# resale value vs. loan balance **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [December 13, 2007, 4:39am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205 "2007-12-13T04:39:01Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)\ **Post date:** [December 13, 2007, 4:39am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/1 "2007-12-13T04:39:01Z")
A majority of the time when you purchase a new car with a standard 60 month (5 year) loan…the car is immediatly worth less than you owe for the entire term of the loan. so lets see what your resale is vs. what you owe. use kelly blue book private party value. [www.kbb.com](http://www.kbb.com) 2005 Scion tC, 15,000 miles, 60 month term, 7.5% interest, $1000 down loan balance: $9,109 kbb private party: $15,815 the resale value of this car is mind blowing. 🙂 ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [December 13, 2007, 4:52am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/2 "2007-12-13T04:52:09Z")
Also state your loan term (how many months), interest rate and down payment or we have no clue what we are comparing. ---
**Author:** ![Xander](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/xander/32/7597_2.png) [@Xander](https://forums.speedlife.net/u/Xander)\ **Post date:** [December 13, 2007, 5:02am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/3 "2007-12-13T05:02:38Z")
Yeah, those Toyota products allways do very well. Try that with a GM product. 😉 X… ---
**Author:** ![Skurge](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/skurge/32/7285_2.png) [@Skurge](https://forums.speedlife.net/u/Skurge)\ **Post date:** [December 13, 2007, 5:12am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/4 "2007-12-13T05:12:45Z")
good condition: $19,560 I owe just about that, maybe a little less 6 year loan FTL, 6.9% 504/mo ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [December 13, 2007, 5:23am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/5 "2007-12-13T05:23:33Z")
Down payment FTW. Edit: And that I bought my car with 1270 miles, so someone else already took the new to used hit for me. ---
**Author:** ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)\ **Post date:** [December 13, 2007, 5:27am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/6 "2007-12-13T05:27:03Z")
[quote=“JayS,post:5,topic:40205"”] Down payment FTW. Edit: And that I bought my car with 1270 miles, so someone else already took the new to used hit for me. [/quote] who buys a new car, drives it for 1000 miles, then decides they dont want it anymore? that had to be one very expensive 1000 miles. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 13, 2007, 5:29am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/7 "2007-12-13T05:29:09Z")
'07 Xterra 4500 miles 5.9% @ 72 months Loan balance ~$23k KBB Private Party ~$21k ---
**Author:** ![Bucker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bucker/32/7379_2.png) [@Bucker](https://forums.speedlife.net/u/Bucker)\ **Post date:** [December 13, 2007, 5:30am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/8 "2007-12-13T05:30:52Z")
[quote=“d3x,post:6,topic:40205"”] who buys a new car, drives it for 1000 miles, then decides they dont want it anymore? that had to be one very expensive 1000 miles. [/quote] Haha good call… I don’t have time to look at KBB but… 2006 tC should be ~ $16,000 I have $3500 left to pay. Sweet. Until I look at what I have dumped into it, and I realize I am still negative. ---
**Author:** ![Coveted\_Hilton](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/coveted_hilton/32/5191_2.png) [@Coveted\_Hilton](https://forums.speedlife.net/u/Coveted_Hilton)\ **Post date:** [December 13, 2007, 5:38am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/9 "2007-12-13T05:38:40Z")
this is really true, they say your car loses Alot of value the second you drive it off the lot. and im not talking about whut you see in movies, where they buy a car, drive it off the lot, and get tboned ahahahhaa ---
**Author:** ![Bucker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bucker/32/7379_2.png) [@Bucker](https://forums.speedlife.net/u/Bucker)\ **Post date:** [December 13, 2007, 5:43am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/10 "2007-12-13T05:43:39Z")
[quote=“98 Red Ex,post:8,topic:40205"”] Haha good call… I don’t have time to look at KBB but… 2006 tC should be ~ $16,000 I have $3500 left to pay. Sweet. Until I look at what I have dumped into it, and I realize I am still negative. [/quote] My total cost, all included (fees, taxes) was ~$18,800. In 2 years it has gone down \>$3000. I wouldn’t say thats too bad. ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [December 13, 2007, 6:20am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/11 "2007-12-13T06:20:52Z")
