Carmax offered $22,000 for my Titan, WTF!!!!!

[ciron28]

Me and the wife were out tonight and I was curious to see what Carmax would appraise my Titan for. My 05 SE KC 4x4 is nicely equipped w/everything except for Off road pkg and RF pkg. The only thing I've had installed after the fact is running boards, fog lamps, and a bug shield. It stickered out to about $32,000 new about 6 months ago.

I know the all vehicles take a hit the first few years but $10,000. That is just plain nuts. I couldn't get a figure on line w/kelley blue book and NADA. Edmunds was just too damn low. The 05 Titan's just aren't listed in there, or I'm just doing something wrong.

I've went to Carmax before to appraise accouple of other cars in the past. They've been very fair. This time I was very disappointed to say the least. I know that our Titans' are all worth alot more than these ****heads are leading on. I don't know. What do you guys think?

Travis

[Gearman1987]

I got $24,000 for my 04 XE CC 4x4 when I traded it in November 04, with 22,000 miles on it - but it was still a new model then and there was little, or no, information on trade in values - another dealership had offered my $20,000.

I'm guessing that if it "stickered out" at $32,000 - than someone could buy it new for $28,000-$30,000 - and $22,000 on "trade in" value probably would not be far off.

[JayDee]

Originally Posted by ciron28

Me and the wife were out tonight and I was curious to see what Carmax would appraise my Titan for. My 05 SE KC 4x4 is nicely equipped w/everything except for Off road pkg and RF pkg. The only thing I've had installed after the fact is running boards, fog lamps, and a bug shield. It stickered out to about $32,000 new about 6 months ago.

I know the all vehicles take a hit the first few years but $10,000. That is just plain nuts. I couldn't get a figure on line w/kelley blue book and NADA. Edmunds was just too damn low. The 05 Titan's just aren't listed in there, or I'm just doing something wrong.

I've went to Carmax before to appraise accouple of other cars in the past. They've been very fair. This time I was very disappointed to say the least. I know that our Titans' are all worth alot more than these ****heads are leading on. I don't know. What do you guys think?

Travis

I bought just about the same truck in March and paid $24,500. That's why it appraises at $22,000. If they all sold at $32,000 new, then they would get more in the used market right now.

[SpeedFreak]

Invoice MSRP
11615 4WD Pickup 4D 6 1/2 ft (Auto) 25,581.00 28,300.00
Destination Charge 670.00 670.00
BASE MODEL PRICE WITH DESTINATION CHARGE
(Mfr's Effective Date 5-4-05 Revised) 26,251.00 28,970.00

SPECIAL FEES/CREDITS/INCENTIVES/OPTIONS
--- Customer Incentive, 2.0% Financing (Expires 6-30-05)
(Incentive Combinations & Availability May Be Restricted by Regional or Fleet Rules & Other Factors -- See Dealer for Details)
--- Customer Incentive, Cash (Expires 6-30-05) -2,000.00
(Incentive Combinations & Availability May Be Restricted by Regional or Fleet Rules & Other Factors -- See Dealer for Details)

ENGINES
--- V8, 5.6 Liter Std. Std.
--- V8, FFV, 5.6 Liter N/C N/C
(Available Only in Selected Regions -- See Dealer for Details)
*NOTE: When FFV Engine is Ordered the First Digit of the Model Number Changes from 1 to 3.

ACCESSORY PACKAGES
S01 Air Bag Pkg • XE & SE 4WD w/o VDC 738.00 850.00
(N/A w/Texas Titan Pkg-F01 or Texas Titan Utility Bed Pkg-W03)
(N/A w/Off-Road Pkg-R02, Tow Pkg-T01 or Navigation Pkg-U01 on LE 4WD w/Vehicle Dynamic Control)
(Req's Preferred Pkg-W02, Trac Pkg-R01 & Bed Liner-M01 on XE 2WD)
(Req's Off-Road Pkg-R02, Preferred Pkg-W02 & Bed Liner-M01 on XE 4WD)
(Req's Popular Pkg-K02 or K04 or Rockford Fosgate Pkg-K06 or K08 & Off-Road Pkg-R02, Utility Bed Pkg-W01 & Tow Pkg-T01 on SE)
(Req's Step Rails-W05 or W07 on LE w/Vehicle Dynamic Control)
(Req's Tow Pkg-T01 & Off-Road Pkg-R02 on LE w/o Vehicle Dynamic Control)
Includes F&R Head Curtain & Front Side Impact Air Bag Restraint System & May Also Include Vehicle Dynamic Control.

R02 Off-Road Pkg • SE 4WD 998.00 1,150.00
(N/A 2WD Models)
(N/A w/Texas Titan Pkg-F01 or Texas Titan Utility Bed Pkg-W03)
(N/A w/Air Bag Pkg-S01 on LE 4WD w/Vehicle Dynamic Control)
(Req's Preferred Pkg-W02 on XE 4WD)
(Req's Popular Pkg-K02 or K04 or Rockford Fosgate Pkg-K06 or K08 on SE 4WD)
(Req's Step Rails-W05 or W07 on LE 4WD)
Includes 3.36 Axle Ratio, Fog Lights, Tow Hooks, Rancho Shock Absorbers, Unique Aluminum Alloy Wheels, (5) P285/70R17 OWL Tires, Transfer Case & Radiator Skid Plates & Limited Slip Rear Axle.

