Car values

[MAJA]

Thanks, that EDMUNDS site is very good, and easy to use.

 

[Jeff in Western WA]

typically a "good running" car (smog/inspectable..) that doen't have anything "broken" and "looks ok" is usually worth a minimum of $1K "retail"..then start subtracting for broken items, missing pieces, really looks bad, shoddy interior, repairs needed, etc., the key is the new buyer being able to smog/state inspect the car w/o additional costs (if applicable)...many 10+ year old cars don't look to good and often have "something wrong" thus the real "worth is "something more than a free tow" to aboout a grand...I've fixed many cars purchased cheap with just some labor (extensive cleaning, changing fluids, tune up, minor repairs) and often doubled++ my money and the buyer receives a "solid driver" for a fair price...the key is "finding the right car"...there are many out there for under $1K, but most aren't worth anything ...IMO

 

[eljefino]

It's a regional thing... Your rust free car might be worth more in TX than my rusty 92 Cutlass Ciera was in Maine (couldn't sell at ANY price; gave to junkyard). But, what if, migrant workers are in town and need cheap wheels and buy up all the beaters? I'd start it at $1000 and if noone shows up all you've lost is a week. Relist it.

Hint: Pick a big-city newspaper with expensive classified ads and see if they have any cheap cars in the classifieds. IF they don't, that's your "in" to market to someone that doesn't want to look somewhere else.

 

[Pitbull]

quote:

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Originally posted by eljefino:
It's a regional thing... Your rust free car might be worth more in TX than my rusty 92 Cutlass Ciera was in Maine (couldn't sell at ANY price; gave to junkyard).

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Where that used car lived is important. I looked at a off lease Lexus LX470 from Minn. The whole bottom of that thing was rusted.

I did not buy it.

 

[MAJA]

I am trying to find a reasonable selling price for a 1993 Chevy Lumina, 4 door, V-6 in fair to good condition, with about 120-130k. The vehicle has been well maintained, and always kept under a shed. The Kelly Blue Book value for this vehicle is 300-700 dollars, depending on which "condition" you allow for it. Can someone offer me an opinion on a asking price for this, with the minimal info I have provided? (This is my mother-in-laws car, and I know little more about it.) Thanks in advance.

 

[Jelly]

Go over to Edmunds.com and use their "true market value" tool.

I really like it.