Date: Thu, 09 Mar 2006 09:17:38 -0500 From: Fred W <Malt_Houndnospamm-me-not*yahoo.com> Subject: Re: I'm Seeling My '02 Viggen some questions
Craig M. Bobchin wrote: > Hi Dave, > > We are hoping to sell it for somewhere between the buyout amount and the > retail amount. > > In checking Kelly Bluebook and other sites it seems that the retail for > this is around 23k. We are not asking that much. If you are serious > about buying it, e-mail me at ca9000cse at sbcglobal dot net. > > Craig Craig, There are a few things that you apparently don't understand about buying and selling used cars. First and foremost, you (as a private party) will never get anything close to average retail value. That is what a dealership would ask (and later discount to make the sale) becvause they have additional overhead in the form of preparing the car for sale and then the implied warranty that must be extended by law. Next, ignore values found at kbb.com. They are a shill for dealerships to make more money. The trade-in values are too low and their retail values are too high. Instead, use NADA.com as these are the people that publish "the books" used by dealers. Private parties generally get something above the wholesale (aka "trade-in") value but definitely less than retail. Referring to nada.com: http://www.nadaguides.com Assuming "normal" mileage (which would be 60k miles for a 4 year old car), NADA says that your car is worth $16,150 wholesale and $18,775 retail, so a reasonable private party sale price would be approximately $17,000. Adjust up or down based on mileage and additional options. Hope that helps. -- -Fred W