Popular Pkg
K02 • SE w/Power Driver's Split Bench Seat 954.00 1,100.00
K04 • SE w/Power Driver's Captain's Chairs 1,085.00 1,250.00
(N/A XE or LE)
(N/A w/Seat-K01 or Rockford Fosgate Pkg-K06 or K08)
(N/A w/Texas Titan Pkg-F01 or Texas Titan Utility Pkg-W03 on SE w/Captain's Chairs) Includes Steering Wheel Touch Controls, Garage Door Opener, Inside Automatic Day/Night Mirror, Power Adjustable Pedals & Rear Parking Sensors.

Rockford Fosgate Pkg
K06 • SE w/Power Driver's Split Bench Seat 1,388.00 1,600.00
K08 • SE w/Power Driver's Captain's Chair 1,519.00 1,750.00
(N/A XE) (N/A w/Seat-K01, Popular Pkg-K02 or K04, Texas Titan Pkg-F01 or Texas Titan Utility Bed Pkg-W03)
(Std LE) Includes Rockford Fosgate AM/FM Stereo w/6-Disc CD Changer in Dash, Rear Parking Sensors, Steering Wheel Touch Controls, Automatic Day/Night Mirror, Garage Door Opener & Power Adjustable Pedals.

F01 Texas Titan Pkg • SE 2,352.00 2,500.00
(N/A XE or LE)
(N/A w/Air Bag Pkg S01, Off-Road Pkg-R02, Popular Pkg-K04, Rockford Fosgate Pkg-K06 or K08, Utility Bed Pkg-W01)
(N/A w/Brown Red-A15, Deep Water-B18, Copper-C10 or Canteen-D13 Exterior Color) (Req's Steel Interior Color-K) Includes Badging, Spray-In Bed Liner, Unique Console, Unique Floor Mats, Fog Lights, Chrome Step Rails & 6-Spoke Chrome Wheels.

W03 Texas Titan Utility Bed Pkg • SE 433.00 500.00
(N/A XE or LE) (N/A w/Air Bag Pkg-S01, Off-Road Pkg-R02, Popular Pkg-K04, Rockford Fosgate Pkg-K06 or K08 or Utility Bed Pkg-W01) (Req's Texas Titan Pkg-F01) Includes Utili-Track Channel System, Tailgate Lights, LH Bed Lock Box & (1) Additional Power Outlet.

T01 Tow Pkg, Big • SE, LE 347.00 400.00
(N/A XE) (N/A w/Air Bag Pkg-S01 on LE 4WD w/Vehicle Dynamic Control) (Req's Popular Pkg-K02 or K04 or Rockford Fosgate Pkg-K06 or K08) (Req's Trac Pkg-R01 on SE 2WD) (Req's Step Rails-W05 or W07 on LE) Includes 7-Wire Trailer Harness, 3.36 Axle Ratio, Dual Power Extended Mirrors, Hitch Receiver, Transmission Temperature Gauge & HD Battery.

W01 Utility Bed Pkg • SE 825.00 950.00
(N/A XE) (N/A w/Texas Titan Pkg-F01, Texas Titan Utility Bed Pkg-W03, Bed Extender-X95 or Bed Liner-M97) (Std LE) Includes Utili-Track Bed Channel System, Spray-In Bed Liner & (1) Exterior Power Outlet, LH Bed Side Lock Box & Exterior Cargo Light.

GVWR/PAYLOAD PACKAGES
--- 6522-lb GVWR Std. Std.
(1585-lb Payload) (N/A 2WD Models)

OTHER OPTIONS
P97 Bed Divider, Utili-Track Sliding (PIO) • SE, LE 201.00 270.00
(N/A XE) (N/A w/Tonneau Cover-H97) (Req's Utility Bed Pkg-W01 on SE)

X95 Bed Extender, Non-Sliding • XE, SE 188.00 260.00
(N/A LE) (N/A w/Tonneau Cover-H97 or Utility Bed Pkg-W01)

X94 Bed Extender, Utili-Track Sliding (PIO) • SE, LE 214.00 280.00
(N/A XE) (N/A w/Tonneau Cover-H97) (Req's Utility Bed Pkg-W01 on SE)

M97 Bed Liner (PIO) • XE, SE 200.00 340.00
(N/A LE) (N/A w/Utility Bed Pkg-W01)

M01 Bed Liner, Spray-In Incl. Incl.
(N/A SE) (Std LE) (Std w/Utility Bed Pkg-W01 & Texas Titan Pkg-F01) (Req's Preferred Pkg-W02)
G97 Bed Tray, Utili-Track Sliding (PIO) • SE, LE 153.00 210.00
(N/A XE) (Req's Utility Bed Pkg-W01 on SE)

