Quote:
Originally Posted by spacemanspif
Maybe I'm missing something but a 30 year old car that has rust and dents and is worn and torn from being a DD in salty winters isn't worth $5000 no matter how "excellent" the service history. Have you checked KBB or other sources for "book" value?
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I would say you are missing something.
What if it the 30 year old car were a Buick GNX? Or a Ferrari?
Value is based on what people will pay for something. These Corollas are very popular and there is more demand than supply, hence the price goes up. I think they are overpriced, but many people WILL pay that much for one.
Keep in mind that the OP is in Canada, so that is about $4000 US. Also, he specifically mentioned that it did not need rust repair. I live south of War_Wagon a little ways and the closest comparable car is:
Ae86 for trade.
A dent, rough interior, more miles, only an SR5. $3800 US. Will he get that? Probably not. But I bet he gets close. The cheapest local GTS I can find is $6500 US.