I’ve bought several cars at 70 percent of kbb value or lower. Many people sell for just above trade in value because that’s what they are being offered by a ca

I’ve bought several cars at 70 percent of kbb value or lower. Many people sell for just above trade in value because that’s what they are being offered by a car dealership. That’s often 80 percent or less than private sale price. Other times they just need a specific amount of money, which happens to be substantially less than the item they are selling is worth. Other times, the seller is not the one that has to purchase the replacement. Phones are good examples here. A lot of people get a new flagship phone every year. Sometimes it’s just because they are bad with choices, boyfriend, etc. these people often sell their old phone for substantially less than market value. People are frequently not rational actors.