Tips on selling a car

[Lynne]

Burgundy 4 x 4 5.2liter V-8 Yankee made  snow boss. 189000 miles. Clean, shiny, powerful. Overall good condition. Kelly Blue Book value at 3,500.00. Listing for 2995. For a card carrying trad who needs a vehicle, I'll take 2k. Cash only.

189,000 miles?? For a Chrysler product? Id advertise 1500.00 and accept 900.00

Was Jeep owned by Chrysler in 1998?

[Archer]

189,000 miles?? For a Chrysler product? Id advertise 1500.00 and accept 900.00

Was Jeep owned by Chrysler in 1998?

Yes, Chrysler bought American Motors in 1987. 

[Greg]

$2000k is a fair price, even with that mileage, if it is clean and tidy for the year.

Look on e-bay.  Everything under $2k is a dog and those are just starting prices.

http://www.ebay.com/itm/Jeep-Grand-Cherokee-Laredo-1998-jeep-grand-cherokee-laredo-4-x-4-suv-/291215555432?forcerrptr=true&hash=item43cdccbb68&item=291215555432&pt=US_Cars_Trucks.  Admittedly that is a dealer, so you would have to be $500 cheaper than them for a private sale, but the car in this ad is obviously tarted up and not THAT clean.

10,000 miles a year is right for a car.  If you buy a 1998 with less than 120k miles it just means the odometer has been tampered with at some stage of its life 98% of the time.  It might have 250k or more miles in reality.  No way of finding out.

[Greg]

Now this is a bargain

http://www.ebay.co.uk/itm/Toyota-Corolla-GL-1-6-16V-Executive-Top-Spec-low-miles-AE90-AE92-MINT-RARE-JDM/111412739455?_trksid=p2047675.c100005.m1851&_trkparms=aid%3D222007%26algo%3DSIC.MBE%26ao%3D1%26asc%3D24196%26meid%3D6463cfc1794845ce8fe50f8ea6687766%26pid%3D100005%26prg%3D10285%26rk%3D5%26rkt%3D6%26sd%3D321490140287&rt=nc

£1000 (1650 dollars) is a lot for an old car, but this has 65,000 miles on it and looks like a 7 year old motor.

Probably drives perfect, smells nice and has another 5 years of trouble free life left.

If I lived in Yorkshire I would buy this car.

[Gardener]

Now this is a bargain

http://www.ebay.co.uk/itm/Toyota-Corolla-GL-1-6-16V-Executive-Top-Spec-low-miles-AE90-AE92-MINT-RARE-JDM/111412739455?_trksid=p2047675.c100005.m1851&_trkparms=aid%3D222007%26algo%3DSIC.MBE%26ao%3D1%26asc%3D24196%26meid%3D6463cfc1794845ce8fe50f8ea6687766%26pid%3D100005%26prg%3D10285%26rk%3D5%26rkt%3D6%26sd%3D321490140287&rt=nc

£1000 (1650 dollars) is a lot for an old car, but this has 65,000 miles on it and looks like a 7 year old motor.

Probably drives perfect, smells nice and has another 5 years of trouble free life left.

If I lived in Yorkshire I would buy this car.

No wonder it's so cheap: the steering wheel is on the wrong side!

[Greg]

True, that helps keep the price down as it is useless for exporting to anywhere economic, except Ireland and they are all skint.  Left hand drive it would be worth 50 to 100% more.

[voxxpopulisuxx]

$2000k is a fair price, even with that mileage, if it is clean and tidy for the year.

Look on e-bay.  Everything under $2k is a dog and those are just starting prices.

http://www.ebay.com/itm/Jeep-Grand-Cherokee-Laredo-1998-jeep-grand-cherokee-laredo-4-x-4-suv-/291215555432?forcerrptr=true&hash=item43cdccbb68&item=291215555432&pt=US_Cars_Trucks.  Admittedly that is a dealer, so you would have to be $500 cheaper than them for a private sale, but the car in this ad is obviously tarted up and not THAT clean.

