I’m purchasing an elderly relative’s car. (She has dementia and cannot drive anymore.) I need to make sure the transaction reflects the fair market value of the vehicle, but I’m getting very different results from multiple online sources.
It’s a 2008 Mercury Milan; 4-door; V6; ABS; standard trim package (AC; CD player; cruise control). Roughly 94,000 miles. It needs a RF tie rod and rear brakes. The outside is in bad shape due to multiple bumps and scrapes from her diminished driving skills. The front bumper, two door panels, and two fenders are dented and scratched. The rear bumper is scratched.
For private party resale, KBB says $2200 to $5500. Edmunds says $2494. Cars dot com says $1175 to $4500. Consumer Reports says $3325 to $4475. I’m using the fair or rough condition, depending on how it’s phrased on the website. I’m located in NJ, about 55 miles south of NYC.
Any idea what’s a fair price to pay for this vehicle? Which of the online sites is the most accurate/reliable for auto values?
I appreciate any input.