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Real-World Trade-In Values

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Comments

  • volvomaxvolvomax Member Posts: 5,238
    Malibu's are running between $10-12,000

    Aura XE's $12-13,000

    Aura XR's @ $15,000
  • jhs70jhs70 Member Posts: 213
    Thank you.
  • corvettecorvette Member Posts: 11,272
    Thanks!
  • gsemikegsemike Member Posts: 2,412
    2003 Nissan Altima 2.5S
    Pewter with Graphite Cloth Interior
    Automatic
    16 in alloy wheels
    BFG tires with under 5k
    All standard equipment + power driver seat, fog lights, EC mirror, steering wheel radio controls
    Clean car except for one ding on the 1/4 panel approx 1 1/2 inches long. Looks like a crease. Can't be seen from 5 feet away
    46k miles
  • volvomaxvolvomax Member Posts: 5,238
    Avg auction $8-9,000
  • houdini1houdini1 Member Posts: 8,351
    Hmmm...not a bad idea, but the evil wife wants a new ride and we all know that if mama ain't happy ain't nobody happy.

    We are currently trying to choose between the new 08 LC at $59,000. and a practically new 07 LX 470. The LX is certified, has 26K miles, and a price tag of $51,000. Both are offering $15,000. for our trade. Gas prices are a problem on both but she only drives about 7,000. miles per year.

    She loves the LX and I am tending toward the LC (new body style, bigger engine). Both have their pros and cons. What say you all?

    2013 LX 570 2016 LS 460

  • qbrozenqbrozen Member Posts: 33,736
    I say yer nuts to buy a new high-dollar gus sucker right now.

    Go a couple of years older and get a screaming bargain if you must have one of these vehicles.

    '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

  • houdini1houdini1 Member Posts: 8,351
    Well, I can afford it, I get a nice tax write off, and if things get really bad I can live in the darn thing. :)

    2013 LX 570 2016 LS 460

  • qbrozenqbrozen Member Posts: 33,736
    i dunno if you'll have to live in it, but you'll certainly be buried in it. ;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

  • houdini1houdini1 Member Posts: 8,351
    Nope, if I had to finance it I wouldn't buy it or anything else.

    2013 LX 570 2016 LS 460

  • dillydilldillydill Member Posts: 118
    Massachusetts
    2004 White Silverado 1500 LS long bed 7K miles
    Reg. Cab
    4 x 4
    5.3 V8
    Snow Plow prep, HD Trailering and suspension, Light Duty pack
    6 way power seat, powerfolding heated outside mirrors with turn signals, and tinted glass
    Truck bed has some scratches
    Used mostly for light plowing

    Snowplow- Power V 7.5' Boss steel snowplow

    Original MSRP back in 2004 was 30,418 Invoice 27,142
    Boss plow was an additional 4500 or so.

    Any ideas on trade in vs. private?
    How much value does the plow add.

    Thanks,
    Dillydill
  • sebring95sebring95 Member Posts: 3,241
    Financing or not, doesn't matter...you'll be buried in loss in value. My Tundra and wife's GX470 has lost so much value in the last six months...I feel buried in them. And I'm not even looking to get out of them at the momen. It's not like a stock that has a chance or rebounding..... and $51k seems like all the money in the world. And certified seems like a waste of money for you if you only drive 7k miles a year. Go find a private party sale for $10,000 less.
  • jimbresjimbres Member Posts: 2,025
    Is your wife one of those women who wants an SUV because she simply has to ride "up high"? Any chance that you could steer her toward, say, a late-model Lexus LS instead of one of those big ugly trucks?

    I'm so grateful that my wife hates big SUVs.
  • volvomaxvolvomax Member Posts: 5,238
    You know what? It's houdini's money.
    If he wants an SUV, so be it.
    We all have our own reasons for what we choose to do with our money.
  • volvomaxvolvomax Member Posts: 5,238
    7,000 miles?

    Going by the auction I'd say a trade value of $9-10,000
    Don't know what the plow adds.
  • dillydilldillydill Member Posts: 118
    Yes 7,000 miles.

    Thanks for your help.