10,000 miles a year is right for a car.  If you buy a 1998 with less than 120k miles it just means the odometer has been tampered with at some stage of its life 98% of the time.  It might have 250k or more miles in reality.  No way of finding out.

not in America Bub

[Gardener]

It's a fair price, especially in this area. Conforms to similar items on CL locally as well.

Whether its objective worth is such is another question, but the market value is certainly in line with the asking price.

[voxxpopulisuxx]

It's a fair price, especially in this area. Conforms to similar items on CL locally as well.

Whether its objective worth is such is another question, but the market value is certainly in line with the asking price.

Im a used car aficionado and Im telling you it wont sell at that price.

[Gardener]

It's a fair price, especially in this area. Conforms to similar items on CL locally as well.

Whether its objective worth is such is another question, but the market value is certainly in line with the asking price.

Im a used car aficionado and Im telling you it wont sell at that price.

You're probably right, but I'm just saying it is in line with other local asking prices, which indicates market valuation is in line with asking.

Then again, there's probably some young, dumb, soldier at Ft. Carson who wants his first Rocky Mountain capable vehicle and has cash in hand.

[voxxpopulisuxx]

It's a fair price, especially in this area. Conforms to similar items on CL locally as well.

Whether its objective worth is such is another question, but the market value is certainly in line with the asking price.

Im a used car aficionado and Im telling you it wont sell at that price.

You're probably right, but I'm just saying it is in line with other local asking prices, which indicates market valuation is in line with asking.

Then again, there's probably some young, dumb, soldier at Ft. Carson who wants his first Rocky Mountain capable vehicle and has cash in hand.

yeah who will come back looking for my good friend when it craps out heading up the hill....now if he was selling a Ford Id be more optimistic.

[Greg]

It's a fair price, especially in this area. Conforms to similar items on CL locally as well.

Whether its objective worth is such is another question, but the market value is certainly in line with the asking price.

Im a used car aficionado and Im telling you it wont sell at that price.

The link I sent was ebay in America.

[Greg]

It's a fair price, especially in this area. Conforms to similar items on CL locally as well.

Whether its objective worth is such is another question, but the market value is certainly in line with the asking price.

What is "objective worth" and how does one measure it?

For example, does the objective worth of a glass of cool water change depending on whether it is at hand in the Sahara desert or three feet away from a natural spring pouring out of a Swiss mountain?

If I was trapped in Northern Iraq for example, with ISIS on my tail, an old but reliable Jeep Cherokee would be objectively worth at least $10,000 to me.

Stuff is worth what people are prepared to pay for it.  That is the only meaningful basis of establishing a price.  What other people are paying for other Jeep Cherokees of similar age and condition is the only "objective" measure of value or worth.

[Greg]

Well, I guess the OP will let us know when he sells it.  But since we have not seen pics of what he considers "good condition", it's largely by the by.

If it is mint it is worth $3000-4000.  If it is a worn out shabby old dog he will struggle to get 1000.

People tend to believe their car is much better condition that other people's cars of a similar age and mileage.  Just like 90 percent of drivers think their driving skills are better than average.

[Gardener]

It's a fair price, especially in this area. Conforms to similar items on CL locally as well.

Whether its objective worth is such is another question, but the market value is certainly in line with the asking price.

What is "objective worth" and how does one measure it?

For example, does the objective worth of a glass of cool water change depending on whether it is at hand in the Sahara desert or three feet away from a natural spring pouring out of a Swiss mountain?

If I was trapped in Northern Iraq for example, with ISIS on my tail, an old but reliable Jeep Cherokee would be objectively worth at least $10,000 to me.

Stuff is worth what people are prepared to pay for it.  That is the only meaningful basis of establishing a price.  What other people are paying for other Jeep Cherokees of similar age and condition is the only "objective" measure of value or worth.

I used the wrong term... I dunno what the term would be. Perhaps parting vs driving value? KBB vs Edmunds? Some happy medium? http://answers.edmunds.com/question-Why-are-your-prices-so-much-lower-than-KBB-NADA-etc-When-I-try-to-buy-at-these-prices-I-get-laughed-at-134968.aspx

Using your examples, I'd say you mean subjective value.