Between 25 - 50 cents on the wholesale dollar !

That's what I have been told here in SoCal. :censor:

Fortunately, I only use mine for towing and family trips. I'll be keeping it a Loooonnngg time!

Mine was quoted here worth less than half the original msrp..

It's not just the Armada. ALL fullsize SUV's and trucks are suffering big time. There are places around the country that will not take a diesel truck as a trade in.....that's just about unheard of to me.

It's only going to get worse too....as soon as these vehicles come off lease, no one will take the balloon payment because it won't be worth near balloon. So dealer lots will be filled up with gas hogs, and they'll have to reduce the prices further to move them.

Worst case scenario of course. But I'll be hanging on to mine too! I also foresee a lot of insurance fraud coming..........and everyone who has insurance will suffer because of it. :(

Not worried about what it's worth. It's relative to me. It's my vehicle and I think it is valuable in my eyes. I am not trading it in, so it doesn't matter to me!

I will be keeping mine for a long time. It may not be valuable to the dealers, but to me, it is priceless! The things I can load into it, the amount space, for 4 full grown teens, two dogs, heck it pays for itself.

Luis where you by long island city yesterday morning???

Between 25 - 50 cents on the wholesale dollar !

That's what I have been told here in SoCal. :censor:

Really? Is the real-world used car market really that low for Armadas?

That was the one thing I was concerned about with the truck. I knew that it would be tough on the resale due to the gas milage. Also, most "truck" guys would only buy American which is another knock.

I love my Armada, I would just like to get a newer one down the line! Having bad resale / trade-in could impact that.

$100 + to fuel up
MPG is OK
Few rattling issue

To haul kids, 8 ppl, stollers, lugguages, toys, bikes and everything in between comfortably and looks great!...PRICELESS...:D for everything else I used mastercard...LMAO

It's not just the Armada. ALL fullsize SUV's and trucks are suffering big time. There are places around the country that will not take a diesel truck as a trade in.....that's just about unheard of to me.

It's only going to get worse too....as soon as these vehicles come off lease, no one will take the balloon payment because it won't be worth near balloon. So dealer lots will be filled up with gas hogs, and they'll have to reduce the prices further to move them.

Worst case scenario of course. But I'll be hanging on to mine too! I also foresee a lot of insurance fraud coming..........and everyone who has insurance will suffer because of it. :(

I was thinking the same thing (insurance fraud) and just heard about a few incidents in the DFW area already. If congress can curb the speculators we may not have to give up the big rides. I only drive the beast on the weekends and not really feeling the pinch since I have a 4banger for the weekly commute.

I have no plans to get rid of mine. I want to drive it till it won't go no mo'...

My 07 Titan and the wife units 08 Armada have probably decreased in value 50%. It just looks like we're stuck with them for a few years or several years depending on the economy and state of personal affairs.

Luckily we like both vehicles a lot.

I just did a search on cars.com and the prices are pretty low but not 50%. Then again, those are the ones that have not sold yet ;)

I wish that this was the case when I was looking - I could not find any Armadas for sale with the exception of a handful that were not as new as I wanted. Now I see 82 listings within 30 miles of my zip code!

Oh well, I am super happy with the truck, sans my lack of a rear view camera :mad:

If congress can curb the speculators we may not have to give up the big rides.


I understand why alot of ppl would want the govt to step in and control this but do you really want to? This is interferring with the way capitalism work. The more the ppl relinquished their rights to the govt the less freedom we have. We are moving toward a Socialist society which is a NO NO in my book. A socialist govt dictate society. google it if you have been out of civic class for quite sometime. I dont want the govt to tell me what i can cant do. There are certain laws that help society like you can kill people. But to interfer with free trade of one commodity is WRONG. Then it would be another and another...dont play into the politican hand...they are using fear and paranoia to control us. Like they use the fear of car accident to passed the hand free cell phone law...there isnt any data to conclude yes talking on the cell phone causes accidents. talking on the phone while driving is as distracting as talking to someone next to you in the passenger side or driving in deep thoughts. isnt driving with a dog in your lap or loose in the car more of a distraction? that thing is hopping around back and forth on the steering wheel etc...im pretty sure those ppl with animals on their lap are more concern at holding on it the animal while driving and not paying attention to the road...the govt will try whatever to control you through fear.

