Real-World Trade-In Values

kyfdx · February 2009

BMWFS has been cutting deals on these... Rather than send them to the auction, they've been knocking about $6K off the residual, if the original lessee will buy it... Anywhere from $21K-$25K, depending on mileage and original MSRP...

Quite a few reports of BMW dealers taking car in, and CPOing it, then selling it back to them for $25K-$26K... with the extended warranty .. so, they've got to be getting them from BMW for around $21K.. or so...

Not sure how that affects the Manheim numbers, though...

ateixeira · February 2009

Problems with vans are rarely with the motor. It's the power doors (all), electrical gremlins (all), the transmission (Honda, Dodge), things like that.

Having said that the 03 and earlier Sienna had the 3.0l V6 that had slugge issues (there's your exception), so go for the 04-06 3.3l V6 (no such problems). The van was also bigger.

The 07 and later Siennas went to a 3.5l V6 with a timing chain, so no belt to swap. Of course price will be way out of your price range.

I recommend an 04 Sienna, but for $10k it will have a lot of miles.

qbrozen · February 2009

Hey vmax. Hoping you can settle a little debate for me. Looking for the real-world difference between these 2 vehicles.

'04 G35X premium. 48k miles. let's say silver over black. good condition.

vs.

'05 G35x premium. 36k miles. same color combo. same condition.

kiams · February 2009

Thanks to all the collective wisdom I am getting here...these are really insightful aspects of becoming a "van-Dad", albeit unwillingly.

In another forum, someone recommended Mazda MPV since apparently, their reliability had improved dramatically since 2000 MY redesign. I took a test drive in one this afternoon, and I liked it. A quick survey in Autotrader (within 100 miles of Boston) revealed 2 choices

1.) 2004 Mazda MPV LX with 12K miles --> asking $12,500. Has clean carfax, 1-owner and is at a mazda dealership

2.) 2004 Mazda MPV LX with 63K miles --> asking $6,900. Has clean carfax, 3-owners and is at a GMC-Pontiac-Buick dealership

What to do now??...buy high miles @ half price and save the moolah, or buy low miles and add 3K to the budget....aaarrgh! I am getting a headache :sick:

Drum roll now is on 2004 Sienna (high miles) v.s. 2004 MPV (high miles) v.s. 2004 MPV (low miles)

volvomax · February 2009

04 G35x figure @ $11,000 wholesale
05 G35X figure @ $14,000 wholesale

LexVentura · February 2009

Ventura County, CA
2000 Lexus RX300 AWD, Sand metallic (kind of a beigy gold) w/ tan leather
89000 mi
All options except Nav (Nakamichi, alloys, mnrf, heated seats, roof rack, electrochromatic mirrors, etc)
New tires. Lexus maintained. Few small dings c/w age, rear bumper has some scrapes from loading cargo, one large ding on fender
Otherwise in great shape (no accidents, no smoke, no kids, garage both ends)

Many thanks!

qbrozen · February 2009

Thanks, vmax.

But... hmmm... what's the deal? anonymouspost's '05 6-speed with 54k miles is worth more than an '05 G35X with 48k miles?? Usually the X adds like $1500, right? And the lower miles should help, too. Seems odd, no?

kiawah · February 2009

Personally, I would be suspicious of a 5 year old van with 3 owners. With kids, the need for a van goes on for years. Something is not right that 2 prior owners got rid of it. I'd be thinking some mechanical problem which has left the driver stranded, which a parent would have no tolerance for with little kids and be willing to take a financial loss and dump it. Or, it's in the shop all the time and is un-reliable.

Have had my years of kid hauling van and Suburban's.

TheMagicTiki · February 2009

Hey, Folks!

I was wondering if you could help me get a real-world assessment of teh value of my Camry. It's a lease, and I am debating whether or not I want to trade it in now with the deals that are out there, or hold on to it for a bit longer...

Here's the specs:

Outside of Philadelphia, PA
2007 Toyota Camry SE
4 dr Sedan
4 cyl FWD, Auto
13,000 miles
Gray w/ black leather
Loaded with everything but a moonroof: auto/heated front seats, upgraded stereo, 6 CD changer w/ mp3 and satellite ready, bluetooth, leather, rear spoiler

The car is in beautiful shape. I have seen the TMV here at $16-$17,000), but dealer estimates have been between $14 and $15,000. Any thoughts would be greatly appreciated!

Thanks in advance!

sebring95 · February 2009

Have you found out from Toyota what your lease buy-out is? That's the other piece of the puzzle and may be well out of line with market at this point.

