Re: Selling My Crossfire Srt-6
hey guys need your help I got someone who wants to buy my car but i dont know what to reply to this email please help me out....
read and reply thanks
i need to get 16k and i think its a reasonable price but i need some help with what to email this guy...so he will move up from the 14k800 offered...
thanks in advance
Hi Gabriel,
I've considered raising my offer from $13,800 to $14,800 conditional upon an independent inspection which we could do locally in N.H. I have cash, so we could close a deal fairly quickly.
That said, I think the challenge we face is that I know you'd like to get at least what you owe on the car. The issue is that the car has depreciated faster in value than the pay down of the principal on your loan. If I were to pay you the price of your note then I would be absorbing part of the depreciation that occured during the time you owned the car and I'm not prepared to do that especially in this market.
At the end of the day, I'm only willing to pay what I think I could sell it for tomorrow (market value), which I believe is lower than the value of your loan. These cars haven't held their value very well as you know (even though they are nice cars) from your own experience when you purchased the car, vs. the sticker price on it when it was new.
I arrived at $15,000 as follows. The Nada (NADA.com) on the car is $16,800 sold Retail "Clean", that's a dealer price though not a private party price. The deductions off of $16,800 are as follows: I did get a lower price on the bumper, $750, from a local Chrysler Body shop, and $500 to paint the hood (chips, apparently rib hoods are a little more work), and $300 for new front right wheel. Throw in $250 to straighten out the exhaust (a guess). I'm taking off a nominal $200 as the car comes with no 90 warranty as i would get from a dealer. That takes it down from $16800 to $14800.
Keep in mind this is still retail I'm talking here which suggest I'm paying a premium as you're a private party seller. You're not a dealer, so you are not in a position to offer me a free 90 day warranty so I'm assuming that risk which I will attempt to mitigate with the independent inspection which will cost me about $150.