Real-World Trade-In Values

17737747767787791100

Comments

  • jayriderjayrider Member Posts: 3,602
    You can check trade in prices on a variety of sites. They vary some but how close to actual auction prices are most of the quotes? Auction prices reflect condition as well --below-average-above. Is there a % either way that would enable someone to get a fair estimate on the auction price by averaging several price sites like kbb-edmunds-blue book etc?
  • icedog97icedog97 Member Posts: 141
    edited June 2010
    My observation...as someone not in the business of selling cars...

    Unless you have a trade-in that is something a dealer thinks he can throw on his lot and make money on, they are almost always going to offer you very close to the latest auction price for your vehicle...at least to start...

    Of course, depending on what vehicle you are looking at...and how much the mark-up might be on that...the dealer may say he is giving you more or less for your trade.

    If you run KBB...and see your trade-in is $17K...but the dealer shows you $14 or $14.5, then it's a pretty safe bet that $14-14.5 is very close to the local auction value.

    It seems in my area, south of Pittsburgh, auction prices are typically $3K below trade-in on KBB. Black Book (I think it's called) seem to be closer to auction prices.

    At least that is what I have seen from my experiences.

    As a side note...one thing I really hate...when dealers show me a KBB for my vehicle that is LESS than what I get when I run the same KBB. Sometimes 2 or 3 options are left off...sometimes thay take the KBB numbers and throw them it into a word doc and subtract from them. I'd rather them just say..."we will only offer you the auction price"...than to try and show me KBB numbers different than what I get running a report myself. In the end, I EXPECT the dealer to make money off the deal...but don't try to take me to the cleaners...
  • ateixeiraateixeira Member Posts: 72,587
    My brother-in-law is looking for one of those. Let me know how you price it.

    The miles are very high, but that may actually not scare him off. He's pretty handy.

    It'll have to be a bargain, though, he's on a single income with a school teacher's salary. :(
  • qbrozenqbrozen Member Posts: 33,696
    I've been told (can't remember, but I think it may have been Terry) that there are 2 KBB prices. There is a paid subscription for dealers and it is lower than what we see as consumes getting a free quote. I can't confirm this, of course, just passing along what I've been told on 1 occasion.

    '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: 33,696
    sorry, but this one is beyond my capabilities with my lousy Galves subscription.

    As someone else suggested, take a look at all within a couple hundred miles of you and try to give it a best price for private sale. But if you want trade-in, you might just have to shop it around to a couple of dealers and get a feel for what they are offering. You may even want to see if a Toyota dealer would want to buy it outright.

    '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

  • kinsalekinsale Member Posts: 33
    2008 Subaru Tribeca Limited 7 pass.
    DVD/NAV
    48k miles
    Perfect condition.
    Tires new.

    Dealer is asking $28k for it. Wondering what to offer. Was wondering what it is worth?
  • jayriderjayrider Member Posts: 3,602
    They are advertising 2010 tribeca ltd's for 28k. I'm sure that is the base but it still is brand new. Used subaru's are almost always way over priced.
  • ateixeiraateixeira Member Posts: 72,587
    edited June 2010
    Just looked and right now a brand new 2010 would be 35,999 at a local no haggle dealer.

    That's 2 years+ old but the miles are high. You gotta take at least 30-40% off the new price. That's $25,200 on the high side. Price seems way high to me.

    A while ago they had bigger discounts. Now Subaru just reduced production and build and sell fewer of them. Outbacks are in short supply so they're just building more of those (on the same assembly line).

    Dealer is on crack, so don't even begin dealing at that price.
  • kinsalekinsale Member Posts: 33
    thanks guys. It's just what I expected. Way too high for a car with 48k miles on it. It seems these days it's almost not worth buying used. For example where I am in NH a 3 year old XC90 with 60k miles ia adcvertised for 28k. It;'s crazy. Once you pay 1-1.5k for a warranty you're almost better off buying new.
    I think I'll pass on it. My wife really loves the Tribecas but I don't think I could justify paying 27k for this one when she could get a fully loaded CRV/Rav4 for the same money.
  • ateixeiraateixeira Member Posts: 72,587
    edited June 2010
    Or a Forester XT Limited and a Garmin. ;)

    The Forester grew a bunch, so now most people see it as "big enough". Try one of those.

