oldham Posted March 13, 2017 Report Share Posted March 13, 2017 (edited) Boy did I have a rude awakening recently. I considered trading my 2 year old Edge in on a new 2017. After researching Kelly Blue Book (KBB) and National Automobile Dealers Assn (NADA) I found that a Ford Edge drops in value by about half the moment you drive it off the lot after purchasing it. This is for trade-in only not resale value. There was very little difference in a 1 month old and a 3 year old vehicle. I guess I will drive my Edge a few more years then trade it in on a year old vehicle. This is probably true for many vehicles not just the Edge. But that is all I checked. Edited March 13, 2017 by oldham Quote Link to comment Share on other sites More sharing options...
enigma-2 Posted March 13, 2017 Report Share Posted March 13, 2017 The rule I'm familiar with is a drop of 20% when you drive it off the lot. 50% seems high. Quote Link to comment Share on other sites More sharing options...
akirby Posted March 13, 2017 Report Share Posted March 13, 2017 I guarantee there is a significant difference between wholesale value on a 1 month old vs. 3 year old vehicle. 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted March 13, 2017 Report Share Posted March 13, 2017 There is a big drop immediately because people are willing to pay a lot more for a brand new vehicle right off the bat. 20% sounds about right. Remember the dealer who buys it has to sell it alongside brand new ones. But it will still drop another 30% over the first 3 years. Quote Link to comment Share on other sites More sharing options...
oldham Posted March 14, 2017 Author Report Share Posted March 14, 2017 You may be correct but I'm just going by the figures indicated in KBB and NADA. Again it is trade-in value. They ignore when you bought the car and if there is still warranty and options installed. The local Ford dealer here said it sounded about right to him. Quote Link to comment Share on other sites More sharing options...
akirby Posted March 14, 2017 Report Share Posted March 14, 2017 You may be correct but I'm just going by the figures indicated in KBB and NADA. Again it is trade-in value. They ignore when you bought the car and if there is still warranty and options installed. The local Ford dealer here said it sounded about right to him. nada.com Edge 2WD SEL w/nav and sunroof 2014 - 36K miles - avg trade-in $19,600 2016 - 12K miles - clean trade-in $26,650 Quote Link to comment Share on other sites More sharing options...
RC Mike Posted March 16, 2017 Report Share Posted March 16, 2017 Doing a trade-in is never the way to maximize your old vehicle's value. Convenience has a cost. Quote Link to comment Share on other sites More sharing options...
junehhan Posted March 19, 2017 Report Share Posted March 19, 2017 If you still want some of the convenience of trading in a car but want to get a little more money for your vehicle, most dealerships will allow you to do what is called a pass-thru sale. I have utilized this before with my dealer when I found a private buyer for my Chebby Trailblazer SS. They charged me a $300 fee plus I think $100 in doc fees to do it for me. I traded it in to them to get the sales tax benefit on the purchase of my new vehicle and they in turn immediately sell it to my buyer at the price they agreed to pay for it. 1 Quote Link to comment Share on other sites More sharing options...
WWWPerfA_ZN0W Posted March 19, 2017 Report Share Posted March 19, 2017 Wow, good to know!Yet another dark corner alit. 1 Quote Link to comment Share on other sites More sharing options...
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