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Old December 12th, 2008, 08:28 PM   #1
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Default Sellers Prices??

Just a general question about sellers prices for used vehicles, quads, sleds.

Not looking to stir any pots, just some feedback. And, haven't just noticed it here but in the trader mags and other web sites as well (in Michigan).

Obviously, if you're the seller it's your stuff and you can price it however you would like....and buyers can either take it or leave it...and I get that 100%. But, that being said, I have not seen a lot of SOLD posts.

What I don't get is if you put something up for sale it's for a reason....ahhhh, you need to sell it to get some $$$. (Forget about the...."I don't really need to sell....(insert whatever)....so my price is FIRM" posts. OR, the "I just need more space" posts. Good luck to ya.)

Tons of posts about how the Michigan economy is in the tank, X number of people on unemployment, X number losing their jobs, people can't make their house payment, etc.

And, I get that probably most folks are "upside down" in anything they have payments on. (at's called a "short sale")

I figure at this point-in-time you can throw KBB out the window.

How bad does it really have to get for sellers to realize that their stuff just is not worth...in this economy...what they are trying to sell it for and drop the prices to where the buyers are in the market?

Again, not trying to piss into the wind here, just looking for some constructive feedback.
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Old December 14th, 2008, 02:59 PM   #2
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Interesting lack of responses. I have two friends on the west side of the state that are electricians that have tons of work and $$$ pouring out of their arse.

They may be vultures, and I don't blame them at all, but they tell me they have been looking at this corner of the state for quite some time for "deals" and have found NONE. KBB or ABOVE on everything.

Told them I would ask the question and I did.

Anyway...good luck to everyone! I wish us all the best in these sucky times.

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Old December 14th, 2008, 03:07 PM   #3
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i have seen quite a few items drop down quite a bit. i think it all depends on what is being sold and for what reason.

i see a lot of tires drop in price and parts that are very plentiful seem to drop in price.

imo it would not be very smart to post something cheap right off the bat just because the economy is bad. you can always lower the price to ware it sells but cant raise it.

if they need the money that bad and no one is interested they will lower the price. i don't know who wouldn't.
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Old December 14th, 2008, 03:12 PM   #4
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You can always start high, you can't come up. Just because the economy sucks, I'm not giving my car away, I'll keep it and hope things pick up. There's alot of reasons why people list at prices they do. You don't know.

Realizing that crap is crap, I have come down every couple weeks on the price, I do agree on some that don't come down or have no idea what they really should be asking in price. A little research should be done first by both buyer and seller.
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Old December 14th, 2008, 03:16 PM   #5
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I lowball people all day long...not because i can't afford to pay what they are asking...it's because in my mind the prices they are asking are not worth what I'd be willing to pay...that being said I've scored a few good deals and made a few people mad. They say they are going to lose their house but don't want to give their shit away...I tell them have fun living in a box
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Old December 14th, 2008, 03:21 PM   #6
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Not everyone is broke and not everyone works for an industy that is in trouble. Maybe they are trying to sell to others who are ok in these "bad economic" times?
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Old December 14th, 2008, 03:25 PM   #7
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Quote:
Originally Posted by wrifrocks2005 View Post
i have seen quite a few items drop down quite a bit. i think it all depends on what is being sold and for what reason.

i see a lot of tires drop in price and parts that are very plentiful seem to drop in price.

imo it would not be very smart to post something cheap right off the bat just because the economy is bad. you can always lower the price to ware it sells but cant raise it.

if they need the money that bad and no one is interested they will lower the price. i don't know who wouldn't.
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Old December 14th, 2008, 06:11 PM   #8
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I've found if you have something nice and there's someone who appreciates the quality, they won't even haggle on price. I've gotten my asking price on everything I have sold lately (even if I have dropped the asking price, its still a figure I'm ok with, and is not an act of desperation). The things that haven't sold - they're worth more to me than they are to someone else, and that's fine. You can't expect people to give things away because of the "economy " People can lowball till they're blue in the face, I get a kick out of it.
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Old December 14th, 2008, 06:12 PM   #9
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i try to sell as cheap as I can.. pretty much what i have into it or whatever.. like my stupid durango.. cant sell it still owe 5900.. so thats the least i ccan take...
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Old December 14th, 2008, 07:09 PM   #10
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Thanks for all the feedback guys. Guess what my buddies see on the news and what reality is are two different things (and that's a good thing for us).

