my friend was going to trade his 2006 eb evo 9 with 18,000 miles for a bmw but they only give him 18k for his car is it a good deal?

 

kbb it and get an idea for a trade in that seems decent

 

Does your friend want my BMW?

 

He should be able to sell for atleast $22k private.

 

Just checked KBB and with at least 19K miles and assume it's average condition it would be at least $21,000 for that baby. They're ripping your friend off for $18,000 trade

 

i read somewhere that kbb basis its trade in values for the cali market, which is suposedly higher then the rest of the country
i could be wrong though, i usually go in with a payment in mind and i dont really care how they work the numbers as long as i get my payment probally a bad way to do it but its worked so far

 

yeah it sucks, just got my back from nissan same value 18k why?

 

Just post F/S in this forum. Someone will take it for sure.

 

lol that sucks, scm gave me $26.5k for my '06 mr with 23.5k miles when i bought my x

 

Yeah, that's a crap deal. I paid $22,500 for my '06 evo 9 SE with only 13,000 miles on it but I got the deal of the century. Blue book is over $25,000. My wife does car loans for a living.

Many times auto dealers will mess around with the trade in value number to get you a better deal on a car. I wouldn't think that is the case since you've been to multiple dealers. I've had dealers give me way over what they should have on my trade in just to get me into a car or make the numbers come out right. I got $6,000 once for a beat up '87 celica so they could make the price on the new rig look a little better for the bank.

18,000 really seems like a crazy lowball offer for an 06 with that few of miles. You'd never find one for that.

They probably know that the Evo is a good seller so they plan on making a few bucks off of you when they get rid of that trade in.

 

dealers use NADA

 

KBB is not all that accurate and you wont find a dealer out there that actually uses KBB to place a value on a car, consumers use KBB b/c its a source anyone can access, therefore a lot of the owners think their cars are worth more then they really are...KBB values a lot of the time are old and out dated.. especially in these market conditions....I just looked up some manheim auction results and EVOs with those miles were doing approx 19k give or take....

 

dealers do not use NADA, banks do, NADA figures are always the highest number out there b/c that is how the banks make their money....

 

nada values:

Rough Trade-In/ Average Trade-In/ Clean Trade-In/ Clean Retail


Base Price $19,400/ $20,675/ $21,700/ $24,375

Mileage - 18,000 miles $1,125/ $1,125/ $1,125/ $1,125
Options

Aluminum/Alloy Wheels $ 0 $ 0 $ 0 $ 0

TOTAL PRICE $20,525/ $21,800/ $22,825/ $25,500*

 

it's ok for a trade in value but deff not a good price for the car. When i went to mitsu here in Richmond and saw the X i asked them purely out of curiosity how much they'd give me for my '06 IX with 43k miles and they said anywhere in between 19k to 21k, but again you can always get a better deal selling it privately. btw i kept my IX