I need some help pricing my R1 for sale
#1
Junior Member
Thread Starter
Join Date: Feb 2006
Location: San Jose
Posts: 6
Likes: 0
Received 0 Likes
on
0 Posts
I need some help pricing my R1 for sale
I need some help pricing my R1 for sale as I have a baby (!) on the way.
I do not think Kelly Blue book is a good guide for this car. I will list it in ~a week. It is a 1993 R1, Red, Stock, stright and clean CA car with no mods, and 42k. The car is very excellent condition. Original everything including engine, etc, except for tires, oil, you get the idea.
Problems, original radio does not work on FM and astray has a crack.
Let me know what I should price it at.
thanks
I do not think Kelly Blue book is a good guide for this car. I will list it in ~a week. It is a 1993 R1, Red, Stock, stright and clean CA car with no mods, and 42k. The car is very excellent condition. Original everything including engine, etc, except for tires, oil, you get the idea.
Problems, original radio does not work on FM and astray has a crack.
Let me know what I should price it at.
thanks
#2
Super Moderator
iTrader: (148)
This is going to sound harsh, but you need to spend some time looking at cars that have sold in the 3rd gen "cars for sale" section. That will give you a good idea of what they are currently selling for.
By asking your question, you are just going to get opinions...
Do some research...
By asking your question, you are just going to get opinions...
Do some research...
#6
Eats, Sleeps, Dreams Rotary
iTrader: (14)
The KBB value is $18k in excellent condition, which is about right if your car really is in excellent condition. Few cars (particular FDs) are : paint and interior should be like new, all maintenance should be current, newish tires etc. and you need to replace the ashtray and radio. $16k to $17k is probably more realistic.
I bought a 1993 minty black R1 with 44k miles for $16.4k in the bay area two years ago. You could list for $20k+ as some people do in this area, but I'm not sure it would ever sell.
I bought a 1993 minty black R1 with 44k miles for $16.4k in the bay area two years ago. You could list for $20k+ as some people do in this area, but I'm not sure it would ever sell.
#7
rotary sensei
iTrader: (5)
Join Date: Mar 2001
Location: Virginia
Posts: 2,312
Likes: 0
Received 0 Likes
on
0 Posts
In your zipcode are the retail for the car is...
Condition Value
Excellent
$21,405
Suggested Retail Value Assumes Excellent Condition...
Excellent
$21,405
"Excellent" condition means that the vehicle looks new, is in excellent mechanical condition and needs no reconditioning. This vehicle has never had any paint or body work and is free of rust. The vehicle has a clean title history and will pass a smog and safety inspection. The engine compartment is clean, with no fluid leaks and is free of any wear or visible defects. The vehicle also has complete and verifiable service records. Less than 5% of all used vehicles fall into this category.
* California 10/30/2006
I'd fix the imperfections and replace the tires with nice performance brand rubber. Id ask 23,000 as you can always go down but not up. Be honest with the potential buyers as well.
Condition Value
Excellent
$21,405
Suggested Retail Value Assumes Excellent Condition...
Excellent
$21,405
"Excellent" condition means that the vehicle looks new, is in excellent mechanical condition and needs no reconditioning. This vehicle has never had any paint or body work and is free of rust. The vehicle has a clean title history and will pass a smog and safety inspection. The engine compartment is clean, with no fluid leaks and is free of any wear or visible defects. The vehicle also has complete and verifiable service records. Less than 5% of all used vehicles fall into this category.
* California 10/30/2006
I'd fix the imperfections and replace the tires with nice performance brand rubber. Id ask 23,000 as you can always go down but not up. Be honest with the potential buyers as well.
Trending Topics
#9
Eats, Sleeps, Dreams Rotary
iTrader: (14)
Originally Posted by Mr rx-7 tt
In your zipcode are the retail for the car is...
I'd fix the imperfections and replace the tires with nice performance brand rubber. Id ask 23,000 as you can always go down but not up. Be honest with the potential buyers as well.
I'd fix the imperfections and replace the tires with nice performance brand rubber. Id ask 23,000 as you can always go down but not up. Be honest with the potential buyers as well.
#12
rotary sensei
iTrader: (5)
Join Date: Mar 2001
Location: Virginia
Posts: 2,312
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by moconnor
Retail is irrelevant - he is not a dealer. $23k is silliness.
#14
Cheap Bastard
iTrader: (2)
A guy I know recently sold his MB FD for 19K (in central Ca.). It had an M2 stage 3 kit, and a vented hood. I believe it had about 100K and an original engine. Your car should be worth more.
