Last post on Nov 07, 2013 at 4:56 PM
You are in the Chevrolet Impala
What is this discussion about?
Chevrolet Impala, Sedan
#2181 of 3636 Re: Trade In Value of 2006 Impala [billwfriend]
Dec 20, 2006 (9:40 am)
What do you mean do my homework. Since the 1950s GM has been the fleet leader in cars/trucks. Check the Kelley Blue book for values on cars and after any year of ownership a comparable Japanese make will be worth more then a comparable GM/Ford/DC car. After 3,4,5,6,7 etc years a tiny Toyota Corolla brings more then any Chevrolets midsize offerings at trade in time. 12 month period between 2004 and 2005 over 50% of all Impala sales were fleets. This was a record for GM. Good news for a used Impala buyers but not for someone who trades new ones often.
GM has been criticized the past few years for high fleet sales and at the start of 2006 they made less Impalas available for fleets. Still a long way to go.
Toyotas, Hondas, Mazdas, Nissans all have much better comparable resale values then any of the big three. Thats a fact. Check it out.
#2182 of 3636 Re: Trade In Value of 2006 Impala [dispencer1]
Dec 20, 2006 (12:40 pm)
Do even better: scout out-of-lease used cars. Three years-old, barely 36000mls., repair record and most of the depreciation accounted for makes them winning deals.
#2183 of 3636 Re: Trade In Value of 2006 Impala [dispencer1]
Dec 20, 2006 (2:21 pm)
Question - You say your Impala depreciated $10k in 9 months. If the trading dealer offered you $13k, then to lose $10k that'd mean you paid $23k. Since a 2006 2LT speced as you describe would list for $23,620 you would have paid list price for the vehicle to lose $10k. It is very unlikely that anyone paid list price for an Impala 9 months ago, since there were certainly rebates and discounts offered on the car. These are taken into account when determining the resale value of a vehicle. Part of the reason a Camcord will have a higher resale value is because they typically sells closer to their actual MSRP. Everyone knows the MSRP of domestic cars are typically inflated, and that is reflected in the resale value.
Tell us what your car listed for, then tell us what you actually paid for the car, and THEN see if the difference between what you PAID versus the trade-in offer was $10k.
As an example, in my local paper a dealer is selling a 2007 LS which lists for $21,710 with a discount of $2,010 and a rebate of $3,700, for a total sales price of $15,995. That's almost $6k under the list price, so if trade in on this car 9 months from now is $11,710 ($10k less than the list price), that's a depreciation of $4,285 - still nothing to brag about, but a far cry from losing $10k.
My experience has been that you might pay more for the perceived quality of a Camcord on the front end, and you may get that extra money back on the back end when you sell the car...but if look at the actual out-of-pocket amount it runs about the same. You'll pay less for a domestic car, and it will be worth less in the end, but for comparable vehicles the difference in what you actually spend will be negligible
#2184 of 3636 What Air Pressure...???
Dec 20, 2006 (2:49 pm)
Hey you 2006/2007 SS Impala owners out there....
What's the best tire pressure( cold) to run in the stock
Goodyear Eagle RS-A's -235/50-18.
Help would be appreciated...
#2185 of 3636 Re: What Air Pressure...??? [mymitties]
Dec 20, 2006 (3:54 pm)
I run the recommended pressure in mine which I believe is 30 psi. Ride and handling seem to be just fine. Are you looking for a softer ride, better handling, better mileage?
Dec 20, 2006 (6:48 pm)
Hey Ron ...
Thanks for your response here and your other one under "tires and suspension".I have a 2006 Impala LT(2).. now with the SS wheels/tires (Goodyear RS-A tires 235/50-18)installed...
I had to change the rear struts to the SS versions for clearance.
Tires were hitting the rear strut spring perch on the stock ones. Everything is fine now and they look great !!I have 30 lbs in them right now and just wanted to make sure this was ok. Someone told me to set them at 35 lbs.I am not worried about soft ride, mileage, etc, just the right tire pressure number as the accurate SS sticker is not on the inside of my door. In addition,i was going to change my front struts also to the ss firmer ride, so i thought, only to be told that all the front struts on all impalas are the same part number and therefore are the same... I don't quite understand this as the SS has the sport suspension(fe3).This is coming from my gm dealership.Do you know who can possibly help..??
#2187 of 3636 Re: Trade In Value of 2006 Impala [dispencer1]
Dec 21, 2006 (9:37 am)
I looked into trading my '06 LT2 (Buckets, Alloy wheels, Bose, Power Seat) back in September when it only had 3,000 miles on it. Dealer quoted me $15K trade-in towards a new '06 Jeep Grand Cherokee. I paid $20K for the Impala, and I expected there to be some "negative equity". I was not surprised by the trade-in value quoted.
I elected to keep my Impala for the time being. We will see what happens when I go to trade it at 24-30,000 miles
#2188 of 3636 Re: Trade In Value of 2006 Impala [ryster]
Dec 21, 2006 (1:56 pm)
If they offered you $15,000 for your Impala, what deal were they going to make for you on the 06 Cherokee. Most dealers will inflate the offer on a trade in and give you less off on the new vehicle you buy. Did you ask what the best deal was on the Jeep if you didn't have a trade in?
#2189 of 3636 Re: Thanks Quietpro [mymitties]
Dec 21, 2006 (5:24 pm)
Oops...that was a guess earlier and I was off. I just checked and the recommended pressure is 32 psi.
I will try to confirm what you're hearing about the front struts. I'm hoping you were told wrong because otherwise, I may be stuck with a soft front suspension.
With the new wheels, does your car seem to ride higher than with the stock wheels? My sister's 3LT seems lower than mine.
Dec 21, 2006 (6:15 pm)
I know that when I traded in my 05 impala with 35,000 miles on it for a new 06 LTZ the dealer only gave me 18,500 for a trade in on the new impala. I had the 05 for 11 months. I paid 30,000 on the 05 LS( canadian dollars btw )brand new. Dealer told me because there is so many used impalas out there for the reason being the value at trade in. So there ya go. Funny thing is though the dealer listed my 05 impala for 24,500 on the used car lot. Money to be made if your a used car dealer.