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Real-World Trade-In Values

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Comments

  • volvomaxvolvomax Member Posts: 5,238
    Don't know about $16,400 those cars are going thru the auctions for @ $12,000
  • darkqdarkq Member Posts: 6
    Thanks Volvomax! Another question, my friend has a 2008 Jeep liberty limited (black w/ dark interior), 18k miles on it, what trade-in value can he get? I know these cars are depreciated heavily after the first year
  • tj11119tj11119 Guest, Member Posts: 138
    Any guide to what is the market price for this vehicle?

    San Diego CA
    1995 Audi A6 Quattro Wagon
    Wagon
    2.8l
    AWD
    118k
    Green
    Loaded
    General good condition, no exterior or interior damage. One owner, full records.
    Tires 50%
    Brakes 50%
    Maintenance on schedule.

    Thanks !!!
  • stewdystewdy Member Posts: 17
    Just wondering what I could possibly expect for trade in for the following:

    Region: Southeast (GA/SC)

    2007 Audi A4 2.0T 6 speed Automatic Transmission
    Sedan
    2.0 Liter Turbo engine
    Quattro AWD
    Mileage 19,XXX
    Color: Ext-Black Int-Beige/Tan
    Options: -Premium Package (Leather, etc.)
    -Convenience Package (Bi-Xenon, homelink, folding mirrors, dual power seats, rain sensing wipers, etc)
    -Navigation with 6 disc CD Changer
    Condition: Excellent. No paint problems, No dings or dents, No accidents, etc.
    Maintenance: up to date and all done by Audi

    Thanks in advance!
  • volvomaxvolvomax Member Posts: 5,238
    2WD or 4WD?
  • volvomaxvolvomax Member Posts: 5,238
    Should bring somewhere @ $20,000
  • darkqdarkq Member Posts: 6
    4WD, in Midwest. Thanks, Volvomax!
  • volvomaxvolvomax Member Posts: 5,238
    @ $13,000
  • bismarckbismarck Member Posts: 34
    Looking at used 2007-2008 FJ Cruisers...

    Automatic, Upgrade package#2, roof rack, etc. (basically all options) -- about $32K MSRP new... Under 20K miles.

    Curious to see what these trucks bring at auctions, economy at all...

    Thank you!
  • volvomaxvolvomax Member Posts: 5,238
    07's are bringing anywhere form $16-20,000 depending on equipment and miles.
  • qbrozenqbrozen Member Posts: 33,736
    Wow!!
    50% depreciation in under 2 years. That is brutal!
    Might as well have bought an American car. ;)

    '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

  • morrirumorriru Member Posts: 7
    Location: Dallas, TX
    Year/Make/Model: 2006/Ford/F-150 SuperCrew XLT
    Body Style: 4dr
    Engine: 5.4L Flex Fuel
    Driveline: 4WD
    Mileage: 32000
    Color: Dark Shadow Grey/Light Grey
    Major Options: 18" wheels, chrome running boards, 6disc MP3
    Condition:
    Interior is fairly clean--doesn't look like showroom, but not dirty by any means.
    Tires - 50% at least
    Brakes--still great
    Maintenance--all performed at dealer
    Other: Had insurance claim to repaint passenger side after getting paint on it.

    Any idea what this would bring as a trade here in Dallas? And am I better off trading it in at a Ford dealer as opposed to another dealer? Would prefer to just sell it, but not getting many takers...
  • stewdystewdy Member Posts: 17
    Tell me about it... Sticker was just over $38K. I'm probably not going to go with another A4. It hasn't been a bad car, but just not all that exciting. That depreciation will probably keep me out of a '09. Plus with depreciation like that I may as well buy a Saab or something. With something like that I'd know to at least expect that kind of drop. It seems like the only way to minimize that risk is to go with a BMW or a Lexus.
  • hondachef2006hondachef2006 Member Posts: 15
    Just curious what I should be getting for a 2007 Honda CRV LX 4WD Auto in the Chicago Area for a dealer trade-in, with 19000 miles and in excellent mechanical shape with all the service (Oil changes, tire rotations, etc) to the vehicle is up to date.

    Whats it worth??

    Let me know if you can!!
  • jimbresjimbres Member Posts: 2,025
    Are you the current owner of this car? I'm asking because I've seen your posts in the CR-V Prices Paid forum. Apparently you're shopping for an '08 or '09 CR-V. Given that there's not much difference between the '07, which, I assume, you now own, & the '08/'09, it's natural to ask why you're doing this.

    Just curious.
  • hondachef2006hondachef2006 Member Posts: 15
    I am the current owner of this car and I am shopping for an 08 or 09 CRV basically to trade-up to something newer before the 07 greatly lowers in value, thus getting less for it at trade-in time. I usually trade up for the same car before the warranty expires and the value decreases.

    What do you think? Should I keep th 07 CRV and run the wheels off it or trade up like I'm about to do.

    Let me know!!

