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Real-World Trade-In Values

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Comments

  • igozoomzoomigozoomzoom Member Posts: 801
    Personally, I think ALL vehicles should be required to transmit GPS coordinates when one or more airbags deploy! If a crash is severe enough to trigger the airbag(s), there's a significant chance that the driver (and any passengers) could be unconscious or trapped inside the vehicle, unable to call for help. It's 2010, for godsakes!
    2015.5 Volvo S60 T6 Drive-E Platinum, 2012 Mazda CX-9 GT
  • robr2robr2 Member Posts: 8,805
    Personally, I think ALL vehicles should be required to transmit GPS coordinates when one or more airbags deploy!

    Then the tin hat brigade would be out in force claiming potential for invasion of privacy and government infringement on personal liberties due to the potential of tracking.
  • lemmerlemmer Member Posts: 2,689
    Consider me a tin hatter in that instance. I don't want any kind of tracking devices on my car.
  • txbz751txbz751 Member Posts: 9
    Location: Charleston, WV
    2010 Chrysler T & C Touring
    7900 miles on it
    Tires pretty new
    No Damage
    Leather, 2 screen DVD, Sat Radio, Bluetooth (never used), Heated 1 & 2 row, Power doors & rear gate, Remote start
    FWD

    Wanting trade value toward a Routan. Any help is appreciated. Never done this before so please tell me if you need more info.

    Thanks!
  • corvettecorvette Member Posts: 11,270
    "Wanting trade value toward a Routan."

    Mind if we ask why? It's almost the same exact van as the T&C, you know.
  • isellhondasisellhondas Member Posts: 20,342
    Me either!

    Funny how what is very important to some is of zero importance to most other people.
  • isellhondasisellhondas Member Posts: 20,342
    I was thinking the same thing!

    This person is REALLY going to take a financial bath if they do this and why?

    At least most people know what a T&C even is!!
  • igozoomzoomigozoomzoom Member Posts: 801
    That makes three of us wondering the same thing- trading a T&C for a Routan??? Trading in a 1yr old Chrysler vehicle will be very painful financially and it makes even less sense to trade it for an almost identical vehicle (built on the same assembly line)!

    KBB, NADA and Edmund's TMV Trade-In value is almost identical for a 2010 Chrysler Town & Country Touring with the mileage and features listed....somewhere in the $22,300-$22,900 range, at best. That is at least $11k less than Sticker Price when it was new. From a financial perspective, trading in the Chrysler this soon is a very bad idea.

    The Routan is also more expensive than a similarly-equipped T&C. VW offers four trim levels (S, SE, SEL and SEL Premium) and the only options available are NAV and Rear Entertainment System (DVD). Otherwise, if you want certain feeatures, you have to buy the trim level that includes them standard!

    To get Leather Seats, Heated 1st/2nd Row, Power Liftgate, Power Moonroof, Power Folding 3rd Row, or even the 4.0L engine, you're forced to pay for the SEL (which starts at $37,400). The $31,400 SE model has Leatherette interior, the 3.8L V6...no heated seats, no automatic climate control or even automatic headlamps! That costs another $6,000 (for the SEL)! And the only way to get Remote Start and Rear Park Assist is along a Premium Sound System, standard Rear Entertainment System and HID headlamps which are included on the SEL Premium...priced from $43,300.

    From a business perspective, VW is pretty smart to structure the trim levels that way! Honda has always sold cars the same way with their DX/LX/EX/EX-L trim levels. It simplifies manufacturing, ordering and dealer stock because there are only a few possible configurations. But it sucks for the customer unless they were already planning to buy the top-of-the-line model- they have to choose between paying for features they don't want/need to get the ones that they do OR choose to do without and buy a lesser trim....
    2015.5 Volvo S60 T6 Drive-E Platinum, 2012 Mazda CX-9 GT
  • bismarckbismarck Member Posts: 34
    $21-22K if it's a 4.0 engine

    $19-20,000 if it's the 3.8 liter.

