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Old 10-11-2017, 09:52 AM
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Default Need a car valued?

I used to have a car dealership, and still have my membership at Manheim Auto Auctions. Manheim has auctions throughout the country, and most franchise dealerships buy and sell at Manheim.

I can give you the going rate for your car or a car you are looking at.

Just post it on this thread.

Here are the rules:

- Only 2009 and newer (I can't get solid numbers on older cars)
- Need the color
- Need the miles
- Need HONEST condition of car - GOOD/FAIR/ROUGH
- Need the trim (SE, XLE, Limited, etc.)
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Old 10-11-2017, 10:27 AM
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We've always used Kelley Blue Book to get an idea of our car's trade-in value. Is Manheim significantly different?
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Old 10-11-2017, 10:30 AM
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Quote:
Originally Posted by Budget Kitty View Post
We've always used Kelley Blue Book to get an idea of our car's trade-in value. Is Manheim significantly different?
It is. KBB values are all over the place - I've never been able to make rhyme-or-reason of it.

Dealers use those type of publications when it is to their advantage. They will have KBB, Edmunds, and NADA in their drawer. When valuing your trade-in, and you insist on "the blue blook", they will pull out whichever book shows your car worth the least. And vice versa.
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Old 10-11-2017, 12:58 PM
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Do you have any suggestions on getting fair values on older cars? I recently traded in a 2004 and felt felt like I was probably ripped off. The dealer claimed that it payed the best offer between what their internal guy said and the Kelly Blue Book private sale value. But, when they entered the information into their KBB dealer portal, it came back saying that KBB couldn't give an estimate because the car was too old, so we were stuck with what their internal guy said. We briefly considered trying out luck with a private sale, but decided we'd rather just be rid of the car.
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Old 10-11-2017, 01:58 PM
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Do you also need to know where someone is? Don't prices vary by location?
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Old 10-11-2017, 02:25 PM
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Quote:
Originally Posted by disneysteve View Post
Do you also need to know where someone is? Don't prices vary by location?
Unless it's an exotic car i.e. Ferrari, location doesn't make much difference.
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Old 10-11-2017, 02:31 PM
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Quote:
Originally Posted by phantom View Post
Do you have any suggestions on getting fair values on older cars? I recently traded in a 2004 and felt felt like I was probably ripped off. The dealer claimed that it payed the best offer between what their internal guy said and the Kelly Blue Book private sale value. But, when they entered the information into their KBB dealer portal, it came back saying that KBB couldn't give an estimate because the car was too old, so we were stuck with what their internal guy said. We briefly considered trying out luck with a private sale, but decided we'd rather just be rid of the car.
With cars older than 10 years old, you are truly moving into a realm of "it's worth what someone will give you for it." That is because conditions of the vehicles can vary widely. Example: I sold my dad's 1994 Toyota SR5 pickup for $10,000 with 160K on the odometer. But it was kept in very good condition. Most 1994 pickups are scrap heaps and are worth a couple $ thousand.

I bought my son a 2005 Toyota Tacoma two years ago with around 150K on the odometer. The "books" all said I should be able to buy one for $5 or 6K. Good luck with that. I ended up buying one for $9K and I felt like that was an exceptional deal - good used Toyota pickups are just hard to find.

We will be selling it next summer when we buy him a nicer "college" car, but it will bring approximately what I gave for it.

The consumer books are better than nothing for these cars, but prices can vary widely due to condition and demand. Demand on older used cars - nice ones - goes up in the spring, at the end of summer, and at the first of the year.
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Old 10-11-2017, 02:41 PM
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Funny story as a side note:

Everyone remember Obama's genius "Cash for clunkers" offer? This was where the gubmit would "give" you credit of anywhere from $3500 to $4000 if you traded in your "clunker" so you could buy a new, fuel efficient car.

This program was an unmitigated disaster for the working poor: It removed hundreds of thousands of inexpensive cars from car lots that folks could afford. If you will recall, the gubmit required dealers to take those clunkers and RUIN them. The gubmit would GIVE the auto dealer up to $4K cash from the treasury (real dollars) to trade for the car, and then take that WORKING car and DESTROY it.

So the net effect was, you couldn't buy a good used car for a couple $ thousand any more. A good used car now cost you $5-6K because there just weren't many cars available!

At our lot, we would try to buy affordable, low-end cars at auction to sell to folks making an hourly wage, and the prices at the auctions skyrocketed because so many cars vanished from inventory!

This is a pure example of an over-active gubmit interjecting itself into a free-market economy in an effort to "make things better." Rarely does that work. Politicians and utopian idealists using the country as their personal basement laboratory usually has profound consequences.
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Last edited by TexasHusker; 10-11-2017 at 02:45 PM.
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Old 10-11-2017, 03:26 PM
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I hate to be that person, but it worked for me. We had a 24 year old conversion van that was just getting unreliable to drive except for short distances. We actually got $4500 for it and put it towards a new Honda Odyssey. We would've never been able to buy a new minivan without that program.

