I wanna pick your mind about strategy when it comes to selling cars.
I've had my car listed for sale at book value since Dec. I've gotten decent email and phone response, but not a whole lot of interest to come look at the car.
The front tires have worn pretty low in the meantime, so I decided to drop the price to $10K even to compensate. As a result, i got a ton of interest and set up 3 guys this past week to look at the car. All three loved the car, but hated that it needed tires and want to give me $9000 for it which i think is too low given the overall condition of the rest of the car.
So I am gonna put tires on it. It's going to cost me $500 and I figured I'd just ask $10,500 now which I think is still pretty good price.
Here's the discussion part. Me and some coworkers were debating strategy and they think the reason i haven't gotten decent response is that the price is just too low. They think I should bump it up a couple grand to maybe 12,000-13,000 and let people haggle me down to 10000-10500 vs starting so low. Their thought is people will see the ad, wonder why the price is low compared to other cars with the same mileage and year and think there is something wrong and look elsewhere.
In a way i sort of agree, but then again when i dropped my price down to $10K I had 3 people looking at it in a week. Granted none bought it due to the tires but that issue will be resolved shortly.
So what do you think?
I've had my car listed for sale at book value since Dec. I've gotten decent email and phone response, but not a whole lot of interest to come look at the car.
The front tires have worn pretty low in the meantime, so I decided to drop the price to $10K even to compensate. As a result, i got a ton of interest and set up 3 guys this past week to look at the car. All three loved the car, but hated that it needed tires and want to give me $9000 for it which i think is too low given the overall condition of the rest of the car.
So I am gonna put tires on it. It's going to cost me $500 and I figured I'd just ask $10,500 now which I think is still pretty good price.
Here's the discussion part. Me and some coworkers were debating strategy and they think the reason i haven't gotten decent response is that the price is just too low. They think I should bump it up a couple grand to maybe 12,000-13,000 and let people haggle me down to 10000-10500 vs starting so low. Their thought is people will see the ad, wonder why the price is low compared to other cars with the same mileage and year and think there is something wrong and look elsewhere.
In a way i sort of agree, but then again when i dropped my price down to $10K I had 3 people looking at it in a week. Granted none bought it due to the tires but that issue will be resolved shortly.
So what do you think?