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Smart Shopper Real-World Trade-In Values
38933 messages, Last post on Dec 01, 2009 at 8:29 AM
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Replying to: sandman_6472 (Jul 06, 2009 4:08 pm) |
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Replying to: sandman_6472 (Jul 06, 2009 4:08 pm) As long as you have the time to do all these test drives, couldn't hurt to at least check out an S60......or an Audi A4, or bmw 3.....do as much comparison as possible..... |
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Back in late 2005, my local Volvo dealer had a 2005 S40, 5-speed manual, white/black cloth interior and NO options that sat on their lot for months. The MSRP was around $23,500, but eventually they had it sale priced at $18,495 trying to move it. I test drove it and liked it quite a bit. I seriously considered buying it. But while researching the S40, I learned that it shared the Ford C1 global platform with the Mazda3 and European Ford Focus. Ford, Mazda and Volvo engineers created the C1 platform as a team. Long story short, I found the Mazda3 5-door to be a bit quicker, handle better and it looked a lot sportier! I bought an '06 Mazda3 instead. I've been thinking about getting a new (or almost new) car in the last few months. I test drove an '08 S60 2.5T and an '07 S40 T5, both were priced at $21k. According to Edmunds.com, a new 2009 S60 2.5T that sells for $30,500 NEW depreciates $9065 in the first year! Then it only depreciates about $2k per year for the next 3-4 years. For some reason the S60's value tanks in the first year, making them poor new car choice BUT an excellent used car value! I've found several '08 S60s in the Atlanta area, all with under 20k miles, for as low as $19,500! |
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Never thought of this option actually. And the wife liked the S40 but hated the rear head rests, so in '05 she got a Mazda3s sedan which she loves. I must admit, it's a hoot to drive and behind the wheel, I do get it up to speed. But will consider the S60 now as an alternative. Good thing is I have time on my side and have the $ in the brokerage account. Never liked buying a car in a hurry...like to take my time. The Sandman  
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sandy, look at the stories from the sales frontline thread (in cas eyou dont already). Just had a discussion about them. Really good deals right now to be had. |
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| Big money back on S60s now with production shut down and the model being closed down. | |
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2006 Jeep Commander 2wd Limited package (top of the line) no nav or dvd mid level 4.7 V8, not the hemi, black exterior, light taupe leather interior no accidents, minor blemishes repaired by mobile touch-up guy 30,500 miles South Carolina I asked about this around the 8th of June and you said wholesale of 12-13k. Chrysler Financial says they can get 16,770 at auction and my buyout is only $10 more at 16,780. Are they full of it or did you price a lower end version at 12/13? Dealer asking prices in my region seem to be 19-21k for comparable vehicles. If I can buy it out and sell it myself and pocket a grand or so, I might give it a try. Will this vehicle bring enough in a private party transaction to make it worth it? Lease ends at the end of September so I have time on that but the tag expires 7/31. I would get most of the money back as a proration when I return the plate but I have the additional cost of insuring a vehicle that I don't need anymore and the aggrivation of having too many vehicles in the driveway. I can turn it in now, pay the $425 return fee plus the 2 remaining lease payments for a total of $1198.xx. This represents a small discount on the 2 remaining $463.xx lease payments. (1351 vs. 1198) So....it seems if turning it in and walking away is the answer, then it is to my advantage to do it now rather than later. Buying it out will most likely include a $300 (max) state sales tax that I would have to pay before transferring it to a new owner that I would have to figure into the transaction. Buy it or walk away? Thanks
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Wife would kill me if I did n e thing right now. Going up to Orlando Saturday to bring my kid back home from her internship so I'll see how my pillow on the seat set up works. It's 2 1/2 hours each way and I'll be driving alone so I'll see how the Civic seats feel. If no issues, then I'll definitely keep it and wait a bit. Getting another small inheritance within the next two months...finally, so I'll have the $ to buy anything outright, even a RX350 which would be cool. Those seats are phenomenal. Can just imagine the look on her face if I drove up in a new RX...priceless! So I'll be in this holding pattern for awhile yet. The Sandman
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Replying to: traindriver (Jul 08, 2009 6:51 am) I would absolutely not base the decision on what Chrysler Financial "says" they can get at auction. Paying $16,780 for a V8 Chrysler SUV w/30K miles--to try to make only $1K-- seems like a poor gamble. My amateur guess is you'd be lucky to break even......& that potential buyers may really try to beat you down on this one......
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Replying to: sandman_6472 (Jul 08, 2009 8:58 am) |
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