Overhaulin'

Trading in a new car.....what kind of value should I expect?

I just bought a new 2009 Hyundai Sonata and I'm unhappy because I kind of traded down from my old car to save gas mileage. Now I want to trade in my new car for another new car, this time "Limited Edition". I want the same Make and Model but the dealer is giving me a really crappy trade in price. How much of the original value should I expect to get back? Should I wait a year and trade then?

Public Comments

1. 90%
2. in a year the value will go down, as the car gets older, depends how long you had this car because you only have like 30 days to trade it in, I would recomend you just stick to your 09 hyundai sonata, the limited editons, are not really limited and the regular run just as good, its just the LE that gets everyone.. :)
3. the simple answer is the money your looking to save on fuel will not cover the loss on trading your car again. the average loss on new price to trade in expect to loss 20% of new price.
4. The moment you drive it off of the lot, your car depreciates immensely in value. Even if you sign the paperwork, take the keys, drive out the lot make a U-turn, and drive back in. Wait another year, and it will have depreciated even more. But you would have better luck selling it on your own in a year. Is "limited edition" really worth losing that dinero? What are the specific differences in the two cars? Please don't let it be "cupholders"!
5. Keep thinking, is it worth it? You just lost money when you drove off the lot...something like 80 to 90 percent. Wait a year or more take care of the one you have, than think trade. You will not lose any more money. Your a dealers dream custormer now.
6. its best to sell it yourself--dealers wont give you what its worth
7. You will get 30% less than what you paid for it. It is a used car entering the used car market.