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04-02-10, 05:48 PM
My car is a 2003 Kia Optima, 6cyl. with 56k miles.
I want to sell it, but I've never done this sort of thing before, so I'd like some seasoned input.
I'm selling it because it's just not like me to own and operate a car. I've given in to society's expectations for too long. I'm more in tune with who I am when I don't own a car.
It has a salvage title. I don't know what type of accident it was in before I got it, other than a front end accident.
My brother gave it to me as a graduation present in 2006.
I've had it for over four years, and it runs good. The only problem I had was when the battery died last year and I bought a new one. The new battery is about eight months old.
I have all the receipts from all the work that has been done on it since I got it in 2006. It recently got a much needed paint job and a four wheel alignment.
How should I go about selling it? I'm going to ask for $2100, even though the KBB price is $5500. I'm taking into consideration that it has a salvage title and the economy is such that people who want a car that will get them from point A to point B probably can't afford the KBB price.
04-02-10, 06:03 PM
You could try listing it on craigslist. Let the people you work with (or hang around with) know you have it for sale.
Just today we sold a 1994 Toyota truck we had. We sold for far over KBB. (It was in great cond with low miles.)
We had listed in on CL and in a local shopper. We got calls from people who lowballed us offers. We didn't want to give it away.
I was at my job yesterday when a guy that works there came in saying it took him 1.5 hrs to get to work because his very old truck broke down. I told him we had a truck for sale and where he could look at it. After lunch he told me he looked at it and wanted to buy it for what we were asking. He paid us today and he's very happy. He's an archaeologist and this is a perfect field truck for him. So word of mouth did better for us.
Yours is priced pretty low, you shouldn't have too much trouble selling it. But I'm not sure about the salvage title part.
Siu Blue Wind
04-02-10, 06:54 PM
Salvaged titles are not easy to sell.
A lot of people will be scared off by the salvage title, but not all. I'd suggest you say right in the ad that it's a salvage title, or you're going to have a lot of people mad that they called/emailed you and found out about it.
Mind that there are a lot of freaks on Craigslist. I sold a car on there once, and yowza. you wouldn't believe how many people emailed me to lowball my price--which was, IMO, already pretty low--without even asking to see the car (in fact, after that I'm pretty sure I priced it way too low, but I don't feel too bad about the price considering it ended up going to a high school kid; I would've if I'd gotten the impression it'd gone to somebody who was a total scammer or something). Hell, one of them offered me something like $300 less than my asking price, and I think his email MAY'VE been two words. I think all it was was "$400 cash" and that was all it said; I don't think he even bothered with punctuation. I'm thinking, "right, you're too rude to even write a proper email and you want me to lower my price as well??" Another guy wanted to come get the car "tonight" having not even seen it--mind you, it was like 8 or 9 p.m. at this point--AND he wanted to trade me this great sound system he had for it. Uh huh. Yet another wanted me to lower the price by like a hundred bucks and also said he lived quite a ways away and wanted me to meet him halfway with the car. I should've told him "okay, but it'll be a $100 delivery fee and you have to bring me back home because I have no other way to get there." Seriously, the entitlement-mindedness of some people is amazing. I am selling my car for X price. If you don't like the price or distance, go somewhere else; dont' expect me to jump through hoops for you like you're doing me some sort of big favor!
Then you'll find the flakes who will want to come look at it but will never show up, never tell you why, and you'll never hear from them again.
That's not to say that everyone on Craigslist is a loser--I've bought two cars on Craigslist and found a non-loser to sell mine to--but I'm warning you in advance so you're not surprised by the ******baggery that is rampant on Craigslist. And remember, if it sounds even remotely like a scam, it probably is. Lotta scams on Craiglist (as I found when buying my most recent car). Check, check, check EVERYTHING, and remember to see their driver's license before they even touch your car.