What do you think is a fair asking price?
April 6, 2012 12:10 PM Subscribe
How can I price a used car that *might* need to have the transmission replaced or rebuilt soon? Looking for tips, guidelines, experiences, etc.
The car is a 2001 Saab 9-3 (the 2.0 liter, 185 hp automatic transmission hatchback version). It has ~120k miles, not bad for a ~12 year old car, and is in what I would describe as 'OK' to 'Good' condition.
There are a few problems with the car -- the antenna mast is broken, the A/C compressor is kaput, the front rotors should be replaced soon and, most significantly, the transmission *seems* to be on it's way 'out.' There's also a smallish dent over the left rear wheel well. Otherwise the car has relatively minor wear and tear and the tire treads are acceptable.
The transmission *seems* to be on it's way out because back around Thanksgiving when I was at a friends, the car would not shift into reverse. I ended up having to have it towed and even when put into neutral the front wheels wouldn't spin -- like the parking brake was stuck. I ended up buying a used car as a result of this.
I had my mechanic buddy look at it for me and he tells me that he's pretty sure it's the transmission because they could hear odd sounds when it was on a lift. My dad thinks it's the rotors sticking to the parking brake but my mechanic friend doesn't think this is the case. Eventually it did start to function, but I would not consider it reliable.
Now I'd like to sell this thing but I don't know what is a fair asking price. KBB values it at ~$2,000 (Fair) to ~$2,500 (Good). A local Saab repair place tells us that replacing the transmission with a used transmission (which run $300-500 depending on condition) would cost $1300-1500.
I don't have any amount of money I *need*, but rather I want to get rid of it and could use the money, whatever amount is fair.
Ideally I'd find a motivated individual who likes working on cars, but that isn't a guarantee. What's a fair price, MeFi? BTW the geographical region is Maine, USA.