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Re: Fair Market v. Supply
FYI - I just purchased a 1991 20v sedan, very nice, 49k mi, pearl/blue int,
from the original owner for $13,000. I felt that I paid a bit much, as the
car needs a bomb, timing belt, and some misc items tended to, but the owner
originally wanted $14,500. The car had been for sale here in the Seattle
area since March, according to his wife.
From: Brett Dikeman <email@example.com>
To: firstname.lastname@example.org <email@example.com>
Cc: firstname.lastname@example.org <email@example.com>;
Date: Sunday, October 18, 1998 10:35 AM
Subject: Re: Fair Market v. Supply
>>Caught your comments on the worth of "a mint 200q20v with 60k on the
>>clock" on the list. It appears that the CA selling is attempting to
>>take advantage of a "real find." I just wonder if there are enough cars
>>of this description to set a fair market value. I'd love to find one
>>like the car described for what you say it's worth! Do you know of any
>>for sale? Do they show up with enough frequency to wait one out? I've
>>only been looking about a month or so, but so far can only find rather
>>long mileage cars of this specification, and most are surely not mint.
>>Advice, suggestions, feedback?
>I would suggest looking right around the time Audi releases the new models,
>and cars like the TT start hitting the market(also, the '99 S4.) These
>models, in addition to the A6's, are what current owners* of the 200q20v's
>are going for.
>*elaborating: current owners who have had the car for several years or are
>the 1st owners, ie, people in the market for a new car, and something
>sporty. I say the TT because it's sort of a mid-life-crisis car, and most
>original 200q20v owners are at, or past, the mid-life stage :)
>Right now, most 200q20v's have hit the 100k point and have already been
>dumped; for example, in the Boston Globe around July there was a FLOOD of
>200q20v's for sale.
>Your problem is that those cars are now owned by people who are very
>unlikely to let them go; they've dropped in a fair amount of cash for the
>car (and for repairs to bring it up to good condition) and are highly
>unlikely to turn around and sell the car in a year, since it would
>undoubtably result in a substantial financial loss.
>Hang in there; some are bound to pop up. It is hard work finding one, and
>even harder finding one that's in good shape and/or with a fair asking
>price. I would say that 12k is probably about right around the Boston/NE
>region for one with 100k on the clock and in good shape(ie, no major
>repairs needed, interior+exterior in good shape, etc.)
>I'm cc'ing the 200q20v list and the qlist, but from experience, you're more
>likely to find the car by scanning the Boston Globe and similar.
>PS:I chopped it off by accident, but Dave is here in MA(Waltham, actually.)
>Hostes alienigeni me abduxerunt. Qui annus est?
>Te audire non possum. Musa sapientum fixa est in aure.
>Ita, scio hunc 'sig file' veterem fieri.