NADA

Disclaimer: Links on this page pointing to Amazon, eBay and other sites may include affiliate code. If you click them and make a purchase, we may earn a small commission.

Richard Hoblitt

Full Access Member
Joined
Nov 25, 2007
Messages
58
Reaction score
0
Location
Oregon
:thumbsup: I jjust went on line to NADA and looked up the retail value of our 07 LTZ and it is more than we paid for it new 10 months ago. You talk about a vehicle that retains it value then you are talking Chevy. Tahoe. :thumbsup:
 

ugachs24

Full Access Member
Joined
Jan 26, 2008
Messages
635
Reaction score
0
Location
Roswell, Georgia / Clearwater, Florida
:thumbsup: I jjust went on line to NADA and looked up the retail value of our 07 LTZ and it is more than we paid for it new 10 months ago. You talk about a vehicle that retains it value then you are talking Chevy. Tahoe. :thumbsup:

Good, sounds like they're doing better than when I bought my '04. It seems like I bought mine either right before or after they did all the employee discounts and it just killed me resale value. You could buy a new one cheaper than a used one- nobody wanted a used one. Mine dropped like lead, but it's good to see that the new ones are doing better :thumbsup: .
 

beach109

Full Access Member
Joined
Sep 25, 2007
Messages
105
Reaction score
0
Except, in most cases, anymore you just will not get those book values. Particularly not on full-size SUV's such as these. They retain value well enough, but have really taken hits lately being big and relatively thirsty.

NADA tends to be the most inflated of all, followed by a somewhat more realistic KBB (but not much), and then Edmunds.

4 years ago, we got the Edmunds value exactly for our perfect '02 Avalanche, trading it in on the '04 Suburban. Fast forward to a couple of weeks ago, trading the Suburban (as flawless as the Avalanche before it) in on a new Malibu, and the absolute best we could get was $4000 under Edmunds, which was the lowest to begin with. Knew to expect it after having two others offer similar amounts back in November, in other states, and also having a friend pull up recent auction prices for me--pretty much dead on.

Not to say a newer '07/08 wouldn't fair better...but not by much. They're not setting sales records as new anymore, and people aren't as gangbusters over buying a big ute unless they get a great deal.

Moreso, factor in the deals and rebates anyone could walk in and get on a new '08 right now, and you know to assume that your used value for the same vehicle is automatically a few grand less than that at least.
 

hbrbmx

Full Access Member
Joined
Jan 1, 2008
Messages
190
Reaction score
0
Location
Summerville, SC
4 years ago, we got the Edmunds value exactly for our perfect '02 Avalanche, trading it in on the '04 Suburban. Fast forward to a couple of weeks ago, trading the Suburban (as flawless as the Avalanche before it) in on a new Malibu, and the absolute best we could get was $4000 under Edmunds, which was the lowest to begin with. Knew to expect it after having two others offer similar amounts back in November, in other states, and also having a friend pull up recent auction prices for me--pretty much dead on.

Way more margin on the Suburban vs. the Malibu to allow for more trade $............
 
Top