$42,000 trade in? [Archive] - RS6.com | International Community

Dark Knight

February 28th, 2006, 00:38

what do you think of that trade in number, $42,000?

My RS6 is Goodwood Green, EXCELLENT condition, sound enhancing exhaust, integrated phone, black leather, carbon trim, nav, park assist and all the other goodies you all have.

it has 45K miles, just had that service and at the same time 4 brand new tires mounted plus state inspection done.

When I heard the number the dealer gave I nearly laughed. from the research I've done it should be anywhere between $52 - 59K trade in.

I'm located in NE States, outside of Philadelphia, it's a good demographic.

Thoughts????

Benman

February 28th, 2006, 01:17

Originally posted by Dark Knight
what do you think of that trade in number, $42,000?

Thoughts????

puke: Dude, did he at least offer you a pillow before he jammed it up your hiney? My goodness, what a crook!

Ben:addict:

Tom C

February 28th, 2006, 01:19

It seems a bit low. The Goodwood green is a beautiful color but not for everyone's taste. Even so your car should be in the low $50's for trade-in.

Tom

BBGT2

February 28th, 2006, 01:25

I agree, he is a crook for sure and not a businessman whatsoever.
Its one thing to be fair and at trade in we are going to be stabbed but this guy is bludgeoning you with that low ball price.

I have seen RS6's on the web with more miles than yours advertised for $69K.
I say sell yourself and you wont get hammered.
The RS6 has kept its value more than I ever expcted it to, for which I am very very happy.
:D

Bajo:addict:

sturs6

February 28th, 2006, 01:37

What are you looking to get to replaceit... do you want a 500 Hp Cadillac?
I can not believe that is all the guy would give you for it. What kind of dealer was it? Is it leased and you are turning it in?

Dark Knight

February 28th, 2006, 03:12

Hey thanks guys for the responses, confirms what I thought. The guy didn't know what the hell he was doing and blatantly attempted to rape me!

It was a Mercedes dealership, in West Chester, PA. I would've been happy with them getting close to my payoff by a few thousand but they were a universe away!!!!

I know the mileage is high and I'm willing to take a little bit of a hit for that. And the green goes either way, some folks it doesn't work for them then again, when I was in the process of buying it, dealers from all over the west coast wanted it off my dealer and were willing to pay a premium. I don't think the color makes a significant positive $$ impact but if the dealer understands what he's looking at I believe the color gives some uniqueness!

Well, again, thanks for the support, that's what I needed to hear tonight, that I wasn't nuts for thinking the dealer was nuts!!! They just lost a possible life-long relationship of 2 car buyers between me and wife. Their loss.

Cheers!

nyrs6

February 28th, 2006, 04:30

I would not settle for anything less then 50k. Heck, you can probably sell it on ebay for that.

Benman

February 28th, 2006, 14:58

Originally posted by nyrs6
I would not settle for anything less then 50k. Heck, you can probably sell it on ebay for that.
Agreed, you should be able to get $50K+ anywhere, these cars are in demand.

You know, I can see a salesman at a dealer wanting to make $5-$8 grand pure profit off of your RS 6, but considering the dealer will turn right around and sell it for $63-$67K, IMHO, $25Knet profit off of your car seems just a tad excessive. Believe me, their "certified" process is not as intensive as they lead you to believe. It doesn't cost them a whole lot to perform it, yet they bump the price of the car up hard core (to recoup their costs of course:trash: ).

Heck, put it in autotrader.com and use the extra $10K-$15K for your kids colledge fund.:thumb:

Ben:addict:

Audihead

February 28th, 2006, 15:30

Originally posted by Bajors6
I agree, he is a crook for sure and not a businessman whatsoever.
Its one thing to be fair and at trade in we are going to be stabbed but this guy is bludgeoning you with that low ball price.

I have seen RS6's on the web with more miles than yours advertised for $69K.
I say sell yourself and you wont get hammered.
The RS6 has kept its value more than I ever expcted it to, for which I am very very happy.
:D

Bajo:addict:

I agree with Bajo. We have a 2003 sitting in Audi of Rochester Hills here near Detroit. They are asking $68,900 for it. It is Black/Black and no sound enhancing exhuast. This guy is looking to rake you over the coals and make a huge profit. Tell him to go fly a kite.:addict:

Dark Knight

February 28th, 2006, 16:25

hey Benman!

you're right on the money and the more i think about how casually they were in delivering the number to me the more steamed i'm getting!

