Real-World Trade-In Values

qbrozen · May 2012

What color?
I'll assume white.
You say fully loaded, but I'll assume no 4matic since you didn't mention it.

With those details in mind, probably about $22k-$22500 trade.

qbrozen · May 2012

Geesh. Anything else I should know?

Funny... I was just pondering one of these myself if I sell the 540. Sounds like you wouldn't suggest it.

Anyhoo... more like mid $7s at auction for a clean auto with those miles. Probably some options, too.

So ... where does that leave yours? Horrible place for a dent. That can't be cheap. Steelies and handshaker. I'm thinking $5k on a trade would be generous.

Heck, if it wasn't for that A pillar, I might be interested. I prefer no slider and the wheels are easily cured. I'm surprised it is such a rattle box. I found the first-gen Matrix to be rather pleasant.

corvette · May 2012

How long have you had your 540? The first-generation Vibe like mathias has looks so much better than the second-gen.

qbrozen · May 2012

I liked them both, to tell the truth.

I've had the 540 like a whole 10 months now. An eternity!

I like it ... its just getting to be a bit burdensome having too many cars demanding my attention. I'm thinking of selling that and replacing it with an appliance.

tjc78 · May 2012

replacing it with an appliance.

Well..... over on CCBA there have been two Prius purchases. You know they say things happen in three.

qbrozen · May 2012

i know... but I don't think there is any way I could go for that. I also am 99.9% sure I'll be getting a stick. Honda Civic Hybrid is a possibility, though.

stickguy · May 2012

I could live with a matrix for a while. Fits some key criteria. Cheap, economical, modest size, and can fit my dog in the back. And of course, it is cheap.

at this point, I am looking at someone for real around town duty so not worried about long haul highway comfort!

toratoratora41 · May 2012

I have a 1 year old Fusion, I like the car, would prefer manual transmission or a hybrid, and hopefully a more comfortable seat. Just a bit bored with this, I normally drive a stick.

2011 Fusion SE with sun and sync package (sunroof), rear parking sensor, automatic.
Mileage 17K.

How much could I reasonably expect on trade-in? Assume the price of the new car will be aggressive so no extra profit there to inflate trade in value.

qbrozen · May 2012

4-cyl?

Surprisingly, there are a glut of these at the auctions. You can probably expect offers around $14,500-$15k.

Add about $1200 for the V6.

kyfdx · May 2012

Ex-rentals?

qbrozen · May 2012

I suppose. About 70% say "Lease," 25% "Factory," and 5% "Regular."

corvette · May 2012

Around here, they are very popular with the ~~drug pushers~~ pharmaceutical sales reps that visit the doctors' offices. Those are probably less likely to be beat up than a rental car.

sbuhler · May 2012

I would appreciate a trade value on the following:

2010 Nissan Armada SE, 2WD
Gray
24,000 miles
Excellent condition
Location: Southeast Louisiana

Thanks

qbrozen · May 2012

Probably around $21-21,500

nyccarguy · May 2012

Good afternoon Q. What's an '09 328xi optioned like mine crossing the block for these days:

Metallic Paint
Automatic
AWD
Premium
Cold Weather
Navigation
Xenon
iPod
50K miles

Just curious as to how inflated BMWFS 64% residual is. I think the buyout on my car when the lease is up 9/14 is $26K.

ateixeira · May 2012

Probably around $21-21,500

Is that the value of the vehicle or next year's fuel bill?

qbrozen · May 2012

For a clean one, roundabout $22-$23k at the block.

Soo... what was that? A $42k car? Yup, pretty overinflated.

nyccarguy · May 2012

$44K actually:)

I'm going to have a big decision to make when the lease on my beautiful, titanium silver, 328xi comes up. Bargain really hard to try and get one of the many dealers in my area to sell me the car at auction price just so they can "punch a sale through" without reconditioning. Say I buy it for $22K plus tax. I'd be financing the purchase, plus be on the hook for a set of shoes, and buy the extended maintenance.

I could lease some sort of appliance (Camry, Accord, Altima, Fusion) & save a couple hundred every month.

I could buy a Passat TDI SE & have a big car that gets stellar gas mileage.

