| WarpSpeed |
Need some help. Thinking of trading in my 2002 for a 2003/4.What do you think my 2002 is worth. This is a description of my MDX:
2002 MDX Base, 34,000 miles,Granite green,wood steering wheel,wood trim,all season floor mats,Cargo cover,cargo net,body side moldings,moon-roof visor, side steps,splash guards,wheel locks, leather armrest cover.
PLUS these bonuses!!!
*6 Year 100,000 mile extended warranty. Worth $1200.00
*Entertainment system: Worth $1500.00
9 inch icon drop down screen. Great, Great picture.
Icon DVD player with T.V tuner.
2 head phones.
Game-port behind the center console. |
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| paul123 |
2002 Acura MDX 4 Dr STD 4WD SUV
$28,010 - Trade-In
$29,443 - Private Party
$31,830 - Dealer Retail
These are as per Edmunds.com
There was a minus for the color and mileage, but I'm sure you can get a little higher with your add-on's |
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| BarryH |
| If it helps, I was asking $32.5K for my '01 Touring/Navi with 15K miles on it. It was on the market for about a month private party and I got a lot of calls but it didn't sell. My dealer ended up buying it from me for the lease payoff which was $32K. Good luck - you need a lot of patience dealing with prospective buyers when selling it yourself. |
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| Dale MDX |
I think selling an expensive car yourself is a little like selling a house without a realtor. It's great in concept and sometimes works well. However, buyers of expensive things for some reason often want their hands held throughout the process. In the For Sale By Owner deals, buyers seem to feel uneasy, like they are getting ripped off even when they're not. With a Realtor for a house sale, it somehow adds legitimacy to the process. The same holds for a car dealer for an expensive purchase. Maybe somehow a buyer deep down believes that the dealer wouldn't have the car on the lot if it wasn't a great car. Also, some buyers think that the owner of the car (or house) isn't going to be impartial (like the dealer will be?), and they feel nervous dealing with them directly.
Where I live, I've seen many cases of people putting a FSBO sign in front of their house. It sits there like that for about 2 months. Then they give up and hire a Realtor. It sells within days, even though the price went up to more than cover the Realtor's fee. It isn't completely logical, but that's what happens over and over.
Also, in many states, if you trade your used car, you get a sales tax credit. If you sell privately, you don't, unless you have a cooperative dealer that will do a "courtesy trade", thereby writing up the sale as if it were a trade-in even though you found the buyer. (Sales tax credit example: New car price $40K, trade in $30K, you pay sales tax on $10K instead of $40K). So that sales tax credit, when applicable, can easily make up the difference between a dealer trade and private sale price, in a state with high sales taxes.
I'm not against by-owner selling, however. It's just sometimes hard to find a buyer up in the price ranges of an MDX. |
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| ostrowc |
quote:
Originally posted by Dale MDX
I think selling an expensive car yourself is a little like selling a house without a realtor. It's great in concept and sometimes works well. However, buyers of expensive things for some reason often want their hands held throughout the process. In the For Sale By Owner deals, buyers seem to feel uneasy, like they are getting ripped off even when they're not.
I would tend not to agree with that. There is no guarantee that buying from a dealer is any better than a private sale. After all, the dealer needed to obtain that car as well.
As for the buying "expensive" things, its true that a people might have the tendency to buy from the dealer and not be bothered with the hasle of private sales, but there are just as many people out there that will bother and try to get a somewhat better deal. Anyone buying things outright might be either complacent or have too much $$$ in their pocket, which in this case does not apply.
Just my 2 cents worth. |
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