Trade in value of the R?
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From: California, MA
Trade in value of the R?
well ive been trying to sell my car because i have an 04 350z waiting for me on a deposit. but i cant get it unless i move the R. so im wondering wut kind of trade in value i would get for my 2000 R with 76k miles pY? So has any one traded theyre car in and gotten a good price?
Last edited by Pr-Type-R; Jul 16, 2009 at 02:33 PM.
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From: ILM, NC
Re: Trade in value of the R? (get RIGHT)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by get RIGHT »</TD></TR><TR><TD CLASS="quote">7-9k</TD></TR></TABLE>
wishful thinking.....
I would bet $100 they would not give more than $6k trade in......
OP, you are better off selling outright......
http://www.nadaguides.com/used...da=-1
I know about the street value of our cars, but this is what the banks and stealerships look at.......
wishful thinking.....
I would bet $100 they would not give more than $6k trade in......
OP, you are better off selling outright......
http://www.nadaguides.com/used...da=-1
I know about the street value of our cars, but this is what the banks and stealerships look at.......
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From: selling YOU a Honda or Acura
Re: Trade in value of the R? (cmdr430)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by cmdr430 »</TD></TR><TR><TD CLASS="quote">
wishful thinking.....
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I know. I was trying to be nice. Thinking he might be a good negotiator.
wishful thinking.....
</TD></TR></TABLE>
I know. I was trying to be nice. Thinking he might be a good negotiator.
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Re: Trade in value of the R? (JjuuN R)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JjuuN R »</TD></TR><TR><TD CLASS="quote">Private sell it, don't trade it in, please...</TD></TR></TABLE>
You will regret it longterm. The money you will waste on a trade in will really bite you. I think the 6-7k is realistically what you might get. You will be better off dropping your sale price on the car to 10-12k and posting it in the Type R's For Sale thread at the top of this forum(if you haven't already.) As an owneR, you should know these cars generally take time. At the very end of the day, 350z's a dime a dozen. If you run out of time on this 350z you shouldn't have a problem finding another one. Considering car sales are down 20% across the board (for June sales, 2008) the odds are the longer you wait to get the Z the better deal you will get. A local here just got a Nismo edition for 8k off sticker. With his trade in he only had to take out a 12k loan. Lucky dog.
You will regret it longterm. The money you will waste on a trade in will really bite you. I think the 6-7k is realistically what you might get. You will be better off dropping your sale price on the car to 10-12k and posting it in the Type R's For Sale thread at the top of this forum(if you haven't already.) As an owneR, you should know these cars generally take time. At the very end of the day, 350z's a dime a dozen. If you run out of time on this 350z you shouldn't have a problem finding another one. Considering car sales are down 20% across the board (for June sales, 2008) the odds are the longer you wait to get the Z the better deal you will get. A local here just got a Nismo edition for 8k off sticker. With his trade in he only had to take out a 12k loan. Lucky dog.
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From: Chicago
Re: Trade in value of the R? (Pr-Type-R)
Funny, no one is answering your question. 
The market value of a 2000 ITR with 120K miles on it depends a lot on condition. I'd say maybe $13K if it's in really excellent, above-average condition (NOTHING wrong, all maintenance up to date, no cosmetic problems - all of which is quite unusual on a car with that many miles), $11-12K if it has the usual assortment of dings and scrapes, $10K if it's in sad shape, and even less if it has a salvage title.
The market value is what you can probably sell it for within a reasonable length of time (say, a month). Dealers typically don't give you anywhere near market value. (get RIGHT's estimate of 7-9K sounds accurate - and remember, he works at an Acura dealership.) However, depending on where you live, there may be a sales tax advantage in trading the car in. For example, if your state reduces the basis for sales tax on a car purchase by the amount of your trade-in, and the sales tax rate is 10 percent, then if they give you $8K for your trade-in, it reduces the amount of the sales tax you pay on the new car by $800. So you need to take that into account in determining how much you should accept for the trade-in, and comparing it to selling it yourself. The laws differ by state; for example, in California, a trade-in doesn't reduce your sales tax at all, whereas in Illinois, you can get the reduction in your sales tax even if you sell it to a different dealer from the one where you're buying the new car, as long as it's a legitimate dealer (not a private party) and the transaction takes place within 60 days of your purchase.
