I got $23K equiped (sports+premium packages) from KBB in Good with mileage (2nd level); Edmunds shows $24.5 for Clean (2nd level) with mileage. The outlier is NADA where it shows $29.7K for average trade ($35k for average resale - yes that is factoring in miles). If only dealerships would use NADA I would be
livin' large.
Retail wise - with similar miles dealers are listing them around $30k-$34k. I figured $25k was realistic since a new one equiped like mine is over $40k.
My logic is that if after 1-1.5 of driving (end of 2007); I will owe ($33k<price of $31.5K+fees+taxes,etc>-$2.6k<credit>-$10K equity-$6K<payments> = $14.4K. I would need the car to be worth $24.4K to keep equity.
Assuming the car looses 40% in 3 years (car looses $12.9k) and most of the loss occures in the 1st year (assume 40% of loss). Then the first year loss would be $5K. That would mean I would have a retail value of ($26.5K) which would mean a trade in of about $22K-23K.
Equity after 1 year = $7.6k-$8.6k
Does all that make sense and seem realistic? I could use $ saved in gas ($70 per month) to reduce my payments by factoring it into my payment (assume 1500 miles/month with 24mpg/36mpg respective and a $.15 difference in price for grade).
My brain hurts - I am going to rest.
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Originally Posted by ozarkgolfer
Trade in on an Audi A4 1.8T cabriolet in 'good' condition with those miles is $21k if you have all the regular toys, and not the quattro, according to www.kbb.com. In my experience, if the dealer is not making his mark up on the sale, he's doing it on the trade in. Trade in value is also dependent on where you 'deal'. Where I live, you see an Audi about every three weeks. Part of your problem on this trade in and any future trade in will be the mileage and anyone who buys your Audi, no matter how pristine it is, is going to use the fact that you have excess miles and that the warranty period is about to expire! |