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Can't sell almost new car...Why?

HVAC-EMT's Avatar

Join Date: Dec 2006
Posts: 165

01-28-07, 06:22 AM   #1  
Can't sell almost new car...Why?

I bought a 2007 Hyundai Accent SE hatchback for my wife in July or August of 06' (when they first came out). a couple months later, we found out she is pregnant. We typically keep our cars till they hit 150,000 miles or so, but since a hatchback is not very easy to put a car seat in and out of, we decided to get a 4-door sedan (got a great deal on a 2000 Cadillac DTS). We had bought the Hyundai for $15,580, drove it from MA to IL, CA, NC, then back home. As we do a lot of driving, we have racked up 13-14,000 miles, and figured $13,500 obro would be a fair price, but despite listing it in 4 papers for 2 weeks and putting up flyers, I haven't gotten any serious calls for it. Is the price I am asking unreasonable? Any suggestions as to how to sell it quicker?

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Jack the Contractor's Avatar

Join Date: Dec 1999
Posts: 3,140

01-28-07, 06:47 AM   #2  
There is an old saying in sales. It is only worth what someone is willing to pay for it. I have no idea what you think it is worth, but we do know that the buying public thinks your price is too high. I think you know the answer to your question. Good Luck

mango man's Avatar

Join Date: May 2004
Posts: 2,122

01-28-07, 06:58 AM   #3  
you'd have to be in the >10,000 range to get my attention

2,000 less than retail for 6 months and 14k miles isn't reasonable (as your finding out )

you take a HUGE hit on deprecation when you roll that new car off the lot , as your finding

(which is why mango man has never bought new )

stickshift's Avatar
Group Moderator

Join Date: Oct 2004
Posts: 18,476

01-28-07, 08:03 AM   #4  
Yep, you're too high. $2000 off might have been ok a couple weeks after you bought it, but you're going to take a massive loss compared to what you paid for it in order to sell it now. This is the kind of deal people like mango man and I who only buy used dream about - someone else taking a huge depreciation hit and then selling us a nearly new car.

twelvepole's Avatar

Join Date: Aug 2000
Posts: 15,834

01-28-07, 02:19 PM   #5  
You can't get what you think it's worth on trade-in either. Thus, many of us decide to drive our cars until the wheels fall off.

the_tow_guy's Avatar
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Join Date: Feb 2001
Posts: 11,474

01-29-07, 04:51 AM   #6  
I did a quick check on autotrader.com and got 93 hits on a Hyundai Accent. Average price comes up $13,193, but only one of the matches had ovr 10,000 miles on it. Most had under 5000 and a lot of them less than 1000. I'm thinking if you can get $12k you'll be doing good.

Measure it with a micrometer; cut it with an ax.

fsufan8's Avatar

Join Date: Sep 2006
Posts: 103

01-29-07, 02:56 PM   #7  
As the others have stated, once you drive that car off the lot, the thing depreciates a good $1500 for a car in this price category (figure about 10% of the purchase price). Yours is not even a year old and has a higher than average number of miles on it. Like the other guy said, if you get $12K, you should take it and run as fast as you can. To be hoenst, Hyundais are not the most desirable cars on the planet. If you stuck that car on eBay, you'd probably only get about $10-11K for it. Good luck but definitely check the internet and kelley blue book before lsiting a car for sale ...you might have sold it by now if you had priced it better.


fz6yamaha's Avatar

Join Date: Feb 2007
Posts: 7

02-09-07, 11:22 AM   #8  
I would say: "I can get a new Yaris, or a new Corolla for 11k or 14k" why bother with Hyundai?, IT is not about what is worht to you, it is about the competion out there.

When we bought one of our car 04used Corolla we paid about 12k(whe bought on 05) with about 20k miles, we could get an 05 with 10k miles Neon for less than 12k, but everything comes down to reliability and brands, I am not saying Hyundai does not deserve a chance, but you are competing with Brand new Japanese cars that are known for being reliable for about the same price you are asking.

Cars are the worse investment out there IMO, you always lose money after you use them, you may have to take a hit on this one and sell it for much less or just wait it out until some one shows up.

shimp's Avatar

Join Date: May 2005
Posts: 54

02-09-07, 03:19 PM   #9  
general rule these days.....

payment on a new vehicle is cheaper than payment on used vehicle...

mfgers have rebates/warranty/cheaper financing..

used vehicle financed via credit union/bank is higher rate=higher payment

airman.1994's Avatar

Join Date: Dec 2005
Posts: 5,581

02-16-07, 07:48 PM   #10  
Most people don't have the cash to buy a $13000 used car but they could get a loan for a new one at $16000. For as little money as your talking about Id take the new one.

sammynj's Avatar

Join Date: Mar 2007
Posts: 25

03-06-07, 09:07 AM   #11  
sell sell sell

two weeks in this market isn't uncommon-market it everywhere-on the internet free sites(craigslist) post photos with it, clean it up, park it on your front lawn get large 4 sale signs, print out the edmunds book value and post it in the window-good luck

bmwgolfguy's Avatar

Join Date: Mar 2007
Posts: 75

03-10-07, 08:29 PM   #12  
Price of car

I would check with Kelly Blue Book.com, Edmunds.com, Blackbook.com.

Any of those sites should help you with a price.

Good luck.

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