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Real-World Trade-In Values

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Comments

  • cccompsoncccompson Member Posts: 2,382
    No appreciable change in value since January - probably looking right at 10 or so.

    Actually, now that my graduating son is wanting my '01 I30T, I'm in the market for a replacement. If you'd consider a private party sale, kindly send me a private message (just click on my username for the address).
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    Speaking of Carfax, have you noticed their new TV commercials? They're hilarious. Car Fox? It's the same thing!

    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

  • believebelieve Member Posts: 74
    First, I didn't get the 2004 Acura RL with 65k on it that you guys helped me with. It just wasn't meant to be (sold for 12900 before I got there ).
    Second, I have my sons 2000, SR5 extended cab, Tacoma, V6, everything works, 213,000 miles, body (believe it or not) is in Excellent shape, air and windows etc all work really well, tires are 70%, black on tan. It's a 5 speed, he ran synthetic oil in it every 3k. Located in eastern pa. I'm going to have it detailed etc.....I'm just wondering acv on this truck. By the way......get this.....never had the timing belt or water pump replaced! Kids!!
    I am now considering a 2008 Mitsubishi Endeavor SE.....there is one local dealer that has one left over and is advertising it for
    $31,549MSRP
    500. off loyalty rebate
    8,094 under invoice pricing (yea, right).
    1500 trade or down payment
    = 21,499.................it has leather, 6 disc cd (Rockford Accoustic sound system, power/heated seat....again it's a SE.
    Can someone explain how they are permitted to advertise 8,094 UNDER invoice?
    :confuse:
    anyway.....what would you hit them with? Won't be long and the 2010 cars will be out.
    thanks Everyone!!!!!! you guys are the best.
  • delthekingdeltheking Member Posts: 1,152
    Mitsubishis depreciate really horribly.Once u drive of the lot,,,the thing depreciates like crazy.
    There are much better choices than the Endeavor for roughly the same price.
    Think twice before buying....Just MHO,though!!!!
  • anonymouspostsanonymousposts Member Posts: 3,802
    2004 Honda Accord EX-L sedan
    manual transmission
    Burgundy exterior/gray interior
    82,000 miles
    EX-L so it has leather, roof, alloys, keyless, climate control
    I owned it since new, someone bumped into the rear bumper at about 5,000 miles, it was repaired by the dealer. Otherwise the exterior is in good condition with a few age-appropriate scratches and dings
    Interior was spotless, no stains, no rips, non-smoker
  • delthekingdeltheking Member Posts: 1,152
    How much did u get???
  • grj0034grj0034 Member Posts: 19
    Hi all,

    I'm trying to help my elderly aunt replace her Oldsmobile Intrigue that was recently totalled in an accident (fortunately my aunt came out without a scratch). She loved that car and would be the most comfortable with getting a similar replacement. I've looked at a few at the local dealers. Found one that looks great, but the dealer's asking price is in outer space. It's a Honda dealer and they're asking $6,495.
    I can't imagine they have more than $2,800 in this car. Kelly Blue Book retail, itself often an absurdly high number, says dealer retail is $4825.

    Here's the details:
    1999 Olds Intrigue GL Sedan
    Maroon w/tan interior
    3.5 V6 engine
    75,000 miles
    Options: Leather, sunroof, p/seats, CD player.
    New tires.
    Carfax says it's a local 1-owner car with no accidents.
    Overall very good condition - no major dings/scratches. Looks garage kept.
    Located in PA

    What do you guys think a realistic selling price for this car should be, and what do you think they might have in it? It seems like a good car, but I don't want my aunt to get ripped off.
  • delthekingdeltheking Member Posts: 1,152
    Trade in for this is probably around 1500.So 6495 is way too crazy!!!
    3000-3300 would be a good deal!!
    Just MHO.
  • believebelieve Member Posts: 74
    I forgot to add the the tacoma is a 4x4....everything works.
    thanks
  • anonymouspostsanonymousposts Member Posts: 3,802
    $8000
  • fezginfezgin Member Posts: 17
    Location: Irvine,Ca
    Year/Make/Model: 2000 323i
    Body Style: 4dr
    Engine: 2.5 liter 6 cyl Auto
    Mileage: 122,000
    Color: White on tan
    Major Options: Base Model
    Condition:
    Good interior/exterior for its age.
    $4600 repair 2 years ago due to rear damage.
    Hood repainted.
    There is a problem with the central lock. Doesn t open the doors sometimes (even from inside)
    Serviced in the local mechanic
    New brakes / Needs rear tires.
    Clean title

    Thanks in advance.
  • delthekingdeltheking Member Posts: 1,152
    Trade in b`cos of the repair would be around 6000.So u did good,,I think.
  • believebelieve Member Posts: 74
    Just need one more quote.

