Borrego Worthless At Trade In Time - Page 2 - Kia Forum
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post #11 of 19 (permalink) Old 01-30-2011, 09:50 PM Thread Starter
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Originally Posted by Rick2456 View Post
That really sucks. That price is way below the Kelly Blue book value for that truck. It sounds like the dealer is really trying to stick it to you.

Condition Trade in Value

Excellent $23,800
Good $22,750
Fair $20,900
You know they really don't use KBB or the black book much any longer. What they do is use records of local auto auctions and only offer the trade in price of what they can buy one for there or what one sold for at Auction. Why would they offer more to me than what they are selling for at Auction? The Borrego is just not bringing in any money at auction.


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post #12 of 19 (permalink) Old 01-31-2011, 01:30 PM
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Originally Posted by EXV8 View Post
You know they really don't use KBB or the black book much any longer. What they do is use records of local auto auctions and only offer the trade in price of what they can buy one for there or what one sold for at Auction. Why would they offer more to me than what they are selling for at Auction? The Borrego is just not bringing in any money at auction.
That is too bad. I bought mine planning on keeping it till it falls apart. It will be more of a additional utiliy vehicle. As I have had no major problems and only one minor (warped brake rotors replaced under warrantly), I have no misgivings about my purchase. Good luck.
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post #13 of 19 (permalink) Old 02-06-2011, 01:04 AM Thread Starter
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That is too bad. I bought mine planning on keeping it till it falls apart. It will be more of a additional utiliy vehicle. As I have had no major problems and only one minor (warped brake rotors replaced under warrantly), I have no misgivings about my purchase. Good luck.
Oh I have no doubt that the Borrego will last a good long time, its built very well. If you intend to keep it a long time you will be fine.
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post #14 of 19 (permalink) Old 02-07-2011, 11:20 PM
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I think that this is the result of:
1.) Not that well known a brand (most of the motoring public is not that familar with Hyundai/Kia)
2.) Many of their earlier models were less than stellar in build quality.
It take years to get over poor products and develop good brand recognition. Hyundai/Kia's advertising and awards for safety and quality are helping turn those early perceptions around, but, it will take time. Meanwhile, lower resale price on Hyundai/Kia products makes them a better value if you are a buyer for a used vehicle.

Robert
Southeast Texas
09 Kia Borrego Limited (4X2)
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post #15 of 19 (permalink) Old 02-13-2011, 05:43 PM
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I've got a '09 Borrego EX v6 4wd, paid $24,500 new in DSM + ttt. Perhaps too much was paid for it. Since they no longer sell Borrego in USA it's resale will be terrible. But it should be a good time to buy a used one! Remember, buy low, get what you can at sale.
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post #16 of 19 (permalink) Old 02-20-2011, 09:54 AM
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Wife works at a major auto auction and can buy 40K vehicles for less than 1/2 of that all day long.
There is such a glut of used vehicles and all the repo's and lease returns keep wholesale numbers down, be sure if you wanted to buy one you will pay nada prices for it.
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post #17 of 19 (permalink) Old 02-21-2011, 11:20 AM
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Originally Posted by Wm Holden View Post
Not leasing is the dumbest thing you could do if you "ALWAYS" trade in after two years (your word)...My Mom just bought the last NEW 09 Borrego on the west coast for $19500 AWD not leather. 300 miles on it.

I'm Still 7k upside down in my pontiac GTO I bought 3 years ago....so I don't really see what your car being a KIA has to do with your upside down situation...

But thats just me...I sell cars for a living.

PS...and your HOUSE is worth so much more this year than it was 2 years ago???
Think....
People are always upside down when it came to cars. Cars are never an investment and should never be considered one unless it is some vintage type car. Some cars loose less value than others. I see KIA loses a bit more than other cars in it's class.

As far as our homes, yes, the house I'm in is worth far less than it was 2 years ago. The glut of foreclosures has proved to be a thorn in my side concerning my home.
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post #18 of 19 (permalink) Old 02-21-2011, 04:53 PM
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PS...and your HOUSE is worth so much more this year than it was 2 years ago???

yep, it is! (helps to live in part of the nation that forgot to have a housing bubble...)
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post #19 of 19 (permalink) Old 06-01-2011, 10:57 PM
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You might do a better job of buying new also. In Oct 2009 I got a 4x4 EX V6 leather for $24,500 cash. It's done a great job, just a little rough riding, but well built. Buy new if lots of incentives and you plan to keep it for 85k or so. Otherwise, buy a 2-3 year old used with <40k miles. Let someone else pay for depreciation. Just my 2c worth.
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