I understand why alot of ppl would want the govt to step in and control this but do you really want to? This is interferring with the way capitalism work. The more the ppl relinquished their rights to the govt the less freedom we have. We are moving toward a Socialist society which is a NO NO in my book. A socialist govt dictate society. google it if you have been out of civic class for quite sometime. I dont want the govt to tell me what i can cant do. There are certain laws that help society like you can kill people. But to interfer with free trade of one commodity is WRONG. Then it would be another and another...dont play into the politican hand...they are using fear and paranoia to control us. Like they use the fear of car accident to passed the hand free cell phone law...there isnt any data to conclude yes talking on the cell phone causes accidents. talking on the phone while driving is as distracting as talking to someone next to you in the passenger side or driving in deep thoughts. isnt driving with a dog in your lap or loose in the car more of a distraction? that thing is hopping around back and forth on the steering wheel etc...im pretty sure those ppl with animals on their lap are more concern at holding on it the animal while driving and not paying attention to the road...the govt will try whatever to control you through fear.

I agree to an extent, but the problem is the economy has taken on a "mob mentality". The mear fear of one investment bank today caused the market to drop 358 points.

I feel that big investment companies have too much power - they almost single handedly caused the financial problems the economy is in right now. Personally I think they should be regulated like banks. If they get too big, make them split off and form another entity. That way if one goes under it doesn't crash the whole market.

And as far as dogs I don't like to see them sitting in someones lap when driving. If the airbag goes off they could be killed. Dogs should be put in a harness and seat belted in like you would do for any of your children. To those who let the dogs roam around in back do an internet search on what happens to them in an accident when they are not secured by a seat belt.

ntrdragn: I have to disagree. Mods: If this is getting too political, then I apologize in advance.

Someone has to do something. Am I personally hurting from the high gas prices? Not really. I still take my boat out every weekend, and tow it 40 minutes each way with my Armada. But, I know people are hurting more than ever. People are renting huge U-Haul trucks, draining the gas/diesel, then returning it filled with water. Farmers are being ripped off 100's of gallons at a time in Texas. All across the country people are rigging pumps to not register the gallons pumped. There are horse trailers rigged with pumps and storage containers inside; thieves will park right on top of the tanks of gas stations, then steal the fuel straight from the ground.

I am NOT saying I have all the answers, but I am smart enough to know things are bad right now. If it's a politician that has the "answer", then I am all ears, but I won't dismiss it as being controlled by big brother. My $.02 anyway.

At least they should outlast most.

You also must remember if you are basing the value of your vehicle on NADA and KBB, both resources are from car dealers associations. They will value large SUVs very low because of their market for them. Just last year the value was still high, but because they are having difficulty unloading them, they have devalued them accross the board.

IMO!

i was trying to get rid of the mada when the gas prices are starting to go up.. i went to carmax (about a year and half i think), it was priced at 30k. 4 months ago, it was priced at 25k while looking to replace it with a porsche cayenne. i haven't looked around but my wife said stop looking and just keep the armada until we fully paid it. she said if i want another car, just save up for a DP. nice!!! i appreciate the armada for out-of-town trips. i don't know how much to fill it up (i guess its more that a bill) but i can't have 8 people in a smaller SUV anyways so it's better to drive one big SUV than to use 2 vehicles just to accomodate 8 people in the trip. i havent used the mada for 2 weeks after that trip (just to start it once in awhile to keep the fluids flowing).

