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Real-World Trade-In Values

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Comments

  • isellhondasisellhondas Member Posts: 20,342
    Yeah, I missed the miles. This is not a desirable car even for a Cadillac store and the red part sure doesn't help.

    I forget what year Cadillac finally fixed the Northstar oil leaks that are 4500.00 to fix!
  • ateixeiraateixeira Member Posts: 72,587
    My brother-in-law has an STS with that issue. Nice car otherwise.
  • isellhondasisellhondas Member Posts: 20,342
    That is a MAJOR issue that the dealers call " The Northstar Leak" When they take in trades with a Northstar thay put it up on a lift to see if it's leaking. If it is it can literally total the car since it's 4500.00 to fix.

    And all of the early Northstars would eventually leak. At some point, I think around 2000-2001 they finally found a modification that for the most part fixed the problem or at least slowed it down.

    It's a nasty thing to fix. they have to pull the engine and split it in half to ge to that seal.
  • henry_nhenry_n Member Posts: 33
    I have owned Cadillacs before, I know about the oil leaks. Not a big deal at all, compared to the head gasket problems with earlier Northstar engines. Thank goodness, the head gasket problems were pretty much eliminated in 2004 (went to longer head bolts).

    While I appreciate the comments, I'm still waiting for some one to look up the auction values for me.

    Apparently you are using the information from http://galves.com ? I see I can get access for one week for $8.95, probably be worth it. While I'm contemplating that expenditure, I would still appreciate any and all feedback on what you think the small dealer might have paid at auction for this Cadillac.
  • qbrozenqbrozen Member Posts: 33,736
    edited September 2011
    if it did go through auction, someone here may be able to pull it up with a VIN.

    It looks to me like the average auction price has been around the mid $9s. After his fees and transport and whatever... he might possibly be into it for the mid $10s. So $12k would be pretty fair if it all checks out.... which it sounds like it doesn't based on your description of the problems.

    Galves won't do you much good in Texas. It is pretty much a northeast thing.

    '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
    Ah...you don't consider a 4500.00 oil leak to be a "big deal"?

    I had forgotten about the head gasket problems.

    My advise would be to not worry so much about what that dealer may have paid but rather on what it worth to you.

    Brentwood can do a better job with auction numbers than I can but I would go to KBB.com (free) and look at the trade in value and deduct a couple of thousand dollars from that number.

    Auction numbers can be all over the board depending on a lot of factors.

    It sounds like you aren't afraid of this car and that is a good thing. It's a buyer's market on cars like this one so I wouldnt' be afraid to make a low offer.
  • isellhondasisellhondas Member Posts: 20,342
    OK, I was curious so I went to KBB.com and I plugged in a 2006 DTS with 91,000 miles. These are TRADE IN values and represent what Kelly thinks a dealer would give you for this car were you to trade it in.

    Fair Condition - 8200.00
    Good Cond - 9575.00

    Bill...are you out there? What do you think?

    Amazing how those cars depreciate and how high miles affect them.

    Still, if a person happens to like them they can be a lot of car for the money.

    I'm betting that used car lot is pulling your leg on what he paid!
  • mako1amako1a Member Posts: 1,855
    Here are completed listings from ebay.
    Green means sold, Red means not sold.

    2006 DTS

    2013 Mustang GT, 2001 GMC Yukon Denali

  • lemmerlemmer Member Posts: 2,689
    edited September 2011
    After reading some UK enthusiasts magazines, I've decided Brits don't care much about oil leaks.

    To them, it wouldn't be a $4500 leak. It would be a $3 worth of kitty litter on the garage floor leak.

    I am not sure they aren't right. If a car with 90K miles on it uses a half quart of oil between oil changes, most people aren't too worried. Yet, if it leaks 1/10th that amount in the same time period, we freak out.

    Edit: I'm assuming we are talking about a pocket change sized spot on the garage floor every night, not a steady stream.
  • isellhondasisellhondas Member Posts: 20,342
    Most of those were no sales.

    It'a amazing the adverse effect high (or low) miles have on high end cars. They can make or break the car quickly. I guess people are afraid and probably rightfully so.
  • isellhondasisellhondas Member Posts: 20,342
    Have you ever seen a British car or motorcycle that didn't leak oil?

