Hi i'm new to the forum and was wondering if this a good deal or not.
im on the market for a used car and i found a 2005 Crossfire SRT-6 near me. It has 9,763 miles on it and they wanted 19,891 and managed to talk them down to 18k and in the process of buying it. Is this a good deal or not? it's really low miles for a 2005.

any input would be appreciated

 

If its a coupe then its a great deal....for the seller. But if you can afford it, $18k is overpaying but it is one hell of a car.

 

It is a coupe, at 18k its below KBB

 

If it is THE car for you, fine. But know that you will N E V E R get that for it, I don't care if you buy it and list it on eBay and Autotrader tomorrow, ain't gonna happen.
AN SRT ROADSTER with those miles, sure.

It's not FAR off and with only a handful of them out there - IF you plan on keeping it and loving it AND IF you have done your homework (good inspection, carfax/autocheck) then ... ok!

 

I saw one in Black this week with something like 65,000 miles for $10,500 ...

Go check ebay ended auctions .. they just dont command a price that high anymore/right now.

 

Thank you for the replies. I think the reason it is so high is because its an SRT dealer

 

There is one on ebay for 16.7k and has 4x the miles

 

Right, but WATCH THE AUCTION and see how it goes. And what does that prove? Evan bought his SRT Roadster with 40,000 miles on it for around 12K...

Anyway....
I paid $18K for a limited roadster with 13,351 miles on it in 2009. EVERYONE told me I paid too much - but it was MY car (which is why, after selling it I still hate myself).
I never regretted buying it - I regret SELLING it, but not buying it.

You asked us what we think - and now you know. If you are dying for a very low miles, AeroBlue, SRT Coupe - and you can justify $18K - my advice is to buy it.
If you are even THINKING of selling it in the next few years - do not buy that car.

 

Thank you for the quick response. That was the answer i was looking for, i take good care of all of my cars but it is time for something newer than my '94 grand prix gtp. Im going to go for it. I think i will enjoy this car. Maybe i can talk them into an extended warranty and tires.

Thanks again for all the responses

 

Pizzaguy is correct. It depends on what you want.

Back in April 2010, I wanted a low mileage SRT6 and found a 917 mile one. Yes, 917 and the price was high for a coupe at $19,655. Three and half years later and just under 21k on the car, it will never bring close to that number, but most cars never get back what you paid for them.
Mine is worth about $13 or so---but divide the loss by the time and you get $150 per month cost for me to own an all-but-new at the time AMG derived car.
Not a bad deal when all is said in done.

I wanted a car which I knew was not raced and beaten, so I hunted this car down for 6 months and was willing to pay the price. When I found mine, I talked to the owner and he said all the right things about starting it weekly and getting it to temperature; driving it for at least 5 miles a month and changing the fluids by time instead of mileage.

Being over 3 and half years later---The $18k price is still a little high in my opinion, but with fewer under 10k miles cars are out there, it may not be.
With only 2016 coupes made, there can not be but a hand full under 10k for sale. The number must be getting lower and not higher, so it is a personal call.

Now, not all SRT6 are run to death, but owners do not talk about the "permagrin" for nothing. The good news is these cars can handle some running and some miles---I have seen several in the 130k plus miles range, but at the time, I was not sure that I wanted to take any chances. Today, miles would not be the same concern.

I suggest that you have the car checked out---Used this forum to get leads on what to watch out for.

Even with the low miles, pay someone to check out the car if you can not or not sure of blown cars.
If you are paying top dollar---get a top car---without any questions.
I am sure someone on here is close by and would help you if you need it, but check it out.
A car that has been hit---even a small accident, is worth less, and these cars do not like accidents. They total out easily.

Do a LONG test drive, get the car good a hot; make sure the IC pump does not cut in and out; start it hot and cold several times; check the date on the battery anything over 4 years is done---this car does NOT like low voltage, and check for paint work.

