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It used to be Hondas and Toyotas, but I am not so sure anymore, at least according to "Black Book". Out of curiosity, I thought I would see what my 2012 Honda Civic LX 4dr sedan with 2,200 ACTUAL miles is worth. The car is like showroom new, never even been driven in the rain new condition! I about fell over when I found out that the Black Book value is only $13,445!!! The car had a window sticker price of around $22,000 and it is not even a year old yet. I had thought about maybe trading it in on a new Ford F150 or Toyota Avalon, but no way will I let it go to a dealer for this price. I guess if I sold myself, I could get $16,000 or so for it.
* I know that you really can't go by window stickers though... there are new vehicles on lots now (year end 2013 models) discounted as much as $6000-10000 around here. Some of our Toyota dealers have $4000 off of new Avalons now and F150s are near $10000 off on some models.
A base Avalon is $32,000 and $4000 off would make it a $28,000 car. If I could get $15,000 trade in for my HOnda, I would still have to finance about $18,000 for the difference and to cover the taxes.
I wonder if a 4wd F150 would hold its value better than a Civic? They say Hondas hold value better than Fords, but the 4x4 F150 seems to hold their value very well.
Has anyone traded in a 1 year old car and came out with a good deal? Should I just keep my Civic? I love it, but I really want something bigger now.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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You are in that "sour spot", where the value drops significantly the first year or so. It's worth 10% less the minute you drive off the lot. Then the fact that new ones are available at sale prices means no one wants a year or two old if they can get new for the same payments, since interest is lower on new. Add to that the fact that all used cars values are down from just a few months ago because people are beginning to spend again and buying new, and many manufacturers are offering great year-end incentives. We bought a 2014 Escape 4WD in September for under $23,000 including tax and license while the sticker was over $28k, and no payments until December.
I leased a 2009 Nissan Rogue and traded it in for a new one in the spring of '12. I saw it on the dealership's website the next day for $20,000 as a used car. The sticker on it was only $24,000. So with 3 years and 36,000 miles they only lost $4,000. Of course they probably negotiated the price down to somewhere around $18,000 I would guess.
But my buddy's Chevy Exinox resale was way lower, same year. Something like $14,000
It used to be Hondas and Toyotas, but I am not so sure anymore, at least according to "Black Book". Out of curiosity, I thought I would see what my 2012 Honda Civic LX 4dr sedan with 2,200 ACTUAL miles is worth. The car is like showroom new, never even been driven in the rain new condition! I about fell over when I found out that the Black Book value is only $13,445!!! The car had a window sticker price of around $22,000 and it is not even a year old yet. I had thought about maybe trading it in on a new Ford F150 or Toyota Avalon, but no way will I let it go to a dealer for this price. I guess if I sold myself, I could get $16,000 or so for it.
* I know that you really can't go by window stickers though... there are new vehicles on lots now (year end 2013 models) discounted as much as $6000-10000 around here. Some of our Toyota dealers have $4000 off of new Avalons now and F150s are near $10000 off on some models.
A base Avalon is $32,000 and $4000 off would make it a $28,000 car. If I could get $15,000 trade in for my HOnda, I would still have to finance about $18,000 for the difference and to cover the taxes.
I wonder if a 4wd F150 would hold its value better than a Civic? They say Hondas hold value better than Fords, but the 4x4 F150 seems to hold their value very well.
Has anyone traded in a 1 year old car and came out with a good deal? Should I just keep my Civic? I love it, but I really want something bigger now.
I don't understand how someone would be considering an Avalon or a 4x4 F150 for the same vehicle purchase.
Trading or selling a one year old vehicle will generally produce the largest percentage of loss.
No one is paying $22K for a Civic LX they retail for $19 and you should be able to get one for $16K or so.
I can see paying 21,500 out the door. If you bought an automatic and paid sticker. However, no one paid sticker. No one wanted a 2012 Civic, right? Wasn't that the model year where Honda took a do over after it got terrible reviews?
I can see paying 21,500 out the door. If you bought an automatic and paid sticker. However, no one paid sticker. No one wanted a 2012 Civic, right? Wasn't that the model year where Honda took a do over after it got terrible reviews?
I don't understand how someone would be considering an Avalon or a 4x4 F150 for the same vehicle purchase.
Trading or selling a one year old vehicle will generally produce the largest percentage of loss.
Because those are two of my favorite vehicles out there. I don't really "need" a luxury car or a 4wd truck. I just like larger vehicles and was considering one. I had also considered a 2014 Accord.
Quote:
Originally Posted by robrobrob
I can see paying 21,500 out the door. If you bought an automatic and paid sticker. However, no one paid sticker. No one wanted a 2012 Civic, right? Wasn't that the model year where Honda took a do over after it got terrible reviews?
No, actually the car was free (as alpha has mentioned). Yeah, that was the year that Civic got poor reviews, but after actually owning one, I don't know what all of the fuss was about. Yeah, they got a little cheap on the materials, but the car is still well assembled and has good crash test scores. I have no complaints and have had no issues. Still 100% squeak and rattle free. I actually like the styling better than the supposedly better 2013 model.
After is all and said and done, I will probably end up keeping it and start using it as a work car and retire my 1995 Lincoln and then get me a new car to replace my Honda as a days off vehicle. I see where you can get a 2013 close-out Accord and Camry for around $20K right now.
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The car had a window sticker price of around $22,000 and it is not even a year old yet. I had thought about maybe trading it in on a new Ford F150 or Toyota Avalon, but no way will I let it go to a dealer for this price. I guess if I sold myself, I could get $16,000 or so for it. 
Yeah, that was the year that Civic got poor reviews, but after actually owning one, I don't know what all of the fuss was about. Yeah, they got a little cheap on the materials, but the car is still well assembled and has good crash test scores. I have no complaints and have had no issues. Still 100% squeak and rattle free. I actually like the styling better than the supposedly better 2013 model. 