    Those Northstar leaks are worse than that. they start out as a pocket change sized spot when they first start leaking and it'll get progressively worse until you HAVE to do something.

    My buddy in CA got lucky a couple of years ago. He had a much loved fairly low mileage Caddy with a Northstar leak that had gotten to the point he had to have it fixed. His estimate of 4500.00 was very close to the car's value and it wasn't perfect in other respects either. Still a very nice car.

    He made the appointemtn to take it in and it was t-boned hard enough to total it a couple of days later. I think he ended up getting something like 6000.00 for the car. It wasn't good though. He got hurt in the process. They paid his medical bills but he was hurting for months afterwards.
  • lemmerlemmer Member Posts: 2,689
    Yeah, Brit cars do tend to leak...a lot.

    But I was thinking about Porsches with the rear main seal leak. Porsche enthusiasts here freak out and spend thousands on it. In the UK, they don't care. Maybe it is because they grew up with MGBs and Triumphs.
  • isellhondasisellhondas Member Posts: 20,342
    That may be true but they DO care when that eal finally blows out at high speed and the engine seizes.

    Now, THAT does get their attention!
  • andres3andres3 Member Posts: 13,928
    Does it hurt to know a vehicle has been "tracked-out" with coilovers, racing lightweight wheels, slotted rotors, upgraded intercooler, new exhaust, and such? Or perhaps raise value? Is this the kind of car a dealer will most likely tell the owner to sell on their own?
    '18 Porsche Macan Turbo, '16 Audi TTS, Wife's '19 VW Tiguan SEL 4-Motion
  • fezofezo Member Posts: 10,386
    Bill...are you out there? What do you think?

    Ah! Look who doesn't notice that it's the end of the month and the car salesman is too busy to get on the Internet? :P

    Sorry. Couldn't resist....
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Pretty much retail, these are doing in the 9s at auction as a general rule with miles around there. If he paid $11,500 for a slick top DTS with 91k he buried himself.

    Now, if it had a roof and Nav and was jam up gorgeous and like new, then maybe I could see it, but not for a Level 1 car.

    Watch for oil leaks on these...
  • fezofezo Member Posts: 10,386
    You'll be pleased to know that come the middle of October your local library will have an access on their web page to Galves. Just gives basics as near as I can tell but it's way cool to have it.
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Generally, if anything, it hurts the car's value.

    I always tell people to return them to stock, and a heavily modified one usually means, to me, that the car has been beaten on.

    FWIW, I have a somewhat heavily modified E28 M5 myself.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Ha! :)

    I went home early.

    Speaking of DTSs tho, they are funny things, options mean a LOT on them, I paid the moon for the 08 I have on the lot but it's a Luxury 2 with a roof and Navi and 26k, it's the "right" car.

    Galves on a base 06 DTS with 91k is $7625, loaded to the gills it's $10,500 or so. These usually do over Galves at auction (like most any car) as Galves is usually to be considered a trade-in figure. I'd put $7600 to maybe a hair more on a 90k base model DTS, because after I shape it, pay fees, flip title, etc I'd net that or maybe a few hundred more out of it.

    Hence the point of Galves and why we all use it, generally if you trade a car at Galves, you have enough room to prep the car, ship it to the auction, pay costs, etc and break even or maybe make a few bucks.
  • fezofezo Member Posts: 10,386
    Fooled me! :blush:

    I have to see what Galves looks like when you look at it vs. when I do at the library. Since the library version gives just a trade and retail (I think) based on year and mileage I'm assuming you get way more.
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • qbrozenqbrozen Member Posts: 33,736
    huh. that's interesting. i don't even know where my closest library is. Guess I'll have to figure it out, huh?

