Tanking resale value
Racer
Joined: Nov 2020
Posts: 401
Likes: 265
From: Baltimore, MD
Reading through the thread is certainly interesting, but also pretty factual. I own a 03 vert six speed Anniversary edition and was going to list it on BAT with a reserve in the mid 20,s mine only has 28k original miles and is in excellent condition.
well BAT declined the listing unless I listed with no reserve, so that kind of speaks to the market?
well BAT declined the listing unless I listed with no reserve, so that kind of speaks to the market?
Melting Slicks
Joined: Mar 2023
Posts: 2,939
Likes: 1,692
From: North Coast
Race Director
Joined: Aug 1999
Posts: 11,121
Likes: 672
From: SE Pennsylvania
St. Jude Donor '03 thru '26
Oldtimer
Well I learned a few things when I listed a car a few years ago , One be careful how tyou come up with your reserve price. If you list a car, any car, and your car doesnot meet the reserve price, Say you wanted a reserve price of say $20.000 and it only gets to $17.000 and you fail to sell the car, then if you decide to use another auction site like Hemmings, you can not use the same numbers on the second aution site, if it only got to $17.000 the new auction site is not going to allow a $20.000, instead you must make your reserve price below $17.000 and your price must be about $17.000. Why, because the new auction site doesn't want to list you car at a price which in their estimation is non attainable, and dispite your paying the listing fee, your wasteing their time, and their losing money on the listing as it won't get that higher price. And all of these on-line auto auction sites monitor all the other on-line sites so the sell/no-sell information is right there for their use. Fair, . . I don't know if acepting less than you think the vechile is worth ?? but these auction sites are businesses and they want guaranteed income. I suppose you can wait a year or two, but . . . .
Burning Brakes
Joined: Dec 2022
Posts: 1,033
Likes: 896
From: Nappytown MD
I just saw this and it seems to drive home what everyone is saying about what a good/fair price is- This car is in the Mid Atlantic (Chantilly Va) area
Not a bad 04/A4 car AND the FASTEST color!
https://www.cargurus.com/Cars/invent...ting=385287757
Not a bad 04/A4 car AND the FASTEST color!
https://www.cargurus.com/Cars/invent...ting=385287757
Melting Slicks
Joined: Mar 2023
Posts: 2,939
Likes: 1,692
From: North Coast
I just saw this and it seems to drive home what everyone is saying about what a good/fair price is- This car is in the Mid Atlantic (Chantilly Va) area
Not a bad 04/A4 car AND the FASTEST color!
https://www.cargurus.com/Cars/invent...ting=385287757
Not a bad 04/A4 car AND the FASTEST color!
https://www.cargurus.com/Cars/invent...ting=385287757
In Florida you would see even lower.
