Used Car Prices

[Rob_M]

A coworker was looking for a used car recently and I couldn't believe how much used car prices have stabilized.

I found this link:

http://www.theautochannel.com/news/2...27/002075.html

It appears that for the time being even prices on Oldsmosauruses has stabilized if not gone up a few dollars.

[BNaylor]

Yeah that is surprising. Our 2002 GL2 with its options, low mileage, and excellent condition has a NADA average retail of $9600.

[PotIsYourFriend]

Originally Posted by bnaylor3400

Yeah that is surprising. Our 2002 GL2 with its options, low mileage, and excellent condition has a NADA average retail of $9600.

SELL SELL SELL!!!!!!!!!!!!!!!!!

[BNaylor]

Originally Posted by PotIsYourFriend

SELL SELL SELL!!!!!!!!!!!!!!!!!

Thats probably the wisest advice you have given to date...lol.

[JTrujillo86]

Mine will be paid off soon (or what I think to be soon). I'm gonna keep this thing til it dies and run it into the ground.

- jeremy

[BNaylor]

Originally Posted by JTrujillo86

Mine will be paid off soon (or what I think to be soon). I'm gonna keep this thing til it dies and run it into the ground.

- jeremy

Lets see sell, sell, sell or keep it until it is run into the ground. Man, you guys are making it a hard decision.

BTW - We paid ours off last year.

[nqc2k]

What is the nada value mean, is that a dealer price, or average price? I check Kelly's blue book, didn't see NADA, but I found:

99` GLS 3.4 4 door 100k Good Condition

Trade-in $2,610
Private Party $4,115
Suggested Retail $6,260

If I could get $6k i'd sell it today.

[BNaylor]

Originally Posted by nqc2k

What is the nada value mean, is that a dealer price, or average price? I check Kelly's blue book, didn't see NADA, but I found:

99` GLS 3.4 4 door 100k Good Condition

Trade-in $2,610
Private Party $4,115
Suggested Retail $6,260

If I could get $6k i'd sell it today.

The NADA (National Automobile Dealers Association) book is what new and used car dealers use to determine your cars value. The Kelly is a good guide but if the dealers go by that price you will get ripped off.

The NADA guides have average retail, trade-in value (what dealer's give) and loan value.

See www.nada.com and run your car through and see what it says.

[nqc2k]

Ok cook, nada trade in $4,600 and retail $6,150.

I bet I couldn't even get $4,600 for this. I only paid $3800 2 yrs ago when it had 60k. The value of nada may be up there, but do people really pay those prices?

[PotIsYourFriend]

I paid my off as well last year.. Cost me alittle over 5k but glad it's over... Got it Jan 2002 6 yr payment plan @ 14%... LOL, do the math........

[JTrujillo86]

Originally Posted by PotIsYourFriend

I paid my off as well last year.. Cost me alittle over 5k but glad it's over... Got it Jan 2002 6 yr payment plan @ 14%... LOL, do the math........

Ouch...

[vamc]

http://www.nadaguides.com/uv/viewres...wPr=1&wPg=2032

this is my car

[JTrujillo86]

Nothing came up with the link you posted.

- Jeremy

[BNaylor]

Originally Posted by vamc

http://www.nadaguides.com/uv/viewres...wPr=1&wPg=2032

this is my car

Yep, link is not working. Why don't you just post the results?

[vamc]

More or less, my car is only worth 2 grand with trade in.