    The new Outback is also bigger.

    The Tribeca is nearly redundant. It needs to be cancelled or redone to be much bigger, with a true 3rd row (and side curtains that protect that 3rd row).
  • qbrozenqbrozen Member Posts: 33,696
    Trade-in on that Subie is about $21k-$22k. So $24k should get the deal done.

    An '07 XC90 6-cyl AWD, with premium, NAV, and DVD and a similar 48k miles is about $500 more.

    '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

  • kinsalekinsale Member Posts: 33
    If I could get the Volvo for 24.5 that would be great. They have one advertised for 27k. I should give it a go. Thanks again!
  • tbone_raretbone_rare Member Posts: 96
    KBB prices are almost always inaccurate. The retail values and the trade in values seem to always be very high. You're correct about the black book values. It shows a nice cross section of what vehicles are bringing at auctions. From a dealer's point of view, he is buying your car. That's what happens in a trade. You buy mine and I buy yours. It isn't very good business if we can buy one at auction for $3000 less that what you're asking for yours. As far as showing KBB values, I always run it with my customer present. I have no knowledge about being able to change numbers on that report. A lot of customers will print out the retail value of their vehicle. That is a pretty common mistake. Again, as a dealer, we can't give you retail value. Sometimes we can't even give you trade in value. It depends on how much profit is built into the vehicle you're looking at.

    Always look for the black book value of your trade in. That's the accurate number to find.
  • tbone_raretbone_rare Member Posts: 96
    I can't speak directly about Tribeca values but the entire used car market is high right now. I'm seeing wholesale prices that are absolutely crazy! In some cases you ARE better off buying new. I always try to present my customers the option....but a used vehicle that is in a high cycle right now....or buy a new one and use some pretty decent incentives that are in place
  • ltwlaodltwlaod Member Posts: 1
    2005 Subaru Outback Legacy XT Limited
    41k miles
    Perfect condition. Still under extended warranty.
    Color: Red
    Interior: Taupe Leather
    Located in Chicago (60601 zip)

    carmax offered $14,000. autotrader trade-in offered $14,147.

    What is the RWTIV? Thank you.
  • steine13steine13 Member Posts: 2,822
    $14 sounds great.

    Keep in mind that Autotrader "offered" nothing -- it just spit out a number.

    I don't think I'd pay that kind of money for a six-year-old car with 40k miles in a place that gets significant road salt.
    There's no such thing as "perfect" condition at that age, either.

    Is it automatic or stick? A new one can be bought for about twice the money, but you can't get a stick in the new Outback XT... but the Legacy sedan only comes with a six-speed manual. If your is a stick, you may run into someone who's looking for just that car, but it'd be a bit of a crap shoot.

    Others may have more "real" information, but I'd take the $14.

    Cheers,
    -Mathias
  • qbrozenqbrozen Member Posts: 33,696
    $14k is right on the money for a nice one with auto trans in the northeast.

    '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

  • brando124brando124 Member Posts: 4
    Can you please help me? I have an Audi A6 3.0 Liter FWD. 2003, 83k, ming blue w/ pearl effect. moon roof, leather interior, power locks, windows, auto w/ sports shifter. tires are one year old, minor wear
    (25%). brakes replaced last year as well w/ warranty.
    no claims since i've taken ownership.

    front bumper has scratches that could need fixed up i have to assume this could be about $500.
    no repaints. The major issue comes now. The transmission has just gone out. My question - is it worth fixing? how much does this depreciate the vehicle. this car seems to have a plethora of issues (brakes have needed to be replaced twice since i bought it (i've put only 40k miles on this car in three plus years) from a repair perspective. what is the current market value for this car.

