am I asking too much? (car)

Discussion in 'After Hours Lounge (Off Topic)' started by Philip_G, Jul 26, 2003.

  1. Philip_G

    Philip_G Producer

    Joined:
    Nov 13, 2000
    Messages:
    5,030
    Likes Received:
    0
    I need to relieve myself of my 2002 WRX, quickly. I'm asking 16,500 for it, about 1000-1200 below NADA *trade in* value, yet no bites [​IMG]
     
  2. Philip_G

    Philip_G Producer

    Joined:
    Nov 13, 2000
    Messages:
    5,030
    Likes Received:
    0
     
  3. Jason_Els

    Jason_Els Screenwriter

    Joined:
    Feb 22, 2001
    Messages:
    1,096
    Likes Received:
    0
    NADA is not terribly accurate these days. Very low finance charges, leasing, and dealer incentives to move inventory are putting more people in new cars than ever before. People are finding trading very difficult and getting below NADA at the lots. Private sellers are doing better but keep in mind that Subaru is really pushing deals on the WRX.

    It's also harder to sell a used sports car because every buyer assumes it's been driven hard.

    Happily you live in Denver. That should help as Scoobys are very popular. Ask around at NASIOC it's the country's central Scooby message board. You might get some ideas or post it for sale there.

    Good luck!
     
  4. Tim Markley

    Tim Markley Screenwriter

    Joined:
    Jun 12, 1999
    Messages:
    1,279
    Likes Received:
    0
    My guess is that it's the mileage. That's alot of miles for a 2002 even though you've adjusted your price because of it.
     
  5. Philip_G

    Philip_G Producer

    Joined:
    Nov 13, 2000
    Messages:
    5,030
    Likes Received:
    0
    it's not actually. The car was purchased new in 03/2002 so it's just under 2.5 years old, at 15k per year it's just about spot on
     
  6. nolesrule

    nolesrule Producer

    Joined:
    Aug 6, 2001
    Messages:
    3,084
    Likes Received:
    0
    Location:
    Clearwater, FL
    Real Name:
    Joe Kauffman
    03/2002 was only 16 months ago. That's 24,000 miles/year, not 15k.
     
  7. Aurel Savin

    Aurel Savin Supporting Actor

    Joined:
    Nov 15, 1998
    Messages:
    839
    Likes Received:
    0
     
  8. Carl Miller

    Carl Miller Screenwriter

    Joined:
    Mar 17, 2002
    Messages:
    1,461
    Likes Received:
    0
     
  9. Philip_G

    Philip_G Producer

    Joined:
    Nov 13, 2000
    Messages:
    5,030
    Likes Received:
    0
    the 2004's are out for sale, no? it's 2 model years old, any way you want to slice it.
    I think 2000 dollars off retail for a few extra miles should cover it
     
  10. Steve Schaffer

    Steve Schaffer Producer

    Joined:
    Apr 15, 1999
    Messages:
    3,756
    Likes Received:
    1
    Philip,

    Except to a very few cognoscenti, your car is percieved as comparable to a garden variety Corolla or Civic built, but by an "off-brand" mfg. The vast majority of people in this category are looking for an automatic and expecting to pay closer to 12k for a car in this size range and age with 32k on it.

    Enthusiasts, who do know what a WRX is, are leary of used high-performance cars, especially those with turbochargers. With the deals and interest rates on new WRX's, a brand new one with no chance of having been abused by a previous owner can be had for $50 a month more.

    Thirdly, most people expect much lower prices on used cars from private owners vs from dealers, so the NADA price is unrealistic for you. People are willing to pay higher prices from dealers because dealers can and will arrange those "easy monthly payments" and extended warrantys very conveniently--they don't have to go to their banks or credit unions and arrange financing, nor do they have to go through registration hassles at the dmv as they do when buying from a private party.

    Also, many people trade in older cars when buying late model used cars from dealers, they can't do this when purchasing privately which also limits your customer pool.

    I don't know if this is your first experience trying to sell a car privately, but it's not uncommon for it to take weeks or months to find a buyer and also to have to reduce your price a lot from NADA or Kelly Blue Book retail figures.

    To get a realistic price, try Kelly Blue Book wholesale and add a few hundred.
     
  11. Philip_G

    Philip_G Producer

    Joined:
    Nov 13, 2000
    Messages:
    5,030
    Likes Received:
    0
    KBB is

    Trade-In Value $16,415
    that's for good condition, the car is probably closer to excellent, but at least an honest good.
     
  12. Patrick Sun

    Patrick Sun Moderator
    Moderator

    Joined:
    Jun 30, 1999
    Messages:
    38,717
    Likes Received:
    463
    Have you also factored in what Edmunds says is the "value" of your particular car (and associated wear-n-tear, options)? KBB tends to be on the high side of things, and not as good an indicator of how much a car will go for. Plus, the locality of sale is a factor in what it'll sell for as well.
     
  13. Philip_G

    Philip_G Producer

    Joined:
    Nov 13, 2000
    Messages:
    5,030
    Likes Received:
    0
    Yes... I'm at least a grand below every other WRX on autotrader and in the paper. Hope she sells soon, I bought the replacement last night [​IMG]
    got a killer deal on a sentra SE-R spec V.
    I sold my altima last may or so, I ran the ad on friday and cashed the guys check on monday. I actually sold it twice over the weekend, one guy comitted but didn't give me a deposit, another guy wrote a check in full so I took it. Good thing, the first guy backed out before I could explain.
     
  14. David Preston

    David Preston Supporting Actor

    Joined:
    Mar 23, 2003
    Messages:
    698
    Likes Received:
    0
    There is probably a WRX website for WRX fans. They can probably help you. Maybe they have a friend that is looking for a used one or something.
     
  15. Tim Markley

    Tim Markley Screenwriter

    Joined:
    Jun 12, 1999
    Messages:
    1,279
    Likes Received:
    0
    If nothing else, I'd put it on EBay as a reserve auction. A lot of the "younger" crowd who know what a WRX is, use EBay.
     
  16. Philip_G

    Philip_G Producer

    Joined:
    Nov 13, 2000
    Messages:
    5,030
    Likes Received:
    0
    it's on ebay, autotrader, cars.com, and both major subaru boards [​IMG]
     
  17. Aaron Reynolds

    Aaron Reynolds Screenwriter

    Joined:
    Feb 6, 2001
    Messages:
    1,715
    Likes Received:
    1
    Location:
    Ottawa, Ontario, Canada
    Real Name:
    Aaron Reynolds
     
  18. Micheal

    Micheal Screenwriter

    Joined:
    Apr 13, 1999
    Messages:
    1,523
    Likes Received:
    0
     
  19. Philip_G

    Philip_G Producer

    Joined:
    Nov 13, 2000
    Messages:
    5,030
    Likes Received:
    0
    3 weeks or so. I'm the least expensive in the paper by well over a grand. I think it might be sold, we'll see if he comes through with financing.
     
  20. Micheal

    Micheal Screenwriter

    Joined:
    Apr 13, 1999
    Messages:
    1,523
    Likes Received:
    0
    Good luck![​IMG]
     

Share This Page