Yesterday afternoon I was excited to hear that Harry had gotten a call from people interested in our car. We made plans for them to come over to the house last night after we got home from work. Turned out to be just a nibble and not a bite though. They looked at the car, and took it for a test drive. Seemed to like it. But I guess the price was a sticking point. We have it priced at $12.5. Before we priced it, I checked out NADA and Kelley Blue Book. It has a couple little dings so we priced it a little under what those two sites gave for the value. Plus I have a year and a half/40k miles of my extended warranty that can be transferred to the new owner. But these people had checked the value on Edmunds, and said the value was less than what we had it priced for. They said they would “keep it in mind.” OK, I won’t hold my breath. 
So, after they left, I pulled up Edmunds.com and checked it there. Edmunds gives the value as a little more than 2k less than the other two sites. That makes no sense to me. Shouldn’t they all be in the same ballpark? While I was looking, I noticed that Edmunds has a search engine feature where you can look for cars for sale in the area. So I did a search of 2006 Hondas around here, and said I was looking to pay $8k to $15k. It pulled up 6 of them. The lowest was $11980, and the highest was $14900. So we seem to be right where we should be. I still don’t get that value though.
Other than that, yesterday was a normal and busy day at work. We are down one desk person due to a promotion, so let’s just say the days have been going by fast!
I have pictures from our get together with Phyllis and Len on Sunday, but I haven’t uploaded them to the computer yet. I will try to get to that tomorrow.
Have a great day everyone!
Wishing you luck on selling your car!!!It doesn't make any sence at all...
ReplyDeleteHave fun
Donna
no matter what the price point is..someone is always looking for deal..they say to offer thirty percent of the asking price to start with and go from there!..I know that doesn't help when you are on the selling end!..but if you are a buyer??..good luck with the sale of the car!!..someone will come along that loves it!!
ReplyDeleteYou are in no big hurry - patience is the key. I know, I know, some times that is REALLY hard.
ReplyDeleteMy son and I sold used cars for a while here in Kansas City. Its a Honda, and there are very few used Hondas on the market unless they are all beat up coming off of lease somewhere. You just do not have to low ball the car to get it sold. Maybe go get the dings fixed and keep the high price. That's what we did, buy them coming off of lease and get the body rash fixed and then sell them for the higher end of the price range once they looked nice. Rod
ReplyDeleteFrom a buyers point of view, if they are not in a hurry either, they are going to make noises about your price being to high. Fair market value = what a willing, qualified buyer will pay and a non stressed seller will accept. The book values are just guide lines.
ReplyDeleteGood luck with the next one.
From what I've heard, Hondas have the highest resale value. Stand firm! Cars are easier to sell than houses :)
ReplyDelete