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-   -   What's this thing worth? (http://forums.pelicanparts.com/off-topic-discussions/634455-whats-thing-worth.html)

Burnin' oil 10-13-2011 09:11 AM

$2,750.

kaisen 10-13-2011 09:19 AM

The reality is..... people (average joes) are willing to pay for low miles
Is it rational? I don't think so. But how else do people quantify or rationalize it? How do they differentiate one car from another?

It won't take someone specifically searching for a mint ES300..... it will be someone that was looking at 'normal' $4000-5000 cars like 2000-2003s with 100-140K miles. Someone that sees value in the Toyota/Lexus nameplate. They see this as a one-owner, no-stories car with super-low miles and see it as a better value for their money.

I just sold a 2001 Ford Focus ZTS with 141K miles, some normal rust (for our area) and a couple dings -- pretty nice but by no means mint -- for $3500 on Craigslist. TONS of calls.

You and I (and the rest of the enthusiast community) don't think like the 85th percentile automotive <i>consumer</i>

tabs 10-13-2011 09:39 AM

One thinks that Kaisen has made his point rather well.

Let us look at usable miles. Lets say the usable life of a car is 250K.

250K - 60K = 190K

250K -120K = 130k

190K - 130K = 60K

Is the extra 60K miles worth another $1500? or .025 cents a mile?

kaisen 10-13-2011 09:49 AM

The numbers-only look at things is fine......

But a 60K mile car is also NICER than a 120K mile car. All of the little things, the condition of the leather, the engine compartment, the switches, the paint.

Useful life is part of it, but so is condition
There are exceptions, but usually the lower the miles the better the condition

Burnin' oil 10-13-2011 10:00 AM

Ok, $2760

motion 10-13-2011 10:19 AM

That car is worth $5K in SoCal all day long.

red-beard 10-13-2011 11:52 AM

Cheap bastage, get a taxi! ;)

Burnin' oil 10-13-2011 12:21 PM

Quote:

Originally Posted by NotaBRG (Post 6309091)
You guys are killing me. He hasn't even said if he'll get me from the airport yet. :D

Current bid is $2760 so it looks like Mark will be picking ME up at the airport.

masraum 10-13-2011 12:39 PM

I bet you could get $5k for that car in that condition here in Houston.

jcommin 10-13-2011 01:05 PM

The only way to tell is look at what has sold in your area. Car prices and types very depending on location. You can look at Ebay for what has sold. Use the NADA guides as most dealers (Chicago) use this. I would look at local auction 'sold' cars too.


Asking price is relative. You can ask any amount you want, it is the sold price that counts.

Rufblackbird 10-13-2011 01:26 PM

Quote:

Originally Posted by motion (Post 6309078)
That car is worth $5K in SoCal all day long.

I'd say $4-5k as well. My former manager at the Lexus dealer offered my customer $2500 trade in for his ES300 with 120k miles.

kaisen 10-13-2011 01:32 PM

Mark, is this car in Vancouver?

speeder 10-13-2011 01:50 PM

It's probably in the L.A. area.

McLovin 10-13-2011 01:55 PM

IMO $4500-$5000 is the floor for just about good condition, original, semi-luxury car (small Lexus, BMW, Mercedes, etc.) from the 90s with less than 75,000 miles on it.

Those older Lexi are an easy sell. If you put it on Craigslist in any major metro area in the morning for $4,000 with the story and a bunch of pictures, it would be gone by nightfall.

Burnin' oil 10-13-2011 02:06 PM

Tough crowd. Alright, $3,000.

LakeCleElum 10-13-2011 02:32 PM

Nigerian Seller....Beware.......I want it...I'm heading that way on my bicycle...

MBAtarga 10-13-2011 03:21 PM

I'll gladly send you a check for your item in advance. I'm on vacation however and won't be able to complete the transaction myself. In good faith, I will add $2000 extra for your trouble, as I will need you to assist my shipping agent. He will arrive to pick up the car - just present him the keys and a check for half of the extra amount I've provided - and you keep the extra $1000.

LeeH 10-13-2011 03:28 PM

Having helped people who are looking for a $3000 car shop, I'd guess $4-5K. Get on your local Craigslist. Go to the private party section and set the price range to $3000 then show me the car you'd buy for your daughter to drive to school.

Dottore 10-13-2011 07:24 PM

Quote:

Originally Posted by kaisen (Post 6309414)
Mark, is this car in Vancouver?

Yes.

Heel n Toe 10-13-2011 07:47 PM

With a speedometer in KMH? None of these guys are gonna want that. Too confusing... they want to be able to take it out on the interstate, open it up, and brag to their buds.

Sell it up there.

Why are you bothering this board with this anyway? We don't know nuthin' 'bout no Canadian cars.
:D


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