2002 4.6is value

rrich49132 · #1 01-03-2011, 09:56 PM

What do you all think a 2002 4.6is value is? Car has 88K miles in good shape and the person seems to think it has a value of 21K using KBB. Also he is using KBB retail value and not private party as well.

I know KBB is on the high side. Also value is based on excellent condition where I think most people are a bit too attached to their vehicles. As per KBB less than 5% of cars meet this.

What would you think the car is worth if in very good shape? KBB has it at $15,885 for private sale so I am thinking about 14K. Am I way off and this would be a very low ball price? Am thinking to just wait the guy out and go look at the car in two weeks as I highly doubt he will get anything close to 21K?

What do you all think?

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mywidebody02 · #2 01-03-2011, 10:10 PM

What color. I found 3 with between 90k and 100k for a little over 18k. If it is estoril expect to pay more.

TwinsPoppa · #3 01-03-2011, 10:18 PM

Quote:

Originally Posted by rrich49132

What do you all think a 2002 4.6is value is? Car has 88K miles in good shape and the person seems to think it has a value of 21K using KBB. Also he is using KBB retail value and not private party as well.

I know KBB is on the high side. Also value is based on excellent condition where I think most people are a bit too attached to their vehicles. As per KBB less than 5% of cars meet this.

What would you think the car is worth if in very good shape? KBB has it at $15,885 for private sale so I am thinking about 14K. Am I way off and this would be a very low ball price? Am thinking to just wait the guy out and go look at the car in two weeks as I highly doubt he will get anything close to 21K?

What do you all think?

I plugged in 88K miles for 2002, 4.6, base options, zipcode 20902 and got $18,285 for good and $19,285 for excellent for Private Party numbers.

$14K seems lowball. Also, 88K is not high mileage for a 2002. If there's not a lot of interest then you can wait him out some more like you said.

rrich49132 · #4 01-03-2011, 10:25 PM

Black. Edmunds has it at $14,500 and KBB has it at $18,500 in good condition but KBB prices are very high.

Weasel · #5 01-03-2011, 10:28 PM

If it needs a little work I'd say $16k to 16,500... if it is pretty clean with no current work needed I'd say about $18k seems right. If it is immaculate and looks like a brand new car that was garage kept and babied all it's life then I'd say easily worth $20k +.

TwinsPoppa · #6 01-03-2011, 10:29 PM

Quote:

Originally Posted by rrich49132

Black. Edmunds has it at $14,500 and KBB has it at $18,500 in good condition but KBB prices are very high.

Edmunds number sounds closer to Black Book/Auction numbers.

tkasser · #7 01-03-2011, 11:25 PM

Back in sept I paid 14,500 for a 03 4.6 that was in great, but not perfect shape with 99k miles. The previous owner traded it in to a BMW for $14,000. It was still considered by many to be a steal. I've put about 3-4k into since then.

I'd still say that for what you are looking at 16-18k is fair for both parties. 4.8's still seem to get mid 20s.

Here are the most recent auction results for an '02

Date Auction Price Mileage Condition Color
12/07/10 STATESVL $15,600 66,851 Above Silver
12/08/10 CADE $15,800 89,810 Above BLACK

Weasel · #8 01-04-2011, 12:24 AM

That price was very good, $500 over trade in?!? I got the same kind of deal about 3 years ago on my 03 4.5is for $16,000 when it was worth almost twice.

rrich49132 · #9 01-04-2011, 09:02 AM

What did you spend 3-4k on. I have big fears buying a BMW with 75k+ miles that is not a steal. The thought of spending a few thousand dollars while paying off the car makes my practical sude say no to the purchase.

c4racer · #10 01-05-2011, 04:04 PM

there are only so many 4.6is out there too, so if that is what you want, you will not have the same bargaining power as on a 4.4i for example. I ended up going all the way across the country to get one in the color I wanted - Estoril. Former CPO car with full maint history and several common failures addressed. 94K miles when I bought it and paid $18K. That was 1.5 years ago. I don't think values have really gone down since then other than factored for miles and condition. It's a great vehicle, and considering mine stickered for $75K, it's a hell of a buy for under $20K with plenty of life left. Will it be as trouble free as a new one? no, but you are spending a fraction of the original cost to drive one killer vehicle. Worth it, IMHO. Especially if you are good with DIY maint and repair.

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