Real-World Trade-In Values

cccompson · September 2008

That's probably only a fair (not great) price, especially in view of the current cheap prices on new minivans.

Of course, you have to ask yourself, what can you buy that's as nice for the same money?

stickguy · September 2008

another one right up Max's alley!

2004 V70 2.4T turbo. AWD.
Dark Blue, tan hides. Seems to be reasonably well loaded (leather, roof, etc).
CPO at a dealer in NJ. ~43K on it. New tires.

Assuming it is nice and clean as a CPO should be, what would be a good price to offer to steal this one away? Think they are asking 21K on it, which seems high.

ateixeira · September 2008

Sienna prices have indeed come down.

A new CE is around $21-22k.

A new LE with a mid-level package runs about $24k. That with 2 power sliding doors, cloth, 6CD.

One like yours is probably high $20s.

$18k is a lot for a 3 year old van with 44k miles. Your B2B warranty is gone.

That's too close to the price of a new one, IMHO. To be worth it, it should cost at least 40% or so less than a new one. Compared to a new on that would mean about $16-17k.

volvomax · September 2008

Probably somewhere in the $15-16k range.

qbrozen · September 2008

Hmmm... so isn't that then an XC70?
Thought you didn't want AWD?

stickguy, shoot me an email. Yours is private in your profile.

volvomax · September 2008

Theya re asking retail, not a big surprise.
Probably could pick it up in the high teens.

krwest1 · September 2008

Thanks. The residual is $15,8 so I'll probably just turn it in, even though it's 13k miles under the allowance.

stickguy · September 2008

2007 V50. Ex-service loaner.

7,000 miles on it. Dark blue, grey interior. Select and climate packages. Looks nice.

non-CPO.

asking 25K (or 26?). Seems awful high to me, so before I go in again, what should be realistic?

stickguy · September 2008

Will do later from home.

I don't have an aversion to AWD, I just don't really need it, and it does eat up a few more MPG. But, that is otherwise a car I like (color too), and the sales guy really wanted me to look at it, so I figure, what the heck.

I won't, however, get any wannabe trucks like an XC70 or Outback.

ateixeira · September 2008

We took one of those up to the New York auto show (from DC) one year, a buddy had one.

There were 3 of us and the back seat was a bit cramped, though I am 6' tall. There was also more road noise than I expected out of a Volvo.

Just things to look for. Make sure you listen to see if the level of road noise is tolerable on a long trip, plus try sitting in that back seat.

Other that that, it was a manual and the driver did a lot of passing on the NJ Turnpike, and he seemed to enjoy doing it.

markayo1 · September 2008

What should I offer for a 2008 Accord EX-L sedan 4cyl. with 19,110 miles on it ? I live in the Grand Rapids, Michigan area ? Please help me. Thank-you.

weathermike · September 2008

Looking for figures on a couple cars located in between Charleston, WV and Columbus, OH.

2004 Chevrolet Cavalier LS Coupe: white, 57,500 miles, alloy wheels and automatic, clean condition, regular maintenance.

2002 Dodge Neon SXT Sedan: yellow, 104,900 miles, alloy wheels and automatic, clean condition, maintenance unknown.

robbieg · September 2008

Volvomax
If trade is 15-16, how much would a dealer want out of one of these. There is one down the street from me and they have 19,999 plastered on the windshield . Should 18K take it home?

gouldn · September 2008

Hello:

I've found a buyer for my car, and decided I'd like a small wagon with a semblance of sport to keep me entertained.

I've found a 05 Lexus IS-300 SportCross with all options except Navigation. Certified, with about 25K miles.

What's fair price for this car? Area is Northern California

This one may get away from me ... but am also wondering what these cars sell for in general ... they are priced pretty high (when you can find them).

volvomax · September 2008

Everything seems high to you. :P

Still, you should be able to talk them down at least a couple grand.

volvomax · September 2008

$18k plus TTL, should work.

volvomax · September 2008

Dealer or private party?
What are they asking?

kyfdx · September 2008

Those are cool... you won't see yourself going down the road, very often..

Only downside is less than stellar gas mileage...