    These are auction ranges with similar miles, should be pretty close.
  • bismarckbismarck Member Posts: 34
    And just to hop on the bandwagon, it's way easier to buy $12 worth of VW badges... :)
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    Hey, thanks for jumping in. Sounds like you have some knowledge on trade-in values, which is really helpful. Since you're kind of new... well, not new, but new to participating regularly, mind if we ask what your background is? Welcome!

    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

  • bismarckbismarck Member Posts: 34
    Sure. While I am not technically in the business, I have a bad habit of going through a good number of cars if a good deal comes along. My long term plan is to eventually open a small boutique type of auto broker business when finances and family situation are right.

    I have actually used this forum in the past to get 3rd party opinion on values some time ago, and thought it was very helpful.

    I do have access to Manheim Auto auction data, which is what most dealers base their trade in offers on, as it it shows what the true wholesale value of a vehicle is based on previous sales. So while I can assure you the auction numbers are correct and accurate, your experience may vary… So if it's helpful, I can offer this information until someone more qualified comes along, lol.
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    That's great! We have a few people who are able to offer trade-in info, but I'm sure people appreciate info from a variety of sources, so we definitely welcome yours. Plus, it gives you practice for your eventual business opening.

    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

  • qbrozenqbrozen Member Posts: 33,733
    Hey, bismarck. First, thanks for your contribution. Second, mind me asking how you get auction data if not in the biz? I mean, as we discussed, I have a Galves subscription, but didn't think I could get Mannheim. If you want, you can always hit me up via email (it is in my profile). Sounds like you and I have very similar .... likes? I've also pondered the boutique auto business for years. If I could hit the lottery, that's what I would do for sure. ;)

    '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

  • isellhondasisellhondas Member Posts: 20,342
    Making things worse is the fact that that 2010 T&C will be competing with brand new ones that will probably end up with low financing, incentives and who knows what else?

    I like your idea of just buying the VW badges.

    As dismal as resale is on the Chrysler I think the VW would be even worse. Nobody knows what a Routan even is.

    Again....WHY???
  • isellhondasisellhondas Member Posts: 20,342
    Ah...before you guys go into the "boutique" car broker business, we may need to talk!
  • ateixeiraateixeira Member Posts: 72,587
    Welcome to the RWTIV thread. :shades:
  • gooddeal2gooddeal2 Member Posts: 750
    edited September 2010
    Mind if we ask why? It's almost the same exact van as the T&C, you know.

    I think it might be b/c he can get a new Routan for 9k off sticker.
  • isellhondasisellhondas Member Posts: 20,342
    Which shows how popular they are!
  • troyben1troyben1 Member Posts: 2
    Location: Chicago, IL
    2002 Mercury Mountaineer
    4.0 liter, V6
    AWD
    95,000 Miles
    Silver
    Alloy wheels, rear AC, ABS, cruise
    Interior: Clean with a few carpet stains
    Exterior: Small scratches on front & back bumper, 1 small door ding
    New tires (6K) & brakes, well maintained with all service receipts

    Trying to sell private party but would like to get an idea for trade-in value.

    Thanks
  • bismarckbismarck Member Posts: 34
    The lower miles are good.

    One just like yours just went through dealer auction yesterday at $5800. I'd expect something very close to that, unless it's an awful color.
  • gooddeal2gooddeal2 Member Posts: 750
    Hi bismarck...since you have access to the auction number, I'm just curious...

    Philadelphia, PA
    2009/Infiniti G37X coupe
    2 doors
    AWD
    Color- white
    No options.
    Mileage- 6k, yes, it's a one year old car.
    No dings, no body shop, one driver.

    I'm just guessing the number might be good b/c I don't see many dealers have the used X coupe on their lots.

    Thanks.
  • bismarckbismarck Member Posts: 34
    Mid $30s if it's an auto, think closer to $29K with a manual... Not really enough data for an exact number.
  • gooddeal2gooddeal2 Member Posts: 750
    It's an auto. I was thinking in the 29s. I might be looking for the 2011 if I can get in the mid 30s. ;) Thanks.
  • igozoomzoomigozoomzoom Member Posts: 801
    "As dismal as resale is on the Chrysler I think the VW would be even worse. Nobody knows what a Routan even is."

