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Real-World Trade-In Values

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Comments

  • mitchfloridamitchflorida Member Posts: 420
    I was watching the auction of classic cars on SpeedTV last evening. The cars all sold for at least $50,000, though they were all at least 25 years old.

    Not one of them had the original factory paint job. I was thinking how dumb they were . . they should have kept the old original faded, scratched paint job they got from the factory, at least according to you. .

    :D:D:D
  • qbrozenqbrozen Member Posts: 33,736
    yeah, you're right. Completely the same thing. Your car is collectible and valuable. You should start on the frame-off resto now.

    By the way, did you happen to catch the '57 stripper model 1-owner ALL ORIGINAL Chevy that fetched more than 3 times what a restored model would have? Yup, repainting classics can hurt, too.

    '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

  • volvomaxvolvomax Member Posts: 5,238
    I hope you realize that every time you type something the tool factor for you just keeps going up.
    Pretty soon, no one is going to want to help you anymore.
  • mitchfloridamitchflorida Member Posts: 420
    I would agree with you that if you see a four year old car with a brand new paint job, that raises some serious questions. But for goodness sake, a ten year old car that has baked in the blistering sun of South Florida . . it is not a big deal to repaint the car.

    I would rather have a new paint job than an old faded one . . . and just because a paint job has faded does not mean the car has been in an accident. The only thing it shows is that the car wasn't garaged at work or at home.

    Nuff said.

    :shades:
  • qbrozenqbrozen Member Posts: 33,736
    and just because a paint job has faded does not mean the car has been in an accident.

    Absolutely correct. But a buyer doesn't/can't know it was "just faded." That's the point.

    It applies to accident history, too. For example, carfax shows accident history. Seller says "oh, it just needed the bumper repainted." Hey, that's all well and good and MAY be true, but that doesn't negate the fact that the value is now shot to hell because nobody can know for sure that's all that was repaired.

    '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

  • volvomaxvolvomax Member Posts: 5,238
    But for goodness sake, a ten year old car that has baked in the blistering sun of South Florida . . it is not a big deal to repaint the car.


    Having sold more 10 yr old cars then you have,it is a big deal.
    Especially if a dealer is seling it.
    People don't believe dealers anyway. if you go onto a lot and see a repainted 10 yr old Honda,are YOU going to believe the salesman if he says "Oh,the paint was just faded".
    Your gonna be thinking Bull$h!t and then come here and scream that the dealer was trying to rip you off.
    Some cars just HAVE to be sold privately. No big deal.
    I hope you get your money. Just don't bang on people for trying to tell it like it is.
  • Sandman6472Sandman6472 Member Posts: 7,218
    It's time to go dude....just let the door close behind ya...sheesh!

    The Sandman :shades:

    2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)

  • mitchfloridamitchflorida Member Posts: 420
    Okay, Dude. Take care.
  • delthekingdeltheking Member Posts: 1,152
    Hi guys,I think its high time we ignore mitch`s posts now.No point in responding.Just a waste of everyone`s time.He doesn`t want to understand.Fine his choice.
    So,time to move on and ignore him.The more u respond to him,,,the more worthless the discussion will get.
    Instead better to help the other guys coming here who appreciate your effort!!
    [[Leave him alone so that he can answer his non stop ringing telephone ;) :shades: ]
  • CTRollCTRoll Member Posts: 8
    Looking for opinions on a dealer trade-in
    Location: NYC area
    Year/Make/Model: 2000 Mitsubishi Galant GTZ
    Body Style: 4 door sedan
    Engine: V6 3.0L, auto transmission
    Driveline: FWD
    Mileage: 91K
    Color: Silver exterior/ Grey leather interior
    Major Options: Alloys , sun roof, Leather
    Condition:
    Small scratches on exterior and interior
    Tires - 60 % worn
    Brakes - only 10K miles on them
    Maintenance - religious

    Fairly clean car - I am the original owner.

    Thanks in advance for any responses.
  • cdnpinheadcdnpinhead Member Posts: 5,617
    Post back your sale price...we are interested.

