resale prices?

[aslusers]

A friend just told me she saw a smart driving around Indianapolis with a big FOR SALE sign on it.

I see several listed for sale here in the marketplace area - but it's hard to tell if they are selling for more than MSRP.

I'm NOT interested in selling, but I'm curious what they are selling for.

I imagine with a 23 month wait (that's what Max told us here in Indy), there is quite a mark up for these "new/used" Smarts.

What kind of profit are people making?

Holly

[bumblebee]

If you check eBay they are probably selling $3,000 - $5,000 over msrp. I heard there was one in Dallas at a used dealer lot that was sold within a day for $3,000 over.

[Dave Van]

Figures the first car I buy that goes up in value is the one I would not sell!! Hope they just hold better than average value!

[p1nball]

Hey the less there are and the price of gas going $4+ this is just the tip of the iceberg.The SMART was and is a great car investment,you won't lose a dime on it!!!! This is capitalism at it's best!! high demand very low inventory, a seller's market. I would not worry if you get one!!! p1nball

PS, YOU WON'T WANT TO SELL IT!!!!!!!!!!

[herbvdh]

I just saw For Sale sign on a Passion Silver/Silver leather heated seats etc. $19,999 I looked up the price and I figure it was about $3,000 over MSRP This was in Ramsey NJ

[emathis]

Originally Posted by p1nball

...PS, YOU WON'T WANT TO SELL IT!!!!!!!!!!

Very true! For me, this one's a keeper!

[Macaw]

Thing to keep in mind is this.

when you buy a car it's MSRP + destination + Dealer doc + title/plates + tax

so just for yuks lets do the math on a hypothetical cabrio

$18,000-nicely optioned + $600-destination + $150-doc/fees + $100-title/plates + $1395-tax = $20245 out the door

Thats the price you have to sell it for just to break even!

Plus you have to pay for insurance....then you pay the e-bay fee if you list it there...and speaking of e-bay look at the completed auctions very, very few actually sell most end with reserve not met. You better have some pretty deep pockets if you're gonna buy these with the intention of flipping for a profit...

[bentoutofshape]

Within several months, they will be selling for msrp. Keep in mind, these are subcompacts. Within 4 years, it'll sell for half of msrp.
By no means, will this car retain its value like the mini cooper.
I'm not hating, just being honest with myself.

[83Griz]

Macaw is right on, I just recieved my Cab, with leather, heated seats, sport pac and sound pac, I landed it at home for 19200. I wouldnt take less than 25000 for it. And even then I dont know if I would. I'm currently making (saving) $2000/yr in fuel (at $3.69 gal) over my pickup. I'd be more apt to sell my 66 mustang.

[a2jack]

We have 7,000 miles now on the ode and we do enjoy the car. However, if a better Micro car comes to the US, our Smart will be sold.

Better, could be any new state of the art car. but it will be another Micro car.

We expect to sell it used for the same price that we paid new.
We have done this twice with Subies in the gas crunches of the 70s and 80s. `

A2Jack.