    Even with Brooke Shields as the spokesperson for them, no one knows what they are!

    Your posting piqued my curiosity about the residual value of the Routan vs. the T&C. The results are very interesting and only reinforce what I said about the Routan being overpriced on higher trim levels.

    I got this data from Automotive Lease Guide (ALG)-

    The following numbers are the % of the original vehicle price that it will be worth in 24 months:

    2010 Chrysler T&C
    LX- 53%
    Touring- 55%
    Touring Plus- 53%
    Limited- 52%

    2010 VW Routan
    S- 55%
    SE- 52%
    SEL- 43%
    SEL Premium- 43% - a $43,300 SEL Premium will lose $24,350 in value in just two years!

    The only Chrysler vehicle that can beat that is the Sebring Limited Convertible- it's worth a whopping 37% after 24 months!
    2015.5 Volvo S60 T6 Drive-E Platinum, 2012 Mazda CX-9 GT
  • ateixeiraateixeira Member Posts: 72,587
    Those residuals are simply awful. Holy cow.

    car_man just gave a quote for a 36 month lease on a Subaru WRX STI with 36,000 miles, and it was 66%!

    That's 3 years, not 2, by the way.

    For cryin' out loud, pick a car that won't depreciate like a rock falling off a cliff.

    Or at least keep a GC/Routan forever, literally drive it in to the ground.

    will lose $24,350 in value in just two years!

    I paid just over $25k for my Sienna, the whole thing that is, not a 2 year lease.

    Now, coming from the other perspective, these can be bargains used...
  • stickguystickguy Member Posts: 53,330
    well, those percentages are effectively meaningless, since they are based off of MSRP.

    sticker on a loaded routan is 43K, As someone else noted, you can buy one for 9K off, so 34 K.

    so right there, that knocks 9K off your calculated $amount of depreciation.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • bismarckbismarck Member Posts: 34
    The miles seem to help a lot. Even without nav, etc., based on what I can see it should be in $30s.
  • hsamshsams Member Posts: 3
    I am considering to buy a used car (20055, Volvo XC90 V8, 43000 milage). This is my very FIRST time to buy a used car from an individual seller. And I am a girl. So, I am quite nervous.

    Two things bother me now despite the fact that I like the car very much.
    1. The owner acclaimed that he is the first owner of the car. But, the title says that the car has a 7800 acutal milage on it when he purchased it. And it is 05 model, but the purchase date was May, 2006.
    2. there was a minor car accident in the history, but mechanic check result is ok. The volvo dealership said that it is qualified with extend warrenty (4 years, 2400 $, if I buy the car, I will buy the extended warrenty for sure)

    Should I be concerned with the 7800 milage when the owner purchased that? Which kinds of tricks may this car have (e.g., demonstrate car stuff)?

    is 19000 $ (before tax and title) overpriced for this car ? (05 model, XC90, V8, 43000 mile, DVD, third row seats, navigation. with a car accident history in june, 2010)
  • explorerx4explorerx4 Member Posts: 20,720
    I have an '02 Explorer Eddie Bauer, 109k.
    It's a good 10 footer, well maybe if you don't look to hard.
    Left rear fender was keyed, back hatch rear panel cracked, right front bumper and rear bumper are scuffed. Driver's seat shows wear.
    Blend door shaky, cd player sometimes needs to be persuaded to give up a cd.
    Disabled easy entry seat because it kept blowing a fuse.
    Will need front brakes in less than 10k.
    Trans replaced at 90k and under warranty for another year.
    4WD, V8, 3rd seat, rear air, tow package. 5k on tires and rear brakes.
    Runs great.
    I'm looking for 2 things. Of course a number, and how many of the quirks would you take note of at an auction?
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • isellhondasisellhondas Member Posts: 20,342
    If you are buying a used Volvo you SHOULD be quite nervous.

    In case you don't know, these are very troublesome cars as they age and they are very expensive to have repaired.

    I can see why you like this car but in my not so humble opinion, there are MUCH better choices.