Dealership offered me 10k trade in for my 04 SE w/ 68000 miles. Very similar vehicle is for sale on their lot for 18500. What the heck?? If I weren't such an honest person insurance fraud would seem appealing. I love my armada. But I just found out I am going to have to drive almost 40 miles a day to take my kids to and from school in the fall. I can afford it if I have to. I was just hopeful that I wouldn't "have" to.

Welcome to CA kehall16!

The price they offered was probably right out of NADA or KBB. You would do better trying to sell it to soemone instead of trding with a dealer. Or just keep it if you can afford it for now.

My commute is 84 miles a day!

Nada trade in is 15800.00. I was hopeful they would offer at least 14500. Kinda stinks right now. Kbb and black book are in the 10k range!!

Nada trade in is 15800.00. I was hopeful they would offer at least 14500. Kinda stinks right now. Kbb and black book are in the 10k range!!
At $10,000, they were still trying to lowball you. They can't sell SUVs so they are trying to discourage folks from trading them in. They will lowball you so they can sell it at less than blue book and still make a profit.

Not worried about what it's worth. It's relative to me. It's my vehicle and I think it is valuable in my eyes. I am not trading it in, so it doesn't matter to me!

Im with you on that one spyda!

Dealer is trying to lowball me for an 05 LE w/all the option, 53K for $ 11.000 trade in

May as well keep 'em since apparently they aren't gonna make them anymore. The next round are s'posed to be Dodges.:eek:

Woot that will make this a classic...and the price should go up...woot...

I am going to keep mine too... I just read an article on MSN about all these people buying civics and prius's and saving a coulpe K at the pump per year, BUT their insurance price goes way up when comparied to a BIG heavy vehicle like ours. People don't think about the "other" costs of car ownership. It's not just the gas you put in.

I also agree that the specualtors (As well as the MEDIA) are the ones doing ALOT of damage to the economy, however like others have said I don't want Government to totally run our lives. There has to be a balance, or else why bother having one at all? The US of A is STILL a freakin fantastic place to live/work/breath etc...but at this rate that might not be the case for long.

Hubby and I have gone back and forth a lot on what's the best thing to do. We love everything about our Armada - the way it looks, drives, and have had very few problems with it. The only thing we don't love is how much gas it sucks down. So we analyzed how many miles we do in a year and based on that we'll probably get a used Corolla or Civic 4-cyl that gets 30+ mpg and use that as our commuter car. We figure that'll save us $360+ per month in gas costs if gas gets up to $5/gal, which we expect it to by the end of the summer. The car will pay for itself in 40 months, we'll keep milage low on the Armada, only drive it on road trips or when we need 4x4. Only downside - we'll be paying for a really nice rig we never drive and we'll have 4 vehicles in the garage/driveway (we have trucks for our business we park at our house). Oh well... maybe we'll make movie night in the Armada :)

Well....I'm new here and it's a PERFECT time to BUY an Armada or other large SUV in comparison to last October! I've had mine a couple weeks now and I can tell I'm going to have this for a very long time. I really stole this from the dealership. They made about $800 which was fair, but I still felt like I stole the thing. I mean come on it was almost $50k new MSRP! I'm really surprised that it isn't more popular than it is.

At $10,000, they were still trying to lowball you. They can't sell SUVs so they are trying to discourage folks from trading them in. They will lowball you so they can sell it at less than blue book and still make a profit.
blue book is worthless on trading in a vehicle. Dealerships go by blackbook if they are in a hurry, and if not, they will actually call the auctions to get an average auction price in the area. They wont give you more than they can wholesale it for if they can help it. If they dont think they can sell it and make money, it will go straight to the auction.


<---has a buddy who owns a Nissan Dealership

blue book is worthless on trading in a vehicle. Dealerships go by blackbook if they are in a hurry, and if not, they will actually call the auctions to get an average auction price in the area. They wont give you more than they can wholesale it for if they can help it. If they dont think they can sell it and make money, it will go straight to the auction.


