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Started By
Message
People selling their cars at ridiculous prices on FB Marketplace
Posted on 4/29/24 at 8:11 am
Posted on 4/29/24 at 8:11 am
Anyone else notice this? I'm not looking for a vehicle but I'm a member of a few "for sale/wanted" groups on FB and seeing vehicles being sold for way over book value. For instance, this morning I saw a guy selling a 1995 Ford F150 for $12K. I won't lie, this truck was in pristine condition with only 60K miles but when you go on KBB and punch in the numbers and grading the truck as "excellent", the max private party price is less than $5K. What makes this truck so special that you're trying to sell it for well over double what it's wort? Will it give me a handy every day when I drive?
35
Posted on 4/29/24 at 8:12 am to Jenious
quote:
F150 for $12K
quote:
pristine condition
quote:
only 60K miles
Can you send me the link?
Posted on 4/29/24 at 8:13 am to Jenious
If someone will pay that price, then it is a fair price. Otherwise, it will sit in his driveway.
Free markets are wonderful things.
Free markets are wonderful things.
Posted on 4/29/24 at 8:16 am to Jenious
It's a drug deal.
Posted on 4/29/24 at 8:16 am to Jenious
I think some Facebook car ads are some sort of scam. A couple years ago there was a too good to be true sale of a 1997 Silverado, by a supposedly private individual. I looked into it bc I was interested. Then I see the exact same truck and ad were posted by other sellers in different cities.
Posted on 4/29/24 at 8:18 am to No Colors
quote:
Can you send me the link?
I'll send a screenshot. It has the person's name.
Posted on 4/29/24 at 8:19 am to Jenious
The truck is not worth $5K., most likely a lot more. Go to bringatrailer and look at the auction results for 1992-1997 Ford F150. People will pay more for nice low mileage vehicles especially when a new one will cost you more than $50K.
This post was edited on 4/29/24 at 8:24 am
Posted on 4/29/24 at 8:20 am to Jenious
A car just like your house or anything else is only worth what someone is willing to pay/transact for it. They can list it for whatever the want it doesn't mean it is selling for that or will sell for that.
Posted on 4/29/24 at 8:21 am to Jenious
That’s a classic. Pretty cool truck. They might be going for a little more for style and look. They literally might be worth 5k but people might be buying them on a hotter market. You should email him and ask them the same questions you’re asking us. Then post response.
Posted on 4/29/24 at 8:22 am to Jenious
He will probably get that. People are starting to see these as classics. A lot of people are installing Coyote engines and daily driving them.
Minimum I would say is $10500.
Minimum I would say is $10500.
Posted on 4/29/24 at 8:23 am to Jenious
Someone would probably pay that for a pristine 1995 truck. There’s a lot of nostalgia for 90s pickups.
Sorry for the thread hijack, but I have to say. Nothing is crazier than the sellers on Texas Gun Trader. I understand sellers wanting to start high, but they routinely list ammo or used guns for higher than what they cost new at a store. And then they’ll write something aggressive like “don’t waste my time with low offers”. Why would I ever meet you in a parking lot to buy ammo from you when I can get the exact same ammo for cheaper from Academy? I just assume they’re trying to sell to people who can’t legally own.
Sorry for the thread hijack, but I have to say. Nothing is crazier than the sellers on Texas Gun Trader. I understand sellers wanting to start high, but they routinely list ammo or used guns for higher than what they cost new at a store. And then they’ll write something aggressive like “don’t waste my time with low offers”. Why would I ever meet you in a parking lot to buy ammo from you when I can get the exact same ammo for cheaper from Academy? I just assume they’re trying to sell to people who can’t legally own.
Posted on 4/29/24 at 8:25 am to Jenious
shite that’s a pretty awesome truck
Posted on 4/29/24 at 8:27 am to Jenious
I've noticed that the market for older used cars with low miles tends to get pretty crazy. There is an argument to be made for the value of those being high...probably not THAT much higher...but the "rare barn find" crowd tends to eat these up.
Posted on 4/29/24 at 8:29 am to Jenious
Supply and demand. How many of that age and condition are currently on the market?
Posted on 4/29/24 at 8:31 am to Jenious
I thought it said "selling their cats...."
I'm disappointed now.
I'm disappointed now.
Posted on 4/29/24 at 8:32 am to Jenious
That body style is popular & easily commands that much with that type of mileage
Posted on 4/29/24 at 8:33 am to Jenious
I just bought a 2003 Chevrolet 3500 flatbed with a 6.0 liter manual transmission at a public auction and there was 13 people bidding on it. Brought $17000. Only had 77,000 miles. Basic truck with manual windows.
This post was edited on 4/29/24 at 10:05 am
Posted on 4/29/24 at 8:42 am to udtiger
quote:
f someone will pay that price, then it is a fair price.
Not really. One idiot overpaying does not make it a fair price. You'd have to look at several similar vehicle sales to see what the free market's real value is.
Posted on 4/29/24 at 8:44 am to Lester Earl
quote:
That body style is popular & easily commands that much with that type of mileage
I'm looking online for similar vehicles and I see some going for $30K WTF
Posted on 4/29/24 at 8:44 am to Jenious
I have a white 1995 Ford F-150 just like that and I've been approached several times by people asking if i want to sell it.
Took it to CTC last year and a guy tried to give me $6000 cash for it.
Took it to CTC last year and a guy tried to give me $6000 cash for it.
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