CPO 2016 Camry LE: $19k with 31k miles vs 17.8k with 50k miles ? - Toyota Nation Forum : Toyota Car and Truck Forums
Camry 7th Generation (2012-2017) Toyota Camry Discussion for years: 2012-2017

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post #1 of 17 Old 07-12-2019, 12:11 AM Thread Starter
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CPO 2016 Camry LE: $19k with 31k miles vs 17.8k with 50k miles ?

Hello everyone, I'm a newbie here so my apology if I posted in a wrong place.

I'm considering 2 offers at my local dealers. Both are 2016 Camry LE (certified pre owned).

- The first one is at $19k out of the door. Has 31k miles on it.

- The second one is $17.8k out of the door, but mileage is 50k.

Which one do you think is a better deal?
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post #2 of 17 Old 07-12-2019, 12:31 AM
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Take them for a test drive.

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post #3 of 17 Old 07-12-2019, 07:42 AM
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Quote:
Originally Posted by Appleorange7 View Post

- The first one is at $19k out of the door. Has 31k miles on it.

- The second one is $17.8k out of the door, but mileage is 50k.

KBB Certified Pre-owned typical price for the 31k car would be about $16K.
Same thing for the 50k car would be about $15K.
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post #4 of 17 Old 07-12-2019, 08:05 AM
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Those are very high prices. Remember you're buying a previous generation Camry. Browsing Craigslist the other day I found a 2018 Camry SE with 29K miles from the original owner for $18K. Even if you insist on CPO, you can do better than that. You might be able to negotiate a new Camry LE for ~24-25K out the door. To only take $5-6K off for depreciation for the most reliable 3 years of the car's life is not worth it.
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post #5 of 17 Old 07-12-2019, 10:33 AM
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As others have mentioned, those prices are a bit high for a 3 year old Camry. What is the actual selling price the cars? I paid $17,5K for a CPO 2015 Camry LE (21,000 miles) with the upgraded radio and sunroof back in 2016.

Do both cars have the same features? Any upgrades? How do they drive? How many miles do you drive each year? What are your plans for this car? Drive it into the ground? Change it out in a few years?

Personally, if I'm buying used, I like to get the lowest miles possible. I driven 4 out of my last 5 cars to at least 150,000 miles and i currently have a 2006 Camry that my kids drive with 195k miles on it. And my 2015 has 95k miles. The Camrys last if you do the maintenance.

Good luck.

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post #6 of 17 Old 07-12-2019, 01:08 PM Thread Starter
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Originally Posted by add2718 View Post
Quote:
Originally Posted by Appleorange7 View Post

- The first one is at $19k out of the door. Has 31k miles on it.

- The second one is $17.8k out of the door, but mileage is 50k.

KBB Certified Pre-owned typical price for the 31k car would be about $16K.
Same thing for the 50k car would be about $15K.
Quote:
Originally Posted by jiantao View Post
Those are very high prices. Remember you're buying a previous generation Camry. Browsing Craigslist the other day I found a 2018 Camry SE with 29K miles from the original owner for $18K. Even if you insist on CPO, you can do better than that. You might be able to negotiate a new Camry LE for ~24-25K out the door. To only take $5-6K off for depreciation for the most reliable 3 years of the car's life is not worth it.
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Originally Posted by dtownfb View Post
As others have mentioned, those prices are a bit high for a 3 year old Camry. What is the actual selling price the cars? I paid $17,5K for a CPO 2015 Camry LE (21,000 miles) with the upgraded radio and sunroof back in 2016.

Do both cars have the same features? Any upgrades? How do they drive? How many miles do you drive each year? What are your plans for this car? Drive it into the ground? Change it out in a few years?

Personally, if I'm buying used, I like to get the lowest miles possible. I driven 4 out of my last 5 cars to at least 150,000 miles and i currently have a 2006 Camry that my kids drive with 195k miles on it. And my 2015 has 95k miles. The Camrys last if you do the maintenance.

Good luck.
Thanks everyone. (This forum has no Thanks button?)

I don't know why but it seems like all the dealers in my city have rougly the same price for a CPO 2016 Camry (around $17k starting price). With all the fees added it's around $2k more. Maybe there's room for haggling? But I heard for a CPO car it's not much.
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post #7 of 17 Old 07-12-2019, 01:36 PM Thread Starter
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Quote:
Originally Posted by add2718 View Post
Quote:
Originally Posted by Appleorange7 View Post

- The first one is at $19k out of the door. Has 31k miles on it.

- The second one is $17.8k out of the door, but mileage is 50k.

Is the price on KBB actually the OTD or just asking price? The ones I listed in my original post are OTD.


KBB Certified Pre-owned typical price for the 31k car would be about $16K.
Same thing for the 50k car would be about $15K.
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post #8 of 17 Old 07-12-2019, 08:37 PM
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Simply too high. Look elsewhere.

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post #9 of 17 Old 07-12-2019, 08:39 PM Thread Starter
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Simply too high. Look elsewhere.

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Pretty much all dealers in my area have the same price. 😕
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post #10 of 17 Old 07-14-2019, 11:54 AM
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Check with your local Hertz Car rental. We just bought a 2017 SE with 45k miles for $14k. I typically like to purchase the last year of a generation, that way all the bugs are worked out .

We've been buying Hertz cars for about 25 years now, never any problems, every 5-6 years.
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post #11 of 17 Old 07-14-2019, 01:03 PM
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Been very surprised that the 7th gen Camry has held its value as well as it has. I have a '15 base LE with 63k and even the KBB value is ridiculously high and we've always been right side up on the value.

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post #12 of 17 Old 07-15-2019, 05:43 PM
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Quote:
Originally Posted by jwzg View Post
Been very surprised that the 7th gen Camry has held its value as well as it has. I have a '15 base LE with 63k and even the KBB value is ridiculously high and we've always been right side up on the value.

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What's KBB? Are they buying or selling cars?
Go to a dealer and you'll be surprised even more, KBB or NADA values are just guidelines and real values are substantially lower.

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post #13 of 17 Old 07-15-2019, 09:11 PM
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True David, but having bought quite a few vehicles in this area, KBB values are typically +/- $500 of what I've been offered unless the price of the car I was trading for was set low. FWIW, the retail on these cars is high at the dealerships in this area that normally have very reasonable prices even on used cars.

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post #14 of 17 Old 07-15-2019, 09:53 PM
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Quote:
Originally Posted by Appleorange7 View Post
Hello everyone, I'm a newbie here so my apology if I posted in a wrong place.

I'm considering 2 offers at my local dealers. Both are 2016 Camry LE (certified pre owned).

- The first one is at $19k out of the door. Has 31k miles on it.

- The second one is $17.8k out of the door, but mileage is 50k.

Which one do you think is a better deal?
I think both are priced too high. I would put a fair price around $15K. Maybe $1K more because they are certified

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post #15 of 17 Old 07-16-2019, 05:20 AM
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Thanks everyone. (This forum has no Thanks button?)
Indeed it does....lower right hand corner of the message window......
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