TheMagicTiki · February 2009

I have... forgot to post it. The listed buyout is about $18,000.

I don't expect to get a 100% buyout... but I have been trying to get a realistic assessment of what the car is worth. With the deals that are out there right now, I am debating whether or not it is worth to pay out a little extra to zero out the lease.

I do like the car... so I have the luxury of waiting if need be.

Thanks for your help!

volvomax · February 2009

Right color for SoCal.
Figure @ $7,000 on a trade.

volvomax · February 2009

Values depend on a lot of factors.
Location, demand and availability among them.
A 6 speed is pretty rare and is probably worth more to the right buyer.
In certain markets, AWD adds nothing to the real value of the car.

volvomax · February 2009

Dealer is right. It should be a $15,000 car.

ateixeira · February 2009

3 owners in 69k miles? Here's what happened.

Family #1 buys it. Realized it's too small. Trade up for a bigger van.

Family #2 buys it. Realized it's too small. Trade up for a bigger van.

Family #3 buys it. Realized it's too small. Trade up for a bigger van.

Question is, can you learn from their mistakes? :shades:

Just teasing, but the MPV was at the top of my list and friends kept telling me to get a bigger van. Eventually I caved and got the bigger Sienna, and they were right - you do end up using the space, that's what vans are for. If you didn't need the space you probably wouldn't be shopping for a van.

Reason I mention that is I realized that after I got my first van, not before.

One other thing was the engine has less power yet it's not any more efficient than the bigger V6s in the Ody, Sienna, and Caravan.

The prices are good, though. That makes the decision a little tougher. I don't think you'll regret spending a little more on a bigger van, though.

ralphuco · February 2009

ralphuco · February 2009

I expect to trade in the Accord on an '09 Camry hybrid in the near future.
Denver Colorado area.
'07 Honda Accord EX I-4 Automatic FWD with 12000 miles. Dark Red with sunroof
Vehicle is in excellent condition. Goodyear triple treds installed at purchase (80k mileage tire).
No repairs to car.
My reason for trade is that the seats are uncomfortable for myself and wife, making longer trips to visit grandkids impossible for us.
I added on the clear bra,splash guards,fender trim, door guards, o/s temp gauge, electrochromatic mirror and the Goodyear tires.
Edmunds value is $14796, KBB is $14,900 and NADA is $15,450.
Should I expect the value to be at $14900?
Thanks in advance for any advice, estimates or suggestions.
Ralph

Littlefamily · February 2009

We are looking at a Volvo V70 R and are located north of Philly

Model: 2005/Volvo/V70R wagon
Engine: 2.5L Turbo (300HP) automatic
Driveline: AWD
Mileage: 35,0000 miles
Color: Silver w/ black interior
Options: heated leather seats, sun roof, 6 cd-changer, alloy wheels - seems to have most everything
Condition: garage kept, all service records and all service completed at a volvo dealer, in very good condition

We have been looking for a while and really would like the R version of this car, but it seems like most of these cars are WAY over-priced ($6000 to $10,000 over what you see in edmunds or kbb). What is a fair value dealer or private?

Also, does anyone know of any issues with the car we should have our mechanic be sure to check?

Thanks

Kirstie_H · February 2009

A magazine reporter is interested in consumers who have purchased a used vehicle in the past few months. Please send your email address and phone number to jfallon@edmunds.com by Wednesday, February 11, 2009, if you fit the bill.
Thanks,
Jeannine
Corporate Communications
Edmunds.com

qbrozen · February 2009

Does my $1100 project car count? ;b

Kirstie_H · February 2009

I'm sure it does for YOU. I kinda think you're not the target of this request, though

troylikesbikes · February 2009

I recently did two different trades, one back in August of 2008, and one in January of 2009.

I will list the cars and info on those I both sold, and then bought. I would like to see how close your estimate might be to what actually happened, value wise on these 4 vehicles.

In 8/2008 I traded a 2007 beige Camry CE ( beige interior ), 5 sp stick, 15K miles, dealer installed alarm the only option on the car, but car without a scratch on it, looked as good as it did when I bought it. MSRP new was approx $19Gs. Traded it at an Acura dealership for a 2008 Acura slate colored TSX, 5 speed auto, no nav or any extra's, pretty much just a regular 08 with 7K miles on it, no weird scratches or marks, perhaps a smudge here or there ( bottom of front air damn where it obviously maybe hitting a parking block or something ).

