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Re: Mike's right. Seems like a lot of the stuff
Posted by LesH [Email] (more from LesH) on Tue, 17 Jan 2006 16:23:49
In Reply to: Re: Mike's right. Seems like a lot of the stuff, Eebs, Tue, 17 Jan 2006 16:11:38
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Well, average of KBB and NADA private party are around $5900. The car needs brakes, rotors, idler pulley, a pair of speakers, and code 08 repair. Should be able to do all that in the $1000 range. So really it's worth about $4900 book value (in fact, close to what you paid for it) at this point.
Money previously spent on repairs doesn't increase the value over book, it just stops you from having to deduct from book.
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