Trade in value?

[sae]

Hey guys, out of curiosity.. and partially because I may have to end up trading in the Ty because both my girlfriend's and my daily are junk at this point (I'm still paying on mine), what do these see for trade in? Are the NADA values pretty close or should I expect less?

I honestly hate to even think of selling or trading in, because it's the one "car" I've realistically always wanted, and it's been a blast to drive, but with winter coming up quick here in Chicago, the idea of driving it 500 miles per week to work and back in the snow really isn't something I'd like to do-- due to trashing it, not because I don't think it would handle it.

Thanks for any input!

 

[TNPhoon]

Re: Trade in value?

You will screwed on Trade-In value one way or another. F&I guys are jackasses.

 

[sae]

Re: Trade in value?

Is $6000 unreasonable then? I really just don't want 3 open loans with two broken cars. I'm $2000 into the girlfriends pile and now the wiring harness is shorting and buzzing all over, stupid kia.

 

[SYO237]

Re: Trade in value?

Drive the damn thing through the winter and screw the idea of putting yourself deeper in debt. Save your money in the meantime and when spring hits, you'll be glad you still own the truck and can then figure out what to do with the other 2 POSs you own with the money you save.

Im sure one winter isn't going to destroy the truck.

 

[Baythan]

Re: Trade in value?

Is $6000 unreasonable then?

Condition, mileage, pics, etc? (i.e. does it still need transmission?)

Selling privately will always yield more...but may take a little longer.

 

[jimmyz79]

Re: Trade in value?

Is $6000 unreasonable then? I really just don't want 3 open loans with two broken cars. I'm $2000 into the girlfriends pile and now the wiring harness is shorting and buzzing all over, stupid kia.

Really? - If you are 2K into a Kia, time to push it over a cliff and buy a used Pontiac...

 

[sae]

Re: Trade in value?

It's Ty 2017, and I know a winter won't ruin it, but I've read up on it after and saw that it already had rust issues that may have been painted over anyway.

It's not a low mile show car but it looks pretty good without getting too close. It was definitely driven daily by the first owner, it's sitting at 149,xxx right now. The trans is definitely finicky, it was a two speed for a couple weeks and then started working properly again and hasn't shown anything wrong since. When I bought it, it did flash up to 4k RPM at around 80, too so I think it's safe to say it's got trans issues.

Just worried about having three broken cars on three loans.

 

[sae]

Re: Trade in value?

Really? - If you are 2K into a Kia, time to push it over a cliff and buy a used Pontiac...

Don't get me started on that thing, that 2k is parts only and my labor :rotf: new tires, brakes and brake lines, manifold/cat, o2 sensors, intake gasket, plugs wires..etc, all it needs is a $600 harness and complete disassembly :tup:

I think it only books at like $2200.. but the mirage of each part being the last thing it needs keeps getting me.

 

[TNPhoon]

Re: Trade in value?

Insure it. Park it in Cicero. Go back in 2 days. File insurance claim. > Trying to trade it in.

 

[blue83z]

Re: Trade in value?

Man, hate to see 2017 for sale again.
That thing ran perfect while I had it.
I would consider buying it back if money worked out right.
Several friends in Chicago as I write this at mcacn show.

 

[Jimmy]

Re: Trade in value?

The thing aboot trade in value is they can twist it around into anything. They can buy something at auction for 5k,give you 5k on your trade in,then sell you the auction car for 11k.

They get your car for free and make 6k before they even sell yours.

 

[JSM]

Re: Trade in value?

The thing aboot trade in value is they can twist it around into anything. They can buy something at auction for 5k,give you 5k on your trade in,then sell you the auction car for 11k.

They get your car for free and make 6k before they even sell yours.

Jimmy is 100% correct. My brother is a car salesmen. Lots and lots of tricks used and available to them to make the #'s work out.

With that said i traded in a ty 2 years ago, was high miles, but rust free and ran good. Front suspension was beyond worn out though.

I was into the truck cheap though, so I knew I would come out ok.

It honestly appears to me your caught in the buy a vehicle/trade in at dealer loop. Best best is to figure out how to get a reliable ride without debt. Lots of cheap options to get out of the upside down dealer scenarios.

 

[ty166]

Re: Trade in value?

Insure it. Park it in Cicero. Go back in 2 days. File insurance claim. > Trying to trade it in.

Even has a reputation in tenn....... that's BAD....

 

[jt3233]

Re: Trade in value?

What kind of rust issues?

 

[DaveP]

Re: Trade in value?

"Trade in value" is determined by what the sales manager feels he can get for it at auction, the next day. Auctions set the value, because any vehicle can be liquidated quickly, but at the lowest price. To get a higher price takes longer, and has associated costs with holding, reconditioning, risk of mechanical issues etc. Auction it, and that all goes away, but isn't very "profitable", so keeps the trade-in value low.

