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-   -   Need help - value of my '08 LGT 5speed for potential sale (http://legacygt.com/forums/showthread.php?t=198226)

JoeFromPA 12-17-2012 06:42 AM

Need help - value of my '08 LGT 5speed for potential sale
 
Hi all,

My wife and I are considering swapping our 08 LGT for either another car or getting into an 05 LGT 5-speed or possibly an OBXT 5-speed. She absolutely loves this car and refuses to drive a non-manual trans car :)

Anywho, I need some quick help valuing my current ride for private party sale on here/elsewhere. Here's the layout:

2008 Legacy GT 5-speed (no automatic, no navigation)
91,000 miles
Single Owner
White Pearl Exterior / Tan Leather interior
Full maintenance records kept by me since brand new

Interior: 9.0-9.5/10 - no real stains, discoloration, or wear. Driven by a 115 pound female since brand new, so even the driver's seat has retained it's tight fit.

Exterior Body: 8.5/10 - Paint is clayed/polished/sealed 1-2x per year by me and is in outstanding shape. There are a handful of hard to see dings on the car. All PDR is they were to bother someone. Handful of rock chips (surprisingly few given the mileage due to my wife's commute being all back-roads - no one in front of her)

Wheels/tires 7.0/10: Wheels are OEM wheels and have some rash on them. What's really annoying though is that shortly after getting the car corrosion started spreading out from the center caps. Subaru said they were going to fix it, but didn't, and I just didn't feel like fighting it. Tires are michelin pilot exalto a/s in 225/45/17 - probably 25,000 miles left on the tread.

Accidents: None. However, the car had hail damage ~60k miles ago. It was fully fixed by paintless dent removal but was claimed on insurance. I have the paperwork on the dent removal since it was on ~6 body panels.

Modifications:

Cobb Short Shifter
Cobb Sway Bars
Kartboy Endlinks
Whiteline Sway Bushings
Koni Inserts (Installed by AZP Installs)
Whiteline LCA Bushings (Installed by AZP Installs)
20% tint on side windows, 35% tint on rear window - blends beautifully and gives more visibility out the back at night

Repairs of note/existing problems:

Car has been almost miraculously reliable. Around 40k miles, there was a problem with the pass airbag sensing system connected to the overhead light cluster and warning message system. It was replaced and fixed.

No wheel bearings, sensors, suspension, steering, axle, or drivetrain issues whatsoever. No other electrical issues. Original clutch. TOB makes noise in very cold/very wet start-ups and maybe a few miles; has been doing it for 60-70k miles now. I have tested and confirmed the clutch holds HARD in every gear from very low rpms (i.e. 5th gear uphill at 2000 rpms) to high rpm shifts.

........

Any advice on what I could reasonably get for this car private party on here is welcome. It's been an absolute gem and I am, quite frankly, scared to get rid of it.

Thanks all,

Joe

GTTuner 12-17-2012 07:28 AM

Go to KBB.com and research used car values for your area.

BarManBean 12-17-2012 07:34 AM

If you are going to get another LGT, you should probably go back to stock and move over the parts to the new ride. Just a thought. Keep in mind that you're timing belt service is less than 15k miles away and any buyer with reasonable negotiating skills is going to want a bit of a price reduction for that.

JoeFromPA 12-17-2012 07:54 AM

KBB says $11.7-$13.4. I find them to be pretty poor when it comes to enthusiast vehicles overall. They do things like subtract value for manual transmissions because the auto transmission added to the MSRP - but for enthusiast vehicles, most of the time the auto transmission is worth a bit less in the resale market.

Anyway, I'm looking for independent guidance here. I go on the private sale forums here and I see 08 LGT 5-speeds going for $12-18k depending on mileage and condition. And that's list price.

I think I've got a few things going for me. I'm trying to assess the impact of those things (single owner, female driven, all maintenance records, some modifications that tend to enhance desirability and take care of a few maintenance items).

BarManBean - You are right. A really hardcore negotiator could say something like "Well in 15,000 miles I'll need to spend $400 on a maintenance piece."

To which I might reply, "Yep, everything else is taken care of for you. I'll have a fresh oil change in there with rotella 5w40. Brakes are good. LCA bushings are fresh, as are the struts (saving you maybe $1000?). And isn't it nice to do the major engine-threatening maintenance yourself to know it was done and done right?"

