Real-World Trade-In Values

qbrozen · December 2011

Galves is $13900 but MMR is $17k on a car like this..

So what wins? I mean, take that 135 in CT, for example. MMR is $20k but Galves is $18k. They are advertising it for $21,500. Compared to MMR, that's cheap, but compared to Galves, they still have some wiggle room.

So, in the case of this 328, should he really pay based on the MMR number?

I've preached this before, but IMHO, just because a dealer has more into a car doesn't mean I have to bail them out. I need to worry about what I'll be hit with at trade time, which is Galves. So I'm not going over $17k on that 328 if I'm buying it here in NJ.

Does it matter in the end? No. A dealer won't go lower than they want to. And I'm not going to go higher than I want to. So it all works out.

stickguy · December 2011

what about this?

2005 Honda Odyssey EX-L (no res). light blueish silver.

68K on it now. Good tires still. never any body work, but the usual assortment of scratches and dings a minivan accumulates, but it should detail up pretty well. Even has a Honda OEM trainer hitch (but no wiring, only ever had a bike rack on it).

What would this bring on trade? Planning to wait until next year this time, but all this talk has me wanting to go looking!

stickguy · December 2011

other option is this one (to heck with the wife, let her keep the van!) since all this BMW talk has me in a lather.

2005 Accord EX-L (yeah, we had a thing in 2005 for Honda EX-Ls). 65K on this baby.

silver over black leather (hence the L). 4 cyl. 5 speed manual (of course) so a rare bird. never any body work, but I should replace the front bumper skin (so price as if it was done).

tires replaced, and overall very clean.

qbrozen · December 2011

whoops. Looked up an Odyssey...

Ok... Figure about $8k. With that bumper and the handshaker, that might even be a stretch. Don't be surprised to hear $7k come out.

stickguy · December 2011

I want the price on the odyssey too. that is the one that could actually go in reality (not my fantasy land).

More likely to keep the accord for my kid. And if I do sell, guaranteed it is going to be a private sale.

qbrozen · December 2011

Oh, THAT's what happened. I was posting while you were writing up your second request, so when I hit post and saw the one right above mine was an Accord, I thought I screwed up.

Ody came in at $11k.

stickguy · December 2011

thanks. seems about right. I guess.

Of course, the wife rattled off the brands she wanted (still haven;'t given up on Ford and Mazda!), and they seemed to consist of MB, BMW, Volvo and maybe Lexus.

SO IOW she will be driving a ratty minivan for a long, long time.

Though that would give me the shot to skate in and snag the upgrade (she would like a 1 series, right?)

Sandman6472 · December 2011

Q, could you give me the value of the wife's 2005 Mazda3 s please? It's a slushbox just about to turn over to 100k, the usual S goodies. Private might be the best way to go with this puppy actually. New sneakers and a/c recently fixed, which might appeal to a dealer, but they'd most likely send it straight to auction. A very reliable ride so far.

Thanks for any help you can provide. Mr. Brentwood tagged it at $5k awhile back...I know that once it's over 100k, the value does plummet. Many thanks...and I still like the 135!

The Sandman :sick: :shades:

qbrozen · December 2011

sedan, yes? With 100 big ones, it hasn't changed all that much. You might still push to $5k. $4500 would probably be closer. Add $250 if it has a moonroof.

rayainsw · December 2011

Location: Atlanta, GA
Year/Make/Model: 2002 BMW 330Ci
Body Style: 2DR
Engine: 3.0L 6 cyl automatic
Driveline: RWD
Mileage: 52,000 [ not a misprint - one owner\driver ]
Color: silver / gray
Major Options: alloys, sun roof
Condition:
interior - v. good
exterior - v.good
Tires - 5,000 miles
Maintenance - just had 60,000 mile service
Other: minor damage to front some years ago = R&R to high standard
Thanks,
- Ray

qbrozen · December 2011

ehhh... gonna have to let Bill take this one. I am not up to speed with what previous damage does to value.