it's obvious their 'guy' (apparently onsite wholesaler) doesn't know his ass from his elbow. probably just dealing in trade in Mercs and Porsches so he knows those numbers well (one would hope!!!) but get something a little different and it's apparent he's off the reservation!

thanks again you guys, it's really supportive to get this feedback and that i'm not insane for wanting something in the mid $50K's and if i got lucky in the high 50s.

also, if they wanted to move a car, and now i think they do because they've started calling letting me know they're talking to audi dealerships in the region, they could give me close to what i need on the RS then keep the car i'm looking at retail and make the money there. sure, they need to calculate in possible loss of not selling the RS to cover their costs but at the numbers i need they wouldn't get in that situation.

okay, sorry for rambling, this situation gets me fired up!!! lol

thanks again guys, this is true community support!

Benman

February 28th, 2006, 16:40

Originally posted by Dark Knight

okay, sorry for rambling, this situation gets me fired up!!! lol

thanks again guys, this is true community support!
No need to apologies, I'd be pissed too!

For what it's worth, the latest Blue Book shows the RS 6 with 45K at $61.8K wholesale, $69.9K retail. I'm not saying that everyone will get that, but just wanted you to know. And yes, it's common practice for dealers to charge full retail on used cars, but it is also practice to buy a car @ 3K under wholesale, in your case @ $59K. I personally wouldn't take anything less than $3K under wholesale.:cheers:

Ben:addict:

Dark Knight

February 28th, 2006, 16:52

Thanks, Benman. those are exactly the numbers i was working with plus looked out on trader sites with what was really going on in the marketplace and that mirrored the numbers you just gave.

I'll keep you posted with how this turns out!

Cheers for looking at the numbers.

Benman

February 28th, 2006, 17:21

Originally posted by Dark Knight

I'll keep you posted with how this turns out!

Best of Luck.:cheers:

Ben:addict:

Finnus

February 28th, 2006, 18:18

$42,000 is absurd. What did he think you had an A6 4.2?

Finnus
:addict:

eph94

February 28th, 2006, 23:12

Audi was able to sell my car at auction this month for $62,240.00. It had 21,098 "well-loved" miles at lease turn-in.

Paldi

March 3rd, 2006, 03:30

don't reduce it by much, Unless of course it's white. But I like white.:addict:

CME4AUDI's

March 4th, 2006, 18:19

Hi all...I deal a lot with these cars, and I have bought several with a lot less mileage for the mid 40's at Manheim. I don't want to be negative in here, but I think you guys are off base with your figures. It seems that you guys are huge RS6 fans, but do not obviously work in the industry. I then check out Ebay to see what they did there, and the only cars that bring the 50's are cars that have less than 25,000 miles...look for yourselves. I have a dealer that needs me to get one for him now, and I have been looking, but it seems that every car I find, the non-audi dealers are either buried in it (need too much money), or the private owners are asking too much. With regard to the color of your car, Green is not bad if you sell the car privately and find that 1 person who is looking for a green car, but a green RS6 is not a saleable car for the masses. I welcome anybody to check this out for themselves. Cheers!

Tom C

March 5th, 2006, 00:57

CME4Audi's:

I believe we are very well informed group. We even have members who give us the Manheim auction prices on RS6's. The lowest price I recall is $49K and who knows what the issues were with that car. Most were in the $50-63 range.

Do you offer cars to the public? I have been watching RS6 prices for the past 6 months. I have seen only one or two for sale in the Baltimore area.

Most dealers will try to get as close to the KBB trade-in value to consumate the sale of another car. By offering $10K shy it makes me question whether the dealer knew what he was doing.

The fact that you are having problems finding a car is simple economics. Supply and demand.... there are only 1,200 of these vehicles in the US. Right now there is about roughly 40 RS6's for sale around the country. These cars do not last in my area. 4 cars were sold in under a week on the market here in Metro DC within the past 6 months...less than an hour from you.

The problem is that you are in a position as a middle man to have a seller discount the true value of the car. You need this in order for you to make a profit when you resell to another party. In cases where you are selling to a dealer...there is a second level of mark-up which needs to be factored in when you make a purchase. The target amount you need to purchase at (in order to make a profit) is much much lower than the dealer Dark Knight dealt with... who could have possibly offset a smaller profit margin on the trade-in by making a corresponding sale of a new vehicle.

I don't think we are off-base or blinded RS6 lovers.... my projected trade in figure stands at $50K... a couple of K's below the KBB value.