I've got time to decide.

nyccarguy · May 2012

Just to throw another cog in the mix, I see so many Jeep Wrangler Unlimited around here & think they are so freakin cool. A 4 door, 4WD Convertible. I just don't know if I could justify owning 2 vehicles that get well under 20 mpg Wrangler Unlimited & Pilot)

I know, I've got problems

tjc78 · May 2012

I know, I've got problems

We all do, that is why we are here. :P

Why wouldn't you just lease another 3er? Are you afraid (monthly payment wise) that you wouldn't be able to duplicate the lease you got?

sb55 · May 2012

Hello,
I have been looking for a 328xi wagon and found one nicely optioned (almost everything including Sport package, but no nav.) and my wife likes the color. She won't have black as I live on a dirt road and everything is dirty, but dark colors are the worst. It is a 2009 and has only 3,250 miles (not a typo). It is CPO and Dealer is asking $32,850.00. Is that high in light of a sedan with 50K miles trading for about $22k? Wagons seem to be quite rare.

qbrozen · May 2012

well, 64% of $44k is $28,160. You might want to check that residual number again. :P

I would be nice if you can negotiate with BMWFS and then get a dealer to certify it for you. If you could pay $26k (assuming used prices remain steady, which isn't likely) for your car with CPO, you'd be in good shape.

qbrozen · May 2012

well, cars with such low miles are always tough to judge. Its more of a "what's it worth to you" kind of thing, especially if you plan on keeping it for a long time. You are basically buying a new car.

Closest I can get for you is one with 20k miles that went for $25,400 at auction. Add it transport and fees, then CPO it, add a decent profit, and you'd probably be looking at $31k.

This has has 17k miles less. If we use the Galves calculation of $125/1k miles, its worth $2125 more. $31k+$2125=$33,125. hey, look at that!

nyccarguy · May 2012

I'm quite sure I WILL NOT be able to lease another BMW. My E90 328xi has a decent amount of options (metallic paint, leather, automatic, premium pkg, heated seats, iPod adapt, Xenon lights, & Navigation). Because of crazy incentives, I was able to "buy" the car for over $5400 off MSRP, + get an inflated residual (64%) on a 30 month lease, plus BMW made my 1st 2 payments. For 20K miles per year, my payment is $572/month.

But one can never be too sure of anything when it comes to cars. A LOT can change between now & September 2014.

nyccarguy · May 2012

I'll look later. My wife has the car today. She got a flat in the Pilot yesterday, so she gets the 3 to shuttle the kids around & run errands. I've got the Prelude today.

tjc78 · May 2012

I'm quite sure I WILL NOT be able to lease another BMW

Yeah, that is a pretty sweet lease especially with the mileage you need.

I like Q's idea, but may be tough to get a dealer to bite on that.

You mentioned your wife having your car today. My Fiance practically refuses to drive my car. I'm not sure that is such a bad thing

kyfdx · May 2012

The sure way to turn a great lease deal into a bad deal, is to purchase the car when the lease is up...

Enjoy it... then look for the next great deal when the time comes..

nyccarguy · May 2012

Excellent advice my friend.

nyccarguy · May 2012

My wife is actually a good driver. It's her parking abilities that scare me (I am neurotic about parking straight, inbetween the lines). I know she parks her Pilot by feel. When the front tires touch the cement stopper in front of the parking space, that's when she stops. I told her if she does that with my BMW, it will rip the nose off.

sb55 · May 2012

Thanks for the info.

roadburner · May 2012

I see so many Jeep Wrangler Unlimited around here & think they are so freakin cool.

I love my 1999 Wrangler, and I definitely wouldn't by a JK older than 2012. The new V6 is a LOT faster and gets better fuel economy to boot. The down side is the price.

nyccarguy · May 2012

The pentastar V6 has been getting fantastic reviews. The Wrangler could really get some respectable fuel economy/acceleration numbers if they would drop the 8 speed automatic into it.

You are right Roadburner, they aren't cheap. Go to the jeep website & try building one. The Sahara is what I'd want. The Rubicon is OVERKILL & once you put a hard top on the Sport, you might as well get a Sahara with a few options to make it a liveable, everyday vehicle & the MSRP quickly balloons into the mid-upper $30s.

Of course I'd have to drive it first. I see so many of them around here, they've got to drive pretty good. Everybody who has a Wrangler LOVES IT!

When the lease is up on my BMW, maybe they'll have zero financing or a nice lease deal with a cheap money factor on Wrangler Unlimiteds.

Have you driven a '12 yet Roadburner?

robr2 · May 2012

NYC - you just got the BMW. You're already worrying about the next car in 3 years??

