This will definitely be interesting considering the federal tax rebate. Since the next buyer can not take advantage of the tax rebate I would think your trade in value will 33,500 - 7,500 - a depreciation number. I really don't know your situation but to the outside person this would seem like a tax deferral scheme. Not that care if that's what you are doing, I am
More interested to see what you get for the trade.

 

You will not get close to $28K for a trade-in. The value less the tax credit puts it at $26K to start with. Then you have to subtract the probably $3K for just driving off the lot. Put's you at $23K. And finally for trade-in, the dealer needs to make money when they sell the car, so they will offer you $20K for trade in. They have to prep the car for resale and will sticker it at around $25K and probably sell for $23K.

 

Might be better selling it 3rd party than trading it in. It might be attractive for someone who does not qualify for the tax credit.

 

I agree with ari_c. A dealer will definitely try to lowball your trade-in but will not question why you are trading it in. You will probably get more money selling to a 3rd party but they may be a bit more skeptical because you only have 800 miles on it.
Keep us posted!

 

You won't get anywhere near the number you are thinking try carmax and see what they will offer.

 

I need to trade my 2014 volt with 800 miles.

Why would you have to trade?

Are you thinking your going to make money since your getting 7500 back on your tax credit?

Anyone your selling or trading too deducts that plus depreciation, a base 2014 used will be in the 24-25K range best case

 

From some of your other posts, it sounds like your intent/hope is to trade and keep capitalizing on the subsequent $7500 credits. The credit sort of automatically depreciates the vehicle by that amount, because nobody else would want to pay nearly the same amount you paid out the door and NOT be able to get the benefit of the credit. (Exception: people who don't earn enough for the credit, perhaps, but they likely aren't in the market for such an expensive car; they'll want the used version that has the credit factored into the used price already)

So there's no real way to make money here. Now, depending on whether or not prices keep coming down, you have the potential in the future to trade in your vehicle at "just" the right time and make out well.

I traded my 2011 just before the price decreases, and ended up getting a 2013 with more options for only $3k out of pocket, after factoring in my additional tax credit that I can take on the 2013.

 

W

I have not bought one yet, but I have been looking and I figure I can get a new 2013 premium for about 32,000 - the 7500 or a base model for about 29,300 - 7500. I don't think they would offer more then a leftover 2013 unless you are trading in on something they can make more money on.

 

Try carmax and then the dealer and see what you are offered

Then report back

 

kbb.com value for a used excellent condition 2013 with 12k miles, base model on a trade-in is $23680 for my zip code (So Cal). Private party is about $1200 more. In my experience they usually run 5%-10% high, so W my guess is that you're looking in the right ballpark for private party sale.

For a 2014 base with 800 miles, It's something less than $34995 - $7500 - state incentive ($1500 for me). Which at this point is less than the kbb value of a 2013 here in California. Just a guess.

I think there is definitely a market for a used 2014, for folks that don't earn enough to take advantage of the fed tax benefit nor qualify for the lease deal.

 

http://www.kbb.com/whats-my-car-worth/

 

What became of this post. The only reason I ask is someone just posted a 2013 with 24K for $24K. And it seems like he is getting positive reaction. So maybe this person isn't so far with his numbers since his car is a 2014 with 800 miles.

In other words I am wondering if any one has actually made money from the tax rebate. Not that I care I love my Volt but I will care if the Tesla Model E comes into the game at my price range.