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Nada,Edmund, KBB

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Old Jan 29, 2008, 11:08 AM
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Nada,Edmund, KBB

IM planing on trade in a 03 EVO-8 93,000 mile .. Yea i know that alot of miles 100 mile round trip to work 90% freeway.

I check out KKB,Edmund,Nada,

Trade in Value

KBB was 12,735
Edmund was 13,232
Nada was 16,600

who is right, I just dont want to get ripped off anymore then i have to from a dealership Trade in save me all most 1k in tax
Old Jan 29, 2008, 11:22 AM
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$12,000 would be generous. $9,000 would be more realistic.
Old Jan 29, 2008, 11:26 AM
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Dealership unfortunately don't pay much attention to KBB, NADA or Edmunds. They go by wholesale values or Black Book values. Which are usually less than KBB and the others.

Last edited by atombomb33; Jan 29, 2008 at 02:40 PM.
Old Jan 29, 2008, 11:29 AM
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Originally Posted by adambl03
Dealership unfortunately don't pay much attention to KBB, NADA or Edmunds. They go buy wholesale values or Black Book values. Which are usually less than KBB and the others.
What I did is calculated a more accurate wholesale value and took 80% and 60%. Auction sales on cars in good shape might reach 70% of wholesale KBB but not too often.
Old Jan 29, 2008, 12:21 PM
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Originally Posted by CRX2EVO
What I did is calculated a more accurate wholesale value and took 80% and 60%. Auction sales on cars in good shape might reach 70% of wholesale KBB but not too often.
Yeah, sounds about right for a car with mileage as high as his.
Old Jan 29, 2008, 12:25 PM
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Realisticly speaking you are looking at around 9-10k for that if you were to trade it in.
Old Jan 29, 2008, 01:47 PM
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Your best bet it to try an sell it outright for 15K I'd say.
Old Jan 29, 2008, 02:19 PM
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post some pic's up...might be interested
Old Jan 29, 2008, 02:31 PM
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NADA is what most banks use for loan values but if you're talking about trading it in then you should be prepared to take WAY under value. Dealerships are in it to make a profit and will undoubtedly offer you below what it is worth and then try to sell it for more than it's worth lol

If you're not in a financial crunch, try to sell it first. Loan rates are down so more people might be shopping and you will get way more out of it than if you traded it in
Old Jan 29, 2008, 04:15 PM
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Dealers always use auction sheets to determine values. These sheets are what cars have sold for locally over the past couple months. If you can establish at least a half way decent relationship with a dealer he will show you these transactions.
Old Jan 29, 2008, 05:50 PM
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Trade in values suck no matter what you drive. My car has 90k on it and to tell you the truth I wouldnt sell it for a penny under 17k. To me it just wouldnt be worth it I may as well keep it. Plus the more us VIII and IX owners dont budge on prices the more these cars will pull in years to come
Old Jan 29, 2008, 06:15 PM
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Most banks will not finance a car that has over 80k miles there for most dealers will low ball you on a trade. I think you will get around $11k.
Old Jan 29, 2008, 07:11 PM
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Banks would still consider financing it. They base it off of how old the car is and then shorten the length accordingly. They may reduce the length of the loan though to accomodate for the mileage
Old Jan 29, 2008, 08:05 PM
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Took it to the dealer today, My salesman printed up a list for me in my area for pass auction, Its was so messed up, its crazy how they range from low as 8k to 20k on 03
There was 2 that was about the same mileage as me, one sold for 14,500 and other sold for 13,900, Used car sale guy offer me 10k tops for trade in. But that did not stop me from going home with The new EVO-X, I think im just going to sell my car local on carsoup or something in the spring time.
But you guys are right, they lowball you like crazy. Buy your car at 20% less then KBB trade in value, but then sell it back at Nada retail value
Buy for 10k. Sell for 17k GG..
Old Jan 29, 2008, 10:18 PM
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I work in a bank and according to the new black book received today here are the values:



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