6615 of 6623

    in MDX Acura MDX: Prices Paid & Buying Experience

    There is a reference to Autoweek article that will put things in perspective for you

    Good Luck...
    Keep us posted what happens
  • morton22morton22 Member Posts: 13
    Los Angeles
    01 Merc Sable LS Premium Wagon
    Duratec V6
    110000
    Silver/Gray Leather
    All Options: Sunroof, Chrome wheels, Prem. Sound, Leather, Third Row, etc.
    Condition: Few stains on carpet, leather in good shape, exterior has a few scratches & dings but nothing major
    Tires & Brakes: Needs two new ones in front, front brakes have about 20% pads left.
    Engine is fine, maint. up to date

    So what'll you give me for it?
  • volvomaxvolvomax Member Posts: 5,238
    So what'll you give me for it?

    I think I've got $5.00 around here somewhere :P

    Car's probably worth $1500-2,000 on a trade.
  • mattandimattandi Member Posts: 588
    Ouch!! That is nearly 50% depreciation in just 8 months. :sick:
  • sb55sb55 Member Posts: 657
    "Good Luck.
    Only a friggin idiot would give you $30k cash money for that truck.
    I hate to put it that way, but there it is."

    You never know....
    I got real lucky in March and got $37,000. for a 2006 Cayenne traded on an Infiniti G35x, which I paid invoice for. I was expecting $33,000. or $34,000 in trade, and instead of paying, I actually got $ back. The Infiniti dealer is also a Porsche dealer, so I know that I got a good deal.
    Hey, I guess that the dealer was a "friggin idiot"!!!

    2025 Toyota Crown Signia Hybrid, 2022 Ram 2500 Laramie 6.4 Hemi, 2007 Mazda MX-5 Miata PRHT

  • verdugoverdugo Member Posts: 2,288
    You got $37k instead of $34k. That's "only" $3k difference, less than 10%. The original poster wants $30k instead of $20k, that's 50% more.

    The market for SUVs has ground to a halt recently. You can't compare a transaction from March to one now. Finally, I wouldn't compare a Cayenne's market to a Pathfinder one. You are comparing apples to oranges.
  • qbrozenqbrozen Member Posts: 33,736
    traded on an Infiniti G35x, which I paid invoice for.

    hmmmm... was the $2k dealer incentive in effect at that time?

    ;P

    '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

  • au1994au1994 Member Posts: 3,701
    Atlanta, GA
    2007 VW Passat Wagon
    2.0 Turbo 4
    FWD
    13k Miles
    6 Speed Tiptronic
    White w/Tan Leatherette interior
    Nav, sunroof, 6 disc changer, usual power stuff, traction control
    Condition is in line with mileage

    Thanks in advance!

    2024 Jeep Grand Cherokee L Limited Velvet Red over Wicker Beige
    2024 Audi Q5 Premium Plus Daytona Gray over Beige
    2017 BMW X1 Jet Black over Mocha

  • frag235frag235 Member Posts: 81
    Thanks Volvo...that # is better than I thought I'd be :D
  • tfortxtfortx Member Posts: 1
    Houston Area
    54k miles
    Silver 2004 GTP 3.8 Supercharged
    Sunroof, single CD
    about 50% tread. Good condition, no door dings, 2 scratches on rear bumper cover
    Due for brake pads
    Looking for trade-in value/ private party value
    The GTPs seemed to be bringing about 1k over GTs..wonder if that is no longer the case due to requiring premium.
    Thanks!
  • volvomaxvolvomax Member Posts: 5,238
    You never know....
    I got real lucky in March and got $37,000. for a 2006 Cayenne traded on an Infiniti G35x, which I paid invoice for. I was expecting $33,000. or $34,000 in trade, and instead of paying, I actually got $ back. The Infiniti dealer is also a Porsche dealer, so I know that I got a good deal.
    Hey, I guess that the dealer was a "friggin idiot"!!!

    Currently, regular Cayennes are bringing $30-31k at auction.
    Hope the dealer sold that car quick.
    Chances are, the dealer showed you that $37 and used whatever incentive they had to do it.
  • volvomaxvolvomax Member Posts: 5,238
    If its the Luxury package 2(whatever that is) you are probably looking at between $18-20,000
  • volvomaxvolvomax Member Posts: 5,238
    Probably somewhere $8-9,000 trade in.
  • houdini1houdini1 Member Posts: 8,351
    A quick story. I had my LX in for an oil change a few days ago and while waiting I looked over their current inventory. They happened to have a 2008 LX 570 on their used car lot with 5,000 miles. The story was that the guy did not like the color, white, and traded it on a different one.

    Thinking I might be able to get a good deal I asked the price. The salesman said that it sold new for $80,000. and that the asking price now was $85,000. I asked him if he was kidding. He said he was serious, that they were in short supply and they felt justified in asking a premium price. I wished him luck. It is still on their internet site listed at $85,000. Does this make sense?

    2013 LX 570 2016 LS 460

  • jskidderjskidder Member Posts: 5
    OK guys, here's the update. Stopped by to look at numbers and the dealer offered $27K cash for my Pathfinder. I was able to work out a so-so deal (obviously not great being that I'm $10K plus in the hole on my current truck) on the Armada but held off on making the move right away on the advice of my salesman.

