Accurate source of trade-in values? | FerrariChat
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Accurate source of trade-in values?

Discussion in 'General Automotive Discussion' started by kfm, Oct 16, 2006.

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  1. kfm

    kfm Karting

    Jul 19, 2004
    157
    NY
    Full Name:
    Kevin
    #1 kfm, Oct 16, 2006
    Does anyone know an accurate source for trade-in values? I currently own a 2006 Infiniti G35x. It's more costly than I need for my current purposes, and I'm looking for a lower priced car. A trade-in is the most efficient transaction in light of all factors. I understand that a private sale would get a higher price, but I'm not looking to make a profit, only to (hopefully) come as close as possible to paying off the remainder of the loan on the car.

    If anyone has any advice/information/recommendations, it's appreciated.

    Thank you.
     
  2. Tyler

    Tyler F1 Rookie

    Dec 19, 2001
    4,274
    dusty old farm town
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    Tyler
    #2 Tyler, Oct 16, 2006
    Best indicator I know is to find out what similar cars were selling for last week at Manheim. That's the best indicator of true value.

    As for on paper trade value. Way to many variables. Depending on what you're trading for, financing rate you're willing to swallow, how much you have down, how much you may be upside down, how many years you can stand being on the hook, etc... the value can swing $5000 either way.
     
  3. 8 SNAKE

    8 SNAKE F1 Veteran

    Jan 5, 2006
    6,948
    Springfield, MO
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    Mike
    #3 8 SNAKE, Oct 16, 2006
    Most dealers that you talk to are going to look at Kelly Blue Book or Edmunds when showing you what they can offer for your vehicle. If you're completely set on trading the vehicle in, you need to make sure that you handle the trade and your new purchase as two completely separate transactions.

    Try shopping around on sites like autotrader, cars.com and others to see what vehicles like your Infinity are selling for in the open market. Then assume dealers will need to make a profit, so you'll need to deduct from that amount in order to come up with a fair value.

    Do similar research to determine a competitive price for your new vehicle purchase. I can't overstate the importance of handling this as two separate transactions though.
     
  4. 6.0 se

    6.0 se F1 Rookie
    Lifetime Rossa

    Mar 26, 2004
    3,140
    Atlanta,ga. area
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    A.J.
    #4 6.0 se, Oct 16, 2006
    Manheim values are the price dealers will give you for your car. Tell me the miles and I will give the trade-in price.

    Just checked the site. It asks 2DR.....4DR...or 4DR AWD. Let me know.
     
  5. 8 SNAKE

    8 SNAKE F1 Veteran

    Jan 5, 2006
    6,948
    Springfield, MO
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    #5 8 SNAKE, Oct 16, 2006
    The G35x should be 4dr AWD.
     
  6. 6.0 se

    6.0 se F1 Rookie
    Lifetime Rossa

    Mar 26, 2004
    3,140
    Atlanta,ga. area
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    A.J.
    #6 6.0 se, Oct 16, 2006
    Thanks. Here are the current #'s. It looks like 24.5-25.0 for dealer trade in, with the 18k miles. Hope this helps.


    10/10/06 ARENA Lease $23,500 19,085 Below BLUE 6G A No
    10/06/06 MANHEIM Lease $24,500 9,673 Avg WHITE 6G A Yes
    10/05/06 CHICAGO Lease $23,500 22,332 Below GREEN 6G A No
    10/05/06 GTR PHNX Lease $25,400 14,918 Avg WHITE 6G A Yes
    10/05/06 GTR PHNX Lease $25,000 16,934 Avg SLV 6G A Yes
    10/05/06 GTR PHNX Lease $25,000 11,385 Avg SILVER 6G A Yes
    10/05/06 MANHEIM Regular $26,000 6,310 Avg WHITE 6G A Yes
    09/26/06 ARENA Lease $25,000 11,062 Avg RED 6G A Yes
    09/21/06 GTR PHNX Lease $25,800 19,872 Avg GRAY 6G A Yes
    09/21/06 GTR PHNX Lease $25,600 17,366 Avg SILV 6G A Yes
    09/21/06 GTR PHNX Lease $25,000 14,487 Avg BLUE 6G A Yes
    09/21/06 MANHEIM Regular $28,500 2,418 Above GREY 6G A No
    09/19/06 ARENA Regular $25,000 20,533 Avg BLACK 6G A Yes
    09/15/06 MANHEIM Lease $25,600 19,309 Avg GRAY 6G A Yes
    09/15/06 MANHEIM Lease $23,800 12,068 Below GRAY 6G Yes
    09/14/06 MANHEIM Factory $25,800 28,058 Avg SILVER 6G O No
    09/12/06 CHICAGO Factory $29,250 17,948 Above PLATINUM 6G A No
     

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