Resale value, wow!
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Engineer
New member
They do have very high resale values but no one in their right mind would pay more for a used item that they can get brand new for cheaper. Only thing this happens on seems to be toast with Jesus on it and celebrity panties but on those items my original comment stands "in their right mind"
If you can find someone to give you 36k I would take them up on the offer and go get a new one from the dealer (assuming all taxes, title, etc are taken into account)
If you can find someone to give you 36k I would take them up on the offer and go get a new one from the dealer (assuming all taxes, title, etc are taken into account)
vanion2
New member
NADA is what most banks use to assess the value of a vehicle for collateral.
But at the end of the day they are guidlines at best. The economy, availability, environmental conditions, price of gas, etc determine what your vehicle is worth.
I sold my 04 Corolla the same day I put it up for sale for $400 more than my asking price (based on KBB value) because I had 5 people call to see it within 3 hours.
My 93 Honda CRX Si took close to half a year to sell because it had a rust spot and was a 2 seater.
I rarely trade in a vehicle and in my experience have learned that "book" values are pretty much useless except as a starting point.
But at the end of the day they are guidlines at best. The economy, availability, environmental conditions, price of gas, etc determine what your vehicle is worth.
I sold my 04 Corolla the same day I put it up for sale for $400 more than my asking price (based on KBB value) because I had 5 people call to see it within 3 hours.
My 93 Honda CRX Si took close to half a year to sell because it had a rust spot and was a 2 seater.
I rarely trade in a vehicle and in my experience have learned that "book" values are pretty much useless except as a starting point.
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Where do you put yours up for sale?
vanion2
New member
Usually Craigslist. All the other places require you to pay and doesn't reach as large an audience and I have had pretty good luck for selling cars, trucks, motorcycles, etc there.
CoastieRon
New member
While this definitely may be true, this was the exact reason why I went new vs. used. The dealers had lightly used 14's in the mid 30's (granted, I live in a VERY expensive area with a high cost of living); however, I paid 36.5 OTD for my Trail. A few thousand more for knowing if you jacked up your own truck vs. someone else is worth it IMO.
PitbullRescuer
New member
$34,700 out the door? That sounds really cheap. Did you have any trade worked into that deal?
DesertCanyons
New member
Resale value
PitBullRescuer is right. You got nearly 10% off of MSRP.
It also sounds like KBB is saying you've lost $2000 or nearly 5% since you bought it, assuming an MSRP of >$38,000.
T4Rs do hold their value. Most numerical reviews indicate the T4R and the Jeep Wrangler are worth about 67% of new price after 5 years of ownership. Most other cars are worth around 50%, within a few percentage points. This data includes most SUVs and cross-overs by other car makers.
PitBullRescuer is right. You got nearly 10% off of MSRP.
It also sounds like KBB is saying you've lost $2000 or nearly 5% since you bought it, assuming an MSRP of >$38,000.
T4Rs do hold their value. Most numerical reviews indicate the T4R and the Jeep Wrangler are worth about 67% of new price after 5 years of ownership. Most other cars are worth around 50%, within a few percentage points. This data includes most SUVs and cross-overs by other car makers.
PitbullRescuer
New member
It's more than 10% off MSRP if it was $34,700 out the door. That means he got it for around $32,500 plus tag & tags. (Not sure of the tax rate in the OP's area but I should be close)
Yeah, I'm not buying that. Before TTL I could believe, but that seems a bit unbelievable....
Or like half the other people here, he doesn't understand the proper meaning of "out the door".
Maybe it's legit, maybe be it's not. I just have a hard time believing he walked out of that dealership with a 4R for almost $4k under MSRP *including tax, title and license*.
PitbullRescuer
New member
^ what? $37K out the door for a TRD Pro?
Because you just don't get $6500 off on a 4R. I find your claim hard to believe as well considering most dealers won't even come off MSRP on the Pros, let alone discount them $8k+.
Doc_Fry
New member
Beleive what you want I dont care. There is no reason for me to make that up. I got lucky got a good deal so what. Suck it uo and move on it doesnt happen all the time but you know it does happen and I have the invoices to prove it as well as the truck. And pay the bank each and every month as well. And yes that is on a Pro. For disclosure I did get quite a few incentives that where very helpful in making it at that price, such as not having to pay ad valrum taxes in GA due to combat injuries, military and other discounts, free tags, etc.
Pick and choose your battles son one day you too will be the one saying hey I got a great deal too. Domt feel bad I woukd have paid msrp for my truck. It is a great truck and I like it very much. I had no issues out of my FJ which I am getting ready to sell andthe resale on all have been excellent on paper. I will see what happens and how I feel about that when I actually get it sold.
Pick and choose your battles son one day you too will be the one saying hey I got a great deal too. Domt feel bad I woukd have paid msrp for my truck. It is a great truck and I like it very much. I had no issues out of my FJ which I am getting ready to sell andthe resale on all have been excellent on paper. I will see what happens and how I feel about that when I actually get it sold.
Mike135802
New member
Timing and the willingness to walk away from the deal always helps, plus the military part never hurts. I ended up with 37k before TTL for a LE which was well below the MSRP.
