Trade in Value curiosity

[Vahagn23]

Hi, I have 19k miles on my V its an 07 Sedan, I always wondered what would the trade in value be for it? anyone know?

[VersaMG08]

Why do you ask? Are you thinking about trading it in for something else? I'm a bit curious, that is all.

[Red Devil]

Hi, I have 19k miles on my V its an 07 Sedan, I always wondered what would the trade in value be for it? anyone know?

Less than what you paid for.

http://www.instantrimshot.com

[Vahagn23]

I was thinking of trading it for a Chevy Impala

[Red Devil]

Model year?

[VersaMG08]

What made you decide to trade it in?

[fjwagner]

Hi, I have 19k miles on my V its an 07 Sedan, I always wondered what would the trade in value be for it? anyone know?

kbb.com

[Vahagn23]

was thinking of the newer models, 07 to 08. Could be used. The V is too small. I sat in the new Impalas the otherday and it was much better. I have sat in many cars. So far I like how the Impala handles.

[VersaMG08]

Have you tried out the '09 Altima? You might like that, it has plenty of room. My dad is going to get one when he saves up enough money. He wants the 3.5L Altima, thing is get up quick.

[Vahagn23]

would the Nissan corp give more on a trade than a chevy? Because I checked at KBB.com and it says an excellent value would be 10k I paid almost 20k for this car.

[AG]

BMW offered me 9-10k CAD for 08 SL manual, 40k km, set of winter tires&rims and set of summer tires&rims.So yeah, unfortunately you gonna loose a lot...

[Bubs daddy]

Trade in value is what the dealer will give you, not a number in a kbb or NADA book. Try trading in a full size pick up truck or full size SUV and see what they give you.

Used car values may have never been lower. You may get back some of the depreciation through rebates and employee pricing or what not. But you'll lose a significant amount. A car loses most of its value the first few years. It levels off after four years or so.

Best thing to do is just keep it.

[frankoV]

better to sell privately than trade in

[VersaMG08]

Put one of those for sale signs on the car with price (can negotiate) with your cell number. That tends to work a lot, also put your ad in the newspaper if you can. Try to be broad by maximizing your effort so people know you're out there. Make sure you accept cash only, that's the best way of getting money. No money orders, checks or CCs.

[fjwagner]

Put one of those for sale signs on the car with price (can negotiate) with your cell number. That tends to work a lot, also put your ad in the newspaper if you can. Try to be broad by maximizing your effort so people know you're out there. Make sure you accept cash only, that's the best way of getting money. No money orders, checks or CCs.

money orders and cashier's checks are fine. Just sold a car on Ebay which went well. However, I do not think I have ever sold a car at KBB private party sale price. Usually closer to trade-in or somewhat above. Also sold a car on cars.com where the buyer flew in from the east coast, met me at the airport, gave me a cashier's check, and drove off into the sunset. Actually, he drove east so the sun was at his back

I echo the comments about selling a car before 4 years or so is up. Those first couple of years are at the highest depreciation level so I suggest hanging onto the car for another couple years. Or, driving it until the wheels fall off. Save money in a special account that you will eventually use to buy that new car down the road (or preferably a two year old car). Fred

[vkheifets]

I disagree with some of you. I work for a Infiniti dealer in the Chicago land area. Values for import used car have been going up in the last few months. I know this sounds crazy but it is true. The issue is not many people are buying new cars anymore. Everything is centered around pre-owned. Cars at auction are selling for well over there actual value right now. My dealer keeps about 100 cars on hand used. Now we are at 34 because we can not buy enough. Do not be fooled your car is worth some money go to nissan and have them put a number on it. worst comes to worst wait another 2-3 months and you will be able to sell it form maybe a little more.

[Red Devil]

You'll still get raped for the trade in. Better to sell privately.

