2023 CW FL5 with accident - what is reasonable price to sell?

[Acropora]

I have a 2023 CW FL5 that was in an minor accident. 6400 miles. Brought back to stock/OEM by a very reputable shop in SoCAL. Any thoughts on what's a reasonable selling price for this car? Getting quotes from CarMax at $42,000 and wonder if it's even worth the headache to sell private party.

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[Nikw91]

Id take that $42,000 before they change their mind.

Your 2023 car is about to be 4 years old in a few months.

Most will opt to spend $6,000 more to go brand new, no accident and no miles.

 

[LogicalCC]

Id take that $42,000 before they change their mind.

Your 2023 car is about to be 4 years old in a few months.

Most will opt to spend $6,000 more to go brand new, no accident and no miles.

THIS ^^^

 

[Acropora]

Sorry, I was mistaken. It's actually a 2024. But I tend to agree with you. $42k seems like a good offer. I don't think I'll get much more PP but the reality is that they're gonna list it for more than $42k so in theory, there should be a buyer out there for more than $42k. It's just whether or not the potential $1-$2k more is worth the effort and tire kickers.

 

[Xmetal]

Sorry, I was mistaken. It's actually a 2024. But I tend to agree with you. $42k seems like a good offer. I don't think I'll get much more PP but the reality is that they're gonna list it for more than $42k so in theory, there should be a buyer out there for more than $42k. It's just whether or not the potential $1-$2k more is worth the effort and tire kickers.

As someone who just sold a used car recently, believe it when I say that the potential $1-$2k more is NOT worth the hassle or headache! So many tire kickers that asked you a bunch of questions and then disappeared. Then you have those that went as far as setting a time to see the car, but only to ghost you on the day you're supposed to meet. Don't forget about those bunch of low ball offers! And this was with a car that I'm only asking about $5k! So, I can't imagine what it would be like with a car worth this much. Oh...you'll also have to worry about the financial transaction itself - Not everyone has $45k laying around to pay for it! And if they do, do you actually trust the cashier check that they are handing over to you is legit? Just take the $42k from carmax and call it the day.

 

[Acropora]

For sure it can be a hassle. I've sold two cars private party in the past 3 years. One was a Mazda that cost $15k and the other was a F82. I think once you price it where you wanna sell, you get a lot less tire kickers. You gotta let people know you're priced accordingly to sell. I was able to get $3k more for my Mazda than I was being offered on trade in and on a $12k car, that's 25% more. Same goes my BMW, I got about $4k more than what was offered by a dealer.

I'm asking in this case here because $42k seems like pretty close to what I would get from a private party sale but figured I'd ask the forum anyway.

 

[ThunderPigeon]

I would take the $42k. But it seems like you are hell bent on squeezing every nickel out of it. How much more do you really think you are going to get. I only paid about $44k MSRP for my '24. Not to mention you have the accident. That would make me look elsewhere. Why pay almost MSRP for a car that doesn't have a clean title.

 

[asone]

If you're selling the car to buy something else, you should compare trading it in too. I traded in the previous car for $22k when that car was selling for $25 at used car dealers. Private party were going around $23k-$24k. But I saved $2k in sales tax, so trading it in was no brainer.

 

[Acropora]

I would take the $42k. But it seems like you are hell bent on squeezing every nickel out of it. How much more do you really think you are going to get. I only paid about $44k MSRP for my '24. Not to mention you have the accident. That would make me look elsewhere. Why pay almost MSRP for a car that doesn't have a clean title.

Definitely not hell bent. Just trying to get opinions on what a reasonable private party sale would look like relative to $42k. And to be clear, a car that's been in an accident can still be "clean title". In this case, my car still has a clean title (i.e. it isn't salvage or rebuilt).

MSRP are over $47k now, if you aren't aware.

 

[Clark_Kent]

It seems Carmax likely didn't ding you much, if at all, for the accident (provided it actually shows on the report) so I wouldn't stress over it. $42K is a strong number for a 2 year old car that had an MSRP of $44,XXX and now has 6,500 miles. If the accident was in fact minor, it's a non-issue and many buyers don't care so long as the car appears to have been properly repaired. Many buyers probably won't even check the Carfax or equivalent.

It's not worth it to go private party to squeeze out a nominal sum. If anything, I would check other car buying services to see if you can get a higher offer.

 

[Xmetal]

If you're selling the car to buy something else, you should compare trading it in too. I traded in the previous car for $22k when that car was selling for $25 at used car dealers. Private party were going around $23k-$24k. But I saved $2k in sales tax, so trading it in was no brainer.

OP is in CA, which doesn't allow trade-in value to offset taxes. So, trade-in or not, the sales tax on the new vehicle would be the same.

 

[AZCWTypeR]

In AZ I've heard Carvana gives the most $. I got a Carvana price for my FR-S to compare with the dealers trade-in offer.

The Carvana quote was an easy online process. I ultimately went the trade-in route for sales tax reasons.

 

[asone]

OP is in CA, which doesn't allow trade-in value to offset taxes. So, trade-in or not, the sales tax on the new vehicle would be the same.

Thanks. Good to know.

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