In Jan/2009 I traded a 2007 gray Ford Escape Hybrid base model, no leather, no nav, no dealer extras, 20K miles, outstanding shape, MSRP was about $28.5G's new. I traded it, at a Ford dealership, for a 2008 Mazda CX-7, robins egg blue, 10K miles, CarFax showed it was an X-rental unit from the local area. Sport model, so leather interior, some factory tinting, usual 6sp auto, AWD. Pretty decent shape for a rental return, a few of the standard weird scratches I've seen before on rental units, but nothing major, otherwise in excellent shape.

The Camry/TSX trade was in Colorado Springs, CO and the Escape Hybrid/CX7 trade was in Longmont CO.

The vehicles were traded/purchased in these pairs, so feel free to offer any values that way. What really matters I suppose is just the differential I should have paid or they should have paid me for the deal, but if you want to offer values individually or as just the differential on each pair, thats fine.

I'm pretty sure I paid more than I should have for the Acura, but I like it, and thats the way it goes sometimes. Feel free to speculate on how much money would have been made by the dealer, off of me, in your calculations, based on what you think is fair.

I will then compare that to the real numbers and see how badly I got hosed.

stickguy · February 2009

not an expert, but I have been looking at Volvos lately! These are great cars, but can be expensive to maintain. Is this a CPO with warranty, or a private (or at least non-volvo dealer) sale?

And on these, condition and miles has a huge impact on price. They are fairly rare, but pretty specialized as to who wants them. And a lot of people do modifications.

There are a couple of volvo and R specifi forums that you can find on the internet that have tons of info on these, and some pricing help. But Volvomax can probably help there anyway.

But for sure, dealers jack these way up. especially one dealer just west of Philly on the main line.

skopiec · February 2009

Arizona
2 dr roadster
3.2L I6
51000
Gray exterior w/ grey/black interior
Normal options -
Great 9/10 condition
new tires / good brakes
some maint records
Clean accident history / carfax

Looking for a private party value -
I've also heard of some ripping subframe failures, but Im not sure if this is mostly related to cars that are tracked.

kiams · February 2009

Does this sound feasible....or is someone yanking my chain...

"Friend of a friend" claims he can get me a 2005 Honda Odyssey EX-L with less than 60K miles from the auction for $10K plus $350 dealer fee and $350 auction fees and $750 warranty (5yrs/100K) coverage...total $11,500...does this sound feasible?

This is for North East auctions (boston)...if this passes collective sniff test, then I will pull the trigger

dogsonboard · February 2009

What should we expect a dealer to pay for "Vannie"? Private party?

Location: [city/state or nearest metropolitan area] Seattle metro area
Year/Make/Model: 2001 Odyssey EX
Body Style: [2dr/4dr/wagon] minivan
Engine: [3.5 liter, 4/6 cylinder, auto/manual] 3.5 L DOHC, auto
Driveline: [FWD/RWD/AWD/4WD] - FWD
Mileage: 106,000
Color: [exterior/interior] White / beige (cloth)
Major Options: [alloys, sun roof, etc.] alloys
Condition:
Details of interior and exterior, including dings, scratches etc. - bumper paint chippy, needs a do-over
Tires - new or % worn - all-season radials with 8,000 on them
Brakes - 80%
Maintenance - have some records
Other: Indicate prior damage/insurance claims, repaints, etc. - 2 accidents: rear right-quarter panel and bumper replace on first one; right door repaint / re-adjust on second

vagabondchef · February 2009

Need a Real World Trade-in Value for a 2007 Honda CRV 4WD LX auto (blue in color) (black interior) in Excellent condition with 21700 miles.

Any advice or help would be great!!

Thanks.

cccompson · February 2009

While the numbers seems a bit low (assuming a regular title), this could well be legitimate. You might want to try to tag along and see it in person. It's unlikely that the warranty is worth the price.

The 21K that I got for my '05 Odyssey Touring last July looks increasingly like a gift.

exb0 · February 2009

I would get 2004 Honda Odyssey, they are more reliable. Transmission issue was resolved in 2003 model year.

