Insane markups on local Craigslist ads

Coconut

Coconut

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22 April 2012
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105k for a stock '03? Come on, people...
 
Since I'm not in the buying market I'm perfectly fine with that.

When I had my truck "totaled/salvaged" from a T-boned hit-n-run back in March 2011 State Farm researched the market prices to determine the value of my truck that I bought recently to do some hauling.

I bought my truck that needed $500 of repairs for $2k with 150k miles on it.

After the Tsunami the truck value went up to $12k!?!??!?! So I netted a $10k profit thanks to the market value.

it also helps that I detailed the truck with Zaino so it looks like a much younger truck.

Used car prices all over have gone up thanks to the Tsunami and economic conditions.

The thought process here is that if your NSX were to get totaled you may benefit when the insurance company does a search of current market prices.

makes sense?
 
I have no issue with those prices, since I already own mine ;)
 
Coconut said:
Holy cow all of these popped up on Craiglist (local to me). What the heck is going on? Yea, these are nice examples but come on...

$ 75,888 04' 24k mi http://sfbay.craigslist.org/eby/cto/3691140207.html
$105,600 03' 20k mi http://sfbay.craigslist.org/eby/cto/3690120902.html
$ 59,995 01' 33k mi http://sfbay.craigslist.org/sfc/ctd/3679185499.html
$ 69,998 01' 23k mi http://sfbay.craigslist.org/nby/ctd/3665348952.html
Click to expand...

Well this is the Bay Area, it's an affluent population so prices are going to be higher. Other than the 105K one I don't see anything outrageous.

NSX prices are on the rise man...
 
TURBO2GO said:
Well this is the Bay Area, it's an affluent population so prices are going to be higher. Other than the 105K one I don't see anything outrageous.

NSX prices are on the rise man...
Click to expand...

I've found that prices on the west coast to be a lot less than the midwest. That's why I bought mine out there.
 
BATMANs said:
Since I'm not in the buying market I'm perfectly fine with that.

The thought process here is that if your NSX were to get totaled you may benefit when the insurance company does a search of current market prices.

makes sense?
Click to expand...

I'm also fine with those prices and any gain in market value

...although for those of us with agreed value insurance, we need to up our replacement value
 
Low miles examples are getting rare by the day and they command top dollars if it is all original with service records. Yeah $125 and $105 is out in the left field "priced to sit " :rolleyes:
 
Been waiting for a red 05 with black interior. Sound tempting. But at that price range, got to wait for the new nsx first.
 
This is perfect in the event my car gets totalled. USAA will research market replacement cost + tax and title :) Seeing that my car has a branded title I'm not sure exactly how it would pertain to my specific vehicle but I do know I'm paying full insurance premiums. I figured out if they went with these types of list market values and cashed me out at 80% I'd still come out $10-$15k ahead. Not bad I suppose.
 
I guess you guys are right. I'm not really complaining since this is good news for my low mileage NA2.

What we are seeing here is an average increase of 20-25% from lets say 2-3 years ago. I wonder if this increase is across the board, affecting higher mileage or older cars, or even Automatics :confused:

I'd love to pickup an Automatic as a daily driver sometime in the near future.
 
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