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People selling their cars at ridiculous prices on FB Marketplace

Posted on 4/29/24 at 8:11 am
Posted by Jenious
Member since Apr 2020
416 posts
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?

Posted by No Colors
Sandbar
Member since Sep 2010
10514 posts
Posted on 4/29/24 at 8:12 am to
quote:

F150 for $12K
quote:

pristine condition
quote:

only 60K miles


Can you send me the link?
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99271 posts
Posted on 4/29/24 at 8:13 am to
If someone will pay that price, then it is a fair price. Otherwise, it will sit in his driveway.

Free markets are wonderful things.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35562 posts
Posted on 4/29/24 at 8:16 am to
It's a drug deal.
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76589 posts
Posted on 4/29/24 at 8:16 am to
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 by frogtown
Member since Aug 2017
5064 posts
Posted on 4/29/24 at 8:19 am to
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 by ronricks
Member since Mar 2021
7117 posts
Posted on 4/29/24 at 8:20 am to
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 by biglego
Ask your mom where I been
Member since Nov 2007
76589 posts
Posted on 4/29/24 at 8:23 am to
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.
Posted by kennypowers
AR
Member since Mar 2009
510 posts
Posted on 4/29/24 at 8:27 am to
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 by madamsquirrel
The Snarlington Estate
Member since Jul 2009
49017 posts
Posted on 4/29/24 at 8:29 am to
Supply and demand. How many of that age and condition are currently on the market?
Posted by lsufan9193969700
3 miles from B.R.
Member since Sep 2003
55145 posts
Posted on 4/29/24 at 8:31 am to
I thought it said "selling their cats...."

I'm disappointed now.
Posted by Lester Earl
Member since Nov 2003
278814 posts
Posted on 4/29/24 at 8:32 am to
That body style is popular & easily commands that much with that type of mileage
Posted by highcotton2
Alabama
Member since Feb 2010
9452 posts
Posted on 4/29/24 at 8:33 am to
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 by cheobode
Member since Dec 2017
1178 posts
Posted on 4/29/24 at 8:48 am to
They'll probably get around $10k for it. Those Fords seem to last forever too. My favorite are the ones that say "excellent condition, engine has a little knock to it but no other issues....$7,000 firm" when they're trying to sell a 2006 Altima
Posted by Dawgfanman
Member since Jun 2015
22610 posts
Posted on 4/29/24 at 8:53 am to
KBB, doesn’t set the value of anything. That truck is easily worth 10k. Damn near any running full size truck, of any year, will get 5k
Posted by POTUS2024
Member since Nov 2022
11547 posts
Posted on 4/29/24 at 9:00 am to
Find a 1st gen Dodge Cummins and pay whatever they want. A million miles from now you'll be happy. Or an old Ford with the 7.3 International. Either one will run forever.
Posted by Bamafig
Member since Nov 2018
3171 posts
Posted on 4/29/24 at 9:33 am to
What they are listed for is not necessarily what they are selling for. There is a whole lot of “reduced price” listings on Marketplace.
Posted by LSUfan4444
Member since Mar 2004
53969 posts
Posted on 4/29/24 at 9:40 am to
You can take that KBB and wipe your arse with it.

Whatever it says is now the base bottom price, not an avg or even negotiating point for anything that carries any sort of public desire.
Posted by RealDawg
Dawgville
Member since Nov 2012
9508 posts
Posted on 4/29/24 at 9:42 am to
Often it is price + paying off loan.
Posted by greenbean
USAF Retired
Member since Feb 2019
4684 posts
Posted on 4/29/24 at 9:44 am to
I've looking for a 2015ish Camry, Civic or Accord with 100k on it. They are selling for $16k, you can get a 2024 for $10k more. I bought new.
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