blackSRi
8th June 2006, 02:38 PM
Here's a suggestion on pricing your car for a sale (or narrowing down the search when looking for a bargain).
Red book and Glasses are valuation guide, but maybe you should look at current prices for km travelled to see where you car sits.
(and this will help you know what you should value your car at for a fast sale in that vehicle category).
This works for all cars.
I have taken all the Astra SRis for sale across Australia on carsguide as an example. It's a good sample as it's reasonably large.
I didn't discriminate between dealer or private sales, only kilometres travelled and price (the two major factors for a car sale).
Here's the graph:
http://tk.files.storage.msn.com/x1pZLh117Fh3wrsPEpqi475BPICX9BMhbBWGlGhQkSo4fk2aQB kN6SpqgVZADabKZ_rPm-ajjOyESsIrpukrfnFlo_aumxOccDJT-QXpGZhwPuKfk6CBkbLsYBoc9lKfMeiIQRj2wPNXSM
As you can see, it peters off quickly from new.
You want to make sure your car is not too far off this "curve" - otherwise you've under or overpriced your car.
Here's the values I used (all turbo SRi's too but I didn't graph these as they are a very small sample set):
Ranked values in order of lowest km to highest.
,SRi 2.2,
km,PRICE,$/KM
11830,"$24,990",$2.11
16273,"$21,990",$1.35
21648,"$19,990",$0.92
31000,"$24,990",$0.81
31670,"$19,990",$0.63
32498,"$20,990",$0.65
34622,"$24,990",$0.72
35000,"$21,990",$0.63
35000,"$19,990",$0.57
36123,"$20,995",$0.58
37000,"$17,000",$0.46
39573,"$20,990",$0.53
41000,"$18,400",$0.45
42588,"$21,995",$0.52
45000,"$21,000",$0.47
45279,"$20,000",$0.44
46068,"$18,988",$0.41
47843,"$22,490",$0.47
50110,"$19,990",$0.40
54500,"$19,990",$0.37
54578,"$19,995",$0.37
58213,"$19,999",$0.34
60131,"$20,990",$0.35
60214,"$22,980",$0.38
61833,"$16,950",$0.27
61901,"$19,990",$0.32
63375,"$20,990",$0.33
73456,"$20,990",$0.29
73721,"$20,990",$0.28
78261,"$20,898",$0.27
87058,"$16,990",$0.20
94000,"$16,500",$0.18
95000,"$14,000",$0.15
96983,"$14,995",$0.15
97014,"$19,999",$0.21
,,
,SRi 2.0,
15579,"$29,490",$1.89
21500,"$28,500",$1.33
25715,"$26,990",$1.05
27700,"$26,000",$0.94
46181,"$26,990",$0.58
48900,"$24,900",$0.51
51763,"$27,990",$0.54
75000,"$24,990",$0.33
95000,"$21,990",$0.23
Copy and paste these into a .CSV file, open with Excel then add in your value for your car in order.
You can then make a graph in Excel - too easy!
Price vs km might be harsh - I know it doesn't take other factors into consideration like aftermarket stuff, driver was smoker/non-smoker, was a careful owner etc, but it may mean you sell your car quicker and know what you can expect to get.
Consequently you can look at picking up a bargain if its cheap per km on the odo.
You can also do the same with "Bang vs buck" - price and kW say for new cars.
I am working on a better formula, km, price and age.
Feedback welcome.
Red book and Glasses are valuation guide, but maybe you should look at current prices for km travelled to see where you car sits.
(and this will help you know what you should value your car at for a fast sale in that vehicle category).
This works for all cars.
I have taken all the Astra SRis for sale across Australia on carsguide as an example. It's a good sample as it's reasonably large.
I didn't discriminate between dealer or private sales, only kilometres travelled and price (the two major factors for a car sale).
Here's the graph:
http://tk.files.storage.msn.com/x1pZLh117Fh3wrsPEpqi475BPICX9BMhbBWGlGhQkSo4fk2aQB kN6SpqgVZADabKZ_rPm-ajjOyESsIrpukrfnFlo_aumxOccDJT-QXpGZhwPuKfk6CBkbLsYBoc9lKfMeiIQRj2wPNXSM
As you can see, it peters off quickly from new.
You want to make sure your car is not too far off this "curve" - otherwise you've under or overpriced your car.
Here's the values I used (all turbo SRi's too but I didn't graph these as they are a very small sample set):
Ranked values in order of lowest km to highest.
,SRi 2.2,
km,PRICE,$/KM
11830,"$24,990",$2.11
16273,"$21,990",$1.35
21648,"$19,990",$0.92
31000,"$24,990",$0.81
31670,"$19,990",$0.63
32498,"$20,990",$0.65
34622,"$24,990",$0.72
35000,"$21,990",$0.63
35000,"$19,990",$0.57
36123,"$20,995",$0.58
37000,"$17,000",$0.46
39573,"$20,990",$0.53
41000,"$18,400",$0.45
42588,"$21,995",$0.52
45000,"$21,000",$0.47
45279,"$20,000",$0.44
46068,"$18,988",$0.41
47843,"$22,490",$0.47
50110,"$19,990",$0.40
54500,"$19,990",$0.37
54578,"$19,995",$0.37
58213,"$19,999",$0.34
60131,"$20,990",$0.35
60214,"$22,980",$0.38
61833,"$16,950",$0.27
61901,"$19,990",$0.32
63375,"$20,990",$0.33
73456,"$20,990",$0.29
73721,"$20,990",$0.28
78261,"$20,898",$0.27
87058,"$16,990",$0.20
94000,"$16,500",$0.18
95000,"$14,000",$0.15
96983,"$14,995",$0.15
97014,"$19,999",$0.21
,,
,SRi 2.0,
15579,"$29,490",$1.89
21500,"$28,500",$1.33
25715,"$26,990",$1.05
27700,"$26,000",$0.94
46181,"$26,990",$0.58
48900,"$24,900",$0.51
51763,"$27,990",$0.54
75000,"$24,990",$0.33
95000,"$21,990",$0.23
Copy and paste these into a .CSV file, open with Excel then add in your value for your car in order.
You can then make a graph in Excel - too easy!
Price vs km might be harsh - I know it doesn't take other factors into consideration like aftermarket stuff, driver was smoker/non-smoker, was a careful owner etc, but it may mean you sell your car quicker and know what you can expect to get.
Consequently you can look at picking up a bargain if its cheap per km on the odo.
You can also do the same with "Bang vs buck" - price and kW say for new cars.
I am working on a better formula, km, price and age.
Feedback welcome.