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Real-World Trade-In Values

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Comments

  • Sandman6472Sandman6472 Member Posts: 7,218
    Ditto, after 42 years living in South Florida, I'm ready to come back up north. Florida, even with the lower taxes, gets you in other ways...like we can't buy an extended warranty online among other things. North Carolina is looking better and better to us all the time but wouldn't mind going back to the suburbs of New York. Cold be damned!

    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)

  • rayainswrayainsw Member Posts: 3,192
    edited October 2011
    The time has come.
    I will be selling my 2009 G8 GT – and I am looking for
    the wisdom of the experts here, please.
    I expect to sell to the dealer I bought it from.
    Or my local CarMax.

    Location: Just North of Atlanta, GA.
    2009 Pontiac G8 GT
    Engine = 6.0L V8
    Six speed automatic
    [ EDIT: RWD ]
    Miles – will be approx. 45k
    Silver with red\black leather seats
    All 3 available Packages \ Options:
    Premium, Sport & Moonroof
    Condition:
    Exterior condition, excellent.
    Interior condition, excellent.
    Tires: New [ and upgraded ] at 43,000
    Brake Pads [ as of 1.5 months ago]:
    fronts minimum = 8 mm [ standard = replace at 3 mm ]
    rears minimum = 5 mm [ standard = replace at 2 mm ]
    Sold and all service performed at same dealer.
    One owner. One driver.

    Details:
    1 - no door dings - none
    2 – Full sized \ same sized spare wheel and tire
    3 – GMPP extended warrentee - $0 deductable,
    to ~ 71,000 miles – and another ~ 1.5+ years -
    transferable if you want it – to Aug. 2013.
    Thanks,
    - Ray
    New BMW due in approx. 1.5 weeks.

    RE: GMPP WTY transfer:
    [ Q. What if I sell my vehicle before GM Protection Plan expires?
    A. Your contract can be transferred to the new owner (for a small fee) upon sale of the vehicle, which may add to the resale value of your vehicle. Or, you may cancel the remainder of your contract (an administrative fee may apply). ]

    http://www.gmppdirect.com/consumerdirect/webhome.action
    2022 X3 M40i
  • mikefm58mikefm58 Member Posts: 2,882
    You'll be called a "halfback", moved south but eventually moved half way back, LOL.
  • Sandman6472Sandman6472 Member Posts: 7,218
    edited October 2011
    Guess so...but we're not leaving for at least 4 more years...my middle daughter just got into pharmacy school starting fall 2012 right near home, so we're gonna stay. When she graduates and gets a job, we'll just follow her. Sure many parents do the same thing!
    Funny thing, when the kids were younger, my mother made the crack that "none of my kids will ever become a doctor", which I thought was nasty. Now that she's passed, all I can say is, Ma, you were wrong...one of my kids will become a doctor...of pharmacy! We're so proud of her! :)

    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)

  • qbrozenqbrozen Member Posts: 33,736
    Looks to me like $19k-$20k. Bill might have more solid numbers.

    The extended warranty is worthless unless you are selling it privately.

    Private sale with the warranty and you might get $23k for it.

    '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
    Thanks -
    'The extended warranty is worthless unless you are selling it privately. '
    Why is that?
    The Dealer cannot transfer it to a new owner?
    - Ray
    Just curious...
    2022 X3 M40i
  • robr2robr2 Member Posts: 8,805
    Why is that?
    The Dealer cannot transfer it to a new owner?
    - Ray
    Just curious...


    The dealer is more interested in selling his own warranty.
  • fezofezo Member Posts: 10,386
    So where is Bill? Selling lots of used Hyundais at the moment?

    Well, when you check back in I can't get up there this week due to multiple doctor things and two units of blood come tomorrow but if you and the Solara are still around by next week.....

    Maybe this Wednesday I'll feel better and more up for such a drive but I'm being cautious at the moment.
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • ateixeiraateixeira Member Posts: 72,587
    wouldn't mind going back to the suburbs of New York

    Just drove from CT back to the DC area, you sure you want to deal with that congestion all the time?

    Miserable place to drive, for the most part. :sick:
  • explorerx4explorerx4 Member Posts: 20,723
    If you have original paperwork, take a look at to see how you get the money back for the unused portion of the warranty.
    I had to bring mine back to the original selling dealer(Ford Warranty).
    The other hitch could be if it was sold pre or post bankruptcy.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmmm..

    Trade between $19-20k.

    If you're trading it the GMPP won't transfer.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Yes :)

    Heck if nothing else get up here for lunch!

    Oh yeah, it has trac.
  • fezofezo Member Posts: 10,386
    Miserable place to drive, for the most part.

    What? You don't like our NJ Turnpike? :P There are better ways to do that trip...

