Re: Can you believe trade in value? (MMIV R)

Quote, originally posted by MMIV R »

Just for giggles, I took a test drive for an Audi S4 - while I was doing this I had them value my car as a trade in. I almost puked when they said the wholesale value of my 2004 ($46k) car was around $28k - I am disgusted.

Gotta love it! http://********************/smile/emthup.gif http://********************/smile/emthup.gif

It's the only reason I bought an almost brand new C70.

 

Re: Can you believe trade in value? (MMIV R)

40% drop in the first year seems kind of steep to me also

 

Re: Can you believe trade in value? (Kaizai)

Is this a Volvo thing or is this common amongst all car brands these days? I don't mind a whole lot, I plan on keeping the car... forever!

 

My 6 month old 04 F150 was new 38k and quoted trade in after 6 months was 25k. All cars take a BIG hit in first year. Plus dealers always nail you,cause they have to smog and safety,detail and then still try to make a profit. So they hit you with low book value.

 

Re: Can you believe trade in value? (KMK454)

No, it's not a Volvo thing. This is happening with ALL vehicles these days (with a very few exceptions like the Honda Odyssey.)

Remember, we're talking wholesale price. This will always be at least a few thousand less than street price you get selling on your own. Also, all cars take a big hit if sold in their first couple of years. Further, with the discounting going on now, resale is hurt even further (e.g. a R someone paid $46k for before might go for around $41k with current discounts meaning your basis for used value starts around here before standard depreciation, hit for excess miles, wholesale discount, etc. since a comparable new car can be had for $41k.)

Always buy for as cheap as you can and try to manage conditions so you can sell on your own instead of trading in whenever possible.

Quote, originally posted by KMK454 »

Is this a Volvo thing or is this common amongst all car brands these days? I don't mind a whole lot, I plan on keeping the car... forever!

 

Re: Can you believe trade in value? (MMIV R)

Remember, the only reason they'd buy the R is to resell it! They need to ensure an upside on the purchase so they're going to give themselves a few thousand dollars of room.

Also, did you pay $46K for the car? Volvo was offering steep discounts on their cars, financing deals, etc all through the year. Like it or not, that impacts resale value.

MSRP on my TT was $42K+ but I got it for $38K (an amazing deal at a few bucks over invoice). Think I could have turned it around for something in the mid-$30s after a year? Unforuntately, I think not.

-Eric

 

Re: Can you believe trade in value? (Sue Esponte)

Quote, originally posted by Sue Esponte »

Also, did you pay $46K for the car? Volvo was offering steep discounts on their cars, financing deals, etc all through the year. Like it or not, that impacts resale value. -Eric

I guess I was stupid enough to pre order my (limited edition) car in August 2003 - and pay full sticker.

 

Re: Can you believe trade in value? (Sue Esponte)

Is this just sales tactic? Raising the price of the S4 might be unappealing to you, so just low-ball the trade-in. You might be more likely to bite on that, even though the numbers add up the same.

 

Re: Can you believe trade in value? (MMIV R)

And you expect a dealer to give you an accurate figure?

Edit: left keboard for 10 sec. and my 5 year old decided to finish my unfinished post.

In my experience, dealerships ingnore all options and place it in a condition status one too low. Then they provide you with the "book value" as if it's a hard number.

Modified by DocG at 5:31 PM 10-20-2004

 

Re: Can you believe trade in value? (MMIV R)

When it comes to making the deal, be mean about the bottom line and always be ready to walk away. I have had much better luck lately dealing with the fleet sales manager or the internet sales manager than walking up to the dealer and asking for a price.

- Polartek

 

Re: Can you believe trade in value? (Polartek)

For the depreciation of my R I can buy a pretty loaded and not to old used US spec R ....

 

i bought my R used. paid $31,500. you know they got it for less than that...and that was about 6 months ago.

 

This price issue is all beside the main question: do you WANT an S4 instead of your R?

 

Re: Can you believe trade in value? (MMIV R)

Hey, if you're keeping a vehicle a LONG time or if you got your moneys worth out of having the car early there's nothing stupid about it. If you're concerned with resale and you're only keeping a car for a short time well that's a different story (this is why I always wait until the Volvo model I want is available through Overseas Delivery even if I'm not going overseas - it means the dealing has begun.)

Quote, originally posted by MMIV R »

I guess I was stupid enough to pre order my (limited edition) car in August 2003 - and pay full sticker.

 

Re: (23109VC)

Quote, originally posted by 23109VC »

i bought my R used. paid $31,500.

I paid $35k for mine in Feb, a Volvo "corporate" car with 5k mi. I was happy with the deal at the time -- and still basically am -- for a car that wasn't even to the first scheduled oil change yet.

They came down $1,995 from what they were asking, but I probably could have gotten them down another $1-2k if I'd really tried (and knew more about the market). But I wanted the car...

, and as I head out to experience it's awsome traction and handling in this freakish So. California rain, I love it even more.

