Valuation question
01-14-2010, 08:34 PM
#16
Not many cars listed on autotrader with <15k miles and the ones listed are asking in the $60's. I don't know where they're actually selling though. Again, I'm not looking to sell unless the price is just too good to pass up.
01-14-2010, 08:37 PM
#17
Race Director
Where would you guys peg the value of this car today?
I have a friend that came to me unsolicited with a buyer who wants it for $52. What is a good "high" price for a pristine 10,000 mile car in today's market? If this was your car and you didn't necessarily want to sell it, what price would be too good to pass up?
Some things tell me $52 is a good price, maybe a great price. Other things say I might be able to do a bit better.
I have a friend that came to me unsolicited with a buyer who wants it for $52. What is a good "high" price for a pristine 10,000 mile car in today's market? If this was your car and you didn't necessarily want to sell it, what price would be too good to pass up?
Some things tell me $52 is a good price, maybe a great price. Other things say I might be able to do a bit better.
Seriously, I think $52K a good price from a private seller's point of view, which of course is your point of view.
Car's in good shape, nearly excellent condition and low miles.
The only negative is no warranty but that would add thousands to the price were one even available for a 2001.
Sell, but make sure the check's good before you sign over title!
Added: $60K or higher is the asking price but one wonders how long those $60K cars will be on the market before they sell, and at what price they'll sell?
I don't have time to search/look this up but are those low miles $60K cars 2001's or newer cars, maybe with some warranty left? If newer, with warranty that could account for the higher asking price.
Ask more for your car if you want. Price not fact only an opinion. Remember too there's always another buyer. Or to put it in the words of car salesmen: For every seat there's an a**hole.
Sincerely,
Macster.
01-14-2010, 10:02 PM
#18
Instructor
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Car being yellow hurts??? I would have thought just the opposite. I paid a bit of a premium because yellow was harder to find.
I'm curious why you think that. 75% of the cars out there are silver or black. Plus, most of the diecasts are yellow and you can get a model that matches your car.
I'm curious why you think that. 75% of the cars out there are silver or black. Plus, most of the diecasts are yellow and you can get a model that matches your car.
99C2
01-15-2010, 12:24 AM
#19
Rennlist Member
Sell as fast as you can and never look back. Odds are you will never get that kind of offer again.
I just bought an 01 Arctic Silver in great condition with 17k miles for $10k less than that offer. I also looked at a lot of cars (01-03) for prices ranging from $36k to $49k with mileage from 17k-40k. There are plenty of choices equal to yours (or newer) for WAY less than $52k.
Like Steve Miller sings "Go on, take the money and run."
I just bought an 01 Arctic Silver in great condition with 17k miles for $10k less than that offer. I also looked at a lot of cars (01-03) for prices ranging from $36k to $49k with mileage from 17k-40k. There are plenty of choices equal to yours (or newer) for WAY less than $52k.
Like Steve Miller sings "Go on, take the money and run."
01-15-2010, 12:32 PM
#20
Race Director
01-15-2010, 01:11 PM
#21
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I popped those miles and model year into my 996 valuation equation and came up with $44,500 as a predicted sale price. $52,000 is so much higher than that (at least 1.5 standard deviations), that you should sell now and never question your decision.
