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Real-World Trade-In Values

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Comments

  • jayriderjayrider Member Posts: 3,602
    You can buy a brand new camry or accord for 19-21k with automatic. You can buy 09 accord lx all day for 19200. Well equipped with air auto cruise. You might be able to do better if you worked at it.A new camry or accord at 19k would appear to be a better bet than a used passat/volvo at 17k.
  • Sandman6472Sandman6472 Member Posts: 7,218
    I second that emotion!

    The Sandman :sick: :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)

  • breldbreld Member Posts: 6,918
    My MIL is looking for a second car just to drive around town to keep miles off her main driver. She's taken a liking to a one-owner 1993 Volvo 940 sedan offered by a local dealer. It has 135,000 miles on it and is in fair condition - mechanically it seems good, cosmetically is what you'd expect from a 16 year old car.

    She offered, and they accepted, $3,000 for the car and she may go in the morning to close the deal.

    My main question, for Volvomax, is if there are any pitfalls to be aware of with these older Volvos. It'll be used to cart around grandkids, so I'd hate for her to get into something that could be a maintenance nightmare.

    Thanks!

    2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman

  • jayriderjayrider Member Posts: 3,602
    Let's see-- a 16 year old eurosedan with 135k miles. Not much chance of a problem there. ;) Of course, the safety factor of having your children and grandma tooling around in such a beast scares me and I don't even know you. I suppose the volvo was state of the art in safety in 1993 but that pales in comparison with current models. Good luck.
  • qbrozenqbrozen Member Posts: 33,736
    A new camry or accord at 19k would appear to be a better bet than a used passat/volvo at 17k.

    Believe it or not, there are SOME people in this world who DON'T WANT a Camcord. And probably why he didn't ask about those.

    The man obviously likes 2 cars and has asked which is more reliable. And I'm with him. They are both more appealing choices than a new Camcord.

    '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

  • jayriderjayrider Member Posts: 3,602
    My mistake -- but it took me less than 2 minutes to find an 08 passat with 9200 miles posted for $17999 or BEST offer. There are hundreds more on car search engines --- sounds like a better deal than the one in the post.You can use your research to get an even better price on the 30k passat if you really like it. Get busy -- you can do much better if you put some time into it. The vw reliability isn't great but there are more dealers for service and vw has improved measurably the last few years.
  • icedog97icedog97 Member Posts: 141
    I was curious why the new model XL7s ('07 forward) have such terrible resale values.

    We had a 2005 Equinox LT (FWD) on a lease. Over the 3 years that we had the car, we had one small problem with an electrical relay. Other than that, we really liked it - except it didn't have 3rd row seating.

    I hear the XL7 is built on the same base platform (well was..not sure about the 2010 models) as the Equinox we had - and offers 3rd row seating. I am guessing, based on reviews and comments that the ride is very similar to the Equinox, if not a little better handling because they do NOT use electronic steering.

    So, what's the deal with the poor resale?

    Were they just too highly priced to start? Are there lots of problems I have not read about? Is it just the brand name?

    I see 2008's with leather, roof, awd, 20-25,000 miles (so another 10-15K on the main warranty and another 80-85K on the power train) selling in the $17-18K range.

    That seems like a decent deal and then you read dealers only offering $10,000 for 2007 models!!!

    Ok...can anybody shed any light on this?
  • jayriderjayrider Member Posts: 3,602
    Service and parts issues. Long waits for some components. Decent transportation if you get one at a low enough price.
  • sanjaysdcasanjaysdca Member Posts: 269
    neither... for that much money I will look at

    New Cars
    Camry,
    Accord,
    base Audi A3 (Audi is pushing it little... sells for 25K)
    Hyundai Azera
    Nissan Altima

    These are all new and come with warranty and if you buy NEW CAR this year you get tax deduction also.

    If didn't want "appliance-car" then I would look at used certified Infiniti G35/G37..Found bunch of them on autotrader.com...

    As someone already mentioned the cost of passat/Volvo are out of line

    You need to do your homework... else you will have to pay for your laziness
  • qbrozenqbrozen Member Posts: 33,736
    You need to do your homework... else you will have to pay for your laziness

    Wow! So someone has different taste in cars than you and they are lazy??

