Originally Posted By: Bill in Utah
Originally Posted By: antiqueshell
Although it shouldn't be this way, the number of those cars that will see a new owner or trade to a dealer is fairly unlikely around that kind of mileage. most owners that are in that mileage area are NOT going to sell, so honestly it causes no issues for the owner. At 185k (300k kms) what is the value of that car anyhow? Not much.
Book on a 2005 CE with nothing but power door locks (5 sp manual) is a little under $5,000 with 270,000 miles on it. I've been offered more when it had that much.
They hold their value quite well and now with the current economy and cost of new vehicles, lack of people being able to afford something new you'd be surprised how well cars like Corollas, Civics and such do in the market.
Just ran mine on KBB and excellent is $4668, V good is $4318 and fair is $3668. With 288,000 miles on it.
Same car with 185,000 miles is just a couple hundred more.
Edmunds has it around $3400 private party and $4200 for dealer. If it was outstanding it would be $400 more.
Nada?
Code:
Rough Average Clean Clean
trade in retail
Base Price $4,425 $5,325 $6,050 $8,275
Mileage (288,000) -$1,725 -$1,725 -$1,725 -$1,725
Options: (edit options)
W/out Auto. Trans. -$400 -$400 -$400 -$400
Power Door Locks $100 $100 $100 $125
Cruise Control $100 $100 $100 $125
TOTAL PRICE: $2,500 $3,400 $4,125 $6,400
Not bad for a vehicle that is 9 model years old, had 288,000 miles and cost new around $14,000 out the door.
Certainly worth $300 for a new speedo and a sticker.
I've seen new cars loose that as much as mine in 9 years in 9 minutes once its leaves the dealership lot.
Bill
I have a 2012 Corolla with 9,000 miles on it, but I still owe $10,600 on it. I hope my resale value holds like that.