Okay, so sadly I need to give up my lovely car for a cheaper car so I can use the remainder of the equity to put toward med school expenses. I was thinking of trading in for a lower model car with cheaper monthly payments. I'm usually the type of person to get low balled and toyed around with dealers and was wondering what should I realistically be expecting for my EX (Ofcourse location and everything varies)?
Location: New York
Mileage: 12,800
Year, Model: 2010 EX35 AWD Journey (No Nav, No Tech) w/ 17in wheels
Condition: Excellent, no accidents or scratches. I tread my car like a new born baby. All maintenance done by the dealer and on time of course.
Loan Owed to Bank: 21,936 (So I'm guessing an equity of at least 10,000 is too much to ask?)
Reference for BlueBook Values:
http://www.kbb.com/used-cars/infiniti/e ... eage=12800 (KBB)
http://www.nadaguides.com/Cars/2010/Inf ... -Equipment (NADA Guides)
So I call bigbucksauto.com (located in New York) and just to see what kind of low ball price they would offer as they usually would, I believe they sell all their cars back to auctions or dealers. With my mileage and features I was offered anywhere between $26,000 to $28,000 being the most in mint condition which no one gives. Does that seem about right? The Window sticker on my car shows $38,000 (and change, not including taxes and dealer fees) and I paid $34,000 (and change). So if I'm correct, the car in 1 year has dropped $10-12,000 according to their offer? I plan on trading it in, for a newer and cheaper car. But I always expected dealer trade-in's to be the lowest. What do you guys think? Any help and feedback would be appreciated!