flintknapper said:Personally, I think it is worth more than you bid.... it is clean, but not worth what they are asking. I bid 11,800 on it the first time it was listed and was high bidder, but below reserve. I called them about it and they said they did not have "much room" in it to haggle. So either they paid too much for it, or they think someone uninformed will come along and pay 14 something for it. They don't even mention the diff. locks in their ad and the salesman "Brann" that went with me on the test drive didn't have a clue what I was doing when I engaged them (off on the grass of course).
We have a local GM dealer that has had a '91 4WD suburban (nothing special) on their lot for $8,500 for the last 6 years! NO JOKE! 6 years. That is their prerogative, but it doesn't make good business sense to me.
That doesn't make sense at all. My uncle use to work for a dealership, and he told me they would rather send it to auction than come down on a car. Which I thought was completely moronic. I don't think a dealer will pay more than what they can get for it. My uncle told me that just about ever car on their lot has about $3500 to work with. So if they have 14k on the sticker they may have close to 11k into it. Who knows though? There's a reason why it's not moving...and it's usually the price. I'm actually hoping to see the market drop a little with the gas prices, but I haven't yet.