I dont think there are any rules as there are no two sellers the same.
I went to look at a pick-up for a yard truck once, the guy was asking $500 for it.
I offered him $400 and for the condition of it I thought I was being generous, he turned around without a word, walked into his house and closed the door.
Another time I went to look at a Suburban the seller was asking $3500 for it, mechanically it was great but as I told him the body was tougher than what I was looking for.
He said whats it worth to you.
I said I dont want to insult you.
He said go ahead and try.
I said $1000
He said that better be cash.
Going through the truck once I got it home there were reciepts in the glove box for over 2500 in work done to it in the previous 6 months.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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