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Real-World Trade-In Values

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Comments

  • volvomaxvolvomax Member Posts: 5,238
    As Robbie said, books don't buy cars.

    I always look at what the cars are doing at the auction when I give a value.
    I could care less what KBB or Edmunds says.

    I think $14,000 is probably best case, I could see it bringing a little less than that.
  • lvrangerlvranger Member Posts: 27
    Vegas
    2005 Toyota Tundra
    2dr Reg Cab
    4.0 V6, 6Spd Man
    RWD
    26,000mi
    Grey/Tan
    TRD Sport 17" wheels/tires, fairly basic work truck.
    Truck is like new.

    Found a clean low mileage(20k) 2005 GTO for $19k. My truck is paid. Was hoping to offer $10k plus my truck. Possible?
  • oldfarmer50oldfarmer50 Member Posts: 24,192
    Occasionally, when browsing the want ads I'll see a car listed with "A/C not working, may need a charge". You have to assume that the A/C needs replacement not a charge.

    How much would this devalue a car in the north?

    2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible

  • stickguystickguy Member Posts: 53,330
    Might not be the brightest idea I ever had, but I am tempted.

    What would be a reasonable price for:

    2000 BMW 525iT (wagon). 74,000 miles. AT.

    Silver, grey leather. All loaded up, including a heated steering wheel, premium package, roof, etc.

    Clean, 1 owner, service records. Local trade to a Lexus dealer. No htis/runs/errors. Fresh tires.

    Assuming it needs nothing, what would be a fair price to pa for this? It is at a used car place that is owned by the same chain that has Lexus and Toyota dealers.

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

  • robbiegrobbieg Member Posts: 350
    I have no idea what this is worth but I like your thinking. I really like wagons. My dream car is a Mercedes wagon. However, I will likely never be able to pull the trigger on one because in order for me to afford one I would have to buy an older model and I would be terrified about looming repairs and maintenance.
  • volvomaxvolvomax Member Posts: 5,238
    Well, it's gonna be close.
    I think $8,000 is the money, maybe $9,000
  • volvomaxvolvomax Member Posts: 5,238
    Actually, the W124 300TE wagons are pretty much bulletproof.

    They were practically the lst of the real, overengineered, hewn from blocks of granite Mercedes.
  • lvrangerlvranger Member Posts: 27
    Thank you. I'm going to give Carmax a shot and may try private party. If I pull the trigger and get lowballed i'll just finance the entire amount and sell the truck at my leisure.
  • stickguystickguy Member Posts: 53,330
    Since you got sidetracked lavishing praise on a Benz!

    What would be a reasonable price for:

    2000 BMW 525iT (wagon). 74,000 miles. AT.

    Silver, grey leather. All loaded up, including a heated steering wheel, premium package, roof, etc.

    Clean, 1 owner, service records. Local trade to a Lexus dealer. No htis/runs/errors. Fresh tires.

    Assuming it needs nothing, what would be a fair price to pa for this? It is at a used car place that is owned by the same chain that has Lexus and Toyota dealers.

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

  • lvrangerlvranger Member Posts: 27
    I'm not a salesperson but Carmax has an almost identical 528iT in NM for $14.5k.
  • mikefm58mikefm58 Member Posts: 2,882
    You have to assume that the A/C needs replacement not a charge.

    How much would this devalue a car in the north?


    To me, reading that would make the car worth zero dollars. I'd be asking myself, what else is wrong with the car? Was it maintained, even at a minimum?
  • ateixeiraateixeira Member Posts: 72,587
    Just to offer a different answer - the A/C on my '91 Escort blew up and it cost me $700 to replace, but that was a long time ago.

    I'd say about $1000 off.

    But...you eliminate a lot of potential buyers. You'd be better off selling a car like that to a college student, so that might limit your asking price to a few grand.

