Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options
Comments
I've seen many cases, especially over on the Porsche forums, where guys think they can get into a luxury car for little money and are then stung by the high repair prices. If our original poster is a Volvo mechanic, well, that's a different story. In that case, the car may be the right one for him. It's hard to tell without more information.
'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
One engine problem threw a rod, and he spent $17,000 to fix the engine.
He keeps some of the broken parts in his office as a souvenir.
I guess the moral of the story is, if you want a $25k exotic, you'd better have $42 grand (or more).
Seattle, WA
2007 Toyota 4runner Sport Edition
4.0L V6
4WD
Miles: 18900
Color: Galactic Gray
Options in addition to standard equipment:
-Auto Dimming mear w/compass
-JBL 6-disc CD in dash/MP3
-Double decker cargo system
-Driver & Fr Passenger Seat side mounted air bags
-115V AC Power Point
-Garage Door Opener Homelink
-Rear Spoiler
-Daytime running lights
-Moonroof
-Tow Hitch and Ball Mount
-Carpet Floor Mats
-Exhaust Tip
-Door sill enhancements
Excellent Condition - low miles. All maintenance records performed by Toyota. No damage or insurance claims.
Thanks!
--------------------------------------
you can quess at what the dealer paid for it, but you will never have any idea. Some pay way too much at auction for 4Runners, or he might have got it real cheap on a trade in. You also won't know how much he has spend on reconditioning it.
----------------------------
that would be called depreciation. Its not unusual to loose 5k going from retail to private party or worse trade in in 6 months. Ask people who drove V8s last summer how much they lost in just 3 months with gas went over $4/gallon.
I wouldn't be scared of a 2004 and up model. The 2006 MY was the last year for that bodystyle and have been pretty reliable.
Remember that a S60 is for the most part just a shrunk S80. They use the same engine, same trans and same AWD system. The XC70 and V70 all share platforms and much of their components with the S80 and S60.
I would take a swing offering him 9,500 bucks see what happens. My gut is that on my lot that would be like a $11,900 car that I would want to let go for 10ish if I had to. Depends how long he has had it on his lot.
Its got the 5.3 V8,2wd, black on black "LT2" package with leather, sunroof, xm, bose and rear buckets. Im at about 80k miles, all the maintenance has been done along the way and its never been wrecked or anything like that. Pretty much like new inside and out. 18' wheels with 50% left on the tires. Thanks in advance!
In NJ, a 2007 S60 2.5T. 30K on the clock, at a non-Volvo (so not a CPO) car. All the usual premium stuff. Believed to be clean with no hits/runs/.errors.
what would the wholesale on one of these babys be these days?
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2005 mercury mariner-
30,000 miles6 cylinder-4wd-leather-heated seats-automatic
chicago area
Not AWD right? Does have leather and a roof?
I don't have Galves at home but I could check it when I get to work tomorrow.
25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0 / 03 Montero Ltd
so sounds like about a 19-20K car retail?
what would you be getting (transaction level) on one of these as a CPO?
should have snagged one last year, when they couldn'tgive them away at manheim.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Location:New York, NY
Year/Make/Model: 2007 Nissan Altima 2.5 SL
Body Style: 4DR
Engine: 2.5 liter, 4cylinder, CVT auto
Driveline: FWD
Mileage: 7,000 ...yeah, I don't drive much
Color: Black with black leather
Major Options: 2.5 SL so leather, sunroof, heated seats, etc.
Condition: Looks new, with a few minor scratches...car hasn't been driven too much, so not much wear and tear
Other: HOWEVER, I was involved in a fender bender, where my front bumper had to be completely replaced. It was purely cosmetic though. A claim was made with the insurance company.
Galves is showing 16,000 as the top end for that car trade in but there I don't think you could actually buy a S60 like that for 16,000 right now unless someone who is kind of clueless is trading one in. VOlvo is setting the off lease prices on the high end and they get bid up at auctions.
However, 15.8K is a good buy w/ 7K miles. I don't think you can get that cheap if you want to buy it later.
Now, here's the thing, in NJ, dealers wouldn't be budging over $15k on that car at trade time. SO... and this happens rarely, but it does happen... Galves doesn't agree with the auctions. My problem, being an NJ resident, is paying based on auction when, if I try to trade that vehicle, I'm getting pounded by the dealer. So I can't see paying more than $19k CPO in NJ.
'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
It still comes down to the fact that most of the S60s were leased and so Volvo can do a pretty good job of controlling the prices on them. Its worse on the R Model Volvos right now. Galves is a good 4,000-5,000 below what we can realistically by them for.
given that a dealer guy I know that has contacts that can CPO a volvo he gets at auction (OK< it is just buying the warranty in this case) gets $1,500 for that (at least on an R), what the heck would a realistic non-COP price be to offer?
I was thinking that 18K non-COP should be realistic, but heck, is 17 still doable?
Actually, they have a 2006 with low 40K miles for 16,995. SHould offer that price, just for the 2007!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
It really depends what they did to the car at 30,000. Being it is at a Saturn dealer they probably won't bother doing the brakes and tires as long as they are above the state minimum whatever that is in NJ. At anything near 19,000 I would expect chubby tires and pads/rotors in good condition. I wouldn't expect that at $17,000.
