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Price to sell my car for? High miles

This is my 95 sebring LXi coupe. Good car and has served me well, but I am getting a new car.


CIMG0941.jpg


The body itself is in good condition and the engine is sound. Only things it needs is new wheel bearings and struts.

It has 260, yes you read right, 260,000 miles.

Once again, engine runs perfect, tranny is good, etc.

Has some generic 17" rims, infinity stock stereo, inside is clean, etc.

Not expecting to get much at all (KBB says $1200), maybe $300-500?

Help?
 
If a car runs, you can get $1000 for it. In all likelihood you could probably ask $1500-2000 if it's good condition, high miles or no. The used market is ridiculous these days. Everybody thinks their beater is a special snowflake.
 
With no obvious mechanical problems, it should still fetch $1000 easily. Shoot for $1500 and be willing to go down $300 or so depending on how much interest you get. I would also list it as "high miles" rather than the exact mileage, and then disclose the full truth upon inquiry.
 
Based on what I see on craigslist these days, if someone pays more than $800 they are crazy. Does it have the 2.0 4 cylinder or 2.5 v6? You sure it doesn't need springs too? How many wheel bearings does it need, they're usually almost $100 a piece in parts alone. How are the tires? What part of the country do you live in?

IMO there are just too many things that can go wrong any minute on something like this.
 
If a car runs, you can get $1000 for it. In all likelihood you could probably ask $1500-2000 if it's good condition, high miles or no. The used market is ridiculous these days. Everybody thinks their beater is a special snowflake.
I agree with that. The car is ancient as sh*t with a crapton of miles, but if it runs well we can see its body is quite good. Struts you can go indefinitely without new ones basically although the wheel bearings are a problem. I would not take less than a grand for it.

And any buyer talking about kelly bluebook spit in their face; KBB means nothing at all. It's worthless.

BTW you put it on craigslist and you'll have a LOT of riff raff idiots inquiring. I'd spend the $30 to put it in the local paper (autotrader also sucks, BTW).
 
The KBB of $1200 was in poor condition if that helps...

Anything with that many miles IS in poor condition, no matter how it looks.


That said, price it high....if you don't get anyone looking you can always come down. Can't go back up once you're negotiating with someone. Always start it high.

I always assume that most folks are going to WANT to 'talk me down' some percentage of what I'm asking for a car, so I price it that much higher, accordingly....so when I "give in" and come down to their offer, I'm actually getting what I wanted for the car to begin with......and they think they've gotten a better deal. I've found that very often if you ask a fair price and don't leave room to negotiate, you'll have a harder time selling. Not always, but often.
 
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With no obvious mechanical problems, it should still fetch $1000 easily. Shoot for $1500 and be willing to go down $300 or so depending on how much interest you get. I would also list it as "high miles" rather than the exact mileage, and then disclose the full truth upon inquiry.

I would just disclose the actual mileage. I've also done a "the good" list and "the bad" list.
Example
Good:
Paint
Tires
A/C
Heat
Power windows/locks
Engine
Transmission
etc.

Bad:
Needs wheel bearings
AC doesn't work
Radio doesn't work...

Whatever fits your car. This worked for me and the last car that i sold on Ebay had a major transmission fluid leak coming from every seal.
 
Any running pos is worth at least $1000, if it's got decent paint, not smoking, and the ball joints are not ready to fall out $2000 is not an unreasonable starting point.
 
Start it at $2000 (too high), leave yourself ample room to be negotiated. There's a pretty good chance that whoever buys it will try to haggle you down some... Unless you're only asking a few hundred bucks, in that case I think most people just take it as is.

It still looks good, so if it runs good too and there isn't an imminent major catastrophe... Try and get the most for it. Why not?
 
This isn't real estate where there is a record of how long you've had it for sale. Start high and move it lower as you get more desperate to sell.
 
I agree with some of the others, you can probably get $1000 for it.

I got $2000 for my Accord with 242K on it, and its exterior was in way worse shape than yours.
 
Anything with that many miles IS in poor condition, no matter how it looks.


That said, price it high....if you don't get anyone looking you can always come down. Can't go back up once you're negotiating with someone. Always start it high.

I always assume that most folks are going to WANT to 'talk me down' some percentage of what I'm asking for a car, so I price it that much higher, accordingly....so when I "give in" and come down to their offer, I'm actually getting what I wanted for the car to begin with......and they think they've gotten a better deal. I've found that very often if you ask a fair price and don't leave room to negotiate, you'll have a harder time selling. Not always, but often.

Mine has over 250k. See sig (on right). 😉

But yeah, your typical car with 260k..stuff going wrong is expected. $1k for a running drivable car seems perfectly reasonable, though - IMHO.
 
A chrysler with 260k miles is a factory defect, it was designed to only run half that many miles. I'd keep it and see how much farther you could drive it, just for bragging rights if nothing else.

Right now isn't exactly the best time for most people to be buying a new/used car, unless the car they they have is going to cost more to keep running than it is worth, people aren't selling used cars. What I'm getting at is that most used cars have known problems and that's why they are for sale, chances are the seller isn't going to advertise that his Honda with "low" miles (180K) needs a new transmission. If you can advertise the car honestly as working with few problems and convince people that other cars are almost guaranteed to have problems at 2-3x the price while yours has no known problems other than a few maintenance issues I don't think you'd have a hard time getting $1200.
 
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