How quickly you have to sell it is a big factor. If you have a few months, start at $22-24K. You can always come down if it doesn't sell right away. A low mileage stock FD should bring a nice price. Replace the ashtray. You should be able to get a nice one in the 3rd gen parts section for $40-50.
How quickly you have to sell it is a big factor. If you have a few months, start at $22-24K. You can always come down if it doesn't sell right away. A low mileage stock FD should bring a nice price. Replace the ashtray. You should be able to get a nice one in the 3rd gen parts section for $40-50.
#16
Eats, Sleeps, Dreams Rotary
iTrader: (14)
Originally Posted by Mr rx-7 tt
Not the case. Friend sold his for 23,000 recently here with similar mods. San Jose is a far more affluent area he should be able to sell it even easier. It just takes the right buyer.
I does not matter how wealthy this area is - everybody knows about blue book values and few people are stupid enough to pay much above them.
$20k+ FDs sit on Autotrader for months (and sometimes years). When I bought my 44k FD for $16.4k two years ago there were lots of FDs on Autotrader in poor condition with double the miles for $20k+. I ignored them like pretty much everybody else does. I guess there is always the possibility of an uninformed buyer coming out of the woodwork and paying well above market, but it could be a long wait.
#18
rotary sensei
iTrader: (5)
Join Date: Mar 2001
Location: Virginia
Posts: 2,312
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by moconnor
My 1993 R1 currently has 49k miles. If I though that I could get close to $23k for it in this area I'd sell it in a minute, buy Fritz's 25k mile FD[/url] for $16k and put $7k in the bank. And while Fritz usually prices slightly under market to sell quickly, even an equivalent car for $18k would make a nice $5k bonus.
Originally Posted by moconnor
I does not matter how wealthy this area is - everybody knows about blue book values and few people are stupid enough to pay much above them.
Type in different zip codes in the Kelley BB site and you get different values on the exact same car.
Originally Posted by moconnor
$20k+ FDs sit on Autotrader for months (and sometimes years). When I bought my 44k FD for $16.4k two years ago there were lots of FDs on Autotrader in poor condition with double the miles for $20k+. I ignored them like pretty much everybody else does. I guess there is always the possibility of an uninformed buyer coming out of the woodwork and paying well above market, but it could be a long wait.
#19
Eats, Sleeps, Dreams Rotary
iTrader: (14)
Originally Posted by Mr rx-7 tt
It's what the market will bear. It's simple supply and demand.
The BB is just an estimate nothing more.
I and my friends have sold many 93-95's over the past years and were able to get 5 to 7 thousand over bb value and that's fact.
If you look through the classifieds on this board you will find a fairly regular supply (2-3 a month) of clean 40k mile or so FDs for ~$17k. If I though I could sell these for $23k in the Bay Area I'd buy and ship every one I could find (shipping costs about $1k) and make $50k a year in pocket money.
Wrong. Higer disposable incomes mean more money to spend on other products.
Type in different zip codes in the Kelley BB site and you get different values on the exact same car.
Type in different zip codes in the Kelley BB site and you get different values on the exact same car.
#23
rotary sensei
iTrader: (5)
Join Date: Mar 2001
Location: Virginia
Posts: 2,312
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by moconnor
Yes - it is an estimate based on analysis of actual sales transactions, not some Autotrader asking price eyeballing, or anecodtal evidence.
Originally Posted by moconnor
I've bought and sold about eight cars over the past six years (I currently have four and am trying to get it down to two) and have found KBB values to be the most accurate reflection of what the market will bear, supply and demand, yadda, yadda. And pretty much every prospective buyer who responds to any ad I have posted is fully aware of blue book value and are loathe to pay more. And lending institutions use these values when giving a loan for a car so they have a huge influence on what people can borrow to buy a car.
Originally Posted by moconnor
I'm going to have to take your word on this. Values reported in threads on this board discussing what people paid for their FDs generally track blue book. Of course, perhaps people who paid $7k above it are too embarassed to post.
If you look through the classifieds on this board you will find a fairly regular supply (2-3 a month) of clean 40k mile or so FDs for ~$17k. If I though I could sell these for $23k in the Bay Area I'd buy and ship every one I could find (shipping costs about $1k) and make $50k a year in pocket money.
If you look through the classifieds on this board you will find a fairly regular supply (2-3 a month) of clean 40k mile or so FDs for ~$17k. If I though I could sell these for $23k in the Bay Area I'd buy and ship every one I could find (shipping costs about $1k) and make $50k a year in pocket money.
