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Trade in prices??

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Old 10-28-2005 | 07:33 PM
  #1  
10kRPMS's Avatar
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Trade in prices??

I maybe trading my 04 RX-8 with the 18's, and appearance kit. It has 6,000 very well kept miles. Always in a car port, not a spec out of place, tinted glass. I am not saying I am going to trade but it is a thought? How much should I be looking for. I would like something I can drive in winter too.
Old 10-28-2005 | 10:46 PM
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NoTears316's Avatar
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This is why God invented the Blue book.

http://www.kbb.com/

http://www.nadaguides.com/
Old 10-28-2005 | 10:50 PM
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Originally Posted by NoTears316
This is why God invented the Blue book.

http://www.kbb.com/

http://www.nadaguides.com/
I was just about to post both of those links, you beat me to it
Old 10-29-2005 | 06:25 PM
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You should also check out Edmunds.com.

Kelley Blue Book is the asking price not the selling price. It is usually higher than what the actually trade-in or sale price is.

Edmunds is the actuall selling price of the car or real trade in price. It will be lower than Kelley but more accurate.

If you buy a car shoot for Edmunds. If you sell a car shoot for Kelley price.

Conversely, if you go to a dealer, they will quote you Edmunds for trade in and if you want to buy the car they will quote you Kelley for purchase.

If your payments are too high and you are upside down on your car (owing more than it's worth) there is something you can do. You can refinance your car and extend those payments back out or get a better interest rate. So, if you had a 6 year loan and have 4 years left you can take it back out to 5 years. You'll be paying more interest but it will help get your payments down. It could easily take $100 to $150 off your monthly payment. And, you can always pay off that principle earlier.
Old 10-29-2005 | 06:31 PM
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Originally Posted by spieder
You should also check out Edmunds.com.

Kelley Blue Book is the asking price not the selling price. It is usually higher than what the actually trade-in or sale price is.

Edmunds is the actuall selling price of the car or real trade in price. It will be lower than Kelley but more accurate.

If you buy a car shoot for Edmunds. If you sell a car shoot for Kelley price.

Conversely, if you go to a dealer, they will quote you Edmunds for trade in and if you want to buy the car they will quote you Kelley for purchase.

If your payments are too high and you are upside down on your car (owing more than it's worth) there is something you can do. You can refinance your car and extend those payments back out or get a better interest rate. So, if you had a 6 year loan and have 4 years left you can take it back out to 5 years. You'll be paying more interest but it will help get your payments down. It could easily take $100 to $150 off your monthly payment. And, you can always pay off that principle earlier.
Dealers have usually used KBB when I'm trading in. In fact my one Subaru dealer told me that I can get KBB good for my car any time I want and if needed they could work up from there. I've not once heard of a dealership usuing edmunds for anything, but not saying it doesn't happen.
Old 10-29-2005 | 06:50 PM
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Ok went around looking and driving cars. Liked the EVO and the STI, I LOVED the A4. But after driving all the cars I did today, I like my car better.Reminded me of why I got it. I can also tell you I got behind the wheel of a new Z06 it is 515 HP and let me tell you look out. That car is amazing. Trade value was all over the place, it was betwwen $15,000 to $23,000. Well maybe I will just be driving the winter beater and putting the RX-8 away til next year.
Old 10-29-2005 | 08:42 PM
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I got 19,700 for mines with the exact same option except it has 3K miles on it. It was 18,500 until I told the dealer I had the apperence kit and showed him the sticker. That's probaly the problem with the KBB and Nada, it pretty vague on the options. Like the spare tire kit, and the apperence package.
Old 10-30-2005 | 02:42 PM
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Trade-in quotes are worthless until after you have negotiated the purchase price of the car you are going to purchase. Always talk purchase price and once that is settled move on to trade-in. If all you want to do is get rid of your car with minimal hassle, go to Carmax. They'll give you a check. Won't be your best deal but you walk away and don't have to deal with the nuisances of selling.
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