    Yeah, that'll be real. . .if it happens.
    '08 Acura TSX, '17 Subaru Forester
  • cdnpinheadcdnpinhead Member Posts: 5,617
    Nuff said.

    God, I hope so.
    '08 Acura TSX, '17 Subaru Forester
  • lilengineerboylilengineerboy Member Posts: 4,116
    So I wanted to pick your brains...

    2007 "Graphite Pearl" Honda Accord EX 5 speed manual 4 cylinder sedan w/ 24,000 miles. I honestly think that is all the description you guys need given how Hondas are marketed. but for completeness...

    EX = ABS, moonroof, cruise, p windows,p locks,p mirrors, partial power seat (height is powered...fore-aft is a towel bar), bunch of crash pillows. Alloy wheels.
    It has a maintenance minder that tells me when to change the oil, its gone off 3 times, serviced at the dealer. Tires rotated once. I would say they are in the 80% range (straight highway shot to work and back).

    12k miles and 15 months left on warranty.

    Detroit Metro area.
  • hsudoghsudog Member Posts: 29
    2007 Hyundai Santa Fe Limited
    White exterior, tan leather interior
    14,060 miles.
    Like new condition
    Houston, TX area

    Thanks in advance for your advice.

    Interested in trading before Hyundai keeps offering more rebates on their new Santa Fe's - and thus cratering the value of the old ones.
  • hsudoghsudog Member Posts: 29
    volvomax and del - thanks for your responses.

    Got "$6800" for it on Friday, but my guess is I got hosed somewhere else in the deal, probably on the purchase on the other side. Ended trading for 2008 Toyota Camry Hybrid w/lthr & 20,800 miles, purchase price of $19,600. After misc fees, sales taxes, etc. got OTD for just a hair under $14k.

    Salesman accepted my first counteroffer, and manager didn't even make an appearance. My guess is I paid too much. :cry:

    hsudog
  • 1214bosf1214bosf Member Posts: 1
    Hi
    I'm considering a private party purchase of a '04 BMW Z4 and wanted to know what is the fair price I should offer the seller considering the current market.

    Location: San Francisco
    Engine: 2.5 liter, 5-speed manual
    Mileage: 59k miles
    Color: Black w/Tan leather interior, black top
    Options: Premium & Sport package, heated leather memory seats, automatic top, xenon headlights
    Condition: 3 previous owners, first 20 months (32k miles) in Ohio, then to CA. 4 new no brand tires, garage kept.

    Thanks in advance!
  • delthekingdeltheking Member Posts: 1,152
    Actually,I think you did pretty well on your purchase.I think it was a terrific deal.
    An 08 Camry hybrid for 20k with trade of 6000 -- I think u should be really very happy.Great deal.
    Probably the salesman was cautious not to lowball you and lose a deal .Thats why he accepted your counteroffer!!!
    Enjoy your Camry Hybrid!! Terrific car! Have fun.
  • jhinscjhinsc Member Posts: 399
    In the meantime his phone still keeps ringing off the hook, yet he still has the car! ;)
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    Alrighty - Enough's enough. Let it go.

    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

  • volvomaxvolvomax Member Posts: 5,238
    Cars probably worth @ $2000 on a trade.
  • volvomaxvolvomax Member Posts: 5,238
    Figure trade @ $12-13,000
  • volvomaxvolvomax Member Posts: 5,238
    2WD or 4WD?
  • volvomaxvolvomax Member Posts: 5,238
    Trade in would be somewhere @ $13,000
    So, add $3000 for private party.
  • lparrishlparrish Member Posts: 10
    I asked about a year and a half ago for a value on my Escape Hybrid, but ended up holding on to it until now....wondering if I could get an update since the market has changed so much.

