Real-World Trade-In Values

roadburner · August 2011

Thanks, it is in very good condition; I wish it had Xenons and H-K sound but it's very well equipped otherwise. The store is asking $11,870; I think I'll offer $10,000 and settle for somewhere in the $10,500 range...
Sound good?

im_brentwood · August 2011

Where's it at, The BMW Store?

$10500 ought to buy it I'd think, unless they can show that they threw a bunch of money at it.

100chuck · August 2011

I went Monday to pick up the car and my Salesman could not find the keys, Finally he said the used car manager told him he had a buyer at $34,000 and the person was taking the car on a test drive. The used car manager said the price listed in their ad was a mistake and he's not going to lose $2000 on the car. I'm giving my Salesman a day to fix this before I go in and raise hell!!!!!! The car re-appeared at the dealer last night, I will keep you posted.

roadburner · August 2011

Yes, the BMW Store. I do know that they replaced the oil pan gasket after it was traded. I'll let you know what happens.

im_brentwood · August 2011

There's a word for that.

Starts in Bull and ends in (I don't wanna get banned).

Pass on the deal and the dealer.

Kirstie_H · August 2011

I already know you meant "bullriding," because that's a dangerous game, just like the one the dealer's playing.

explorerx4 · August 2011

I went back reviewed some of your posts about this car.
If it has the sport package, despite being AWD, it has summer tires.
I would tell the dealer for an extra 2k, you have several choices with lower mileage.
They will ask you where are these cars? You tell them they should be concerned with selling you their car, not worrying about the one you can buy down the street.

100chuck · August 2011

Well I got the car at the agreed upon price my Salesman said he wasn't going to ruin his reputation over their stupid mistake so he took it to the GM. All I can say is WOW!!!! the power is amazing!!!!

corvette · August 2011

I agree, dump the dealer and share your experience with them on the dealer rating websites that are out there.

Edit: Even though you got the car, the runaround is still worthy of a middling to negative review. Glad you are happy, though!

100chuck · August 2011

I agree, I'm going to send the used car manager a thank you card and a gift certificate from White Castle so that he can have lunch on me for such a great deal

explorerx4 · August 2011

So this is congrats for real?
Glad you didn't fold when you were holding the winning hand.

corvette · August 2011

Is the new car a CPO? I would ding them on the dealer survey from Ford, but then again, I'm mean like that.

explorerx4 · August 2011

I had a less than good experience with a dealer one time.
They used an employee's address for the survey.
I know that because when I didn't get it, I called the manufacturer to find out why.
Of course, I was completely forthright when I did get it.
Funny thing is, 15 years later I just bought an Explorer from them 3 months ago.
Buying a pre owned vehicle might not get a survey from the dealership.

Kirstie_H · August 2011

Not to self-promote, but I'm just that type of person...
http://www.edmunds.com/dealer-reviews

Please review the dealership experience! If it turned out well, all the better - I work with the reviews, and happy reviewers are much easier.

100chuck · August 2011

I purchased my Escape from the same dealer, transaction was fast got me the car wanted no problem. My Mother sister and aunt have all purchased cars in the last two years from the same dealer he got them the color they wanted, options etc. I don't want to slam the whole dealership because of the actions of one a-hole. Plus my salesman worked with me to push up the price of my trade-in and pushed thru the deal.

mikefm58 · August 2011

Glad you're happy with the vehicle and the transaction. But what he almost did to you is sleazy and I never do business with sleaze balls.

I had a dealer do pretty much the same thing to me when the 99 Honda Odyssey mini van came out. We agreed on an out the door price over email and when I went to pick it up he said they couldn't honor the price, said they feel it's going to be a hot seller and wanted $1500 more. I told him where to go, put in a BBB complaint, and a complaint with the online buying website (Edumnds) that I used.

seank2 · August 2011

I know this is going to be an ugly trade number, but I needed the truck when I bought it, but no longer need it.

Location: Brunswick, Georgia, on the coast, off I-95 halfway between Savannah and Jacksonville, Florida. This is rural south Georgia, where "men" drive trucks.

2005 GMC Yukon XL Denali
6.0 V8, Auto, AWD (the only way they come)
108,3xx miles
Pewter over Grey leather
Its a Denali, so they come load, but this one adds all the options: Nav, rear DVD, rear heated captains chairs, and moonroof.
It just had a full detail 2 weeks ago, clay, 2 coats of wax, full interior shampoo etc.
Tires have 10,000 miles on them (Bridgestone Duelers)
All service records since 35,000 miles, when I bought it.
Clean carfax, no paintwork, a few scratches, but nothing out of the ordinary for a 7 year old truck.
Otherwise, in excellent shape.

The possible trade I've located, also in Brunswick, at the local Kia store, ironically, where they traded it on a new Soul:

2010 VW Jetta TDI Sportwagen
2.0 TDI/ 6 speed DSG auto
42,000 miles
Platinum Grey over Ebony leatherette
Am/FM/CD/Sirius stero, but NO nav.
Panorama Roof, but otherwise, I think everything is standard.
1 owner

In talking preliminary numbers last night, we wound up at $22,500 on the VW and $8000 on the Yukon. After taxes, fees etc, the difference was around $16,200.