    '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

  • fezofezo Member Posts: 10,386
    You're in Jackson, right? Well, go teh the library site theoceancountylibrary.org and under "about us" click branches and you can figure it out. As I said it won't go public until mid-October and will be one of those proprietary sites that you have to use in the library. Most of the sites like that only make you enter a library card number so you could do it at home. This is one of the exceptions.
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • isellhondasisellhondas Member Posts: 20,342
    Cars like that are of little value. The stores don't want them!
  • mmccloskeymmccloskey Member Posts: 168
    edited September 2011
    Greetings:

    Considering getting a 2011 Toyota Prius and would like to know what to expect in trade on the following:

    2007 Toyota Highlander Hybrid Limited 2WD
    all options (sans 4WD & 3rd seat) -
    Nav
    Leather
    Moonroof
    JBL 6-disk

    34.1K miles

    New Michelin Energy LX4 tires in March

    Silver w/gray (ash) interior

    Condition: Interior like new - really. One adult owner rarely had passengers. Exterior - paint is still glossy in all areas - no door dings, a few very minor scratches on lower body near rocker panel on driver side door, wheels in great shape (no curb rash). There are some of the usual nicks/chips on the lower front bumper but touched up with Toyota touch-up paint using a modeling brush - not the one that came with the paint.

    No accidents/damage.

    Get on average between 27-28mpg and have gotten better but the power of this car is very addictive!

    I've checked the usual online places (KBB, NADA, Edmunds) but they aren't very accurate. I have considered selling it to CARMAX or may even sell it myself depending on what I can get for it without going that route.

    Lastly, thanks in advance for any input as to what I may get on trade.

    Regards -

    M. J. McCloskey
  • andybobandyandybobandy Member Posts: 3
    Just bought my new car
    Trade in on Yukon was $22,000 with 61,000 miles
  • [Deleted User][Deleted User] ColoradoPosts: 0
    edited September 2011
    Doubt that would buy it actually.. they're doing darn close to that at auction right now.

    The key with the $29,800# on a new one is "if they had any" hence why the used ones are selling for what they are.


    ...think they'd entertain $28K - don't want to waste anyone's time. We went and looked at it again today, could easily be confused with a brand new one :)
  • im_brentwoodim_brentwood Member Posts: 4,883
    I'd think $19-20k, Galves pegs it at $20,600 with Nav, roof and leather for a front wheel drive but compared to auction results that seems a tad high to me.

    Problem is, it's FWD and you didn't post where you live... where I am, in North Jersey, that's a very tough truck to move, in Florida AWD means nothing to buyers.

    So your mileage may vary based on where you are.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Also,

    Before you sell to Carmax, check to see if your state does a sales tax credit on trade-ins and do bear that in mind.
  • im_brentwoodim_brentwood Member Posts: 4,883
    If you can get it for $28k I'd call it very well bought.
  • im_brentwoodim_brentwood Member Posts: 4,883
    That's a VERY strong price for that truck, although you are in the south if I recall... I still have that "2WD SUV = Saleproof" mentality that we have in the snow belt.

    But even in the south, all the money and a bag of chips. How was the deal on the new car?
  • mmccloskeymmccloskey Member Posts: 168
    Thanks for your reply. Sorry I didn't mention location - I'm in Central VA just South of Charlottesville. Bought the car at the local Toyota dealer. I specifically didn't want AWD/4WD on the HH as I already have a 4WD truck for unfavorable driving conditions.

    Anyway, your value is close to what the other sites have noted.

    As far as I know, VA doesn't allow for a sales tax break when trading in a car.

    Best regards - M. J. McCloskey
  • im_brentwoodim_brentwood Member Posts: 4,883
    I don't think FWD kills it there.. the problem is, there's VERY few loaded FWD Highlanders out there....

    Might wanna shop this a bit.
  • [Deleted User][Deleted User] ColoradoPosts: 0
    If you can get it for $28k I'd call it very well bought.

    Thanks! I see it's down to $28,495 today - may have to go see what they'll do tomorrow :shades:
  • mako1amako1a Member Posts: 1,855
    I was high bid on the 2006 Saleen for sale in NC. It expired with reserve not met.

    I get no response, no email, nothing. I bid higher than what showed ($22,600),

    but with no one else bidding my bid wouldn't go up any higher.

    I think it was rather crass of the dealer to just blow off a serious buyer like that.

    As it stands, he can put that Saleen up on the backside of his lot.

