argoldst

I am going to trade in my 2008 rx 350awd w/ nav. It has about 13k miles. What do you think I can expect for trading it in? Please let me know your thoughts on what I can expect to get for it and what is a higher number I should shoot for. This way, I can have some numbers in my head when I go and try to haggle with the dealership.

I know many of you will say I am going to get "hosed" or I should keep the car longer. I appreciate your opinions but I have decided to trade in my rx350 so that advice doesn't really help.

Thanks again for all feedback.

sama

2 months ago , I got $34500 for my 2007 RX350 FWD (Premium PKG with Nav/18 in wheels etc.) with 11500 miles.Bought it for $37500 and drove it for 15 months.

You should get between 31 to 34 K.

iKon_RX

3k-5k under the nada retail value

argoldst

I tried them but sadly they do not list 2008 (only 2007).

sportsfan8

What do you plan on trading it in for?

catdaddylo

You didn't say why you were going to trade but if it's because of the price of gas you can do the math. Let's say you avg around 20 mpg at $4 a gallon. You trade for a vehicle that get an avg of 25 mpg. Thats 5 more miles than your RX on a gallon of gas. Say you drive 15,000 miles a year. You buy 750 gallons of gas for your RX and you would buy 600 gallons for the new vehicle. You are going to save $600 a year on gas with the new vehicle. I am going to say you are going to loose some where around $5500 (I'm being conservative).It's going to take you 9 years of driving the new vehicle to break even. Of course your numbers may be different than mine. This was just an example of costs difference. Thats why I would not panic with the cost of gasoline. You have one of the safest vehicles on the road and one with a solid track record.

rklages

Keep it as you will loose a ton of money - I just bought an 09 and they where trying to unload new 08's for under invoice - the one I was looking at was a new 08 AWD with Nav and RSES and they would have let it go for under 40k (sticker was $48 on it), so your probably going to loose 15k on it from what you paid depending on what type of deal you got.

Good luck on it if you decide to trade it - what are you trading up to?

AM1

iTrader: (6)

he asked for opinions about his car and trading it. why do you people always assume stuff? to OP why dont you call a dealer and pretend like yoiu are looking to buy an used 08 and see around how much they are selling for. find a comparable model like you are trading in, then subtract 3-4K from that price and thats probably how much a dealer will give you.

argoldst

Let me say that my trade has nothing to do with gas prices directly. If gas went up another dollar, honestly I would not care so much.

My problem is that I do trade in cars usually pretty often (every 2 years or so). But my concern is that I DO believe gas prices will continue to go up, which will make my tradein value for my rx350 decrease even more.

Yes, if I trade in now will I prob take a 12k hit for only driving it one year? yes. But if gas prices continue up, I think a year from now, I can expect to take a trade in hit of 22k or more. I don't think it's worth to continue to pay almost $1,000/month to drive this car another year.

People always talk about the price of gas but I don't care about that. What I am concerned about is how the gas prices will KILL the price of our cars during trade in. What do you think your car will be worth in 2010 when people can buy electric cars and if oil is at 200,250, or 300?

If I had a lease on my rx I would hold on to it (because the dealership would take the hit) but to OWN a car now, with the intention of trading in the next 2-3 years, I think, is a VERY risky situation.

The G Man

That was my thinking too when I traded in my GX470 5 months ago. Since then, I have notice the dealership's inventory of used GX went from 6 to about 12 in 5 months and prices are getting cut monthly. I would think if I traded in my GX now, I would have gotten $2000 less than I did 5 months ago.

argoldst

EXACTLY my point. If gas goes up, it won't be a matter of how much I saved with a new gas effecient or electric car but rather, how much I saved by trading in my car now instead of later. In your case, you already saved at least 2k.

Sadly, I don't see gas going down which means, tradein values will only get worse and worse.

The G Man

argoldst, looking at the classifies, the average 08 GX cost about $37000. I would expect the dealer to offer you about $33000 for your trade in.

AM1

iTrader: (6)

you guys are thinking down the line, which is a smart thing to do with gas prices the way they are. ignore people who are in love with their car and have to question everything, even stuff that makes sense. if my rx330 wasnt leased i would have gotten rid of it a long time ago. i mean how long can you drive with a v6 suv getting 13.5 mpg average?

catdaddylo

I am of another school of thought. I like to buy a new car, pay cash, keep it a minimum of ten years and then repeat the process. In the ten year period I pay myself what most are paying a lease or payments and invest if in mutual funds or other safe markets. I keep my vehicles up and sell them my self because of the rip off you will get on trading it in. I guarantee this is the way to go unless you have to have a "new" car every couple of years. If you don't mind loosing thousands of dollars doing this I say go for it and enjoy.