I think that's a decent deal, but I think there's a little room left. The dealer (owner) said he had $21,000 in the Jetta, which is definitely all the money on it, but he has no idea what he bought either.

What say the experts?

ateixeira · August 2011

I dunno, $16 grand buys a whole lot of gas...

You could prolly drive that Yukon another 2 years.

Just kidding. :P

sebring95 · August 2011

I'm no expert but $8,000 around here (north of the mason-dixon) would have that thing sold in minutes. If trucks are popular there...I'm betting you could sell it very quickly on your own.

Now for the VW...be very careful of these. The '09/'10 have high-pressure fuel pump issues and when they grenade...it's very expensive. There's an investigation going on with NHTSA regarding this and it appears to be a bigger problem than VW is letting on. My neighbor lost his at 40k miles and dealer wanted $10k to fix and refused warranty. Took six weeks of arguing with VW to get it fixed under warranty. He traded it in shortly thereafter. I'm a huge VW diesel fan...but I won't touch this latest gen.

tifighter · August 2011

$22.5k for a 2010 with 42k miles...I'd just go new at that point, but that's me.

ateixeira · August 2011

Might even be cheaper with lower rate financing...

qbrozen · August 2011

interesting. I've also been mentioning around here 2 coworkers of my father who both have TDI sportwagens and both have had failures. One traded his and the other has a dead car right now that VW refuses to fix under warranty.

corvette · August 2011

It doesn't help the situation that TDIs are relatively rare and the VW dealer service departments don't see them that much, which ensures that they'll be even more incompetent than normal.

im_brentwood · August 2011

Hmmm...

I dunno here. First off, the Jetta is real cheap, these can't be found, when ya can find em people are real proud of em. I'd expect it to hit $22k at the sale so I'd say it would normally take $25k to buy one at retail.

How that compares to new I have no clue.

The Denali seems cheap... what am I missing here... 05 Yukon Denali XL with 108k, roof, leather, nav? Nice shape, good rubber? $8K?

Galves is $11,475 on it without adding for 20" wheels if it has em. Now, I'm not sure I'd be full boat book on the thing but $8k seems light.

Now, on the other hand I'd say expect to pay $24k plus and I'd hit the trade around $9,500-10k if it was sitting in front of me. A bunch more if it was black.. the livery companies out here eat em up.

So we're $2k off retail on the Jetta and $1500-2k off trade on the Denali.

I'd say to shoot for a $14k difference and settle at $15k so the #s aren't as stupid as they seem maybe.

Granted I'm near NYC where AWD SUVs are in demand and we drive a lot of weird imports, you're in Brunswick, GA.

im_brentwood · August 2011

I know of a 40k mile stick...... ya ought to email me.

woodyww · August 2011

$22,500 for a used VW with 42,000 miles? Like some others have said, a lot of people (including myself) have had abysmal experiences with VW's. The 1990 Passat I owned for 6 months was one of the worst cars I ever owned. It had engine problems, transmission problems, & other problems. It was only a few months old when I bought it. Oh, & the dealer was less than useless.

Then there was my roommate's experiences with a brand new Rabbit in the '70's........She filed some kind of lawsuit against VW as I recall....

seank2 · August 2011

Thanks for the info. The "unknown" on the Yukon is they priced it solely by looking at Manheim auction reports from FAAO and West Palm. So they probably are fairly light on the trade. I'll probably just sell it myself and not worry about the trade.

Thanks to everyone else for the warning on the VW. Its unfortunate because of all the cars I've looked at, its the first thing I've found that meets all my needs, which are something that can handle family duties (soccer, bicycles, vacations etc) but still get decent gas mileage, since it will be my work car, and I travel extensively for work. I'd love some suggestions for something else that fits. This is probably a question for the CCBA forum, so I'll probably post over there.

qbrozen · August 2011

The 2.0T can still get pretty decent mileage. I get about 30 mpg with my GTI cruing at 75mph on the highway. So I'd say look for a sportwagen with that engine. Would be considerably cheaper, too.

seank2 · August 2011

The Sportwagen only comes with the 2.5 inline 5 or the TDI. The Jetta sedan can be had with the 2.0T, but not the wagon.

I posted this over in the CCBA forum also, and have had good suggestions on what else to look at. Thus far, the leader is the Mazda5, which I like, but a GTI has been of interest to me too, but it would have to be a 4 door, which are very hard to find, new or used.

But the fun is in the hunt, right?

qbrozen · August 2011

According to Edmunds, the 2009 Sportwagen SEL came with the 2.0T.

I don't, however, see that option in 2010.

By the way, the 2.5 really isn't all that bad. 180hp is sufficient. I've driven a Rabbit with that engine and thought it quite peppy.

And, yes, the 4-door GTI is tough to find. I only came across 1 in my state when I was searching. Wound up buying the 2nd one I found, which was across the border in another state.

ateixeira · August 2011

I'd go for the diesel, but may as well get it new.