I hope you get read my next post before it gets deleted.

exb0 · February 2009

Rating range is 1 to 5 where 1 is much below average and 5 is much above average. 05 was a new model year/

Reliability History - Honda Odyssey
Trouble spots by year 99 00 01 02 03 04 05 06 07 08
Engine Major 5 5 5 5 5 5 5 5 5 5
Engine Minor 4 4 4 4 3 4 4 5 5 5
Engine Cooling 5 5 5 5 5 5 5 5 5 5
Transmission Major 1 1 1 1 2 5 5 5 5 5
Transmission Minor 3 3 3 2 3 5 5 5 5 5
Drive System 4 4 5 5 5 5 4 4 5 5
Fuel System 3 3 4 4 4 5 5 5 5 5
Electrical System 3 5 5 4 4 4 4 4 5 5
Climate System 5 5 4 5 4 4 4 4 4 5
Suspension 4 4 4 4 4 5 1 1 4 5
Brakes 3 3 3 4 4 4 1 1 3 4
Exhaust 2 2 4 5 5 5 5 5 5 5
Paint/Trim 5 4 4 4 4 4 3 4 4 4
Squeaks & Rattles 4 4 4 3 4 4 2 3 4 2
Body Hardware 2 2 2 2 3 3 2 3 3 3
Power Equip. 4 4 4 3 3 4 4 5 4 4
Audio System 5 4 5 3 3 3 2 3 4 5
Used Car Verdicts 3 3 3 4 4 5 3 4 4 3
New Car Prediction Better than average

dogsonboard · February 2009

What's the (public?) source of this interesting, valuable data, exb0?

Reliability History - Honda Odyssey
Trouble spots by year 99 00 01 02 03 04 05 06 07 08
Engine Major 5 5 5 5 5 5 5 5 5 5
Engine Minor 4 4 4 4 3 4 4 5 5 5
Engine Cooling 5 5 5 5 5 5 5 5 5 5
....

lmp180psu · February 2009

After 3 years, I have gotten the itch for a 'new' car (in this case a used car), and want to know what I might expect for my current car (I was hoping somewhere around 11-12K), and if the price of the car I am looking at seems fair:

Location: Harrisburg PA region
Year/Make/Model: 2006 Mazda3 Grand Touring Hatchback
Body Style: Hatchback
Engine: 2.3 liter 4 cyl, 5 speed automatic
Driveline: FWD
Mileage: 42700
Color: Silver exterior, black leather interior
Major Options: Grand Touring major std equip: heated leather seats, auto xenons, rain sensing wipers...BOSE/moonroof package option
Condition:
Interior is in really good condition..drivers seat has a little wear on the left bolster but not bad at all. Exterior has a few nicks on the front and rear bumper (there is one area where I backed into my mom's car in the driveway leaving a 2 inch area where I had to touchup...clumsy me!).
Tires - 18,000 miles on current set of tires
Brakes - original brakes, dealer said good pad life during last oil change
Maintenance - done at dealer, up to date

Vehicle I would trade this in for: 2005 Acura TL Non-Navi
- Acura dealer asking $18,997 (would like to get that down a bit - $18-18.5K - if possible of course)
- 33800 miles
- Anthracite (dark gray) exterior, gray leather interior
- Certified Pre-Owned vehicle
- Automatic

I checked out the vehicle today when the dealership was closed, and from what I can tell the exterior and interior are in very good condition - some wear on the driver seat, and a couple nicks on the exterior but nothing major. Looks like new tires (some off brand though).

Thanks in advance!

ateixeira · February 2009

A leading consumer magazine, you probably know which one.

They don't like their name mentioned.

Littlefamily · February 2009

It is a private owner and is in good condition. The car is great, just second guessing spending around $24,000 on a 4 year old car and the fact that maintenance will be expensive.

I think I know that dealer you are referring to and they had one for $27,000 and it had more mileage than this one....

Thanks for the info.

volvomax · February 2009

$14,900 is possible, but unlikely.
That car is probably more in the $13-14,000 range.

volvomax · February 2009

$24,000 is ALL the money for that car.
I would think that $20k would be right for a private party car.
R wagons are hard to price because they are quite rare and tend to attract rabid Volvo fans.

volvomax · February 2009

Aug was a thousand years ago in the car world.
Values for small cars were a lot different than now.
As for your Jan deal, you should have come close to an even trade.
The Ford should have brought $16-17k and retail on the Mazda should have been close, maybe $18-19k.

volvomax · February 2009

Not an easy car to figure given it's rarity.
Private party should be in the $10-12k range.

volvomax · February 2009

I'd say thats a stretch. Only the below average cars are in that price range.
An avg 60k Ody is anywhere from $11-12k.

volvomax · February 2009

A twice hit Odyssey?
I'm thinking $4-5,000 tops.

volvomax · February 2009

I think the Mazda is closer to $8-9,000
The Acura should be under $18,000

polliviere · February 2009

The real world answer to your question is that currently an 05 Odyssey EX-L without rear entertainment system or NAV has an average condition wholesale value of $12,700, the value in rough condition is $10,650. The values given are for car with between 50 and 60K miles.

