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    gabriellipson's Avatar
    gabriellipson Posts: 3, Reputation: 1
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    #1

    Jun 17, 2011, 06:14 PM
    Is now a good time to trade in my 2003 Ford Escape? I've heard that there's a used
    Is now a good time to trade in my 2003 Ford Escape? I've heard that there's a used car shortage and that trade-ins are doing very well right now. Is this true?
    TxGreaseMonkey's Avatar
    TxGreaseMonkey Posts: 16,761, Reputation: 5597
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    #2

    Jun 17, 2011, 06:16 PM

    Absolutely--one of the best times ever. Escapes are popular, too.
    Alty's Avatar
    Alty Posts: 28,317, Reputation: 5972
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    #3

    Jun 17, 2011, 06:17 PM

    Depends on where you live.

    I recently traded in my 2001 Chevy Venture van. It had less then 60,000 kilometers on it, it was in great condition, air conditioning, remote car starter, CD player, extended cab, you name it. It was pretty much brand new except for a crack in the windshield.

    I got $2000 for it, and I had to beg for that. I paid over $40,000 for it new.
    shinramen's Avatar
    shinramen Posts: 6, Reputation: 1
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    #4

    Jun 17, 2011, 06:18 PM
    How many miles is on the vehicle? This can make a big difference when trading in the vehicle.
    gabriellipson's Avatar
    gabriellipson Posts: 3, Reputation: 1
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    #5

    Jun 17, 2011, 06:19 PM

    A little over 100k...
    Alty's Avatar
    Alty Posts: 28,317, Reputation: 5972
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    #6

    Jun 17, 2011, 06:24 PM
    Quote Originally Posted by gabriellipson View Post
    A little over 100k...
    That's not bad, but like I said, I had under 60,000 kilometers (that's a little over 37,000 miles) on mine, and it was only 2 years younger then yours, and a Chevy to boot (in Canada used Chevy's sell better then Fords).

    How much did you pay for it new? How much are you hoping to get for it now? Have you checked Auto trader to see what other vehicles like yours, in similar condition, are going for?

    You do realize that you'll get less for a trade in then you would if you sold it privately.
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