    Washington DC area
    2006 Escape Hybrid AWD
    48,500 miles
    Light Green exterior/Gray interior
    Base model with safety package (extra airbags) and appearance package
    Tires will need to be replaced soon, otherwise in good condition (no dings/dents)

    I have gotten quotes of $10.5K-11.5K for a trade and a quote for $12.5K from Carmax. I'm trying to sell private party for $15.9K, but in the few days its been listed I haven't gotten any bites. I'm wondering if my price is unreasonable, or if there are just no buyers because of Easter/Spring Break week.

    Thanks for any help you can offer!
  • ateixeiraateixeira Member Posts: 72,587
    Miles are kinda high. Half the battery warranty is used up. That's what may be scaring people.

    Not to mention gas is still free (almost).
  • hsudoghsudog Member Posts: 29
    It is 2WD, no sunroof, but all the other standard equipment. Thanks again.

    2007 Hyundai Santa Fe Limited
    White exterior, tan leather interior
    14,060 miles.
    Like new condition
    Houston, TX area
  • mitchfloridamitchflorida Member Posts: 420
    Why trade a car in like that when you can always net $1000-$3000 more by selling it private party? Some of the amounts that dealers offer customers are downright insulting . . yet half the customers accept it anyway.
  • volvomaxvolvomax Member Posts: 5,238
    Selling an 07 is much more difficult than selling an older car.
    Most buyers don't have the cash,so they have to get a loan.
    Do YOU want to tie up a car waiting for someone to get approved?
    Plus, you are competing w/ dealers that car offer certified warranties and special financing.
    Frankly,most people don't want to take the time to sell their own cars.
    It could take a month or two to sell an 07. You have to advertise,take a bunch of calls from lowballers,have people you don't know come over and drive your car.
    Finally, most states offer a tax credit on the trade in amount. So, you would need to sell your car for even MORE to make up for that. Not easy these days.
  • volvomaxvolvomax Member Posts: 5,238
    Car should still bring $10-11,000 on a trade.
    I'd say $13-14k private party.
    If you don't get any nibbles,I'd lower your price.
  • volvomaxvolvomax Member Posts: 5,238
    Figure @ $14,000 on a trade.
  • lparrishlparrish Member Posts: 10
    Thanks to both of you...hopefully I can sell it for a decent price, but if not, I'll just hang on to it for awhile longer.
  • mujahidmdmujahidmd Member Posts: 21
    Iam thinking of trading my Corolla in when i purchase my car
    98 CE Corolla
    224,000 Miles
    Automatic
    Interior is perfect
    Paint is fair.
  • believebelieve Member Posts: 74
    Hi Everyone!!!!
    Looking to purchase a 2004/Acura/RL w/65k on the odometer. Location is Lancaster PA. No scratches, repaint, dings, clean car fax, 1 owner, black on black, w/navigation, newer tires, car has been gone over by the dealer and checked out ok. Of course it's auto, 6 cyl, yada yada yada. Any help would be GREATLY appreciated. I have the seller down from the low 14's to the high 12's right now. They don't seem to want to budge from there. Maybe they've reached their end.
    Thanks everyone!!!!
    ED
  • qbrozenqbrozen Member Posts: 33,736
    And don't forget, depending on where you live, the tax credit trading in makes a big difference. I trade a $13k vehicle and, with the tax credit taken into consideration, realize $13,910 trade-in credit. No advertising fees, no fielding calls, no looky-loos, no test drivers, no be-backs, etc. I would want at least $2k over trade on such a car to compensate, and the odds of that are not good.

    '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

  • qbrozenqbrozen Member Posts: 33,736
    Worth ~$10k-$11k on a trade (closer to 11 if as good as described). So low 12s is pretty good.

    '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

  • CTRollCTRoll Member Posts: 8
    Thanks for the reply.
    That is exactly what Carmax and the dealer offered me on Monday.
    I went with the dealer trade in for the tax break and convenience.
  • smallcarsmallcar Member Posts: 39
    Can I get a trade-in and private sale value for this car?

    Location: Philly area
    Year/Make/Model: 2002 Mini Cooper
    Mileage: 82500
    Major Options: sunroof, heated seats, xenon headlights, manual transmission
    probably shows an accident on carfax - no frame damage, body panel was replaced.