No idea what they go for..

markayo1 · September 2008

This offer is from a dealer ? he is asking $23,900 for this used 2008 accord EX-L 4cyl. sedan. Seem like way too much for a used 2008 with 19,150 miles on it. What would be a good offer for it ? Please help. Thanks.

evajon · September 2008

Hi all, new to the forum. Trying to trade in my 2003 BMW 325XI for a 2008 Mazda5. Bimmer has 117,000 miles, dark blue, tan leather int., in pretty good shape overall. TMV says trade in value between 10-11K, how true is that in the real world? I've never traded in a vehicle before, how much can you haggle with a dealer on the trade in value? I still owe 13K, but having trouble finding buyers at that price.

Thanks in advance for any guidance/advice.

volvomax · September 2008

I would have bet you are right.
However, wholesale has been running @ $21,000
So, $23,900 isn't ridiculous.

volvomax · September 2008

Tough car to haggle on.
A Mazda dealer isn't going to have any interest in retailing it.

Trade is probably @ $8-9,000

mikefm58 · September 2008

Edmunds TMV for a new one is right at about $25000. Who in their right mind would pay even close to $23900? But then again, I've always heard that used Hondas and Toyotas get all the "stupid" money.

I too am considering a vehicle such as this one.

volvomax · September 2008

Anything considered fuel efficent is getting stupid money right now.

cccompson · September 2008

Well, I have to disagree - you can buy a new one for the same money. This is just another example of why a late model Honda is poor used car value.

markayo1 · September 2008

What kind of an offer should I make ? thanks everyone for your advice.

gooddeal2 · September 2008

Well, if volvomax says it's 21K wholesale, I say 22K, reasonable?

mikefm58 · September 2008

Why not for just a few grand more buy a new one?

smwls8 · September 2008

Ebay and internet prices on X3's and X5's seem dirt cheap to me, i guess even they cant escape current SUV market slump. 06 X5's with 25k miles listed for 26-27K? The V8 models are rated 13 city, 17 hwy, guess that explains everything. i have an 03 Jag x-type, 30k miles, metallic grey with black guts, non-sport to trade, but there isnt a thing in the world wrong with it, and it gets 22-23 around town and 29-30 on the hwy, AND it's paid for. I know the AWD feature will bring more $$$'s up north, but how far north would i have to drive to get top dollar? I am on the gulf coast....Thanks

longislander1 · September 2008

I'm not trying to criticize your choice of cars, but I think the x-type won't be that easy to sell. If you bring it up north, you'll be getting into Subaru territory. The problem with the x-type is that it was basically a Ford Mondeo under the skin and, as I recall, it didn't get very good crash ratings. I remember the Jag dealers discounting them drastically in the last days. If you like the car and it's been reliable, this may be one situation where it's better to keep it and run it into the ground.

smwls8 · September 2008

So having a lowly Ford-of-Europe product as an ancestor makes it unworthy of your New York sensibilities?

As a matter of fact, the Ford Mondeo was the 2001 Car of the Year by Top Gear television magazine, the number one enthusiast program in the world, which we true enthusiasts are fortunate to receive via BBC. In 2005 the Ford Mondeo was rated "Excellent" in both front and side crash ratings by NCAP, the European counterpart to our NHTSA. The 2003 Jaguar X-type, as tested by our own NHTSA, was rated 4 out of 5 stars in both front and side crash ratings, equal to the Mercedes C-Class of the same year. The Jaguar does share the platform and some components with the Mondeo, and proudly so. But it was built by Jaguar in a Jaguar factory in Liverpool. It offers more interior room and trunk volume than a BMW 3 series or a Mercedes C class, and with comparable performance. It is true that the X-type did not meet sales expectations in the US, but in Europe, with a diesel option it was quite a sales success. It is a little on the heavy side, but that's the trade-off for the AWD system. Comparing a Jaguar with a Subaru, while a reliable little car, is like comparing Sandra Bullock to Sandra Bernhard. The only AWD cars that come close to what this car offers are the BMW 3 series(X) or a Mercedes C Class(4matic). Both are more expensive and don't offer the room or fuel economy of the X-type. People look down their noses at Ford products, a company that practically invented the American auto industry, at a time when I can produce a 2001 Ford Explorer(4.0 v6) still on the road with 361,000 miles on the original engine and transmission. As far as "run it into the ground", without knowing what i paid for the Jag and what its current market value is, you can't possibly make that statement. Remember, high mpg cars right now are all the rage, and for a car that offers this level of luxury and AWD performance AND consistently produces 22-23 mpg in town and 30 on the highway, who knows what it might bring. I might just keep it. A wholesaler/apprasiers opinion is welcome

breld · September 2008

I'm looking into getting a used SUV as a second car and so have been doing research to identify good, reliable vehicles that are great buys in the used car market. So after reviewing consumer reports, looking at online ads, and driving a couple of vehicles, I identified the Mitsu Endeavor as an outstanding buy.

