Originally Posted by Corolla2Rav4
It looks like my trade-in may be worth closer to $10K. I know Iím letting go of the Corolla earlyÖWe have a need for a bigger car and we canít keep two cars (essentially, we only drive one car per day). I havenít looked at the CarFax report (Iím seeing it when I go to the dealer for my first visit tomorrow). Below is a recap of the pricing from various sites. Iím thinking of focusing on the cost of the Rav4 first Ė starting at $18K and not willing to go beyond $19K. This price is inclusive of all dealer charges but without local sales tax. Iíll discuss the Corolla once the Rav4 price is set Ė starting at $11K and not willing to go lower than $10K. Iíll mention cash last since that wonít win me any points, but I'll make it clear I'm trading in since withholding this isn't going to win me much. Any thoughts on this approach? Thanks guys Ė this is really helping me out!
Edmunds: $20,126 (retail), $16,700 (trade-in)
NADA: $20,725 (retail), $17,259 (trade-in)
KBB: $20,459 (retail), $17,459 (trade-in)
2010 Corolla S
Edmunds: $12,297 (retail), $10,037 (trade-in)
NADA: $15,250 (retail), $10,600 (trade-in)
KBB: $16,173 (retail), $9,688 (trade-in)
Dealership:$15,900 for 2009 S Model with 15K miles
That would be a great price if you can get the RAV4 for $18k. I bought my 2011 used back in October. It was the base model with the upgrade value package and had about 17k miles on it. They had it sticker price at $22,500. I started at $18,000. The lowest they would come down to is $19,500 and they wouldn't go any lower because I wanted mud flaps included at that price. So I walked out. A few days later they called back and I they came down to $18,800 when I took the mud flaps off the table (I did that install myself in about 20 minutes for less than $40). I thought it was a fair price based on what similar RAVs in the area were selling for.
If I were you I would sell the Corolla myself and not trade it in. With the low miles and recent year, you will sell it quickly on Craigslist. I've traded in cars as part of a new car deal twice and lost too much money both times. I've never done it again. No matter how well you do on one side of the offer, they'll ensure you lose on the other.