I have a dealer near me with a '91 LX 5.0 'vert. Auto, white, w/ white top. and about 125k on the clock. Car is stock except for Flowmaster mufflers.

Retail, the car books out at about $4,200.00. He told me to make him an offer, but I need to know how accurate that book value is.

Car is clean, from South Carolina. No obvious rust, a few minor dings. I would say it is in "very good" shape for an all original car.

Any guesses?

 

well in my area a car with that decription would go for around 5,500+

 

I would go to kbb.com .... kelly blue book is usually accurate. You can't always gauge it by what similar cars are for sale for because there are so many variables, ya know... personally, its hard sayin without seeing the car, but I would say under 4k, but thats just my opinion...

 

I actually thought the book value would be a little lower than that. I'm sure it will sell for about that price but it seems a little high for the mileage.

 

Actually NADA is far more accurate than Kelly Blue Book.....and if you have a specialty car they are WAY off base. On the Fox Mustangs though you can use a value guide as a "guide" but actual market values are far different at times depending on the car....stock unmolested cars bring more money most of the time than any of the guides dictate.

 

You can use the 'book value' as a guide, but deduct for needed repairs, i.e., convertible top, upholstery, trans rebuild, etc. I've seen 5.0 convertilbles in the Huntsville market for $2600-$9000. Also, retail price is one thing, but I like average loan value, why pay more for a car than the bank is willing to risk? kennyg

 

there are soooo many variables.... when i bought the mustang i have now, i looked at three similar mustangs, and I tried comparing the condition and price and so fourth for each...i guess it all depends on how the market is for them where you live, ya know. Where I live, the same car might go for more than where you live, and vice versa....

 

Think Backwards.

He has the car for $4200. His dealership takes about $800 per car to go through and inspect and call it "certified". He is also figuring at least 20% profit for even taking the car in, which means the trade-in was:

4200-800 x .8 or about $2700. So going backwards, he's not going to go lower than $3500. At that point it would only be because he wants to unload it for tax purposes. It is January, so that won't happen until 2009 at this point. SO... Offer $3650

(I don't know if my math is right, but I didn't have to take my socks off to do it!)

 

i like that theory very much