Today was a sad day. - Toyota Yaris Forums

JBougie · 03-03-2010, 01:05 AM

I KBB.com'd my car ....... it has dropped like a rock within a year, it's now only worth $6825 and just last time I pulled it, it was worth over $10k. That wasn't even a year ago!

WTH?

:(

That is going to hurt like hell trying to resell it. Paid $15k, 4 years later lose $11k+

Why are they not holding their value better? Or is KBB just really off with their estimated value?

RHDVIPbB · 03-03-2010, 01:33 AM

i never believe kbb.

Cosmonaut · 03-03-2010, 01:33 AM

does the value fluctuate with consumer outlook? Maybe since Toyota's been in the public eyes more recently and not under desirable situations. Or is the value a matter of concrete number crunching?

DevilGirl · 03-03-2010, 07:22 AM

Check edmunds.com instead. More reliable. KBB is a joke!

Greenthunder · 03-03-2010, 09:06 AM

Over the past couple years I have come to not relying on KBB. I've looked up the KBB value on my Mustang and it says 18k yet I have seen both dealerships and private sellers asking 21-24k for cars that have double my mileage. Its confusing as hell to me

Hershey · 03-03-2010, 11:22 AM

many dealers use KBB because of the lower trade in value . We use both KBB and EDMUNDS. Then use GOOD for both sites as condition of car and divide the TRADE IN VALUE by 2 to get the current price to use as the TRADE IN VALUE . Has worked so far when time to get a new TOYOTA .

YarisSedan · 03-03-2010, 12:06 PM

My car is worth 11,650 after 2 years of driving to me thats not a bad depreciation and thats private party value as well. I think i payed around 14 when i bought it.

eht13 · 03-03-2010, 03:32 PM

Quote:

Originally Posted by Hershey

many dealers use KBB because of the lower trade in value . We use both KBB and EDMUNDS. Then use GOOD for both sites as condition of car and divide the TRADE IN VALUE by 2 to get the current price to use as the TRADE IN VALUE . Has worked so far when time to get a new TOYOTA .

Are you saying that you use the average of the trade-in value amounts that KBB and Edmunds provide? As in add them together and then divide by two? Thanks.

Goose · 03-03-2010, 03:39 PM

I switch cars quite often (see sig), so I figure I've got some experience on this subject.

The depreciation on your car may not be as bad as KBB says, but values have taken a bit of a dive lately. My theory on decreased values includes the following:

Credit isn't as readily available, so used cars need deeper discounts to sell; wholesale/auction prices have dropped. With Toyota's recalls, the market may be trying to take advantage (although this can be debated). As with used values, tighter credit means slower new car sales, so again, the market will try to offset lower volume with higher margin = not give you as much for your trade.

If it helps, I've also experienced ridiculously low trade offers on my current Yaris (yes, I'm always kicking tires). One dealer offered $9K in trade on a loaded five-door that stickered for ~$16.5K ten moths ago. As gas prices climb, your Yaris will start to get better resale value...

MadMax · 03-03-2010, 04:10 PM

"It's cheaper to keep her," as the old saying goes. Getting rid of a car even after four years is always going to be a hit financially, never do so unless absolutely necessary.

You'll get more out of it the longer you keep it...which is why I always try to keep my cars for 7-10 years.

Cheers! M2

why? · 03-03-2010, 09:31 PM

right now all toyota's trade in values are going to be terrible because of all the recalls. I have heard more than a few times some dealerships are refusing to take any toyotas as a trade right now.

but you should always check nada,com and edmunds as well as kbb. I don't know why people don't look at nada, I mean it is the north american dealer association...

Hershey · 03-04-2010, 12:38 AM

Quote:

Originally Posted by eht13

Are you saying that you use the average of the trade-in value amounts that KBB and Edmunds provide? As in add them together and then divide by two? Thanks.

yep .

cali yaris · 03-04-2010, 01:08 AM

JBougie, if you're not trying to sell it now, it doesn't matter. If you are, then yeah that's a bummer.

Drive it til it dies, that's what $12,000 cars are designed for, not resale value.

