2001 Is300 Resell Value?

[IS300inDC]

Hello, guys.

I need some advice from you. I'm considering an idea to sell my IS300 to my friend and was wondering what would be a fair price. Bluebook says $20500. If I bring it to a dealer, I would get $18000 according to the book.

I have a 2001 IS300 (full option) with 31,000 miles on. It just got 30,000 mile service ($750). I've never missed a service. The car is in an excellent condition with a very minor scratch/dent on lower part of the right rear door and body. Tires (performance) and wheels (Lexus factory made) are only a half year old. I've also purchased 3 additional factory warranty from Lexus.

I'm plannig to sell my car at the end of this December.

How would I find a fair price?

What would be a fair price?

(and, is there any potential buyer ou there?)

Thank you for your time and input.

[bartkat]

Trade in = $18,324

Private sale = $20,344

Dealer retail = $22,382

You can run the appraisal program here.

http://www.edmunds.com/used/2001/lexus/is3...e.num1.1.lexus*

[SKperformance]

I still say that is high since the 01 is not wanted as their are more improvments on an 02

as well full options is meaningless as their are 3 tiers in Canada not sure where you are but here it is a,b and c

which interior ,rims and otehr options do you have

[bartkat]

That's another good reason he should check on Edumds.com and plug in his zip code. Prices do vary by location.

[IS300inDC]

Thank you so much for your quick and timely input.

I've used online calculator and got the similar result. Private transaction = around $20500.

The seller (I) is located in Washington DC and the Buyer in Boston.

This is my first time to sell or buy anything this expensive between friends. I'm not looking to make a large profit. I just want to be fair. What should be the price range? I would assume that usually it's hard to find a buyer right away and the end price tends to be lower than the result by calculator.

Please, give me some number and your justification/ opinion.

Thanks a lot.

[bartkat]

Thank you so much for your quick and timely input.

I've used online calculator and got the similar result.  Private transaction = around $20500.

The seller (I) is located in Washington DC and the Buyer in Boston.

This is my first time to sell or buy anything this expensive between friends.  I'm not looking to make a large profit.  I just want to be fair.  What should be the price range?  I would assume that usually it's hard to find a buyer right away and the end price tends to be lower than the result by calculator.

Please, give me some number and your justification/ opinion.

Thanks a lot.

←

The prices you find online are selling prices, not asking prices. Blue Book prices are derived from actual sales.

It's your choice man. I doubt there's any profit in selling a car you've had for awhile. Maybe price it between wholesale and private sale value. If selling to a friend, get the money up front. It's easy to lose a friend over a car deal.

[IS300inDC]

Thank you for your advice.

Hope things go smoothly.

[SlickWillie]

I'm in the market for an '01 or '02 in Northern VA. Is it 5 spd?

[SlickWillie]

ok, I'm tired and a 1/2 wit.

01-its auto. answered my own question.

I'm looking for a 5 spd.

[IS300inDC]

You are right. It's auto (5 speed e-tronics).

ok, I'm tired and a 1/2 wit.

01-its auto.  answered my own question.

I'm looking for a 5 spd.

←