A Chrysler 300C once leased by President Barack Obama is for sale on eBay with the eye-popping "opening bid" of $1 million.

The opening bid, which is dictated by the seller, means that bidding for the car must start at that price.

The woman who posted the car on eBay Motors, Lisa Czibor, said she has received some criticism for the high asking price but that the current owner of the car fully expects to get that amount.

Czibor said in a phone interview with CNNMoney that she is listing the car for someone else but looks forward to getting a commission on the sale. She describes herself as a "life-long Ronald Reagan old-school conservative."

"It's all about the money for me," she said

She's unlikely to get anything like a million dollars, said Craig Jackson, president of the Barrett-Jackson auto auction company.

"Maybe this car would be worth $50,000 to $100,000."

The hearse which carried the body of John F. Kennedy following his 1963 assassination in Dallas recently sold at a Barrett-Jackson auction for $160,000.

Jackson's company has sold several presidential cars and none have ever brought anything approaching that kind of money, he said.

It might help if the car, itself, were innately rare or valuable, but it's not. The car is a stock late-model Chrysler very similar to many thousands of others that are still on the road. With no presidential connection, it would be worth about $20,000 as a used car.