mumper007 · December 2011

Location: Orange County, CA
Year/Make/Model: 2011/BMW/X5 5.0 M-Sport
Body Style: 4dr
Engine: 4.4 liter, Twin-turbo V8, 8 speed auto
Driveline: AWD
Mileage: 19k
Color: Carbon black/black leather
Major Options: Navigation, Full leather dash/console, Sport suspension, Sunroof, 20" alloy wheels, 3rd row seat, rear climate control, M-Sport package, Heated seats. Pretty much fully loaded.
Condition:
Spotless inside and out. No dings or scratches. Leather is in great shape inside.
Tires - New, we just replaced them with OEM tires.
Brakes - Normal maintenance, no issues
Maintenance - Standard BMW maintenance
Other: No issues. The car has a 4yr warranty with full standard maintenance from BMW

The car is just not big enough for our family. We got the 3rd row seat but there is just not enough space. We are looking to get into something bigger like a Yukon or maybe an Acadia.

Thanks!

-Cory

qbrozen · December 2011

Face it. You need a minivan.

corvette · December 2011

If memory serves, the third rows in the non-XL Yukon and the Acadia are pretty tight. I agree with the minivan recommendation.

mumper007 · December 2011

Well, we would only use the 3rd row for the kids. The key is that the 3rd row is easily accessible in the Yukon and Acadia with the fold up/sliding seats. The X5 is terrible for this and makes the 3rd row useless. Certainly cannot fit a booster/baby seat back there.

I think we just got caught up with how awesome everything else was on the X5. Its an amazing SUV, its just to small though.

No minivans!

lemmer · December 2011

I read this and see -

We need a minivan, we need a minivan, we need a minivan.

No minivans!

sebring95 · December 2011

3rd row is easily accessible in the Yukon and Acadia with the fold up/sliding seats....Certainly cannot fit a booster/baby seat back there.

Not really "easily" accessible. Maybe for kids that don't mind climbing around like monkeys. Adults climbing back there to hook a kid into a baby seat? Pass. From a driving standpoing the Yukon and X5 couldn't be further apart. Acadia...better but not nearly as roomy and cargo space with the 3rd row up is not that impressive compared to a van or Yukon XL/Suburban. But if you're willing to sacrifice so you're not seen in a minivan, by all means be as vein as you like.

-Someone that traded a Suburban for a "mini"-van.

mumper007 · December 2011

I don't have anything against a minivan specifically, I just would really like to get some sort of SUV/crossover if at all possible. We have 2 kids and would like to be able to take 2 more people with us when we go somewhere. We will need to tow on weekends sometimes as well.

Hoping I can still get an estimate on here at some point too.

robr2 · December 2011

No minivans!

Suck it up man!! We said no to a minivan and then saw the light. The perfect vehicle for a family. We've had an Odyssey for almost 12 years and it's been replaced by a new Explorer now that the kids are bigger.

That Odyssey has been camping, biking, skiing, to school, to lacrosse tournaments, to gymnastics meets, to Home Depot, down fire trails, to christmas tree farms....it never missed a beat. She's a little older and a little tired and has a few minor scrapes but she's stilling willing to do what we ask of her.

Maybe this will help you accept it: Swagger Wagon

Kirstie_H · December 2011

I'm not sure what all the fuss is about either - buy what you want. I mean, if you came in here with the same story and said you wanted to buy a SMART car, hey, knock yourself out. As far as I'm concerned, figuring out how you can fit people/gear is your problem. I'm sure others were just trying to give you friendly advice, though.

Patience on the value... sometimes it takes awhile for those in-the-know to see your post and give a reasonable evaluation.

qbrozen · December 2011

sorry. don't really want to hit you up with a value because you are in California. I'm not bicoastal.

