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What is an average guestimate % overage of used car prices over traditional "blue book" type values these days ?

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August 27, 2022, 10:54 AM
wrightd
What is an average guestimate % overage of used car prices over traditional "blue book" type values these days ?
I have a 2002 Toyota Camry I'd like to sell. What are customers paying percentage wise over traditional blue book values given the current used car market prices being elevated due to the current shortages and elevated prices of new and used cars ? 10%, 20% ? Or does it depend more on the car year and model than anything else ?




Lover of the US Constitution
Wile E. Coyote School of DIY Disaster
August 27, 2022, 11:17 AM
gpbst3
I would go on AutoTrader, Facebook Market Place, Craigslist or any other website and see how similar vehicles are being priced. Check those prices against Carvana, Vroom, We Buy Any Car, etc.


August 27, 2022, 11:20 AM
P250UA5
I bought my 2012 Malibu LTZ for 5k about 2 years ago, it's worth 8k-ish right now at 85k miles.




The Enemy's gate is down.
August 27, 2022, 12:19 PM
bigpond73
Not quite sure about blue book, but I do look at Craigslist, and the auto trader type sites every once in awhile.

I bought my 2013 F250 about 2 years for around 13k, and now they seem to go for about double the price. Ridiculous, if you ask me.

I would start high on your asking price, and drop from there with hagglers.

Good luck!


Mike


You can run, but you cannot hide.

If you won't stand behind our troops, feel free to stand in front of them.
August 27, 2022, 01:05 PM
Jelly
Much of it depends on the car Year, brand, model, mileage, and condition
August 28, 2022, 06:11 AM
wrightd
quote:
Originally posted by Jelly:
Much of it depends on the car Year, brand, model, mileage, and condition

That wasn't the question. I think. Unless I'm not reading you correctly. Are you saying that those normal factors are in the same, or not in the same proportion, compared to normal price/demand relationships during more normal economic times ?




Lover of the US Constitution
Wile E. Coyote School of DIY Disaster
August 28, 2022, 04:06 PM
Alyron
Book values (online KBB, etc)vary too much to go by at this stage. They seem to somewhat show the craziness. I just sold a 2018 Porsche Macan. Got quotes from Porsche dealer, Carvana, and lastly went to local CARMAX. Carmax offered me 6k more than Carvana. Their answer was that they needed my car. Dealer was close to Carvana. Couldn't walk away from Carmax offer. Good luck and get as many quotes/offers as you can.
August 28, 2022, 04:31 PM
SigSentry
Inflation 15% mas o menos? Market conditions still apply. Used parts, service. 2002 still fairly easy to work on. Low maintenance and reliability are a plus.
August 28, 2022, 04:37 PM
PASig
I’ve read recently that used car prices/values are now dropping so that’s something to keep in mind.


August 28, 2022, 06:27 PM
old rugged cross
i would guess we are pretty close to what normal was going back a few years.

Depending on history, condition, miles etc. An 02' Camry. If good condition 150k +- $3kish?



"Practice like you want to play in the game"
August 28, 2022, 06:55 PM
MelissaDallas
I’m still getting frequent emails from the dealership wanting to buy back my very low miles (18,500) 2017 Camry “SE” (they hope I don’t remember it is an XLE) for several thousand dollars more than I paid for it in 2019.
August 28, 2022, 07:02 PM
BoatsNbullets
Not much demand for a 2002 Toyota.I have a 2003 explorer I’m selling
August 28, 2022, 08:08 PM
Rinehart
Keep in mind that Southern/Western cars are very desirable in the NorthEast/Rust Belt. An average 10 year old rust-free car is a rarity up here. The only way they exist is to be imported. Lots of salt up here in the winters...

Right now many people up North are looking for rust-free cars- and it doesn't always have to be less than four years old...

If you do list any car for sale (nationally or up North) always state it is a rust-free Southern vehicle when appropriate.
August 28, 2022, 09:40 PM
doublesharp
on a 20 yr old car it's all about condition. A well kept toyota has value and I agree with ORC that 3k is a place to start.


________________________
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