S2000 Kelly Blue Book Value
#1
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Join Date: May 2002
Location: Austin
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S2000 Kelly Blue Book Value
The other day I went to the BMW dealership here in Austin and had my car appraised for trade-in. The told me they typically use Kelly as their source for appraisels. They quoted on my 2003 S2000 with 14100 miles $19,500.
I could not believe it. I told them that I knew they were not taking mileage into consideration and I could see them putting $27,000 and probably taking $26,500 on the deal. S2000's are somewhat hard to come by here in Austin, TX. Their are 3 used ones in the city and most are older with more miles. Carmax has an 00 with 44k miles on it asking $20,185 for the car. I also noticed something with kelly, if you put your mileage in as 1 mile the price is within $500 of putting in 30k miles. Mind you this is dealer trade-in not retail or selling the car myself. I knew I was going to get low-balled but damn. NADA prices the car with the mileage at just over $23,000, which is where I thought I was going to be. Sorry for the rant but I am still trying to find my jar of vasoline. Any similar experiances or advice will be appreciated.
Thanks!
I could not believe it. I told them that I knew they were not taking mileage into consideration and I could see them putting $27,000 and probably taking $26,500 on the deal. S2000's are somewhat hard to come by here in Austin, TX. Their are 3 used ones in the city and most are older with more miles. Carmax has an 00 with 44k miles on it asking $20,185 for the car. I also noticed something with kelly, if you put your mileage in as 1 mile the price is within $500 of putting in 30k miles. Mind you this is dealer trade-in not retail or selling the car myself. I knew I was going to get low-balled but damn. NADA prices the car with the mileage at just over $23,000, which is where I thought I was going to be. Sorry for the rant but I am still trying to find my jar of vasoline. Any similar experiances or advice will be appreciated.
Thanks!
#3
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That's not too bad IMO. I have the same year as you but with 19K miles + hardtop. My friend sold his 02 (private party sale) with 22k miles for $21K.
You're nuts if you think dealership can sell that car for $26,500K heck aren't brand new ones going for $30K? Who wouldn't pay the difference ($4K) to get a brand new car?
Bottom line a trade-in is a convenience to you. The dealer is taking the risk and trouble of selling it, and must get a reward for it other wise why bother.
I think you should go to carmax and see what they will give you. Also (don't know with your state) some states allow you to deduct your trade-in against the new purchace for sales tax.
You're nuts if you think dealership can sell that car for $26,500K heck aren't brand new ones going for $30K? Who wouldn't pay the difference ($4K) to get a brand new car?
Bottom line a trade-in is a convenience to you. The dealer is taking the risk and trouble of selling it, and must get a reward for it other wise why bother.
I think you should go to carmax and see what they will give you. Also (don't know with your state) some states allow you to deduct your trade-in against the new purchace for sales tax.
#4
I'll give you $20K for the car.
#6
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The used car market is a drag now because of all the trade ins companies like GM had. More supply; If you aren't happy with what BMW of Austin quoted you get a second opinion and bring it back to them. They struck me as a little snooty when I went in there so they may be low balling you. In any case I'd get a second opinion from like Maxwell or Covert before trading in at that price. I can tell you I'd never accept that price on my 03 with 28,000 miles on it...
Austin's also weird because there are more high-income people here
If you couldn't figure it out I'm in Austin too so PM me if you need further local help...
Austin's also weird because there are more high-income people here
If you couldn't figure it out I'm in Austin too so PM me if you need further local help...
#7
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They typically use Kelly Blue Book prices? No, they typically rip people off on trade-ins is what they "typically" do because that's how they make money. Kelly Blue Book says trade in for a 2003 with standard equipment, 14,100 miles in excellent condition is $20,650, not $19,500. The S2000 is probably not a very easy car to sell. There's a small market it for it, as much you'd like to think it is a rare car (which it is). I would say you could get $23,500-24,000 for it privately. With brand new '05's going for $30k, who the heck would pay $26,500-27,000 for an '03?
I would try Carmax also. They tend to give $1,000+ over trade-in and I've heard of people getting $3,000 over trade-in value. I tried to sell my Miata to them a few years ago, but I had suspension mods done to it and they wouldn't take it. Make sure you don't have any mods before you bring it there.
I would try Carmax also. They tend to give $1,000+ over trade-in and I've heard of people getting $3,000 over trade-in value. I tried to sell my Miata to them a few years ago, but I had suspension mods done to it and they wouldn't take it. Make sure you don't have any mods before you bring it there.