This is my 3rd entry today. Guess I've been thinking too much.
So, I've been dreaming about that car again, the one I want to get if its still there next April.
They have finally put a price next to it on their website. So this is what I know:
They are asking $8999 for a vehicle that Kelly Blue Book says is worth $7,245 from a retail establishment in that zip code. That is $1754 above its value. That value holds only if the vehicle is in excellent conditon, which five-year-old cars rarely are.
It's mileage is 87,500K, which is 16,500K more than the average five-year-old car has on it. Again, that probably means the car was driven hard, so excellent condition is probably not true.
It has been sitting on the lot since the end of August.
Right now it is a five-year-old car, but come January it will be a six-year-old car, which should drop its value a little, but will also spread the mileage over 6 years, bringing it more into line with what it should be. However, I will know that mileage was put on there in five years time.
I'm wondering if I could get away with offering less than $7000. Not a lot less, but some. I'll have to wait until January and run the numbers again. I'd do it now and just add a year but this particular vehicle did not exist in 2000, so its not in their database.
Car Musings
November 1st, 2006 at 09:22 pm
November 1st, 2006 at 09:36 pm 1162416987
November 2nd, 2006 at 06:26 am 1162448777
November 2nd, 2006 at 05:41 pm 1162489287