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Real-World Trade-In Values

38902 messages, Last post on Nov 24, 2009 at 4:32 PM
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Appraise your car
get trade-in, private party, dealer retail values.
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Replying to: longislander1 (Oct 25, 2009 10:05 am) |
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Replying to: dtownfb (Oct 26, 2009 7:00 am) |
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Replying to: ejones (Oct 22, 2009 5:28 pm) Carmax offered $9,000. I ended up getting $11,200 from the dealer. |
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Replying to: dtownfb (Oct 26, 2009 7:00 am) In fact I just did a deal a couple of months ago where the car traded in was worth nearly double the value of the car they bought. After a job change the customer had to downsize and just couldn't justify a nearly 900 dollar payment anymore. He traded in for a CPO Volvo and got his payment down into the mid 300 range. |
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Replying to: phx1021 (Oct 23, 2009 8:07 pm) I shopped a lot for these last summer, fall, winter, and spring, and saw prices drop in winter and then go down and then back up about $3000 for the same car. That 06, last year mind you, would have been a $17k car in the summer 2008, but by mid-winter was a $15k car at best, maybe even $13.5k when incentives on new ones peaked in March/April ($5000 rebate on left over 2008s). When the 08s were gone the prices went back up again, though, and then even higher when the weather got nice. I stopped looking because I decided to buy a new one. I'll guess that car is priced at around $15k or so given the high-ish miles. If you wait until the dead of winter, though, maybe January-February, I bet you find a clean one for $14k or less. |
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Replying to: phx1021 (Oct 23, 2009 8:07 pm) |
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Replying to: mdan1 (Oct 24, 2009 5:50 am) |
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Replying to: longislander1 (Oct 25, 2009 10:05 am) Please don't say because Edmunds says so. What is probably happening is that dealers know your car isn't worth what you think it is and don't want to deal with that issue.
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Replying to: dtownfb (Oct 26, 2009 7:00 am) 100% not true. We aren't talking about wholesaling cars here. Dealer is going to make money selling their car. The issue is whether or not the trade is really worth what the OP thinks it is.
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Boston, MA 2008 Honda Civic LX 4 Door Automatic Gray 17,000 miles Excellent Condition (no dings, scratches, tires have most tread) All dealer maintenance performed
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Real-World Trade-In Values