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sold my car

sold my car

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mlb62

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😏 before selling my used Toyota Avalon, I researched the local market price. I went to the Bank to get their price. I went online and looked at dealers prices. Then I priced it $2,000 above the "book" value. The buyer offered me $1,000 below what I asked. I accepted it. I feel somewhat happy, but somewhat guilty. I knowingly charged him too much. Nor did I tell him. about it. Did I "steal" a thousand dollars from him?

A Unique Nickname

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No, you sold a car to a person who was willing to pay that price for it. You're happy, you got some money, and they're happy because they needed a car. win, win.

But hey, you can always clear your conscious by either giving the 1k back or donating it to charity πŸ˜‰

mlb62

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@A-Unique-Nickname said
No, you sold a car to a person who was willing to pay that price for it. You're happy, you got some money, and they're happy because they needed a car. win, win.

But hey, you can always clear your conscious by either giving the 1k back or donating it to charity πŸ˜‰
it's too late for that as i gave all the money (cash) to my wife. She has always handled the finances..

mchill
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@mlb62 said
😏 before selling my used Toyota Avalon, I researched the local market price. I went to the Bank to get their price. I went online and looked at dealers prices. Then I priced it $2,000 above the "book" value. The buyer offered me $1,000 below what I asked. I accepted it. I feel somewhat happy, but somewhat guilty. I knowingly charged him too much. Nor did I tell him. about it. Did I "steal" a thousand dollars from him?
Did I "steal" a thousand dollars from him?

I don't think so. You sold a commodity for a price the public is willing to pay. It's called free enterprise. Tell your wife to put at least 10% of the money into your savings account and be careful how you spend the rest. πŸ™‚

Drewnogal
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@mlb62

The only reason ‘I’ would have felt guilty would be if I’d knowingly sold it privately with a major fault on it. As for selling it part ex at a garage? That wouldn't cause me any grief as I’ve been stung by garages before with faulty cars they’ve sold me.

Great Big Stees

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@Drewnogal said
@mlb62

The only reason ‘I’ would have felt guilty would be if I’d knowingly sold it privately with a major fault on it. As for selling it part ex at a garage? That wouldn't cause me any grief as I’ve been stung by garages before with faulty cars they’ve sold me.
Caveat emptor.πŸ‘

mlb62

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@Great-Big-Stees said
Caveat emptor.πŸ‘
lol and I even had the legal title to give to the buyer....πŸ€‘... but really, the thing that bothers me is I intentionally overpriced the car...knowing I'd have to "bargain" and lower the price.

moonbus
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@mlb62 said
lol and I even had the legal title to give to the buyer....πŸ€‘... but really, the thing that bothers me is I intentionally overpriced the car...knowing I'd have to "bargain" and lower the price.
A fool and his money are soon parted.

Very Rusty
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@mlb62 said
😏 before selling my used Toyota Avalon, I researched the local market price. I went to the Bank to get their price. I went online and looked at dealers prices. Then I priced it $2,000 above the "book" value. The buyer offered me $1,000 below what I asked. I accepted it. I feel somewhat happy, but somewhat guilty. I knowingly charged him too much. Nor did I tell him. about it. Did I "steal" a thousand dollars from him?
Just shows deep down your an honest man. He agreed on the price, perhaps he thought he was getting the better deal?

-VR

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@moonbus said
A fool and his money are soon parted.
Any purchase I make I have a maximum amount I am willing to spend. If I don’t get my price, I bow out.

moonbus
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@Very-Rusty said
Just shows deep down your an honest man. He agreed on the price, perhaps he thought he was getting the better deal?

-VR
Or maybe he wanted the item so badly, he was willing to over-bid to make sure no one else got it.

Very Rusty
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@moonbus said
Or maybe he wanted the item so badly, he was willing to over-bid to make sure no one else got it.
I still think he figured he was getting a better deal out of it, guys always go for something when they think they are winning out on the deal has been my experience.

moonbus
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@Very-Rusty said
I still think he figured he was getting a better deal out of it, guys always go for something when they think they are winning out on the deal has been my experience.
Yeah, stores sometimes mark something 'down' from a fictitious higher price to lure people to 'buy now and save.' No one ever saves by buying; you spend to buy, whatever the price is.

Very Rusty
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@moonbus said
Yeah, stores sometimes mark something 'down' from a fictitious higher price to lure people to 'buy now and save.' No one ever saves by buying; you spend to buy, whatever the price is.
I thought the story here was about a car and a private deal. πŸ™‚

I am pretty sure most people are aware of the mark up in stores, so it APPEARS they are getting a deal when actually they are NOT!!!!

moonbus
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@Very-Rusty said
I thought the story here was about a car and a private deal. πŸ™‚

I am pretty sure most people are aware of the mark up in stores, so it APPEARS they are getting a deal when actually they are NOT!!!!
mlb said he marked it up 2,000 above market value, and negotiated down 1,000 -- same idea, IMO.

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