30
Apr

So, I’ve a 2006 Ford Explorer Eddie Bauer Edition, loaded with everything except Navi. 39.000ish miles on it. 4.0 Engine

Nada says shes worth 21,000-24,000

Kelly says trade in is 15,000- Excellent Condition

Black Book- 17,500

Now, I’m trying to trade this thing on a 2004 Acura TL, with 48,000 loadded, with no navigation.

Theres nothing wrong with my suv, title is clean, it has three owners, what should I except from a dealership on this trade in? I’m getting offers of 14,15. Nothing near the 19,000 I paid for this thing back in December of 2007.

Ahh… advice! I need some badly!


Answer:
I hate to be negative, but you can't expect to get what you paid almost six months ago. Automobiles depreciate daily.

As for the value of your SUV, I've always found Kelly Blue Book trade-in value for “fair” condition is very close to actual value for most automobiles. It's not perfect - no price guide is - but it's a good tool for most people. If your car is really special - nicer than any SUV you've seen like it - than it might be worth more.

Typically however most automobiles are “fair” - everyone thinks their vehicle is nicer, but the truth is most cars have dings, dents, scratches, stains on the carpet or seats, etc., and all these things detract from a car's value.

Ultimately, the car is worth whatever someone will pay you for it. Whatever you do, the longer you wait the worse the value becomes. In about 4 months the used SUV market is going to be absolutely awful, so trade ASAP and be happy with a little bit of a loss. When gas hits $4.50 a gallon, people are going to be abandoning SUVs on the side of the road…

Good luck! :-)


Answer:
Whenever you want to purchase something the price is high , whenever you want to sell, the price is low. Automobiles normally depreciate about 20% per year, so 10% less than what you paid for it 6 months ago, seems reasonably under normal circumstances. If you try to factor in the increasing price of gas and the public's fears of gas guzzling SUVs and The 14-15 thousand doesn't sound that bad. Best to get what you can or learn to love the explorer.

Answer:
a car is the single worst investment you will ever make, unless you buy a classic. as soon as you leave the dealer you loose so muck of the value of the car. and a s time goes by more and more of that residual value leaves.

Book Mark it-> del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList
This entry was posted on Wednesday, April 30th, 2008 at 3:54 pm and is filed under Buying & Selling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or TrackBack URI from your own site.

Leave a reply

Name (*)
Mail (*)
URI
Comment