    And you went right by and didn't stop and say hello?
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • fezofezo Member Posts: 10,386
    Probably next Wednesday but maybe - just maybe - this one....
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • rayainswrayainsw Member Posts: 3,192
    $19-$20K it is - thank you for your input, people!
    - Ray
    Comfortable with those numbers...
    2022 X3 M40i
  • explorerx4explorerx4 Member Posts: 20,723
    Good luck and tell us about the BMW!
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • threecrownsthreecrowns Member Posts: 1
    Have TMV, KBB, Edmunds, NADA. Was offered Galves which is entirely different... What is real value to use for trade-in towards another late model certified Volvo? Thanks! -anna

    Location: Providence RI
    Year/Make/Model: 2009/Volvo/V50
    Body Style: wagon
    Engine: 2.5L 5-cyl. Turbo AWD 5-speed Automatic
    Driveline: AWD
    Mileage:45000
    Color: silver/anthracite leather
    Major Options: multi-CD/mp3, moon roof, heated seats, auto-dim rearview mirror, R-design
    Condition: excellent
    Details of interior and exterior, including dings, scratches etc.
    Tires - 50 % worn
    Brakes: not sure
    Maintenance: up to date and serviced by volvo dealer
    Other: no dents/dings/scratches, interior clean, w 2 sets floormats
  • rayainswrayainsw Member Posts: 3,192
    'Good luck and tell us about the BMW! '
    Thanks.
    BMW = 335iS, Euro Delivery - currently on a ship
    and due at port next Monday.
    - Ray
    More details after [re-]delivery.......
    2022 X3 M40i
  • explorerx4explorerx4 Member Posts: 20,723
    So you already drove it? How did you like picking it up at the factory and driving it in Europe?
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • ateixeiraateixeira Member Posts: 72,587
    I'll wave next time. :shades:

    I timed my trip badly and got traffic leaving the Jets game, I think.

    Farther north, though, is almost always congested.
  • fezofezo Member Posts: 10,386
    Oh, catching that area as a Jets or Giants game is letting out is always bad. When I go to a game I don't even attempt leaving the parking lot for an hour after.
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • rayainswrayainsw Member Posts: 3,192
    'How did you like picking it up at the factory and driving it in Europe? '
    Trip report:

    http://townhall-talk.edmunds.com/direct/view/.ef0a892/12207#MSG12207
    and te following 2 posts...
    2022 X3 M40i
  • im_brentwoodim_brentwood Member Posts: 4,883
    My guess is you were probably offered around $16,000 for the Wagon, that's Galves and it's quite accurate, based on auction results and the market I'd be right around the same money.

    Galves is pretty much the bible for trade-ins in the northeast, here in the NYC area it's all anyone uses. Unfortunately, it's not free to view online, but the sites that are tend to be highly inaccurate.

    Oh, if it has Navi you'd be in the upper 16s... If it has paintwork or an accident indicator on the Carfax you could be much less.

    So what did they put on it?
  • husker_drivehusker_drive Member Posts: 5
    Wrapped my transaction this morning. Traded in my '11 Terrain for a '11 Dodge Durango AWD Heat w/ Popular Equipment Group.

    They gave me truecar.com price for the Durango (including holdback) and $23,100 for my Terrain :)

    I was shocked at the trade in as they gave me near kbb excellent condition value based on the 2010 model as the 2011's are still not listed on KBB yet.
    Edmunds has this trade in @ around $19k.

    I'm extremely happy!
  • ateixeiraateixeira Member Posts: 72,587
    Congrats.

    Did you have to buy the Trifecta Package (undercoating, paint sealant, pin striping) to make that deal? :D
  • foundationcarsfoundationcars Member Posts: 11
    Location: Cleveland, Ohio
    Year/Make/Model:2010 Chevy Cobalt SS Turbo
    Body Style: 2 Door
    Engine: 2.0 Liter Turbo/ 5 speed manual
    Driveline: FWD
    Mileage:23000
    Color: Red over Black
    Major Options: Limited Slip Differential, plus all SS standards, including power moonroof
    Condition:
    Great shape-no dings, dents, scratches; only minor stone chips-miles are all highway
    Tires - have 15K - had separate tires/rims on for winter
    Brakes - original, rotors resurfaced once
    Maintenance all performed at dealership
    Other: No previous damage or paintwork.
    Car also has dealer installed GM Stage One upgrade kit with full factory warranty coverage. Adult owned, never raced, and otherwise 100% stock.

    Thanks in advance.
  • qbrozenqbrozen Member Posts: 33,736
    you'll have to sell it privately if you want any extra $$ for the mods (and even then is not guaranteed).

