Posted on Saturday 25 April 2009
I have been looking for a Mopar minivan with the seats that fold into the floor. This is a feature that debuted in the 2005 model year. I have set up a search on Craigslist and I run the RSS feed to Google Reader. Last week I saw a van where the owner wanted someone to take over payments. The book value of the vehicle was in the $6000 – $7000 range. The number of miles driven is important because these vehicles weigh over 4000 lbs. and that tends to use up running system components, e.g., brakes, steering gear. The van last week was high in mileage and the owner owed more than $14000 on the loan principal. I got that number by multiplying the loan payment by the number of payments outstanding. I have no idea what the owner paid for the van a year and a half ago. Today I saw this one:
Excellent condition, well maintained, new tires & very clean (no smoking & no pets)
Stow and go, cd & lifetime Sirius satelite radioPlease reply with only serious offers and intent to buy. I LOVE this van but, must sell.
Dear God if you are Reading Craigslist then you know that I am only selling for what it’s worth and what I need. In fact you know I am going to take a loss at his price. Please help to take this burden from me.
The thing that is hard is that some of these vehicles were purchased with a bundle of options, e.g., Sirius radio, for which the owner paid a high price, and they are of no value to me. I think that some people will think they are being taken advantage of when you tell them that the thing that they paid a lot of money for, and for which they expect to be compensated, is of little value to the prospective purchaser.
The person who posted that advert may be taking a loss, but the loss has already occurred. The true value of that van is around $7000. They may find someone to’help take the burden’, but the seller is asking someone to absolve them of their financial responsibility.
Look for more of these to come.

