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Posted by Paul ( in NY) [12.64.180.26] on Sunday, September 06, 2009 at 17:32:44 :
In Reply to: Re: Over priced - says who posted by Paul Cook in Kempner, TX [12.213.80.36] on Sunday, September 06, 2009 at 16:33:59 :
"First, we must all agree that the value of any truck - or any other thing - is the amount that several knowledgeable individuals who have no vested interest in the item agree is fair to both the seller and a buyer. The value is constant."
Value is typically the price that a similar item has sold for in the past. Not what several individuals decide its worth. If a type item has no sales history, the value is whatever the buyer will pay. It then becomes a basis for valuation of a like item, if offered for sale. Areas of the country and many other factors determine selling price.......even color. In the long run, value is what the buyer will pay.
Paul
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