    Once again, the poster did not ask what YOU would buy. I thought the poster's question was pretty simple. I'm confused why others didn't understand it.

    '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

  • sanjaysdcasanjaysdca Member Posts: 269
    my mistake if I came out strong...

    But as post in 38348 above jay found

    2008 Passat with 9200 miles listed for 17999...way better deal...

    Shows that more homework is needed to buy passat or VW or any other car for that matter. Else you will pay for not doing research.
  • ateixeiraateixeira Member Posts: 72,587
    We went to the auto show last year and my wife kinda liked those.

    Suzuki's 7/100 warranty is fully transferable, too, something you can't say about Hyundai and Kia. That makes the low resale a bit surprising, since the 2nd buyers keeps the full warranty.

    Then again, it's basically a GM platform, though I think the 252hp engine is unique to Suzuki - or is it GM's 3.6l from the CTS sans direct injection?

    My qualm with those was that the price climbed quickly as you added options. In 07 an AWD Limited broke $30 grand base price, even without options.

    I bet those went out the door for 20% off list prices, though, so maybe resale's not so bad after all, if you paid $24k for a loaded one.
  • qbrozenqbrozen Member Posts: 33,736
    This valuation was a little while ago, but I've been pondering it since. I decided I may get serious about it, and since Jersey dealers live and dies by Galves, I upped my subscription.

    $14-15k on the Infiniti.

    Damn. See, this is where the Jersey rules can bite you in the [non-permissible content removed]. The auctions may prove $14-$15k to be correct, but, unfortunately, Galves says $12k-$13k on my G.

    So it appears as though I won't be trading this in after all.

    HOWEVER, interestingly enough ...
    @ $14k on the Volvo

    At the other end of the equation, Galves pegs our XC90 at $16k, give or take a nickel.

    Weird.

    '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

  • icedog97icedog97 Member Posts: 141
    From what it says in the Edmunds review of the '08...it's a GM designed engine, built by Suzuki in Japan.

    If you look at a profile of the XL7 and overlay it on an Equinox/Torrent, you will quickly see that the general shape is almost exactly the same...especially the windows...with the XL7 having a slightly longer and more "boxed" butt end (for the 3rd row option).

    It sounds like a $30K price tag (new), if that's what some paid, would be silly for these.

    But then again, paying $40+K for an Acura MDX, is silly to me too.

    I actually met a car salesman the other day...used cars...and he said...quote...
    "Buying a car is a terrible investment. New, used, it doesn't matter. They all lose so much money it's awful. You would never buy anything else that lost as much value as a car does."

    Good selling tactic...I wanted to buy a car from him that day...but...he had nothing I wanted to squabble over... ;)
  • qbrozenqbrozen Member Posts: 33,736
    "Buying a car is a terrible investment."

    Well, there is his mistake right there. Buying a car is not an investment at all, terrible or otherwise. Its an expense ...

    well ... unless you are speculating on a classic car, anyway.

    '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
    Don't listen to Jay.

    The 940 was a dirt simple car in 1993. The Iron Block 4 cyl will live practically forever with proper maintenance. Also, that car had little in the way of the electronics that modern Volvo's have. The only real weak spot in the car is the fact that the AC wasn't all that great.
    I'd have a Volvo mechanic look the car over, if it's sound it should run for years to come.
    As for safety, I'd rather have an accident in a 940 than in a decade newer Japanese or Korean car. They were just built like tanks, the safety cages protect way better than the regulations called for.
  • volvomaxvolvomax Member Posts: 5,238
    "Buying a car is a terrible investment. New, used, it doesn't matter. They all lose so much money it's awful. You would never buy anything else that lost as much value as a car does."

    Buying a car is NEVER an investment.
    An investment is that which you part with your money in the expectation that you will have MORE money down the road. Cars never do this.(Yes, I know about collector cars,most of them never make money for the buyer either.)