    2013 Mustang GT, 2001 GMC Yukon Denali

  • roadburnerroadburner Member Posts: 18,325
    It has to be an SMG(Meh!). Anyways, he found this 2006 M3. I had him get a PPI at an Atlanta shop that I trust 100%. We ran the VIN and found out it still has a BMW CPO warranty for @1,750 miles, and as you can see, its a ZCP car. The dealer doesn't know it has the CPO warranty, ditto for the ZCP. Only mods are an iPod dock, HID fogs, and H&R springs. It needs an Iinspection II as well as rear brakes before long. Oh yeah, the NAV DVD may be missing. The remaining issues are relatively minor and would be covered by the CPO warranty.

    The sales guy knocked $1,500 off right off the bat and my friend countered with $18,000. I told him that if he could get it for $20,000 it would probably be a good deal.
    What do you think?

    Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
    Wife's: 2021 Sahara 4xe
    Son's: 2018 330i xDrive

  • im_brentwoodim_brentwood Member Posts: 4,883
    I think buying a 100k mile SMG car is freaking insane.

    Plus that car is also due for a valve adjustment... I can do the job but most shops can't, and the shims are money.

    Still, $20k would be cheap.. Galves is $18,600 with adding for equipment and punishing it for the miles, and I doubt it does under $20k at the sale.

    BTW, I found ya a mini ;)
  • roadburnerroadburner Member Posts: 18,325
    Thanks Bill. I knew about the valve adjustment.
    As for the SMG, what can I say?
    Thanks for the Mini info, but now that my 1975 '02 is rolling my son is hooked. According to him it garners more positive attention than the newer and (exponentially)more expensive cars some of his friends drive.
    Win/Win- especially for my budget...

    Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
    Wife's: 2021 Sahara 4xe
    Son's: 2018 330i xDrive

  • nyccarguynyccarguy Member Posts: 17,491
    Damn, that thing is in nice shape!

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD

  • 28firefighter28firefighter Member Posts: 9,824
    Did the M3's not get the mid-cycle e46 facelift in 2003?
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • roadburnerroadburner Member Posts: 18,325
    Did the M3's not get the mid-cycle e46 facelift in 2003?

    Not in the front- the front fenders are unique to the M3, so I guess BMW AG didn't want to tool up a face-lifted set for a limited production model.

    Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
    Wife's: 2021 Sahara 4xe
    Son's: 2018 330i xDrive

  • im_brentwoodim_brentwood Member Posts: 4,883
    NICE!

    2002 > Everything.

    You should be justifiably proud of him.
  • henry_nhenry_n Member Posts: 33
    I hope you don't mind me asking about another car.

    2010 Mercury Grand Marquis
    25,060 miles
    Silver in color, base model, looked pretty much perfect. No sun roof, no NAV, no trip computer, none of the fancy stuff. Did have leather seats, I think that would be the only option.

    I saw the carfax on this one. It was a rental car in Rhode Island, up until February of this year. Sold at auction in Florida in February with 20k miles to Southwest Lincoln Mercury here in Houston, Texas. They have had it since them, used as a demo. Now up for sale with 25k miles.

    They had it priced on the internet for $15,900. When I tried to bargain a bit, the Used Car Sales Manager told me he had just been to an auction where 2010 Grand Marquis were going for $16.4, and refused to give an inch.

    Interested to know if he was fibbing.
  • im_brentwoodim_brentwood Member Posts: 4,883
    edited September 2011
    2011s? Yes, Mid 15s to up to $17 depending on color, equipment, miles.

    2010s? No, not right now. 2010s like that, with leather, might hit the low 14s. The market is still strong, but not as strong as it was in the late spring and early summer.

    Average is mid 13s, so throw in auction fees, transport, clean up, run it through the shop, etc... $15,900 is still quite reasonable, but it's not like a ridiculous steal or anything.
  • seank2seank2 Member Posts: 79
    I posted a month or so ago about a potential trade for my Yukon XL Denali for a Jetta Wagon. Long story short, it didn't happen. Since we've been casually shopping for several months, my wife has deciding she MUST have a convertible. Granted, it is the best time of year to be looking for such a vehicle, but first we have her current vehicle to deal with:

    We're in Brunswick, Georgia. On the coast, off I-95 halfway between Savannah and Jacksonville, Florida.
    2004 Volvo S80 T6
    2.9 V6 Twin Turbo, 4 spd auto
    91,000 miles
    white over tan leather
    sunroof, CD changer,
    Cold weather package, which includes heated seats and headlight washers/wipers
    bi-xenon headlights
    rain sensing wipers