But ya I get it, I'm only one person. It wasn't good for the greater good.
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Old 10-11-2017, 03:43 PM
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Quote:
Originally Posted by Thrif-t View Post
I hate to be that person, but it worked for me. We had a 24 year old conversion van that was just getting unreliable to drive except for short distances. We actually got $4500 for it and put it towards a new Honda Odyssey. We would've never been able to buy a new minivan without that program.

But ya I get it, I'm only one person. It wasn't good for the greater good.
The program worked great for middle class folks, but it was crushing to the poor.

Just think, that 24 year old van...the gubmit BOUGHT IT and then turned around and DESTROYED IT. Why not DONATE THE THING to someone who really needs a car? Instead, the GUBMIT took hundreds of thousands of cheap cars off the market, driving the price of otherwise affordable cars through the roof for working class folk.

Unintended consequences.
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Old 10-11-2017, 03:48 PM
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Quote:
Originally Posted by TexasHusker View Post
The program worked great for middle class folks, but it was crushing to the poor.

Just think, that 24 year old van...the gubmit BOUGHT IT and then turned around and DESTROYED IT. Why not DONATE THE THING to someone who really needs a car? Instead, the GUBMIT took hundreds of thousands of cheap cars off the market, driving the price of otherwise affordable cars through the roof for working class folk.

Unintended consequences.
Yes you are right, we were very sad to think our beloved van was going to be squashed. We took some good road trips in that thing, it was the best!
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Old 10-11-2017, 03:50 PM
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Quote:
Originally Posted by Thrif-t View Post
Yes you are right, we were very sad to think our beloved van was going to be squashed. We took some good road trips in that thing, it was the best!
How Obama got a free pass on something so absurd, I'll never understand.
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Old 10-12-2017, 01:26 PM
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Quote:
Originally Posted by TexasHusker View Post
The program worked great for middle class folks, but it was crushing to the poor.

Just think, that 24 year old van...the gubmit BOUGHT IT and then turned around and DESTROYED IT. Why not DONATE THE THING to someone who really needs a car? Instead, the GUBMIT took hundreds of thousands of cheap cars off the market, driving the price of otherwise affordable cars through the roof for working class folk.

Unintended consequences.
AND overpaid by about 10x what the van was actually worth!
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Old 10-12-2017, 01:32 PM
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Quote:
Originally Posted by greenskeeper View Post
AND overpaid by about 10x what the van was actually worth!
Haha, exactly. And for more governmental/vehicle comedy, don't miss this beauty of a thread. Long live Obama!

https://www.savingadvice.com/forums/...tml#post464525
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Old 10-12-2017, 03:35 PM
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can you run mines it's 2007;

Dodge Dakota automatic
120,000
Very good condition
Color: white
Club cab SLT
V-6, 2.6 L
Air condition
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Old 10-12-2017, 04:44 PM
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Quote:
Originally Posted by QuarterMillionMan View Post
can you run mines it's 2007;

Dodge Dakota automatic
120,000
Very good condition
Color: white
Club cab SLT
V-6, 2.6 L
Air condition
I'll run it but on a 11 year old car it's not going to be necessarily accurate.
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Old 10-12-2017, 06:06 PM
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Quote:
Originally Posted by QuarterMillionMan View Post
can you run mines it's 2007;

Dodge Dakota automatic
120,000
Very good condition
Color: white
Club cab SLT
V-6, 2.6 L
Air condition
There is no designation for "club cab". Only "quad cab" and "extended cab."

If it's a "quad cab", dealers are paying on average of $5700 for that car with those miles.

If it's an "extended cab", the number is about $3400.
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Old 10-12-2017, 06:37 PM
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I see thanks, it's quad cab. Very informative.


Edited: It's actually extended cab, $3400 is still good though.

Last edited by QuarterMillionMan; 10-12-2017 at 06:48 PM.
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Old 10-12-2017, 07:16 PM
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Quote:
Originally Posted by QuarterMillionMan View Post
I see thanks, it's quad cab. Very informative.


Edited: It's actually extended cab, $3400 is still good though.
You could private sale it for $6-ish pretty easy.
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Old 10-12-2017, 08:17 PM
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The thing is that I live in an apartment with no extra space to park it so I may just sell it fast to a used car dealer, I know they may only offer me half or maybe even 1/3 of the $3400 but I'll be keep it for another couple of years.


Kelly Blue shows that it's worth about $6000 as well but I'm guessing that's excellent condition and I'm guessing private sale.
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