    is it worth fixing or do i sell it and/or trade it in and cut my losses?
    columbus ohio is the metro area.
  • jayriderjayrider Member Posts: 3,602
    If it drives you might consider trading it. If it doesn't, there are any number of charities that will haul it away and give you a tax write-off when they dispose of it. You might do a search for a used tranny at junkyards [ plenty of chevys-very few audis] and calculate the install cost. My guess is that you have a parts car depending on the body and interior. Could be a project car in Europe -- not so much in Ohio.
  • qbrozenqbrozen Member Posts: 33,696
    There is a pretty important detail missing .... what year is the car??

    '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

  • corvettecorvette Member Posts: 11,190
    2003, from his post.
  • qbrozenqbrozen Member Posts: 33,696
    ah. thanks. guess the placement threw me off.

    '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: 33,696
    Ok. Well, trade-in value is about $4500... IF the tranny was OK. So, as it sits, its worth maybe $500?

    Donating it was a good suggestion.

    '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

  • explorerx4explorerx4 Member Posts: 20,580
    how much is a transmission installed? 5 figures at least?
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • steine13steine13 Member Posts: 2,822
    Well, come on, we're talking about Audi here, not Vlad the Impaler.

    An installed transmission at the dealer isn't going to run $10k.. but probably $4+.

    I might do it if it were my car... except I'd find a *good* indie repair shop that knows Audis... Go ahead, read the comments people make about their cars on the used-car pages of edmunds... Ppl LOVE these cars. But every 5th or so owner is totally turned off because of reliability and expensive repair issues.

    A friend of mine talked to a lady who worked for Audi's call center.... she said 85% of complaints came from people who stretched their finances to buy an A4, then had trouble keeping it maintained. Audi simply priced them too cheap and buyers though they could buy an A4 or a Camry XLE... big difference.

    Note to Americans: Changing a blown head gasket is considered "maintenance" in the Fatherland.

    But these cars have serious cachet... if the transmission can be repaired -- much better than replacing -- for $3 or less, I'd do it and then decide if i want to sell it.

    German car manufacturers are still in business because nobody in Germany buys Corollas and Camrys...

    Cheers -m
  • bvdj84bvdj84 Member Posts: 1,724
    Hello,

    I lease an 2008 G6 sedan. Loaded with leather and everything, except for the V6.
    I have 33,000 miles on it. I am allowed to have 39,000 NEXT July at lease end. Now, I drive a minimum of 1,000miles per month. I am taking a FL trip soon and will be another 2,000miles on it. So I will really be pushing the limits of my mileage!! I know, I know....I wasn't expecting to drive this much this time around on a 39mth lease with 12k a year. Next time, I will use a 15k lease.

    Question of the day: Should I go over my miles and wait until closer to lease end OR try to trade out of it this fall early winter? The longer I wait, the better the pay off, but then you start eating into that with overage!

    Apparently, trade in value on my car is $10,000 right now. When I checked with my dealer for trading it in back in the Spring, it was too bad, so I am getting better, but what would you do? Trade it sooner or let it go over and eat that later. Either way it will hurt me some, but which will hurt less?

    I will not be going back to another GM lease, so I am hoping to walk away with minimal issues..lol.

    Any suggestions are very much welcomed!! :)
  • lemmerlemmer Member Posts: 2,689
    Rebuilt transmissions are around $2K on car-part.com. Used ones in working order with a 90 day warranty can be had for $600. I have no idea what it costs to have one put in.

