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What kind of car we talking about here?
Bill
Guess who just bought a 2001.5 GLX v6 5-sp?
I bought it for my cousin but I got to use it for a week before she picked it up. WOW!
FOr what that A4 will run ya.. go grab a 4Motion GLX V6... (U need the 4mo up there methinks).
It's an amazing car. I liked it almost as much as the Jag.
Bill
$24K Seems fair to me.
Bill
Let me know how you make out.
Bill
I want to buy a new car. Before buying a new car I need to sell an old one. What options do I have?
The car I am thinking to sell is:
2000 BMW M-coupe, 20,000 miles with minor dents on rear bumper; mechanically perfect.
The car I want to buy is a new 2001 BMW M3.
Naturally, before buying a new expensive car a need to sell 1 year old expensive car.
I understand that I have at least 2 option:
trade in, and proivate sell. Do I have some other possibilities?
I hope that somebody will be able to explain me how to deal with my problem
Thanks in advance!
Trying to sell an expensive car with damage is very very tough, and you wont get a decent price for it. Ditto on the trade.
Have you considered trading it in? If that car is worth, say, $30K, You'd also be looking at a $1,800 sales tax credit at 6%.
I'd look into those first.
Bill
Slowest Jag I've ever driven? Mine in Boulder! That Passat really is nice.. I forgot about the 4mo only being tiptronic. And those start getting up there.
Why doncha go drive a Passat silly?
Bill
"Have you considered trading it in?" - Yes it is a first thing which comes to the mind.
Isn't it more beneficiary somehow to disconnect buying car from selling it. I mean is the trade in price more or less equal to the price I can get when just selling the used car to the dealership?
Example:
Sale Price of new car: $25,000
Less Trade-In Value: ($10,000)
Trade Difference: $15,000
In this case the taxable amount is $15,000
Say sales tax is 6%, in this case you'd pay sales tax of $900, versus $1,500 on $25,000.
So your trade-in also saved you $600 in sales tax.
This is why if you have a very valuable trade, the sales tax credit can often make selling the car yourself seem a lot less worthwhile.
Bill
Bill
Boris Pitel.
Thanks.
Bill
Brentwood Volvo is an old emplyer of mine in St Louis, MO (Nice store tho).
Bill
Makes sense to me come to think of it... Propeller-Driven Airplanes used turbochargers, right?
Bill
Turbos and intercoolers compress (make more dense)and cool the air being fed into the cylinders. Air is naturally less dense at higher altitudes. Normally aspirated cars are sucking in less dense air, therefore less energy output from the engine. I would imagine that turbocharged engines, since they are artificially compressing the ambient air, would be less effected by the density of the incoming air.
Hope this makes sense.
To be fair I have no idea where that truck ought to sell.
However, I'm sure the dealer wants to get rid of it, But bear these two things in mind:
1) I dont think there are any incentives on 2000s anymore.
2) Leftovers are rarely a good buy unless you get like another 10% off or something. Even then I'd say to go with a 2001.
And I really dont have much wholesale data on those to give you an idea of a retail price as a used car.
Bill
ps- go for the 01
Good luck,
Terry.
Just wanted to thank you again for when you gave me an estimate on my 2000 Intrepid's value. Since then, it's now over 40,000 miles, so I'm sure it's a wholesale piece!
I have a co-worker, whose mom has a 1999, base Intrepid, but with a few options like power seats, remote entry, etc. It's kind of a gray-ish silver. Anyway, she wants to trade it in, and the dealer offered her $11,000 for it. It only has 10,000 miles on it. Does $11,000 sound about right to you?
Personally, I think she's a fool for wanting to get rid of it so soon. I don't know how much she paid for it, but her husband was a Chrysler employee, so they get to buy the things at-cost (at whose cost, I don't know).
I'm almost tempted to offer her $11,000 for it and buy it myself...that way I'd have a nice car and one to rag out. I'd also be stuck with 2 car payments, though :-( And I still owe about $15,300 on mine, so I'm stuck with it for awhile!
Still, I know a couple people who might be interested in a car like that. If I had one of them offer her $11,000 for it, would that be a good deal? I almost bought her last trade-in, a '94 Intrepid 3.3 with 30K miles, for the $7500 the dealer offered her (back in the summer of '99)
Thanks again for the info!
-Andre
I have just seen about 200 Intrepids (among 3,000 other brands ) run through a Manheim auction on wednesday..so this will give you an idea....2000 ES 's ( leather, 6 cd everything,but a -P.roof with 12-15 K are running around $12,800 to $13,200....So, if mom is getting $11,000 for a 99 base ..'real money'..that's a very good deal...so, she can sleep easy on that, even with low miles most would be looking around 10,000 ish.
Good luck.
Terry.
If you don't drive many miles a year, you take a really big depreciation hit as you car is immediately a year old or more when you drive it away. So if you are a low milage driver and trade often, not a good deal, IMHO.
But...
If you drive higher miles and keep the car just the right amount of time to make the mileage for that model year to look pretty standard, it MIGHT be a good buy.
