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Marc Jacobs

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Pricing advice
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I have a 2007 Ford F150 truck that I'm trying to sell. Its value, according to the Blue Book (or whatever my credit union used), is apx $24,000-$25,000 for a private sale situation. It has hardly been driven. It has 5,100 miles on it, and it's in tip-top shape.

My uncle definitely wants to buy it--which is great--but I'm having trouble finding the sweet-spot for price. You know. I want to make some money on it, but I want to give my uncle a good deal too. 

Would you all call out a price or two and make some suggestions on how to present my price to him?  I have an idea for how much I want to ask, but I just want to test the waters a bit with my favorite advisory crew!  biggrin

 

Thanks!



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Chanel

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Ask for the price you want and then negotiate. You have data on your side to justify why it's worth $24-25K, but he is also relieving you of the hassle of selling it to a private party, advertising it, etc.

Is he going to pay cash or would he need a car loan? If he has to finance it and make monthly payments, a thousand dollar difference one way or the other would translate to very little per month.

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Hermes

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I would tell him the blue book value, but tell him you'll sell it to him for 20,000. jmo

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Marc Jacobs

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Thank you! Those were some good considerations, Suasoria. And, D, we're on the same wavelength w/ price. I didn't know she was going to do this yesterday, but my mom quoted $20K to him last night and he came back with $19K, and we said that was cool.  All around, a good thing! Thanks again.



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