    Thanks!!
  • jimbresjimbres Member Posts: 2,025
    To squeeze the most value from your car, I'd suggest that you keep it for at least 10 years or 125K miles & then sell it privately. I've been driving Hondas since 1974 & that's been my approach. Hondas age well, & older, high-mileage cars bring top dollar. Believe me - you'll have absolutely no trouble selling your CR-V when the time comes.

    Trading every 2 or 3 years is a sure-fire way to go broke.

    I've got a 2006 CR-V (the last year that it was available with a stick, which I prefer) & I have no plans to replace it before 2016.
  • gooddeal2gooddeal2 Member Posts: 750
    What do you think? Should I keep th 07 CRV and run the wheels off it or trade up like I'm about to do.

    I'm not sure about CRV but I like to trade in my Altima every 2 or 3 years as well. For the last 2 trades, I needed to add about 4K/2years or 5.5K/3years. I think it's a good deal b/c I don't need to replace anything after 2 or 3 years, just a couple of oil changes.

    If I keep the car for 10 years, I would think I have to add at least 15K + all the maintenances, brakes, tires and others.
  • kyfdxkyfdx Moderator Posts: 265,565
    I recently traded my '02 CR-V EX with 106K miles.. Received $9000, real money...

    I wouldn't trade out of a CR-V, because of depreciation issues.. You picked a good one!!

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  • hondachef2006hondachef2006 Member Posts: 15
    Why not trade out of an 07 CRV? The depreciation can't be that bad. I'll probably get $16500.00 on a trade when I paid 19300 out the door 18 months ago.

    What do you think!!
  • gooddeal2gooddeal2 Member Posts: 750
    Why not trade out of an 07 CRV? The depreciation can't be that bad. I'll probably get $16500.00 on a trade when I paid 19300 out the door 18 months ago.

    If you only need to add around 3K to get a '09, I say "go for it".
  • jimbresjimbres Member Posts: 2,025
    Why not trade out of an 07 CRV?

    Because this transaction doesn't make any financial sense. Even using your own numbers, you're spending $3K to buy substantially the same car. Don't you have anything better to do with that money?

    Before you do anything, spend some time researchng the financial fundamentals of car ownership. You'll see that what costs you the most money is depreciation, not repair & maintenance costs. This means that if you want to reduce the cost of car ownership, you'll focus on reducing what you lose in depreciation.

    Because the steepest part of the depreciation curve takes place during the 1st 4 years of a car's life, one way to beat depreciation is to buy used. Let the poor jerk who bought the car new take it on the chin. Another way - my approach - is to buy new & keep the car for at least 6 to 8 years. (Although I've kept cars for as long as 13 years, I generally don't go beyond 10.) Sure, you'll spend some money on repairs, but what you're saving on the depreciation side of the ledger will more than pay for those repair costs. Anyway, experience has taught me that top-tier Japanese brands will easily run for 10 years without big repair bills.

    If you trade every 2 or 3 years to hold down repair costs, you're effectively spending $1.25 to save $1.00.
  • kinsalekinsale Member Posts: 33
    New Hampshire
    2006 Saturn Vue AWD V6
    32,000 Miles
    Red
    Alloys, Sun Roof
    Perfect Interior, One scrape on rear bumper, not major.
    Tires 70%
    Breakes 60%

    Book says $10k. I've seen them advertised for $15k

    I owe 16k. I could cope with 3-4k loss but not 6-7k.
  • volvomaxvolvomax Member Posts: 5,238
    Don't forget that Audi just brought out an all new A4,and had incentives on the last of the old ones.
    That always hurts resale
  • volvomaxvolvomax Member Posts: 5,238
    Truck should bring somewhere @ $15,000
    Shouldn't matter where you trade it, no one is likely to really want it.
  • volvomaxvolvomax Member Posts: 5,238
    Well, the book is about right.
    Could bring as much as $11,000 but thats about it.

    $15k is retail money.
  • hondachef2006hondachef2006 Member Posts: 15
    How much for an 07 Honda CRV LX 4WD with 19000 miles in excellent shape??
  • eka1eka1 Member Posts: 51
    I have a 2008 TSX and want to get a 2009 TSX.
    2008 TSX no NAV, 9000 miles near mint condition except for the dog hair inside.LOL
  • woodywwwoodyww Member Posts: 1,806
    I've alway assumed that Audi depreciation is among the worst (& just wait until the warranty runs out!). Best to lease an Audi if you're going new, as with Saabs. If you want low depreciation, yes Lexus is on the list.....
  • volvomaxvolvomax Member Posts: 5,238
    Probably @ $16,000
  • volvomaxvolvomax Member Posts: 5,238
    Should see @ $18-19,000
  • cccompsoncccompson Member Posts: 2,382
    Generally speaking, because of the stupid money they bring, trading a late-model Honda can make some sense/cents.
  • mjfloyd1mjfloyd1 Member Posts: 3,806
    I'm looking at several 07 and 08 bmw x5 3.0's and am trying to get an idea of a realistic price to pay.