For example, let's say you put 15K on a car in a year. After three years, your car will have 45K on the clock. But if it is a 4 year old car, 45K probably doesn't hurt as bad as on a three year old car. Probably really depends on the car.
However, the downside is the "insured" value. You could find yourself in the situation where you owe more on it than the insurance paid off. But to be fair, most people who put little down and finance for 5 years are in the same boat.
Maybe you should disregard all of this if it doesn't make sense, I've had 4 hours sleep the past 48, and I've had sooooo much coffee, that I can't sleep yet.
TB
They arent going berserk on it, but they arent stealing it. I think that $11K is strong on that car. It's just over average book, which a car like that has to be super nice to do.
Bill
If you drive 30K a year, then buying a leftover with strong resale can be the cheapest way to go. Ditto if you do 20K a year and buy a leftover and trade every 2 years.
Right now a 99 with 30K is ok. Doesnt matter if it's 12 or 24 months old. Ditto with a 98 with 40K.
But a 99 with 40K is tough... as is a 2000 with 30K.
Bill
I promise I'll tell you guys tho!
Bill
Who came REAL Close to doing a Nissan-Volvo deal
I am curious though. Do you do this because it's fun or you like to help folks or both? Does this help keep you in practice? Or do you do so much of it that it's almost second nature?
Yo Bill, persistence pays off, no? Good job!
I think it's more that I enjoy it, that maybe I'm trying to show that we're not all sleazebags (Although some people in here are pretty obnoxious towards us regardless... I generally dont help them out) and it's fun.
Also I'm helping people out.
BC.. good to see you back!
Bill
Sounds like you did very well on the BMW. Good thing you did it now versus waiting till May!
Good luck with the BMW, I'd imagine it's a lot more fun than the Honda, huh?
Bill
Do you know of any sort of "auction" for private party used car sales - like a place where a person can take their car and have other people bid on it? I used to live in florida and i thought I remember there being someplace like that near miami. Maybe someone knows of such a place...not necessarily in Florida.
Why I'm asking is that after two months of advertising and not showing my car to anyone I have to start getting creative with methods of selling it. A Dealer quoted me $7500 which is way low and i had to work him up but he only went as far as $8300, and I remember you telling another '98 Monte Carlo owner that average wholesale is running at about that range.
I think that the problem is not with my car but rather where I live. The market here is just not in favor of these kind of cars.
I'm thinking that there might be someplace like that in Florida because a lot of used cars in florida end up as exports.
bruce
You tried eBay? I dont know of any Public Auctions here in Orlando, or in South Florida. Only ones I know are dealer auctions and you'd have to have a dealer bring the car and.. well.. you know...
Bill
bruce
Like Bill had mentioned....You can go Ebay - or clean her up...make it look look a diamond put it in the best papers in your area.
Hope this helps
Terry.
Keeps folks from just dropping in on us at home. We've sold two cars this way.
So, just like in real estate, it's location, location, location in my case.
TB
She wants the TL S-type when it comes out. I figure when the time comes, our TL will have about 20000 miles.
Also, we have a aftermarket stereo system-$5000 worth-all new speakers, kick panels, sub-woofer, amps, head unit and in-dash eq,..custom installation. If I trade the car in, will the stereo enhance or depreciate the trade in value?
Oh one more question. When we got our TL, we initially wanted the nav. But they didn't have any on the lot. We were also told by the sales lady that the nav will hurt the resale value. Is this true??
Dave
But it costs $25 to list on eBaymotors and its cheaper than the paper.
You tried the Auto Trader too? Herald?
Bill
About the Stereo...
YANK IT OUT! If anything I'll bid that car a bit lower because of the modifications.
Yank it out and put it on eBay or put it in the Type S or something.
And as far as Navi goes.. I wouldnt say that it hurts resale but it doesnt really ad to the car's resale value either. Car might as well have a gold package instead. I'll say this:
The Average Wholesale price, roughly, of all 2000 3.2TLs now is in the upper $23Ks
The Average Wholesale price, roughly, of all 2000 Navi's now is in the low $24Ks
It is a $2,000 option, isnt it?
Bill
I've been enjoying the SVT Contour for about a month now. The 99SE is slowing leaving.
I just sold the aftermarket wheels and tires for a little less than half what I paid for 'em two years ago.
Not too bad. Now off for some Borbet type T's and tires in the next few weeks.
And of course, thanks again for your great service.
Cheers,
TB
P.S. 140+ indicated on I-255 NorthBound, against the wind
So, i might try an ad in the nashville newspaper - what the heck. So if I have to drive 100 mi to sell my car at this point I'll even give the buyer a free tankful! LOL
bruce
I'ma be in St Louis this weekend.
Actually Collinsville/Edwardsville for a wedding in South Roxana.
Since airplanes suck, I will be driving this---->
Cabernet Red 97 XJ6, Orange County, FL License Plate.
Shoot.. if you wanna grab a beer or somethin shoot me an e-mail for my # @ orlandodealer@aol.com
Bill
Who leaves in the AM