Tom

Benman

March 6th, 2006, 15:45

Originally posted by Tom C
CME4Audi's:

I believe we are very well informed group. We even have members who give us the Manheim auction prices on RS6's.

Most dealers will try to get as close to the KBB trade-in value to consumate the sale of another car. By offering $10K shy it makes me question whether the dealer knew what he was doing.

The fact that you are having problems finding a car is simple economics. Supply and demand.... there are only 1,200 of these vehicles in the US. Right now there is about roughly 40 RS6's for sale around the country.

I don't think we are off-base or blinded RS6 lovers.... my projected trade in figure stands at $50K... a couple of K's below the KBB value.

Tom

CME4Audi's,

Since Tom C was polite, I'll be polite as well...

A reality check is more appropriate for yourself.

$10K shy of KBB? Right now KBB whole sits at $62K ($61800 to be exact) so more like the dude is offering him $20K less!

And yep, the car is hard to find. Right now an autotrader search shows only 30 in entire US for any price (which BTW, shows highest price: $77,900 [unrealistic], lowest price:$49,993 [unrealistic], average price:$65,785! A tad higher than the $42K offered, don't you think...).

If you really want to convince someone their averaged price, $65K car is worth $42K and that they should accept that figure, then you're going to have to do better than that...

Ben:addict:

Tom C

March 6th, 2006, 17:08

Ben:

I was referring to the KBB trade-in value (something like $52K-$53). But you hit it on the head. He wants potential RS6 sellers to soften their stance on what the car is worth. For $42K...it doesn't make sense for anyone to sell. It would take an act of desperation to part with an RS6 at that amount.

Tom

Finnus

March 6th, 2006, 17:30

$10K shy of KBB? Right now KBB whole sits at $62K ($61800 to be exact) so more like the dude is offering him $20K less!

It would take an act of desperation to part with an RS6 at that amount.

Ben and Tom, Well said.

Finnus
:addict:

JAXRS6

March 6th, 2006, 19:06

Originally posted by Dark Knight
It was a Mercedes dealership

Hmmm. Wonder if this is part of the ongoing saga of perceived MB superiority.

In 1975 I walked into an MB dealership in SoCal wearing shorts and sandals. I was 30 at the time, may have looked younger, and when I asked about the cars & possibly getting a test drive, they declined; didn't take me seriously, I think, because of the way I looked. So I drove two blocks to the BMW dealer, paid cash for a new 530i and never looked back.:bye2: :bye2: :bye2:

noushy

March 6th, 2006, 23:57

I try to stay out of these discussions but I want to give you a little support. I have sold every car we owned out of my driveway. I happen to have a dealer license and Manheim is 20 minutes from my house. I get within 5% of KBB easily. Now the fact that it is a one owner, original title makes all the difference. If you take care of the car, put it up for sale and be honest. Make sure it is clean, detailed, and with absolutely no damage. If everything works, and the car looks like new (excellent condition), you will get very close to kbb. Someone looking for that car will call, and they will know you are serious. They will inspect the car and make a fair offer. I usually list a few k above kbb, and that way have some room to negotiate. If they ask what you are willing to take, be honest and just say it. If they want to haggle, just say that is the price. I have sold BMWs, MBs, Lexus, Toyotas with no problems. I have never sold an AUDI because I have leased my last two. If you want to talk to me, email me, and I will give you my number.

Good Luck,
Noushy

Vegasguy

March 7th, 2006, 23:00

I'll give $45,000 for it. :360:

Seriously though, pics?

Green might be a color I would be interested in. :)

Pete

gmbh6

March 8th, 2006, 05:51

It took my barber (a total car guy) 2 years before he saw an RS6 that wasn't mine on the road. You just don't see these cars everyday and they are definitely worth keeping. But if you have to sell.......be patient and don't take the first offer made in haste.

Of course, if you find a true enthusiast, (audi preferred) then you can cut him a small discount since you'll know the car will be appreciated. (a very small discount) :D

Aronis

March 8th, 2006, 13:11

any new RS6 will not have the same caliber engine as the 2003 since the co that made them (not sure of spelling) is not more!

The next RS6 may have more power and features but I think the 2003 will hold value better!

But 42 for a car like that is tooo low unless it was in an accident! Or if there's a body in the trunk.

Mike

JAXRS6

March 8th, 2006, 16:36

Originally posted by Aronis
any new RS6 will not have the same caliber engine as the 2003 since the co that made them (not sure of spelling) is not more!