Good luck, Jimmy

 

87k miles on one for sale on here, with the original owner, very well maintained, for 10,500....hell of a deal...87K is nothing on this hand built motor...that has an original owner who has serviced and taken care of the car...if it is still there, Jan 1, I am buying it...good luck, but don't let mileage scare you...look at how it was taken care of...book....is in the 13k range, dealer or no dealer...

 

Thanks jimmy, do you know anyone north of columbus ohio willing to come out to check it out? Are there any other things i should look at? I'm pretty mechanicaly inclined just not outside of gm. Especially a car made by mercedes. It has a clean carfax and one owner who traded it in at 7,800 miles. I talked to the dealer and he said it was purchased between many dealers and this one the last.

 

I do not know but someone on here must be near Columbus.
The Carfax is a good starting point, but they ONLY know what is told to them by public records or insurance companies---They do NOT know all.

I would guess the dealer to dealer bounces are because they were asking too much and the 60 day floor plan ran out and the car had to move.
Being over 8 years and going on 9 model years---some lenders will not loan on the car. Forget the low miles, the car can not be financed by some lenders.

I sold cars for years when I had my repair shops and at certain mileage and at certain ages lenders just will not lend. When this happens, the price of the cars drop because less money is out there---well less sources of money and then cash becomes king.

$18k is high and they know it.

Here are the last cars which have sold at auction---SRT6 coupes ONLY

08/14/13 CEN FLA Regular $11,000 38,678 Above GREY
08/02/13 NEVADA Regular $13,600 38,914 Above BLACK
09/03/13 NYMETSKY Regular $6,500 39,974 Avg GRAY
07/24/13 DALLAS Regular $8,700 48,421 Avg GRAY
07/18/13 TAMPA Regular $8,900 72,991 Avg BLACK
08/06/13 BALTWASH Regular $6,200 73,402 Avg BLACK


When I get on the estimator---I get this on Manheim---

Average Auction Odometer---9800 miles
Nov 4 - Nov 11 2013
-----------Above... Average... Below------------ Dec 2013 Nov 2014
Auction $12,850... $10,850... $8,875---- $10,650 $8,100
Est. Retail $17,400... $15,250... $13,100--- $15,000 $12,250

Above Avg Wholesale on this car is $12,850---PLUS a buy fee for ABOVE AVG car with 9800 miles.
AVG wholesale is about $11k---This is the NUMBER---Crossfires are NOT hot cars.
Est Retail for above avg is $17,400 and think this is still high---over a 4 grand profit.

Tell them to check the MMR---Manheim Market Report on the car.
Please do not tell them where you receive the info from---they will know that you talked to a car guy and they will not like it at all, but SORRY.

If they are in the car "deep" that is their problem---The car is worth what it is worth.
$16k is top in my opinion and this is for a no paint work, super straight car that is ready to go and is FULL RETAIL.
I would only consider this $16k because what I said before about the lower number of sub 10k cars---and some will pay for this.

Something around $15 is a better deal in my opinion---Avg retail for a 9800 car---NOT my opinion but Manheim's.
Tell them you will give then $2000 over what they PAID; IF and only IF they bought it correctly at under $13K (see above).
Avg wholesale is shown at $10,850---under $13k is top at the wholesale level---They should not be in the car for any more.
They do have a business and cost, so they must make a profit, but over $4k is a DEAL FOR THEM.

They will NOT get $2000 more if the car must go back to the auction---They will actually have to pay a sell fee and my lose money.
$2000 over auction is real money to pay for the car and what ever they did to the car and still have a profit.

The MINUTE you give up the POWER to walk away---THEY HAVE YOU---They just won at this point.

Since you now have information---THEIR INFO---Use it.
Tell them to go to MMR and print it out---You will see the above.
Make them PROVE you wrong---They will not be able to do this---This info is today's numbers.

Avg retail for a 9800 mile car is $15,250 per Manheim---the largest auction house in the nation, so they know something.

Just know even at the price you are paying the average retail---This is not a steal by any means, but you do have a sub 10k mile car.
Any more is over retail---Of course, lower is better.