    I'd be tempted to put it on eBay with no reserve. It might bring close to $2K.
  • corvettecorvette Member Posts: 11,190
    I don't think the A4 is underpriced, and I'd suspect that due to the large percentage of leases, the car is on its second or third owner by the time serious repair issues crop up.
  • corvettecorvette Member Posts: 11,190
    You need to either start saving for the over-mileage charge you will have to pay (I'm guessing $2,000 or so), or buy a beater to drive and keep the miles off the leased car. You generally can't cost-effectively trade out of a lease.
  • qbrozenqbrozen Member Posts: 33,696
    Well, at 1k miles per month, you will be 6k over. At 15 cents per mile, that's $900. Not too bad.

    However, putting on a 2000 mile trip is another $300. You may want to look into an unlimited mileage rental for this trip. It would probably be cheaper.

    '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

  • rayainswrayainsw Member Posts: 3,192
    "I am taking a FL trip soon and will be another 2,000miles on it."

    One other option might be to rent a car
    [ with unlimited mileage ]
    for the FL trip...
    A week rental around here [ ATL ] for something reasonable
    [ not the cheapest deal ] is around $250 w/fees.
    About $0.12.5 per mile if you drive 2,000 miles...
    What is your over miles charge rate?
    - Ray
    Just a thought........
    2022 X3 M40i
  • kyfdxkyfdx Moderator Posts: 263,363
    Yup... I just rented a car from Alamo for 9 days... for $182... all taxes and fees included...

    1500 mile trip... I think I came out ahead...

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • explorerx4explorerx4 Member Posts: 20,580
    i remember reading in a car magazine years ago, that the trans in their long term audi needed to be replaced and it cost 15k.
    after looking around, they have come down quite a bit in price for the newer models to the around the level you posted.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • bvdj84bvdj84 Member Posts: 1,724
    I think at this point, I need to allow my pay off to become lower and wait a bit longer. I did figure the overage fees and I see it being fairly reasonable. I do not plan to lease another GM, so a bit closer to my lease end date and closer to my mileage of 39,000 I will get out. I figured going over a bit on mileage is cheaper than taking a hit on pay off and depreciation.

    You all made good points. Yes, I could get a rental car. We still might.
    Next time, I'll get more mileage allowed on my lease.
  • jayriderjayrider Member Posts: 3,602
    That was a great renta car deal! Did you get upgraded the the Grand Marquis ? Rented one in Florida and developed a craving for marshmallows. Kept a bag of them handy throughout the trip. The car was fine--gained 3 pounds.
  • fezofezo Member Posts: 10,386
    Heck of a deal. How did you pull that off?
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • kyfdxkyfdx Moderator Posts: 263,363
    I've rented from Alamo and National over the last couple of years, and I get weekly e-mails on specials..

    I just went on-line and put in the numbers.. Always look for a weekly or weekend coupon on the website...

    National was about $100 higher, but that was with my corporate rate that allows for extra drivers, etc....

    A couple of keys... keeping the car over a Saturday night generally results in much lower rates... You can rent a car from Saturday through the next Sunday at a better rate than Monday through Friday... Of course, if you are flying in somewhere, that may not work... but if you are renting from your home area, then check all the possible combinations..

    I reserved a large car through Alamo...When I got there, none were parked in the large car lane, so the agent told me to go the National Emerald Aisle, and pick out any that I wanted... The Emerald Aisle is mostly mid-sized, but there was a Ford Explorer there, and I grabbed it (really needed the room). When I returned my car the next weekend, I noticed a couple of Grand Cherokees and a Chrysler minivan in the same aisle..

    Final bill: $182.75.. I always decline every extra... when renting/returning to an airport location, I've never been hit with an extra fee..

    Bonus: Not having to clean off pine tree sap, or vacuum sand out of the vehicle... :)

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • smallcarsmallcar Member Posts: 39
    Location: Philadelphia 
    2004 Subaru Forester XS
    Engine: 4 cylinder, manual
    Driveline: AWD
    Mileage: 45000
    Color: Black/grey int.
    Major Options: auto dim mirror, 6cd changer(standard on XS?)
    Condition:
      Clean and great condition
      Tires - new
      Brakes - 20%
      Maintenance: all maintenance done at the dealer and up to date

    Can I get trade in and private party value?  Thanks!
  • qbrozenqbrozen Member Posts: 33,696
    Trade in is going to be about $8k-$8500.
    Private party? Fair number will be right around $10k. So maybe start by asking $10,995.

