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Hey guys. Going to be selling a 2002 Formula M6 with 44,000 original miles. Black, t-tops, cloth, Monsoon, and cat back exhaust. All stock other than that. Located in Biloxi, MS.
Well, since this is the "What's it Worth" section, I can tell you that we've seen a few similar cars bought/sold in the last 12-18 months, ranging between a '99 and an '02, M6s with 20-30k miles. A couple of them confirmed sale prices in the $10-12k range. Yours has a bit more miles, seems to have a broken antenna and the typical bulged fender (from improper jacking), but looks nice otherwise. No idea what the title history might be, nor the state of its mechanical condition, but $10k is probably going to be the ceiling for something like this.
1.3 out of 5 grade, $5800 sell price and sold again at the same auction after a month. Not good signs my friend. I know Manheim is brutal on their grading, but a 1.3 is surprising to me on a 44K mile car, and seeing it auctioned again that quickly tells me something is seriously wrong it. You've got roughly $6600 in it right now after fees and transport costs, if nothing terrible is wrong, shoot for $8k, if something is wrong, you're going to be lucky to get your money out. I don't see 10K for a 1.3 graded, low option car.
^^^ That's alarming but typical of auction cars in far too many instances for my liking. No history of the car is just a killer for me personally. The Carfax can only tell you so much, and certainly not whether it was garage kept or left out in the salt air by the ocean, Titles can be messed with (state to state variables). Just a real gamble sometimes. OP< I wish you the best..
^^^ That's alarming but typical of auction cars in far too many instances for my liking. No history of the car is just a killer for me personally. The Carfax can only tell you so much, and certainly not whether it was garage kept or left out in the salt air by the ocean, Titles can be messed with (state to state variables). Just a real gamble sometimes. OP< I wish you the best..
I know manheims grading system and it's absolutely brutal. A slightly crushed frame rail from jacking the car up is called frame damage, and any minor imperfection is noted. I have a two owner, 17K mile, garage kept, fully documented 96 Impala SS with a couple of tiny scratches and they would likely call that a 4.0. Usually, a car from the 00's will be right around a 2.6 grade, and that is a nice car, completely sellable, a 1.3 grade is usually reserved for something with substandard repairs, substandard paint, and terrible interior. I'm not seeing that in the pics, only major damage I see is the passenger fender kicked out from an idiot tire shop jacking it up by the pinch weld. It has to be something hidden that's causing the poor grade, coming from Chicago, it's probably bad rust.
There have been two formula's local to me sell this past year. 1 was original owner just about identical to this one but red M6 with all sorts of paper work and 66k miles and sold for $9k. The second was a black WS6 formula clone M6 with 98k miles and leather and some typical mods and sold for $8.8k. Both were private sale. I test drove the red car, it drove and smelled like my 32k mile SS I bought back in 05. I ended up being a responsible adult and getting a G8 for $9k
05-30-2018, 03:54 PM
2002 M6 Formula 44,000 miles 