<---has a buddy who owns a Nissan Dealership
I understand fully! :thumbup: Whatever book or listing they are using to get their prices, todays market will have them lowballing any SUV trade-in.:o

8mpg

LOL...nice screen name :D

Not worried about what it's worth. It's relative to me. It's my vehicle and I think it is valuable in my eyes. I am not trading it in, so it doesn't matter to me!


I heard that BlakSpyda! I'd trade my husband in before my truck :D

I heard that BlakSpyda! I'd trade my husband in before my truck :D
http://www.clubarmada.com/forums/attachment.php?attachmentid=2711&d=1154978522

Who cares what it's worth on the open market - it's like gold to me. It's the perfect vehicle for me and it makes me smile every time I get in to it. I feel sorry for those that have to drive any thing else.

Seems like all large used vehicles aren't worth anything on the open market right now. Anyone who's got one already is holding on to it b/c who wants to add more debt right now by trading it in and anyone who doesn't have one is considering whether they really need it. Honestly, we could get away with a Rav4. But we have our Armada and we love it, so we're keepin' it. We're getting quotes on our Dodge Ram 3500 - it keeps ending up in the shop and Chrysler won't buy it back as a lemon yet because they say its fixable problems, not manufacturers defect. So we were going to try to trade it away. Purchase it at a killer deal for $43,000 and now it's worth a whopping $24,000 as a trade in, 6 months later.

Seems like all large used vehicles aren't worth anything on the open market right now. Anyone who's got one already is holding on to it b/c who wants to add more debt right now by trading it in and anyone who doesn't have one is considering whether they really need it. Honestly, we could get away with a Rav4. But we have our Armada and we love it, so we're keepin' it. We're getting quotes on our Dodge Ram 3500 - it keeps ending up in the shop and Chrysler won't buy it back as a lemon yet because they say its fixable problems, not manufacturers defect. So we were going to try to trade it away. Purchase it at a killer deal for $43,000 and now it's worth a whopping $24,000 as a trade in, 6 months later.

Sorry to hear you are having problems with it...Im a big Dodge/Cummins fan...what kind of problems and what year truck? You will be lucky to get $24k for it. My buddy works for the Chrysler auction here in TX and he has been telling me that he has auctioned some 06 megacab duallies for $17k... Some mega sing wheel trucks have gone for $14k...the market did take a dip back up this week though.

We were big fans too until we got this truck...it's an '08 and check engine light has been on all but maybe 1 month since we've had it. There's a thread under Off Topics about it...btw, we got $25,500 for the '04 we traded in last fall that was almost at 100K, which says something about both the market and the quality of the '08's.

Sorry to hear you are having problems with it...Im a big Dodge/Cummins fan...what kind of problems and what year truck? You will be lucky to get $24k for it. My buddy works for the Chrysler auction here in TX and he has been telling me that he has auctioned some 06 megacab duallies for $17k... Some mega sing wheel trucks have gone for $14k...the market did take a dip back up this week though.

I just purchased my 2006 Armada SE 2wd tow package 19900 miles for $13,400 from a dealer!
They had it sitting on their back lot til auction day and said if I want it, they would of course inspect it and clean it. They had no intentions on selling it cause they didn't think anyone was stoopid enough to buy it :D I will take it to my dealer for additional inspection and have the interior heavily cleaned.

It's inservice date was 7/17/2006 so it's right at 2 years old. Now I just have to wait out the gas prices and hope the SUV prices go back up.

There are Titans and armadas in Tucson, AZ on sale for 10K to 15K ranging from 06 to 07 ..... SE and LE's ..... WOW and Armada's ranging from 16K to 24K....


Gas prices are so high that people are trading in their V8's for something tiny..... Wow I bet these people will definitely regret it once the Gas prices settle....

I don't know if I would buy an Armada without 4wd though... although ubber cheaps ones are just 2wd. Might as well get a mini van then.

Honda civic + Nissan Armada is the perfect combo...

