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Smart Shopper Real-World Trade-In Values
39384 messages, Last post on Mar 20, 2010 at 8:22 AM
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Hi, I have a somewhat complicated issue that I will try to keep simple, but first, I’m curious to know the trade-in and private sale value of my vehicle: 2001 Volvo S60 T5 Silver exterior/black leather interior. 45,000 miles, Automatic auto-stick. It is a fully loaded model (see below for features) and in outstanding condition on the interior. Exterior is in excellent condition, near perfect paint with only a few scratches, and no dents or dings. There is one broken fog light and a right front rim that is a little worn from hitting a curb. Tires are also at only about 20% and will need to be replaced very soon. Now here’s the complicating factor. A reliable mechanic tells me that it needs about $1,000 in work to repair/replace cracked arm bushings and a mass airflow sensor. Here’s my question: What’s my best option? Repairing the car, putting new tires on it, and selling it privately, or just trading it in as is? Thanks! Ron Primary Interior features: Dual power seats Heated seats 5 disc cd changer Cruise All power Retractable sunroof
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Replying to: rona123 (Oct 14, 2005 8:26 am) Whatever value you'd get privately might involve the $1000 for repairs (depending on how badly needed), + new tires--can't be cheap on a T5. Then there's the sales tax savings if you trade it (in most states). I'd lean towards trading it "as is"......but it may depend on how bad/apparent the problems are. |
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Thanks for the quick reply. Actually, there have been absolutely no driveability issues, and I have noticed no performance problems. The only thing that has happened is that on a very rare occasion, I get the check engine light with a message about emission service being required. Maybe once a week, if that. As such, the only thing that would be noticed during a test drive might be the warning light if it happened to come on. FYI, my mechanic found these items when I asked him to look the car over for any issues that would affect my ability to sell it. Ok, if you don't mind, follow up question based on trading it in. I'm a little bit upside down, but have the cash to pay off the difference. But, I'd like to trade the S60 in for a less expensive used vehicle (around $10k) to reduce my payments. Assuming my Volvo is valued more than that, how does that work logistically? Thanks again!
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Replying to: rona123 (Oct 14, 2005 9:25 am) |
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Will do, thanks. So any idea of the trade-in value for my Volvo as-is then? Or is that someone else's expertise? Thanks again
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Hello, Need help with trade-in value for a Camry which is in the process of being repaired after suffering $10,500 damage to the front: fenders, hood, bumper, windshield, radiator, air conditioner condenser, starter, battery. Knoxville, TN 2004 Toyota Camry XLE 4-door 4 cylinder Automatic FWD 7500 miles Black exterior/taupe leather interior Alloys, power seats, power moon roof, JBL stereo system with cassette/CD changer, spoiler, heated seats, side airbags Excellent condition before wreck  Tires - 7500 miles And thanks!
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Replying to: boblib (Oct 14, 2005 4:55 pm) |
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Replying to: rona123 (Oct 14, 2005 2:01 pm) I'm also thinking it could get fairly tricky trading a T5 on a $10K used car at a dealer; & to get a good deal on both ends. (I wonder if dealers are the best place to buy used $10K cars--instead of privately)? You might also try the chronic car buyers forum with some of these questions. In the meantime, you can always throw an ad in the paper for the T5 using the Edmunds Private Party $#, & see what happens......& if there's a CarMax near you, see what they'll pay. |
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I hope someone can help. I think I need to give the whole picture in case it affects the advice. Give me a second to explain-I am newly separated with two kids. I had to apply for SSI on my youngest son due to ongoing disabilities, so I had to sign the title of my QX4 over to my husband in order for Saw to be eligible. The financing is still in my name. I really need him to do something with it. My name on the financing is preventing me from leasing something else (I think I need to lease because I can't have equity in anything or it will affect the SSI). I make frequent trips to Children's Hospital (almost 4 hours away) and to the Dr (over an hour away). I was considering taking over a lease on another vehicle with 14 months left and plenty of mileage available. I guess I need to hit another forum with questions about that, anyway... My husband wants to trade it in on a truck, but there seems to be quite a difference in what the books say and what the dealer says. It is a 2000 QX4 with 82K miles. It is pearl white/champagne trim with tan leather interior. All standard options plus moonroof, roof rack, running boards, multi-disc CD changer, after market DVD system w/flip down screen. The interior is in good condition. No rips or tears. The leather is clean and in good shape. A few stains on the carpet (kids). The exterior is in fair condition. It has a few paint chips and a ding in the rear bumper. No major damage-only blemish issues. It does have new tires and all of the maintenance is up to date. I have checked the NADA and Kelly websites and they both say it should be worth at least $13K even with the blemishes. The dealer offered $8K in trade. I owe just under $11K-am I upside down or not? I live in a rural area in OK-I purchased the car in Dallas. There are very few Infiniti's around here. The nearest market is in Ft Smith, AR, and no Infiniti dealers there either. I am perfectly willing to drive to Little Rock, Fayetteville, Tulsa or Dallas. I am frequently in these places. Would I get a better trade offer in a market that actually sees a few Infiniti's on the road? Am I really upside down that bad? We are not having any luck selling it ourselves. I am not sure people even know what it is. The insurance agent asked me who the manufacturer was-I said Infiniti-she asked again who made it? She had never heard of Infiniti. It looks like I am in an area where this particular vehicle is absolutely not in demand. I sure need some sage advice. Gas prices are rising and I am driving an old pickup to get us to the doctor. I need to do something quickly because his therapy will start soon, and the truck just won't hold up for that many trips a week. Thanks for taking time to read-I know it is a lot of info-sometimes more information is better-I hope this is one of those times. |
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There is a car Im interested in, he is asking 25995 retail What do you think he has in it? Location: SF Bay Area CA Year/Make/Model: 01 Mercedes Benz E320 Wagon Body Style: Wagon Engine: V6 3.2 Liter auto Driveline: RWD Mileage: 38000 Color: [Gold/tan] Major Options: [CD changer Leather.] Condition: Good, one owner, dealer serviced Thanks Steve |
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