    Dillydill
  • sebring95sebring95 Member Posts: 3,241
    Sure, and if you ask for opinions on how you're spending it......you're gonna get 'em. I don't come here and ask for opinions on something I've already made up my mind about. That's something you do with your wife just so she thinks her opinion counts:) <------that means it's a joke
  • houdini1houdini1 Member Posts: 8,351
    You need to learn how to read. I did not ask your opinion as to whether I should buy an SUV but on which of the two SUVs was the better buy. Actually it doesn't matter any more because I already pulled the trigger on the 07 LX.

    Oh, and by the way, if gas goes down to 3 bucks a gallon or less that LX stock certainly will go up. ;)

    2013 LX 570 2016 LS 460

  • qbrozenqbrozen Member Posts: 33,736
    Sorry bout that.
    I took the question you posted to be rather open-ended:
    What say you all?

    Congrats on the purchase. ENJOY!

    '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

  • dtownfbdtownfb Member Posts: 2,918
    Good choice. Gas would need to get to $2 for that "stock" to go up.

    Enjoy your ride.
  • houdini1houdini1 Member Posts: 8,351
    :)

    2013 LX 570 2016 LS 460

  • woodywwwoodyww Member Posts: 1,806
    You need to learn how to read. I did not ask your opinion

    Always good to get some appreciation from the OP for a lot of sincerely given advice here (?). Also good to know that, with so many Americans struggling to buy gas, pay bills/mortgages, & used SUV's going for pittances, there are those who are still so well off they can go out and pay $60K for a new/almost new V8 SUV that gets 12 mpg.......(for the "evil wife"????).

    Hey screw conservation, environmentalism, resale value, financial prudence. You've earned it dude! Rock on, houdini1......
  • volvomaxvolvomax Member Posts: 5,238
    Also good to know that, with so many Americans struggling to buy gas, pay bills/mortgages, & used SUV's going for pittances, there are those who are still so well off they can go out and pay $60K for a new/almost new V8 SUV that gets 12 mpg.......(for the "evil wife"????).

    Hey screw conservation, environmentalism, resale value, financial prudence.

    OK, you can come off your high horse now.
    This is STILL America.
    If someone wants to spend his/her hard earned money on something, who are you to tell them otherwise?
  • houdini1houdini1 Member Posts: 8,351
    Well I have always been sort of a contrarian. I buy when others are selling and sell when others are buying. Works for me.

    Sorry you are having a tough time Woody. Maybe you should stop giving advice to others, get off that computer and go out and earn some dough!! ;)

    2013 LX 570 2016 LS 460

  • explorerx4explorerx4 Member Posts: 20,723
    'mama'. that changes everything! :)
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • sebring95sebring95 Member Posts: 3,241
    You need to learn how to read. I did not ask your opinion as to whether I should buy an SUV but on which of the two SUVs was the better buy. Actually it doesn't matter any more because I already pulled the trigger on the 07 LX.

    I didn't give you advice on whether you should buy an SUV. Perhaps you're the one that can't read? I told you exactly what you ask for: The '07 LX is/was overpriced. Buying when others are selling usually spells BARGAIN. But perhaps you're contrary to the point of not being able to capitalize on that situation? Enjoy either way. If gas stabilizes at $3 long enough for that overpriced LX stock to rebound....I'll eat crow and gladly ask for seconds.
  • houdini1houdini1 Member Posts: 8,351
    If you are buried in your cars then you are a poor source of advice on car prices. ;)

    2013 LX 570 2016 LS 460

  • mikefm58mikefm58 Member Posts: 2,882
    Oh, and by the way, if gas goes down to 3 bucks a gallon or less that LX stock certainly will go up. ;)

    What??? Regardless of what happens, the price of your LX will NOT go up. Gas guzzling SUVs that have taken a huge depreciation hit "at best" will hold their value for a short time. But I'm not in the biz, just an educated consumer who thinks he knows too much, so what do I know.
  • awd_driverawd_driver Member Posts: 5
    Looking for the trade value of a 2005 Volvo V50

    Concord NH
    Volvo V50
    T5/auto
    AWD
    53K
    Barrents Blue
    AWD, Premium (leather, roof . . .) & Climate
    Always garaged, no scratches, interior very nice.
    New Tires
    All maintenance records, including regular synthetic oil changes at dealer

