What Sort Of Trade In Values Are You Getting?
The lease on my 2006 SLE convertible is coming to an end next month. I've been looking at other cars to replace my Solara. Sadly, there really are not any substitutes for the Solara convertible. The reason I want to trade my car in, rather than let it go back to the lease source, is to save on sales tax. Here in Texas, the sales tax is based on the trading difference. The lease payoff is $14466.00. According to a number of internet sources, the trade-in value is very near the payoff. While I knew I would have little, if any equity in the car, I've been shocked to find just how little the ACV (actual cash value) has been. The numbers have run from $12,000-$12,300. I would understand these numbers if the car was a dog, but it's not. It still looks very much like the day I got it 60,000 miles ago. At the numbers quoted, the advantage of trading the car in is offset by the negative equity. Have any of your guys tried to trade your Solaras in recently? I was wondering what ACV you are actually being offered for your car. Remember ACV and trade allowance are two different things. ACV is what the dealership is putting in your car. That is the "real" number. The trade allowance is what it the ACV + discount they would have given you had you bought the car outright without a trade. The cars I've looked at so far has been an 2011 Acura TL Tech and a Toyota Avalon. Yea I know an Avalon? Very nice car, but I feel like an old man driving it. Actually, it drives very nice and has a ton to tech in it. I like sh** like that. Just wondering what is being offered on your Solaras.
Howard
Arctic Frost Pearl/Ivory, Navi 2006 SLE Convertible
Arctic Frost Pearl/Ivory, Navi 2006 SLE Convertible
-
linmk2 - Regular SolaraGuy Member
- Posts: 175
- Joined: Sat Nov 19, 2005 12:28 pm
- Location: Port Arthur, Texas