*tk-421* · 03-04-2010, 02:00 AM

^^^^^ Agreed completely.
This car is designed for the long haul... I am planning on keeping this car for at least 2-3 more years, once I'm done with the modding (like that's ever going to happen).

MadMax · 03-04-2010, 07:46 AM

^^^^^ Also completely agree. My Yaris is worth much more to me than some idiotic guesstimate of its value quoted in KBB!

Kioshi · 03-04-2010, 02:42 PM

Quote:

Originally Posted by MadMax

^^^^^ Also completely agree. My Yaris is worth much more to me than some idiotic guesstimate of its value quoted in KBB!

Agree 100%. Plus, i couldn't bare to see my Yaris in a wrongful owner's hand, treating it like crap

1 owner, and 1 owner it will be for the rest of it's life~

Ichimaru · 03-05-2010, 03:05 AM

Quote:

Originally Posted by cali yaris

JBougie, if you're not trying to sell it now, it doesn't matter. If you are, then yeah that's a bummer.

Drive it til it dies, that's what $12,000 cars are designed for, not resale value.

I Agree with Cali that's why I got it because I knew I was going to put a lot of miles on it , 2 years and it has 72,600 miles.

This Yaris will die in my hands.

eht13 · 03-05-2010, 09:56 AM

To the last 5 or so posters: good points on the value of keeping and enjoying this car... I know it helped to remind me to keep these things in perspective.

03-03-2010, 01:05 AM	#1
JBougie Banned View User's Garage Drives: 2010 Yaris LB (Prev: 07 Sedan) Join Date: Mar 2009 Location: Beech Bluff, TN Posts: 1,266	Today was a sad day. I KBB.com'd my car ....... it has dropped like a rock within a year, it's now only worth $6825 and just last time I pulled it, it was worth over $10k. That wasn't even a year ago! WTH? :( That is going to hurt like hell trying to resell it. Paid $15k, 4 years later lose $11k+ Why are they not holding their value better? Or is KBB just really off with their estimated value?

03-03-2010, 01:33 AM	#2
RHDVIPbB Right beside you, wave Drives: 08 PBM Yaris Sedan Join Date: Oct 2008 Location: Louisville, KY Posts: 742	i never believe kbb. __________________ 2008 Toyota Yaris Sedan. Pacific Blue Mica. Custom vinyl eyebrows, color matched interior trim pieces, Vios lip spoiler, 17" Maas rims 2010 Scion xB 7.0 Release Series. 1535 of 2000. Murasaki. Stock with TRD springs.

03-03-2010, 01:33 AM	#3
Cosmonaut The Last Baron View User's Garage Drives: 09 Polar White HB Join Date: Jun 2009 Location: Sanentoneyow, Tecksis Posts: 280	does the value fluctuate with consumer outlook? Maybe since Toyota's been in the public eyes more recently and not under desirable situations. Or is the value a matter of concrete number crunching? __________________ Sanction this outbreak, a Virus conspires. Single sparks are Spectral Fires! \| UR 19mm sway \|

03-03-2010, 07:22 AM	#4
DevilGirl Drives: 09 3dr LB MT Join Date: Aug 2009 Location: Lehigh Valley, PA Posts: 681	Check edmunds.com instead. More reliable. KBB is a joke! __________________ 2009 3dr LB MT Meteorite Metalic. Car bought 8/7/09. Now over 89k miles of trouble free driving, other than user error!!

03-03-2010, 09:06 AM	#5
Greenthunder View User's Garage Drives: 2006 Ford Mustang GT Join Date: Oct 2008 Location: Ohio Posts: 150	Over the past couple years I have come to not relying on KBB. I've looked up the KBB value on my Mustang and it says 18k yet I have seen both dealerships and private sellers asking 21-24k for cars that have double my mileage. Its confusing as hell to me __________________ I love this smiley!

03-03-2010, 11:22 AM	#6
Hershey Drives: 08 Yaris sedan auto / Fit auto Join Date: Oct 2009 Location: northeast Posts: 2,897	many dealers use KBB because of the lower trade in value . We use both KBB and EDMUNDS. Then use GOOD for both sites as condition of car and divide the TRADE IN VALUE by 2 to get the current price to use as the TRADE IN VALUE . Has worked so far when time to get a new TOYOTA .

