Volvo 850 resale value

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JohnM

I have recently updated my wife's Volvo to a second hand V70 and as it
was a private purchase I am now left with a 1993 850GLE which I have
been trying to sell for nearly 4 months.
I've advertised for 6 weeks in the car section of the newspaper, 4
weeks in Autotrader, 6 weeks in the Quokka (local trading paper) and
on the web.
Its not that people don't like what they see, its that only 3 people
have called and the one that turned up said she was really after a 740.
I started at $7200 and am now down to $4,990 which I thought would be
cheap. Does anyone have any info on where to advertise and how much is
a fair price for this type of vehicle?
 
JohnM said:
I have recently updated my wife's Volvo to a second hand V70 and as it
was a private purchase I am now left with a 1993 850GLE which I have
been trying to sell for nearly 4 months.
I've advertised for 6 weeks in the car section of the newspaper, 4
weeks in Autotrader, 6 weeks in the Quokka (local trading paper) and
on the web.
Its not that people don't like what they see, its that only 3 people
have called and the one that turned up said she was really after a 740.
I started at $7200 and am now down to $4,990 which I thought would be
cheap. Does anyone have any info on where to advertise and how much is
a fair price for this type of vehicle?
Click to expand...
AUD$5,000 isn't cheap; AUD$4,000 is cheap. You might get more interest
after Christmas, when the worried parents buy 'legendary Volvo safety'
for their off-to-university children. Unfortunately 'legendary Volvo
fuel economy' doesn't exist, and it's fuel that is driving the market at
the moment.
 
Andrew said:
AUD$5,000 isn't cheap; AUD$4,000 is cheap. You might get more interest
after Christmas, when the worried parents buy 'legendary Volvo safety'
for their off-to-university children. Unfortunately 'legendary Volvo
fuel economy' doesn't exist, and it's fuel that is driving the market at
the moment.
Click to expand...

Another issue is that people who know Volvos will shy away from a '93
or even a '94 850 because of automatic transmission problems (if yours
is an automatic) that resulted in a very high failure rate in '93, and
early hydraulic lifter failure in the '93 and some '94 model year cars.
 
JohnM said:
I started at $7200 and am now down to $4,990 which I thought would be
cheap. Does anyone have any info on where to advertise and how much is
a fair price for this type of vehicle?
Click to expand...

Is there any sort of equivalent in Oz for the Kelly Blue Book?

If not, the KBB

http://www.kbb.com

will give you an estimated value for a used car -- but it only works for
the US. You have to specify a location because the algorithm takes
geo-climatic factors into account. However, there's no reason why you
couldn't find a place in America that approximately matches the
conditions of your locale -- wet / dry, flat / mountainous, heavy
traffic city / empty road countryside, etc. -- and put that into the
on-line form. The rest is quite general: how many miles / kilometres on
the odometre; overall condition; even the colour [ ! ! ! ].

With a little more research, you could then compare the estimated used
value with the price of the car when it was new and apply that same
percentage to what the new price was in Oz back in '93. Et voila...

cheers,

Henry
 
Post an ad with photos on craigslist.com for maximum, free exposure.

It's phenomenal.
 
Henry said:
JohnM said:
I started at $7200 and am now down to $4,990 which I thought would be
cheap. Does anyone have any info on where to advertise and how much is
a fair price for this type of vehicle?
Click to expand...

Is there any sort of equivalent in Oz for the Kelly Blue Book?

If not, the KBB

http://www.kbb.com

will give you an estimated value for a used car -- but it only works for
the US. You have to specify a location because the algorithm takes
geo-climatic factors into account. However, there's no reason why you
couldn't find a place in America that approximately matches the
conditions of your locale -- wet / dry, flat / mountainous, heavy
traffic city / empty road countryside, etc. -- and put that into the
on-line form. The rest is quite general: how many miles / kilometres on
the odometre; overall condition; even the colour [ ! ! ! ].

With a little more research, you could then compare the estimated used
value with the price of the car when it was new and apply that same
percentage to what the new price was in Oz back in '93. Et voila...

cheers,

Henry
Click to expand...
www.redbook.com.au
which gives AUD 4,100 - AUD 6,300
 
Personally I like cars.com or eBay Motors.

I've sold four cars through them and gotten equal to or more than what
I wanted for them...while was above Kelley Blue Book on all.
 
JohnM said:
I have recently updated my wife's Volvo to a second hand V70 and as it
was a private purchase I am now left with a 1993 850GLE which I have
been trying to sell for nearly 4 months.
I've advertised for 6 weeks in the car section of the newspaper, 4
weeks in Autotrader, 6 weeks in the Quokka (local trading paper) and
on the web.
Its not that people don't like what they see, its that only 3 people
have called and the one that turned up said she was really after a 740.
I started at $7200 and am now down to $4,990 which I thought would be
cheap. Does anyone have any info on where to advertise and how much is
a fair price for this type of vehicle?
Click to expand...


I have always done my buying research on edmunds.com - go the true
market value section to get an idea of the range for your car would be
in the US. Looks like best case would be around $3000 USD. I bought
my daughter a 1995 850 last year with 43k miles in nearly perfect
condition for $4700 USD.
 
JohnM said:
I have recently updated my wife's Volvo to a second hand V70 and as it
was a private purchase I am now left with a 1993 850GLE which I have
been trying to sell for nearly 4 months.
I've advertised for 6 weeks in the car section of the newspaper, 4
weeks in Autotrader, 6 weeks in the Quokka (local trading paper) and
on the web.
Its not that people don't like what they see, its that only 3 people
have called and the one that turned up said she was really after a 740.
I started at $7200 and am now down to $4,990 which I thought would be
cheap. Does anyone have any info on where to advertise and how much is
a fair price for this type of vehicle?
Click to expand...


I have always done my buying research on edmunds.com - go the true
market value section to get an idea of the range for your car would be
in the US. Looks like best case would be around $3000 USD. I bought
my daughter a 1995 850 last year with 43k miles in nearly perfect
condition for $4700 USD.
 
JohnM said:
I have recently updated my wife's Volvo to a second hand V70 and as it
was a private purchase I am now left with a 1993 850GLE which I have
been trying to sell for nearly 4 months.
I've advertised for 6 weeks in the car section of the newspaper, 4
weeks in Autotrader, 6 weeks in the Quokka (local trading paper) and
on the web.
Its not that people don't like what they see, its that only 3 people
have called and the one that turned up said she was really after a 740.
I started at $7200 and am now down to $4,990 which I thought would be
cheap. Does anyone have any info on where to advertise and how much is
a fair price for this type of vehicle?
Click to expand...


You are seriously delusional about your asking price.

I recently did the research and sold our '96 850 in excellent condition
for $3750 to a friend. I would be surprised if any '93 850 had a value
over $2500.

You can check edmunds.com or kbb.com to get some numbers.

Also look at ebaymotors.com completed auctions.

John
 
John Horner said:
JohnM wrote:

You are seriously delusional about your asking price.
Click to expand...


You are seriously oblivious for not noticing that the OP is in
Australia. His $4,990 is about ¤3000, which is _far_ from 'delusional'.

cheers,

Henry
 
Henry said:
You are seriously oblivious for not noticing that the OP is in
Australia. His $4,990 is about ¤3000, which is _far_ from 'delusional'.

cheers,

Henry
Click to expand...
Mr Horner's USD 2,500 is AUD 3,300 (roughly), which reflects the usually
cheaper US market. What a used Volvo might attract in Europe or the USA
is no indicator of its value in Australia.
 
Thanks for all the input. I will try a few of the recommendations
including (yet another) price reduction.
 
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