jy2010851

Hi,

I am trying to sell my car but don't know where to get a quote except for the kelley's bluebook. However, the quote i got from KBB was far less than what i have expected (i don't think they have all the options listed in KBB webpage).

Does anybody know any other places i can get a quote?
Please help me out!

Thanks.

ffejalink

Have you tried edmunds and nada? Using a combination of those three usually yields an accurate quote.

jrct9454

Yes, averaging these three sources will get you close. However, you seem to believe the car is worth more than it is - if you want a real world value, you have to consult the real world. Call a couple of dealers, ask for the used car manager, and ask him/her to tell you what they would pay. THAT is the real world, notwithstanding what you would like to see for the car.

My rule of thumb: first year, take original wholesale dealer cost, less dealer incentives [and there have been a lot of them lately], and deduct 15%; second year, another 10-15%; each year after that, another 8-10%.

So, for a low mileage 2002 car, I would take original dealer cost and back off about 25% - that would represent real-world wholesale value in most urban markets.

Example: after incentives, we paid $30k for our '02 C240; it had an MSRP of $34.5k. It now has 9500 miles on it. I estimate it current resale value at the dealer level to be about $22.5k, or about $24-$25k if I want to try to sell it at the retail [private party level].

You can do the math on your car; incidentally, the calculation I use tends to undercut Kelley by a few bucks, but also tends to be closer to the real world of auction values than Kelley or Edmunds ever gets.