:)

JoeFromPA 12-17-2012 07:55 AM

Quote:

Originally Posted by BarManBean (Post 4207597)
If you are going to get another LGT, you should probably go back to stock and move over the parts to the new ride.

That's fair. I'm looking at an LGT wagon 5-speed right now. It's modestly modified. I might swap over the shifter; otherwise I'd leave everything else.

BarManBean 12-17-2012 08:03 AM

I'm just telling you right now that no one is going to want to pay for "good brakes, fresh bushings, and upgraded struts". I've watched the FS threads and in general it just doesn't work that way. Great that you have them, but no one is going to want to pay for them on top of the general value of the vehicle. Just my opinion though.

That KBB estimate is crap as far as I'm concerned. If you want to sell the car for that, definitely send me a PM :lol: Also, the timing belt + water pump + other crap and installation will likely be more than $400, no?

Biggest thing you have going is the full maintenance records. Anyone who knows what they are buying in regards to a turbo Subaru knows that those are worth their weight in gold.

JoeFromPA 12-17-2012 08:30 AM

I hear you: it was more my response in terms of your negotiation. I could see someone negotiating on the price of the timing belt if I was at 105k miles, but trying to take stuff off for something that's 14k miles away....hehehe :)

I have spoken to a local subaru master tech that does some off-hours work and he quoted me $400-450 for the timing belt and water pump including parts. I figure it's $250 if you do it yourself, maybe $550-700 normal?

Barman - I was actually thinking within that KBB range, so your reaction leads me to believe more than that is where my car will sell in a reasonable period of time. This is why I'm seeking guidance man :)

joeblow 12-17-2012 09:06 AM

I'll give you $2000 right now for it :lol:

JoeFromPA 12-17-2012 09:20 AM

Quote:

Originally Posted by joeblow (Post 4207738)
I'll give you $2000 right now for it :lol:

Invest that money for 100 years @ 6% yield, then timetravel back to now and offer me the interest. Get on it.

GEE-OTTO 12-17-2012 09:24 AM

Quote:

(single owner, female driven, all maintenance records, some modifications that tend to enhance desirability and take care of a few maintenance items).

That's gonna cost you $5k :lol:


It was a joke, my 2009 2.5i is worth so little it would be a joke to sell it EVER :eek:

GEE-OTTO 12-17-2012 09:29 AM

Quote:

Originally Posted by JoeFromPA (Post 4207674)
I hear you: it was more my response in terms of your negotiation. I could see someone negotiating on the price of the timing belt if I was at 105k miles, but trying to take stuff off for something that's 14k miles away....hehehe :)

I have spoken to a local subaru master tech that does some off-hours work and he quoted me $400-450 for the timing belt and water pump including parts. I figure it's $250 if you do it yourself, maybe $550-700 normal?

Barman - I was actually thinking within that KBB range, so your reaction leads me to believe more than that is where my car will sell in a reasonable period of time. This is why I'm seeking guidance man :)


This is tough as well b/c some people will use the old "its gotta have tires to roll" approach to recognizing maintenance. The TB is a particularly good service b/c these EJ's go to shit once it snaps. The main item on my LGT check list as I look is how well was the engine maintained. I think most buyrs will look over a ding and fabric tear is the engine and gearbox are in top shape, I know I would.

KBB saddens me every time I look b/c my car declines in value as if it were produced by the millions and sold for $5000 new :redface:

JoeFromPA 12-17-2012 09:35 AM

Hehehe, yeah, KBB is not my best friend. I've got a sub-5-year old LGT with 91k miles on it facing a TB service in probably another year. That TB is fine, and the engine/gearbox have been meticulously maintained.

One thing I was hoping for in this thread that I'm not yet seeing is what people would expect this car to go for, or even a range. Just trying to get a sense for planning purposes.

BarManBean 12-17-2012 09:36 AM

Plug a zipcode from washington state into your KBB calculations and see what the value is...

BarManBean 12-17-2012 09:44 AM

If you just want a number, I would say that you could very easily sell it for $14k. I would never expect it to sell for much over $17k.

Just FYI, this is only my opinion, but it's likely a good ballpark for budgeting for the new-to-you car.

JoeFromPA 12-17-2012 09:54 AM

Thank you. I was prepared for $12k, just to be open. if I can quickly sell at $14k, I will be pleased.

I was never expecting the car to go for $16-17k.


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