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  1. #1
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    Used Car Value Opinion

    Hello. I'm looking to sell one of our cars. It's a 98 and has 225000 miles on it a I drive a lot for work. It was also told te transmission needs service as the service engine light has been on for the last couple years. I elected not to fix that and it has continue to run. also leaks a little bit of oil. NADA says it's retail value is 3400 but in reality what can i really expect to get if anything? Anyone that knows much about used cars that can offer any advice? Thanks.



  2. #2
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    Re: Used Car Value Opinion

    I might give you a stick of gum, a pencil, and I would have to think hard about throwing a stapler in there to push you over the top



  3. #3
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    Re: Used Car Value Opinion

    Depends on what you're trading it for. They may give you an inflated price but then not come down on the other car.

    It would be good to know what kind of car it is.



  4. #4
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    Re: Used Car Value Opinion

    Sold a 1998 Lumina a while back with 219,000 miles on it for $300.



  5. #5
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    Re: Used Car Value Opinion

    NADA is crazy...honestly you probably have a car worth about 500 to a dealership and you might get 1000 on the street...but with those repair issues, you dont have too many options.



  6. #6
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    Re: Used Car Value Opinion

    Its a 98 Chevy Monte Carlo. I'm just looking to sell it outright. As I mentioned before, it runs fine now and has been a good car for me, but i realize with the "service engine" light on and the mileage its only a matter of time before the transmission goes out. The interior looks pretty good for the mileage and the exterior is average.



  7. #7
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    Re: Used Car Value Opinion

    For a car that is older than 10 years old, has 200,000+ miles on it, and needs some kind of transmission service... You'll be lucky to get $1,500 or so IMO. Depends on how well it has been taken care of and what really needs to be fixed on it. People will shy away from the car because of the miles.



  8. #8
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    Re: Used Car Value Opinion

    I've mainly kept it to drive for work, rather than put mileage on a newer car. But we have three vehicles and my wife is now staying home with the kids, so we no longer have a need for that many cars. I'm getting tired of having a third car sit in our driveway and paying for the liability insurance on it.



  9. #9
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    Re: Used Car Value Opinion

    Anyone also have advice on what to do when selling a car? I have a checklist from the Iowa DOT website, but wasn't sure whether that's necessary given the mileage. The Iowa DOT website mentions completing an odometer statement, damage disclosure statement, and assigning the title to the buyer. I assume the only other thing I'd need to do is cancel my registration and insurance on it.



  10. #10
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    Re: Used Car Value Opinion

    Now that MBB is back, do we still have to pretend that WBB matters?

    -acgclone

  11. #11
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    Re: Used Car Value Opinion

    should have done cash for clunkers.



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    Re: Used Car Value Opinion

    Just dumped a Audi on a dealership in DSM that had a check engine light on for 2 years. Torq converter/transmission issue... They asked if anything was wrong. I was honest. Then they told me that the sensor must be bad, marked on the trade in sheet that it was in great condition and gave me a good trade-in on it. Of course, it only had 125K mi on it... Sold a ~ 6 yr old Cherokee on eBay last summer and got amazing good money for it.

    You'll get better $trade-in at a dealership trade and private sale is my guess.

    Sometimes you're the windshield and sometimes you're the bug. [shrug]


    "It's a jungle out there kiddies. Have a very fruitful day.
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  13. #13
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    Re: Used Car Value Opinion

    Quote Originally Posted by erikbj View Post
    should have done cash for clunkers.
    Got too high of gas mileage, so it didn't qualify. I looked into it.



  14. #14
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    Re: Used Car Value Opinion

    Quote Originally Posted by jeff0514 View Post
    Anyone also have advice on what to do when selling a car? I have a checklist from the Iowa DOT website, but wasn't sure whether that's necessary given the mileage. The Iowa DOT website mentions completing an odometer statement, damage disclosure statement, and assigning the title to the buyer. I assume the only other thing I'd need to do is cancel my registration and insurance on it.
    Yes, do everything on that checklist...regardless of how many miles are on it. I would also draw a simple bill of sale that both you and buyer sign.(both copies)


    Fanatic #25

  15. #15
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    Re: Used Car Value Opinion

    The plus is the 3800. That motor is still considered a top 10 production engine in the world. Has been forever. With that said, ask for $1,000 obo. With it's current issues, you'll get around $500 for it.



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