Originally Posted by dtv5403
This bike isn't new. He said he's got about $150 in the bike. At $400, he's charging almost double for labor what he's got in parts. Looking at this bike, it's not worth that. He even agrees. He's not out to rip anyone off, he just wants to make some money back. The $150 he's got in it plus $100 for labor I'd say is fair.
A fair price is what the buyer and seller agree on. He is not forcing anybody to buy it. The government imposes a progressive tax on you: that's not fair. His interest is to make the most money. List it for $400. If it runs reliably, there's not much better transportation you can buy in that range. The cheapest moped will be double.