2002 TA going up for sale
#1
Thread Starter
Joined: Jun 2014
Posts: 742
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From: Mid-Michigan
2002 TA going up for sale
2002 red TA, t-tops, leather interior. immaculate condition. 28,800 original miles. never seen winter. no issues. bone stock. you could eat off any surface of this car.
private sale per KBB is in the $14k range. I think my friend can get WAY more.
what do you think? hers is the red one in the picture. mines the silver.
i just don't want her to take a ding on the sale
if needed I can ask her for more pictures. she prolly wont get them until the weekend.
private sale per KBB is in the $14k range. I think my friend can get WAY more.
what do you think? hers is the red one in the picture. mines the silver.
i just don't want her to take a ding on the sale
if needed I can ask her for more pictures. she prolly wont get them until the weekend.
Last edited by bleepster; 04-12-2018 at 12:17 PM.
#3
Joined: Nov 2001
Posts: 32,396
Likes: 1,818
From: Schiller Park, IL Member: #317
2002 red TA, t-tops, leather interior. immaculate condition. 28,800 original miles. never seen winter. no issues. bone stock. you could eat off any surface of this car.
private sale per KBB is in the $14k range. I think my friend can get WAY more.
what do you think? hers is the red one in the picture. mines the silver.
i just don't want her to take a ding on the sale
private sale per KBB is in the $14k range. I think my friend can get WAY more.
what do you think? hers is the red one in the picture. mines the silver.
i just don't want her to take a ding on the sale
There was a '98 that sold twice recently in my area, very similar specs as your friend's other than the year (40k miles, red, excellent condition, base Trans Am). This was an auto car and it sat forever at $13k, eventually dropped all the way to $10.5k and still sat for a while until finally the listing went away. About 8 or 12 months later it popped up again, about 3k more miles on it but otherwise the same car in the same shape (key indicators confirmed it was the same car), new owner about 30 miles away from the previous listing. He started at the same $10.5k that it was last listed at, and the car sat again. It dropped to $8500 before selling last fall.
Your friend's is an '02, which is a plus, but even if it's an M6 it's not going to bring high teens or better at that mileage without being a WS6 car.
#4
Joined: Nov 2001
Posts: 32,396
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From: Schiller Park, IL Member: #317
Some sellers tend to be dreaming with their valuation of such cars. Several "right buyers" may come and go if one is holding out for a dollar amount that isn't consistent with market reality. I've seen some examples sit for sale for years due to this. All depends on how much someone truly wants to sell their car, and how great their actual and opportunity costs are for keeping it.
#5
Some sellers tend to be dreaming with their valuation of such cars. Several "right buyers" may come and go if one is holding out for a dollar amount that isn't consistent with market reality. I've seen some examples sit for sale for years due to this. All depends on how much someone actually wants to sell their car, and how great their actual and opportunity costs are to keep it.
The last car I sold (2002 triple black vert w/28k sold on Craigs List to a guy from Germany for 14.5K). Sat here for a year. Everyone was telling me I was too high. Guy shopped me hard locally and came back with the cash saying that nothing compared.
#6
Joined: Nov 2001
Posts: 32,396
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From: Schiller Park, IL Member: #317
That really depends on how overpriced the cars is. There is a certain price point for every vehicle above which no buyer will ever come along.
One must remember that life is limited, so there is always a trade off (opportunity OR actual costs) if you wait too long.
One must remember that life is limited, so there is always a trade off (opportunity OR actual costs) if you wait too long.
#7
Thread Starter
Joined: Jun 2014
Posts: 742
Likes: 51
From: Mid-Michigan
thanks for the replies. Its an automatic trans (if memory serves correct)
this is the information i was looking for. this helps. I was off on the value
thanks for the insight.
and for the mod who moved this - thanks - i never saw this portion of the forum before.
this is the information i was looking for. this helps. I was off on the value
thanks for the insight.
and for the mod who moved this - thanks - i never saw this portion of the forum before.
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#8
I can see the car being worth $11K-$13K to the right buyer. In my mind the car has a similar value to a 2002 Camaro SS with the same options. My experiences have been Trans Am and SS's are similar in price....WS6's about 10-20% more. What the Firebird gains in the "cool" body style factor (and Pontiac Corp gone) the SS ads back in with a performance/trim package - not to mention additional Y2Y content.
I was surprised that KBB was so high on this Trans Am - $13,400 by my numbers adding in every option I could think of...and assuming it's in the top 3% of ALL similar cars with similar mileage.
By comparison, a 2002 SS A4 with 28K miles books KBB at a pitiful $9,956 tops. So clearly, one or both of these numbers is wrong. I would submit reality is in the middle. Fwiw, I looked at an exceptionally clean 2002 silver Trans Am with 44K miles back in 2011. It looked like a 20K mile car and drove wonderfully - 1 owner car. Asking price was $11,500 and it sat on the dealer's lot for over 6 months. I offered $10,500. That was 6 years ago...and it's not like these cars haven't continued to depreciate $100-$200/month. Today I figure that car is worth no more than $10K if the mileage is still 44K. Figuring 20K miles less (a 28K mile car) would add $1300-$2000 in value to the Trans Am...or approx $12K in my mind.
My own 1999 Camaro SS M6 with 19K miles and considerable SLP content only KBB's for around $8500. For some reason KBB loves Pontiacs. Makes no sense to me. Normally I hammer KBB for being too low on these cars. In this case, you'd be doing great to get $14K for a 28K mile red Trans Am A4. The $14K-$18K range is where the 20K mile WS6's typically live.
I was surprised that KBB was so high on this Trans Am - $13,400 by my numbers adding in every option I could think of...and assuming it's in the top 3% of ALL similar cars with similar mileage.
By comparison, a 2002 SS A4 with 28K miles books KBB at a pitiful $9,956 tops. So clearly, one or both of these numbers is wrong. I would submit reality is in the middle. Fwiw, I looked at an exceptionally clean 2002 silver Trans Am with 44K miles back in 2011. It looked like a 20K mile car and drove wonderfully - 1 owner car. Asking price was $11,500 and it sat on the dealer's lot for over 6 months. I offered $10,500. That was 6 years ago...and it's not like these cars haven't continued to depreciate $100-$200/month. Today I figure that car is worth no more than $10K if the mileage is still 44K. Figuring 20K miles less (a 28K mile car) would add $1300-$2000 in value to the Trans Am...or approx $12K in my mind.
My own 1999 Camaro SS M6 with 19K miles and considerable SLP content only KBB's for around $8500. For some reason KBB loves Pontiacs. Makes no sense to me. Normally I hammer KBB for being too low on these cars. In this case, you'd be doing great to get $14K for a 28K mile red Trans Am A4. The $14K-$18K range is where the 20K mile WS6's typically live.
Last edited by Firebrian; 04-17-2018 at 11:02 AM.
#9
Joined: Nov 2001
Posts: 32,396
Likes: 1,818
From: Schiller Park, IL Member: #317
I was surprised that KBB was so high on this Trans Am - $13,400 by my numbers adding in every option I could think of...and assuming it's in the top 3% of ALL similar cars with similar mileage.
By comparison, a 2002 SS A4 with 28K miles books KBB at a pitiful $9,956 tops. So clearly, one or both of these numbers is wrong. I would submit reality is in the middle.
By comparison, a 2002 SS A4 with 28K miles books KBB at a pitiful $9,956 tops. So clearly, one or both of these numbers is wrong. I would submit reality is in the middle.
#10