: Well the time has come...
12-21-2003, 01:55 PM
For financial reasons, I have to sell my car. Now I have look at NADA and Kellys Blue Book and I am having a hard time coming up with a good price to sell my car for. NADA says $13,200 to a dealer and 15,625 to sell on my own and Kelly's says $12,415. Now I only have 5,700 miles on a 2002 SVTF, and I'm in the process of returning the few things I've done back to stock. My questions would be:
How good of luck will I have selling my SVTF?
Will I get at least $13,000, (for I still owe $15,900 and will still owe after it is sold)?
Am I just screwed? 
Has anyone here had any luck selling theirs for a good price?
Any comments would be appreciated.
One Sad Boy [:(]
P.S. Anyone with a stock Cat they want to sell please P.M. me. Thank you
12-21-2003, 02:31 PM
Bummer that you have to sell your car. [:(] You will almost always get screwed having to sell a car the first year of owning it. The best thing you can hope for is to get what you still owe on the car. You might not be able to sell it immediatly, but that is better than losing a couple of grand. Good luck!
12-21-2003, 03:58 PM
put it on ebay leave mods on it and mention the F&F and some rich kid will suck it up.
trust me my friend got 20,000 for a civic with a body kit and nos
12-21-2003, 04:26 PM
I just recently did a search for 02's with plans to buy...I ended up getting a new 03 but what I found out was that the 02's were listed anywhere from high 15's to low 12's depending on mileage, who was selling (dealer or private party), and what was done to them. The low mileage will help you. If you have the time, be firm in your price and wait it out, these things are going like hotcakes around here. In my time of searching (two weeks), cars that I called about early in the search were gone by the end of the two weeks.
Look up some used one's that are similar to your's and see what people are asking...set your price competitively and see what happens. It's easy to want to sell quickly and sacrifice a few bucks to have the headache of selling out of the way...but being patient will net you more money in the end. Good luck!! [:)]
12-21-2003, 05:41 PM
I'm selling mine too. And RocknRollin is right, sucks sellin a car with the first 18 months or so, your "upside down". I'm selling mine cuz I need a 4X4 truck again. I only have 11,000 miles on my '02, with mods, and I am selling mine for only 12,700. I am going to take a hit, which will cost me about 3k, give or take a few hundred bucks, but it is worth it to me to get out of it in favor of another truck. This car doesnt fit my lifestyle.
You could always try and find someone to take over the payments, but thats hard. You may, like me, have to take a hit. Meaning sell the car for less than you owe, and having to pay the remaining balance. I am just going to roll the remaining balance (3K) into my new truck payment.
12-21-2003, 05:49 PM
Forgot to mention, watch out for car scams on the net. I got an email from some dirtbag, supposedly from the Netherlands, saying they wanted to buy my car. Here's the email...
I am Christene Whiley from Netherland, I will like to purchase the above subject matter, as it was fund on a web site for sale. And payment shall be through an American Cashier Check issued in USA.
Kindly let me know the follwoing information for the payment purpose:
1. Cost whithout shipping cost
2.Name to make a cashier check payment to
3. Address to send it to with Phone Number
Thanks for your co-operation while awaiting your response.
Ya right. they send you a Cashiers Check, from some fleabag ridden dump like n igeria. Trick is, they "overpay" you, and pretend to make a "mistake" when filling out the check. They ask you to send them back the money they overpaid, usually about 5K. The check is bogus, but you cash it, then send them back the 5K they overpaid. You keep the cash they paid for the car, then the bank comes lookin for ya. HAHAHAHAHAHHA
12-21-2003, 07:46 PM
Sorry u gotta get rida her [bigcry] but u never know something good may cum of it
12-21-2003, 10:03 PM
I'm sorry and sad to hear that you have to sell you SVTF. During the holiday season you may not get many hits, but once income tax refund checks start rolling in, sales always increase.
12-22-2003, 02:00 AM
I think Johnny Bolt makes a good point about someone taking over payments. What aftrmarket parts does it have on it?
12-22-2003, 09:07 AM
To answer your first question..
