Hello, I have a 2013 Subaru Outback Limited that is in great condition. I am considering trading it in on a 2016 Outback with the eyesight package.
As I was reading through the Subaru Guaranteed Trade Program (GTP) I saw that vehicles involved in accidents were not eligible. Two years ago, I was rear ended at a low speed and the rear bumper needed to be replaced.
I ran the Carfax and it is completely clean. I also ran AutoCheck and it does indicate an accident based upon a police report.
I guess I will go to Carmax and let them appraise the Outback and see where the value lands.
Ultimately my question is, does anyone have experience trading in a vehicle with previous accident damage? (the body shop did not find anything beyond the cosmetic damage and it has not had any problems with driving)
GTP is for chumps. Your car is probably worth $1500 more as
a normal dealer trade-in -- or $2-$3k more in a private sale.
At least that's how KBB evaluates my 2013 Legacy Limited.
Absolutely true...... GTP is like other no-dicker pricing anywhere - it is for those buyers that are too timid or lazy to negotiate a firm deal with trade. Dealerships live to see this type of buyer walk onto the showroom floor cuz it means an extra $2K in $$$$ in their pockets. It's these same type of buyers that add thousands of high margin dealer add ons and when the sales people give them an extra $1 or so in trade value, they convince themselves that they got a super deal LOL
FYI I traded my 2013 with 37K miles and 2 door dings and got $19,500.00 ($26,500.00 new) on the trade on a 2016 in August. The 2016 have way more creature comforts. Same Basic Car. Love the power tail gate > And they also fixed the problem with changing out the headlights. Aluminum hood is also much nicer.
Thanks for the input. I still plan to run it by Carmax to see how they value the car. And have also been checking KBB and other sites for current value. In Kansas I can not pay sales tax on the trade value in the deal, so in my case we are talking over $2000. The big catch of course is that I have to trade it in on a vehicle at a dealership.
Yes, I was also about to point out a part of the calcuation many miss (myself included) - sales tax is assessed on the difference between the trade in and the new car price. So for a newish vehicle, that can come out to a lot (9.945% here in the people's republik of Boulder). So about that 2k tax difference by trade-in vs private sale you mention.
The Insurance Information Institute has info on their web site about diminished value from accident damaged. Insurance companies have an obligation to pay for diminished value and an obligation to have a method to calculate it. A replaced bumper is de minimis damage so the obligations may not apply?
I traded one of my '11 Outbacks for a new '14 Outback. The '11 had about 50k miles on the clock and a collision report in CarFax (similar to this thread - rear end hit, bumper replacement). And it was a smoker-used vehicle. Subaru dealer gave me $16k trade for it without batting an eye (not eligible for Guaranteed Trade as I was second owner) in addition to $2500 off MSRP of $25300 for an Out The Door of $24500. Depending on the dealer you'll do fine.
Thank all for the input. Subaru had the GTP value at $21,150 and I was given $22,500 trade at a Honda dealer. Always hard to determine how they played their game, but for me the numbers worked.
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