L92 Floor Mats (PIO) 90.00 120.00

Mud Guards (PIO)
B94 • SE w/Utility Bed Pkg-W01 82.00 110.00

B95 • XE, SE w/o Utility Bed Pkg-W01 82.00 110.00
(N/A LE) (Req'd in AK, ID, OR, WA & WI)

A97 Radio Equipment, Sirius Feature (PIO) 347.00 400.00
(Req's Preferred Pkg-W02 on XE) (Req's Popular Pkg-K02 or K04 or Rockford Fosgate Pkg-K06 or K08 on SE) (Req's Extra Cost Customer Paid Subscription)

A96 Radio Equipment, XM Feature (PIO) 347.00 400.00
(Req's Preferred Pkg-W02 on XE) (Req's Popular Pkg-K02 or K04 or Rockford Fosgate Pkg-K06 or K08 on SE) (Req's Extra Cost Customer Paid Subscription)

K01 Seat, Split Bench • SE -131.00 -150.00
(N/A w/Popular Pkg-K02 or K04 or Rockford Fosgate Pkg-K06 or K08) (Std XE) LE Includes Leather Surfaced Seat Trim & Dual Power Seat Adjusters.

N94 Storage Bin, Underseat (PIO) 111.00 150.00

H97 Tonneau Cover (PIO) 991.00 1,260.00

[ciron28]

Thanks for the responses guys. It still is very disappointing. I would think that my Titan would be at least in trade around $24,000, maybe $25,000, but that would be pushing it probably. Ole well. What do the rest of you think? Thanks

Travis

[AUUSN]

The days of ever getting anything worthwhile for a trade are long gone. Dealers are killing residual values with deep dscounts and employee gimicks. These discounts mandate the wholesale market and drive down the price dealers are willing to pay for trade. I got my 05 SE for $23,900. So that person who paid the sticker price on the same truck for $29,000 is automatically upside down. It's the nature of the market. Just my .02

[grunge311]

3 weeks ago I bought my titan, 04 Silver LE KC with 10,000mi. Paid 23,500 at nissan dealership.

The lesson to be learned kids is never buy a brand new vehicle (unless its a honda). Most loose 1/4 of the value when you drive it off the lot. Just be glad you didn't buy a dodge, there resales are even worse.

[the head]

Originally Posted by grunge311

Just be glad you didn't buy a dodge, there resales are even worse.

That's the truth. There are some posts over at DTW that bear this out.

It's definitely better to be in a vehicle for the long haul. I've been tempted to trade mine in on one occassion but it is so versatile I'll be keeping my titan for a while, long after it is no longer one of the faster ones out there.

[JayDee]

Originally Posted by ciron28

Thanks for the responses guys. It still is very disappointing. I would think that my Titan would be at least in trade around $24,000, maybe $25,000, but that would be pushing it probably. Ole well. What do the rest of you think? Thanks

Travis

If we can buy a brand new one for that much... why would they give that that much on a used vehicle for trade?

[Burly]

According to a couple of dealers at the dealership I went to, they claim the Titan is the most sought after truck used. If that is the case than selling it outright would bring you what your looking for hopefully.

[Dude]

KBB.com appraised my Titan in Excellent Condition a little over 24K. Edmunds was just a couple of hundred less. I am talking about trade in value and not retail. I have 6800 miles on my vehicle.

[tweety]

If you want another machine to buy that WILL hold its value, go get a Jeep Wrangler 4x4.
We sold ours to Carmax when we got the Titan. It was waaay over in mileage, was lifted, and had body scratches all over from being offroad alot. The rig was less than 3 years old and they gave us more than we owed. Wasn't much but still.
When we bought the machine the guy told us that 4x4's hold their value best. Something like 45% versus the 30% or less for normal machines. Thought he was pulling my pud but turns out he was right.
Go figure.

[Geezus_Aach]

IF...you sold/traded you titan at carmax, next week, you'd see it 28k... they are in business to make money of coarse!

also, chances are they'd have it sold pretty quickly...i have only seen a few used titans are car dealerships.

[KTMNealio]

Originally Posted by ciron28

I've went to Carmax before to appraise accouple of other cars in the past. They've been very fair. This time I was very disappointed to say the least. I know that our Titans' are all worth alot more than these ****heads are leading on. I don't know. What do you guys think?

I'm curious as to why you even care? Did you buy the Titan in hopes of selling it to Carmax for more money?
Just drive the thing. Seems like people here are more concerned with crying about meaningless stuff than driving their trucks!!

- Nealio

[ciron28]

Originally Posted by KTMNealio

I'm curious as to why you even care? Did you buy the Titan in hopes of selling it to Carmax for more money?
Just drive the thing. Seems like people here are more concerned with crying about meaningless stuff than driving their trucks!!

- Nealio

I was just curious and stopped by Carmax to see what it would appraise for that's all. No, I did not buy the Titan to sell it to Carmax. My thought was a interesting topic of conversation on Titantalk. I'm sorry if you don't like it, don't post here if you don't have anything interesting or positive to post. OK buddy, thanks. To all the others that posted thank you. I just think this is a interesting topic, that's all.

Travis