    Seriously, look hard before you leap on this one!
  • hsamshsams Member Posts: 3
    hi, thanks for the warning and suggestions. Honesetly, I do not know cars much. Which kinds of problems Volvo SUV (XC90) were complained by costumers most? engine, tranmission, or others?

    thanks

    And how do you think of the price?.
  • stickguystickguy Member Posts: 53,330
    you can look it up in consumers reports (go to the library if you don't subscribe). But, the extended warranty would mostly cover the potential of expensive repairs.

    But in general, I believe the 5 cyl (2.5t) is less troublesome than the V8. Better MPG but slower too!

    as to the ownership question, it may he been a demonstrator unit, or a service loaner, so he might be the first retail owner. In any case, probably not a big deal.

    and if the accident was only 3 months ago, ask to see the repair records.

    Others can help with the price, but check TMV here also for a benchmark.

    Also, check a few Volvo dealers to see what a CPO car like this would be going for. For reference, my local (NJ) dealer has a 2007 V8 with 44K, listed at $33,000

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • hsamshsams Member Posts: 3
    edited September 2010
    thanks stickguy for the information. I appreciate it.

    The owner said that he does not have any car repair report because there was no damage on this car. I went over the police department for the case report of the accident. I was told that since it was a accident less than 1000 $ damage, they do no have detailed report about the accident. So, it was too bad.

    but

    II just do not understand that if it IS a minor accident as he said and the police stattion report says, why he lied about no accident at all at the beginning.
    I was thinking that there may be some tricks or surprises about it. I just do not know how to find it at this point.
  • stickguystickguy Member Posts: 53,330
    probably because he did not want to admit it, or if there was really no damage or repairs, just considered it not to actually be an accident.

    think of it this way. If you rolled slowly into the guy in front of you and bumped him, but did no damage, you technically had an accident. And if the other guy reported it just in case (or maybe he had some damage), then it is on record.

    in any case, less than a $1,000 on that car has to be exceptionally minor.

    At minimum, you need a thorough pre purchase inspection (I think you said you had one already?) and if that is clean, I would not worry about it.

    and some people are probably better off at a dealer, but you are just as likely to get a bad car or ripped off that way, since plenty of cars with issues get sold on dealers lots every day.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • isellhondasisellhondas Member Posts: 20,342
    An extended warranty on a Volvo like that one will be very expensive and for good reason. An extended warranty is nothing more than an insurance policy and the companies that sell them are well aware of their risk and they will charge accordingly.

    Mostly electrical problems with these cars.
  • corvettecorvette Member Posts: 11,270
    The 2.5T I test-drove was surprisingly peppy. I'm sure the V8 would be quieter and faster.
  • qbrozenqbrozen Member Posts: 33,733
    edited October 2010
    '05 is the year I had. I did have the 2.5T, however.

    It is a very pleasant vehicle and really head and shoulders above any other comparably priced SUV, IMHO.

    Now, what you need to know about it is that the AWD system is problematic. They have a tendency to develop a leak at the rear output shaft. Just to fix the leak is a $1200 repair. If the unit needs replacing.... well, I don't remember the price off the top of my head, but quite a bit more than $1200. This, to me, is the one to worry about and the only reason I would avoid the vehicle. If I ever bought another, it would be FWD only.

    The v8 is not COMMONLY problematic. There are some reports of the balance shaft bearing going kaput and destroying the engine. But, again, not common.

    The other common problem is wheel bearings. It eats them regularly and the entire hub needs to be replaced on these to fix it. Both of our rears went at around 30k miles and were replaced under warranty. Reports I've seen seem to indicate they go out roughly every 30k.

    The only transmission problems are in the T6 model, which was discontinued after '05 (I believe that's the year) 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

  • bismarckbismarck Member Posts: 34
    Personally, I would stay away from any car with damage history. Unless it was a very minor incident and can be documented as such, and I was planning on keeping the car for a very long time, as resale value would no doubt be affected.
  • ateixeiraateixeira Member Posts: 72,587
    so right there, that knocks 9K off your calculated $amount of depreciation

    True, but that's still $15 grand of depreciation in 2 years, and your actual cost is higher because you pay taxes and such unless you are Joe Biden (DE has no sales tax).