'02 CD Silver SVTF W/Blue Interior
Audiophile and Winter Package
#3016 of 4788
AEM CAI - Blue
FC Off-Road Pipe
Screamin Demon Coil and LiveWires - Blue
Ford Racing UDP
It would be wonderful for someone to take over my payments but they are so frickin high. Because of a bankruptcy a few years ago, I am paying 18.5% and the payment are very close to $400 a month plus $160 for insurance. I have to decide between the car or my house and right now it the house because it will pay me back in the long run.
12-22-2003, 12:10 PM
that sucks that you have to sell. Hope you have luck gettin some $$$ from it.
12-23-2003, 04:15 PM
I pay $382.23. But I didnt put any money down. Sign and drive. I pay 100 smackers a month for insurance.
12-23-2003, 04:25 PM
wow thats insanity... mines not an SVT but the sticker was $16,295, i have the 2nd worst credit rating available, and i only pay 216$ a month for 5 years. i had a cosigner tho... along with ford emp. discounts, holliday rebates, and end of model year rebates, i only owed 9,900$ on it when i signed the papers (had .4 miles on it)... but, im 20 and my insurance is 200$ a month.
12-23-2003, 07:08 PM
I hope things work out for you, it seems that who ever buys your car will be getting a good deal. Best of luck to you...
12-23-2003, 07:33 PM
Speaking as a Ford salesman, I have to say this.
If you want the best amount for your money, sell it privately.
Used SVT Focii are not the hottest item around, most people when buying a car like that, want it new. Plus, the used car market right now is very very horrible. Once again, I am speaking from a Dealership perspective.
You most likely will not be able to get out of this car, unless you sell it privately. You are very upside-down on your money (a term we use to mean you have a lot of debt to pay off stil where the car is concerned) so not a lot of dealerships want to play around with rolling the amount of debt you have into a new car.
Unfortunately for you, if you go toa dealer, it will pretty much be ignored. No offense to you, but with rebates and dealer incentives being what they are, no one is going to want what you have to offer, when they can buy a brand new one for cheaper and call it thier own... we call it 'mental ownership.'
Your best bet would be to keep the mods on it, and sell it on Ebay like it was suggested.
Or, if you like, start calling around to a couple dealerships in your area, and ask them about the car, and what you can get a brand new 04 SVTF (with your same options) for. Then you can decide what you think would be a good asking price for it.
It wouldn't hurt to go into a dealership, have them take a look at it and get the Used Car Manager to appraise it. Just play around with them a bit... if you show them you are serious about getting out of it, you might get cut an extra break.
This is just my opinion though, I could be wrong.
12-23-2003, 07:42 PM
Check out what everyone would give u for it (dealerships, carmax. etc.) also put it in some online classifieds and finally put it own ebay with mods like suggested I could almost gurante it will sell (if u street raced it at all like me definatly mention that tells some cars you've beaten people will get more interested in the power)
12-24-2003, 01:05 AM
I'm not so sure I'd tell people you street raced the car. In my experience most people shy away from cars that have been driven hard (i.e.-street raced, etc.). If someone is serious about the car, they'll be aware of how much power it has.
CrazyMatt is correct in that the used car market (as well as the new car market) is basically in the crapper right now. It's easy to buy new when there are multiple rebates, incentives, and low interest rates around. As he stated, selling privately is your best bet.
I would personally stay away from a dealership...they won't give you squat for your car, and if they get the hint that you really need to get out of it, they will give you even less because the pressure is on you, not them.
There has got to be a way to get your interest rate lower than 18.5%. That is more than most credit card companies. Any chance you can do a home equity line of credit or loan?
12-24-2003, 01:07 PM
(if u street raced it at all like me definatly mention that tells some cars you've beaten people will get more interested in the power)
I don't street race.. As a matter of fact, the car has not been push to the extreme yet. I didn't want to start pushing the motor until I hit 10,000 miles or more, and as you can tell I'm still 4,000 away. This car has been babied! The top speed reached was only 100 MPH. I also work less then a mile from my home so I usually ride my bike to work.. Itís a weekend car, which never was even Solo raced.. I'm still trying to figure out a way to keep this car, but I'm sick of working 16+ hours a day and sometimes 6 days a week to keep it.