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Craigslist car prices

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I can't believe what people are asking for their cars! I'm a way it makes me think mine is worth more money but on the other hand it makes it hard for someone to get a nice old car. Most I see are around $30,000 or more.

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Posted (edited)

I think CL is a free fishing trip for some, now that CL is charging for Cars For Sale ads that might change

Edited by John348 (see edit history)
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Posted (edited)

No different here in Canada. I think most sellers of better cars local to me are pricing for a U.S. buyer. That 40 % discount on the dollar sure helps on Canadian cars. Unfortunately it leaves local Canadian buyers out in the cold. The projects and lower end cars are a bit more realistic but still frequently optimistic. 

 I had my eye on a reasonably desirable project local to me . I don't want another project, it would be a parts car for one I already have.   He started at a pie in the sky $8,000.00. after about 3 months the price dropped to a slightly more realistic $6500.00 so I went and had a look.

 Seller told me $5000.00 is the bottom line. I said it was a $4000.00 car to me. A week later he emailed that $4000.00 is acceptable. 

 Now I am in a spot. A car I have had my eye on for years is suddenly available. The seller has said I am first in line. A lot more money but a 300% better car. I feel like a bit of a jerk but I am going to have to tell the first guy I am no longer interested.

 

Greg in Canada

Edited by 1912Staver (see edit history)

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Posted (edited)

Just tell him too late. Offers are not open ended.

 

You could tell him you spent that $4,000 elsewhere, but he doesn't deserve that consideration.

 

Or, tell him if his "bottom line" dropped from 5,000 to 4,000, then your top line also dropped from 4,000 to 3,000

 

You are not "in a spot" or a jerk

Edited by mike6024 (see edit history)
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or, tell him if his "bottom line" dropped from 5,000 to 4,000, then your top line also dropped from 4,000 to 3,000 

 

You are not "in a spot" or a jerk

 

 

 

really?????????????

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Posted (edited)

He waited a week to respond;.  As pointed out earlier, there's no expectation that your offer is open-ended.  Even so, common courtesy requires that you politely inform him that you're no longer interested, but you don't owe him a detailed explanation.  And for God's sake, don't try to get him to lower his price more.  In the first place, post-agreement renegotiation is a jerk move, and in the second place, if he did lower the price to match your new offer, "jerk" wouldn't even begin to describe what you'd be if you didn't buy it.

 

Then buy the other car.  If you don't, you'll be thinking about the one that got away the whole time you're working on the $4000 car.

Edited by KongaMan (see edit history)
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Can you PM a description of the $4,000 car and the contact information? Was it built in the US?

 

Thanks

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Posted (edited)
8 hours ago, John348 said:

I think CL is a free fishing trip for some, now that CL is charging for Cars For Sale ads that might change

 

 

I agree. The basic principle of the typical seller (of old vintage cars) on ebay and sometimes CL seems to be, "There must be some rich idiot out there willing to pay this absurd price I'm asking."

Newsflash: I don't think there are as many rich idiots in the world as some people like to think. If they exist, they don't stay rich very long.

 

By contrast, 10 year old Honda, Chevy and Ford vehicles generally seem reasonably priced and probably sell decently. Hobby vehicles, OTOH, are often "perpetually for sale," hence the stupid prices. I understand, however, that people spend a lot on restorations and want to minimize the loss on their investment...and restorations usually result in a loss. I'm really talking more about the $6000-$8000 junk yard quality vehicles. A couple Fairlanes on ebay right now are like that. No titles, even.

Edited by JamesR (see edit history)

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A lot of the asking prices are results of watching too much TV. From the idiots on reality shows to the B-J auctions any moron who has a rusty beater (sorry, patina'ed) over 20 yrs old equates their personal hunk of scrap to be the same price as "they seen on TV"

 Free ads don't really help as the old motto goes " It's free, so nothing ventured nothing gained"

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Then again there are cars like this on there for $19500 that make me want to refinance the house.  

 

https://rochester.craigslist.org/cto/d/marcy-king-of-chrome-58-buick-2dr-ht/6907326341.html

 

 

Overpriced cars have always been part of the hobby and always will be.  Look at a 30 year old issue of hemmings and you will find dreamers back then as well. 

01414_k2D3FHtWXC7_600x450.jpg

00d0d_3JGl0z4w9KU_600x450.jpg

00w0w_lg2s4ReQs5z_600x450.jpg

00303_dh7QbFuIqwe_600x450.jpg

00e0e_9zeSsonYuNJ_600x450-1.jpg

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1 hour ago, auburnseeker said:

Then again there are cars like this on there for $19500 that make me want to refinance the house.  

 

https://rochester.craigslist.org/cto/d/marcy-king-of-chrome-58-buick-2dr-ht/6907326341.html

 

 

Overpriced cars have always been part of the hobby and always will be.  Look at a 30 year old issue of hemmings and you will find dreamers back then as well. 

01414_k2D3FHtWXC7_600x450.jpg

00d0d_3JGl0z4w9KU_600x450.jpg

00w0w_lg2s4ReQs5z_600x450.jpg

00303_dh7QbFuIqwe_600x450.jpg

00e0e_9zeSsonYuNJ_600x450-1.jpg

 

 

That looks like a great price, to me. Way below restoration cost.

