I have a 1989 560SL with only 46,000 miles that I've decided to sell.
I've never sold a used car before and I'm thoroughly confused about how to
When I go to Kelly Blue Book to get a private party value, I'm told that the
car should be priced at $15,200. NADA indicates a slightly higher price.
However, when I view the 1989 560SL's with comparable mileage and condition
that are being offered for sale online, I see that private sellers are
pricing around $25,000 and dealers as much as $40,000.
I can understand pricing a car slightly higher than the price at which one
is willing to sell. But $10,000+ more than KBB seems weird.
What gives? Are 1989 560SL's actually selling at the prices being asked by
sellers? If so, why are the KBB and NADA prices so out of line?