    In other words, it's acceptable in a beater, but not acceptable in any car that the buyer would have to finance.
  • mattandimattandi Member Posts: 588
    If it was a fairly late model, say 4 or 5 years old, it would most likely be worth going ahead an fixing it. It could be any number of parts along the way that rendered the AC inoperable. An ad like oldfarmer mentions would lead me to believe it is a full replacement of a major component. If the car had a resale value of $10k plus, spending $400 or $700 would be the better move.

    My own car has a bad compressor clutch. It's buried. About a $700 repair. Car's only worth around $1500-1700. I'll just live with the windows down.
  • stickguystickguy Member Posts: 53,330
    Both at local dealers, haven't seen in person, but assume nice and clean.

    2005 V70 2.5T. 25K miles, silver over taupe, normal equipment (nice and loaded). CPO.

    2008 V50 2.4i. Black over grey leather, select package so roof, etc. non-CPO.

    Both in philly metro area.

    Would says the oracle of Volvos? Especailly interested in a real price on the 2005. I have a pretty good idea from past postings on the V50!

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

  • ny14337ny14337 Member Posts: 16
    I need to trade in my 2001 Lexus RX300 and I'm wondering what I can expect to get from a dealer. I live on Long Island, NY, a suburb of NYC. The vehicle is an 2001 Lexus RX300 AWD with 88,000 miles. It has all the normal bells and whistles, including factory installed navigation and a 6 disc CD changer. It is in excellent condition with one or two very small dings and clean leather with no rips. Clean title and has never been in a accident or had an insurance claim.

    Any help would be greatly appreciated!
  • bach63bach63 Member Posts: 18
    I know SUV's have taken a hit in value; anyone with input on trade-in value for a 2007 XC90 V8, 16k miles, pretty much loaded (nav, dvd, climate pkg, conv. pkg.) Denver area, if it helps. Thanks in advance.
  • marys236marys236 Member Posts: 90
    I'm looking to buy a 2007 Sonata GLS 4 cyl., auto., silver, sunroof, power drivers seat, 37K miles, new tires, asking price is $11,995, in Oklahoma City. I got the Carfax report, and it's a former rental, with no problems that I could see. Could you tell me the wholesale value on that? TIA.
  • smallcarsmallcar Member Posts: 39
    Can I get a trade-in value for this car?

    Location: Philly area
    Year/Make/Model: 2002 Mini Cooper
    Mileage: 81000
    Major Options: sunroof, heated seats, xenon headlights, manual transmission
  • dhunter03dhunter03 Member Posts: 2
    Hi,

    I was hoping that someone can help me evaluate trade-in value of my car. I don't think my situation is unique but this is the first time that I am considering to trade in a vehicle that was involved in an accident.

    Location: Washington DC area
    2003/BMW/325i
    4dr, auto, 35k miles, black
    Options: only options were auto, sun-roof

    The car is in an excellent shape. However about 3 years ago I was involved in collision in/out of shopping center. At the time my insurance nearly determined that my car was considered "totaled". However the "final" estimate determined that it was ~$2,000 below the threshold level of considering it "totaled" so I ended up getting my car repaired instead of receiving a check.

    At the end of the repair, the final cost was $2,500 higher than what was originally estimated. Needless to say had I known, I would have received an amount that was worth my vehicle.

    I appreciate any input/response on my vehicle trade in value.
  • woodywwwoodyww Member Posts: 1,806
    Bummer, dude, I've been there. :( But, does it have a Salvage Title now? Show up on Carfax? What did the repairs cost/what was involved?
  • oldfarmer50oldfarmer50 Member Posts: 24,192
    "...about $700..."

    That's just about in the middle between the poster who said "car is worth zero" and the "$1000 off" figure. That's about what I figured for a newer car.

    Usually I see the A/C statement in the old beater cars where $700 is the bulk of the price. Most sellers would fix a busted A/C on a newer model. I don't think I would buy a car newer than 5 y/o if the A/C was busted.