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The better part is the car isn't restored,  it's mostly original.  I really wish I was in the market.  Can't believe it hasn't been grabbed up yet.  It was at 21,500 for a couple of weeks but he just dropped it. 

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3 hours ago, Ed Luddy said:

A lot of the asking prices are results of watching too much TV. From the idiots on reality shows to the B-J auctions any moron who has a rusty beater (sorry, patina'ed) over 20 yrs old equates their personal hunk of scrap to be the same price as "they seen on TV"

 Free ads don't really help as the old motto goes " It's free, so nothing ventured nothing gained"

Amen, brother!

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Posted (edited)

Years ago, I took a course in negotiating (the one that used to be very heavily advertised in the airline magazines).   One of the things they taught  was to (a) to avoid being the first to name a price, and (b) if you have to be the first one to name a price, name a figure that is borderline ridiculous in your favor.  You can always adjust.  I see this in auctions.  The auctioneer always starts with some very, very high number, just to see if there is somebody with deep pockets who is absolutely in love with the item.  From that perspective, it makes sense to do the same on CL.  

Another thing they taught was to avoid becoming emotionally involved.  If the seller wants 5000, and you offer 4000, and he doesn't take it, walk away.  If he comes back next week at 4000, then great for you.  Buy it.  If you no longer want it, don't buy it.  Period.  You can get into a lot of ego and saving face issues, but in the end, it's just a business deal, and it's your money.

 --BTW, love the Buick--

 

Edited by Akstraw
correct typo (see edit history)

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I think sometimes those for sale ads are just for the wife's benefit: "Okay, Hon, I'm TRYING to sell it! I put an ad online."

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7 hours ago, 1912Staver said:

No different here in Canada. I think most sellers of better cars local to me are pricing for a U.S. buyer. That 40 % discount on the dollar sure helps on Canadian cars. Unfortunately it leaves local Canadian buyers out in the cold. The projects and lower end cars are a bit more realistic but still frequently optimistic. 

 I had my eye on a reasonably desirable project local to me . I don't want another project, it would be a parts car for one I already have.   He started at a pie in the sky $8,000.00. after about 3 months the price dropped to a slightly more realistic $6500.00 so I went and had a look.

 Seller told me $5000.00 is the bottom line. I said it was a $4000.00 car to me. A week later he emailed that $4000.00 is acceptable. 

 Now I am in a spot. A car I have had my eye on for years is suddenly available. The seller has said I am first in line. A lot more money but a 300% better car. I feel like a bit of a jerk but I am going to have to tell the first guy I am no longer interested.

 

Greg in Canada

I have been in a similar situation before. I tell the guy I bought another car since I talked to him and can't afford $4000 anymore. All I can pay is $2000. Sometimes I get it. Remember, he already tried for more and didn't get it. That is, you can try this  if you can afford to after buying the good car.

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If I buy the good car I am going to use up my hobby car budget for at least a year probably more. But it is quite good value for the money, just lots of money by my standard. But you get what you pay for.

 

Greg

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8 hours ago, mike6024 said:

Or, tell him if his "bottom line" dropped from 5,000 to 4,000, then your top line also dropped from 4,000 to 3,000

 

 

You don't owe him anything in this transaction, but this is kind of a jerk move, especially if you offered $4000 already. When I mark down a car's price, that doesn't mean my bottom-line has changed, only my margin. I still paid $X for the car; I didn't magically get a $5000 rebate from somewhere. When I talk to a guy who is willing to pay $30,000 for a car advertised at $40,000, and he sees me mark it down to $35,000 a few weeks later and therefore moves his bottom line to $25,000, we've not achieved anything other than proving he's only having a bit of sport at my expense and he's an ass. My time is more valuable than that and he looks like a fool. I'm done with him at that point--that guy's money isn't green enough.

 

Pay what it's worth to you. Don't play games like this. 

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Posted (edited)

 If I don't buy the more expensive car I wouldn't try to whittle down the seller of the project. At $4000 it is fair to both of us. But it is definitely one or the other, I have neither money or space for both. 

I was mainly trying to show how a initially overpriced Craigslist car needed to drop 50% before it had serious buyer interest.

 

Greg

Edited by 1912Staver (see edit history)

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Posted (edited)

I went to see and Alfa Romeo engines for sale here in Santa Rosa. Guy had a couple. I was most interested in the 1971 1750cc, not the 1974 2000cc

 

The fellow didn't know too much, because some guy who had rented his moms garage left them behind, or something like that.

 

They are both rebuildable cores, and shops that sell rebuilt engines will give you a $200 credit for a core exchnage, IF they take it apart, measure the crank journals etc and like it they will credit you.

 

So this fellow said $500 for the 1750cc engine and I could have both for $850. He had advertised $500 each.

 

I offered him $350 for the 1750 cc. He said no. I think he said it was worth $500, but he'd let me have it for $450. I left, but he had my number and I said call if you change your mind.

 

So these engines continued to to be for sale for months, and the asking price dropped to what I had offered.

 

Then the 1750 showed up for sale in Berkeley. At $450. I think a fellow that hoards Alfa parts in Berkeley bought it for, probably $300, and turned around and immediately put it for sale at $450. I called him.  Said I bet you bought that for less than what I had offered the guy.

 

 

Edited by mike6024 (see edit history)

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