HELP!! How do I 'value' my car for resale???

[BD]

Hey, all.

I have an 02 silver WRX Wagon which I've had on lease for 4 years. I've
been a light driver; the mileage on the car is about 26,000 miles
(42,000 km). I got it new, so I know exactly what it's been through.

At this point, my lease is up in October, and the buyout at that time
will be a little under $15,000 USD. I don't necessarily _want_ to give
up the car, but I'm just weighing all my options.

I _think_ that with the light mileage on the car, I could do better
privately - but how do I assess that? I haven't needed to work this
kind of thing out before.

I went to www.nadaguides.com, and based on the results of my lookup
there, the 'average retail' for this car of this year with 26000 miles
is about $16,600 - which suggests I should sell privately.

Can someone suggest some guidance in making the decision as to whether
to keep or sell?

Thanks!!!

 

[Carl 1 Lucky Texan]

Hey, all.

I have an 02 silver WRX Wagon which I've had on lease for 4 years. I've
been a light driver; the mileage on the car is about 26,000 miles
(42,000 km). I got it new, so I know exactly what it's been through.

At this point, my lease is up in October, and the buyout at that time
will be a little under $15,000 USD. I don't necessarily _want_ to give
up the car, but I'm just weighing all my options.

I _think_ that with the light mileage on the car, I could do better
privately - but how do I assess that? I haven't needed to work this
kind of thing out before.

I went to www.nadaguides.com, and based on the results of my lookup
there, the 'average retail' for this car of this year with 26000 miles
is about $16,600 - which suggests I should sell privately.

Can someone suggest some guidance in making the decision as to whether
to keep or sell?

Thanks!!!

Try www.edmunds.com as an additional reference as well as perhaps the
classifieds in your local paper. Any car lots with a similar vehicle may
help also. keep in mind that asking price is often 10-20% more than
selling price.

ymmv

Carl

 

[Mike]

http://www.kbb.com/

 

[Michael Pardee]

http://www.kbb.com/

An odd thought filtered into my tired brain. The various resources like
kbb.com go by the prices cars are offered for sale in the various regions...
if everybody used a single service the price would be arbitrary and
unstable, since the service would effectively look at its own output as the
standard. If there were two services (and no independent pricing) they would
tend to chase each other.

Maybe I should go to bed.

Mike

 

[Sheldon]

Hey, all.

I have an 02 silver WRX Wagon which I've had on lease for 4 years. I've
been a light driver; the mileage on the car is about 26,000 miles
(42,000 km). I got it new, so I know exactly what it's been through.

At this point, my lease is up in October, and the buyout at that time
will be a little under $15,000 USD. I don't necessarily _want_ to give
up the car, but I'm just weighing all my options.

I _think_ that with the light mileage on the car, I could do better
privately - but how do I assess that? I haven't needed to work this
kind of thing out before.

I went to www.nadaguides.com, and based on the results of my lookup
there, the 'average retail' for this car of this year with 26000 miles
is about $16,600 - which suggests I should sell privately.

Can someone suggest some guidance in making the decision as to whether
to keep or sell?

Thanks!!!

It sounds like it's going to be a wash, give or take a grand, whichever way
you go. Subie's go for a premium where I live (ski resort), so you might be
able to bring it here for a profit. Otherwise, my advice would be if you
still like the car keep it. If you really want something new or different,
get rid of it.