What's it worth?

[Rocket36]

Dec 2008 MY09 R36, Biscay Blue, Roof, Nav, Tint, 16,000km.

Red Book says $48k - $53k but I have less than half the avg kms it bases that on.

I may have a 2 year deal overseas coming up and be interested in selling but I normally just trade in my cars after a year or two so have never had to do the whole selling thing.

[Dr Block]

Dec 2008 MY09 R36, Biscay Blue, Roof, Nav, Tint, 16,000km.

Red Book says $48k - $53k but I have less than half the avg kms it bases that on.

I may have a 2 year deal overseas coming up and be interested in selling but I normally just trade in my cars after a year or two so have never had to do the whole selling thing.

Rocket...your car is worth whatever someone is willing too pay for it.

[Rocket36]

No sh*t! But I've never seen a car ad that had "For Sale - Whatever You're Willing to Pay".

[sloutch]

No sh*t! But I've never seen a car ad that had "For Sale - Whatever You're Willing to Pay".

LOL! Nice one there. Honestly, i feel that redbook tends to under price the value of the car by a fair bit. Your car will probably be worth at least the mid $50s easy.

[Rocket36]

Cool... Was thinking of starting at $61,000ono and going from there. IF this overseas thing were to happen in the next few weeks.

[111]

$61,000 is way too high, id say 55k is a better starting price......

[Rocket36]

I didn't say $61,000. I said $61,000ono. If I got $55,000 for it, great. If got $53,000 for it, great.

In order to maximise their price, a seller should always start too high - or at least more than they're willing to accept. That way of there is someone willing to pay it - it's a win win situation. Anyone can make any offer at any time and if there are no offers or interest, you just roll the price back until you're either no longer willing to sell (price too low) or you get someone willing to buy.

Hence my comment "Was thinking of starting at $61,000ono and going from there."

I recently sold a property for $15,000 less than the initial advertised price but still got more than I was willing to sell it for had there been no interest...

[Spilledprawn]

But if you start too high, you get no interest and the sale goes cold. Cars that sit on carsales for a long time are very noticeable, people watch it and when you drop the price to get interest they know you are starting to get desperate.

Start a couple of grand over what you're willing to accept for bargaining room. Bear in mind that you are in a much better position with 5 buyers interested at your asking price, rather than no buyers at 2 grand over.

Redbook is typically a few grand under market value.

[Jarred]

depends how long you're willing to try and sell it for, and how many others are for sale (and what they're asking for them)

I wouldn't suggest having a starting price that's say 5K or more above the competition, cause then it makes your car seemed overpriced, and get less interested.

If you're in a hurry to sell it, whack a lower price on it, and get it out of there, but if you have the time, you should be able to 'hold out' a higher price for longer, and you'll hopefully find a buyer who'se willing to pay the extra for the lower Kms etc etc etc

just my two bob.

[Rocket36]

Actually that's a good point Jarred. I haven't even checked what's around. That's one of the best indicators.