This Is An Update To A Previous Question

Follow Up Comment From Catherine: Hello, Thanks for your reply. I made a mistake. The mileage is actually 34,000 on that. I’ve told him I want to walk out the door at 20,000 (that means ttl would be included). Do you think I’m pressing my luck?

There’s also a 2004, similar features, but with 53,000 miles. I was thinking of suggesting 16,000. It is on their website for 21,000.

Finally, is it better to buy a cheaper car (15,000) at 5.6% (credit union) or buying the 20,000 car at 1.9%.

Thanks!

Queen of the Road:  Hi Catherine! It never hurts to ask. Now that we have the correct prices, which happen to be decreased, your chances have improved for getting $20k OTD. So, yes, try asking and if they disapprove, then it shouldn’t be far off from $20k. Here’s the new range…

For a 2005 Volvo XC70 AWD with 34,000 miles, prices range from $19,900 (being in above average condition) to $17,600 (being in average condition) and $15,200 (being in below average condition). Keep in mind that the numbers above are the wholesale prices. A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $16,800 to $22,000.

Regarding the 2004, asking for $16,000 is the perfect price to be persistant with. What are they thinking offering $21k? The sad part about it is someone out there will think it’s a great deal and buy it at that price.

For a 2004 Volvo XC70 AWD with 53,000 miles, prices range from $15,900 (being in above average condition) to $13,700 (being in average condition) and $11,600 (being in below average condition). Keep in mind that the numbers above are the wholesale prices. A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $13,000 to $17,600.

For the financing, I’ll have to run some numbers. How long are the terms for? How many months? Any money down?

Question: Year: 2004
Make: Volvo
Model: V70R
Bodystyle: Wagon
Engine: 2.5 5Cyl.
Transmission: Manual
Ext. Color: Silver Metallic
Int. Color: Blue/Blank Leather
Mileage: 66,775
VIN: YV1SJ52Y142410042
Asking price: $19995

In NJ. Want to know how much bargaining room I have for this car. A wholesaler did give me a range, just want to know if that is a pretty adequate range.

Thanks!

Queen of the Road: Hello there! Welcome to our blog! You have plenty of bargaining room. In my opinion, that price is ridiculous. For a 2004 Volvo V70 Wagon R ASR with 66,800 miles, prices range from $17,000 (being in above average condition) to $14,300 (being in average condition) and $11,600 (being in below average condition).

A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $13,200 to $19,000. Negotiate with him till you can go as low as wholesale prices. You can say your dealer friend told you the wholesale prices and $20k is a total rip off.

Question:   I’m looking to buy a used Volvo wagon for under $15,000. I’m looking at the V70 & XC70 in particular (2003-2004) particularly,but open to suggestions on best years (reliability.) Suggetions?

MuscleCarGuy:

For a 2004 Volvo V70 Wagon 2.4 with 50,000 miles, prices range from $13,600 (being in above average condition) to $11,650 (being in average condition) and $9,700 (being in below average condition).

For a 2004 Volvo XC70 Wagon AWD with 50,000 miles, prices range from $15,650 (being in above average condition) to $13,850 (being in average condition) and $12,100 (being in below average condition).

Keep in mind that the numbers above are the wholesale prices. If you are buying from a dealer you should expect to pay +12%-14% more than wholesale. If you are buying from a private party, you should expect to pay from 5% to 10% over wholesale market. For the best year, I would suggest to get the newest and with lowest mile you could find under $15,000. You will be able to find a nice V70 with low miles and keep it under your budget. Be sure to do plenty of research on the car. Let us know if you have any further question. Good Luck!!!

Question:  Thanks in advance!

Year: 2004
Make: Volvo C70 LT (could bt HT Automatic)
Model: Automatic
Trim: Convertible
Mileage: 6,000
VIN: [unknown]

Extras: Premium Sound

One owner. Private party seller is asking $23,500.

Thanks!!!

Queen of the Road:  Hello there! For a 2004 Volvo C70 LT Turbo with 6,000 miles, prices can range from $19,450 (being in above average condition) to $17,700 (being in average condition) and $16,000 (being below average condition).

All the figures above are estimated prices that a dealer paid. So keep in mind that those numbers are the wholesale prices. A dealership will usually aim to sell it for 12%-14% more than wholesale. Be sure to do some research on the car. Check carfax and ask the owner to see all the past maintenance receipts, etc.

Even if the car were in super-duper excellent condition, $23,500 is a bit much. The highest amount you should pay should be around $21,000 and lowest $17,000.

Happy Car Shopping & Happy New Year!

Question:   2004 Volvo V70 XC AWD
Miles: 41000
Standard options, third row seat, excellent shape, certified pre-owned - warranty to 100k or 2010 whichever comes first.

I have negotiated the price to $23,400 does that sound fair?

thanks

Queen of the Road:    I am assuming you are referring to the 2004 Volvo XC70 four door wagon cross country AWD…ok that’s a long title for any car.  The price you got was OK at best.

Above average condition is $20,855 with 26k miles
Average condition is $17,755 with 43k miles.

Are there any special features in the particular XC70 you are buying?  $23,400 sounds a bit steep.  The extended warranty is worth something but not at the premium you are paying.  At $23,400 the dealer is probably grossing around $4,000 bucks or 20.6% on this sale.  That’s assuming the dealer’s cost was $19,400 (which we think maybe on the high side considering its $1700 over wholesale).  Dealerships deserve to make money buts it’s our job to make sure you get a good deal.  I am assuming you are getting this from a Volvo dealership?

Follow Up Question:  My mechanic did find a very small leak in one of the seals for the transmission. I asked the dealer to fix it but he said that Volvo would not fix such a small leak. I’m thinking this is an opportunity to ask for a reduction to close the deal. It’s $3400 for a new transmission but much less to replace the seal. How much do you think I should ask for? They already offered me an extra year on the warranty at no extra charge. Should I just take it?

Queen of the Road:   In my opinion, you should ask. It wouldn’t hurt to ask. Plus, the extra time you need to sacrifice to pay and get it replaced along with all the extra replacements. You time is money too. If you were to ask, $3400 is not embarrassing being the price coming out of your pocket when you replace the transmission. It’s up to you if you should take it, but with used cars, there’s always a better deal out there. One with less problems relating to replacements. It’s all up to you, my friend. These decisions are tough to make!