Last edited by Mr rx-7 tt; 10-31-06 at 10:03 PM.
#24
All out Track Freak!
iTrader: (263)
Join Date: Jul 2001
Location: Charlottesville VA 22901
Posts: 10,672
Received 412 Likes
on
250 Posts
Originally Posted by moconnor
My 1993 R1 currently has 49k miles. If I though that I could get close to $23k for it in this area I'd sell it in a minute, buy Fritz's 25k mile FD for $16k and put $7k in the bank. And while Fritz usually prices slightly under market to sell quickly, even an equivalent car for $18k would make a nice $5k bonus.
I does not matter how wealthy this area is - everybody knows about blue book values and few people are stupid enough to pay much above them.
$20k+ FDs sit on Autotrader for months (and sometimes years). When I bought my 44k FD for $16.4k two years ago there were lots of FDs on Autotrader in poor condition with double the miles for $20k+. I ignored them like pretty much everybody else does. I guess there is always the possibility of an uninformed buyer coming out of the woodwork and paying well above market, but it could be a long wait.
I does not matter how wealthy this area is - everybody knows about blue book values and few people are stupid enough to pay much above them.
$20k+ FDs sit on Autotrader for months (and sometimes years). When I bought my 44k FD for $16.4k two years ago there were lots of FDs on Autotrader in poor condition with double the miles for $20k+. I ignored them like pretty much everybody else does. I guess there is always the possibility of an uninformed buyer coming out of the woodwork and paying well above market, but it could be a long wait.
I've had it listed at 17k and needing nothing so the market is not as rosey as some like to think. Not one person has even looked at or test driven this car and it looks and drives fantastic along w/ being priced under most of the low mileage FDs I see for sale.
I bought the car for 18,400 w/ 22k miles and partially parted it and it had some decent upgrades. I think Eric had it listed for atleast 6 months without much interest. I've owned atleast 5 low mile FDs and this one is VERY nice. My point is the market is not receptive to 20k and up priced FDs unless they are spectacular and your neighbor happens to like that model and color.
I've sold lots of FDs and it's never easy but neither is selling any used car. It takes patience and also you must be willing to bend on the price. I usually start low enough that the bending is slight to nill.
Everybody has a story of someone selling one high or getting one low but overall the current market is not very receptive. Interest rates are climbing, it's winter, the car is attracting a lower income group and it's frikken 13 years old so you can't expect someone to pay 2/3s of what the car cost 13 years later
Sellers need to get real and buyers need to understand that a clean 7 is worth over 15k and a molested beat up 7 is not very valuable despite the fact that it may have a single turbo that's probably leaking oil, rubbing on everthing in the engine bay, can't control boost, not tuned well etc...etc...Most modifications don't add value. When you add your single laggy ***, bushing wearing, engine blowing, tire spinning, loud, single turbo you remove a very nice fun to drive reliable setup. Usually when someone goes single the twins weren't working properly in first place and the turbo and solenoids were worn out so the owner saved money going single so why the **** is that worth more. If it's a street driven 7 you're better off with the twins in well maintained car.
Anyway sorry for the rant but IMO if you want to sell it fast 15k, in the spring 17k, get lucky 20k and that's if it's clean and running perfectly.
#25
Eats, Sleeps, Dreams Rotary
fritz i do agree. i was going to sell my car. It has50k miles on it, it is very tasteful modded full bolton car making 360rwhp with a completely stock exterior, and has really been the MOST RELIABLE car that i have owned. there isnt a scratch on the car. its a truly amazing example. the pictures i posted showed just how clean the car is. i have been around alot of fds for the past 13 yrs and havent seen many like mine.
Never the less offered at 19500 then 19000 it wasnt getting serious buyers. it pissed me off to see guys would rather spend 16-17k on a piece of **** then my car. The problem is that most buyers were 17yrs old and didnt have much experience in buying a used car. Given the rarity and i guess the negtive reputation of these cars i just didnt understand how guys could go after a piece of **** thats on its 3rd gen vs a clean meticulously maintaned car. In the end i decided to keep it. their loss not mine
Never the less offered at 19500 then 19000 it wasnt getting serious buyers. it pissed me off to see guys would rather spend 16-17k on a piece of **** then my car. The problem is that most buyers were 17yrs old and didnt have much experience in buying a used car. Given the rarity and i guess the negtive reputation of these cars i just didnt understand how guys could go after a piece of **** thats on its 3rd gen vs a clean meticulously maintaned car. In the end i decided to keep it. their loss not mine