I thought I was bad. I'm looking at used Coopers which I won't be in the market for until August 2013!!

nyccarguy · May 2012

Lmao robr2! Not worried

, just thinking out loud. Thinking about my BMW too, which my wife drove today (I've got the kids & the Pilot). She had to go to this training for a new job, so I took the day off to play Mr. Mom. Let me tell you, it ain't easy. I got up at 6:40 (an hour after I usually get up) & didn't have anything to eat until after 1:00 pm! I get my BMW back tomorrow.

My BMW lease is only for 2 1/2 years. I've already had it for 2 months (28 to go)

Yes, I admit, I have a problem

roadburner · May 2012

Have you driven a '12 yet Roadburner?

Not yet; I hate to test drive one when I have no intention of buying. My 1999 is still looking good running strong so I really can't justify buying a '12. I only put around 5000 miles per year on it so any saving in fuel economy would be obliterated by the acquisition costs.

rayainsw · May 2012

I have been trying hard not to begin looking for a replacement, yet.

The lease on the BMW 335iS runs until November of next year.
And [ clearly ] many things could change between now and 14  16 months from now. [ When I will face a similar decision = buy the car, or walk just away . . . ]

BMW just today released details of a 135iS. The engine is the N55  . . a single twin-scroll turbocharger. Not the N54 with 2 turbos, as in the 335iS. And the TQ increase is nominal, to 317  with no mention of an overboost feature, which boosts TQ in the 335iS to 370.

Point being, BMW appears to be moving in directions that do not appeal to me, personally. [ Electric power steering, less TQ, etc. ] I doubt that the 335iS will be any sort of collectors edition, from a value standpoint  but it is beginning to look like 1.5 years from now, aspects important to me in BMWs driving dynamics may be gone . . .

The 335iS is now at just over 8,000 miles, and I am really enjoying the drive.
- Ray
Crossing fingers that I am wrong in my prediction. . .

keats76 · May 2012

Can anyone give me an idea of what the following would be worth as a trade-in or at auction?

2006 Toyota Sienna Limited AWD
~80,000 miles
Navigation
DVD

Thanks!

qbrozen · May 2012

If its clean, no accident history, all serviced up, etc, it would be about $15k at the auction. So probably expect around $14k-$14500 as a trade.

keats76 · May 2012

Thanks!

lemmer · May 2012

but it is beginning to look like 1.5 years from now, aspects important to me in BMWs driving dynamics may be gone

I know what you mean, but people have said this about every new small BMW to come out since the '70s. Come to think of it, they've said this about every new 5 series too.

stickguy · May 2012

OK Q, need a refresh on the wife's car.

2005 Odyssey EX-L. light green/blue/gray (slate blue? something like that). usual EX-L stuff (leather, roof). Will throw in the XM roadie set up (woo hoo!). Also comes with a Honda OEM trailer hitch (not wires or anything, only used for a bike rack).

73K on it. Never any accidents, so I assume clean carfax. Good shape overall, all maintenance records, 1 owner. shows the usual wear and tear of minivan life (some minor dings, some wear on the interior). Should clean up OK with a serious detail. But, not major dents or anything.

need a realistic # for a dealer to offer, and what you think would be reasonable to put it out on CL for (doesn't have to be a quick sale, so I can be patient and greedy!)

trying to decide to sell now or hold off and keep it for a while longer.

qbrozen · May 2012

ehhh... bout $10k on a trade, methinks. Could maybe possibly push to 11 depending on how it looks/feels.

You probably won't find another advertised for less than $14k. So you could try the 13995 and see what happens.

stickguy · May 2012

thanks. 10K was about what I was expecting.

we were thinking about trolling it our through craig's to see if any fish were biting, and if we get a high number, cutting it loose then going shopping. Just need to go out and test drive the options again to make sure we know what the wife wants, and about what it will cost!