i only owe ~ 14k on my m3… i think its worth ~ 28-30 if i find the right buyer… probably closer to 28… i could get 33ish if i parted it out though ---
**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\ **Post date:** [December 13, 2007, 6:26am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/12 "2007-12-13T06:26:15Z")
wifie had an ION that we financed damn near 100% of in 04… payed for it for just over a year. it was a lemon and my lawyer arranged for saturn to give us the difference of what we owed ang the sticker price towards the RL vue. kbb ~ 16 (if i were to fing the right foo) owe 10.5 50 months @ 3.??% or something like that. so i get to tell wifie that if she crashes it, then she will only beable to afford a used j-body. better than last time, i told her she would not have a car if she wrecked her ION. as it was immediatly worthless. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [December 13, 2007, 6:27am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/13 "2007-12-13T06:27:13Z")
Purchased Used in July: KBB private party good condition $26,875 I owe $1,300 If anyone wants to buy it for that price let me know. ---
**Author:** ![66impalass](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/66impalass/32/7429_2.png) [@66impalass](https://forums.speedlife.net/u/66impalass)\ **Post date:** [December 13, 2007, 7:25am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/14 "2007-12-13T07:25:44Z")
I owe $18K Purchsed for $28K KBB says $35,860, a more realistic price would be $33k on a side note, a high mileage 02 for 30k??? good luck waiting for that buyer. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [December 13, 2007, 7:57am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/15 "2007-12-13T07:57:13Z")
[quote=“d3x,post:6,topic:40205"”] who buys a new car, drives it for 1000 miles, then decides they dont want it anymore? that had to be one very expensive 1000 miles. [/quote] Someone who got WAY over their head on payments. Profiting on stupidity \> \*. ---
**Author:** ![93dx\_hatch](https://avatars.discourse-cdn.com/v4/letter/9/90ced4/32.png) [@93dx\_hatch](https://forums.speedlife.net/u/93dx_hatch)\ **Post date:** [December 13, 2007, 8:05am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/16 "2007-12-13T08:05:18Z")
[quote=“66impalass,post:14,topic:40205"”] I owe $18K Purchsed for $28K KBB says $35,860, a more realistic price would be $33k on a side note, a high mileage 02 for 30k??? good luck waiting for that buyer. [/quote] wow you got a good deal, where did you find it? ---
**Author:** ![BadnewsMike](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/badnewsmike/32/7419_2.png) [@BadnewsMike](https://forums.speedlife.net/u/BadnewsMike)\ **Post date:** [December 13, 2007, 8:09am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/17 "2007-12-13T08:09:25Z")
The evo, I bought with 10k on it used… for 25k… with the remaining 6/60 warrenty trade in on the mini they gave me 15 I owed 14.5 so 500 down… I took a 66 month loan good god im never going to be done with it… with a 9%… I overpay every month so im down to 19k and BB it 27,000 -exellent 25,000-good so im doing OK ---
**Author:** ![rdandy5875](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rdandy5875/32/7511_2.png) [@rdandy5875](https://forums.speedlife.net/u/rdandy5875)\ **Post date:** [December 13, 2007, 8:50am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/18 "2007-12-13T08:50:25Z")
My car is under a 2 year lease right now, but I am looking to refinance the entire balance to keep the car. I called last month to get my current balance. I can get 7%@60 months from my bank, at least I could last month. That’s what I’m thinking of doing. 2006 mazda speed6, 10k miles Current balance, $21.5k Kbb Private party, $23k Except you can score a new 2007 for about $23k before TTL (like I did last year), so that is a little innacurate IMO. ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [December 13, 2007, 9:01am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/19 "2007-12-13T09:01:11Z")
1997 vette owe $415 Loan was for $5500 @ %7 for 4 years Only 1.5 years into the loan 🙂 Value ~25K ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [December 13, 2007, 9:04am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/20 "2007-12-13T09:04:24Z")
I dont owe anything, the car is only worth 13ish stock i think. [Next page](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205.md?page=2)