At Auction a dealer would of course try to get an average car closer to the rough book value because he makes his money on the buy not the sell. Your price of 10K seems on the low side, I would think 11K for a clean undamaged car would be closer to reality and you would have to look hard for that.

rhester · February 2009

Thinking of trading in my 2008 Honda Civic Si but was very disappointed to see how its depreciated in its first year. Bought this car for $22k exactly one year ago, still owing $17k on it but the trade-in value according to KBB is only $15k. Thats one third of its value gone in one year! It just seems very un-Honda like for this car to have plummeted so much in value after just 12 months. I kinda expected to be right-side up in this car throughout the duration of the loan. What are these things going through auction at?

Heres the skinny on the car:

Location: Reno, NV
Year/Make/Model: 2008 Honda Civic Si
Body Style: 4-dr sedan
Engine: 2.0l V-TEC
Driveline: FWD
Mileage: 20000
Color: Fiji blue (Si only color option

)
Major Options: None, NO nav or summer tire options.
Condition:
Interior: Better than average for a car with 20k miles - no tears or rips, just needs a detail
Exterior: No dings, scratches, scuff marks, looks new after a wash (seriously)  this car has not been touched by anything other than the road and bird crap 
Tires  Original set, 60%+ tread
Brakes  70% left
Maintenance  All up-to-date

I know Ive taken the bulk of the depreciation hit already and it probably wont depreciate this much over the next 4 years+ but any numbers/advice would be appreciated. Thank you!

volvomax · February 2009

Well, for one thing you have put TWICE the miles that a typical 1 yr old car has.
Second, you should NEVER assume that you will have day 1 equity in ANY nw car you buy, unless you put a ton of money down.
Third, all cars have taken hits on depreciation due to the economy. Honda's are no different.

rhester · February 2009

I wasn't expecting day 1 equity but 1/3rd original cost in one year seems high for a Honda. Secondly, even if I'd done only 10000 miles the KBB wouldn't be much more than $15k. Besides, the average miles for one year is more like 12-15k is it not?

fiesty2 · February 2009

Location: Brampton,Ontario Canada
Year: 2001 Honda Insight
Odom: 123431km
2dr
Manual
Red
Scratched, some dints, starting to show rust inside!
New tires
Snow tires
New front breaks
New transmission
New oil pan
Maintenance up to date

What's it worth? Not that I want to let her go!

lmp180psu · February 2009

Thanks for the info. I decided to go test drive the TL tonight, and aside from an odd noise coming from the tires/front end (the salesman with me acknowledged it, and said they would definitely look at it as it that is not Acura quality/worthy of certified status), It drove nice and had nice pickup. They came back with 11K for my trade, but wouldn't budge on the TL price at this point. From looking at all the sites, I actually thought 19K was a fair price for the TL. I will be going back tomorrow during lunch to have them take a better look at my Mazda (I asked for another $500) as it was dark at the time, so they can get a look at it in the daylight. If they can figure out what the noise was and fix it (I had a similar noise on my Mazda which annoyed the he!! out of me, and it was bad wheel bearings), I may have a new car very soon

ateixeira · February 2009

I agree the value seems low but remember you are comparing a new retail price paid vs. a wholesale trade-in value. Right there is at least a 10% difference.

Wasn't there a dually here that went from $52k to $28k in even less time? New car smell is expensive.

KBB is usually high so that's actually what surprises me.

You can probably private party that car for $17-18k or so.

Thing is, at those prices you are competing with many new cars.

rhester · February 2009

Thank you.

I was curious as to whether this is one of those unusual situations where the auction prices on these things would actually be higher than KBB's trade-in value.

You can normally expect an approximate value on Honda's of around 50% after 5 years of its original valuation, so I'm hoping if I keep the car (which I really should!) that I'm only going to lose 5k or so over the next 4 years.

After all, one of the reasons why I bought the car was because of Honda's reputation of making vehicles with great resale value.

ateixeira · February 2009

That may be a little optimistic.

I do recall a study of 4 year old models and the Prelude had the highest residual values of the whole lot, at 51%.

So 50% after 5 years sounds a bit optimistic.

Maybe if you private-party sell a Honda, and got a deal when it was new, it's possible. I would not count on it, though.

Good luck.

If it didn't want premium fuel I might have made you an offer! :shades:

The ideal Civic would actually be the Euro 5 door, for me. Maybe even a diesel, if diesel prices near me ever drop (still nearly a buck more than gas).

Real-World Trade-In Values

Comments

Helpful Tools

Most popular vehicles