    '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

  • ateixeiraateixeira Member Posts: 72,587
    They're easy to sell privately. I sold mine quickly to the 1st person who test drove it.
  • tommister2tommister2 Member Posts: 393
    I have a 2007 Honda Odyssey EX, 34k miles (just the regular old EX model, cloth interior). I'm in Virginia. What the expected trade in value? Thanks.
    2011 Toyota Camry, 2014 Jeep Wrangler, 2017 Honda Civic Coupe, 2019 Toyota Rav4 Hybrid XSE, 2021 Toyota Tundra, 2022 Toyota 4Runner, 2022 Tesla Model 3
  • foundationcarsfoundationcars Member Posts: 11
    Cleveland, Ohio
    09 Pontiac G8 GT
    V-8 Auto trans
    just under 10K miles
    Liquid red (bright red) over black leather
    Sport package, premium package (leather seats), factory bluetooth. NO sunroof.
    Car is like new, all maintenance up to date.
    No dings, scratches, paintwork, etc.
    Stored winters.
    Thanks!
  • qbrozenqbrozen Member Posts: 33,696
    not much to go on here, but probably $16k-$17k, depending on condition and history.

    '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: 33,696
    Ohio may be a bit out of my radar, but you might expect $22k-$23k.

    '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

  • tommister2tommister2 Member Posts: 393
    Thanks. That's what I figured based on kbb and edmunds.
    2011 Toyota Camry, 2014 Jeep Wrangler, 2017 Honda Civic Coupe, 2019 Toyota Rav4 Hybrid XSE, 2021 Toyota Tundra, 2022 Toyota 4Runner, 2022 Tesla Model 3
  • dirtyjerzdirtyjerz Member Posts: 3
    edited July 2010
    Jersey City, NJ
    2008 GMC Yukon SLT2
    SUV
    5.4 liter V8
    4WD
    15500 miles
    Summit White exterior, Black leather interior
    Navigation, Rear entertainment, sun roof, Bose, rear captain seats, heated seats, power lift gate, 20 inch alloys
    Condition: Interior/exterior good, no scratches or dings
    Tires - only 15k miles on them
    Maintenance performed reguarly, synthetic oil every 5k.

    Looking to upgrade to an Escalade..
  • autobuy1autobuy1 Member Posts: 2
    edited July 2010
    Location: Boston, MA
    Year/Make/Model: 2006 Mercury Mountaineer Premier AWD V8
    Body Style: mid-size SUV
    Engine: 4.6 liter V8, 6 speed automatic
    Driveline: AWD
    Mileage: 40,000
    Color: black exterior/black leather interior
    Major Options: all standard Premier options, running boards, moon roof, tow package, cross bars, 3rd row seat, dual climate control, multidisc cd/mp3
    Condition: Very good, small ding in one door; excellent interior condition, new mats
    Tires: Need replacing
    Maintenance: Followed factory schedule; synthetic oil every 5K
    Other: No accidents, 1 owner

    Looked at KBB, etc. but wondering in reality, what's a good trade-in figure to expect? Thanks.
  • qbrozenqbrozen Member Posts: 33,696
    They'll probably hit you in the $33k range.

    '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: 33,696
    $15k ... give or take.

    '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

  • souledsouled Member Posts: 1
    Newport News VA
    2010 Lexus RX350
    4dr SUV
    3.5 liter 6 cylinder, automatic
    AWD
    22000
    White/beige
    Condition is excellent, no interior or exterior blemishes
    Tires- new
    Brake- new
    all schedule maintenance perform by the Lexus dealership
Sign In or Register to comment.