With a specialty, limited-volume car like the ITR, you will almost always get more money (even after taking the sales tax advantage into account) by selling it yourself to a private party, rather than trading it in at the dealer. It will just take more time and inconvenience to do so. It's up to you whether the savings (possibly several thousand dollars) is worth it.
Modified by nsxtasy at 10:35 AM 7/5/2008
The market value of a 2000 ITR with 120K miles on it depends a lot on condition. I'd say maybe $13K if it's in really excellent, above-average condition (NOTHING wrong, all maintenance up to date, no cosmetic problems - all of which is quite unusual on a car with that many miles), $11-12K if it has the usual assortment of dings and scrapes, $10K if it's in sad shape, and even less if it has a salvage title.
The market value is what you can probably sell it for within a reasonable length of time (say, a month). Dealers typically don't give you anywhere near market value. (get RIGHT's estimate of 7-9K sounds accurate - and remember, he works at an Acura dealership.) However, depending on where you live, there may be a sales tax advantage in trading the car in. For example, if your state reduces the basis for sales tax on a car purchase by the amount of your trade-in, and the sales tax rate is 10 percent, then if they give you $8K for your trade-in, it reduces the amount of the sales tax you pay on the new car by $800. So you need to take that into account in determining how much you should accept for the trade-in, and comparing it to selling it yourself. The laws differ by state; for example, in California, a trade-in doesn't reduce your sales tax at all, whereas in Illinois, you can get the reduction in your sales tax even if you sell it to a different dealer from the one where you're buying the new car, as long as it's a legitimate dealer (not a private party) and the transaction takes place within 60 days of your purchase.
With a specialty, limited-volume car like the ITR, you will almost always get more money (even after taking the sales tax advantage into account) by selling it yourself to a private party, rather than trading it in at the dealer. It will just take more time and inconvenience to do so. It's up to you whether the savings (possibly several thousand dollars) is worth it.
Modified by nsxtasy at 10:35 AM 7/5/2008
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From: poopfacepartytime, ca, usa
Re: Trade in value of the R? (importfan2)
i don't know about your state but it was my understanding that any car over 100k miles cant get sold on a dealership lot unless its a used car lot and they will just auction it off, with that said if they do auction it, 3-4k is what they will offer you, your talking about the stealership here, never forget that...
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From: Chicago
Re: Trade in value of the R? (blinx9900)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">i don't know about your state but it was my understanding that any car over 100k miles cant get sold on a dealership lot unless its a used car lot and they will just auction it off, with that said if they do auction it, 3-4k is what they will offer you, your talking about the stealership here, never forget that...</TD></TR></TABLE>
You have no idea what you're talking about.
I've never heard of any such legislation. Granted, many dealerships prefer not to deal in high-mileage cars, and will indeed auction it off. However, some other dealerships are familiar with the ITR and are always looking to buy one.
Sounds like you have no experience running or managing a business. Certainly none in the automotive industry.
You have no idea what you're talking about.
I've never heard of any such legislation. Granted, many dealerships prefer not to deal in high-mileage cars, and will indeed auction it off. However, some other dealerships are familiar with the ITR and are always looking to buy one.
Sounds like you have no experience running or managing a business. Certainly none in the automotive industry.
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From: Taunton, ma, usa
Re: Trade in value of the R? (get RIGHT)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">i don't know about your state but it was my understanding that any car over 100k miles cant get sold on a dealership lot unless its a used car lot and they will just auction it off, with that said if they do auction it, 3-4k is what they will offer you, your talking about the stealership here, never forget that...</TD></TR></TABLE>
its the same in mass. they can sell it on a used lot but if it has over 100k they will sell it to a wholesaler because a new car dealership cant warranty anything over 100k, thats in mass at a honda dealer.
its the same in mass. they can sell it on a used lot but if it has over 100k they will sell it to a wholesaler because a new car dealership cant warranty anything over 100k, thats in mass at a honda dealer.
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Re: Trade in value of the R? (BMaDOHC)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by BMaDOHC »</TD></TR><TR><TD CLASS="quote">its the same in mass. they can sell it on a used lot but if it has over 100k they will sell it to a wholesaler because a new car dealership cant warranty anything over 100k, thats in mass at a honda dealer.</TD></TR></TABLE>
Again. That may be common practice. But is it actually illegal, or is it just what dealers do? If it's illegal for them to warranty cars with over 100K miles, it should be easy enough for you to find a reliable reference to the legislation. I can't find one.