Unfortunately the national media seems to have S.E. Michigan burried 6 feet under all based on automotive.

Good to hear the majority of folks are not in the tank.

Again, good luck to all.
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Old December 14th, 2008, 07:21 PM   #11
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The price someone wants to sell something for is what it is worth TO THEM. The price you want to pay is what it is worth TO YOU. It's that simple when it comes to used stuff.
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Old December 14th, 2008, 07:45 PM   #12
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I have seen so many good deals that even I can not buy them all. Even though it seems like I buy alot. There have been some really good deals on many late 90's TJ's lately. I know that there is bad news everywhere but 92.5% of the population is still working even in Mi. I see stuff all the time over on the east side I would like to get. Not nearly so much here but there are still some really good deals to be had.
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Old December 14th, 2008, 08:56 PM   #13
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What I've noticed is people (private sellers) trying to sell their shit at a premium, while you can go to a dealer and get just about any used car or truck dirt cheap.

I was looking at Volvos a couple months back. Everybody that had one for sale in Michigan acted as if they had the golden egg. So, I bought one out east at a dealer for about half of what I would have paid around here. The same clowns are still trying to sell the same cars for the same prices 2 months later.

When gas prices fell suddenly, economy cars fell too. But some people still think their Metro is worth $4k.
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Old December 14th, 2008, 10:46 PM   #14
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Quote:
Originally Posted by Black71gp View Post
like my stupid durango.. cant sell it still owe 5900.. so thats the least i ccan take...
this is what i dont get at all.

so you owe $5900. you can still sell it for whatever you want, youll just have to pay the difference out of pocket. if someone offers you $5500, you'll say no, i owe more than that. is it really impossible to come up with 400 bux?

next month you will owe 5700, then 5500, then 5300, etc. it will take forever to sell, because every month, its value (to the buyer) will drop as well. if its over priced by $400, next month it will be over priced by 300, then 200, then 100, then the prices may finally meet, and you may sell it. in the meantime, you have shelled out 800 in payments, on a truck you dont want, and eventually sell it for way less than what you were offered to start with.

a friend of mine did this for a year and a half, finally selling his rig for 2800 less than what he was offered in the beginning. just go to the bank and take out a signature loan for the difference, sell the truck, pay the difference, and be done with it. make your $200 monthy payment, just as you would on the truck anyway, and have it payed off in a couple months. the truck will be gone, you will be $5500 less in debt, and be closer to buying your new hoopty.

just get it over and done with. otherwise the truck will sit, and get that sweet old stale car smell, and look abandoned, further hurting the sellability.
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Old December 15th, 2008, 01:39 AM   #15
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Quote:
Originally Posted by cuoffroad View Post
Interesting lack of responses. I have two friends on the west side of the state that are electricians that have tons of work and $$$ pouring out of their arse.

They may be vultures, and I don't blame them at all, but they tell me they have been looking at this corner of the state for quite some time for "deals" and have found NONE. KBB or ABOVE on everything.

Told them I would ask the question and I did.

Anyway...good luck to everyone! I wish us all the best in these sucky times.

Ho Ho Ho.
Down here in Cali everything is still priced up. I haven't found a single person wanting less than $450 for a basic Ford Explorer 8.8 rear axle. Usually they are way more than that, most were around 5-600, some were even 1200. Tires are the same thing, as well as the usual suspension components and whatever parts people notice are selling simply because they make good swap parts.
Rear ends in general are ridiculously priced. Cars are starting to get down a little, not much, depends on the vehicle.
A day or two ago I looked at a Comanche, custom shop done long arm lift, 30/35 combo, 4.88s, 35s, locked rear with full size spare. It needed a little body work, the paint was all faded, and it had a salvage title. The guy wanted $4500 but would negotiate. Then I asked him if he would trade for my '98 Jeep Cherokee and he said he would if I gave him my Jeep and money. I know my Jeep is worth more.
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