I'm going to be shopping my car around to a couple of Toyota/Scion dealers next week. Any idea of how much dealers are giving for trade in values for a 2006 Scion tC? I will be trading it in for a XB2 if the money is right.

Details of the car:

I currently owe a little less than 13K on it. The value of the car with the options I got put into it was stickered at around 24K.

40,700miles
Brake pads were just replaced
One tire was just replaced because of a flat
Paint is almost perfect (a couple tiny nicks here and there and still shines
Moonroof was replaced because of a crack in it
$2400 worth of body damage is being fixed on it right now because of a hit and run while on vacation (headlamp being replaced, hood being replaced, front bumper being replaced, and low beam light being replaced)

I'm hoping to get $10,000k for it and be upside down only 3K, think thats possible with as bad as the market is and dealers striving for car sales right now?

 

i'd hold off if i were you. Negative equity rolled into another car is not a smart move in today's market place. Good luck though.

 

50k miles on an 06 in poor/fair condition is around $8-9,000. Regardless of it being fixed, an accident will always show.

Don't waste your time or money, an xB2 isn't worth $25,000-28,000.

 

I think the most they will give you is what you owe. But you have more miles then mine and it's an 05. If they give you what you owe then you are starting over and may need money down.
Your also trading down to a cheaper car. That will hurt what they want to give you. Don't let them do the number game and say look your payment will be the same. There will be a catch somewhere.
Good luck.

jjp

 

depends on the dealer. since the trade in is the only aspect that scion can negotiate on they should be agreessive around blue book price for good and below that due to your accident. all i have to say is if you do roll that negative equity to your new scion, buy the $490.00 gap insurance. people will get on my back for saying that but its smart in negative equity situtaions. you dont wanna be stuck payin the difference finances if something were to happen. 490 is a small price to pay

 

and carbons right man. i mean we got people payin a base tc,and its costing them almost 30 because of trhe negative equity(well most of that is from suvs)

 

If you total your vehicle and you have negative equity rolled over from a previous vehicle, your insurance company won't cover the negative equity (well Allstate won't but not sure about all of them).

 

yea thats what i mean. with gap insurance toyota pays the difference . when you finance with toyota motor financial if you total your car. we give you 17.your financing 21 with some negative equity and thats why your at 21 . you have 30 days to pay the difference,by gettin gap insurance with toyota they pay the difference

 

How does a car that is almost in perfect condition other than an accident (there was no mechanical damage done, just small body repairs) make it poor/fair condition?

 

Because it was in an accident.

 

unfortunately any car in an accident rolls up as poor/fair to most dealers and most buyers.....

 

^^^exactly.any dealership seeing even a minor accident will make it fair. i mean ive seen our appraisers find lil leaks in headlight and etc...

 

and mark it lower. especially with scion and like i said earlier the trade in the only aspect that can be highered or lowered