Maybe I didn't ask enough??
Thread Starter
Drifting
Joined: Aug 2005
Posts: 1,297
Likes: 0
From: Menands (Albany) NY
Maybe I didn't ask enough??
After much thought over the winter I have decided to buy a bigger boat and sell the Vette.
1998 Coupe with 51000 miles, Magnflow pipes and pretty new Goodyears. Overall a pretty clean car.
I saw the book value at 14,900 for a clean trade and 18,300 for top retail.
I priced at 17,900 and within 1 day got 6 calls, 5 who want to look at it.
I wonder now if I should have advertised it for more?
1998 Coupe with 51000 miles, Magnflow pipes and pretty new Goodyears. Overall a pretty clean car.
I saw the book value at 14,900 for a clean trade and 18,300 for top retail.
I priced at 17,900 and within 1 day got 6 calls, 5 who want to look at it.
I wonder now if I should have advertised it for more?
Race Director
Joined: Dec 2000
Posts: 19,304
Likes: 85
From: San Diego CA
It's the color - Magnetic Red. When I look at C5s in Autotrader, there are very few, if any Mag Reds. When they do show up, they are snagged, quickly.
But really, it is far better to set an honest (fair) price and get that price vs. setting the price high and having one person lowball you. When I sell something and multiple people call, I tell them I will show the item to the first caller. If he or she doesn't want it or tries to lowball me, I call the second caller....and so on. Normally, the first person who sees the item, buys it. I even sold a condo this way.
But really, it is far better to set an honest (fair) price and get that price vs. setting the price high and having one person lowball you. When I sell something and multiple people call, I tell them I will show the item to the first caller. If he or she doesn't want it or tries to lowball me, I call the second caller....and so on. Normally, the first person who sees the item, buys it. I even sold a condo this way.
Race Director
Joined: Sep 2006
Posts: 11,199
Likes: 1,139
From: Santa Rosa Beach FL
When an item, car or home, is first put on the market, it gets attention from the largest # of people in the shortest period of time.
As in real estate, you should accept the first offer, as long as it is reasonable. No buyer wants to think he paid too much and no seller wants to think he sold out.
17.9 or even 17 or 16 should do you just fine w/51K. Keep in mind that "Retail" means Dealer retail. Not Private Party Sale.
As in real estate, you should accept the first offer, as long as it is reasonable. No buyer wants to think he paid too much and no seller wants to think he sold out.
17.9 or even 17 or 16 should do you just fine w/51K. Keep in mind that "Retail" means Dealer retail. Not Private Party Sale.
Last edited by cor28vettes; Apr 9, 2012 at 10:43 PM.
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To me, sounds like you may have priced it fairly - you want calls from interested people. You have priced it between private party and dealer retail, so go from there on the actual selling price.
Thread Starter
Drifting
Joined: Aug 2005
Posts: 1,297
Likes: 0
From: Menands (Albany) NY
I don't know...I'm thinking `17,500 is as low as I go.
I guess...I really don't want to sell it..but with a boat...and a Harley...I hate to see it sit in the garage too. Haha..I almost forgot my daughter is getting married next year! $$$$$$$$$$$$$$$$$$$$$$
I guess...I really don't want to sell it..but with a boat...and a Harley...I hate to see it sit in the garage too. Haha..I almost forgot my daughter is getting married next year! $$$$$$$$$$$$$$$$$$$$$$
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Melting Slicks
Joined: Nov 2004
Posts: 2,275
Likes: 6
From: Lake Oswego, Near Portland Oregon
Price seems fair to buyer and seller alike, not a ream job either way. Quick sell is a blessing, helped by "RESALE RED" Ah, er.. I mean Magnetic red!
What kind of boat are you getting??..Upgrading to a new boat, or getting the first??. I REALY enjoy the boats too...perfect way to spend a summer Saturday, crusing or blasting about on the rivers, then after dark, a slow cruse through the downtown district with all the night lights reflecting on the water....
What kind of boat are you getting??..Upgrading to a new boat, or getting the first??. I REALY enjoy the boats too...perfect way to spend a summer Saturday, crusing or blasting about on the rivers, then after dark, a slow cruse through the downtown district with all the night lights reflecting on the water....