03-03-2010, 12:06 PM	#7
YarisSedan Drives: 08 Yaris Sedan Join Date: Oct 2008 Location: California - Bay Area Posts: 2,773	My car is worth 11,650 after 2 years of driving to me thats not a bad depreciation and thats private party value as well. I think i payed around 14 when i bought it. __________________ http://www.cardomain.com/ride/3210549

03-03-2010, 03:39 PM	#9
Goose Car Geek Drives: Yaris Liftback Join Date: Apr 2006 Location: Ohio cornfields Posts: 213	I switch cars quite often (see sig), so I figure I've got some experience on this subject. The depreciation on your car may not be as bad as KBB says, but values have taken a bit of a dive lately. My theory on decreased values includes the following: Credit isn't as readily available, so used cars need deeper discounts to sell; wholesale/auction prices have dropped. With Toyota's recalls, the market may be trying to take advantage (although this can be debated). As with used values, tighter credit means slower new car sales, so again, the market will try to offset lower volume with higher margin = not give you as much for your trade. If it helps, I've also experienced ridiculously low trade offers on my current Yaris (yes, I'm always kicking tires). One dealer offered $9K in trade on a loaded five-door that stickered for ~$16.5K ten moths ago. As gas prices climb, your Yaris will start to get better resale value... __________________ Kevin '07 Blazing Blue 5-speed liftback (sold) '08 Black auto liftback (sold) '09 Carmine Red auto 4-door liftback (sold)

03-03-2010, 04:10 PM	#10
MadMax Drives: 2008 Yaris Liftback (Sprocket) Join Date: Oct 2008 Location: San Antonio, Texas! Posts: 2,799	"It's cheaper to keep her," as the old saying goes. Getting rid of a car even after four years is always going to be a hit financially, never do so unless absolutely necessary. You'll get more out of it the longer you keep it...which is why I always try to keep my cars for 7-10 years. Cheers! M2 __________________

03-03-2010, 09:31 PM	#11
why? Only Happy When it Rains View User's Garage Drives: Yaris LB Join Date: Jan 2006 Location: harnett county NC Posts: 4,097	right now all toyota's trade in values are going to be terrible because of all the recalls. I have heard more than a few times some dealerships are refusing to take any toyotas as a trade right now. but you should always check nada,com and edmunds as well as kbb. I don't know why people don't look at nada, I mean it is the north american dealer association... __________________ Colin Chapman disciple

03-04-2010, 01:08 AM	#13
cali yaris ULTIMATE View User's Garage Drives: 07 Yaris Turbo Join Date: May 2007 Location: Canoga Park, CA Posts: 14,859	JBougie, if you're not trying to sell it now, it doesn't matter. If you are, then yeah that's a bummer. Drive it til it dies, that's what $12,000 cars are designed for, not resale value. __________________ Micro Image forums, online store and shop are now closed. It was a great eight year run, but it was time to focus on other things. I'm still selling parts on eBay under micro*image seller ID and customers can still make requests for anything specific.

03-04-2010, 02:00 AM	#14
tk-421 Super Moderator View User's Garage Drives: 5D-07-LB Join Date: Jan 2007 Location: Dagobah Posts: 4,263	^^^^^ Agreed completely. This car is designed for the long haul... I am planning on keeping this car for at least 2-3 more years, once I'm done with the modding (like that's ever going to happen). __________________ --[ FORUM RULES ]--[ SEARCHING TIPS ]--[ EYELIDS PICS ]--[ RBK SPOILER ]--[ BEST/WORST INVESTMENTS ]--

03-04-2010, 07:46 AM	#15
MadMax Drives: 2008 Yaris Liftback (Sprocket) Join Date: Oct 2008 Location: San Antonio, Texas! Posts: 2,799	^^^^^ Also completely agree. My Yaris is worth much more to me than some idiotic guesstimate of its value quoted in KBB! __________________

03-05-2010, 09:56 AM	#18
eht13 Drives: . Join Date: Dec 2008 Location: . Posts: 363	To the last 5 or so posters: good points on the value of keeping and enjoying this car... I know it helped to remind me to keep these things in perspective.

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