Sell the SUV private party, then shop TDI.

qbrozen · August 2011

well, as we've been saying, some of us don't trust the diesel, hence our reluctance to endorse it.

ateixeira · August 2011

Gotcha. I guess the 2.5l is more reliable?

Kirstie_H · August 2011

A reporter is looking to interview people in the Miami area who plan to sell their car soon. If you care to share your comments, please email your daytime contact info to pr@edmunds.com no later than 5:00pm Pacific, on Tuesday August, 23, 2011.

qbrozen · August 2011

I haven't been seeing complaints on the MKV boards.

100chuck · August 2011

So I tried to sale my 1999 Jaguar XJ8 80,000 miles moon roof winter package with a sagging head liner for $5000/ best offer, plenty of tire kickers but no firm offer. My classes start next week so between classes and work I don't have the time to sale the car. My plan now is to try one of the auction houses Midwest Auto Auction here in Michigan, they charge $20 a week to have my car on their lot and website and a $150 fee if they sell the car. If the car hasn't sold by Friday they will run it thru their weekly auction. I have to set a reserve if they sell it over the reserve they get a percentage of the profit. What say yee o wise men and women of Real World Trade-In Value?

henry_n · August 2011

I have a 2004 Silverado 1500, xcab. 81k miles, LT package (leather seats, power seats (both), Bose stereo with XM satellite, LoJack (sp?), all 4 tires have less than 10k miles. Fiberglass camper shell (color matched, with sliding side windows and inside light), spray in bedliner. The leather seats are showing a little wear, but no splits, tears, or rips. Other than that the interior and exterior are near perfect.

I am located in Houston, TX. What can I reasonably expect to get for this on a trade in for a new Chevy or Ford pickup?

On Edit: 2 wheel drive. Color is dark green. Aluminum wheels (original factory). The entire truck is original, no aftermarket (expect for the camper shell). The engine is the 5.3L V8.

im_brentwood · August 2011

That's the sort of car that might do well on eBay.

Lots of pics, good description, start it at $1 and let er rip.

im_brentwood · August 2011

Realistically.. that's a $9k truck as a trade-in. Not too terrible for an 8 year old Pickup.

sbuhler · August 2011

Curious to see what my truck will take in on trade in
2007 Dodge Ram 1500 Mega Cab 4X2, HEMI
SLT package
32,000 miles (3yr/36000 mile bumper to bumper expires 2/12)
Yes the truck was a new 2007 that I bought new in 2/09
Power Driver Seat, Leather Steering Wheel, upgraded OEM wheels
Excellent Condition
New Orleans, LA

henry_n · August 2011

> Realistically.. that's a $9k truck as a trade-in.

Edmunds told me $9.7k, I was expecting to be offered about $8.5 to $9k. This past Saturday, Lone Star Ford offered me $7k as a trade-in on a new F150. I thought they were screwing me, but just trying to make sure.

I definitely passed up the offer. Ordinarily, I never do trade in, just sell myself. But this was a newspaper deal, and included $500 trade allowance -- could not get the advertised price without a trade in.

sebring95 · August 2011

could not get the advertised price without a trade in.

The numbers always shake out somewhere.

qbrozen · August 2011

could not get the advertised price without a trade in

Yup. They gotta make that money back somewhere.

Go pick up a car from the junkyard and drag it in there. Of course, then watch a $2k doc fee show up on the paperwork. :lemon:

ateixeira · August 2011

Ask if you can trade in your old bicycle. They'll probably charge a "2 wheel disposition fee".

oldfarmer50 · August 2011

Upstate NY near Albany.

2008 Mitsu Eclipse GT Base. Rave Red. No option packages.

3.8L V6 FWD auto

27,500 miles

Condition: Excellent-Good No dings dents or scratches. Had back bumper cover painted to repair minor scratch.

Interior-clean, no rips or stains.

tires-50%

brakes-80%

All maintance done according to owner's manual. Oil changed every 5K miles with Mobil 1. All records available.

Wondering what the auction/trade-in and private party values are on this car. With used car prices so high it might be the time to cash out.

fezo · August 2011

What the heck are you up to now? Going to use the proceeds to buy 1,000 junkers? :confuse:

kyfdx · August 2011

I think OF has a line on a 1988 Dodge Van..

oldfarmer50 · August 2011

"...1000 junkers..."

"...1988 Dodge Van..."

Ha ha.

How did I get into the comedy central site?

Actually Fezo is partially correct. I'm considering a new car but right now I'm seeing dealers sticking firm on MSRP. I was thinking of selling the Eclipse for cash now, buying a beater to get me through the winter and then looking for a new car in the spring when supply/demand will be back in balance and thus a better deal is possible.

Sorry kyfdx, no 1988 Dodge in my future. My 1988 GMC van is still running fine. :lemon:

riceman3 · August 2011

Thinking about 2 or 3 year old Mustang GT or 350Z. Maybe an older BMW. Love the forum and figure if anyone knows what a good used car value is, its in here. So if you had 20 to 25K to spend on a used convertible, what would be on your list to look at. I'm in Northern Calif so winter is not a consideration.

ateixeira · August 2011

Why not a new Miata?

I'm guessing you don't fit?

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