    Thanks!
  • cccompsoncccompson Member Posts: 2,382
    The poster indicated they're at HIGH 12s. That's the most I'd pay for one PP and it would have to be nice indeed at that price point. It is almost always worthwhile to pay a little extra for a one owner vehicle.
  • cccompsoncccompson Member Posts: 2,382
    It's worth about fifty bucks on trade. Stick it on craigslist for a couple of grand.
  • hsudoghsudog Member Posts: 29
    vmax - thanks again.

    Just got $15k on the trade. Other side of deal was '06 Lexus RX400h w/42k miles for $28k. RX in pristine condition - total OTD of $14.k plus trade, after sales tax, misc stuff they itemize, etc.

    2nd car bought in the last week, and was able to walk away happy and give business to two different car dealers - thanks to you guys on this forum.

    hsudog
  • hydeanglehydeangle Member Posts: 2
    Hey all,

    Looking for an estimate on what I can expect at trade in for a:

    2002 Hyundai Santa Fe
    Trim: LX
    Driveline: AWD
    Miles: 102000
    Exterior Color: Black
    Interior Color: Grey Leather
    Condition: average to good

    Thank you so much for the help.
  • qbrozenqbrozen Member Posts: 33,736
    whoops. High 12s. I misread.
    $2k over trade is more than I would pay private party, personally.

    '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

  • fufujuicefufujuice Member Posts: 3
    Please help with trade-in value:

    Location: Portland, OR
    Year/Make/Model: 1999 Chevy Tracker
    Body Style: 2 Door
    Engine: 2.0 liter, 4 cylinder, auto
    Driveline: 4WD
    Mileage: 109,000
    Major Options: Flip-up roof, A/C, CD
    Condition: Good condition except that key sometimes gets stuck in the ignition, accident in '93 with damage to driver side which was professionally repaired. Regular maintenance but not all records kept.

    Thanks for any help!
  • volvomaxvolvomax Member Posts: 5,238
    Unmolested, the car would be worth $7-8,000
    With a bad Carfax, $6-7,000
    Add a couple grand for Private Party.
  • volvomaxvolvomax Member Posts: 5,238
    Figure @ $3000
  • volvomaxvolvomax Member Posts: 5,238
    Sounds like a $1000 car.
    Put it on Craigslist.
  • wachenwachen Member Posts: 4
    Hi,
    I am looking at buying a CPO ML350. Trying to see approximately how much wiggle room I have on pricing. So, a trade-in value would (I hope) give me some ideas. The dealer is asking $33,900. So,
    Thanks

    Location: San Francisco Bay Area
    2006 Mercedes Benz ML350
    SUV
    3.5 L V6, Automatic
    All Wheel Drive
    24,000 miles
    Exterior Color: Alpine Rain
    Interior Color: Saddle
    Major Options:
    Navigation
    Power Lift Gate
    Parktronics
    Condition: excellent.

    Clean CarFax, but there is one entry of :
    "Airbag system checked
    Engine/powertrain computer/module checked "
  • delthekingdeltheking Member Posts: 1,152
    My guesstimate-- trade in around 22k..So CPO price of 33,900 is way over,I feel.
    Vovlomax can give you the most accurate estimate..
  • dogsonboarddogsonboard Member Posts: 23
    Didn't pull the trigger and trade / sell this one in January; will likely do so within next month (for an 09 Prius) -- any change in its $10K+ trade-value?

    Seattle, WA
    2004 Infiniti i35, 4dr
    Only owner
    4dr, 6 cyl, automatic
    FWD
    52,000 miles
    Silver outside, black leather inside
    Heated seats, alloy wheels, sunroof -- NO nav
    Excellent condition in and out
    Tires 50% worn
    No accidents, repaints, damage
  • explorerx4explorerx4 Member Posts: 20,723
    i traded in a car and the dealer posted the carfax with their ad.
    one entry read 'instrument panel checked'. actually, it was checked and replaced.
    ask the dealer for the mercedes service history.
    you know the germans, they document everything.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
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