Galves isn't even giving me a value. Only a few have crossed the auction block, and only 1 on the west coast that I can see. That one had only 5k miles and reached $76k. Soooo... I dunnooo.... shot in the dark says like $72-$73k?

roadburner · December 2011

I'd put a kid up for adoption before I'd trade an X5 M Sport for a Yukon or Acadia.
Seriously.

mumper007 · December 2011

Trust me, I don't want to give it up either! We really got a great lease on it too. Are there any specific complications I need to look for when trading in a leased vehicle?

explorerx4 · December 2011

Sorry, I didn't see your reply until today.
I have never bought anything from them.
No specific reason.

stickguy · December 2011

just like trading in any other car. Just be prepared to write a very large check for them to take it away.

fezo · December 2011

Second that. If you like writing a HUGE check to get out of a vehicle that not only works but works wonderfully go right ahead.

mumper007 · December 2011

Well, the amount I have to pay is based on my payoff though. As long as I get more than that, I should be doing well correct?

Assuming I don't get screwed over on the new vehicle.

qbrozen · December 2011

well, you are referring to the current payoff and not the lease-end buyout, right? I don't know how far you are into your lease, but assuming its something like 18 months on a 36-month lease, you have 18 payments remaining, all of which you owe .... sooo... I dunno... let's say its $1200 each ... that's $21,600 PLUS your lease-end buyout of ... I dunno... $57K? That's $78,600 you owe. If dealer is willing to pay $73k trade, then you have to cough up that $5600 difference.

Of course, just an example using imaginary numbers.

Odds of being in a postive equity situation with a lease are pretty much slim to none. But, heck, if you are positive, you have to let me know where you got that lease!

sebring95 · December 2011

Unless you put down a boat-load for cap-cost up front (a bad idea regardless) you won't have equity in an early termination at this point. You normally need to be well into 2/3 of the lease before you can usually exit without losing your shirt. For reference, losing your shirt is completely subjective. You may be happy only losing $5k where someone else would find that appalling. My guess is you're well north of that figure but you'll need a number from BMW to verify.

And two adults...two kids... occasional trips with two more adults...you don't need anything bigger. Just deal on those trips and enjoy the vehicle the rest of the time. When most folks talk of needing more room it's for 3-4 kids plus stuff plus others and that's where the mini-vans and 'burbans come into play.

kyfdx · December 2011

Try Swapalease?

If your payment is really low, someone will snap it up....

petepie2 · December 2011

Location: DC area
2003 VW Passat GLX
Wagon
2.8L v-6, 5 speed MANUAL
FWD
165000 miles
Color silver/black interior
Options: loaded w/leather seats, heated & power seats, climatronic, moonroof, monsoon CD, side & curtain airbags, heated mirrors, auto dim rearview mirror etc.
Condition: good exterior with several door dings, good/excellent interior with no rips stains etc.
Tires: 50%
Brakes: new
Maintenance: maintained
Other: no damage
Title: clean, original owner all service records

Looking for trade and private sale value. Thanks for the help!

corvette · December 2011

"Just deal on those trips and enjoy the vehicle the rest of the time."

Or rent a 15-passenger van or take two vehicles on those trips. Either would be cheaper than trading the SUV, and like roadburner says, one could be committed for wanting to get rid of an X5 M sport. :P

corvette · December 2011

You need to advertise this one on the VW boards. Manual transmissions on these are rare, and a manual V6 wagon is almost unheard of.

Edmunds private party is $3,889, but I'm going to go out on a limb and guess that you could get at least $6,000 for it if you sell it privately, even with the door dings. Has it had a timing belt replacement lately?

If you put it on one of the VW enthusiast sites, I give it a 50% chance that someone will pay the full asking price and fly in from halfway across the country to drive it home.

petepie2 · December 2011

Thanks for the quick reply and encouraging words. I'll check out the VW enthusiast groups as well.

mumper007 · December 2011

My payoff is to close out the lease and get the pink slip on the car. This amount is 66k. If I can even get 70 from a dealer I think I am going to do ok right?

jproc · December 2011

well if you get 70 and owe 66-you are obviously 4k to the good-however you still need to make the remaining lease payments as well which I think you said are 18.Bottom line if your 18 remaining payments are less than 4k you're ok.

