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Old 12-14-2011, 06:30 PM   #1
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Why are sellers all crazy?

I'm shopping for a car and their prices are outrageous!!!!

A guy wants $3000 for a 2000 Mirage for example! Another wants $4000 for a 1997 Mustang.

HUH???????????
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Old 12-14-2011, 07:05 PM   #2
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Why are sellers all crazy?

If you mean used car dealers, they overcharge because they can finance people and talk in terms of payments rather than price.

But I think you meant private sellers, so I will let you know what I do. Often I find sellers that ask prices that are too high are not trying to cheat anyone, they just have attachments to their cars and don't realize how much they have lost value. These people often take better care of their cars and part of them doesn't really want to get rid of them. So, when I find a car that has been exceptionally well taken care of (but with a price way too high) I leave them my card and let them know if they are willing to come down on price to give me a call, and often a couple weeks later I get those calls.
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Old 12-14-2011, 08:02 PM   #3
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Why are sellers all crazy?

When you get into older used cars (Beyond 5 years) Kelly blue book value tends to go out the window. It really becomes an issue of the cars condition and how well it has been up-kept. If the paint and interior are nice, good tires, and the ride quality is good. Then those prices are not out of line. Also if they have dropped the money to rebuild the engine or transmission it goes a long way to keep the value up.

Also keep in mind those are the asking prices, they will likely take a bit less.
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Old 12-14-2011, 08:55 PM   #4
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Why are sellers all crazy?

Good cars are going to cost you at least $3,000.
Who knows if these are 'good cars', but if they have low mileage, are meticulously detailed and have full service records available, they may be well worth the price.

The going price for a 97 Mustang GT in good condition and under 100K miles is going to be at least $4000.
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Old 12-14-2011, 08:58 PM   #5
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Why are sellers all crazy?

It's a starting point. The ask for more than the car is worth so that your offer is a little higher than it might be if their base price was dropped.

If you are actually considering paying sticker price for a car, then YOU are the fool, not them.
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Old 12-14-2011, 08:59 PM   #6
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Why are sellers all crazy?

And what are wrong with those prices?

If you don't like them, buy something else.

And they will sell their car to someone else. It's not like you are the only person interested in their car.
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Old 12-14-2011, 09:36 PM   #7
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Why are sellers all crazy?

Then buy something else. Why are they crazy?

I think you're crazy.
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