I bought my scion xb a couple weeks ago. I have it refinanced cos of lower interest thru credit union today. They somehow valued the car $2500 more than i paid...how that possible??

 

Go to kbb.com and see what it says. That'll at least give you a starting idea.

Most Scions are holding their value VERY well.

 

I bought my Scion xA new for around 14500, and when I traded it in for my RS3 xB, they gave me 13,500 for it... So a decrease of 1000 aint bad at all...

 

WTF, my car has only depreciated $700!

 

With gas at $2.30 and a limited supply of Scions you cant find used for less than new unless you look very hard and/or get lucky.

 

We generally sell used Scions for about $500 less than new Scions without modification. If they are modded, those are considered.

Everyone should remember when valuing their car that "Excellent" means PERFECT. That's not "perfect except for that one scratch" or "Perfect, but it needs a good cleaning" it means that this car could go directly on the showroom floor with ZERO investment. Just something to keep in mind for everybody.

-Alex

 

I wish gas was $2.30. I'd fill up for under $25.

I just paid $2.95 earlier today, and that's the cheapest around.

 

$3.25/gal here in PHX.

yeah, our cars hold their value exceptionally well. especially any of the RS series. but be careful when looking for used one. i bought my RS3 for 16,800 out the door new, while they were seling an '05 BOP with 14K miles on it for almost 2K more and it only had a few inexpensive fatory mods done to it. dealer markup anyone? 18 grand for a used box? thats like a 4K markup! i think not

 

I tried to trade in my box, 04, 24k miles, perfect condition, and the dealer wanted to give me 11.5k for it. I then told him where to put that as he was going to turn about put it on the lot for 16. Why should I practically give him the car???

 

4K markup is normal for a used car. Keep in mind that the dealer sets the price knowing that unless the customer has bad credit they will never get that for the car in most cases, but it gives room for negotiation. A normal used car deal will make about $2,000 profit on the car itself. Not trying to be defensive, just giving some facts. When I sold non scion cars their was always that time I would come back with the numbers and the customer would say "Do you think I'm stupid?" My response was always...."didn't want to miss you of you were."

 

supply and demand for used xB's are high. that's what also give there value.

 

hmmmm.. should i trade in my car???
or sell it....???

 

Didnt someone in this forum say somehting about the production of Scion (xA, xB, tC) total for each year world wide only 150k units?

 

I remember seeing their total sales for April was in the 15K range across all three lines.

That falls in line with a total production of around 150-200k per year.

 

My brother got 17,100 trade in on his 05 xB with approx 10,000 miles, the only thing it had extra was lowering springs and a CF spoiler, we took all the other stuff off. He bought it bone stock - manual.

 

that a good deal he got ...brand new is like 14k for manual stock

 

I just searched AutoTrader (search found via edmunds.com) for used 2005 xBs within 25 miles of me. (This should cover most of the Portland area.)

11 were found. Summary stats:

Advertised Price Range for this search
$19,995 Highest price
$14,965 Lowest price
$16,905 Average price

That's very little, if any, depreciation. 3 of the 11 had unlisted prices. Now, I know nothing about what options/mods have been added to these cars, but none of the pictures looked like they'd been seriously tricked out.

 

I was told by my dealer that the used Scions are marked up because most people walk into a dealership thinking they can't afford a new one. He said right away you can't change their mind about it, they came into buy used & that is all they want so they pay for it even know they don't have to.

I am not a dealer so don't quote me on this, it was just what I was told.

 

That is actually very true. I get calls all the time for someone looking for a used one and I tell them to buy new. Most of them say no that they are looking for used and thats all.

As far as the guy who traded in his xB for over 17,000. My first thought was to call b.s. and then I thought about it and realized there are a lot of non-scion dealers that just have no idea that would actually do something like that.

For anyone who has an xB I reccomend that if you want something newer be it an 06 with the mp3 input and audio controls on the steering wheel or maybe want a 5 speed and you have an auto or vice versa, trade in. In most cases your payment will actually go down. One of the best parts of selling Scions is that there are a lot of customers I have sold multiple Scions to in the past two years.

 

Wouldn't private party selling be better? From blue book alone, selling fetches more than trade ins.