    Interior and exterior just got full detail, but the interior shows 4 years of my wife being in the car everyday, and she's not what I would call "gentle". So, overall "average" condition. It's getting new shoes next week. All maintenance current, and I have every receipt sicne we bought it,

    Conveniently, a colleague has expressed interest in buying it for her daughter. While a buyer in hand is great, this car is not the first one I'd want to sell to somebody I have to see again, since it is a Volvo T6 on its original transmission. However, the buyer is persistent and wants me to give her a price.

    It's paid for, and would probably be a private sale anyway. What's it worth private party or trade?
  • qbrozenqbrozen Member Posts: 33,736
    tell her you'll give it to her free and clear as long as she promises never to mention the car ever again. ;)

    '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

  • im_brentwoodim_brentwood Member Posts: 4,883
    Trade? Probably $5500-6k.

    I wouldn't sell a T6 to someone I like.....
  • corvettecorvette Member Posts: 11,279
    Nope, when I saw the mileage I was going to ask whether it was on its second or third transmission.
  • steine13steine13 Member Posts: 2,825
    .. since this has already happened. But I'd like to know what y'all think.

    Not for the first time, a new employee walks into my office today, saying he needs wheels and he's been told to talk to me about it. He has a couple cars he's looking at; an '06 Suzuki of some sort -- which I talk him out of, rarer than hen's teeth around here -- and an '03 Acura TL w/ 95k he's already looked at.

    Long story short, I agree to go out with him and look at the car again. Of course, we wind up doing the whole thing; drive out to the buyer's house, look it over, test drive it, take it to a nearby shop, and buy it... I'm normally a little more methodical.

    So. In mid-Michigan, a dark gray metallic TL.
    2nd owner, carfax shows a 'very minor accident' in its first year.
    All body panels are original w/ VIN sticker present.
    No rust except a little on the underside of the hood and the exhaust system in a few places... that's about as good as it gets in snow country.
    Good tires, meticulously clean, interior is nice, no smells, no rips no errors.
    Transmission fluid is clean; definitely not original.
    Engine so clean you can eat off it; look through oil filler cap: evidence of compulsive oil changing. Owner is a gear head, bit of the obsessive type. The man has a 3-car garage PLUS a pole barn with a '65 GTO. That one's clean, too ;->

    The shop gives it a clean bill of health. Big issue is the tranny; owner says the VIN puts it past the fix; I had no time to verify, as buyer has a flight out that afternoon and wants the car.
    $7550, which is Edmund's dealer retail for a "clean" car. However, in the present crazy used-car market, this thing struck me as very reasonable. What do you-all think?

    Cheers -Mathias
  • stickguystickguy Member Posts: 53,341
    sounds like a nice one. I always like buying from an OCD gearhead. At least you know it wasnt neglected.

    I'm no price guide, but seems higher than I would pay. But, probably reasonable, and could give years of cheap service. So, a good deal?

    Hey, I have a 2000 TL (same style) with just about 160K on it (probably over, my son has it at school). Bought in 12/2008 with around 146-148K on it. Still pretty much runs and drives like it has 60K on it, and I have no worries about my son taking 250+ mile trips from school.

    almost 3 years, and other than normal oil changes and doing other fluids (trans, coolant) the only thing I did to it was tires and struts (blew a tire and strut whamming a pothole).

    hard to argue with getting that service out of it, since I only paid 2K for it, and could probably sell it tomorrow for the 3K I have in it! Though my son would probably be upset...

    I just want to get him through college in this (class of 2013!). after that, he can buy himself the BMW he wants.

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

  • roadburnerroadburner Member Posts: 18,325
    My friend wound up buying it for $21,500. We did a bit more digging and found it had not only a CPO warranty but BMW's extended maintenance plan up to 100,000 miles- so the Inspection I w/valve adjustment will cost him exactly $0.00. He's picking it up Monday and wants me to teach him how to really drive the SMG.
    Good thing he's the assistant police chief... ;)

    Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
    Wife's: 2021 Sahara 4xe
    Son's: 2018 330i xDrive

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