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Smart Shopper Real-World Trade-In Values
38943 messages, Last post on Dec 06, 2009 at 8:44 PM
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Am looking for some guidance on trade-in value for our minivan. We're looking to trade in on a new Honda Odyssey and I've been to 1 dealer who would only go as high as $6000 on a trade (they felt that they were giving us such a good deal on the new van that they couldn't go higher on the trade--I'm not convinced). I called the dealer where we have it serviced and their used car manager said $7500 but wasn't interested in buying it himself--they had a very similar one already on the lot but with 60,000 miles--retailing for $12,991. Trade--in values from KBB, NADA, Edmunds: KBB trad-in: $9945 NADA trade-in: $9575 Edmunds TMV trade-in: $7047 Location: Seattle, WA Year/Make/Model: 2001/Chrysler/T&C Limited AWD Mileage: 47,000 Color: Dark Blue exterior/Grey interior Major Options: CD changer, integrated childseat Condition: Overall very good condition with the following exceptions: Has a few minor scratches in various places--nothing inconsistent with its age and mileage; has a small rock chip (not crack) in windshield directly in front of driver Tires - still on original tires, so they are ready for replacement Single owner; have all service records; maintained according to Chrysler schedule Another question: I wouldn't sell to a private party with the tires in this condition, but I figure that a dealer can replace them cheaper than I can (my cost is approx. $500 installed for a decent set of Michelins). Would I be better off going ahead and replacing them myself so that isn't an issue at negoiation time? Thanks in advance for any guidance.
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Replying to: berkut027 (Dec 30, 2007 11:11 am) Given the low mileage and AWD (how much demand there would be for it in Seattle is questionable), it might sell on craigslist for less than 8K. Putting tires on it would be throwing money away IMHO - just use this as a negotiating point with any potential buyer.
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Replying to: cccompson (Dec 30, 2007 11:54 am) AWD is valuable in Seattle, particularly in the winter--we're only 40 minutes from the Cascade mountains and skiing.
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Replying to: berkut027 (Dec 30, 2007 2:18 pm) I don't doubt the desirability of AWD there, just question how much extra someone would pay for it on a seven year old Chrysler minivan. Probably the best thing you can do is to shop at least three dealers (and I know that Honda price competition in your area is far from the hottest in the country) and get hard numbers for the both the Odyssey and your trade. THAT will tell you what it's truly worth in your market.
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Replying to: cccompson (Dec 30, 2007 5:37 pm) Thanks to you and everyone else on this board--it's great to be able to exchange information with other buyers/sellers and get advice from knowledgable people. |
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Replying to: firasatahmed (Dec 28, 2007 9:57 pm) I assume Accord, so what trim level? Auto or manual? Engine? What part of the country are you in? Need more info to help you. |
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Replying to: akangl (Dec 28, 2007 11:24 pm) miles are high for an 06. There are cars w/ less than 30k miles going for that much in the lower 48.
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Replying to: cccompson (Dec 29, 2007 4:45 am) If your Odyssey is a Touring model, they are a little low, like maybe a grand. If it is an EX-L, they are offering all the money.
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Replying to: kolonya (Dec 29, 2007 6:36 am) |
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Replying to: berkut027 (Dec 30, 2007 11:11 am) It's average at best. The miles do help, but it is still a Chrysler minivan that needs some work. Given that information, I don't see the $6 grand as out of line. The fact that your dealer didn't want to buy it is telling. |
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