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Real-World Trade-In Values

38947 messages,  Last post on Dec 08, 2009 at 12:48 PM

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What is this discussion about? Car Buying

Appraise your car get trade-in, private party, dealer retail values.


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#36354 of 38947
Re: Trade in value on a 2001 RX300 with Nav? [volvomax] by ny14337
Oct 14, 2008 (4:17 pm)
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Replying to: volvomax (Oct 14, 2008 9:20 am)

Would you believe they offered me $6500??? This is a car that books out on Galves (which is what the dealers in NY see to use) at btwn. $10,500 and $11,500, and my car was mint and totally loaded. Guess I'll be selling this vehicle on my own.
#36355 of 38947
Re: Trade in value on a 2001 RX300 with Nav? [ny14337] by volvomax
Oct 14, 2008 (4:18 pm)
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Replying to: ny14337 (Oct 14, 2008 4:17 pm)

Yikes, that is low.
 
Good luck selling it yourself.
#36356 of 38947
RX300 by stickguy
Oct 14, 2008 (6:10 pm)
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that the one on long island? Heck, I am looking for a car, and I would buy it from you sight unseen, baed on this description, for that much. And I don't even know you!
#36357 of 38947
Re: RX300 [stickguy] by ny14337
Oct 15, 2008 (5:15 am)
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Replying to: stickguy (Oct 14, 2008 6:10 pm)

Can you believe the lowball offer? I know the dealerships want to be able to turn a profit but that's just ridiculous. There are RX300's being sold at dealerships on Long Island for $15k and $16k and most of them don't have navigation. So I figured I'd be able to get $11,500 without much of a problem. Guess I was wrong. I know I can sell if for much more through private party but I just didn't want to deal with the hassel of having people come look at it, test drives, etc...
#36358 of 38947
Re: RX300 [ny14337] by corvette
Oct 15, 2008 (5:33 am)
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Replying to: ny14337 (Oct 15, 2008 5:15 am)

I've seen a handful of dealers that seem to have the attitude that if they can't gross $5-6,000 on a deal, it's not worth their effort. Hard to believe that customers will put up with that!
#36359 of 38947
Re: RX300 [stickguy] by ateixeira
Oct 15, 2008 (7:25 am)
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Replying to: stickguy (Oct 14, 2008 6:10 pm)

C'mon, that's not nice, taking advantage of him like that.
 
psst - I'll give you $6600.
 
Just kidding.
#36360 of 38947
Re: RX300 [ny14337] by volvomax
Oct 15, 2008 (7:45 am)
Reply

Replying to: ny14337 (Oct 15, 2008 5:15 am)

Well, the dealer in question has to have a buyer for your car.
If they aren't going to retail it, they have to have a wholesale buyer.
If they don't, they aren't going to stick their neck out especially on an older SUV.
They probably feel "safe" at $6500.
#36361 of 38947
RX offer by stickguy
Oct 15, 2008 (8:27 am)
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Like Max said, you have to look at all the factors.
 
Overall sales at dealers are in the tank. SUVs are still getting the brunt of it. The dealership probably already has a large supply of this type of vehicle, and doesn't need more. Same with the wholesalers.
 
And while 88K isn't a tremendous amount of miles for a 2001, it certainly isnt a low mile car. So they have to factor in rehab costs.
 
I don't remember what you were looking at (or who lowballed you), but if they aren't planning to put it on their own lot, they are at the mercy of the wholesalers. And they probably aren't offering much.
 
So, while you may not like it, going the private sale route is probably your best bet. Sounds nice, so it shouldn't be too hard to sell. Try the for sale sign in front of the house and work first. Cuts down on the flakes you get off the internet!
 
Oh, and IMO many of those dealer list prices are fantasy. They can list it at whatever they want, but do you seem them moving off the lot very fast?
 
To me, if I saw your car local listed for a quick sale at 10/11Kish, I would be very interested in checking it out. But not at 15/16K.
#36362 of 38947
Re: RX300 [volvomax] by ateixeira
Oct 15, 2008 (12:25 pm)
Reply

Replying to: volvomax (Oct 15, 2008 7:45 am)

I just saw gas for $2.91, so that may help the SUV segment, but then again, most people need a loan to buy an $11k vehicle and credit may be an issue.
 
My guess is the used car market will slow just as the new car market has.
#36363 of 38947
2003 BMW 325iT wagon by stickguy
Oct 15, 2008 (1:10 pm)
Reply
philly area car, private sale. Assuming it is clean with no accidents, etc., what would be a realistic price to offer on this?
 
This is a 2WD Automatic 6 Cylinder BMW. The automatic unit permits manual gear changes. Shiny black exterior with gray Leather seats. Has no major dents, dings or scratches. Has steering wheel controls and sunroof. Runs and handles great. Want to sell to buy an SUV. Has 69,000 miles.
 
Looks like a premium package car, non-sport.

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