    '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

  • husker_drivehusker_drive Member Posts: 5
    Nothing extra. They did try to sell me the magical rust protector. Declined all extras. Didn't get any crazy interest rate quote either. Helps to have an 800+ credit score and knowing it going into the deal. Was a very straight up deal. My Terrain, the new Durango, no fluff...

    They are a volume dealer, their other dealership across the street is the nation's #1 F-150 and #2 Ford volume dealer....
  • im_brentwoodim_brentwood Member Posts: 4,883
    Dang!

    $23k?

    Well done!
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmmm...

    Upper 11s to $12k on a push. The performance package adds $0 in my opinion.
  • foundationcarsfoundationcars Member Posts: 11
    Actually more concerned with the performance package deducting, not adding....but since its factory sponsored, was hoping for no deduction.
    Thanks for the info.
  • explorerx4explorerx4 Member Posts: 20,723
    If you are trading it in and are worried about a deduction, just don't mention it as long it has not caused a problem.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • stickguystickguy Member Posts: 53,345
    Hey, I am only 3 miles from the turnpike. So top that Fezo!

    and if you have to take the turnpike around game time, at least take the eastern (lincoln tunnel) spur.

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

  • camrnlendycamrnlendy Member Posts: 15
    Looking to get a trade-in estimate for my VW CC. It is currently being leased, with the last payment in 4 months. Residual is $17900 + fees and tax. Blue Book was $22-$23. Looking to buy car and possibly flip it to make a profit.

    Location: Long Island, NY (Medford)
    Year/Make/Model: 2009
    Body Style: 4 door
    Engine: 2.0T 4 Cyl
    Driveline: FWD
    Mileage: 31300
    Color: Galaxy Grey/Black Leather
    Major Options: CC Luxury Package -- Navigation with hard drive, sunroof, leather, satellite radio, iPod connector, alloy wheels, Homelink
    Condition:
    Very good condition. Minor scratches on hood and trunk which can be compounded out. No dents, minor dings on hood from rocks on the expressway, brand new windshield. Interior is immaculate, with only the driver side floor mat showing signs of wear.
    Tires - 1 newer tire with 90% tread, other 3 with 60%
    Brakes - Original, recently inspected by VW with no problems and minor wear.
    Maintenance - All performed at VW dealership (10K, 20K, 30K services). No other issues with car ever.
    Other: Cracked windshield which was replaced 3 months ago.
  • dgdapilotdgdapilot Member Posts: 6
    Hey all,

    Looking for some reliable numbers on my baby. I'm thinking about trading her in for a 2012 Regal GS.

    Location: DFW metroplex, TX

    Year/Make/Model: 2006 Dodge Charger R/T Daytona (1 of 2000)

    Body Style: 4 door

    Engine: 5.7L Hemi V8, 5-speed automatic transmission

    Driveline: RWD

    Mileage: 32,000

    Color: TorRed with black Daytona graphics for the exterior. Interior is graphite
    with red baseball stitching.

    Major Options: Car is loaded. Sunroof. Spoiler. 6-disc CD/Mp3/Cassette/Satellite radio.
    Daytona 18" wheels. Both front seats are power and heated. Power
    windows and locks. Has everything except rear DVD player and
    navigation.

    Condition:
    Car is absolutely immaculate. No road rash on the wheels. Never been in an accident. No door dings whatsoever.

    Tires are 6 month old Falkens.

    Brakes are original with good life left. No rotor warping.

    She's had the oil changed every 3 months (about 1200 miles with my limited driving). I've kept a logbook recording every single service she's ever had.

    Other: N/A
  • 28firefighter28firefighter Member Posts: 9,825
    2010 Nissan Rogue AWD
    Black/Black Leather
    12,000 miles
    SL Package
    Heated Seats
    Moonroof
    Upgraded Stereo
    1 Owner

    Friend is having it checked out by a dealer this week, but at an upscale used car lot here in Pittsburgh.

    Dealer is asking 23,900 for it, but so far friend has negotiated down to 22,500 and the dealer says its the lowest he will go. This seems insanely high to me, but then again, so are used car prices right now.

    What should she be looking at?

    Thanks.
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • qbrozenqbrozen Member Posts: 33,736
    VW looks to be about $20k-$21k trade-in. So it seems you have some equity here. NY has a trade-in tax credit, right? So if you take it and trade it in (don't buy it first!), dealer doesn't pay the taxes, so you could have $2k-$2500 equity to apply to the new car, PLUS you get out of paying tax on $20k worth of the new car.

    Dodge - this one is probably beyond my capabilities with what I have on hand. My WAG is that you might be looking at $16k. Definitely need Bill on this one.

    Rogue - number is still a little high. Dealer might have $19,500 or so in it. It would have to go south of $22k for me to bite, personally.