If you're referring to a "Honda (or Acura) certified used car warranty", that's a different story. Honda/Acura has certain requirements for their certified used car program, with restrictions on miles (<80K) and age (<6 years) of the car. But the dealer can still provide their own warranty on a car (and/or sell a car without a warranty), if they want to. It just won't be honored by other dealers, the way a Honda certified used car warranty is.
Modified by nsxtasy at 1:53 PM 7/6/2008
Again. That may be common practice. But is it actually illegal, or is it just what dealers do? If it's illegal for them to warranty cars with over 100K miles, it should be easy enough for you to find a reliable reference to the legislation. I can't find one.
If you're referring to a "Honda (or Acura) certified used car warranty", that's a different story. Honda/Acura has certain requirements for their certified used car program, with restrictions on miles (<80K) and age (<6 years) of the car. But the dealer can still provide their own warranty on a car (and/or sell a car without a warranty), if they want to. It just won't be honored by other dealers, the way a Honda certified used car warranty is.
Modified by nsxtasy at 1:53 PM 7/6/2008
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From: ITR owner... round three
Re: Trade in value of the R? (TYPERman2001)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TYPERman2001 »</TD></TR><TR><TD CLASS="quote">call the dealerships, what ever they offer you ill beat it ,haha</TD></TR></TABLE>
I like your style...
I like your style...
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From: poopfacepartytime, ca, usa
Re: Trade in value of the R? (nsxtasy)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by nsxtasy »</TD></TR><TR><TD CLASS="quote">
You have no idea what you're talking about.
I've never heard of any such legislation. Granted, many dealerships prefer not to deal in high-mileage cars, and will indeed auction it off. However, some other dealerships are familiar with the ITR and are always looking to buy one.
Sounds like you have no experience running or managing a business. Certainly none in the automotive industry.
</TD></TR></TABLE>
dude get bent, seriously, i never said it was legal or illegal i just said they wont sell a car with over 100k on it at a newcar dealership in california and that is a god damn fact! i live here you dont, so you sir dont know what your talking about
i even went as far as to say i dont know about the OP's state and only the state i live in stupid e thugs 
You have no idea what you're talking about.
I've never heard of any such legislation. Granted, many dealerships prefer not to deal in high-mileage cars, and will indeed auction it off. However, some other dealerships are familiar with the ITR and are always looking to buy one.
Sounds like you have no experience running or managing a business. Certainly none in the automotive industry.
</TD></TR></TABLE>
dude get bent, seriously, i never said it was legal or illegal i just said they wont sell a car with over 100k on it at a newcar dealership in california and that is a god damn fact! i live here you dont, so you sir dont know what your talking about
i even went as far as to say i dont know about the OP's state and only the state i live in stupid e thugs
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From: Chicago
Re: Trade in value of the R? (blinx9900)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">i never said it was legal or illegal</TD></TR></TABLE>
Yes, you did.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">i just said they wont sell a car with over 100k on it at a newcar dealership in california</TD></TR></TABLE>
No, that's not what you said. You didn't say they won't (which means that they prefer not to). You said they can't (which means it's prohibited by law). Here are the actual words from your previous post:
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">it was my understanding that any car over 100k miles <FONT SIZE="6">cant</FONT> get sold on a dealership lot unless its a used car lot</TD></TR></TABLE>
YOUR WORDS.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">stupid e thugs </TD></TR></TABLE>
With that term, you're what, referring to people who call each other names on the internet? Names like "stupid e thugs"?
Yes, you did.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">i just said they wont sell a car with over 100k on it at a newcar dealership in california</TD></TR></TABLE>
No, that's not what you said. You didn't say they won't (which means that they prefer not to). You said they can't (which means it's prohibited by law). Here are the actual words from your previous post:
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">it was my understanding that any car over 100k miles <FONT SIZE="6">cant</FONT> get sold on a dealership lot unless its a used car lot</TD></TR></TABLE>
YOUR WORDS.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">stupid e thugs
</TD></TR></TABLE>With that term, you're what, referring to people who call each other names on the internet? Names like "stupid e thugs"?
