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Mr 5 0 · 07-16-2002, 08:01 PM

Mustangbelle306:

I still contend that 'Book Values' (no matter who's book) are near-useless on 13-year-old cars, especially niche vehicles like Mustang V-8's.

The Book Value for my '90 LX is around $2500. retail, $1700. wholesale. Yeah, right.

I could get $3500. - 4500. any day for a car the 'book' claims is worth thousands less.

For what it's worth, I have some backround in the car business. I've sold both new cars (Fords) and used and still have connections with a used car dealer that I help out every so often, going to auctions and driving cars back to the dealership for him. I've bought and sold many cars.

Desirability, availability, condition, mileage and demand all make up the real price one can get on old cars, past being realistically evaluated by 'Books', NADA or otherwise.

When buying a used car from a private party, the integrity of the private seller is always in question and should never be taken for granted. That's why you should avail yourself of CARFAX and try to put the car on a lift and look around.

Caveat Emptor always applies when buying anything but especially a 1989 Mustang with 110,000 miles.

07-16-2002, 08:01 PM	#39
Mr 5 0 Conservative Individualist Join Date: May 1997 Location: Wherever I need to be Posts: 7,487	Used car values Mustangbelle306: I still contend that 'Book Values' (no matter who's book) are near-useless on 13-year-old cars, especially niche vehicles like Mustang V-8's. The Book Value for my '90 LX is around $2500. retail, $1700. wholesale. Yeah, right. I could get $3500. - 4500. any day for a car the 'book' claims is worth thousands less. For what it's worth, I have some backround in the car business. I've sold both new cars (Fords) and used and still have connections with a used car dealer that I help out every so often, going to auctions and driving cars back to the dealership for him. I've bought and sold many cars. Desirability, availability, condition, mileage and demand all make up the real price one can get on old cars, past being realistically evaluated by 'Books', NADA or otherwise. When buying a used car from a private party, the integrity of the private seller is always in question and should never be taken for granted. That's why you should avail yourself of CARFAX and try to put the car on a lift and look around. Caveat Emptor always applies when buying anything but especially a 1989 Mustang with 110,000 miles.