Selling Question(s)

[Pitt Yaris]

I have a 2008 Yaris Sedan-Flint Mica Automatic No Power 10k miles. What do you think is a decent price? Also, would adding power locks add enough value to be worth doing? (Add more than 150 bucks to the selling price since that's how much the power lock kit costs)

[SilverBack]

Have you tried looking through KBB already?

[jambo101]

You might get lucky and get the $15k dealers are asking but may have to reduce that price to around $11 to $12k for a private sale.http://www.autotrader.com/fyc/search...=1253180364448
Selling it so soon you really take the full hit on depreciation..

[MUSKOKA800]

Originally Posted by Pitt Yaris

I have a 2008 Yaris Sedan-Flint Mica Automatic No Power 10k miles. What do you think is a decent price? Also, would adding power locks add enough value to be worth doing? (Add more than 150 bucks to the selling price since that's how much the power lock kit costs)

Adding options may not raise the value of your ride but should get you the looks before others that are bare bones. Don't expect to recover the costs.

[ryota]

Originally Posted by k r a y z e e . j o j o

Have you tried looking through KBB already?

you could also try out nada for a quote. i prefer that over kbb

[tetzyamis]

I use www.edmunds.com.
It looks like it will be $11k-$12k, just as jambo101 said.

[TinyGiant]

every once in a while i get the idea in my head to unload my yaris .. i still owe like 14k on it .. it would be darn nice to free up $400 a month in funds though (300pmt/100ins) i would sure miss the yaris and theres always a large chance if i get something used i'll end up with repair costs..

[ozmdd]

Unless you find someone who just REALLY wants your specific car, its next to impossible to get more than 80% of the price of a new car for your nearly-new vehicle. Think about it: you can't offer them a financing advantage (interest rates are better on new cars), you can offer them the color/package they want, you can't reduce the taxes by the value of the trade-in, and you have a nice-but-still-used car.
Would you pay $13K for a 10,000 mile car when you can pay $14-$15K for a new one, and make payments??
Gonna have to save more than a grand to offset the actual cost of the lower interest rate. Sorry, but the only really good answer is to either A) trade-in on a different vehicle and hold their balls over the fire on your trade-in value, even if you don't get the sales price lowered as much (sales taxes), or B) Live with the car for a couple of years, pay it off quick, and then sell it. A 5-year old car is about the ideal car to sell used. Its new enough to be reliable, still worth a fair chunk of change, and you should have it paid off.
If you really want to get ahead in the "what you pay versus what you own (value)" game, buy used cars with cash. There is no way to win this battle with a new car, unless its a rare/collectible car and you don't drive it. :(

[talnlnky]

wait until next time gas prices go up.... When gas prices are high, people pay more for them... last summer with 15,000 miles on my yaris, and 8months old, gas was over $4gal and the blue book was around $14k for my 3dr manual.

[Pitt Yaris]

12k would be awesome, but I'm willing to go as low as 10,500 or 11,000. I don't want higher gas prices, but that would make it easier to sell at a higher price. 40mpg is very appealing. I'll probably wait til December to sell and if not, I'll put it off til next summer.

[Pitt Yaris]

Originally Posted by ozmdd

Unless you find someone who just REALLY wants your specific car, its next to impossible to get more than 80% of the price of a new car for your nearly-new vehicle. Think about it: you can't offer them a financing advantage (interest rates are better on new cars), you can offer them the color/package they want, you can't reduce the taxes by the value of the trade-in, and you have a nice-but-still-used car.
Would you pay $13K for a 10,000 mile car when you can pay $14-$15K for a new one, and make payments??
Gonna have to save more than a grand to offset the actual cost of the lower interest rate. Sorry, but the only really good answer is to either A) trade-in on a different vehicle and hold their balls over the fire on your trade-in value, even if you don't get the sales price lowered as much (sales taxes), or B) Live with the car for a couple of years, pay it off quick, and then sell it. A 5-year old car is about the ideal car to sell used. Its new enough to be reliable, still worth a fair chunk of change, and you should have it paid off.
If you really want to get ahead in the "what you pay versus what you own (value)" game, buy used cars with cash. There is no way to win this battle with a new car, unless its a rare/collectible car and you don't drive it. :(

All that is true. I made a huge mistake by getting a brand new car, and chances are I won't do it again in my lifetime. I'll wait to see if I can get something close to what I'm asking and if not I'll hold on to it for a while longer.