Or you could drive up here and I could sell you a 2006 with 35,000 for $18,500 certified. :P
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
In the coldest months, I saw 2006 models dip to about $14k or so, starting price. And since then add one more year of depreciation.
In 2006 the Sport was actually slotted above the Touring model, so that's fairly well equipped. For 2008+ the reverse is true. For 2006 that means the Sport is probably worth a grand or so more than a Touring.
Prices kept going down until around March-April or so, though that may have been related to the big incentives on new 2008s at the time.
AT is actually less appealing on a Miata, so that may help you. The AT certainly doesn't add value as it does for most cars.
42k miles is high for a Miata. These are usually 2nd cars.
CPO, though, so add value for the warranty and reconditioning. I think matching the $14k I saw last year is ambitious enough. $12-13k may not be realistic. The new ones do not have the $2500-5000 rebates that we saw in March/April 2009.
Inspect the top closely. Make sure there are no kinks or severe wrinkles. A new one will set you back a grand installed and kill any hopes of a good deal.
But, c'mon stickguy, why dance around it? You know you want the R.
'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
Not such a good idea for long commuting (as in 25K+/year)
I actually prefer the taupe/tan interior. All black (like my Accord) is just too dreary.
Not a fan of black outsides though, but in used cars, sometimes beggars can't be choosers!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Six speed manual, climate package, convenience package, SAT radio installed and 30,000 miles... :shades:
Also got a 2007 Automatic S60R without the sport body and NAV.
want to find out if you have access to galves and can check the trade-in value for 08 acura tl-s with 26500 miles. i'm in the sf. bayarea.
thanks
2003, Limited, 4WD, 68,000, Gray, Alloy Wheels, Tow Package, V6, Sun Roof, standard cd radio, heated seats, driver-side seat power. New tires, less than 3k on them. Body and paint are in good-to-great shape.
Maintained well (60K service recently done). Only major problem was a noisy front wheel bearing that I had replaced.
t'anks, all.
The car would be for my wife. She wants something that is smaller and easier to park, reliable and with decent gas mileage. It must be an automatic. While a Yaris would fit the bill (and might be what she originally thought of), I see this as an opportunity for a Miata. I'd prefer a manual of course, but the 6sp AT gets good reviews (example: Car and Driver review) and I have to believe that an auto Miata with paddle shift has to be a more fun 2nd car than any auto hatch that I can think of. Not much loss of performance vs. the stick. And our other car is a Pilot, so we already have practical people/cargo all-weather carrier covered.
Agree on miles, but they can be driven year around here in California :shades: I'm hoping that I can make something work, but am willing to wait for the right deal. Maybe they are bringing $12k in trade and can't move much more? Dunno...
25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0 / 03 Montero Ltd
If that car were in Jersey, you'd probably be looking at $26k trade-in. Dealer could wander up to $27k if it is all there.
'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
I had two MT Miatas before, and I miss it somewhat, but I do like this AT pretty much, particularly around town. It's nice also for touring - you can easily set up the transmission for an upcoming curve. It's not so good on the track - rev lock outs kick in more than you expect, and you don't have as much control. The Miata is pretty easy to park, but I frequently put the top down to get a better view of the rear end. I live in the city and am always parallel parking. I have the soft top - Juice has the PRHT with its better visibility rear window (I had a hardtop on an earlier one).
I also have a Pilot as my other car - helpful in Minnesota and in toting hockey players / gear (though I can get one hockey bag in the Miata trunk).
They're great cars for California (where I had my first). Do it, but think about the PRHT.
'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
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
PRHT prices jump up a LOT, because they only started making them in 2007, so it would have to be at least a year newer, plus they're less common and very much in demand.
Last year the cheapest one I could find was $19 grand (compared to $14 grand for an 06 soft top), and it sold before I could even test drive it.
Next lowest price on a PRHT was $20.4k. Ridiculous. May as well buy new.
I bought a new one for $22k.
If you can find a used PRHT for less than $19 grand or so it's a buy. And hurry.
25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0 / 03 Montero Ltd
2006 Acura MDX
51,000 miles
Black/Black
Good shape all around
Ohio
Miles are kinda of high (just 2k left on the B2B warranty) and again, it's a year older than when I was looking, but the price is still good.
There's just no supply, so it'll sell - fast.
I bought a 2007 Infiniti M35x with most packages except the advanced/premium tech option. High miles (63K) brought it down to 21000. Clean carfax, one owner and 5 pages of the dealer maintenance. One tiny nick in the windshield and some damage on the door seal that looks like someone tried to use a slimjim to break in. 2 hour drive to take it home. Everytime I get into the car I slide my hand across the wood inlaid dash and say "Hello lover....".
A technological tour de force but not iPod aux port. Shocking. Nav kicks the [non-permissible content removed] out of our 2006 Saab. However, the Saab handles better (slightly) than the M35X, is slightly faster in my opinion (Aero with 6 cylinder turbo), gets slightly better milage and has better heated seats. I just add this info for all the haters out there to choke on. As for the Infiniti, I have named her Kishi.
That's actually a good price, even with those miles.
'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
You can't beat Saab Aero seats there is just no way around it. Cars that are three times the price will lose out.