    2006 RTS Light blue, Eastern PA, 40000 miles, needs 4 tires. What would the trade number be and a fair price >?
    Thanks everyone....also thanks for the info on the Mitsubishi. I didn't realize they were that bad on holding value.
  • ateixeiraateixeira Member Posts: 72,587
    If it's really just $21.5k that's such a low price that the residual value almost doesn't matter.

    You're buying a mid-size SUV at a compact SUV price.

    I test drove one a while back. Not a fan of the interior, and it should offer a 3rd row, but at least the engine was nice and torquey.

    Is it really $21.5k, or is it:

    21499
    plus freight
    plus processing fee
    plus the pin striping we already put on
    plus undercoating
    etc.
    real price $24 grand.
  • delthekingdeltheking Member Posts: 1,152
    Hi,I have a question.
    I could not find any pricing info on the original poster`s 06 Ridgeline.
    So is 24k a trade in value or retail value??
    Thanks
  • jipsterjipster Member Posts: 6,296
    I paid $6,500 for a similar 1999 Buick Regal LS at a dealership... back in March of 2004 that is. Excellent shape, leather, 3.8 V6, p/seats, 55k miles.

    The sales people here always tell me don't worry about how much a dealership has in a car, worry about its market value. So, however much you think it is worth, I wouldn't go over. Looks to be around $3,200 to me though.
    2021 Honda Passport EX-L, 2020 Honda Accord EX-L, 2011 Hyundai Veracruz, 2010 Mercury Milan Premiere.
  • volvomaxvolvomax Member Posts: 5,238
    These cars are going for $23-24k at the auction. Figure $2000 in recon and $1500 for the warranty, cost is gonna be in the $27k range.
    So, $33900 is full retail. Should be able to buy the car in the $29's easy.
  • volvomaxvolvomax Member Posts: 5,238
    Given it's history, I'm thinking $2-3,000.
  • believebelieve Member Posts: 74
    Hi Deltheking,
    A little confusion here. I requested a quote on a 2008 NEW Mitsubishi and you stated that they have a horrible resale value.....more or less. SO I didn't persue the deal.
    I then was doing more research on what to buy for my wife and I and came across a just traded 2006 Honda Ridgeline RTS with 40k on it (just needs tires).
    What do you feel the hard money would be in this truck? I'm guessing, 14,500 to 15,000.......but I don't deal in cars the way you guys do every day....so I'm at your command.
    Thanks.....Ed
  • jipsterjipster Member Posts: 6,296
    I requested a quote on a 2008 NEW Mitsubishi and you stated that they have a horrible resale value.....more or less. SO I didn't persue the deal.

    I wouldn't let poor resale value influence what car I bought. Resale value should be low on your priority list. If a Mitsubishi is what you want then you should buy one. You'll pay a lot less for a Mitsubishi anyhow, which will negate most of the resale value loss compared to say a Honda or Toyota . Keep the car for 6 or 7years and resale value won't matter at all.
    2021 Honda Passport EX-L, 2020 Honda Accord EX-L, 2011 Hyundai Veracruz, 2010 Mercury Milan Premiere.
  • lemmerlemmer Member Posts: 2,689
    2002 BMW 525i sedan in Birmingham, AL
    2.5L I6 automatic
    98K miles
    white outside, tan leather inside
    no sports package, has a sunroof
    good condition inside and out, no paintwork
    maintenance up to date
  • volvomaxvolvomax Member Posts: 5,238
    I'm thinking $5-6,000 on trade.
  • lemmerlemmer Member Posts: 2,689
    Wow, lower than I thought.

    My Chrysler/Jeep/Dodge dealer is offering it at $9,495. "REDUCED!"

    How much does he need to keep reducing?
  • volvomaxvolvomax Member Posts: 5,238
    Well, you don't know how long he's had the car or what kind of recon he's done.

    I think $8,000 would be fine for a dealer price.
  • brashmanbrashman Member Posts: 10
    Looking for a trade-in estimate for the following. Thanks!

    Location: Dallas, TX
    Year/Make/Model: 2006 BMW 330i
    Body Style: 4dr Sedan
    Engine: 3.0L 6-cyl 6sp Manual
    Driveline: RWD
    Mileage:23,300
    Color: Sparkling Graphite Metallic/Black Leather/Walnut Wood
    Major Options: Sport Pkg, Premium Pkg, Cold Weather Pkg, Active Steering, Reverse Sensors, Pre-wire for Satellite Radio
    Condition:
    Exterior in extremely good condition, just a few minor blemishes. No dents
    Tires - Just purchased new tires 750 miles ago
    Brakes - Excellent condition, checked 2 weeks ago.
    Maintenance - All maintenance performed by a BMW center, have records
    Other: Repainted lower portion of front skirt to remove parking curb scrapes.
  • volvomaxvolvomax Member Posts: 5,238
    Figure trade in @ $22,000
  • anonymouspostsanonymousposts Member Posts: 3,802
    Where were you a week ago when I wanted a manual silver or gray sport package with the manual transmission .....

