Whats it worth??
Thread Starter
Pro
Joined: Jun 2007
Posts: 713
Likes: 9
From: Saratoga Springs Ut
Whats it worth??
I have been thinking about selling my 98, just thinking mine you. I can't quite bring myself to it just yet but I want to get a realistic opinion about what its worth now days and then go from there. It is a stock m6 and has 23k on it and not a scratch on her and perfect interior. It was a Calif car and has been in Utah about 1 1/2 years and never driven in the rain or snow here. Like I said, its not for sale yet thats why it's not in sale section. I'm just curious for now.
Burning Brakes
Joined: Oct 2007
Posts: 813
Likes: 0
From: N E area of state Kansas
what options? Also, that is pretty low mileage. I think you might be able to get some interest at the 20k range if optioned well (hence, perf. axle, sport seat w/dual power, cd, etc.etc.) I just payed 18k for a well optioned 99 that was 58k and happy to do it. Before the "big crash" of the market. The 99 has some scratches and normal wear, but is in pretty good condition. It did come from a dealer though, which makes a diffrence. I still think 19-20k is reasonable though if you have good options.
Drifting
Joined: Dec 2004
Posts: 1,820
Likes: 2
From: San Diego
Check Kelly Blue Book and Edmunds for high book and start from there. That's what I did. Then each week or so I'd lower the price maybe $500 or so until someone bought it. Worked out great.
If you price it at what you realistically want, I'd bet you won't get it. Instead you'll be barraged with low-ball offers. But if you start a little high, then work your way down every week or so you're likely to get more than you expect.
Here is my example of what I did once with another car: I started at $35,000. I wanted $32k minimum. Immediately I got offers for $31k. I passed on them, continued to lower my price $500 to $1000 every week or so until it sold if for $30,900. Yep, $100 under those 1st offers and $1,100 under my supposed bottom line, plus it took another 1 1/2 mos!
So, in the end I figured, what it sold for was the current market price and my original expectations were a little high.
My suggestion is, put it on the block at top $ then see what happens as you start bringing the price down. The worst case is, you get to keep it!
..rickko..
If you price it at what you realistically want, I'd bet you won't get it. Instead you'll be barraged with low-ball offers. But if you start a little high, then work your way down every week or so you're likely to get more than you expect.
Here is my example of what I did once with another car: I started at $35,000. I wanted $32k minimum. Immediately I got offers for $31k. I passed on them, continued to lower my price $500 to $1000 every week or so until it sold if for $30,900. Yep, $100 under those 1st offers and $1,100 under my supposed bottom line, plus it took another 1 1/2 mos!
So, in the end I figured, what it sold for was the current market price and my original expectations were a little high.
My suggestion is, put it on the block at top $ then see what happens as you start bringing the price down. The worst case is, you get to keep it!
..rickko..
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I'd say maybe $18K as a price on the car. Could be a bit more, but these days cars are not selling for premium prices.
Thread Starter
Pro
Joined: Jun 2007
Posts: 713
Likes: 9
From: Saratoga Springs Ut
Thanks guys. As far as options it's pretty bare bones. Perf axle ratio and dual power seats are about it. I was thinking around 18k to 19k also. Like I said just thinking for now. like the rest of the country I'm looking to down size and pay off some bills. It's not a daily driver so it's not like I need it and it won't be drivin at all from about mid Nov. to March or so which makes it even harder to justify owning.
Last edited by TheDEfan; Oct 15, 2008 at 03:54 PM.
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Drifting
Joined: Feb 2005
Posts: 1,592
Likes: 3
From: St Louis MO
The car looks pretty sharp. If you can, hold on to it. The market is depressed right now and you might take a beating. Keep it maintained and wait awhile (again, if you can). I'll bet next spring you'll be happy you did and you'll be Vette-ing down the road. It's a tough call, depending on your circumstances.
