Price has me stumped
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Price has me stumped
I have a 1998 Audi A6 2.7 coupe with 142,000 miles. I had to replace the engine with a 2007 rebuilt (timing belt broke on original and toasted the original engine) and I had the front suspension replaced. Both replacements have less than 3,000 miles on them. I've decided to sell the car, but I'm stumped on what price I should ask. I listed the car on Craigslist for an asking price of $6300, but people are only offering $900 to $3000. The car is extremely clean and in California. Am I way off base to ask $6300? The engine alone is worth more than what most people are offering, or do you just receive a lot of dead-head offers from Craigslist and should I list elsewhere?
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I have a 1998 Audi A6 2.7 coupe with 142,000 miles. I had to replace the engine with a 2007 rebuilt (timing belt broke on original and toasted the original engine) and I had the front suspension replaced. Both replacements have less than 3,000 miles on them. I've decided to sell the car, but I'm stumped on what price I should ask. I listed the car on Craigslist for an asking price of $6300, but people are only offering $900 to $3000. The car is extremely clean and in California. Am I way off base to ask $6300? The engine alone is worth more than what most people are offering, or do you just receive a lot of dead-head offers from Craigslist and should I list elsewhere?
with 142k on the odometer you should expect to get a max of 5000 (if your really lucky) and average about 3500-4k
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From: Denver, CO
Unfortunately, with the economy the way it is, unless a vehicle is extremely rare they just aren't going for much. I recently paid $2,200 for my 01 A6 2.7t in perfect interior shape, 216K miles but all maintenance done by the same dealer it's whole life, last major maintenance done at 199K (TB, front links, etc.) Needed brakes - that's it.
People just don't have the money to spend right now - good for the buyer, but not so much for the seller. I'm seeing a lot of nice cars being parted out because the parts are worth more than the car...
Jim
People just don't have the money to spend right now - good for the buyer, but not so much for the seller. I'm seeing a lot of nice cars being parted out because the parts are worth more than the car...
Jim
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From: Boston, MA USA
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I wouldn't say you're way off base, but you are asking a premium price. I just paid $4800 for a '99 with similar mileage, and I felt that was too much, but I really wanted the car. I believe you are overlooking two of the basic rules of used car sales: #1. Never expect to recoup the cost of repairs you have made. It may be a selling point if your customer is looking at two similar cars, but sorry , you just don't get that money back. In fact it may cause them to be suspcious that you are selling the car so soon after investing that much money in it. It could mean the repairs were not done properly? #2. Consumers will expect a private party sale to be at least $1,000 less than book value. After all, a dealer has expenses he needs to cover, like rent, advertising, detailing, etc. plus he needs to make a few hundred bucks profit on every unit he sells just so he can eat. You on the other hand, just need to get that car out of your driveway, so in essence the buyer is doing you a favor. That said, anyone who offers you less than half what you're asking is being pretty rude, no matter how deluded he feels your asking price is. And anyone who offers $900 is just being an ***.
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