Figuring out selling price of used RX300
#1
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We have enjoyed the 1999 RX300 our daughter had bought new and sold it to us when she bought her new car. Even though it runs reliably with 105,500 miles on it, it's time to bid it farewell.
How do we figure out a fair price for selling it through Craigslist and FB Marketplace?
How do we figure out a fair price for selling it through Craigslist and FB Marketplace?
Last edited by rmk9785e; 06-13-24 at 05:16 PM. Reason: Signature update attempt
#2
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Rx is not a unique vehicle that come up for sale very infrequently. Condition, milage, year influence the price. You can check blue book value. If you see posting that has not been able to sell, that gives you an indication that the price is not attractive.
Keep in mind the prices are very local to the city where you live.
Check with your state dept of motor vehicle to learn the legal requirements at the time of sale and follow them to the T. There are some vague time here in State of Texas such as "the owner can remove the plates" and now I know that it is better to keep them.
I would also suggest a bill of sale document [which is not a must] but if you word it right with "as is, no warranty" and "the buyer is encouraged to take the vehicle for presale examination".
Also make sure you have all the papers in hand to make the sale [clear title].
Since Club Lexus rules prevent for sale ads in Forum, you can post for sale in Market Place. There are some conditions.
Salim
Keep in mind the prices are very local to the city where you live.
Check with your state dept of motor vehicle to learn the legal requirements at the time of sale and follow them to the T. There are some vague time here in State of Texas such as "the owner can remove the plates" and now I know that it is better to keep them.
I would also suggest a bill of sale document [which is not a must] but if you word it right with "as is, no warranty" and "the buyer is encouraged to take the vehicle for presale examination".
Also make sure you have all the papers in hand to make the sale [clear title].
Since Club Lexus rules prevent for sale ads in Forum, you can post for sale in Market Place. There are some conditions.
Salim
#4
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I use KBB.com, NADA.com, and Edmunds.com, for valuations. With the age of our cars, value is all matter of opinion. I think my car is worth twice what amount those sites give, but if I were to sell it, I have to ask myself a few questions. 1). Do I want to sell it quickly? 2). If I hold out for what I think it's worth, do I want to put up with strangers test driving my vehicle over and over? 3.) What is my car really worth (all feelings and history aside)?
Salim mentioned the Market Place, I listed my LS400 there a couple of years back and sold it within hours.
Salim mentioned the Market Place, I listed my LS400 there a couple of years back and sold it within hours.
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