[vkheifets]

That may not be true. Some states allow you to get a tax credit. You pay taxes on the difference between the sale price of your car and the trade in value. So for example say the car is worth 10k at 8.25% tax rate you save $825. By time time you have your car set up detailed and touched up you spend more money. You list it for sale and that costs some money. you add up all of these nickels and dimes and you have some more. How much do you have to retail it for to have it make scene. Plus the person might have to get financing and dealing with a bunch of idiots. At what point do you say it is not worth it.

[VersaMG08]

I think you could write off the taxes for what is charged when you sell it to a dealer. Maybe get some money back, I don't know for sure.

[vkheifets]

State to state the tax laws differ. you could also right it off at the end of the year but that is something totally different.

[AG]

Yeah tax relief in a trade in is nice (Ontario taxes are 13% I think), so it makes a difference. Then, to sell Versa privately you have to pay it out in full (that's what Nissan told me).

[Bubs daddy]

Most states allow you to write off the sales tax. Indeed you only need to pay the tax on the difference. Again though, it's far better just to keep the car when you are upside down on a loan. Between the depreciation you'll pay, the extra tax you'll pay, the extra fees you'll pay it's better just to keep it. You'll still lose thousands of dollars.

Fortunately cars are much easier to maintain these days. No annual tune ups and such. Tires last much longer, spark plugs, a lot of things.

Back in the dark ages, it used to be that every 12,000 miles you'd have to replace the spak plugs, breaker points, rotor, condenser, air filter, adjust the timing, adjust and clean the carburetor, sometimes a valve adjustment. The belts also wore out considerably sooner than they do now.

Coolant didn't last as long either. Batteries had to be checked for water levels frequently.

Cars were much more finicky back when dinosaurs roamed...

[reyes1212]

I disagree with some of you. I work for a Infiniti dealer in the Chicago land area. Values for import used car have been going up in the last few months. I know this sounds crazy but it is true. The issue is not many people are buying new cars anymore. Everything is centered around pre-owned. Cars at auction are selling for well over there actual value right now. My dealer keeps about 100 cars on hand used. Now we are at 34 because we can not buy enough. Do not be fooled your car is worth some money go to nissan and have them put a number on it. worst comes to worst wait another 2-3 months and you will be able to sell it form maybe a little more.

What if the vehicle has an aftermarket steering wheel that can't be reverted back to the normal stock one?

[vkheifets]

Anything after market will no only not add value it will decrease it.

[AG]

vkheifetsNot everything. =)Stereo system did not decrease the market value.Aftermarket rims&tires - increased the value.

[reyes1212]

What about aftermarket steering wheel that doesnt have airbag hahahaha damn....T.T

[07Vsdn]

just got $9250 for our SL sedan with 36k miles. straight kbb "good". they never give "excellent", but i suppose you could always negotiate. we didn't.

[vkheifets]

Do not kid yourself after market rims and radio devalue the car. Anybody who wants that kind of stuff wants to do it them self. Would you want to buy a car with a sound system do you know how they installed it? Maybe somebody did it the backyard not at a shop. ANYTHING after market does not help the resale.

[Bubs daddy]

Indeed, these items will not add value to the vehicle. Not to a dealer. In fact, it will be a detriment.

The dealer wants the car to appeal to as many people as possible. The younger crowd may have a hard time believing this but most people don't give a rat's tuckus about rims and stereos. They DON'T want huge speakers taking away valuable storage space. They don't care about Acme rims. It is much harder for the dealer to sell the car this way.

As stated before, ricers and modders, save your stock parts. You will need them if you trade in this car.

In 5 years, you can sell it to some high school kid who will want it as is.

[AG]

Sure, you may think that you are smarter than about 5 Nissan dealerships I called to and about 3 BMW dealerships

They said they would take my car for the same price with OEM radio or aftermarket. (therefore aftermarket does not decrease the value)Most of them added some $ to the trade in value when I mentioned another aftermarket set of tires&rims (they can even sell it separately from a car and make more money).