VERY IMPORTANT---Remind them about all the dealer-to-dealer sales---Money is rarely made with these---and tell them ALL the others priced too high.
How do you know?---Because they would have SOLD the car if they priced it right---SIMPLE!

Good luck, Jimmy

ALSO---Look on the search to see possible problems---this list is small. The usual leaks and crashes are the start and what I said above in the last post.

 

thank you for all of the useful info, i will do my best to talk them down close to the market average. now that you stated all that they did seem pretty eager to sell this car. i will just tell them that i've done some research and think at that 18k is still a bit pricey and go from there. i dont think there is any doubt that they wont lower the price because all they want is a sale and that the make a profit.

 

hey jimmy,

i just google average market value on car values and it came up with edmunds true market value tool and i typed in all th info and it came up with $13,562 in dealer retail in outstanding condition.

 

I advertised my car with 25K on the odo and was offered $19K two months ago, so I don't think you thought this through.

 

Exactly---
The $13,500 is a deal with the low miles in my opinion---show it and push it.
A move up from there would not be to bad if you are going to drive it and enjoy it----$18k is high per any numbers I have seen, but this is your call.

There is not a single number on a car.
One dealer paid $11k for a car with 38k in FLA, and in the same month, 8/13, another dealer paid $13,800 for the same mileage in NV---See above.
I wished that it was this easy---One price for car based on the miles, but markets and people make the difference---color can add a grand or more.

But with the car being 9 model years old, the price must be $15k or so---less is better, but if the car has a new battery and fresh oil, no door dings and super clean, then a little more may be okay---again, 10,000 mile cars are rarer, so they will be a little more.

Tell them what you will pay and tell them to give you a call when the "floor plan" time is up.

Most car dealers do not own the cars---they finance them with floor plans---They have 60 days to sell them; if they go over, they must curtail them and not only pay interest but 10% or so down. Most do not want to put "their money" in the car, so they just move the car to auction and get a "fresh face"---If they tried for 60 plus days and could not sell the car, they usually give up and move on.

This is the story with this car---100% without a doubt---dealer to dealer sales shows this loud and clear---something is up.
My first guess----They are over pricing the car due to the low miles.
$19+ was storybook money for this car---The proof is that the car did not sell at several dealers.

Moving dealer to dealer shows SOMETHING is wrong---Like I said, over-pricing would be my first guess, but a problem may be another and this goes back to having the car CHECKED---Months with "professional salesmen" and NOT selling the car raises questions.

Over-pricing is not a problem for you---something else very well could be a problem for you---so check it out.

Price it high and then $18k "sounds" like a deal---almost two grand off right?---But now you know this is not a deal after all.
Two grand lower than this $18k would be top dollar---and lower the better.

Show them Edmunds---Tell them to go to MMR---and then tell them to meet you in the middle today or give you a call later.

If they DARE say---"We are losing money at this price"---Tell them to get the auction receipt---They will fight to NOT show you this.
If they will not---Then tell them to STOP saying anything about losing money if they are not willing to prove that they are at your price.

Tell them to---Put up or shut up.

 

thanks everyone for all of the help, i'm going to see the car this coming weekend since its a 2hr drive from me. i will give them my best negotiating skills and i will update you on what goes on.


Thanks

 

Good luck.
I just looked up your car on Autotrader. This dealer has had this car since 8/22/13---OVER the 60 days---I doubt they will keep it 90 days---Most do not.
They will make a deal or take a hit a auction---Tell them you know this; they already do....

It looks like this car has gone from dealer to dealer since 6/2012---Looks like two owners. It's hard to tell with Carfax because they will count dealers sometimes as owners.
Either way, this is a long time without a home---They know this too.

Also at 10k---Tires will be needed soon---My PS2's lasted 16k on the rears. This be $800 or more with mount, balancing and sales taxes. The tires do not look new.

Again---Good luck.

 

thanks,

if you look in one of my previous posts im going to try to work in some new tires and a warranty