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Pricing my used vehicle for private sale

649 messages, Last post on Nov 01, 2009 at 9:38 AM
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Replying to: oldfarmer50 (Jul 03, 2009 4:06 am) |
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Replying to: kyfdx (Jul 02, 2009 3:28 am) |
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HI, I am thinking of selling my Kia Rio5 SX with 24000 miles, A/T, power accessories. I had a used car manager rate it as "clean" and I would rate it as being in excellent condition (I've babied it, because it is my first car). I am in no rush to sell, but would like to get out of it in order to save money in the short term and long term use my car payment savings toward a down payment for a step up. My question is this, the kbb and the edmunds prices for the car are pretty far apart. Any sense of what might be a good starting point for pricing the car? Thanks
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Replying to: wide1 (Jul 19, 2009 8:20 am)
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Replying to: qbrozen (Jul 19, 2009 5:32 pm)
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Replying to: wide1 (Jul 19, 2009 7:21 pm) Would you pay over 10k (before taxes and registration) for a 3+ year old Korean subcompact when you can get a base Nissan Versa with automatic for 12k (again, before taxes and registration)?
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Replying to: asafonov (Jul 21, 2009 10:34 am) |
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Replying to: wide1 (Jul 19, 2009 8:20 am) Edmunds Private Party Value- $9,863 KBB.com Private Party- $9205 (Excellent Cond) or $8655 (Good Cond) NADA.com Retail Value (Clean)- $9,375 That w/ 24k miles, pw, pdl, alloy wheels, automatic and ABS. Go to AutoTrader.com and do a search for the Kia Rio5, 2007-2007, and choose a search range of 500 miles (to get more results). In Atlanta, Carmax has one with the same specs as yours (23k miles) for $9988. A few private sellers are $9700-$9800…that will give you a better idea of what’s realistic in your market.
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My mom bought an '07 Explorer last year and doesn't use her '95 Jeep Grand Cherokee any longer. I've debated whether to try to sell it for or just keep it for myself as a 2nd vehicle....it's in excellent condition, drives great, but it has 205,000 miles on it. The 4.0L I-6 may have another 100k left in it (the transmission probably doesn't, but who knows). KBB puts the value at $2.640 (Private Party, Good Condition) Edmunds isn’t so kind- TMV Private Party- $1,136 NADA Clean Retail- $2,850 I've bought and sold 12-13 cars over the years, so I have realistic expectations...but it seems like a solid $2500 SUV to me! Thoughts?
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Replying to: igozoomzoom (Jul 22, 2009 2:07 am) Again if it`s good,no point in selling it..Drive it into the ground or till something major blows up. My advice,MHO-keep the Jeep,drive it till it dies,then junk it for about 300. |
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