For Sale: Obama's Chrysler, $1M
300C owned by future president for sale on eBay
By Polly Davis Doig,  Newser Staff
Posted Jan 30, 2012 2:40 PM CST
President Obama's old Chrysler 300C is up for sale on eBay for $1 million.   (eBay)

(Newser) – Before he helped bail out Chrysler, President Obama drove one. The 2005 Chrysler 300C once leased by the future president is now for sale on eBay—for the not-too-shabby starting bid of $1 million, reports the New York Times. (Note to Chrysler: If you could have made this business model work, you wouldn't have needed the bailout.) Seems Obama traded in the V-8 300C at the start of his 2008 campaign, after taking heat for driving one of Detroit's gas-guzzling specialties. He then bought a 2007 Ford Escape Hybrid.

The Chrysler had 19,000 miles on it when Obama traded it, most of which are thought to have been highway miles. It currently has 20,800 miles. A rep for the seller, who says the car is "heavily insured," dismisses those eyebrows that might be raised over the hefty price tag, noting that Mahmoud Ahmadinejad's 1977 Peugeot 504 fetched $1.5 million at auction last year. But, notes the Times, a 2000 Jeep Grand Cherokee also thought to have been owned by Obama fetched a relatively pedestrian $26,438 in 2010. The eBay listing will expire Wednesday night.