Right price?

[Sideoftheroad]

Neighbor is in the biz of selling different vehicles types includes bikes. From most of my talks with him alot of what he sells are bank repos. I can say he is (or was) handling a sell of a former colts player recently so not of it is repo's.

 

He has a stock '04 Midnight w/ 17k and is asked if I thought 7k is a fair asking price. I haven't seen it and plan on it this week, but from what he says it is in good shape nothing major and any surface scratches can be buffed out.

 

To me, I think it seems like a fair price. With this economy, not sure if it will move that quickly though.

 

I just checked kbb and it shows retail $9210 & trade in $6440. Not sure what nada or black book lists it for.

[BG Hawks]

Sounds good to me. I got an 06 Venture for 1300 under KBB. Sometimes those deals come along that you can't pass up.

[Hummingbird]

there's a bank repo auction not far from me and nearly everything sells for about 2/3 of retail or lessor less

 

I've bought several cars and trucks for resale and every one was in horrible mechanical shape, still made money, but something to think about.

 

A bike with few miles on it can't be in too bad condition tho ---

[Condor]

In this economy he should be thinking about trade-in value if he want's to move it quickly. Now if gas goes up to $4.50/gal again ....... that's another story...