Re: Used Car Prices
Posted by:
its all for cash
()
Date: December 16, 2018 10:16AM
georgetown south resident Wrote:
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> I just sold a 07 Corolla with 127,000 miles on it
> in good condition other than a few scratches for
> $2500. A guy met me at the DMV parking lot with
> cash 30 minutes after I posted it on CL. I sold
> that thing too cheap I guess. Everything worked on
> it including the A/C. He probably resold it for
> 5000.
Probably sold it for at least 5k as that is what it was worth. Used cars are so hot now people like you price them on what the 'should' be worth based on the market 5 years ago. Lurkers on Craigslist literally run to owners posting these cars at half market rates. The result is even if you catch one of these deals in the first hour on Craigslist and are the first to call, the curbstoners call the owner and promise the owner the moon - this causes the owner to ignore average joe offering asking price. curbstoners then backdown only paying asking price.
End result is 95% of the cars are sold by dealers, or curbstoner flippers at the new dealer prices. Sucks.