This time around I've included a few other classified sites to look at the broader picture. The sites the vehicle will be listed on include:
A Dealership Website
The vehicle is a more desirable vehicle than the last one, and in the "sweet spot" as far as pricing (between $5k and $10k). For this experiment I've purchased a 1999 Jeep Grand Cherokee. After a couple hundred in parts to fix a couple minor details, sales tax, registration costs, etc., I'm into the thing for about $6000. More than what a dealer would have paid, yes, but I'm a private party so I think I did fairly well.
Total Cost Basis: $6000
4.0 Liter, 6 cylinder
4 wheel drive
Fully loaded with all options except sunroof
Brand new tires
I'm listing the selling price at $7850 to start. Sure it's a little high, but if I don't need to sell it quickly, why not start there? Worst case scenario I don't get any action and have to drop the price. I'll be updating this post periodically, so be sure to check back and see....
See the next post in this series about
Which Classified Site Works Best to Sell Cars #2