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

 

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...

 

Yeah I have done research and found that owners have priced them between 15k and 24k, but that is a big range. I hope to go into this educated as I can.

 

the main question is how fast do you want to sell it?

 

:0

 

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.

 

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.

 

I think you have a valid point about fixing the little things...people EXPECT things to be perfect if they are paying $$$

 

Retail is irrelevant - he is not a dealer. $23k is silliness.

 

prob worth btwn 18-19k. 20k if you want to wait

 

pictures

 

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.

 

http://www.autotrader.com/fyc/search...ced=&x=140&y=5

 

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.

 

$17k would be my guess.

 

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 say 19-20k is a good asking price. u will probbably get 18,500.

 

What your perception of "what you think you might be able to get if you sold it " is irrelevant as is another forum member selling his under BB value. 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.


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.

We are talking about an excellent shape car not a POS for 20,000. Again if the car is in excellent shape they are easy to sell and I'm speaking from experience.

 

Thanks for the Econ 101 lesson.

Yes - it is an estimate based on analysis of actual sales transactions, not some Autotrader asking price eyeballing, or anecodtal evidence. 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.

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.

Again, thanks for the Econ 101 lesson. I think anyone who has used the KBB web site more than once has figured this one out.

 

u guys will have to agree on disagreeing. or whatever that saying is.

i will say though that 17k is too cheap for a mint low mileage 7 in my area.

 

How about ebay. Will I get a good price? Or is there to many scams?

 

+1

 

What? Where did you get this ? All KBB does is amortize the depreciation of the car based on make and model. They run a base formula. They don't run an analysis on all the car models and makes sold all over the U.S.


What I have found is they also know the BB value and realize it's only a ballpark estimate of what the car should be worth. When they see the cars they are willing to go much higher than BB.


We are talking about excellent condition cars here, not the average car. Excellent condition cars bring a premium. A friend recently sold an 80,000 mile car for 16,500.

 

The car I'm selling will need a front bumper and hood however it truly is in excellent overall condition. It also has approx 2k in tasteful mods.

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.

 

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