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Real-World Trade-In Values

38945 messages, Last post on Dec 07, 2009 at 7:39 AM
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Appraise your car
get trade-in, private party, dealer retail values.
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Well, In that light you really did do well then! Bill
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Yeah, Well maybe I'll save some poor salesman out there the greif when someone comes in with a 70K Mile 97 Sedan DeVille and is waving the $16K valuation in his hands Bill |
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'96 Blue Honda Civic LX, 14,500 miles, automatic, air conditioning. Clean. Seattle market. |
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'94 Honda DX, metallic dark blue, 78,000 miles, a/c, auto, am/fm tape deck, no other options, couple of dings, Central NJ area. Thinking of selling it and buying a Miata... Thanks, Dave |
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Cars that have very low mileage can be tough... I havent seen anything with mileage even close to yours out there, but from what I've seen.. and If I were appraising the car, $9,000 seems to hit me in the head. Maybe a little more.. Hope this helps! Bill |
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Dave, From what you're telling me.. I'd peg that car right around the $5,000-5,500 mark or thereabouts. Assuming it's clean, of course. Hope this helps! Bill |
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| ...how about this? I'll be ordering a 2001 Dodge Grand Caravan, and will be trading in my 1987 GC. Automatic, non-working air-conditioning, dire need of paint, oil leak. I'm in Eastern Pennsylvania. Wot's the Right Price? | |
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| ...the mileage, of about 88,000. | |
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Well, Truthfully, the best way to dispose of that Van is to Donate it to a charity. You'll not only get its' current book retail value as a write-off, you'll be helping a worthy cause. Truthfully, you need to look at your van as I would as an appraiser: It's 13 years old, leaks oil, has no AC in July, and looks terrible (I'm assuming typical Chrysler paint peel and possible surface rust). It's only worth a couple of hundred dollars on trade. Say you're in something like the 30% or so tax bracket. Say you get a $2500 deduction. That's $750 in your pocket, and more than you'll likely get on trade. Anything over a few hundred dollars is likely to be an overallowance I'm afraid. So Donate it, a Vehicle like that can also be very hard to sell on your own and you'll be helping a good cause. Bill |
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