The company was Cosworth, based in England and known for their racing engines IIRC. I think I read that they were taken over or changed hands and may not be working for Audi anymore, but I don't think they went out of business. Maybe someone else can clarify?:trash:

Vegasguy

March 8th, 2006, 17:21

Originally posted by JAXRS6
The company was Cosworth, based in England and known for their racing engines IIRC. I think I read that they were taken over or changed hands and may not be working for Audi anymore, but I don't think they went out of business. Maybe someone else can clarify?:trash:

Cosworth is owned by the partners that own Champ car. Gerald Forsythe and Kevin Kalkhovan. At the end of the 04 season Champ car was in a position that they were going to have no engine supplier so they bought the company to ensure the supply. The engines are now sealed and it's pretty much a spec engine were all teams are equal.

Mr Kram

March 8th, 2006, 23:52

$42k is a joke. Tell the dealer to pound sand. The RS6 market is pretty decent, but you have to be patient and find the right buyer for top dollar. Unfortunately, I was impatient, but I still received full wholesale ($63k) from a broker just last week.

noushy

March 9th, 2006, 00:00

Hello again,
There is a 2003 Ebony Black/Black with cf, exhaust, nav, rear sensors, with 23k miles. AoRH bought the car for around $60k from Audi of America (end of lease). So if a dealer is willing to pay that much from Audi, your car should get at least $55k.

Noushy

CME4AUDI's

March 11th, 2006, 21:57

Well All...since you have decided to throw both me and reality under the bus...I suggest you buy Dark Knight's RS6 for 50-53 and resell it for a profit if you feel so sure-your accountants would have your heads! I have also yet to see a reply to my Ebay statement...not one sold for over 44k with mileage in the high 40's...not to mention the fact that in previous posts, I read he blew an axle and had several serious issues with his car. I bet you $42k that he didn't include that in his description to the dealer either. One more tidbit..there is a huge monetary difference between a car with mileage in the 20's and one in the high 40's. Most of you seem to think that this difference should be only about 5k...you are way off. Lastly, whoever your "friends" are that run Manheim for you, they must be dislexic...there going for 46k not 64k-with mileage in the low 40's. Check for yourselves...and the cars are black, not green.

Tom C

March 12th, 2006, 06:39

CME4AUDI's:

Well... if RS6's are "worth" that much...you shouldn't have any trouble finding your buyers an RS6. Good luck.

Just out of curiosity, when did you purchase the RS6's from Manheim and what did you sell them for?

As for ebay...I wouldn't use that as the end-all-be-all of value when a car doesn't meet the reserve. 13 RS6 auctions closed on ebay this past couple of weeks (as far back as the closed listings search allowed). Only 1 RS6 actually sold through ebay, the others did not meet the reserve. The one that sold was black/black with 17,500 miles went for $65,100. Now you might say that the 1 that sold was an aberration. Let's use a similar car, a 2003 AMG E55. 11 E55 auctions closed the same period with only 1 sale. The E55 has a strong resale value (although not as strong as it once was). Also, the CLS55 had 11 auctions end with no sales. That doesn't mean that the CLS55 does not command a strong resale value in the market place. People want to touch and see these types of vehicles before they buy them. Not many cars of this type are purchased using this medium (ebay). The potential buyers may see the vehicle on ebay and contact the dealership offline and consumate the transaction away from ebay.

As for the bus...I think your approach dictated your intimate encounter with the axles and undercarriage. You came off a little abrasive and condescending (a least in my mind). You could have made your point a little bit more politely. It is all good though... I can be abrasive too at times. :0:

Tom

Benman

March 13th, 2006, 14:48

Originally posted by CME4AUDI's
Well All...since you have decided to throw both me and reality under the bus...

It's OK guys, he is from "Cockeysville" afterall, and he's one cocky bro!:D

Ben:addict:

Radiation Joe

April 16th, 2008, 23:21

BLITZEN

April 17th, 2008, 21:17

I purchased Dark Knight's car CPO for $54k in April of '06.

The dealer didn't hesitate at $54k, threw in satellite radio, removed the phone cradle and replaced all four tires because I didn't like them. You guess what they paid for it.

Cheers.

Sweet. I didn't know that Dark Knight's and your cars were the same one. That makes yours and mine the only Goodwood Green RS6's on the board (that I know of). :applause: Did you buy it from the Mercedes dealer DK was refering to?

BTW, do you have any clue how many Goodwood RS6's were made? Or shipped to U.S.? How could I find this out?