It seems your Ty is a little rough. Definitely high mileage. It might go for $4,500 at auction to a flipper taking a chance that he can find a greater fool in a reasonable amount of time. So if you trade it in on a say $15,000 car, you'll probably have to come up with about $12,000 on your own, financed or cash. If you insist on your trade being higher, then the price of the car will go up. The dealer is going to make his nut one way or another, count on that.

The bottom line is your trade-in isn't very desirable to a dealer. It's old, high mileage, and sounds like it might be crusty too. They'll just want to get rid of it at auction. But they will still have to make something off the trade, because even auctions have costs associated with them.

It sounds like you're in car-debt-purgatory as it is. Taking on additional debt by taking a chance on another unknown used car doesn't seem wise. Just keep the Typhoon and drive it. Another winter isn't going to diminish its value any further.

:2cents:

 

[DaveP]

Re: Trade in value?

Yeah. Keep it and drive it for the Winter. Be sure it has collision insurance coverage. If it gets totaled in a not your fault wreck, you'll get a Zillion dollars for it. Insurance uses the book for value. Always a hell of a lot more than it would retail for.

Awhile back a local peep got rear-ended in his Ty, and it was totaled by the insurance company. It was a pretty nice Ty, and he got a great deal on the purchase, but he tripled his money with the total. He now has a truck that cost 4 times what he paid for the Typhoon, but he only had to cover 1/2 the cost, the insurance settlement covered the other half. Like hitting the Lotto. Sometimes yer lucky.

You could be lucky too. Insure it and drive it in shitty conditions where the risk of totaling it goes up. You'll get aboot 5 times what you would as a trade-in.

 

[T-Bone]

Re: Trade in value?

Insure it. Park it in Cicero. Go back in 2 days. File insurance claim. > Trying to trade it in.

Insure it and drive it in shitty conditions where the risk of totaling it goes up. You'll get aboot 5 times what you would as a trade-in.

Kinda sad grown men give advice to promote cheating the insurance companies to pad wallets and make up for foolish decisions. Rates continue to rise for honest, non scheming, insured personnel and this is a great part of the reason why.....because others are always trying to cut their losses and make a buck on someone else's dime. This is NO different then advising someone to shop in WalMart when the floors have just been mopped to increase their chances of slipping to get a big settlement. Plain sorry!!!

Just tell the OP the facts of life. Debt is a thief and he is victim. If he cannot afford what he has, sell what he does not need, suck up the loss by paying off the balance and learn a life lesson.

Disheartening that greed drives some people to devise ways to get ahead by cheating. Easy wrongs never justify the hard rights.

 

[Baythan]

Re: Trade in value?

Kinda sad grown men give advice to promote cheating the insurance companies to pad wallets and make up for foolish decisions. Rates continue to rise for honest, non scheming, insured personnel and this is a great part of the reason why.....because others are always trying to cut their losses and make a buck on someone else's dime. This is NO different then advising someone to shop in WalMart when the floors have just been mopped to increase their chances of slipping to get a big settlement. Plain sorry!!!

Just tell the OP the facts of life. Debt is a thief and he is victim. If he cannot afford what he has, sell what he does not need, suck up the loss by paying off the balance and learn a life lesson.

Disheartening that greed drives some people to devise ways to get ahead by cheating. Easy wrongs never justify the hard rights.

Gotta agree here (even though I'm pretty sure Nate was kidding and Dave does not wish anyone to be in a serious accident by driving at risky times).

Insurance was never meant as a means to pay off debt or get nicer stuff. Just as welfare was never meant as a means of endless income.

 

[JSM]

Re: Trade in value?

Insurance companies are the biggest scam there is to be honest. Thnk about it, what real value do they add? They take money in, keep some and pay a % out. Yet in the process they tell you what kind of repair or service you can get done, health insurance being the worst.

I didn't see Dave suggest insurance fraud, I saw him state that if you did get a claim chances are it will be higher than dealer trade in value.

 

[Brassmonkey]

Re: Trade in value?

If you take your time, you can get the better of the dealer on prices and add on's. Now is the time to be looking at '14's on the lots, because '15's are out. When I bought my Sy, it took me 3 months to finalize the deal. I bought my Sy in Dec '91, so '92's were out and that made it a used vehicle, with 50 miles on it (meaning a lot had test driven it, but no buyers). I got it for $19K, plus: the apr was lowered 1%, free GMPP bumper to bumper warranty (originally wanted $1,100), and a free alarm. Dealers WILL bargain, because they also know they will make a killing off some fool on the next deal.