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Questions About Private Sale Transactions

299 messages,  Last post on Feb 15, 2013 at 5:07 PM

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What is this discussion about? Car Buying, Car Selling, Car Values

Messages Page 28 of 31

#268 of 299 Re: I'm looking to sell my car at a good price at no cost [kirstie_h] by Mr_Shiftright HOST

Aug 06, 2011 (8:20 am)

Replying to: kirstie_h (Aug 06, 2011 8:04 am)
You can always tell a good car ad on Craigslist---because it is deleted in a day or two because the car got sold!

#269 of 299 Re: I'm looking to sell my car at a good price at no cost [Mr_Shiftright] by steine13

Aug 07, 2011 (5:41 am)

Replying to: Mr_Shiftright (Aug 06, 2011 8:20 am)
Maybe we should add to the list of car-ad no-nos.
Some are really popular, though:
 
- "Will Sell Fast"
- Pictures out of date: Snow on the ground in August; fall foliage in May, etc.
- Junked-up trunks & interiors
- Details that aren't. E.g. the Taurus with the "3.0 l V6." Yeah, but which one? Or the conversion van with "bench makes into a bed." Really?
- Listing problems and advertising "easily fixed."
- Even better: "Needs a little TLC" without stating what's up.
 
OTOH, I've heard people say they always leave out one or two important details, while providing plenty of useful information, so people have a reason to call.
 
Terry of blessed memory once advised me on leaving out possible deal killers; like a short bed on a fullsize truck. He said some people won't even look at it if it's a shorty, when in reality it might be big enough for them.
So leave it out; if they ask, it's a short bed, if not, leave it alone. Sure enough, the guy who bought my 07 Silverado was coming from a 95 F150 longbed and had been looking for another. Mine was a good deal, so he took it anyway.
 
Cheers -Mathias

#270 of 299 Re: I'm looking to sell my car at a good price at no cost [steine13] by kirstie_h HOST

Aug 08, 2011 (1:07 pm)

Replying to: steine13 (Aug 07, 2011 5:41 am)
Yeah, I get annoyed by the "won't last long!" ads that are re-posted every day for months. Most of the marketing hype language that consumers ignore in dealership ads, for whatever reason, is irritating in FSBO ads.

#271 of 299 Re: I'm looking to sell my car at a good price at no cost [kirstie_h] by lemmer

Aug 08, 2011 (1:09 pm)

Replying to: kirstie_h (Aug 08, 2011 1:07 pm)
When I see "won't last long" I always suspect it might be a Freudian slip revealing the car's health.

#273 of 299 damp in DC? by steve_ HOST

Sep 13, 2011 (2:28 pm)

A reporter is looking to interview someone in the greater Washington, DC area who unknowingly bought a car that had suffered flood damage. Please respond to predmunds.com with your daytime contact information by Monday, September 19, 2011.

#275 of 299 Contents of CARFAX Reports? by wilcox

Sep 15, 2011 (11:38 am)

I think they might document accident incidents, report recall information, and safety info.
 
Do they supply maintenance records and routine servicing ?
 
I'm asking because I do all the oil changes, and other operating maint. processes. I'm wondering if carfax draws off dealers records for servicing vehicles in those manners..
 
 Best Regards, wil.

#276 of 299 Re: Contents of CARFAX Reports? [wilcox] by robr2

Sep 15, 2011 (11:41 am)

Replying to: wilcox (Sep 15, 2011 11:38 am)
If a dealer shares information with them, then the answer is yes.

#277 of 299 Edmunds use car pricing inaccuracies by sellorbuy

Mar 02, 2012 (10:05 am)

I've been buying used the last couple of years and at the moment I'm trying to sell a car private party for the first time in quite a while. As both a buyer and seller, I find the used car pricing on edmunds to be highly inaccurate for older low mileage vehicles. This is problematic as a buyer because it can be frustrating when no one will go near what we're being told by edmunds are "True Market Values". I'd like to see some transaction data to back up the numbers. What I think really goes on is that when there is no data available edmunds uses a flawed formula. For example, I found a loaded 1994 Mustang GT convertible just a year or two ago that was in mint condition with only 22K miles on it. Edmunds said it was worth about $5k. KBB and NADA both said $9-10K. The seller wanted $10k. I ended up buying it for $9k and ignoring edmunds, but it made me nervous. I've come to realize these numbers on edmunds cannot possibly be backed up by real sales going on. No car like that one in that condition was ever available that i could find in the US for $5k then or since. Now I find myself on the opposite end of the spectrum. I'm selling a 2002 vehicle with 42k mi in great condition that edmunds says is worth $8 to $10K. KBB says over $16K and Nada says $15K. More importantly the cars are actually selling in the $15K range. I can't find anyone anywhere selling even close to $8K for a vehicle in this condition. Edmunds cannot possibly have sales data to back up these numbers. This is a real disservice to the community and Edmunds should stop doing older low mileage used car estimates if they cannot be at all accurate. It hurts both sellers and buyers. I sent in a complaint and was told they would forward my comments to the pricing manager, but I wouldn't be surprised if he is a round basket. Personally I suspect Edmunds gets a lot of vendor support for new car data and probably gets nothing for used car data so there is little incentive for them to get it right.

Messages Page 28 of 31

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