| bdmd |
| anyone recently trade in their 'X for a newer model, and if so did your actual trade in value equal what you thouht you would get? Mine is an '02 with 35,000 miles in what I would consider excellent condition. No body damage, no interior damage (the drivers seat leather has some faint creasing)--it really looks brand new. Mine is the non-touring model with the roof rack and wheel locks added, no navigation. According to Edmunds and KBB online, my trade-in value should be around 26K. I owe only about 22k on it, so if I can get what I hope to on trade in, I want to get a 04 or 05 (funny how I could do that and have significantly lower payments than I do now). Any thoughts? |
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| AndreX |
| In a short conversation with a NY-based "stealer" they would give $27.5 K on my 2003 Touring (no Nav / no RES) with 13 K miles on a 2004 Nav for $38.5K. Not worth it, IMHO. |
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| KC188 |
As a reference, the 01's were in the lots selling for 26k-29k here in NJ depending on touring/non-touring, nav/ without nav.
It all depends on where the dealer is located, # of 01's sitting on their lot and their willingness to discount the 04's since the 05's will be IN - any day now....... |
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| msu79gt82 |
| I traded an '01 for an '04 back in late January and rec'd basically what Edmunds/KBB/Nada/etc said I should get (maybe a little more actually). |
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| JeffK |
FYI, I just went to KBB.com and checked out the trade in value of an '02 with 35,000 miles in excellent condition. I used zip code 11050 - Long Island, NY.
The trade in value is $23,800. not $26,000. |
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| Echo2625 |
Jeff...
Edmunds says a 2002 in outstanding (excellent) condition IS worth $26,000 trade in using an Ohio zip code |
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| JeffK |
On used care prices I have found Edmunds to be virtually worthless. There are many threads that confirm this.
I went back to www.KBB.com and used zip code 43085 (Columbus, Ohio). Value of '02 with 35,000 miles is 23,600.
JeffK |
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| Echo2625 |
Jeff,
Edmunds has worked great for me for years. I recently (within the past 6 mos.) traded 2 cars and got almost exactly to the penny what Edmunds suggested that they were worth. One trade, a 2000 Jeep Grand Cherokee, a got another $1000 more than Edmunds suggested and that was on an invoice deal |
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| JeffK |
Went to Edmunds and used zip 43085 to obtain values for '02 MDX, 35,000 miles, color black in excellent condition.
Now please remember that you can buy A BRAND NEW '04 MDX for invoice - about $33,500.
Here are the prices listed by Edmunds:
Dealer Retail: $29,500
Private Party: $27,100
Trade in: $25,800
IMHO, these prices are totally unrealistic: Who would pay $29,500 for a two year old MDX with 35,000 miles (only 15,000 miles left on warranty) when for only $4,000 more than can buy a BRAND NEW '04 MDX with a 50,000 warranty????.
No one I can think of!
Use the Kelley Blue Book values. If anything they are a bit high, but much closer to the actual market.
JeffK |
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| msu79gt82 |
I sold a '99 Expy to Carmax in March '01 and got what Edmunds said it was worth (higher than KBB). We traded the '01 MDX in Jan '04 and also got what Edmunds said it was worth (again higher than KBB). Also in March of '04 I replaced a '77 RAV4 that my oldest wrecked and Allstate totaled. At first Allstate offered essentially KBB; however I was able to get them to come up significantly by using area comps found on the internet (carmax, autotrader, etc). I am getting ready to trade the '02 TL-S and have NOT been able to get the Edmunds figure, however I have been able to easily beat KBB.
In my most recent experience I have found KBB to be rediculously low in their valuations. On 4 different vehicles in 3 different circumstances (sale, trades, insurance) I have significantly beaten the KBB valuation. In two of those instances Edmunds was right on, and in the other two Edmunds, though high, was closer than KBB. |
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| JeffK |
Dear msu79gt82:
So you are the one who will pay a dealer $29,500 for a two year old MDX with 35,000 miles rather than $33,500 for an '04 with zero mileage!
I hope not!
(see my prior posts with dealers, private and trade in values from Edmunds)
JeffK |
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| ashVID |
This works both ways. I was looking up the value of my 03 Touring/Navi/9300 miles just for fun the other day and Edmunds says it is worth:
Dealer Retail:$36,662
Private Party: $33,701
Trade-in: $32,087
KBB says:
Dealer Retail:$41,360
Private Party: $36,835
Trade-in: $32,425
VERY different and from asking buddies who actually sell used cars they say the trade in is right on, the private party is prolly more like $35K and the dealer is prolly $37,500
Some of those numbers sound insane to me as I paid $36,800 BRAND NEW. BUT, if you check a northeast OK zip code, you see that this is what these are going for....
ash =o) |
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| phild_mason |
Prices are dropping for MDX's. With the model change etc. One place to look for pricing is E-bay. It is a "perfect" marketplace with lots of supply and demand. The "Buy It Now" pricing will give you some ideas.
A couple weeks ago bought an '03 Touring with 44k miles on e-Bay for $25,200.
I felt it was a good deal. It was a lease return were they just put on miles. The X is spotless. I am in the process of changing all the fluids/filters and things look pretty good. |
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| DaleB |
quote:
Originally posted by phild_mason
Prices are dropping for MDX's. With the model change etc. One place to look for pricing is E-bay. It is a "perfect" marketplace with lots of supply and demand. The "Buy It Now" pricing will give you some ideas.
A couple weeks ago bought an '03 Touring with 44k miles on e-Bay for $25,200.
I felt it was a good deal. It was a lease return were they just put on miles. The X is spotless. I am in the process of changing all the fluids/filters and things look pretty good.