    He seems to think that if I hold off until October that my truck will still be holding at around the same trade value and that there will likely be cash AND finance offers on the Armada at that time rather than either/or as it is now. With that in mind plust the extra few grand I will have paid down my Pathfinder I should be able to save quite a bit by holding out just a few months. I guess I'll be back again around that time.

    Thanks again for all the comments, both posotive and negative. Great forum you all have here and a wonderful resource for buyers. Cheers.
  • byumbyum Member Posts: 13
    I hope I could get some input on the "True Market Value" on my car before I sell/trade it.

    2001 Honda Civic EX Coupe
    Silver/Black
    68,000 Miles
    5-Speed
    Sunroof/CD Player/Power Windows+Locks
    LoJack (We all know Civics get stolen too often)
    2nd Owner, Clean Carfax, No Accidents
    Clean Body, Good Interior

    Any thoughts? Thanks
  • mattandimattandi Member Posts: 588
    Big gamble. He might be right on the incentives on the Armada. I'd be watching them like a hawk. Not too sure about the Path holding on though. SUV trade values are in free fall. Good luck.

    Unless you're just stuck on Nissan, you could probably pick up a good deal on a newer used Yukon or Tahoe. Just a thought.
  • volvomaxvolvomax Member Posts: 5,238
    When I read your post, I didn't think that could be right.
    However, average auction price is $90,000!
    Looks like $85,000 is a bargain :P
  • volvomaxvolvomax Member Posts: 5,238
    Your dealer stepped all over themselves on that Pathfinder.

    While I have no doubt that there will be enhancements to the Armada offer, I'm not convinced that your car will hold its value(such as it is) until then.
    This SUV thing seems to be free falling right now.
    Who knows where it will end.
  • danbone111danbone111 Member Posts: 47
    Eh....can we say export? I think used cars are able to be taken out of the country, while new cars have restrictions....
  • volvomaxvolvomax Member Posts: 5,238
    Could be.
  • houdini1houdini1 Member Posts: 8,351
    Thanks Max. That just blows me away.

    Export? Why would this used SUV be any different from any other used SUV where most of the values are in free fall.

    2013 LX 570 2016 LS 460

  • danbone111danbone111 Member Posts: 47
    Because of the falling Dollar vs the Euro, exporting cars overseas has had a major effect on the auto industry recently. Now, cars imported to the US are intended for the US market and manufactuers have segmented the market for other countries/regions.

    To take a vehicle out of the country, one needs a title. To get a title for a new car, it must be registered, and sales tax must be paid. Futhermore, dealerships are sanctioned if they are found selling cars to exporters. Because this car was not labeled as a 'retail sale', there will be no in-service date, and if these cars end up in dealerships for warranty work of any kind before leaving the country, the dealership is charged back. For these reasons dealerships are hesitant to sell new cars for the purpose of export. However, 'slightly' used cars, ie. current model year with only a several thousand miles, are prime candidates for export, and will sometimes bring a premium over the new car price, due to the demand, and the buying power of the Euro vs Dollar.
  • houdini1houdini1 Member Posts: 8,351
    Thanks for the reply. Very interesting and I bet you are right on the money. They only plan to sell 10,000 units per year and since Lexus is only sold in the U.S. the only way other customers can obtain one is the used car market.

    2013 LX 570 2016 LS 460

  • volvomaxvolvomax Member Posts: 5,238
    Actually, Lexus just launched their brand in Europe.
  • british_roverbritish_rover Member Posts: 8,502
    Gotta be the export market on those LX570s but they usually prefer black or silver to white. Probably depends on what country we are talking about.
  • houdini1houdini1 Member Posts: 8,351
    Yes, and Japan too. There goes that theory!! :)

    2013 LX 570 2016 LS 460

  • volvomaxvolvomax Member Posts: 5,238
    Truck's too big for Japan.
    Plus, the US spec ones are LHD.
  • sflorasflora Member Posts: 35
    Hi, would appreciate trade-in advice on the following:

    Boston area
    2003 Accord LX-V6 Coupe, 240 HP
    Automatic
    86,000 miles
    Silver exterior, black interior
    6-CD changer
    Few paint dings on bumpers, one 4" scratch on roof
    No dents at all, no accidents, no kids, no pets, no smoke
    Windshield replaced
    Michelins MXV4-s have about 10,000 miles (6 mos. old)
    Brake pads have about 40,000 miles, no squeal yet
    Maintenance by dealer/private mechanics
    Passenger side power lock doesn't work, only manually (should I have this fixed before trading?)

    Thanks!
  • volvomaxvolvomax Member Posts: 5,238
    $4-5,000 on trade.
  • corvettecorvette Member Posts: 11,272
    Just a general question...

    Have fuel prices made optional engines a deduction rather than an addition to the car's value?

    My local, small-town dealer has restocked his used car lot with almost exclusively four-cylinder, compact and midsize sedans and wagons.
  • mattandimattandi Member Posts: 588
    Sounds like a pretty smart move on that dealer's part.

    I certainly haven't heard anything about V6's taking a hit. All the hoopla is about big V8's, especially SUV's and trucks. Good question though. I'm curious what the dealers are seeing.
Sign In or Register to comment.

Helpful Tools

Most popular vehicles