Originally posted by chansen:
...Bought a red Toyota Matrix today. Got $5400 on the trade-in....
Both people I know with them, are quite happy with their purchase, hopefully you will be too.
The trade-in value you got was about right; based on 200k life expectancy you had consumed about 80% leaving a residual of 20%. With original list of about $27k that's about $5400. At least that's the way I crudely value cars.
