Thursday, January 15, 2009

Million Dollar 2005 Chrysler 300C

In my last post I wrote that $9500.00 was a lot of money for a 1969 Fiat 124 Coupe. That now seems like a bargain compared to a 2005 Chrysler 300C now being offered on eBay. The Buy It Now price was $1,000,000.00, although that disappeared as soon as someone bid on the car. As I write this it has been bid up to $150,000.00 with just under 5 days to go in the auction.

Why the big bucks for a common, not too exciting car? Well, this Chrysler was owned by a guy by the name of Barack Obama who will very shortly add the title "President of the United States" to his business card.

Is it worth the money? Not as a car it's not. The Kelley Blue Book value on the car is somewhere in the neighborhood of $19,000.00. But, as the seller points out, Pope John Paul's 1975 Ford Escort went for $690,000.00, so who knows?

The seller (who seems to be an incredibly patient man, given the way he's answered some of the dumb e-mails about the car) had already purchased the used Chrysler when a salesman in the showroom alerted him that the president-elect was the first titleholder.

If you plan on spending spending 50 times what the car is worth and then driving the hell out of it, the seller points out the the car is "still under Manufacturer's Extended Warranty (maxicare bumper to bumper) until the car is 7 years old or has 50,000 miles, which will be transferred to the new owner." Of course that will only hold true if Chrysler gets its bailout money from the new administration.

Click here to see the ebay listing for Obama's Chrysler 300C

UPDATE 1/15/09 11:00PM - There are some real idiots out there. After the news of this car hit the national press people went crazy signing up for eBay and then bidding on the car. At one point the price was up over 99 million dollars. The bid is back to zero with the original $1,000,000.00 Buy It Now price. The seller, when asked about the auction and the bid cancellations posted this "People were shilling bids and ebay has gone fourth (sic) and decided to cancel all bids and start over that way the integrity of the selling price will not be affected by false bidding" and this "We really appreciate the time everyone is taking out of their busy schedule to send hate mail and also bid with money they do not have! This is a real auction, a legal binding agreement and that means you really have to pay! If you cannot afford to lean on the pen and sign a real check with funds behind it, this auction is probably not for you. Thanks for all your interest keep checking back to see this car and its buyer make history!"

OK, there is no way I'd pay more than the KBB value of $19,000.00 for this car. In fact there's no way I'd bid on it at all, I don't like the Chrysler 300C. I like Obama, but I don't have a need to own his old car. But turning this auction into a political debate and trying to ruin this guy's chance of making a little money on a lucky find is wrong. If you want a used Chrysler 300C and think it would be cool to have one owned by the president, bid on this car. If not, don't.
Don't ruin it for everybody.

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