How much should I sell a 1998 Mustang for?

Question:
I am wanting to sell it for $7,500. It is in good condition and is very reliable with 87,737 miles on it.. It is a V6, cloth interior and has all of the standard features. I went to kelly blue book and they quoted me about $5,000 for it. However I looked up what other people are selling the same year for and it is much higher and some have even more miles than mine. Do you think my asking price is fair and that I will be successful in selling it for that price. Thank you.

Answers:

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What a pipe dream you have..... I've seen 2000 Mustang with the better design and similar mileage going for $5000.

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If you want to sell, you'll have to drop the price down to $4000.

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The best source to determine price is to see what Mustangs in your area with similar options and mileage are going for. Figure an average, there is always the person who will ask $15K for a 98. I wouldn't think that $7,500 would be possible. I might pay $7,500 for a real clean GT, but probably not a 6. Just my opinion though

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Go to www.kbb.com and click on the "Used car Values" under the large heading "Used Cars". From there you can get your trade in value, retail value (what someone can expect to pay from your car as if it was from a dealership), or private party value which i think you are interested in. Just put in milage, condition of vehicle, and options that pertain to your car for the value.

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Put in what you think you should get for the car, but dont be suprised if you either dont get any interested buyers willing to pay that price....Just remember that just because other people are asking that much for the car that means that they have extras in it or its in immaculate condition (low miles) or they are asking too much....KBB is accurate!

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