Trade Excellent
How much value should I expect from my trade-in?
I’ve struck a deal with 2 dealerships for a new SUV (great price). Now comes my trade-in appraisal today. It’s an ‘04 Accord DX that was in a minor accident (body shop had to replace the driver’s door….that’s it). Looks GREAT and is easily in excellent condition with low miles (31K). Using Edmunds, NADA and KBB…the trade-in value for this car in “good” condition ranges from $9900 (KBB) to $11800 (NADA). I owe $10,600 on the car. My goal is pay-off and the deal we’ve made for the new one.
Is that a reasonable goal? Could I do better? Should the simple body-shop work done (by some of the best in town) really hurt the value. It’s a GREAT car in GREAT shape.
If it’s in excellent shape, and the door was done properly, you should be able to get between 9-10k. Dont’ expect anymore unless they are using money from the new car. But that’s about all it’s worth.
That is wholesale value, retail would be a couple thousand more.
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