So, here in Denver, there are several similar examples of Endeavors, and I was hoping to get an idea from the experts here on what a realistic purchase price may be.

From on-line ads, there are at least a dozen of the following, some from a Mitsibushi dealer and some not, but from what I can tell, there is no certified used program anyway.

2007-2008 Mitsubishi Endeavor LS AWD
11-14k miles

The LS model is the base model, without any goodies such as leather, power seats or a sunroof. I looked at several of these, and the ones I looked at appear to be in good condition, commensurate with the low miles. For the ones with carfax available, they all check out OK, unless being a previous rental car is a significant concern (I figured with a clean carfax, and with several years/miles of warranty left, that it would be OK).

Asking prices on these range from $13.9k to $17.9k. KBB trade seems to be around $11k for an '07; '08's are not listed yet. I thought around $13k for an '07 and $14k for an '08 would be a realistic, albeit a bit aggressive, offer.

Thoughts?

Thanks!

danbone111 · September 2008

FWIW, I just 'retailed' a 2008 Honda Accord EX-L V6 with 20,500 miles in South Jersey for $22,900 if you want to use that as a gauge. The car was in 'above average' condition and I took the vehicle on a trade from the original owner. Hope this gives you another baseline for your offer.
Dan

akkey · September 2008

Boston
2006 MDX Touring/nav
4wd
all standard options
25,000
black
very good condition
clean carfax(no accidents)

Thank you in advance, I really appreciate all the effort you guys put in to help others...

bajeje · September 2008

i have a 2006 Acura TSX, this is my first lease, and it is coming to an end in december. the residual value and agreed-upon purchase price for end of the lease is $18,243. i looked at my account online today and its says that the payoff amount as of today is $18,780. when i looked ahead to the payoff amount at the end of the lease in mid-december, the payoff amount is $19,111.

so i'm confused, why would the payoff amount increase toward the end of the lease? and why would it be more than the amount on the lease contract?

am i just not understanding lease jargon?

any insight would be appreciated.

markayo1 · September 2008

That does help. Thanks.

jimbres · September 2008

You seem a bit thin-skinned. Longislander1 was only trying to be helpful. FWIW, most financial pros will tell you that driving a car into the ground is the best way to squeeze all of the value out of it.

If the car is as good as you say it is, why not keep it? What's out there right now that would do a better job of meeting your needs?

smwls8 · September 2008

He/she made patently false statements about an automobile and it's manufacturer. People shooting off at the mouth making false statements attacking the safety of a car without the facts should be challenged. If this is not appropriate, this should not be called a "forum", which is an exchange of ideas, in theory backed up by fact. Insinuating a car is somehow deficient in design or quality because it shares a platform with another marque or because it was discounted(Oh my!) at the end of it's production cyle shows a complete lack of current auto manufacturing worldwide. He further made a financial claim without knowing the numbers, also not very "helpful". As far as the thickness of my skin is concerned, unless you are sitting in Baghdad, Iraq right now as I am, you are in no position to question my resolve or motives. I obviously have no problem standing up for what is right and challenging falsehoods, as I volunteered to serve in my current capacity. If you are in Baghdad, I would be more than happy to by you a beer, (non-alcoholic of course, dry base), and discuss auto's of all makes, they all have their respective contributions to the worldwide auto industry.

jimbres · September 2008

As far as the thickness of my skin is concerned, unless you are sitting in Baghdad, Iraq right now as I am, you are in no position to question my resolve or motives.

You're quite right, of course. I just assumed that you were posting from somewhere in Florida, since you said in your 1st post that you were on the Gulf Coast, considering a drive north to get a better price for your car. It didn't occur to me that you might be referring to the Persian Gulf. My apologies for the misunderstanding & good luck to you.

longislander1 · September 2008

Hey, I wasn't trying to insult you. This is a forum where people post real-world information and advice on cars. If you like the X-type that much, you should keep it. If you don't want to know about the car's true reputation and how it will affect the value, then maybe this isn't the place for you.