    '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
    In reality you're probably better off shooting for, at the time the lease is up, to get the equity out of it.

    Right now it's probably a $20k trade-in car. That's now, not March. You'll also have to pay sales tax on the residual, and find a private buyer for a $20k++ car, that's not always that easy, and people who do buy such cars generally want to steal em.

    See, on a car like this you'll be up against CPO ones for $23-24,995... with new tires, and the warranty, etc.

    And nobody knows what the market will be like in 4 months, check back then and we shall see...
  • im_brentwoodim_brentwood Member Posts: 4,883
    No tax credit on a leased car...
  • im_brentwoodim_brentwood Member Posts: 4,883
    Up here in Jersey it sounds like $14k, maybe closer to $15k if it's really that nice.
  • im_brentwoodim_brentwood Member Posts: 4,883
    That's not outrageous at all.

    If it's Black on Black (Good color combo) with leather and roof it could pull close to $21k at the sale, if not more.

    $22,500 is quite reasonable for it. I've sold several 08s like it recently with miles in the 30s for around $20k without much trouble at all.
  • qbrozenqbrozen Member Posts: 33,736
    But we're talking about the dealer actually buying the car and then paying the person trading it in $20k for it, no? So why wouldn't there be a credit? I know I've gotten credit for leased cars here in NJ in the past because the dealer was buying it, not just taking it in and returning it to the lease company.

    Although... come to think of it, I guess because nobody ever paid tax on that residual ...?? But I'm certain I've gotten the credit in the past. Maybe a mistake on the dealer's part? They've never asked me to come back and fix the error.

    '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
    Hey, Bill! What's your schedule look like today?
    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
    Just texted ya... be in around 1!
  • im_brentwoodim_brentwood Member Posts: 4,883
    Nope.

    Since sales tax was only collected on the sum of the payments, not the residual there's no sales tax credit when you trade in a leased vehicle.

    If you trade in a car that you own on a leased vehicle, you can get a sales tax credit in NJ.

    The only way the OP would get a tax credit is if they bought out the car, paid sales tax on the residual, titled it in their name and then traded it in, but that's usually counterproductive.
  • camrnlendycamrnlendy Member Posts: 15
    Thanks for all the information. I may bring it to Carmax to get an idea of what they would buy it for. Even if I wind up with $1000 in equity, that is still better than nothing. Considering the residual is $17900 and I have $900 in payments left, even a buyout of $20K (which is reasonable) would net me something.

    Might also try to bring it to an Audi dealer as I'm looking to get into a new or used A4. That might give me some leverage on negotiating the buyout of the CC.
  • mmccloskeymmccloskey Member Posts: 168
    edited November 2011
    Greetings!

    A while back I inquired as to the value of my 2007 Highlander Hybrid Limited FWD w/34.6K miles and all options. You provided a range of 19.5K up to a possible 21K and to shop it around based on it's condition & options. I had been checking what Carmax was getting for similar vehicles as well. Based on that info I went to a dealer to purchase a loaded 2011 Toyota Venza V6 FWD. MSRP was 37,954 and I offered 34K for their car and wanted 21K for mine. The sales mgr said my car was worth only 17K and it would be hard for them to sell it due to it only being FWD - this was in Richmond, VA. They did offer the Venza to me at 33K (not including the 1K rebate) which I thought was a good price. Anyway, he suggested I take my car up to Carmax (2miles away) and see what they would offer. I did just that and they offered me 22K!!! An hour or so of my time and I got an extra 5K for my car - not bad!! I took their offer, signed over the title and the salesman came and picked me up and I went back with the bank draft and bought their car. All in all I think I did good on getting a very generous amount for my HH, and a very good price on the new Venza. I've checked online and Carmax already sold the HH after less than a week being listed. I just hope I didn't go from the frying pan into the fire since the HH was rock solid and w/o any issues. I hope the Venza will be at least 90% as good although it is a much nicer car in many ways.

    Thanks so much for providing me with insight as to what my car might be worth. It is always better to have more information than not enough!

    Best regards - M. J. McCloskey
  • gooddeal2gooddeal2 Member Posts: 750
    You're not alone. I found Toyota dealers offer at least about 1.5k lower than Nissan or Infiniti dealers.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Well done!

    Carmax gave ya $22k? Holy idontwannasayitbecauseidgetbanned!

    $17k is real low, and you'd think a Toyota dealer would be strong on their product too.

    I was thinking $21k on a push, so you did well. The Venza is a nice truck, people I know that have em love em.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Carmax is not a bad idea, they won't have to pay the sales tax obviously so ya might get some equity out of it.

    Not sure if an Audi dealer is going to be super strong on a VW but ya never know...
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