    You're right, though, the residuals are always based on MSRP. I'd want about $18k off list before a loaded Routan sparked my interest, though. LOL
  • bismarckbismarck Member Posts: 34
    $4,000 - 4,500 would be my guess...

    Generally speaking, the condition would determine whether the car is Average, or Below average with a corresponding price difference. Obviously it's all relative depending on age, mileage, etc.

    i think this would be a great cadidate for a Craigslist sale, clean it up a bit and it's be gone in a heartbeat, especially with the snowy season on the horizon.
  • Sandman6472Sandman6472 Member Posts: 7,218
    I'd move on on this puppy...something just doesn't sound right here. I'd spend a bit more and get one with no accident history at all. Neighbor just picked up a 2010 white on yesterday and it's a beautiful looking ride. Talked with my mechanic last year when I got the S40 bug and he told me to forget that idea, as all the Volvo's he's worked on have been problematic & with many electrical gremlins. Followed his advise and kept my Honda...so glad I listened to him!

    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)

  • stickguystickguy Member Posts: 53,330
    what are the numbers for a 2007 V70 2.5T? All loaded up, with 39K on the clock. fresh sneaks, and very clean.

    Actually FS as a CPO at a dealer, but curious to know what the street value going in would be.

    Grey or grey (although looked black in the pictures) FWIW.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • bismarckbismarck Member Posts: 34
    $18-19K true wholesale if it's nice... The CPO would add a bit on the retail end.
  • explorerx4explorerx4 Member Posts: 20,720
    Thanks for the reply. I've been wondering if it is worth it to fix up the outside, but looks like it is not. I plan on keeping it another year or so, kid #1 out of college by then.
    Will probably get the keyed quarter panel repainted.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • gooddeal2gooddeal2 Member Posts: 750
    Well, you can get a SE for 24,200 with 33,400 MSRP .

    If the 52% resale holds true, you can sell this car after 2 years for 33400 x 52% = 17368. So, the depreciation for 2 years is less than 7k. I think that's really good for a 33k car.
  • stickguystickguy Member Posts: 53,330
    thanks. Didn't think it would be that high. So 25K asking as a CPO (3 more years/60K) is not that out of line. Probably more like 22-22.5 to be a decent "steal".

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • dodgehappydodgehappy Member Posts: 118
    Looking to possibly trade in our lease and hoping to get a solid trade value:

    Location: Columbus OH
    Year/Make/Model: 2008 Honda Odyssey EX
    Minivan
    Mileage: 14,800 miles
    Color: Dark Cherry Pearl Exterior/ Tan cloth interior
    Major Options: standard EX options plus mudflaps
    Condition: Between good and excellent
    Details of interior and exterior: Interior in perfect condition. Exterior in good condition, has maybe two small dings on side from normal wear/tear and a thin scratch on back tailgate about 5” long that broke paint in spots. Also has a small scratch that broke paint on rear bumper down by driver side rear mudflap
    Tires: not sure- pretty new condition tires since low miles
    Brakes: great condition
    Maintenance: completed normal Honda required maintenance so far and oil changes.
    Other: Hit by a pickup truck on front end during ice storm year or so ago. Had to have about $3k of front end work done. New hood, headlight, grille, radiator, etc.
  • sbuhlersbuhler Member Posts: 123
    Would like to see trade value of a 2007 Ram 1500 Mega Cab, SLT, 2WD, HEMI with 22,000 miles. Southeastern region.
  • 8sparkplugs8sparkplugs Member Posts: 111
    edited October 2010
    What kind of trade in price
    2005 Honda CRV 2wd LX
    Silver/Gray exterior, Black Interior
    About 90 minutes south of Houston
    39,000 miles
    New Tires
    New Battery about 6 months ago
    Great condition- I don't think there is any scratches on it at all.
    Never driven in rain or at night. Garage kept
    Never had any bodywork or repair work for that matter.
    Owned by a little old lady - Really, my MIL
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