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From: ITR owner... round three
Re: Trade in value of the R? (get RIGHT)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by get RIGHT »</TD></TR><TR><TD CLASS="quote">7-9k</TD></TR></TABLE>
This man knows... see location j/k
Dealerships are about generating quick revenue for cars in high(er) demand. There's no telling what the hell a zippy, low, loud, winged car has been through, thus the low offers.
I was offered $6500 for my '97 with 50,000 in mint condition a few years ago when I was considering an S2000. haha! I knew what I was in for anyway.
Modified by Utilitarian at 7:06 PM 7/6/2008
This man knows... see location j/k
Dealerships are about generating quick revenue for cars in high(er) demand. There's no telling what the hell a zippy, low, loud, winged car has been through, thus the low offers.
I was offered $6500 for my '97 with 50,000 in mint condition a few years ago when I was considering an S2000. haha! I knew what I was in for anyway.
Modified by Utilitarian at 7:06 PM 7/6/2008
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From: poopfacepartytime, ca, usa
Re: Trade in value of the R? (nsxtasy)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by nsxtasy »</TD></TR><TR><TD CLASS="quote">
No, that's not what you said. You didn't say they won't (which means that they prefer not to). You said they can't (which means it's prohibited by law).
</TD></TR></TABLE>
are you serious? the word "cant" does not refer to something being legal or illegal, it has to do with ability more so, example:
can you install a b16a in an EF in 30 minutes with no tools? no you cant! does that mean its illegal? no it doesn't.
I know this is not Grammar-Tech.com but "can't" is a simple word, i thought we all knew the meaning. I'm not trying to be rude to you man but you dissed me pretty hard for no reason, and as you can see its your bad.
i would have expected your attitude from a casual user, not from a moderator, come on man.
No, that's not what you said. You didn't say they won't (which means that they prefer not to). You said they can't (which means it's prohibited by law).
</TD></TR></TABLE>
are you serious? the word "cant" does not refer to something being legal or illegal, it has to do with ability more so, example:
can you install a b16a in an EF in 30 minutes with no tools? no you cant! does that mean its illegal? no it doesn't.
I know this is not Grammar-Tech.com but "can't" is a simple word, i thought we all knew the meaning. I'm not trying to be rude to you man but you dissed me pretty hard for no reason, and as you can see its your bad.
i would have expected your attitude from a casual user, not from a moderator, come on man.
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From: ITR owner... round three
Re: Trade in value of the R? (blinx9900)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">
can you install a b16a in an EF in 30 minutes with no tools? no you cant! </TD></TR></TABLE>
I saw him do it at Expo...
Thus, invalid point.
[/thread]*
* ITR's never get traded in either. The term would be 'donated' hence the asking prices.
can you install a b16a in an EF in 30 minutes with no tools? no you cant! </TD></TR></TABLE>
I saw him do it at Expo...
Thus, invalid point.
[/thread]*
* ITR's never get traded in either. The term would be 'donated' hence the asking prices.
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From: Virginia Beach, VA
Re: Trade in value of the R? (blinx9900)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by blinx9900 »</TD></TR><TR><TD CLASS="quote">
are you serious? the word "cant" does not refer to something being legal or illegal, it has to do with ability more so, example:
can you install a b16a in an EF in 30 minutes with no tools? no you cant! does that mean its illegal? no it doesn't.
I know this is not Grammar-Tech.com but "can't" is a simple word, i thought we all knew the meaning. I'm not trying to be rude to you man but you dissed me pretty hard for no reason, and as you can see its your bad.
i would have expected your attitude from a casual user, not from a moderator, come on man.</TD></TR></TABLE>
What the hell did you just say?
are you serious? the word "cant" does not refer to something being legal or illegal, it has to do with ability more so, example:
can you install a b16a in an EF in 30 minutes with no tools? no you cant! does that mean its illegal? no it doesn't.
I know this is not Grammar-Tech.com but "can't" is a simple word, i thought we all knew the meaning. I'm not trying to be rude to you man but you dissed me pretty hard for no reason, and as you can see its your bad.
i would have expected your attitude from a casual user, not from a moderator, come on man.</TD></TR></TABLE>
What the hell did you just say?