    Cars are an expense. Sooner or later they are all worth the same. $0.
    All that varies is how soon that happens.
    Buy what you want to drive, understand that there is a price to be paid for doing so.
  • jayriderjayrider Member Posts: 3,602
    Didn't have any specific knowledge of the 93 volvo. Volvomax appears to endorse it so it should be ok. My feelings were more general re older euro-imports. Getting a thorough check-up would certainly be essential.One owner probably means an extensive service record.
  • askn89askn89 Member Posts: 3
    Hi,
    Im trying to get a trade in value for my 05 Expedition. Its the Eddie Bauer edition 2wd. Its Laser red over tan with a tan interior Around 68k miles. I would say its in good condition and it has almost all the options. Rear DVD system, built in navigation, heated and a/c seats, running boards, roof rack. Tires have at least 80% life left, brakes are pretty new and its been well maintained. Thanks in advance!
  • qbrozenqbrozen Member Posts: 33,736
    Location?

    '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

  • askn89askn89 Member Posts: 3
    Sorry. Houston ,Tx
  • fezginfezgin Member Posts: 17
    I am looking at this beemer at 37K miles from a private party. She listed for $16K a few weeks ago, could not sell it. I think I can get that for around $15K if you guys think it would be a good deal. It looks clean (in the pict) clean title, one owner, southern california car. What would a dealer offer for it?
  • qbrozenqbrozen Member Posts: 33,736
    You are missing too much information to give a value.
    Please see the Suggested Information at the bottom of the page.

    '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

  • fezginfezgin Member Posts: 17
    Ok - again:

    2004 BMW 325 CI - Convertible
    Grey - Leather- No Sport Package -Auto Transmission
    37180 Miles - Located in OC- California
    Interior- Exterior clean no dents or scratches
    One owner, clean title, garaged , dealer maintained
    Brakes&Tires are probably %50 worn
  • woodywwwoodyww Member Posts: 1,806
    Stick, or auto? Carfax?
  • fezginfezgin Member Posts: 17
    Clean Carfax- Auto Transmission
  • volvomaxvolvomax Member Posts: 5,238
    I'd say @ $12,000
  • volvomaxvolvomax Member Posts: 5,238
    Sounds like a nice car. Wholesale is @ $15,000 so if you can get it for that go for it.
  • ateixeiraateixeira Member Posts: 72,587
    Make sure to inspect the top condition closely. Those can cost a pretty penny, and turn a bargain in a bad deal. Check for wrinkles and early signs of cracks. Check the seals around the windows and smell inside - if you smell water, bail.
  • fezginfezgin Member Posts: 17
    Thanks volvomax&ateixeira, I will report back if i end up buying it...
  • biker4biker4 Member Posts: 746
    22030 zip
    07 XR model
    5 MT
    44K miles
    Silver, cruise is the only option
    Avg cond - needs tires
  • volvomaxvolvomax Member Posts: 5,238
    $10,000
  • grj0034grj0034 Member Posts: 19
    Hello, I'm looking to get a estimate of trade in and reasonable private party values for my brother's wife's car. They are diehard Pontiac fans and are looking to get a new G8 before Pontiac is extinct.

    Details:
    2002 Pontiac Grand Prix GT Sedan
    3.8 V6, non-supercharged
    48,000 miles
    Silver with black leather
    Sunroof, power/heated seats, CD player, head up display, etc.
    Michelin tires have about 6,000 miles on them, brakes probably at least 50% left.
    All power accessories work.
    Located in Syracuse, NY.

    I know no used car is "excellent" but this thing is pretty darn close for a 7 year old car...I'm thinking of buying it myself from them, part of the reason why I'm asking for a value. One owner car, garaged, most maintenance records (my brother changed the oil himself every 3k), no accidents, not even a door ding, hand washed weekly. Only things it could really be faulted for are wear on the driver's seat bolsters and a few small stains on the driver's floor carpet.
  • delthekingdeltheking Member Posts: 1,152
    I would say- trade value probably 4.5k-5k and deduct about 400 for the tires.Volvomax can give you the most accurate value.
  • biker4biker4 Member Posts: 746
    Thanks - that's the number I'm working with at private sale and I thought it was still high. This vehicle must bring the stupid money at auction since Edmunds, KBB and NADA all are under 10K for trade in - Edmunds has it at 8500. The trade in number seems to have dropped about $500 since August - maybe the numbers get adjusted for a new model year (which typically come out in Sept)? Maybe most of the auction cars have more options than this car which has none?
  • explorerx4explorerx4 Member Posts: 20,723
    i think the tires have about 6k on them, not 6k left.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • ellusionz21ellusionz21 Member Posts: 59
    Location: Orlando, FL
    Year/Make/Model: 2008 Mitsubishi Lancer ES
    Body Style: 4 door
    Engine: 2.0L DOHC I4 MIVEC, automatic
    Driveline: ?
    Mileage: 40,200
    Color: Rally Red/Gray
    Major options: Sun & sound package (650 watt rockford-fosgate speakers and subwoofer, sirius satellite radio, multi cd/mp3 head unit, power sunroof, aux audio input jacks)
    Condition: Good, all maintenance work done at dealership
    Other: N/A

