im sorry if im being ignorant or something, but maybe someone could enlighten me...
i was on Kelly Blue Book today, poking around, and i looked up 89-93 "FOX" body mustangs. i checked out the V8 5.0, and even with only about 90,000 miles on it (which is a fair average, id say), AND even with the condition on "Excellent" and "Good", the value was rarely over $2,000. So how come people keep trying to sell their car for $3,500 at the least and such? i find 2 explanations:
1) money put in (parts, etc); although this should not have that much of an effect on final pricing
2) if people all try to sell theyre cars for $5, for arguments sake, then someone selling their same model for $100 will seem like a rip off, even if it is a very fair price (i dont know the appropriate business name for this, but you get the idea)
so, what gives? how come people can sell their cars for so much?
i was on Kelly Blue Book today, poking around, and i looked up 89-93 "FOX" body mustangs. i checked out the V8 5.0, and even with only about 90,000 miles on it (which is a fair average, id say), AND even with the condition on "Excellent" and "Good", the value was rarely over $2,000. So how come people keep trying to sell their car for $3,500 at the least and such? i find 2 explanations:
1) money put in (parts, etc); although this should not have that much of an effect on final pricing
2) if people all try to sell theyre cars for $5, for arguments sake, then someone selling their same model for $100 will seem like a rip off, even if it is a very fair price (i dont know the appropriate business name for this, but you get the idea)
so, what gives? how come people can sell their cars for so much?
