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**2007 Highlander V6 AWD Limited, 86k miles.** The carfax has full service records and shows the oil was changed religiously every 3k miles. No other records/accidents/etc noted. Average about 10k miles/year. Single owner. It also has *all* the options on top of being the Limited trim. Power seats, heated seat, sunroof, leather, tow package, etc.
Price: $16987 (this was their initial list/offer price). (KBB has the range from $16831 to $19834 with a fair purchase price of $18,333. NADA has it at $16,225). I would expect to be able to get this lower. I really didn't expect to be considering a purchase until they came back with the trade in offer on my current car.
Taxes - $594
License - $161
Dealer Handling - $134
Trade - $8500 (-$600)
Now my trade is a 2011 Mazda3. I want to get into a highlander because the mazda3 is too small for my family and I need AWD to get out of my driveway in the winter. I also like the smooth ride on the highway, where I spend a lot of time during the week. I'm sick of having a garage I can't use in the winter. The car has 70k miles on it. My ex-wife put a big ding on the driver's side door (and ****ed up my garage door last year). I got quoted about $1200-1400 to fix it but haven't gotten around to it. KBB told me to expect about $7k ($7100 to $8100 on NADA) on a trade for the Mazda, so $8500 seems like a gift to me. Honestly, being able to get out of that car for $600 seems like a steal because the lack of cruise control makes me crazy and the cost to fix the door is more than that. I put no money down on it originally 25 months ago.
**My Concern**
After I got home, I called back to the dealer to see if it had been a trade in or an auction purchase. My salesman had already left but the guy on the phone said he was pretty sure it was an auction purchase. My question is why would the original dealer who sold the car new and serviced the car entirely for its life so far, sell it at auction? Does that indicate they know of an issue with it?
Thanks for your help in advance and please let me know if I can add any other information.
**2007 Highlander V6 AWD Limited, 86k miles.** The carfax has full service records and shows the oil was changed religiously every 3k miles. No other records/accidents/etc noted. Average about 10k miles/year. Single owner. It also has *all* the options on top of being the Limited trim. Power seats, heated seat, sunroof, leather, tow package, etc.
Price: $16987 (this was their initial list/offer price). (KBB has the range from $16831 to $19834 with a fair purchase price of $18,333. NADA has it at $16,225). I would expect to be able to get this lower. I really didn't expect to be considering a purchase until they came back with the trade in offer on my current car.
Taxes - $594
License - $161
Dealer Handling - $134
Trade - $8500 (-$600)
Now my trade is a 2011 Mazda3. I want to get into a highlander because the mazda3 is too small for my family and I need AWD to get out of my driveway in the winter. I also like the smooth ride on the highway, where I spend a lot of time during the week. I'm sick of having a garage I can't use in the winter. The car has 70k miles on it. My ex-wife put a big ding on the driver's side door (and ****ed up my garage door last year). I got quoted about $1200-1400 to fix it but haven't gotten around to it. KBB told me to expect about $7k ($7100 to $8100 on NADA) on a trade for the Mazda, so $8500 seems like a gift to me. Honestly, being able to get out of that car for $600 seems like a steal because the lack of cruise control makes me crazy and the cost to fix the door is more than that. I put no money down on it originally 25 months ago.
**My Concern**
After I got home, I called back to the dealer to see if it had been a trade in or an auction purchase. My salesman had already left but the guy on the phone said he was pretty sure it was an auction purchase. My question is why would the original dealer who sold the car new and serviced the car entirely for its life so far, sell it at auction? Does that indicate they know of an issue with it?
Thanks for your help in advance and please let me know if I can add any other information.
You are paying full sticker on that. KBB is for amateurs. Use edmunds.com and assess average regardless of shape and give 30 percent on the extras. That's close enough. It's probably auction as no front line used at a dealer is over 5-6 years typically. This thing is 8 almost 9 years. Walk. This is about 3-5k too high.
To answer your question about auctions. Some dealers only want low mileage cars on their lot so it's possible one of those dealers sent it to auction because of this but there is really no way to know the reason why. I bought a vehicle that was bought thru an auction by a dealer and it turned out to be a good vehicle.
I agree with Caleb. It's quite an old car. Price is high especially after you consider paying the dealer padded fees and taxes. If you can get it around or below $12,500, it is could a good deal. There's probably other dealers with better pricing. check out Autotrader. There's no way to tell with auctions. The best way is to check the vehicle history with a service like Carfax.
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