 

Re: Can you believe trade in value? (MMIV R)

I have my car for sale privately, and I was e-mailed from Audi about the 2005 S4 lease for $499.00/mo. plus tax for 42 mo. with 1995 down, 575 acquisition, 499 first month, 500 refundable security. It's only for 10k miles per year, with $.25 per mile overage. Does this sound good??

 

Re: Can you believe trade in value? (dectech1)

$46,000 MSRP??? I got every option except Nav on my V70 R and I don't think it was anywhere near $46,000. If that figure includes taxes, DOC, title, etc, then its not normally included in the price of the car when you compare what you paid vs what you get. oclv

 

Re: Can you believe trade in value? (rollie)

Quote, originally posted by rollie »

No, it's not a Volvo thing. This is happening with ALL vehicles these days (with a very few exceptions like the Honda Odyssey.)

Not any more...if you have an Odyssey, try trading it today...you will be shocked...

Yannis

 

Re: Can you believe trade in value? (MMIV R)

Quote, originally posted by MMIV R »

I guess I was stupid enough to pre order my (limited edition) car in August 2003 - and pay full sticker.

If Chris's numbers are correct, a total of 5,000 units (1200 wagons, 3800 sedans) is limited in my mind. The problem was with production distribution. If I remember correctly, production push was for R's at the expense of AWD's thus the dealers had too many R's on the lot early in the year causing generous incentives.

 

Re: Can you believe trade in value? (dectech1)

If you can deal with 10,000 miles it's an OK lease at best I think. The problem is that the drive off is a bit high at over $3,500 and if you want a a stick you have to add $1,700 to the drive off fees for the gas guzzler tax meaning the out of pockets soars to over $5k (at which point I would walk away I think.)

Also, the Audi residual for this lease is something like 48% vs. 58% for the R as I recall so you're paying more for this lease given residual and higher MSRP compared to a R.

Quote, originally posted by dectech1 »

I have my car for sale privately, and I was e-mailed from Audi about the 2005 S4 lease for $499.00/mo. plus tax for 42 mo. with 1995 down, 575 acquisition, 499 first month, 500 refundable security. It's only for 10k miles per year, with $.25 per mile overage. Does this sound good??

 

Re: Can you believe trade in value? (dectech1)

I am currently deciding between leasing an R and an S4. The gas guzzler tax is included in the lease payments, you don't have to pay up front. The deal I am being offered, which includes a $1,000 incentive from Audi is:

36months, 15,000 miles a year, approximately $1,400 out of pocket, $625 a month, which includes 8% tax. The residual is 56%. The MSRP on the car is over $51,000 including the gas guzzler tax.

 

Re: Can you believe trade in value? (MMIV R)

The main reason I am in an R instead of an S4 is because of my extreme disgust with Jim Ellis Audi here in Marietta GA. I believe this to be a Audi thing. I was ready to buy a S4 and had been looking for awhile at them when I went in to the dealership to negotiate. Not only would they not come off of the S4 price but I was trading in a Jim Ellis 2000 A6 4.2L that I bought from them and owed some 20,000 on. On there own car they would only offer me 13,000. To say I was furious is an understatement. I told them to keep there S4 as it was not worth the 54k they were asking.

To put this in perspective, I then went to Infiniti and was offered 16500 for the car against a 04 FX45 and ended up getting an awesome deal and buying experience from Volvo of Gwinnett who offered me 18500 for the Audi as well as dropped the price on the 04 S60R with factory body kit by 2k.

I know there are alot of people on this forum who love Audi's and I respect their opinion. My experience taught me a lesson and we shall see how the Volvo long term plays out but after 50k miles my Audi stayed in the shop and the buying experience was a disgrace period.

Tigers81.

 

Re: Can you believe trade in value? (Tigers81)

Your issue isn't with the manufacturer (in this case Audi), it's with a particular dealer. If you feel you were mistreated by a dealer, you should have called customer services with Audi NA to lodge a complaint about them. It probably wouldn't have done anything immediately, but it would have put them on Audi's radar. In the long run it does make a difference. Ask the guys at Stamford Subaru what complaints did to their business. Oh wait, you can't! They had their franchise license revoked. Hasta la vista jerks. They deserved to be shut down.

Some day dealers will wake up and see that they can't mistreat consumers. But that won't happen until Ma' & Pa' know about the problem. The BBB is a nice step...but it's Audi NA you should really contact.

-Eric

 

Re: Can you believe trade in value? (Tigers81)

Not surprising. As I recall, a VWVortex user had an awful time with Jim Ellis' service department, went public on VWVortex with it, and the douchebags at Ellis threatened to sue him, precipitating some very bad PR for them.

 

Re: Can you believe trade in value? (HarryHood)

The average drop in value for the first year is ~35%. Some drop more, some less. It also depends on where you are. There are 01 V70 2.4T's with 50k on them going for $25k here (ATL, GA), and the dealers aren't generally budging. You can find these cars elsewhere for 20k or less.