Those people might not be as dumb as you think. I recently bought a backhoe for $1500 less than the seller's firm asking price. The lousy economy makes it a buyers market.
I have a friend that searches ebay and craigslist for stuff for his collection. He routinely gets sellers to end their ebay auctions early and sell to him for below market value. He buys stuff from all over the country on craigslist. CL sellers are often leery about selling to a buyer from out of the area. He pays them via paypal and they have the money in their account in seconds. He buys a fair amount of stuff that way and rarely pays the asking price.
Cash used to be king. The number of buyers using paypal is growing. I've had customers pay for remodeling projects with paypal. I make them cover the 2.7% paypal fee. It doesn't cost me anything and lets customers that are short on cash spread payments on their credit card over a few months but I get my money right away. The people asking about a cash deal may be used to paying via paypal.
This post was edited by Pops1532 at 08:09:35 10/03/10.
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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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