Help pricing a car - The Horse Forum
 
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post #1 of 7 Old 07-14-2015, 10:56 PM Thread Starter
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Help pricing a car

So, due to circumstances beyond my control at this point, I need to sell my car.

A little bit about Little Red...

1986 Ford Escort GT
~43k original miles
All original inside and out
5spd manual
1.9L HO 4cyl engine
Almost new tires (one year old with maybe 5K miles on them)
Bright red exterior (minor oxidation, but the paint is in great shape for its age)
Light grey interior

This car is in GREAT shape. I've had three people ask me if it's for sale in the year I've owned it. One guy offered me $3500 for it.

I need to get as much as possible for it.

What would you price it at?
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post #2 of 7 Old 07-14-2015, 11:09 PM
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Hmm...Well, it is old, but the mileage is so low I think that most could overlook that. Around my area (Cincinnati, Oh), most cars are fetching at least $3,000, even junky high-mileage cars. I think that the $3,500 that you were offered would be on the low end of what it is worth.

I'm sure you've already thought of this, but I'd check some of the online sites and local papers. Look for cars with around the same mileage, or same age. The rough average between them would probably be a good starting point. Additionally, if you advertise in the paper, I'd suggest putting 'low mileage ___' as the little header, rather than model year. Again, probably things you've already thought of.

ETA: most people expect to see 12-15,000 miles per year, so divide your mileage by that to find the 'actual age' of the car

Last edited by Kotori; 07-14-2015 at 11:11 PM. Reason: More info
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post #3 of 7 Old 07-14-2015, 11:12 PM Thread Starter
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I've checked eBay Motors, Craigslist, Auto Trader and Auto Trader Classic online...I tried just googling "1986 Ford Escort GT"...no dice. Apparently NO ONE is selling their cars like this. I know they're popular in Europe as rally cars.

As for the "actual age" of the car...when I was selling cars, I saw cars that were 3-4 years old that had more miles than my Escort.
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post #4 of 7 Old 07-14-2015, 11:16 PM
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I would take the 3,500.00 real quick...

According to the NADA Retail in your area of the Country for one in Excellent Shape (less than 3% qualify for excellent ) is 2,575.00, for one in average shape retail is 1,550.00

Kelly Blue Book only goes back to 1992 and they show 1,873.00 for an average retail for a 1992 model

Sorry, I could not find better news

.
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post #5 of 7 Old 07-14-2015, 11:20 PM Thread Starter
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Couple of things I forgot to mention:

AC doesn't work (small leak somewhere in the system)
Cruise control and tachometer don't work (haven't since we bought it...could just be a fuse out...never checked cuz I don't need/use either)
Small leak in the brake lines (have had to put brake fluid in it twice in the year I've owned it)
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post #6 of 7 Old 07-14-2015, 11:25 PM Thread Starter
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SoutherTrails, that's the problem. I can find all the newer ones for dirt cheap, but every time I've told someone how much my dad paid for the car, they go bug-eyed and exclaim "Wow!! That's a steal!" (He paid $1500 for it and then put all new belts, hoses and tires on it).

The $3500 I was offered for it was by a guest at the hotel I manage. I wasn't even there. The guy was checking out and asked the front desk staff who owned the "little bright red Ford Escort" and if I would consider selling it. When they asked how much he would be willing to pay, he didn't even hesitate and said $3500.

I've since had three other people ask if it's for sale. I've never pursued it because it was never supposed to be for sale. But, crap happens.
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post #7 of 7 Old 07-15-2015, 12:52 AM
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I , too, think that that price is about the best you will get. start at $3,800 and see if you can get that.
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