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Re: Considering sale of V8
Here's my experience in marketing my '90 V8 recently. The car is in
very good shape and of average mileage for this model year. When I
offered it as a trade-in I expected to get about the NADA trade-in
value, but the closest the dealer would get was $10,300, almost $3K less
than book. Average book retail was over $15K. They claimed the reason
for the low bid was poor turnover of these special cars on the lot,
which is probably true.
I now have the car advertised in the Denver Post and Colorado Springs
Gazette-Telegraph for $14,800. I got no calls for over a week, then
four calls on it just today. The first people to look at it today are
going to see one other (a '94) presently on the market, then make a
decision. The wife really liked the color, so I'm optimistic.
Prices do vary tremendously, but I'm convinced that the good ones will
attract a good price, and the beaters will go cheap. You get what you
pay for. I think patience is important in selling a V8, but once
somebody gets to drive one they are very impressed.