How much is it worth?

earthdweller said:
mj2k said:
earthdweller said:
And probably discounting the ones at the likes of Hexagon

Perhaps, but flawed thinking.

They still represent the range of cars available in the market & are therefore what the buyer decides to choose from based on mileage, condition & spec. It is the same as discounting those cheaper than £15k to shift the market balance.

Supply & demand is a critical factor & lower mileage ones are rarer, in the same way a brand new Rolex can sell for many thousands over RRP the day after purchase as there are not enough around to meet demand. If people want them, the market is created as such.

Not sure about that

If you have 20 cars for sale and they are all in the range of say 12-20k from low mileage mint cars to high mileage scruffy ones then the one car for sale at £35k is an anomaly that skews the whole market

The realist price spread is £8k not £23k

But when yours is lower mileage than the market, you look for direction on the wider data points rather than stop at the highest market rate excluding the anomaly. The anomaly, or perhaps the car for the most discerning, drives portfolio elasticity if look at shopper heuristics & the psychology behind choice.

At the end of the day, who knows, time will tell. Don’t need the sale for the wife’s car, just don’t want it tucked up in metal longer term.
 
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