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Need a wholesale price for a 1998 Yukon

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Old 02-14-2003, 10:14 PM
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Thank you all
Any more insite?
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Old 02-14-2003, 11:25 PM
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NADA trade-in is "supposed" to fall right in line with wholesale. Classified person-to-person pricing is usually a bit higher and dealer used car pricing is higher again (but you get 3 month warranty).

HOW EVER...
In these odd times, the only clear usable indicator of true wholesale value is the Manheim auto auction database. It lists the sell price of stuff nationwide weekly.

Right now, pre-00 Yukon/Tahoes are running about a grand UNDER nada trade-in for wholesale numbers (at least in the southeast).

You MIGHT be looking at a truck worth 14k, 15k if it is the cleanest unit known to mankind.

Is this currently your car? Do you already have a loan on it? I am confused? Is this a lease buyout you are talking about (which would make the most sense)?
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Old 02-14-2003, 11:33 PM
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Here are the results from the wholesale auctions I attend. These are actual sales.

Auction Transaction Report With Exact Matches
National DATE: 02/14/2003
VEHICLE IDENTIFICATION
--------------------------------------------------------------------------------
Make: GMC
Year: 1998
Model: YUKON 4WD V8
Type: 4D UTILITY 5.7L SLE

REPORTED WHOLESALE AUCTION SALES

4D UTILITY 5.7L SLE 62,081 $13,000 01/14/2003 DAL DLRS X A X SILVER
4D UTILITY 5.7L SLE 76,167 $12,100 01/24/2003 NEVADA A X WHITE
4D UTILITY 5.7L SLE 73,645 $12,100 01/30/2003 FRDKBURG X WHITE
4D UTILITY 5.7L SLE 85,272 $11,500 01/16/2003 FRDKBURG A X BLACK
4D UTILITY 5.7L SLE 83,884 $11,000 02/10/2003 AYCOCK X A X MARRON
4D UTILITY 5.7L SLE 110,383 $10,550 01/15/2003 KC X A X BLACK
4D UTILITY 5.7L SLE 99,990 $10,450 02/05/2003 KC X A X BLUE
4D UTILITY 5.7L SLE 117,060 $10,000 01/29/2003 KC X A X GREEN
4D UTILITY 5.7L SLE 90,669 $9,950 01/21/2003 SKYLINE X A X BLACK
4D UTILITY 5.7L SLE 125,935 $9,700 01/30/2003 GTR PHNX X A X WHITE
4D UTILITY 5.7L SLE 89,525 $9,700 02/12/2003 MINNEAP X A X RED
4D UTILITY 5.7L SLE 77,671 $9,500 02/04/2003 STATESVL X A X MAROON
4D UTILITY 5.7L SLE 160,768 $7,700 02/04/2003 TENN X A X WHITE



--------------------------------------------------------------------------------

R E C A P
Make: GMC
Year: 1998
Model: YUKON 4WD V8
Type: 4D UTILITY 5.7L SLE
Prices High: $13,000
Low: $7,700
Average: $10,557


Average Miles: 96,388
# of Vehicles: 13

Last edited by Rocky Dell; 02-15-2003 at 12:04 AM.
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Old 02-15-2003, 09:57 AM
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Yes this is a lease trade-in.
I 'll be trading it in OCT 2003.
Thinking about a buy out but,
How do I present it to the bank with the price I want to pay?
Boatle$$ THANKS FOR THE RESPONCE!!!!!!!!
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Old 02-15-2003, 10:10 AM
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You can forget all the books. The only true way to tell the current value of a vehicle is by attending auctions regularly and that's what I do for a living. The books are to be used ONLY as a guideline or base. You have to of course take a look at them, but as I said the ultimate value is determined by the current market conditions which change weekly. NADA is printed monthly, even the internet version is not updated weekly. Kelly Blue Book is the same way. In the wholesale business, we use a Black Book which is printed weekly. It's okay for a guide, but still not 100% accurate. There is one book that we wholesalers use and it's also printed every week. It's Galves and most of us use this as a guide. It is kind of what I would call sub-wholesale. It lists prices that we have to buy cars for in order to make a profit. Mind you though, you still have to deduct for reconditioning, etc. and it is still only a GUIDE. Your truck in Galves is $12,600 with mileage set at 60,000, less $150 per 1,000 miles over. So a 69,000 mile Yukon in Galves is valued at $11,700. So if it were me buying this truck, I'd want to buy it for around $11,000 plus recon, auction fees and have $11,500 max in it and hope to get $12,000-$12,500 out of it at auction. You can tell Bank of America that in no way are they going to get even close to their price. They would be lucky to get $13,000 gross, not counting shipping, recon, auction fees, etc. I see their vehicles go through the auctions every week. All their residual values were set too high at the inception of the leases. The banks are taking a bath. That's why most of them are getting out of leasing. When GE Capital stops leasing, you know there is no money left to be made. GE Capital was the biggest at one time, even owned their own auctions. GE's philosophy is if they can't be number one in something, they're out. Didn't mean for this to get so long, but you need to know that YOU SHOULD NOT BUY THIS TRUCK for any more then the figures I've stated.
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Old 02-15-2003, 11:10 AM
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Thanks again. This is sooooo Helpful.
Manheim auction is open to the public the 28th of february out here in Vegas.
I going to make time to go.
A friend of mine will charge me 50 dollars over auction price if I want a vehicle.
Thanks again,
Rick
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Old 02-15-2003, 01:52 PM
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Cool Re: 20.900?

Quote:
Originally posted by fountain27ho496
I have a 98 tahoe, recently offered 10.000 on a trade in (ouch)
Have it for sale for 15,900. Sharp truck, 2dr. blk. leather 4wd.
Hope this helps.
Same thing happened to me.

GM's 0 down 0% financing created a glut on used GM SUVs in my market.

I sold my 98 Tahoe (LT/leather) 4 door, 4WD, Denali chrome rims, 70K miles, Air Ride bags w/onboard compresser....etc, etc... for $15K. Edmunds and Nada were in the ballpark.

The new Sub was worth it, though...
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Old 02-16-2003, 11:38 PM
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I have a 1999 Tahoe Sport 4X4 for sale. It is a custom show truck for my car audio store. The truck has 21000 miles, stays indoors so looks brand new. Has supercharger, headers, head work, intake work, shift kit, Hotchkis suspension, custom chrome wheels, and a huge sound system with 6 ten inch subs fiberglassed into the quarter (three on each side) four amplifiers floating on plexiglass, custom kickpanel, navigation system. All high end Eclipse, MBQuart etc. Stereo almost $20,000. This truck looks and runs better than anything you can buy new. Over $70K invested. Taking offers around $31,000.
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