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Old 12-27-2009, 06:32 PM   #1 (permalink)
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Fair price for this Supra?

Hey guys, I'm selling my daughter's 1989 Supra (auto, 7M-GE) because she needed a more practical and reliable daily driver, so she took my '91 Camry (NICE car). Anyway, I had the Supra on Craigslist for $1600, stating that it had an oil and coolant leak. Had a couple bites, but no takers. So today I fixed the coolant leak, which was a bypass hose right under the distributor. When I had the distributor out, I noticed the seal was no good and was a definite oil leak there. After fixing those items, I listed it again and raised the price to $1850, as it's now ready to drive with (hopefully) no issues. Does $1850 appear to be a fair price? Thanks for any feedback!

Edit: Got Photobucket image to load

http://lexington.craigslist.org/cto/1526305178.html

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Old 12-28-2009, 01:17 PM   #2 (permalink)
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Really, you're only trying to appeal to a very small market. The Mk3 is an under-loved car. The one you're selling has higher miles, it's the non-turbo and the automatic. It also has aftermarket wheels (for better or worse), a paint job that may mean any number of things, the statement of "solid" leaves something to be desired regarding previous body damage information. No information is given regarding things like interior (is it the leather or cloth? Condition?) was it the Sport Package (added limited slip and TEMS (Electronic Suspension), etc.) and so on.

I also rarely go for KBB for a price estimate, while often friendly to the seller, they seem to be less accurate to the market.

I often go by Edmunds, but they're pretty harsh to the Mk3 and only go back to '90:

[img]http://xd.**********s.com/uploads/9a7cdcb46b.gif[/img]
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Old 12-28-2009, 02:07 PM   #3 (permalink)
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Hey Jeeves, thank you for the feedback, as well as the info on Edmunds. Very good info there, I didn't realize there was that wide of a gap in pricing accuracy between the 2. Lol, it really appears as though they are pretty much haters of the MK3. I can hardly believe $845 private party value. I got almost that much for a truly ragged-out '90 Camry wagon with nearly 400k miles on it!
What surprises me is that Edmund's has it priced down into the "transportation special" price range, with no apparent value added because it is (or was) a premium sports car or otherwise "special" vehicle. Also surprised at the negative hit for mileage penalty. That's a heavy hit, considering that it's averaged just under 10k miles per year, and is pretty much on-par with most others I've seen listed. But the bottom line is, it's only worth what someone's willing to pay for it.
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Old 12-29-2009, 08:26 AM   #4 (permalink)
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Quote:
Originally Posted by JJJJJJ View Post
It'll go for $2k in the summer.
I didn't really think about that, but it is somewhat of a seasonal car that certainly have more appeal in the summer (not that I'm a "seasonal" car shopper, but many people are).

If I wasn't being sent down to San Antonio for 6 months I'd consider keeping it myself, but I don't want it sitting at my apartment building unattended for that long. It looks like I've got someone interested, but may have to take a nuch-needed new laptop in on trade.
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Old 12-29-2009, 12:39 PM   #5 (permalink)
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It depends entirely on the market. I've seen Turbo Mk3's sit on the market for months at $2.5 and I've seen NA's go at $4k.

If you look on AutoTrader you'll notice the kind of unreal prices people expect from these cars, e.g. there's one for $7,500 right now. That's a bone stock N/A. However if you look at the mileages they range from 35k to 144k. Mine had 136k before I swapped clusters. 195k is on the high side.

It's the same game as selling anything in this world. Supply -vs- Demand. You either mark it higher and hope someone trys to haggle a bit to get you down rather than brushing off the price and wait out the sale time a bit. Or you mark it cheap and get it off your hands faster and take a bit more of a hit. In the grand scheme of things, whatever it was is pretty pointless now (sadly). It ran a stock quarter mile time in the 14 second block and these days lots of production cars can knock that out. It doesn't take a mid-30K, turbo, RWD, car to do it. It was a beast for it's days. That's about what can be said for it.
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Last edited by Jeeves; 12-29-2009 at 12:43 PM.
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Old 01-02-2010, 10:47 AM   #6 (permalink)
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it depends where you live too. Here in canada where most of these cars are destroyed by road salt come their later years they ten to keep a good value if they are in nice condition. Then there are the people of Quebec where I live that dont ever look outside of Quebec to see what the rest of the world prices their cars at, so they just put them high because they think NA automatics are worth something.
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Old 01-10-2010, 09:09 AM   #7 (permalink)
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Update: I ended up blowing it out for $1200. After advertising it for $1600-$1850 and not getting any serious hits, I put it in for $1200 firm and got a lot of fast and serious hits on it. It should have and could have brought more if I had the time and inclination to try, but that's what it had to be priced at for a quick sale.
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Old 01-10-2010, 12:24 PM   #8 (permalink)
one turbo is one too few
 
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Sorry to see you didn't quite get what you were looking for. Markets for used goods can be fickle depending on the timing.
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Old 01-13-2010, 05:04 PM   #9 (permalink)
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wow....that car is maddddddddd clean..i have a camry..so i was just snooping around the forums....man i would buy that if i didnt have my camry....how many miles is on it?????..
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Old 01-16-2010, 05:04 PM   #10 (permalink)
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Most def. correct on the fickle used goods market Bob. The items I've had the hands-down best success with selling on Craigslist has been used furniture, as long as it's priced reasonably low. Other than that, I'd much rather be a used-car buyer than a seller.

cocacolagrl, trust me, you're MUCH better off with the Camry than you would have been with this car! It had just under 200k miles. If this car was as good mechanically as it looks, I would have kept it. Actually, my daughter would have kept it because it was her car, but she was getting tired of the mechanical issues and lack of reliability. She is very happy now with her '91 Camry that is as sound mechanically as it looks (and it looks great!).
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Old 01-17-2010, 09:06 AM   #11 (permalink)
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oh wow really....i would have never been able to tell just by looking at it....
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Old 01-18-2010, 09:57 PM   #12 (permalink)
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i would try kbb.com and see what they come up with. usually the insurance goes by the same website too.
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Old 01-19-2010, 05:50 PM   #13 (permalink)
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Quote:
Originally Posted by cocacolagrl View Post
oh wow really....i would have never been able to tell just by looking at it....
Mk3's are not notorious for their reliability.


Some do, some most certainly do not.
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