1997 S90 Value ? Is this the right place to post ?

[ppcgm]

Been trying to sell my S90 for months, ever since I stopped needing it for a long distance commuter, and figure I must be off the market since I've only had one potential buyer come and drive it. If I just have too much in it and will have to take a loss to sell it, so be it. I just don't want it to sit and take up driveway space when we have too many cars. We're in the Greenville / Spartanburg area of South Carolina if I need to put that here too.

Any advice on what I should be asking or a venue for selling it ?

Here's the current craigslist item with photos. http://greenville.craigslist.org/cto/4673343108.html

If I've posted this in the wrong area of the forum someone please set me straight.

thanks,

[matthew1]

This is the right place to post this because it's more of a "why isn't this selling" rather than a "S90 for sale" topic.

[93Regina]

Any advice on what I should be asking or a venue for selling it ?

$3,000.00 may be a fair price (I'm not familiar with wholesale/retail prices), but how many people have $3K in cash, or who can get a loan?

Fact: The subprime lending market is growing at an exponential rate. The Federal Reserve Bank of New York shows a doubling of the number of loans issued to consumers with credit scores below 660. In 2008, approximately 22,000 auto retailers sold 16 million cars. Since then, that number has grown to 17 million across just 17,000 retailers.

In China, Most Car Buyers Still Pay Cash, But Financing Is Slowly Catching On - In the United States, it’s the opposite, or more so. About 85 percent of new-car buyers get financing at the dealership, according to Experian Automotive. Many of the remainder show up in the statistics as “cash” buyers when in fact they get direct-to-consumer auto loans somewhere else, like a credit union.

I have not taken out a vehicle loan for a new/used vehicle since 1979, so I have no idea if someone can get a $3K loan via regular institution, or some other means. Nowdays, many of these used-car-lots are selling "loans," not vehicles, at 20% interest rate or so.

Hence, who might be a buyer in your local area, and can they obtain a loan. In my area, few folks have $3K who might buy an older vehicle; and needless to say, Christmas is coming.

[lummert]

NADA shows 1997 Volvo 960 Sedan in your area with 150k miles as:
Rough Trade In: $859
Average Trade In: $1550
Clean Trade In: $2150
Clean Retail: $3975

[Ethan Rode]

I'm loving that color, what a beautiful car! Man, I wish I was closer to South Carolina.

In my neck of the cactus, 960's and S90's max out around $2500 on craigslist, even in nice shape. I bought mine for $900 in good mechanical shape, with a decent interior. I've considered it to be an outstanding value, but I know I'm going to take a bath when I sell it.

Best of luck to you.

[93Regina]

960's and S90's max out around $2500 on craigslist,

In general, in larger cities:

1. Banks allow around $1,000.00 personal loan

2. Older vehicles, no loans; maybe if vehicle is found in Black Book’s Cars of Particular Interest (CPI)

3. Min Loan around $2,500.00 on used vehicles they could repro and break-even.

In smaller cities, if they know you, and you have a track record, then a loan is possible.

I have no idea about "loan sharks," or the sub-prime lenders.

[93Regina]

I know I'm going to take a bath when I sell it.

If it moves, its worth $500.00...scrap metal prices depend upon your location, but 5 to 10 cents per pound is common....higher if you live around a shipping port that ships scrap metal.