She did seem to like the CR-V and it certainly would be a fine option for her. And it is a solid 2' shorter than the whale (what I affectionately call the Odyssey).

trades are easy, but having the cash to slap down is nice. and after wandering the back lot at the honda dealer last night, they have a lot of cars, and plenty of CRVs. Plus, it is "Honda 500: month, and they want to deal!

onyxlove37 · May 2012

My scenario: 2006 Jeep Liberty with 143,000 miles -- my daily work commute is 68 miles one way, owe $8800 on loan -- no down deposit given by me

pros:

runs good, body looks good, kept up with schedule maintenance

cons:

gas guzzler for my commute, blown-out regulators on both back windows, occasional noise when turning steering column, cosmetically-challenged (rust colored marks on seats and carpet), (I have feeling car is slowly breaking down and maintenance costs will be extremely expensive)

Visited Honda dealership --- pushing 2012 Honda Civic HF with $4000 rebate

MSRP - $20,225 w/ standard features and $21,725 w/ dealer added features

offering $3,000 for 2006 Jeep Liberty --Negative equity of $5800

Deal:

Base price of Honda $21,725
Residual car loan $1,800
Dealer deposit of $1k $1,000
----------
Total Price of Honda $24,525

Loan for Jeep ($8800)
Trade In Allowance
Rebate $3000
Purchase price $3000
Rebate turned to deposit $1000
----------------
Residual Negative Equity ($1800)

Honda price plus fees and tax: $26,086.28

Dealer is pushing Extended Warranty: $1925 + $134.75 (tax) = $2059.75

Total Deal $28146.03 equals new Honda

tjc78 · May 2012

I couldn't do it. No way, no how. I would do everything i could to get that Jeep paid off. With tax you are spending 30K to by a 20K car. It doesn't add up to me at this point. If the Jeep had 1 or even 2K neg eq I could see it, but 5800?

corvette · May 2012

You will never have positive equity if you are putting 34,000+ miles/year on a car and financing for long terms and rolling negative equity into every trade.

You don't need an extended warranty on a Honda. If the dealership is pushing it, they're trying to rip you off.

Pay off the Jeep, sell it for cash on Craigslist, and buy an older Prius if operating costs are a concern.

sebring95 · May 2012

Dealer is really trying to make this confusing. They're probably not too far off on trade (someone else can chime in on that) but this is a good candidate to sell off. It's probably a $5,000 sale to someone so you're only in the hole $3,800. Do you have that much in cash to clear the loan if you find a buyer?

$2,000 for a Honda extended warranty? No doubt they're pushing that...they're making a ton of money on it. Plus they've piled on $1,500 in dealer add-ons to an economy car....I would just avoid them at all cost.

qbrozen · May 2012

You haven't given me enough info on your Liberty to go on, so I can't help there.

I'd love to know what garbage the dealer has added to this Civic to justify a $1500 pack.

What is "Dealer deposit of $1k $1,000"??

Forget the extended warranty. I don't even understand how THEY can consider it. I mean, they have to get approval on a $28k loan for a $20k car in this economy? That would be a trick. And watch out for that interest rate!

Look, if the Jeep runs good, KEEP IT! You will never ever recoup $5800 negative equity in just gas savings. Start applying extra money to your car loan and pay it off ASAP.

onyxlove37 · May 2012

Thank you for your input...

Just to clarify --My car loan is $8800 -- the dealership will use $3000 rebate from Honda, pay $3000 blue book value, and 'give' me $1000 deposit to bring down loan balance (car price will increase $1000)

my negative equity will be $1800 rolled into the new loan...

the 2006 Jeep Liberty ---3 of the 4 windows are not functional -- according to different quotes it will cost between $300 to $600 per window to fix ( this includes the $130 spent to keep 2 of the windows up until regulators are purchased)

also keep in the mind the noise seemingly coming from the power steering column (mechanic couldn't determine what was actually causing the noise since it happens occasionally)

I'm afraid with my daily commute the car will not last long and I may end up with a 'non-tradable' junker with an outstanding loan on it

the $1500 mark-up dealer package includes - vin etch on all windows, trunk tray, wheel locks, Honda pin stripe painting, and splash guards

Deal is with Honda of the Avenues in Jacksonville, FL

sebring95 · May 2012

The only extra out of that $1,500 I would buy is the mudguards. $100 max.

Have you done the math on the HF model? it adds $1,600 worth of "upgrades" to increase mpg by a couple digits. At 35,000 miles a year and say a 2mpg gain, it will take 8 years to recoup that additional cost. I'm guessing by that time (300k miles late...) you won't see a dime of additional resale. So as is the case with most hybrids the $$ just doesn't really make sense. Go for an LX without $1,500 in "extras" and no warranty and you'll save yourself $5,000 and have essentially the same. Just without pinstriping :P

Real-World Trade-In Values

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