All I know is what I read. The X-type was pretty much panned by car reviewers as being a Mondeo under the skin, and not enough car for what Jaguar was charging. Here's a typical review from Edmunds: http://www.edmunds.com/jaguar/xtype/review.html. The crash ratings were not as good as other cars, including "marginal" side impact rating from the insurance institute (so before you knock Subaru, you should drive one and know that they've had five-star ratings across the board since the beginning). I'm not sure what relevance European crash standards have since you own a car sold in America and safety requirements are stricter here. Plus, near the end, dealers could hardly give the X-types away. People just didn't consider them real Jaguars.

Some Ford products are fine. I had a 2003 Mazda Tribute and for a lot less money, I had exactly the same engine as you had in your Jaguar (and maybe a lot of the same AWD components as well). It was a vehicle that served me well until the transmission started to go at 60K.

By the way, for further proof of the X-type's low value, I took a quick look at the Edmunds TMV trade-in for your 2003 X-type and it's $7,702. You know what the comparable value is for the Tribute, which probably cost at least $10,000 less than your Jag when both were new? $7,202, only a $500 difference.

Obviously, you have a chip on your shoulder for New Yorkers. Whatever you think of us, we know what we're talking about. I was only pointing out that your car's not going to fetch that much and if you still like it and find it reliable, it may be worth keeping. If you still don't believe me, you'll surely find out when you try to sell it or when someone delivers the verdict on this forum.

volvomax · September 2008

06 x5 3.0'S are bringing $24-25k at auction.
4.4i's are bringing only a grand or 2 more.

Your Jag is probably a $10,000 car. Maybe more if it's perfect.
As the other poster noted, the X-Type never took off here and Jagaur discounted the car heavily.

volvomax · September 2008

07 LS's are bringing more than $13k at auction, so that probably won't work.
08 Factory cars are bringing almost $20k

volvomax · September 2008

Should bring $21-22,000

smwls8 · September 2008

I apologize for the confusion, i do live on the Gulf Coast, volunteered to move to New Orleans in the aftermath of Katrina. Had enough of the politics of DC, considered it a good trade-off. Thanks to you Volvomax for the evaluation, actually all I was looking for in this forum. As for you LongIslander, even you, I risk my life every day over here, just so you can say what only a New Yorker can, "we know what we're talking about". Need I say more?

Sam White
Camp Slayer
Baghdad, Iraq

breld · September 2008

Excellent - thank you for the insight.

breld · September 2008

More thoughts on these Endeavors....

From on-line ads here in Denver, there are a few 07 LS's with low miles (12k or so) with asking prices right at $14k. Given that they're getting $13k at auction, are these likely "too good to be true?"

And with 2008 program cars getting $20k, there's a local Mitsi dealer here who has 7-8 '08 LS's, all with roughly 12k miles - they're asking $17.9k.

So, same question - since these seem like good deals compared to auction prices, what do I need to look out for? Are previous rentals that bad (most of these with carfaxes seem to be rentals from AZ or CA (I checked and they are indeed AWD)).

So, what would you offer? I always figure there's quite a bit of room in dealers' asking prices, but sounds like maybe these have a lot of the profit trimmed out already?

Thanks again!

longislander1 · September 2008

I hope you are more courteous to those admirable New Yorkers who watch your back over there, not to mention that over 1,600 soldiers from our state have been killed or wounded in Iraq, a higher number than ANY place in the south except Texas. I'll leave it at that, since it wasn't me who brought irrelevant comments about the war into a forum on car values. Now, to get back to the subject at hand, Volvomax has essentially confirmed my opinion that your car has limited value because it was never a strong seller.

volvomax · September 2008

SUV prices have been trending upward at recent auctions.
So, it is possible that these cars were bought at auctions a month or more ago.

You can always make an offer a couple grand lower than the asking price and see what happens.

iontrap · September 2008

Hopefully this will be my last RWTIV request! They are asking $33k. Looking for the usual trade in and retail numbers.
Thanks in advance.
Location:Augusta, Ga
Year/Make/Model: 2007 Infiniti QX56
Engine:5.6L V8
Driveline:RWD
Mileage:24000
Color:Black/Tan
Major Options:Nav, power liftgate, 2nd row bucket seats, sunroof

volvomax · September 2008

Wholesale is @ $26-27,000

Real-World Trade-In Values

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