Value of selling a car to private party
Asked by MKBFRD1947 Nov 18, 2015 at 11:44 AM about the 2013 Lexus ES
Question type: Shopping & Pricing
How to establish a value to sell a car to private party.
6 Answers
Try kbb.com and look at the private party price. You can also compare asking prices by looking at ads on Craig's list or in the Auto Trader.
You've got to really examine WHY they're selling the vehicle. Maybe it doesn't suit their needs anymore, they're moving, retired, life change, or just tired of the car. If they hesitate for even one moment for you to question them or even have your mechanic come over and look at the vehicle, walk away! Also, do they have complete service records? If they have the records, that is a big plus, it shows that they've really taken good care of the car.
pallmallsky answered 8 years ago
look on craigslist for cars for sale that are the same year and model as yours look what they are priced at
2013 Lexus ES 350 has a market value somewhere in the $25,000 to $30,000 range, maybe even a bit more, depending on mileage and "Good" condition, meaning it has no serious paint or body problems, interior good, stuff like that. If you are the seller, sometimes that becomes difficult because most of us don't have that kind of cash for a private party sale.
FordNut, with the right financing, you don't need the cash. You can purchase a car from a private party, the car is the collateral and could be repossessed if you don't pay back the finace company. Crédit unions are the best place for financing, many have rates as low as 1.49 percent. Years ago, financing was much higher around 7 to 9 percent.