    Thanks to all of you for the info.

    2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible

  • bradfordrb1bradfordrb1 Member Posts: 5
    All,
    Any help on this one:

    2003 Nissan Maxima SE
    Leather & Sunroof
    70k miles
    tires fairly new
    floormats are a little dirty, but rest of interior is great.
    has some paint chips on hood and doors.

    NADA Avg trade is 7650 + 825 (lthr&sunroof) = 8475. Is that in the ballpark for a trade in? LA/TX market
    Thanks,
  • dhunter03dhunter03 Member Posts: 2
    The total cost to repair was expensive but I can't recall. I'm still baffled at how small incident out of parking lot can cost so much. Good thing I was fully insured...
    It was not classified as salvage so I still have my original title.
  • volvomaxvolvomax Member Posts: 5,238
    Looks like trade in should be @ $7-8,000

    So, retail @ $10-12,000 range
  • volvomaxvolvomax Member Posts: 5,238
    Trade on the V70 is probably somewhere in the $18-19,000 range.
    Which puts retail in the mid $20's.
  • volvomaxvolvomax Member Posts: 5,238
    Figure trade in between $9-10,000
  • volvomaxvolvomax Member Posts: 5,238
    $25-27,000
  • volvomaxvolvomax Member Posts: 5,238
    Wholesale @ $10,000
  • volvomaxvolvomax Member Posts: 5,238
    $9-10,000
  • volvomaxvolvomax Member Posts: 5,238
    It would be helpful to know where the damage was, how much was the bill and is it onthe Carfax?

    Unmolested, the car is worth @ $12,000

    Depending on the damage, the skill of the repair, the Carfax, etc your car could be worth $6,000 or $10,000
  • volvomaxvolvomax Member Posts: 5,238
    Real world is closer to $6500-7,000
  • ny14337ny14337 Member Posts: 16
    Would you believe they offered me $6500??? This is a car that books out on Galves (which is what the dealers in NY see to use) at btwn. $10,500 and $11,500, and my car was mint and totally loaded. Guess I'll be selling this vehicle on my own.
  • volvomaxvolvomax Member Posts: 5,238
    Yikes, that is low.

    Good luck selling it yourself.
  • stickguystickguy Member Posts: 53,330
    that the one on long island? Heck, I am looking for a car, and I would buy it from you sight unseen, baed on this description, for that much. And I don't even know you!

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

  • ny14337ny14337 Member Posts: 16
    Can you believe the lowball offer? I know the dealerships want to be able to turn a profit but that's just ridiculous. There are RX300's being sold at dealerships on Long Island for $15k and $16k and most of them don't have navigation. So I figured I'd be able to get $11,500 without much of a problem. Guess I was wrong. I know I can sell if for much more through private party but I just didn't want to deal with the hassel of having people come look at it, test drives, etc...
  • corvettecorvette Member Posts: 11,272
    I've seen a handful of dealers that seem to have the attitude that if they can't gross $5-6,000 on a deal, it's not worth their effort. Hard to believe that customers will put up with that!
  • ateixeiraateixeira Member Posts: 72,587
    C'mon, that's not nice, taking advantage of him like that.

    psst - I'll give you $6600.

    Just kidding. ;)
  • volvomaxvolvomax Member Posts: 5,238
    Well, the dealer in question has to have a buyer for your car.
    If they aren't going to retail it, they have to have a wholesale buyer.
    If they don't, they aren't going to stick their neck out especially on an older SUV.
    They probably feel "safe" at $6500.
  • stickguystickguy Member Posts: 53,330
    Like Max said, you have to look at all the factors.

    Overall sales at dealers are in the tank. SUVs are still getting the brunt of it. The dealership probably already has a large supply of this type of vehicle, and doesn't need more. Same with the wholesalers.

    And while 88K isn't a tremendous amount of miles for a 2001, it certainly isnt a low mile car. So they have to factor in rehab costs.

