Help me with this used car?

Question

I am looking at this Chrysler 300:
http://autos.yahoo.com/usedcars/detail/index.html?cid=automobiles-222683089&dst=45.50&rsr=Yj0mbWFrZT1DSFJZJm1vZGVsPTMwMCZjbF95PSZjaF95PSZjbF9wcmljZT0mY2hfcHJpY2U9MjAwMDAmY2xfbWk9JmNoX21pPSZjaz0mZ3VyPTUwJmNzej0yMTIzNiZ2dHlwZT1hdXRvcyZtaz1DaHJ5c2xlciZtbz0zMDA-
-Hes asking 17900 but the kelley bluebook value of a private seller is 15800 in excellent condition. I showed him the page of the bluebook value and he responded by..."there are no other sellers offering a car like this at a lower price." I really like the car but dont want to spend that much. Any Suggestions?

Answer 1

Put the cash in his hand and say take it or leave it; right now.

He's the seller; either he will or he won't.

Answer 2

Blue books is always a suggested value.

The laws of supply and demand always hold. If there is a limited supply (ie you can't find anything similar to your satisfaction) He can ask what he wants for the vehicle.

Now if there is limited demand. (ie you don't think anyone else will offer the price he's asking) then he will have to eventually lower his price.

If you don't want to pay that much, then look somewhere else.

Answer 3

Walk-away from a car with nearly 70k miles in 2 years... sure, it's shiny and doesn't look dented, but for that amount of $$$... you're dealing with someone looking for max profit without a hint of fairness over its wear & tear. If you're already "fallen in love" with it.. though, tell him he can have $14k and nothing higher. Because the Blue Book value goes DOWN for cars with more than 10,000 miles per year of usage. This car has been driven like crazy -- I wonder who owned it. It must have been purchased from a car rental place and flipped, or a mega mega commuter.

Answer 4

KBB is just a guide, they do not buy or sell cars. any car salesman will tell you that when your trading your car in, ussually the real wholesale cost they are going for is less then KBB says it should be. It also varies by region.
The owner also probably OWES $17900 on it, and is trying to get out from under his loan.

Answer 5

Tell him to burn azz!!! That car aint really worth that. The only reason the price is that high is b/c its popularity. 70k in 2 yrs??? Was it a rental before or business driven. If so don't buy it b/c it wasn't taken care of in the mannr you would like for it to be. If you do, give him KBB - $800

Answer 6

KBB is not a good source for value. The best way to find a fair deal is to look around. If that's close to the best out there then that's it, you'll have to pay that much.

Answer 7

something just as good or better may come along. i'd be patient. i bought a car about $1000 more than the kelley blue book value. in a way i regretted it because weeks after, i seen that other good things came along. and thats quite a lot more money in your situation.

Answer 8

well if he wasn't willing to lower it that means he wouldn't lower it for others. I would give him your final price that you will pay and give him your number. don't go any higher than it's worth.
I suggest finding another car if he doesn't call you back in a day.
he is just being stubborn trying to get the most money out of you.
goodluck

Answer 9

I would not pay more than the bluebook value, a car is only worth what someone is willing to pay for it. A car is a big investment. Think of it this way, would you pay $125,000 for a house than only appraised for $120,000? That wouldn't be smart.

Answer 10

Look for another. It looks like this guy is just overpriced.
If you buy it will he give you any warrante. And if you do want it will he let you take it to a mechanic and see if it really is worth all he claims

Answer 11

i would try to negotiate, he may come down off the price. ultimately, no car is worth what you pay for it, none of them are. The bottom line, is the car what you want and will you be happy with it. honestly thats all that matters.