    Changing family situation means I'm shopping. (love the car, but love the family more)

    Thanks
  • sebring95sebring95 Member Posts: 3,241
    Hindsight is 20/20. All you can do is learn from the market. Or ignore the advice you asked for and not learn anything. I bought my Tundra right so even with the unexpected value drop....it's still fairly average in resale value. The wife's GX470 is 5 years old with 110k miles so it's paid for itself. But the fact that they've lost huge chunks of value in the last six months is painful nonetheless. I think everyone was surprised that the fuel price point in which consumers dump their SUV's in mass numbers was lower than expected. So knowing now that $4 has made SUV's extinct...it would seem like a good time to drive a killer bargain. Or maybe not! ;)
  • houdini1houdini1 Member Posts: 8,351
    All I can tell you is that you should do a little research, educate yourself and see what 2007 certified LX's are selling for.

    2013 LX 570 2016 LS 460

  • sebring95sebring95 Member Posts: 3,241
    All I can tell you is that you should do a little research, educate yourself and see what 2007 certified LX's are selling for.

    Oh, I'm quite educated in the matter. You say you're going to drive it only 7k miles/year. The used '07 already has a 4 year/50k mile basic warranty. So depending on the in-service date it should be covered until August 2010 at the earliest. Powertrain would be good until 2012, which exceeds the CPO warranty anyway. The CPO warranty adds 3 years from today...so you're going to gain at most, one year of basic coverage on a vehicle that likely won't need anything until the miles rack up. Looks like all that marketing paid off......people will pay a premium for almos zero benefit!
  • lemmerlemmer Member Posts: 2,689
    Poor guy comes in looking for a trade in value, and people go ape-poo all over him.
  • volvomaxvolvomax Member Posts: 5,238
    No car's value goes up.
    Sooner or later, they are all just scrap metal.
    If you enjoy what you drive, and buying it doesn't put a strain on your finances, then who cares?
  • volvomaxvolvomax Member Posts: 5,238
    Not many AWD's out there.
    Probably trade somewhere between $14-15,000.
  • gsemikegsemike Member Posts: 2,412
    Not what I would buy, but more power to him. What the heck does anyone else care what he blows his 50large on?
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    Exactly - and even if you DO care, this forum isn't titled "Judge Members' Spending Habits Here!" Let's move on.

    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

  • Kirstie_HKirstie_H Administrator Posts: 11,242
    A reporter would like to speak with consumers who are in the market for a new vehicle and are looking into their financing and leasing options. Please respond to jwahl@edmunds.com with your daytime contact information no later than Monday, August 11th.

    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

  • houdini1houdini1 Member Posts: 8,351
    LOL, thanks lemmer. Yes, some of those comments were very surprising. You would think that no one ever spends $50,000 on a car or truck. $50,000 is not really that big of a purchase, plus it is a business expense. I love the truck and the bonus is that I also got a great deal. I will probably have to keep it for 3 or 4 years to fully depreciate it.

    Concerning all the weird comments, it must be sour grapes because some here can't afford one and have to settle for some little tin can. That is just not my style.. All I can offer them is my sympathy and the wish that they do better in the future.

    Thank goodness I have a little more confidence in myself, the economy and this great country of ours than to panic over something like a temporary blip in gas prices. :)

    2013 LX 570 2016 LS 460

  • woodywwwoodyww Member Posts: 1,806
    I think it was the snarky comment by the OP towards someone who gave a reasoned opinion on the deal that I thought was "untoward":

    You need to learn how to read. I did not ask your opinion as to whether I should buy an SUV but on which of the two SUVs was the better buy.

    Maybe it's a bias I have about people who ask for advice on public forumns, then get an attitude if someone gives them advice they don't like (I wasn't the only one urging him not to do it). And maybe 95% of all Americans would have strong opinions right now about the rationality of paying $50-60K for a huge SUV--(& would express them, if asked?).

    Now he saying: all the weird comments, it must be sour grapes because some here can't afford one and have to settle for some little tin can. That is just not my style.. All I can offer them is my sympathy

    So now he's offering people "his sympathy", if they can't afford a $50K SUV, & "have to settle for some little tin can"....... maybe just throw some alms to us poor people in our rusted out '83 Escorts, as you pass by? Please?
  • ateixeiraateixeira Member Posts: 72,587
    I say buy-buy-buy!

