S2000 Talk Discussions related to the S2000, its ownership and enthusiasm for it.

Official Is This Car Worth It Thread vol 3

Thread Tools
 
Old Mar 2, 2017 | 04:43 AM
  #781  
maranelloboy05's Avatar
Member (Premium)
15 Year Member
Photogenic
Liked
Loved
 
Joined: Jan 2010
Posts: 1,763
Likes: 149
From: Austin, TX
Default

Originally Posted by elvis14
Hope it's OK to ask about the car I have for sale:

2006 Laguna Blue Pearl S2K. 49,000 miles on it in Raleigh, NC. Two things are not stock: wheels (TSW Nurburgring - Gunmetal with mirror cut face) and springs (Eibach) - changed by previous owner. A few facts:

- front tires, new
- rear tires, needed
- paint - lots of little rock chips
- top - has 4 small tears that have been repaired, probably need to be repaired better
- no accidents, only has one small ding and it's in the shop today having that removed by a reputable paintless dent removal place. As far as I know all VIN's match
- front lip is scratched up (very bottom of car not the bumper the lower lip - curb)

Based on what I was seeing on Autotrader, I asked $20,500. I have a prospective buyer who wants to work off of KBB and TMV so he's offering much less (around $15,500). So I've consistently seen a gap between what KBB and TMV list and asking prices. When I did an autotrader search the average asking price for 2006's was around $23k. Just saw a link on here for black book and it lists a car in average shape at $18,200 and clean as $20,600

Is my asking price out of line? I never expect to get full asking price for a car but I was a bit surprised to be offered 75% and haven't responded yet. Just as I don't expect to get full asking price, I'm guessing he doesn't expect for me to accept an offer off by $5k. I just started trying to sell and based off his initial offer I have my doubts that we can find a middle ground that'll make me happy. If I'm being unreasonable in my expectations, however, I'd love to know so I don't waste my time and his (he's out of town).
Too bad you didn't list it a few weeks ago, I would have taken it in a second.
Reply
Old Mar 2, 2017 | 06:01 AM
  #782  
elvis14's Avatar
 
Joined: Feb 2012
Posts: 52
Likes: 0
From: Raleigh, NC
Default

Originally Posted by maranelloboy05
Too bad you didn't list it a few weeks ago, I would have taken it in a second.
I started last week by just posting on some free things like Craigslist, a mailing list at work, Nextdoor neighborhood app. Next week, I'll do more including some paid spots like here and autotrader. That's one of the reasons I wanted to sanity check myself so I don't post something unreasonable to a wider, and in the case of this site more knowledgeable, audience. I replied back to the guy and told him I wasn't willing to take 25% off my asking price the first week I've posted it for sale. It'll be interesting to see what kind of a response I get today.
Reply
Old Mar 2, 2017 | 06:55 AM
  #783  
jsenclosure's Avatar
Member (Premium)
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Nov 2010
Posts: 6,326
Likes: 206
From: Ballston Spa, NY
Default

Originally Posted by elvis14
Hope it's OK to ask about the car I have for sale:

2006 Laguna Blue Pearl S2K. 49,000 miles on it in Raleigh, NC. Two things are not stock: wheels (TSW Nurburgring - Gunmetal with mirror cut face) and springs (Eibach) - changed by previous owner. A few facts:

- front tires, new
- rear tires, needed
- paint - lots of little rock chips
- top - has 4 small tears that have been repaired, probably need to be repaired better
- no accidents, only has one small ding and it's in the shop today having that removed by a reputable paintless dent removal place. As far as I know all VIN's match
- front lip is scratched up (very bottom of car not the bumper the lower lip - curb)

Based on what I was seeing on Autotrader, I asked $20,500. I have a prospective buyer who wants to work off of KBB and TMV so he's offering much less (around $15,500). So I've consistently seen a gap between what KBB and TMV list and asking prices. When I did an autotrader search the average asking price for 2006's was around $23k. Just saw a link on here for black book and it lists a car in average shape at $18,200 and clean as $20,600

Is my asking price out of line? I never expect to get full asking price for a car but I was a bit surprised to be offered 75% and haven't responded yet. Just as I don't expect to get full asking price, I'm guessing he doesn't expect for me to accept an offer off by $5k. I just started trying to sell and based off his initial offer I have my doubts that we can find a middle ground that'll make me happy. If I'm being unreasonable in my expectations, however, I'd love to know so I don't waste my time and his (he's out of town).
You're right on the money at 20,500. KBB is way off on our cars
Just for reference, i looked up your car on the MMR report (dealer auction). The closest one i can find, A car with higher miles 58,603 to be exact, sold in November for 17,300. That's what a delaer paid, in November. I don't see you having any problem getting 20,500 for your car if it's in good shape. Now, needing a top is going to ding your price by maybe another 1000-1500, and rock chips could hurt a little too. But i think you are asking a reasonable price and personally i wouldn't budge much.
Reply
Old Mar 2, 2017 | 07:30 AM
  #784  
elvis14's Avatar
 