    Looking at white or black with tan leather, prem pkg, cold weather pkg, rear climate pkg, AT

    07's I like have miles between 8K and 18K. Lower mileage one has tech pkg (nav and backup camera) ,sport pkg, keyless access, heated rear seats and sat radio.(alpine white)

    18k mile 07 has sport, tech, prem, rear climate, (alpine white)

    08 has 12k miles , black over tan, sport, prem, panorama roof, rear climate, cold pkg, power tailgate, ipod adaptor, running boards

    None are cpo.

    Also one cpo 07 black/tan 18.5k miles with prem, cold, rear climate, 3rd seat and park distance control.

    Any idea of realistic buying #'s?

    Thanks,
    Mark
  • sebring95sebring95 Member Posts: 3,241
    Why not trade out of an 07 CRV? The depreciation can't be that bad. I'll probably get $16500.00 on a trade when I paid 19300 out the door 18 months ago.


    Volvomax's number was $16,000 on trade. So you're going to realize a $3,300 loss when you trade. Plus the price of the new ones have gove up about $2,000.....looks like invoice deal on an '09 is $21,500. So you'll have to cough up somewhere around $6,000 after taxes and such (assuming you're only taxed on the trade difference). Doesn't sounds like a deal to me for 18 months of ownership. Assuming the same depreciation rate as the '07, you'll lose $4,000 over the next 18 months if you wanted to trade again. Will your '07 lose that much in the next 18 months? Very unlikely. If you're worriied about possibly having to pay for repairs, it would make sense to go 36 months (warranty period). You only realize depreciation when you sell.
  • mjfloyd1mjfloyd1 Member Posts: 3,806
    I meant to include location - I'm looking in Indianapolis, IN, Chicago and Cincy.

    Mark
  • bc13bc13 Member Posts: 32
    With the beating these vehicles have taken, I haven't been able to find a "great deal" in the nyc area.

    Anyone know any wholesale dealers in the NYC area or where to find some??
  • dtownfbdtownfb Member Posts: 2,918
    I would try looking in NJ as well....
  • iontrapiontrap Member Posts: 139
    Location: Augusta, Ga
    Year/Make/Model: 2006 Volvo XC90
    Engine: 2.5T
    Driveline: AWD
    Mileage: 36000
    Color: Gray/Gray
    Major Options: Leather, sunroof, cd changer, 3rd row

    This is a non CPO vehicle. Dealer is asking $21500.
  • isellhondasisellhondas Member Posts: 20,342
    Before you buy an FJ Cruiser, have you ever driven one and checked out the rear visability?

    We have had TWO of these traded in because of the horrible blind spots they have!

    Cool cars though...
  • skylabskylab Member Posts: 37
    Took a stab at answering your question in the XC90 forum already, though you didn't mention your location there. In the NE you could probably get that car for under $19K, but supply is more limited in the South so you'll pay some premium. I'd guess a fair bit less than $17K on trade, but Volvomax will certainly know.
  • iontrapiontrap Member Posts: 139
    With the equipment, Edmunds shows the TMV @$24k. The SM said that the $21500 was $700 over their cost. On the surface it seems like a decent deal, this XC90 is much nicer than my 4 Runner.

    Some of the equipment it has is: leather, power driver and passenger seats, heated driver and passenger seats, rear AC, 3rd row, cd changer, homelink and sunroof.
  • paris123paris123 Member Posts: 1
    me and my wife financed a 2007 nissan altima last year. we pay 540 a month and the interest is 12%. we want to get out of this somehow. out of the 540 a month about 300 is interest. i just need to find out if their is anyway to get out of this. i went to car cash and i am going to contact them tomorrow. any suggestions would be greatly appreciated. thanks.
  • mikefm58mikefm58 Member Posts: 2,882
    Hmmm, if my fuzzy math is correct $300 a month in interest at 12% equates to $30K in principal. That's a heck of a loan on an Altima. Did you also trade in a car that you were upside down on?

    Negative equity doesn't go away by itself. You have two choices. 1) Bite the bullet and pay off the loan. 2) Declare bankruptcy.
  • lablover2lablover2 Member Posts: 115
    i want to trade in or sell my yaris anyone know what kind of $ it is really worth?
    chicago
    2007 toyota yaris
    3 dr liftback
    auto trans
    14500 miles
    red
    power windows, locks,a/c like new condition
    routine oil changes and tire rotations
    no accidents or damage
  • dbtdbt Member Posts: 298
    I'd like to find out what the wholesale value is on the following:

    Minnesota
    2006 Mazda Miata
    Grand Touring
    Automatic
    30000 miles
    Premium Package 2 (Xenon, ESC)
    Silver
    Good / Clean condition

    Thanks!
  • bismarckbismarck Member Posts: 34
    We did... The wifey hated it just because of that...
  • isellhondasisellhondas Member Posts: 20,342
    We had someone trade on in with 1500 miles after they had almost run people off the road.
  • volvomaxvolvomax Member Posts: 5,238
    Trade in somewhere between $9-10k
  • volvomaxvolvomax Member Posts: 5,238
    Not a good time to bre trading in a convertible in MN!

    Probably looking @ $10,000
  • dbtdbt Member Posts: 298
    Thanks Max!
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