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How much should I be able to get for selling my car?
This question is mainly directed at the mechanics/car know-it-all s out there. Just looking for an unbiased opinion:
I have a 1998 nissan pathfinder, ~137000 miles, with a "stage 3" blown head gasket. Other than the gasket it seems like the car is in pretty good condition, no obvious exterior damage or anything. Also, I bought some $700 michelin tires and they only got used for about 1300 miles before i blew the gasket. So they look almost new.
1 other catch, my registration expired a week ago, and I havent renewed it yet because I m not sure if it s a better idea to sell it on craigslist or sell it to a salvage yard.
So I m just looking for a quick answer: salvage or craigslist, and how much money I should try to get for it. Maybe a reason or two would be nice also. I don t know a whole lot about cars so this would really help me out.
If any more details would help let me know and I ll add them to this question.
5 Answers
- mccoybluesLv 75 years agoFavorite Answer
Here's how you approach this decision. Take the value of the car in good working condition. How much could you sell the car for if it was in good running condition? Now subtract the cost of the repair. Then subtract another 20% just for the hassle factor and the unknown. That would be your asking price.
So if the car is worth $5000 in good running condition and it takes $2300 to repair the blown head gasket (I have no idea what the actual cost would be) that brings the value down to $2700. Subtract another 20% and that takes you down to $2160. So the car is worth about $2100 in non running condition. Apply that same math to your specific numbers.
The reason you subtract the extra 20% is because the buyer can't test drive the car. They have no idea how many other things might be wrong with the car other than the blown head gasket. They may start to rebuild the car and end up replacing much more than just a head gasket to get the car in good running condition. That unknown is why you discount the car even further.
Your selling price would be the highest cash offer you can get.
A salvage yard is only going to give you $300 for the car.
- mustangerLv 75 years ago
On a car that old fixing a blown head gasket could be more than the car is worth. It's doubtful you would find a buyer even on Craig's list. As to how much a salvage yard will give it's not much. Usually less than $100. You might be able to sell the tires separately and at least get part of that money back.
- TheRealLv 65 years ago
This is a $500 vehicle, whether it's parted out on CL or traded in at a dealer. At a salvage yard, it's a $150-$200 car.
Source(s): 17 years retail auto sales experience. - How do you think about the answers? You can sign in to vote the answer.