P.S. There's been another Green RS6 w/silver interior for sale on Autotrader for the past month. I definitely prefer the black leather.

cornishmoocher

April 18th, 2008, 01:17

Cosworth produced the utterly awsome engine for the Ford RS cosworth's. Formula one pedigree, they did a RS500, 500bhp in a road car in the early 90's was insane that left many a stock broker dribbling through the bark of trees!

BTW, converting your prices into pounds, privately over here, a good RS6 will fetch £25-£40k and in a dealer you will not find one for under £30k. And we have more than the 1000 odd you have, so supply is probably better than over the pond, which in theory as you have all said should keep the value up over your side.
At the end of the day, you have the car, and you can sell it to who you like for whatever price you like, with all the advice thar you have been given here, and the great community spirit shown, i think it is unlikley that you will get ripped off!:thumb:

Good luck buddy:cheers:

mmaturo

April 18th, 2008, 20:46

I disagree completely. In the chicago market anyway the highest trade in offer i got a YEAR and a half ago was $43K on my very clean 45K miles car at that time. Most offers and one from my Audi dealer of choice were in the high $30s. Right now i would expect no offers over about $33K for my same now 61K miles car. I could not sell the car now for $44K which i owe. I am not seeing the demand around my area that the rest of you are I guess. I have seen several Rs6s go below $49K too. I think you are nuts if you think it will go for over 50 in trade. Not going to happen. A year ago for a 25K car yes. Those people advertising Rs6s at a higher price point are not selling them anywhere near that.

Benman

April 18th, 2008, 21:23

mmaturo,

I can't speak for everyone else, but my comments are based off of the original post dated over two years ago. And at time, yes, $42K was ridiculously low. Now though, $42K is what you're lucky to get. :cheers:

Ben:addict:

mmaturo

April 18th, 2008, 21:33

OOOPS sorry...my dumbass self didn't read how old the post was...my bad.

ben916

April 18th, 2008, 21:52

OOOPS sorry...my dumbass self didn't read how old the post was...my bad.

i had to do a double take on the original date also, so don't feel bad...

Benman

April 18th, 2008, 23:03

No worries, Radiation Joe was the one who dug this up from the past. ;)

Ben:addict:

christofrs4

April 19th, 2008, 01:28

I was looking at a green rs4 and the colour really put me of but thats just personal taste, so the dealer may have knoked the pice down because if the dealer but remeber dealers have to put a mark up profit on cars and they have teh possibility fo not selling teh car buts still i reckon that your car has been sriously undervaleud and a personal sale is teh best option as it is with most vehilces

cornishmoocher

April 19th, 2008, 01:34

i had to do a double take on the original date also, so don't feel bad...

Me too!!!

DuckWingDuck

April 19th, 2008, 18:01

rs4s are still crazy overpriced.

christofrs4

April 19th, 2008, 18:19

true, the rs4 i was looking at was a uk 2000 with 66 thousand miles no satnav full leather and had warped disc brakes that they fixed after i had a bit of a hissy fit about them, reduced form 20 grand to 17600.

due to the overopriced nature of rs4's and my love of them im possibly buying an accident damaged one and reparing it, shoudl hopefully save me sum cash

cornishmoocher

April 19th, 2008, 19:10

$100000 for a used RS4 duck, c'mon man that aint over priced, thats insane- we over here have a saying- at least Dick Turpin had the decency to wear a mask before he robbed you!

DuckWingDuck

April 19th, 2008, 21:00

ROFL, for sure, I was just trying to be a bit more diplomatic!! :D

nyrs6

April 22nd, 2008, 05:12

When i first read the post i was like, what are the board members smoking? Untill i looked at the date lol :jlol: :jlol:

November 19th, 2009, 10:54

this is a nice post to revive

pricing discussion - depreciation - appreciation - etc

of RS6s from 06 to 08 - now compare it to 2009 pricing scales

mmaturo

November 19th, 2009, 20:26

Depressing as hell. Now my car would trade in under 20K and can only sell it for maybe 22-23K (great condition at 78K miles, no warranty). I can eek out a little bit more if I sell my RNSE and OEM ti 19" 5 spokes separately.

November 20th, 2009, 10:52

true - that's how bad our economy now is ---

hmn Dave time to chime in ;)

DHall1

November 20th, 2009, 16:02

No mo money.

No mo money in the treasury.

No mo money in the Fed.

No mo money in my bank.

No mo money in my pocket.

No mo loans from the bank because there is no mo money in the Fed.

No mo buyers in the market because the government owns everything. 96% of all mortgages are wrapped up in FNM, FRE, FHA. And defaults are eating up the system from the inside.

No mo money.