Le Mans Master
Joined: Sep 2007
Posts: 7,604
Likes: 8
From: Belleville Il
Calling,,looking,,,and buying are all different animals!! The one buyer at a time sounds like a good idea,,potentially a lot of "shoppers" out there,,and probably a lot of potential low ballers out there! Good luck!!!
: thumbs:
: thumbs:
Banned Scam/Spammer
Joined: Feb 2007
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From: Oklahoma City
St. Jude Donor '09-'10-'11-'12-'13-'14-'15-'16-'17,'19,'22
Don't worry they will come check it out and throw you a low ball offer.
It's usually I have XXX right now. Will you take that.
It's usually I have XXX right now. Will you take that.
Racer
Joined: Oct 2011
Posts: 374
Likes: 1
From: Greenville NY
So much depends on the price...buyer desire, seller necessity, your location etc. Where I live (in the northeast) your asking price seems to be about right. I bought my Pewter Metallic '99 6 speed convertible with 53k miles in beautiful condition for $14,000. The guy was trying to buy a house and really needed the money. If you NEED to sell it, or can be patient...a lot depends on your situation.
Holy crap! I just saw that you are in Menands...I live in Greenville, about 30 minutes south of you!
Holy crap! I just saw that you are in Menands...I live in Greenville, about 30 minutes south of you!
Melting Slicks
Joined: Jun 2010
Posts: 2,809
Likes: 3
From: Yorktown Virginia
Its hard to say if its priced too low or too high, it may be that if you priced it much higher no one would call. Personally I probably wouldnt pay more than 15500 for a car similar to that in my area. Its always nice to make a quick sale, but there is one thing Ive learned over the years and its that you can have 100 people inquire about what ever it is you are selling but until I see money it doesnt mean anything.
Racer
Joined: Apr 2012
Posts: 284
Likes: 3
From: Rochester New York
Its hard to say if its priced too low or too high, it may be that if you priced it much higher no one would call. Personally I probably wouldnt pay more than 15500 for a car similar to that in my area. Its always nice to make a quick sale, but there is one thing Ive learned over the years and its that you can have 100 people inquire about what ever it is you are selling but until I see money it doesnt mean anything.
Hit the nail right on the head.
Team Owner
Joined: Jan 2009
Posts: 73,568
Likes: 33
From: Somewhere in Mo
St. Jude Donor '09-'10, '14
You priced it too high for a private seller, or a dealer. I wouldn't buy it but there are people who would.Those books are guides, they do not reflect the value of anything, except for the dealer who can say it's priced below book.
Sorry, you asked.
Sorry, you asked.
Team Owner
Joined: Jan 2009
Posts: 73,568
Likes: 33
From: Somewhere in Mo
St. Jude Donor '09-'10, '14
When an item, car or home, is first put on the market, it gets attention from the largest # of people in the shortest period of time.
As in real estate, you should accept the first offer, as long as it is reasonable. No buyer wants to think he paid too much and no seller wants to think he sold out.
17.9 or even 17 or 16 should do you just fine w/51K. Keep in mind that "Retail" means Dealer retail. Not Private Party Sale.
As in real estate, you should accept the first offer, as long as it is reasonable. No buyer wants to think he paid too much and no seller wants to think he sold out.
17.9 or even 17 or 16 should do you just fine w/51K. Keep in mind that "Retail" means Dealer retail. Not Private Party Sale.
Racer
Joined: Mar 2008
Posts: 321
Likes: 0
From: Grandview Texas
Burning Brakes
Joined: Jan 2011
Posts: 1,062
Likes: 291
From: Allyn WA
After much thought over the winter I have decided to buy a bigger boat and sell the Vette.
1998 Coupe with 51000 miles, Magnflow pipes and pretty new Goodyears. Overall a pretty clean car.
I saw the book value at 14,900 for a clean trade and 18,300 for top retail.
I priced at 17,900 and within 1 day got 6 calls, 5 who want to look at it.
I wonder now if I should have advertised it for more?
1998 Coupe with 51000 miles, Magnflow pipes and pretty new Goodyears. Overall a pretty clean car.
I saw the book value at 14,900 for a clean trade and 18,300 for top retail.
I priced at 17,900 and within 1 day got 6 calls, 5 who want to look at it.
I wonder now if I should have advertised it for more?
First selling your Corvette!
Second buying another boat (they say there are 2 times you get excited about a boat the day you buy, the day you sell - been there done that)
Third - 17,900 is a good price - getting calls is one thing - closing the deal is another.
