Thinking about selling. What is the true value of my car?

65straight6

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I like KBB.com as a measuring stick. Seemed to be pretty accurate when I was researching for my Cummins truck and searching for a weekend car, also right inline with everyone else’s opinion.

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65straight6

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KBB is acknowledging the insanity that is the 2020 HEPR market…


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OP
PeteH

PeteH

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I've often wondered about BaT if the cars had really completed a sale or not - meaning buyer takes ownership, not just an "online" visible sale. Seems like cars do sell on there, but does BaT not allow a realist if a car sold and say the buyer backed out or didn't come through with payment? That I don't know...
I sold my fox on BaT last fall
Buyer went through with the purchase and we had no issues
https://bringatrailer.com/listing/1993-ford-mustang-gt-5-0-convertible-8/

I would use BaT again
 


Greg35

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That is verrry low mileage car. IF no issues/body damage at all I feel you should see $60-63,000.
 

65straight6

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Seanuf99

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Basically, $61k(current price+sales tax) for a car with 26k more miles and 4 previous owners… which one would I choose 🤔 🤔
Hey I didnt say it a was a better deal. Op is in NJ. Its just a car he could use for pricing comparison in his market.
 

65straight6

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Hey I didnt say it a was a better deal. Op is in NJ. Its just a car he could use for pricing comparison in his market.
Understand; was just doing some of the mental gymnastics if I had to consider between the two..
The real question is, how did someone in the STL area end up in NJ; make a wrong turn, lose a bet??
 

Seanuf99

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Wrong turn. Hehe. My inlaws live there so was up/over for a visit. I had not been there in 6 years and had forgotten that they teach people in driver's ed there that they must honk thier horn every 3 seconds. I saw one lady get in her car at a grocery store. I swear...she laid on the horn before starting it up. Seriously though, i am more curious on where people in that part of NJ can actually drive a performance car. Probably explains the 4 owners.
 

TrackMustang

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I’d gladly pay you Tuesday for a GT350 today.
 

gone_n_60

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I was out at a Cars and Coffee for Mustangs (on National Mustang Day no less) and some of the GT 350 dudes were saying the prices are not going way up but even down a little in some spots. Possible due to ppl rather order a new Mach 1 or just the economy sucking now too. But if $60k is putting cash in your pocket maybe okay.
 

65straight6

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I was out at a Cars and Coffee for Mustangs (on National Mustang Day no less) and some of the GT 350 dudes were saying the prices are not going way up but even down a little in some spots. Possible due to ppl rather order a new Mach 1 or just the economy sucking now too. But if $60k is putting cash in your pocket maybe okay.
I’d agree that plain ole, run of the mill, boring, 350’s are not enjoying as much a bump (explosion in certain cases) in value as the R‘s but they are up several $k over this time last year.

Maybe 2022 M1’s are the cause but most (KBB 2022 New filter) are asking >$64k w/o incl sales tax.

Conclusion: buy private party 350.. (insert link to my listing here)
 

Tonymustang302

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My buddy that sells supercars told me BOT is used by car flippers to drive up prices then after the online sale, it falls through or never happens.
 

Cobra Jet

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My buddy that sells supercars told me BOT is used by car flippers to drive up prices then after the online sale, it falls through or never happens.
Yea I can kind of believe that - that's why I'm saying, how many BaT sales are truly legit - end of sale, car transferred hands? It's like the eBay example I gave earlier - car value is driven up by bidders, ends - then in another few weeks you see the same car relisted not just a 2nd time, but is now in a loop where it then gets listed over and over and over....

Some of the online consignment shops do it to exactly what you said - push the so called "value" higher but won't release it upon a end sale - because they want even more $$$ to benefit themselves. Some will even list cars that no longer exist in their inventory just to draw attraction to their business platform.

Not saying all sales on BaT, eBay or from consignments never go through - just saying there are illegitimate players out there in the field.... the selling platforms don't care, because for every list or relist, it's just more $$$ in their pockets.
 

 
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