As others have stated-it will be a lot cheaper to stay with the BMW and rent a Tahoe when you need it.

corvette · December 2011

66k is the current payoff or the residual value listed on your lease documents? If you've called BMWFS to get a current payoff, and that number is 66k, you may be okay.

qbrozen · December 2011

Hell, if you called and got that number as a payoff, you are in GREAT shape.

If you don't mind me asking, did you put down a big chunk of change to get into the lease?

qbrozen · December 2011

That is some crazy miles, my friend.

As a trade, you'd be at $1500 ... maybe $2k if you overpay on the next vehicle.

Agree absolutely with selling it privately. All those service records will mean something in that situation. Advertise it for $6k and I wouldn't be surprised you see $5k in a matter of no time. And if time passes, let someone twist your arm to the tune of $4k. Still a hefty number over that $1500.

im_brentwood · December 2011

This is a toughie without knowing what happened.

If it was, say, a bumper cover and the Carfax doesnt show a hit.. maybe mid to upper 8s.

If it had any structural damage (Rad support mount, inner fender) you could be as low as $6500-7k.

im_brentwood · December 2011

I skipped ahead of some of the replies, but I think $69k kills it dead myself. 19k is kind of fat for a 2011... Maybe to a BMW store you might see $70-71k.. but expect upper 60s from most anywhere else. Your local Chevy/GMC store is going to have to find it a home and that's a volatile vehicle to own.

im_brentwood · December 2011

Trade-in probably like what Q said, $1500-2k, Galves is $1750 after mileage punishment.

But as others have said, this is a car to dispose of via a private sale.. list it on vwvortex and craigslist.

mumper007 · December 2011

$66,364 is my full payoff. This amount goes down to $58,764 if I choose to let them keep my $7800 deposit. I did 8 months of payment up front to drop my lease factor my almost a full point. I also got a great residual on the 36m lease for that month since I custom ordered.

So my thought was if I could get 70k, I would actually be up about 4k and only out the 1 year of payments that I made. (since I would be getting my deposit back)

rayainsw · December 2011

Thanks - I appreciate your input,
as always...
- Ray
Thinking the market for a 10 model year old BMW
is rather limited in any case.....

qbrozen · December 2011

You did the MSDs. Understandable.

But is that ALL you paid at lease inception?

ateixeira · December 2011

Just don't call it a minivan...

Get the Honda nuveau-hippie van, or the Toyota Swagger Wagon, or the Dodge Sport Wagon. :shades:

I used to say the same thing, then broke down and got one, and I love it. Not that it's enjoyable to drive, but it is USEFUL to no end, comfortable as your favorite couch, costs next to nothing to own and operate, never complains, and gets great gas mileage.

In fact I bet my Sienna + Miata combination cost less overall than a Yukon XL does. Get a van and a sports car.

These ~~vans~~ enclosed pickups can even haul 4'x8' sheets of plywood inside, hatch closed.

petepie2 · December 2011

Many thanks for all the tips on the Passat. Sounds like it's definitely worth it to go private sale. This one's actually lower miles than usual for me - previously had a 10 year old jetta I sold with 197000 miles and 190E that hit 176000 when I sold it

corvette · December 2011

Best of luck! The price I gave was just a wild guess, but the main point is that you will probably find a VW acolyte who is willing to pay an insane price for a rare configuration (V6, manual, wagon).

qbrozen · December 2011

Hey, Bill, I'm throwing this out here for fun. It has been on there for a little while now and it keeps calling to me. The worn steering wheel and grease stains on the engine give me a bit of pause. I'm curious if you know anything about these or what you think of it. It is a manual trans, so that eliminates the one big weak point on these that I know of so far.

2002 Maserati

ateixeira · December 2011

Cool car. Reminds me of the song...

My Maser-AAAti does 185,
I lost my LIIIIcense, now I can't drive.

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