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 Old 04-12-2019, 10:12 PM   #1
 
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Default Can my unmodified 08 MS3 fetch more money on resale?

Hello everyone,,
I've been debating selling my MS3. It's an Silver 08 Sport with only 91k miles. I never modded it and it became a family hauler shortly after purchasing. I only drive it hard occasionally. Body and interior are in good shape with the exception of a small ding on the hatch. Paint is just OK. Regular oil changes with Mobil1 for the first 4-5 years followed by Rotella 10w40 for the remainder. Never really had any issues other than motor mounts so almost everything is still original.

KBB says it's worth $4500 max for trade in or $6800 max private party. Does that seem about right? Thinking about trading in for a people mover like a CX-9 but not if that's all I can get for it. I still have a Mazda 5 and a Trailblazer to move the family in the meantime so it's not like I can't get by without another vehicle that can hold the whole family, but I am wondering how much longer I can get out of this vehicle if I continue to just do basic maintenance ....

Last edited by Vansquish; 05-07-2019 at 09:40 AM. Reason: Y'all put a porn link in your post...
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 Old 04-15-2019, 09:47 AM   #2
 
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I don't think anyone can answer your question. There is no KBB or other valuation service for modified cars. The values presume the vehicle is stock and in the condition you state with the mileage you state.

Honestly, I doubt that the valuation of a modified car (which is extremely variable for many reasons), would have anything to do with the value of your car.

Apples and oranges. If anything, it is likely that most purchasers are not likely to want a modified MS3 for fear that it has been ragged to death. But, that does not change the KBB value or the value from other services such as NADA (National Automobile Dealer's Association - which is a paid subscription service). But that does not change the value of your car. On the other hand, if there is a buyer out there who is a speed enthusiast looking for a car with certain modifications that the car has, then it might bring more. You car will be worth what a willing purchaser knowledgeable of its condition is willing to pay. KBB typically reports that pretty accurately if you are honest about the data you supply.

Our cars are not exotic collector's items. You have a ten year old wonderful "hot hatchback" much like mine. But, it is still a ten year old car and buyers will take that into consideration. My car had much higher mileage and some basic performance modifications but nothing affecting reliability.

Accordingly, I sold it to another member here in a private sale. The price I pegged it at was KBB trade in for "very good" condition, and that included a lot of extras, including virtually new maximum performance summer tires. See my signature below. I was the original and only owner of the car.

I was more interested in finding a home for the car and found another board member here who wanted. it and was familiar with the car from my various posts over the years. I was not trying to obtain maximum value. I was content to see that someone who appreciated the car and would take care of it got it rather than holding out for a higher price. I probably could have gotten more, had I waited, and you might do so too, but there are two realities:

1. Every month that you wait, the value will decline.

2. Every month that you wait is another month that may result in additional upkeep and maintenance expenses, even if you have no mechanical failures on a 10 year old car that could be very expensive to repair. If you are on the original turbo, for instance, you have long since been on borrowed time.

Ultimately, you have to choose between trading it in to the dealer for your new car, or selling it yourself for what you can get. In our eyes, our cars are always more valuable than in the eyes of the buyer. The deal is likely to be somewhere in between, and dependent on how long you are willing to wait to find the buyer who will pay top dollar.

I may not be telling you what you want to hear, but you sought opinions. You could try listing it at mid-range KBB private sale retail several places and wait a bit and see what happens. If you need to move into another vehicle soon, you may end up simply selling it for midrange trade in value or trade it is as a part of the deal with your new vehicle dealer.

If working with a dealer on a new vehicle. Don't even mention trade in until the very end. Get your best deal first, based on no trade in. Then let them take your car for KBB average trade it. You usually come out better that way.
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 Old 05-06-2019, 11:31 AM   #3
 
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Originally Posted by Lincon View Post
Hello everyone,,
I've been debating selling my MS3. It's an Silver 08 Sport with only 91k miles. I never modded it and it became a family hauler shortly after purchasing. I only drive it hard occasionally. Body and interior are in good shape with the exception of a small ding on the hatch. Paint is just OK. Regular oil changes with Mobil1 for the first 4-5 years followed by Rotella 10w40 for the remainder. Never really had any issues other than motor mounts so almost everything is still original.

KBB says it's worth $4500 max for trade in or $6800 max private party. Does that seem about right? Thinking about trading in for a people mover like a CX-9 but not if that's all I can get for it. I still have a Mazda 5 and a Trailblazer to move the family in the meantime so it's not like I can't get by without another vehicle that can hold the whole family, but I am wondering how much longer I can get out of this vehicle if I continue to just do basic maintenance ....
Where are you located? I’m looking to buy a gen 1 speed 3.

Last edited by Vansquish; 05-07-2019 at 09:40 AM.
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