I don't know if I would buy an Armada without 4wd though... although ubber cheaps ones are just 2wd. Might as well get a mini van then.

Honda civic + Nissan Armada is the perfect combo...


+1, we have an old bare-bones 23 mpg 4cyl MT 4runner for our low budget thrasher, a 350Z and Honda ST1300 for for even better mpg and lots of speed. The 4wd on the Armada has come in real handy a bunch of times, not to mention entertaining too.

'sup old heads and new heads...

the 06 we have is less than kbb per the dealer we got it from. which is 10K or less. heck i want a 09. i was at the nissan dealer today and i saw a white SE 09 with 305-35-24 nissan rims and tires!!!! the rims/tires loked way nice but didnt care for the white. wow im thinking of getting a 09. i need to help the car lot stay in business..

305-35-24 Nissan rims? Wow! I'd like to see that! I am sure they are probably aftermarket rims and not Nissans though!

Something tells me this site is going to have some new members like me. I don't want to make anyone mad, but i just picked up a 2007 SE with 17k miles, leather, bose, for a little less than 20k. I think that spike in gas prices has caused the market to totally undervalue big SUVs. With the price of gas going back down (over 50 cents locally), right now is a great time to buy an Armada.

Something tells me this site is going to have some new members like me. I don't want to make anyone mad, but i just picked up a 2007 SE with 17k miles, leather, bose, for a little less than 20k. I think that spike in gas prices has caused the market to totally undervalue big SUVs. With the price of gas going back down (over 50 cents locally), right now is a great time to buy an Armada.
How about 4500 miles on the odo in Feb '08 for $22.9K? It's the one in my sig. :D

Something tells me this site is going to have some new members like me. I don't want to make anyone mad, but i just picked up a 2007 SE with 17k miles, leather, bose, for a little less than 20k. I think that spike in gas prices has caused the market to totally undervalue big SUVs. With the price of gas going back down (over 50 cents locally), right now is a great time to buy an Armada.

I believe yours is 2wd right? I think where you need 4wd (places with snow) they are still getting decent amounts for these suvs. Not many Soccer moms want large suvs just for driving around anymore. But SUVs with 4wd as family haulers during the winter, and boat towers during the summer I think still are selling somewhat.

As a newbie here I gotta chime in on this thread - just this week got a 2007 LE 4x4 with nav and dvd, loaded (not that these great rigs have many 'options' not done), just over 19000 miles. Less than half of what it sold for June 2007, and took my trade at almost what I could have sold for. I just can't understand those who take a huge loss on trade to save a few mpg, or worse yet pay massive premiums for hybrids. It will take them a long time to make back that loss. But what the heck, those folks are giving some of us great deals. Don't get me wrong, my pockets are not bottomless for gas and I do have a conscience about the environment, but in the end it is a bit more gas for some great capabilities (space, towing, snow, rough road).

Yep, I got the 2WD. just started another thread, about the 2wd performance in Snow.

When we were at the dealership, my wife used the MPG difference to calculate how much more we would spend on gas in a year, vs the minivan we were looking at. It's like 30% difference. We added that price x 5 years to the cost of the Armada and both agreed it was still a good bargain.

you think our mada's are bad.....i just "stole" a 03 escalade with 30k on it, for $9500, one of my customers bought a 05 suburban 4wd with 50k for $8800, this was when gas just hit $4.50!!

then again dealers are offing 08's for like 8-9k off of invoice right now with the factory rebates.

Like I mentioned before. We just purchased our 08 SE (Prem Pack, Trailer Pack) a few weeks ago. Got $13k off of sticker and they gave us $18k for our 05 SE with 52k miles on it. And there was a quite a few things wrong with it when we traded her in. In fact that's the reason why we got rid of her. She served her time.

To be honest I was shocked they gave us $18k for trade in. I was expecting $12k and that was being kind. But that was the number I threw out to them and they took it.