Difference in value
Thread Starter
cesssna10
Joined: Feb 2011
Posts: 1,391
Likes: 47
From: Big Canoe Ga
Difference in value
Would like your opinions on the following question.
2 stock 2003 coupes identical, both clean one with
35000 miles and one with 90000 miles, what would be the difference
in value. I have a valid reason for asking but its too long for the forum.
Thanks
Cessna 10
2 stock 2003 coupes identical, both clean one with
35000 miles and one with 90000 miles, what would be the difference
in value. I have a valid reason for asking but its too long for the forum.
Thanks
Cessna 10
Team Owner
Joined: Mar 2001
Posts: 21,325
Likes: 3,841
From: small town in S.E Pa. PA
St. Jude Donor '03-'04
However, not knowing anything about either car. you just cant assume anything. this is where good maintenance records comes into play.
Now take the car with 35000 miles. Just for arguments sake, suppose the this car's mileage was attained 1 quarter mile at a time.
While highly improbable, you can see that mileage can be misleading.
the car with 90 K would be a good negotiating tool. I would rather have a well maintained 90K car than an abused car with 35 K.
if both cars are well maintained, the difference in negotiated cost would be the determining factor.
I would not turn my back on a well maintained 90K car.
I hope this helps
Bill aka ET
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
On the surface, the car with 90K would be of less value.
However, not knowing anything about either car. you just cant assume anything. this is where good maintenance records comes into play.
Now take the car with 35000 miles. Just for arguments sake, suppose the this car's mileage was attained 1 quarter mile at a time.
While highly improbable, you can see that mileage can be misleading.
the car with 90 K would be a good negotiating tool. I would rather have a well maintained 90K car than an abused car with 35 K.
if both cars are well maintained, the difference in negotiated cost would be the determining factor.
I would not turn my back on a well maintained 90K car.
I hope this helps
Bill aka ET
However, not knowing anything about either car. you just cant assume anything. this is where good maintenance records comes into play.
Now take the car with 35000 miles. Just for arguments sake, suppose the this car's mileage was attained 1 quarter mile at a time.
While highly improbable, you can see that mileage can be misleading.
the car with 90 K would be a good negotiating tool. I would rather have a well maintained 90K car than an abused car with 35 K.
if both cars are well maintained, the difference in negotiated cost would be the determining factor.
I would not turn my back on a well maintained 90K car.
I hope this helps
Bill aka ET
and
if you're looking for hard numbers the nada guide on both would be as good as any for a starting point
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As Bill said, maintenance is a key. Check NADA for a general price guideline but do your homework on the car itself through questions of the owner and a thorough evaluation based on inspecting the vehicle.
