When buying used should I......
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From: Saratoga
When buying used should I......
Well as the title states: I'm on the verge to make a deal on a used S2000. He's asking $1000 more than KBB private party price. Its a MY00 w/ only 25k miles. Above good condition, but not excellent and is asking for $1000 more than KBB. Should I be buying below KBB private party or above KBB? And if under or over...by how much? I know the S is a nice car, but there are a lot of people selling them on craigslist over here in the Bay Area asking for more than KBB prices.
Any S2000 drivers out there bought a used car? And at what price over/under the KBB. Any comment will help.
I'm not trying to rip the seller off, but I want a resonable offer for me and him.
Any S2000 drivers out there bought a used car? And at what price over/under the KBB. Any comment will help.
I'm not trying to rip the seller off, but I want a resonable offer for me and him.
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From: Bay Area
No matter what you are buying, be it a car or a toaster, you should always try to buy it for the lowest price possible. If you can get it for free, so much the better. So if you can buy the S2000 for $10,000 below KBB, it is a good deal, but if you can buy it for $15,000 below KBB, it makes it a better deal.
On the other hand, if you are the seller, you should always try to sell at the highest price possible. If you can sell the S2000 for $5,000 over KBB, you made a good deal. But if you can sell the same S2000 for $10,000 over KBB, you made a better deal.
These are just basic laws of economics. A deal is made only when the seller and buyer both agree to the price. Whether it is above or below the KBB does not matter, what matters is that both parties agree to the deal. The process of arriving at an agreeable price is called negotiation. The seller will list a car for sale at a certain price, the buyer will offer a lower price, and eventually they arrive at a price both sides feel comfortable with. Good luck with you car shopping.
On the other hand, if you are the seller, you should always try to sell at the highest price possible. If you can sell the S2000 for $5,000 over KBB, you made a good deal. But if you can sell the same S2000 for $10,000 over KBB, you made a better deal.
These are just basic laws of economics. A deal is made only when the seller and buyer both agree to the price. Whether it is above or below the KBB does not matter, what matters is that both parties agree to the deal. The process of arriving at an agreeable price is called negotiation. The seller will list a car for sale at a certain price, the buyer will offer a lower price, and eventually they arrive at a price both sides feel comfortable with. Good luck with you car shopping.
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Joined: May 2004
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From: Vienna, VA
kbb is a national price. i would imagine a market value in SF to be above the national average.
if S2000's are truly SELLING (not LISTING, SELLING) at 1000 above kbb, then the car is worth that much. The biggest determinant is supply; in many areas of the US, S2000s are rare as hen's teeth while plentiful in others.
just about everyone asks a little above the value to hope to get a bite. their willingness to bargain will depend on how long the car has been on the market. if 6 months, price will be below kbb. if one week, above kbb.
if S2000's are truly SELLING (not LISTING, SELLING) at 1000 above kbb, then the car is worth that much. The biggest determinant is supply; in many areas of the US, S2000s are rare as hen's teeth while plentiful in others.
just about everyone asks a little above the value to hope to get a bite. their willingness to bargain will depend on how long the car has been on the market. if 6 months, price will be below kbb. if one week, above kbb.
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