Re: pricing a car to sell -- asking price?

[Ray Bell <raybell46@xxxxxxxxx>]

A friend of mine recently decided to sell his Toyota pickup. It's a 2013 model and he's pretty frail, so he's always considered the suspension a bit too harsh and therefore only driven it when he really needed to get something large. Otherwise he drove his nice soft Corolla. So it's only done 5,500 miles.

He asked his son in law about it and he looked up prices on the net. Of course, there's nothing there as brand new or with such low mileage and prices around the $20,000 mark were common. This blew my friend away, he was expecting maybe $10,000. Then a neighbour, learning the pickup was for sale, approached him and asked, "How much?"

Bob replied, "I always reckon something is worth as much as someone is prepared to pay for it. You make an offer." And so it sold for $15,000 and everyone's happy.

On Sunday, 12 September 2021 at 07:10:03 UTC+10 62-65-mail...@xxxxxxxxxxx wrote:

Thanks for all the feedback! I put together a summary of the replies and added a link and then sent the info to him. I
hope to hear back form him sooner than later. I'll post what he says. Below is the summary that may help others too.

Thanks,
Gary H.

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You first need to research what compatible vehicles are selling for currently.

Here is a web page that walks you through some of that. It is working with 1962 to 1965s but the logic is the same.

https://1962to1965mopar.ornocar.com/whatworth.html

You should place an appropriate asking price with "OBO." You can always lower it. If you leave the price open then it is a
lot of time wasted on extra photos, answering questions and dealing with low-ball offers. The market where you live may
have less or more interested buyers than other market locations. Some locations will garner a premium price due to a
lack of availability. But remember, there is "book" value and "personal" value. If the vehicle is one the buyer relates to
(“my brother had one of those!”) the buyer will pay more than “book” price.

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