Market for used cars

darkknight9
Kirk Coughlin
Mega Moderator
Location: Saint Paul, MN
Join Date: 01/08/2006
Age: Possibly Wise
Posts: 493

Rally Car:
Dreaming of escorts and xrats

darkknight9

Market for used cars
July 09, 2008 05:56AM

Registered: 01/08/2006
Posts: 493

What drives the prices for a used car? Economics have *never* been my strong suit, but I see ads like this:

http://eauclaire.craigslist.org/car/730354842.html

And I can't help but think... Huh? WTF??

I just don't get it.

Kirk Coughlin
Woodbury, MN and River Falls, WI

Quemadmodum gladius neminem occidit, occidentis telum est.

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mothra
Matt Smith
Mega Moderator
Location: Wilmington NC
Join Date: 03/31/2006
Age: Possibly Wise
Posts: 546

Rally Car:
xr4ti

mothra

Re: Market for used cars
July 09, 2008 08:19AM

Registered: 03/31/2006
Posts: 546

With less than 50K original miles assuming condition is excellent that is on the low side. I have seen a few original, excellent, low mileage XR's sell for real money. It takes a while to find a serious buyer. Much like the $35K escort cosworth's that appear on the US market occassionally.

If it was on the east coast I would seriously consider it as a daily driver even at $4K.

Matt Smith

Racing in glorious black and red

My daily life is a Saab story (sold!)

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fiasco
Andrew Steere
Junior Moderator
Location: South Central Nude Hamster
Join Date: 12/29/2005
Age: Possibly Wise
Posts: 2,008

Rally Car:
too rich for my blood, share a LeMons car

fiasco

Re: Market for used cars
July 09, 2008 08:26AM

Registered: 12/29/2005
Posts: 2,008

Something without rust would be worth a premium for us east coasters., where even the ones who haven't seen any winter driving need a little patching up.

Four grand for an 85? It would have to be an EXCELLENT example, but I don't see it as unreasonable. Somebody recently had a very clean example on one of the XR4 sites for similar money, would have been perfect for my dad who wants one again. But it went quickly.

Andrew Steere
Lyndeborough, NH
KB1PJY

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Porter
Jason Liss
Ultra Moderator
Location: Cleveland, Ohio
Join Date: 06/28/2008
Age: Midlife Crisis
Posts: 20

Rally Car:
86 XR4TI

Porter

Re: Market for used cars
July 09, 2008 08:28AM

Registered: 06/28/2008
Posts: 20

The 86 I won at Carlisle in 05 was valued at $4200 by an appraiser. It had 34k on the clock. Car is in great shape. It has started to have parts fail now. I drive it as a dd till winter. If I had the cash I would jump on a Cossy Escort. its all in how much you are willin to pay I guess. I have seen clean XR's sell for 1K in that condition. Rust free car make stronger shells. Less work to reinforce the shell. It boils down to time vs money really.