    (omeone needs to pick up this ailing economy) ;)

    And this will make you feel much better - I just got back from Brazil and there a Hyundai Veracruz costs R$179900 (Real), or about $115,320 US Dollars.

    So you're getting a far superior vehicle for a small portion of what Brazilians have to pay ... for a Hyundai.
  • volvomaxvolvomax Member Posts: 5,238
    What the heck does anyone else care what he blows his 50large on?

    Oh no one really, just the self appointed guardians of the planet. :P
  • houdini1houdini1 Member Posts: 8,351
    Yes, it made me happy, my wife happy, Lexus happy, the dealer happy, and the individual salesman happy. But not ol' Woody. He's steamed for some reason. Hey Woody, you forgot to recount the part where I told you to stop whining and go out and earn some dough. :)

    2013 LX 570 2016 LS 460

  • explorerx4explorerx4 Member Posts: 20,723
    woody has a lot of new england yankee in him, although i am pretty sure he is a red sox fan. ;) they tend to look at the dollars and cents first and sometimes second, too. they tend to be 'value' oriented.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • drivingmenutsdrivingmenuts Member Posts: 13
    We have a 2004 Lancer Ralliart Sedan that we are thinking about selling and upgrading to the new Lancer. What do you guys think its worth here in Western NY (Buffalo)?

    2004 Lancer Ralliart
    4 Door Sedan
    2.4 Litre
    Automatic
    69,800 miles
    Yellow with black interior
    Motegi 17" Wheels
    VIS Racing EVO Style Carbon Fiber Hood
    Performance Cat-Back Exhaust system
    Car's interior is excellent and the exterior is probably a bit better than average
    Tires are 80% tread remaining
    Brakes are 50%
    Just had the timing belt replaced (2 weeks ago)
    We are the second owners ( a priest owned it before us - literally a priest)

    Any opinions?
  • corvettecorvette Member Posts: 11,272
    Louisville, Kentucky
    2003 Volvo XC90 2.5T AWD
    27,000 miles
    Silver / tan
    Sun roof, back up sensors, leather, heated seats, headlight washers. "Dog gate" accessory for the rear cargo area. Clean Carfax.

    Haven't seen it, not sure about tires or brakes. Dealer is "asking" $19,886, which seems rather high in light of what you've posted for newer models.
  • gadomgadom Member Posts: 16
    2006 VW Passat 2.0T
    24,000 miles
    White, 6 disc CD, sunroof, alloys, no other options
    2 accidents both repaired by Dealer, damage was to sheet metal but each ran about 7k (hit on the corner so got the hood, lights, bumper and fender; all replaced)
    Thanks
  • flagg2flagg2 Member Posts: 5
    Texas
    2005 Toyota Prius Package #6
    4dr
    44500 miles
    White
    Nav, Bluetooth, 6 disc player, front and back airbags
    New Tires
    Up to date maintenance
    Hail Damage - Fully Repaired using genuine Toytoa parts
  • nortsr1nortsr1 Member Posts: 1,060
    Volvo...would you please give me the trade-in value and the Craig's list value if I try to sell first on the following:
    2006 PT Cruiser, Silver LT,automatic, 15,000 miles. (all dealer serviced with records every 3000 miles), chrome mag wheels,sunroof, tinted windows with vent guards and Chysler bug deflector. garage kept, non smoker, excellent in and out (detailed recently).Tires and brakes like new.Small trailer hitch for bicycle.All weather floor mats. Location...Melbourne, Florida.
    Thanks in advance
  • sanjaysdcasanjaysdca Member Posts: 269
    Lexus LX is very different beast.. its not run-off-the mill SUV. There are certain groups in which LX and LS is very desirable

    In fact in this forum there was a post that indicated 1 month old LX was selling for MORE then brand new LX

    New LX stays on dealer lot for less the 15 days (In these days of high gas prices) Lexus is RAISING prices on new LX (Go figure)

    SOURCE: one or two week old Wall Street Journal (I dont have the link handy)
    So Houdini1 is correct DO your research.
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