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Car problems
screaming:
--- Quote from: ChadTower on April 19, 2005, 12:45:29 pm ---Is the $3k low, or is it to be expected? It's a 97 Outback Legacy wagon wiht 95k miles, body in very good shape, no major defects other than that engine knock.
--- End quote ---
According to Edmunds, $3200 is about right for a trade-in value.
You could try and argue for an extra $100 or $200, I'd say, but you probably won't get too far. It's worth a shot!
-sab
ChadTower:
Erm, am I reading that wrong, or does that link you provided show the tradein at $4200, not $3200?
screaming:
--- Quote from: ChadTower on April 19, 2005, 12:56:54 pm ---Erm, am I reading that wrong, or does that link you provided show the tradein at $4200, not $3200?
--- End quote ---
For me it shows the trade-in value at $3,221. $4,177 what you'd expect to get for your car if you sold it to a private party and $5,366 is what you'd expect to see it sold for at the dealership. I may have selected a different color and I didn't know all the options you had on your car so I couldn't put those in :) Maybe that's why it's different?
-sab
clanggedin:
Edmunds numbers are pulled out of their a**. Don't ever go by Edmunds numbers. Utah vehicles are sold using the NADA guide, and the Banks use the Blue Book for financing because it has higher retail values.
We get people in here all of the time stating that Edmunds says we should be selling a car for X amount when we can't even buy the car at a dealer auction for that price.
Trade-in value from the April NADA guide (not their website which is updated quarterly) for a 97 Subaru Legacy Outback AWD with 95k miles is:
$5450 - Trade
$7075 - Retail
If it is a Limited it is:
$5700 - Trade
$7350 - Retail
Those are NADA values.
If the engine has a knock then trade-in will be less for it. If the dealership sells their vehicles at LOW BOOK then I would not take less than $3500. If they sell at Retail then I would not take less than $4000 - 4500.
You can buy 2005 Elantras all day and night at $12k. You need to work the salesman becuase they will have at least $1000 to play with.
Some dealerships will let you do a "trade-consign" where they guarantee you a certain amount, but then they sticker your car for more and if it sells for that price, then you get overage minus their consignment fee.
If the dealership will be selling your car directly to a used vehicle wholesaler then they will only offer you $3k, then they will mark it up a $1000 and sell it to them.
If the selsman wants the commission then he'll do whatever it takes to sell you the car, even if that means they have to give you more for your trade-in.
clanggedin:
BTW... Blue Book Values are:
$6450 - Trade
$9485 - Retail
I didn't add for any options either. I left the stock values minus the mileage.
Add $300 for the Limited