    I don't remember what you were looking at (or who lowballed you), but if they aren't planning to put it on their own lot, they are at the mercy of the wholesalers. And they probably aren't offering much.

    So, while you may not like it, going the private sale route is probably your best bet. Sounds nice, so it shouldn't be too hard to sell. Try the for sale sign in front of the house and work first. Cuts down on the flakes you get off the internet!

    Oh, and IMO many of those dealer list prices are fantasy. They can list it at whatever they want, but do you seem them moving off the lot very fast?

    To me, if I saw your car local listed for a quick sale at 10/11Kish, I would be very interested in checking it out. But not at 15/16K.

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

  • ateixeiraateixeira Member Posts: 72,587
    I just saw gas for $2.91, so that may help the SUV segment, but then again, most people need a loan to buy an $11k vehicle and credit may be an issue.

    My guess is the used car market will slow just as the new car market has.
  • stickguystickguy Member Posts: 53,330
    philly area car, private sale. Assuming it is clean with no accidents, etc., what would be a realistic price to offer on this?

    This is a 2WD Automatic 6 Cylinder BMW. The automatic unit permits manual gear changes. Shiny black exterior with gray Leather seats. Has no major dents, dings or scratches. Has steering wheel controls and sunroof. Runs and handles great. Want to sell to buy an SUV. Has 69,000 miles.

    Looks like a premium package car, non-sport.

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

  • ny14337ny14337 Member Posts: 16
    I think you are probably right. The dealership wasnt going to put it on their lot, so that probably had something to do with the lowball offer.

    I'm going to sell it myself. I put it on the internet for $12,500. Got one call on it so far. I have until February before I have to sell it so I have some time. It really is a nice car, the mileage is pretty good and it has factory navigation. I think I only saw one other RX300 in my area that had navigation but it had over 100,000 miles. Hopefully I'll be able to get what I need from it and move on to my next vehicle.
  • skylabskylab Member Posts: 37
    Thank you all for the feedback! I will try and move it on Craiglist and will let you know how it goes.

    Meanwhile, my wife has her eye on an '06 9-5 (latest iteration w/ the 260hp HOT) auto with 28K miles. Options are the rain sensing wipers and Parktronic, or whatever Saab calls it. Factory warranty to mid-2010, clean Carfax, looks new and drives well. Any thoughts on a ballpark fair value there?
  • volvomaxvolvomax Member Posts: 5,238
    Wholesale on the car should be in the mid teens.
    figure a couple grand for the CPO warranty and recon, so you should be able to pick that car up under $20 grand.
  • skylabskylab Member Posts: 37
    Yup, the (reconditioned, but non-CPO) offer is $15,500. I'm inclined to take it.
  • shaggyvideoshaggyvideo Member Posts: 9
    Hello,
    I'm eyeballing an 2003 Maxima SE. So I've decided to possibly trade in my Sentra.

    Northern VA/DC Metro
    2008 Nissan Sentra Base
    2.0 4 cylinder, automatic
    FWD
    Sonoma sunset exterior
    Grey interior
    Pretty basic
    7000 miles

    Also, what would a person who had an 2003 SE Maxima (majestic blue, blonde interior) with 65000 got for their trade in? Good condition, alloys, sun roof, leather, Bose, HIDs.

    Thanks for your time.
  • robbiegrobbieg Member Posts: 350
    If you look back a few posts, Volvomax just answered a question about a 2003 Maxima SE with 70,000.
  • volvomaxvolvomax Member Posts: 5,238
    08 Sentra @ $12,000
  • volvomaxvolvomax Member Posts: 5,238
    Yup, the (reconditioned, but non-CPO) offer is $15,500. I'm inclined to take it.

    Well, if you must have a SAAB, that is a very good price. :P
  • skylabskylab Member Posts: 37
    If it's any consolation, I have a Volvo for me. ;)
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