You may be on to something there
A few times, when I went used car shopping, and I couldn’t get it for what I considered a fair price, the guy took a LONG time to sell it, if ever.
One time, I was looking at a car, which seemed in reasonable shape. I had cash on me, based on a fair price for the condition of the car. He wanted $300 more, and I walked away, WITHOUT the car. I monitored craigslist, and it took him a long time, before he lowered it by exactly $300. But then the listing was quickly gone. I presume he sold it, because he had it “correctly” listed, but maybe he just gave up?
I’ve been monitoring a few craigslist trucks lately, and there is a guy who’s had his truck listed for a few months. His asking price has been gradually going down. Presumably, when it hits the correct level, it will sell. I get the feeling he’s one of those guys that figures just because in the last year, he spent some money on tires, maintenance, and some minor repairs, now he “needs” to recoup that money. Just because the set of tires cost $600, for example, doesn’t mean the truck is immediately worth $600 more
Exactly . . . if that’s all it needed, the seller would have already spent those few dollars, and then they could offer a well running car for considerably more money