    I'm looking to purchase a Honda Civic in the next couple months when prices drop back down. I'm afraid of trying to sell this privately as I believe it might be difficult with so many miles on it (drive 60/day for work). I owe exactly what KBB says its worth, between 10 and 11k. Was thinking of after getting a final price on the Civic to stop by Carmax and see what they would give to have myself a base of what to compare what the dealerships might offer. Thanks for any info y'all can give me. :)
  • jayriderjayrider Member Posts: 3,602
    Never buy a used car from a relative that you have any frequent contact with.
  • delthekingdeltheking Member Posts: 1,152
    For a 1 yr car,that`s a lot of miles and it affects the trade value.
    My guesstimate would be 8k-9k,and most probably somewhere in between.
    Volvomax can give you the most accurate value.
  • robbiegrobbieg Member Posts: 350
    Paid 15,500 for the Passat. There is a big difference between 15,500 and the cost of a new Camry/Accord. VWs aren't for everyone. A typical VW buyer wants something like an Audi/BMW?Mercedes without dropping that much coin. You really can't compare a VW to a Toyota. By the way the car is still under warranty until 50,000 miles.
  • volvomaxvolvomax Member Posts: 5,238
    Figure @ $9,000
  • jayriderjayrider Member Posts: 3,602
    Comparing apples to apples -- the best price I've seen for an 09 new passat comfort is 22-23k. Paying 6-7k less for an 08 makes sense. Paying 19-20k wouldn't. Good deal.
  • amjd1amjd1 Member Posts: 9
    I am interested in trading in my '07 Honda Odyssey Touring with Rear Entertainment
    24,500 Miles
    Silver Exterior, Gray leather interior
    Excellent interior
    couble of minor scratches and two exterior dings
    50% of Tires still there
    All maintenance records and serviced at the dealer
    Dealer installed Honda hitch
    No insurance claims
    Planning to buy a 2010 Pilot
  • ateixeiraateixeira Member Posts: 72,587
    Just out of curiosity, what did you pay for it, new?
  • amjd1amjd1 Member Posts: 9
    34K + TTL- Chicago area
  • volvomaxvolvomax Member Posts: 5,238
    Figure $26-27,000
  • biker4biker4 Member Posts: 746
    Things are getting curiouser. CarFax and another source say that the car is an XR model (based on VIN) - the owner's title says it's not. Where does CarFax or anyone outside of Toyota get such info and perhaps get it wrong? Then the other question is: do dealers make trade in offers based on potentially bogus CarFax info? If a dealer saw this car and thought it was an XR model would they provide a trade in value before seeing the title which says it's not? Or, what are the chances it really is an XR model and the title is wrong?
  • delthekingdeltheking Member Posts: 1,152
    Invoice on brand new 09 Odyssey touring is 37390. And they are selling for invoice now.Just curious,how could you get 07 Odyssey touring for 34k? And the invoices over the years haven`t changed much ,maybe a couple hundred dollars.If you paid 34k,then you got a really amazing deal..Do keep us posted. :shades:
  • explorerx4explorerx4 Member Posts: 20,723
    it's probably pretty easy to tell if it an XR. i think the engine is different, the wheels and trim are probably different. It may even have an XR badge or two. :)
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • euzareuzar Member Posts: 8
    I have a 2008 Toyota Tundra DC 5.7 with the following options:

    4x4
    TRD Off Road pkg
    bedliner
    Color Nautical Blue w/blk int.
    mileage: 9,655
    location : Central, MA
    Truck is in excellent condition, and what I was intending to do with it didn't workout, so I am looking to downsize to a car. What could I realistically expect to get for it on trade in, and how much more if any could I get selling it on my own?

    Thanks
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