Getting a quote
Thread Starter
Almost a Member!
Joined: Mar 2002
Posts: 29
Likes: 0
From: NY
2002 C320
Getting a quote
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.
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.
Super Member
Joined: Jul 2002
Posts: 678
Likes: 1
From: Vancouver WA
'14 GLK250 Diesel
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.
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.
Last edited by jrct9454; Dec 11, 2003 at 09:56 AM.