    That sounds like the car I was looking for but couldn't find. Oh well.
  • fezginfezgin Member Posts: 17
    Thanks Volvomax. Forgot to mention that transmission is acting weird sometimes... I put it on the Craigslist for $5k with full disclosure of the issues. Noone can notice anything with a single test drive, though. Let's see what happens...
  • kinsalekinsale Member Posts: 33
    How much should I offer on a 2006 Acura MDX w/navi
    29k miles
    Not certified.
    Condition is what it should be for 2006 with those miles.

    Dealer wants $22k

    I'm looking for a 2006 Luxury Suv for $20k (prefer with Navi) with miles less than 30k. Possible?
  • brashmanbrashman Member Posts: 10
    Thanks for the info. I appreciate it.
  • volvomaxvolvomax Member Posts: 5,238
    I'd take that car at $22,000.
    Thats real close to what those cars are doing at auction right now.
    Lux SUV prices have been going up at the auctions,not down.
  • qbrozenqbrozen Member Posts: 33,735
    I'm looking for a 2006 Luxury Suv for $20k (prefer with Navi) with miles less than 30k. Possible?

    Depends on what you definition of Luxury is.

    Volvomax would know better, but I think you might be able to get an XC90 to fit the bill.

    Another alternative is the Chrysler Pacifica. You may be surprised at how luxurious it feels when all loaded up. And that should be well below your pricepoint.

    '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

  • delthekingdeltheking Member Posts: 1,152
    Pacifica has got horrible reliability ratings and I think is being discontinued.And it doesn`t fit into the Luxury brand ;) .It is a loaded Chrysler. :lemon:
    If Luxury means the brand/make name then I think Lexus RX 330 is the best choice.Maybe 05 model with about 40miles,,but its reliability is bullet proof ,good resale value,exceptional quality and a very comfy,plushy ride!! :shades:
  • qbrozenqbrozen Member Posts: 33,735
    Pac already was discontinued.
    And I did qualify by saying it depends on how you define luxury. If its by name only, then no, it doesn't qualify.

    '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
    Volvomax would know better, but I think you might be able to get an XC90 to fit the bill.

    No chance. Not if it has decent miles and equipment.
  • wachenwachen Member Posts: 4
    Thanks. the info is very useful. I am also looking at at 2007 ML350. Here are the specs:

    Location: San Francisco Bay Area
    2007 Mercedes Benz ML350
    SUV
    3.5 L V6, Automatic
    All Wheel Drive
    23,000 miles
    Exterior Color: White
    Interior Color: Saddle
    Major Options:
    Navigation
    Airmatics suspension
    Power Lift Gate
    Backup camera
    Condition: excellent.

    I was wondering how much 1 model year newer and plus the rare option of air suspension would prop up the price, as compared to the 2006 I posted before.

    The dealer kept on stressing that it is a very rare option.

    Thanks
  • fezginfezgin Member Posts: 17
    Sold for $4400 cash. Wow it was very quick!! I bought it for $12K three years ago when it had 85K miles on it. I did not spend anything for repairs but seems like it costed me more than I anticipated.
  • volvomaxvolvomax Member Posts: 5,238
    Looks like wholesale is @ $27,000

    No add for the air suspension in the book. Unless it was part of a package.
  • wachenwachen Member Posts: 4
    yes, it was part of a package.
    Premium Package 3
  • kinsalekinsale Member Posts: 33
    Thanks, I'm seeing the regular MDX go for $20k but as soon as you add navi or RES they want $22-23k.
    I want to stick to my $20k budget but it's hard. CPO are typically 2-3k out of my range.
  • qbrozenqbrozen Member Posts: 33,735
    Huh. Well, good news for me, then. Guess my '05 has recovered a bit. ;)

    '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

  • bvdj84bvdj84 Member Posts: 1,724
    Hello!
    update:
    I want to trade my 08 Pontiac G6 sedan, 4cyl 15,000miles
    Salsa red
    Leather
    roof,
    htd sts
    power sts
    remote start

    My trade value is $13,000 Suggested retail $16,000

    Pay off: $20,608

    Am I totally stuck with this car?? Based on the numbers, it doesn't look too good.

    What options have you all tried before that has worked? I really want out!!
    That has to be a way... people trade all the time.