Joined: Feb 2012
Posts: 52
Likes: 0
From: Raleigh, NC
Default

Originally Posted by jsenclosure
You're right on the money at 20,500. KBB is way off on our cars
Just for reference, i looked up your car on the MMR report (dealer auction). The closest one i can find, A car with higher miles 58,603 to be exact, sold in November for 17,300. That's what a delaer paid, in November. I don't see you having any problem getting 20,500 for your car if it's in good shape. Now, needing a top is going to ding your price by maybe another 1000-1500, and rock chips could hurt a little too. But i think you are asking a reasonable price and personally i wouldn't budge much.
Thanks, I really appreciate the feedback. The top has 4 small tears (3 in the normal locations) which have been patched (at least 1 of which I need to rework). The worst of the tears was there when I bought the car 5 years ago. I was sure I was going to replace the top...I never did but I understand it's a bargaining chip and I wouldn't be surprised if a new owner did go ahead and install a new top. Frankly, that would look fantastic!!
Reply
Old Mar 2, 2017 | 09:45 AM
  #785  
lookstoomuch's Avatar
5 Year Member
Photogenic
Liked
Loved
 
Joined: Oct 2016
Posts: 507
Likes: 28
From: North Chicago Suburbs
Default

FWIW I have a receipt from PO of my car for $1500 + tax to do a top replacement and I recently had my bumper fixed and resprayed for $250, although I removed the bumper and dropped it off at the shop so that may have saved me some money not sure. Anyway, couple of data points for you.
Reply
Old Mar 2, 2017 | 10:38 AM
  #786  
NFR-S2k-'s Avatar
Registered User
 
Joined: Nov 2015
Posts: 529
Likes: 4
From: Tallahassee, FL
Default

Originally Posted by elvis14
Thanks, I really appreciate the feedback. The top has 4 small tears (3 in the normal locations) which have been patched (at least 1 of which I need to rework). The worst of the tears was there when I bought the car 5 years ago. I was sure I was going to replace the top...I never did but I understand it's a bargaining chip and I wouldn't be surprised if a new owner did go ahead and install a new top. Frankly, that would look fantastic!!
I agree I wouldn't budge much more off 20k. Kbb doesn't account for the rarity of lbp or desirability of gpw, both of which pull a couple thousand dollar premium over other colors. I always subtract 1k from the price of a car that needs a new top but a sub 50k mile s2 on autotrader seems to go for 23-25k so I think your price is very fair already. Worst case id say you come down to 19k to cover the price of a new top for the buyer.
Reply
Old Mar 2, 2017 | 05:40 PM
  #787  
elvis14's Avatar
 
Joined: Feb 2012
Posts: 52
Likes: 0
From: Raleigh, NC
Default

Originally Posted by lookstoomuch
FWIW I have a receipt from PO of my car for $1500 + tax to do a top replacement and I recently had my bumper fixed and resprayed for $250, although I removed the bumper and dropped it off at the shop so that may have saved me some money not sure. Anyway, couple of data points for you.
Thanks, that's helpful. If the condition of the top prevents me from selling it, I'll replace the top and either ask for more $$ or get more firm in my negotiations.
Reply
Old Mar 6, 2017 | 01:48 PM
  #788  
abalagurak's Avatar
10 Year Member
 
Joined: Dec 2013
Posts: 84
Likes: 0
Default

Found a 2004 about 7 hours from me but I'm willing to make the drive if the car checks out. Clean title with 89k on the clock. Carfax says 1 owner. It was involved in a rear end in 2009 and they never repainted the rear bumper. Wheels are curbed too and the interior isn't in the very best condition. Seats aren't ripped but worn. The top looks decent though. Their list price is $13,500. Would a car like this be worth it? It's an attractive price for an ap2 but I know those things would bother me so I would fix them asap. You guys think I have any room to possibly go down?
Reply
Old Mar 7, 2017 | 08:09 AM
  #789  
879's Avatar
879
Registered User
 
Joined: Jul 2016
Posts: 191
Likes: 9
From: Kansas City
Default

Originally Posted by abalagurak
Found a 2004 about 7 hours from me but I'm willing to make the drive if the car checks out. Clean title with 89k on the clock. Carfax says 1 owner. It was involved in a rear end in 2009 and they never repainted the rear bumper. Wheels are curbed too and the interior isn't in the very best condition. Seats aren't ripped but worn. The top looks decent though. Their list price is $13,500. Would a car like this be worth it? It's an attractive price for an ap2 but I know those things would bother me so I would fix them asap. You guys think I have any room to possibly go down?
I think many of us would need to see pictures, the price is fair..ish.
Reply
Old Mar 7, 2017 | 08:26 AM
  #790  
Nerd-Vol's Avatar
5 Year Member
Liked
Loved
Community Favorite
 
Joined: Mar 2016
Posts: 432
Likes: 35
Default

Originally Posted by 879
I think many of us would need to see pictures, the price is fair..ish.
Yeah, more info and pictures are needed. An AP2 under 14k with under 100k seems nice, but I want to see more.
Reply



All times are GMT -8. The time now is 01:21 PM.