Congrats on your new ride! Looks great. Sounds like a good deal too! |
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| BigPuppy |
Received $36,000 for 04 Touring w/ Nav 12.5K miles on trade for 05 Audi A4 Avant two weeks ago. Negotiated $500 over invoice, so I believe the number represents fair market value, although I did lease the new vehicle so there may have been some add'l dealer incentives (such as the bogus "acquisition" fee.) Initial offer was $34K based on some irrelevant recent auction that took place in the Nevada desert. I asked for $36,500 so was satisfied with the result. Keep in mind that the SoCal market is fairly strong for the MDX, so adjust accordingly.
BTW - 2 weeks and <1K miles with the new car, I've already had to take the car in for warranty service on 2 separate ocassions for "coincidental" oil leaks, leaving me first with a Toyota Corolla followed by a Kia Optima as loaners. Needless to say I miss my X a great deal now. Guess that's the hidden price I'll bear for trying to be more environment-friendly. I really wish we have more options for sport wagons here in the States.
Perhaps in 3 years when the lease on my Audi expires Acura will have come out with a hybrid MDX. |
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| hollafat08 |
| I had a 01' touring and nav and gave it in for a 04' with da same options. I had 27,000 miles on the car the dealer gave me $32,000 they paid off what i owed on my lease and gave me an extra $3,000 to use as a down payment for the 04' I got. |
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| crmsnidol |
quote:
Originally posted by BigPuppy
BTW - 2 weeks and <1K miles with the new car, I've already had to take the car in for warranty service on 2 separate ocassions for "coincidental" oil leaks, leaving me first with a Toyota Corolla followed by a Kia Optima as loaners. Needless to say I miss my X a great deal now. Guess that's the hidden price I'll bear for trying to be more environment-friendly. I really wish we have more options for sport wagons here in the States.
The city mileage for the A4 Avant is around 20MPG or only 3-4 MPG better than the X. What environmentally conscious thought crossed your mind that had you trade in the X after less than a year for the Audi? Are you sure that was the reason for trading in the X? |
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| BigPuppy |
quote:
The city mileage for the A4 Avant is around 20MPG or only 3-4 MPG better than the X. What environmentally conscious thought crossed your mind that had you trade in the X after less than a year for the Audi? Are you sure that was the reason for trading in the X?
Actually, fuel economy was indeed one major driving factor for me. Of the 12.5K miles I put on the X, I can only recall 1 tank (that very last fill-up) where I averaged 18 MPG. Previous tanks netted a fairly consistent 17-17.5 MPG average using premium. While I may not have the most conservative driving style, I rarely exceed 70 MPH and do more freeway than city driving, so fuel economy for the X was a disappointment.
By comparison, the A4 Avant w/ Tip is rated at 20/28, but just from my first couple of fill-ups I'm seeing ~23 MPG on non-premium gas and expect a modest improvement over time. Still, even a 5-6 MPG gain (a 30%+ improvement for my driving style) in fuel economy may not seem worthwhile. Perhaps it's more accurate to say that the disappointment in perceived vs. realized fuel economy of the X was more of a driving force.
Nonetheless, you are absolutely correct that there were other considerations as well. If fuel economy was what motivated me to seriously consider the A4 Avant, then its interior styling, from placement of gauges and controls to the ample high-grade, driver-oriented materials / appointments surrounding the car, along with overall quality of fit & finish was what truly won me over.
Please don't misunderstand...the MDX is, without question, a great vehicle and one I was proud to own. Among SUVs I'd argue that its combination of performance, practicality, styling, and thoughtfulness supported by Honda engineering places it at the top of its peers. Yet, for me personally, I always felt somewhat disconnected from the X.
I'll preface any further comments by stating that my passion for cars frequently leads me to make decisions that toe the line between sanity and utter senselessness. That being said, I strongly believe in the value of a car as a true expression and extension of its owner. It's only when I feel "connected" with a car in this fashion that I can unequivocally say I enjoy driving the car - as opposed to merely praising it as a great car because there's little to dislike.
In time I'm sure my thinking will evolve to the point where I can make better-balanced decisions when it comes to my choice of cars. At this point, I'm not sure I made the right decision that would satisfy my own criteria on driving enjoyment (I'm even less sure on sensibility.) After all, how much enjoyment can anyone derive from a car perched atop a dealer's lift?
Sorry for the lengthy response. I'm sure it came off as mostly a gratuitous & self-serving discourse so - pls be kind and forgive a new poster.
In any case, the intent of my original post is still valid - $36K on trade-in for a car I paid $39.5K for reflects a very strong re-sale value for the X.
Thanks! |
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| yoshii |
| Which dealer in NY did you go to? |
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| Danpat |
| The tax that you pay is only on net total, which is the purchase price less the equity in your trade in. I've traded two cars on over the years and it almost brings you clsoe to the private party price but without the hassle. |
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| SteveNsx |
KBB on a 91 30k miles NSX..........$18000!!! Give me a break....
I will take 10 for that price.....KBB, edmonds..they are just calculated guides. It is very obvious that they are not taking ACTUAL selling prices from the market. I have never seen an NSX in this condition for close to that price. They are selling on the open market for about $35,000 for that year and mileage so you figure what is fair dealer markup....I would like to think they can't make 17k on an 18 k investment! |
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| JeffK |
Dear SteveNSX:
When it comes to low volume sales, which fits the definition of an NSX, Edmunds and KBB, are worthless.
Another example is my 2003 Boxster. Both Edmunds and KBB were saying that they were going for list.
In fact the dealers were discounting them $4500.
However, I have found Edmunds and KBB trade in value (wholesale) to be right on - especially when the car is 3 to 6 years old. In the first and second year there can be a variance due to local market conditions. Of course if you are willing to go through all the aggravation and time, you can always do a little bit better.
JeffK |
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