    Any information you all can provide me, I appreciate it! :shades:
  • robbiegrobbieg Member Posts: 350
    Try bringing a big, big stack of bills. If that isn't possible, then you are stuck for a bit. At one point you used to be able to roll some negative equity into a new car but I am not sure that is possible anymore. One of the dealers here can give you a better answer.
  • volvomaxvolvomax Member Posts: 5,238
    First of all, whoever is giving you $13,000(if its real $$ and not an allowance) stepped on their willie. that is a $10,000 car TOPS.
    What options have you all tried before that has worked? I really want out!!
    That has to be a way... people trade all the time.


    People used to trade all the time. Banks are cracking down on financing inequity.
    Unless you have several thousand to put down, or can buy something with a ton of rebate $$ you are probably stuck.
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    and getting out of a lease way early will almost ALWAYS kill you. Look on the bright side - at least when the lease is up you can walk away and not worry about the low resale value.

    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

  • delthekingdeltheking Member Posts: 1,152
    Believe,, if you want to keep your car for 6 or more years ,then resale is not that big an issue.
    But if you want to trade in 2 or 3 years down the line,,then resale is very crucial.Also,if for some reason,a year or 2 later,,you don`t like the car [ a problem I had with my 07 Honda odyssey] and want to trade in,,then it is a huge factor.I was really happy at that time even though I did not like the Odyssey b`cos its`s resale value was terrific!!

    And actually,,by the way,,,I don't deal with cars everyday. :shades: Infact my profession is totally unrelated to cars .I am in the health care field and folks in my field have very little clue about cars. ;) It is either a Toyota/Honda or Lexus/BMW for them.That`s it,,no other choice..Simple ,safe,emotion free choice,I guess.

    Just that cars have been a childhood hobby.
    And we have a guy who has to come daily for 1 hour for his therapy.He was an automotive engineer,retired now.But those old folks :shades: in his area get together on the weekends and keep their knowledge on all car related topics uptodate and in turn he keeps me uptodate!!!

    I had no choice,I guess ;) ,,I am stuck with him for 1 whole long hour daily during his therapy.And the only common topic for us is cars.Absolutely,,no other topic.He mentioned Edmunds to me and since then I have been addicted to it I guess ;)
    Our discussions daily with his esteemed know-how about cars help me to keep up with Edmunds uptodate !!!!

    Also edmunds is one of the more interesting sites out there..Like real time entertainment ,,what with all those crazy sales stories , dealer mishaps , debates , arguments,fiascos etc etc!!

    And I have to ask you -- How come you decided to go from a small fuel thrifty Mitsu sedan to a huge gas guzzling Honda Truck...Big change there!!!!
  • bvdj84bvdj84 Member Posts: 1,724
    Thank you guys, pretty much everything I knew already... I have leased before. BUT, NEVER a GM, so this is a big punch :mad: in the face. I will NOT ever go back to a GM product after this. My family has never driven a GM. Its not that we are acting too good for them or above them, but it is all the crap that comes along with GM. It was not my choice to get the car in the first place(long story) Its not a bad car, but the engine itself sucks!!! To top it off, I think the transmission is going out in it or something is a bit off. I hate the engine! It has acted weird ever since I bought it, I just thought it was different than my 06 4cyl engine I had. Its actually getting a bit worse.

    The whole thing makes me sad, because I never wanted it, I want my Honda back!
    It'll even out sometime, I will get out, I will not keep it the whole lease.
  • bvdj84bvdj84 Member Posts: 1,724
    If there was a truck that was decent at gas mileage, engine and value, it would be the Honda Ridgeline. I would prefer it over any other truck.

    But, yes there will be a contrast in mileage when moving to the truck. But, will certainly be a better value than most. Honda does not have to put a V8 in a car or truck for it to be strong. That is when you know its being built right. Something GM cannot even strive to do. My 4cyl G6, might as well be a 3cyl lawn mower. My past 06 Accord 4cyl would blow any G6 4cyl off the road!!! My mothers 08 Jetta with 2.5cyl in it would again knock the G6 off the road. I just cannot put my finger on why GM has not been able to produce a strong efficient engine similar to a Honda or VW.
    Garbage!
  • woodywwwoodyww Member Posts: 1,806
    BUT, NEVER a GM, so this is a big punch in the face. I will NOT ever go back to a GM product after this.....Its not a bad car, but the engine itself sucks!!

    Were you here a few months ago wanting to get out of the G6 lease? I learned about buying GM cars in 1979 when I bought one of their cars with the infamous 'sploding Olds "Diesel engines". Lost my shirt, & had to keep it for 4 years because of weird financing (+ the drastic depreciation). Amazing that GM took another 30 years to go bankrupt.

    My 2 cents: just drive the stupid car until until lease end--"It's only transportation". Way worse things to worry about than leasing a car you don't like!.......not worth so much angst.....
  • bvdj84bvdj84 Member Posts: 1,724
    lol, yeah, you are right. Thanks. Its so true too.
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