Selling high-end vehicles?

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  • one eight
    Confirmed User
    • Mar 2005
    • 1941
    #1

    Selling high-end vehicles?

    Anybody here have experience selling high-end automobiles? I'm bidding on a 2011 car at auction that i can get for about 70% of kelley blue book value. Any tips on selling it? I thought about craigslist and ebay or maybe even visiting dealerships to see what they'd offer.
    -more than a number
    Tags: None
    • one eight
      Confirmed User
      • Mar 2005
      • 1941
      #2
      nothing..???
      -more than a number

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        • uniquemkt
          Confirmed User
          • Mar 2012
          • 305
          #3
          Generally speaking, you never win on cars. If this vehicle is going for a substantially different price than KBB says it should cost, chances are very good that other prospective buyers aren't rating its condition as highly as you are. If you do manage to get a very good deal, CL is an OK place to post it but make sure to price it 10% higher than what you really expect to sell it for, CL buyers inn my experience tend to talk price before they even see the vehicle.

            Comment

            • one eight
              Confirmed User
              • Mar 2005
              • 1941
              #4
              Originally posted by uniquemkt
              Generally speaking, you never win on cars. If this vehicle is going for a substantially different price than KBB says it should cost, chances are very good that other prospective buyers aren't rating its condition as highly as you are. If you do manage to get a very good deal, CL is an OK place to post it but make sure to price it 10% higher than what you really expect to sell it for, CL buyers inn my experience tend to talk price before they even see the vehicle.
              Excellent advice - thanks very much, dude! I think i've offered just higher than what dealers offered for this car. It only has 800 miles on it, so it's like BRAND NEW. If i can flip it and make 5-8 grand i'll be very happy. KBB is $42,000 and i'm getting it for $28,000
              -more than a number

                Comment

                • L-Pink
                  working on my tan
                  • Mar 2005
                  • 39151
                  #5
                  What kind of car is it?

                  .

                    Comment

                    • uniquemkt
                      Confirmed User
                      • Mar 2012
                      • 305
                      #6
                      That seems like a really good deal if there isn't something you're not seeing. Have you checked the vehicle's Carfax report? KBB is a reliable source for price info and the dealer buyers I know will go up to about 80% of KBB at an auction. If things are as good as you make them sound, you might be the exception to the rule.

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                        • BareBacked
                          Confirmed User
                          • Feb 2007
                          • 3685
                          #7
                          is it a classic?
                          NEW SITE PAYING $30 for a $1 TRIAL

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                            • candyflip
                              Carpe Visio
                              • Jul 2002
                              • 43069
                              #8
                              Originally posted by BareBacked
                              is it a classic?
                              Can you read?

                              Spend you some brain.
                              Email Me

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                                • k0nr4d
                                  Confirmed User
                                  • Aug 2006
                                  • 9231
                                  #9
                                  if it can be flipped for 5-8k, then they'd be selling it for 5-8k more.
                                  Mechanical Bunny Media
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                                    • shake
                                      frc
                                      • Jul 2003
                                      • 4663
                                      #10
                                      Selling cars is a tough market, but buying at auctions and selling is one of the things that used dealers do, so there is money to be made there.
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                                        • L-Pink
                                          working on my tan
                                          • Mar 2005
                                          • 39151
                                          #11
                                          Worthless asking for advise without naming type of car.

                                          .

                                            Comment

                                            • sojproductions
                                              Confirmed User
                                              • Aug 2006
                                              • 2160
                                              #12
                                              I have a buddy who makes a living doing this, buying cars at auction, selling them on ebay and so on, there's only a few types of cars he will ever buy, normally family run arounds as there is always a market, he never makes that kind of profit on one deal, there's a catch in there somewhere
                                              ICQ: 404-159-022

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                                                • 96ukssob
                                                  So Fucking Banananananas
                                                  • Mar 2003
                                                  • 12991
                                                  #13
                                                  DupontRegistey.com

                                                  When selling my old car, I created a web page for it, but got some decent traffic from sites like autotrader. Came down to listing it on an Audi forum
                                                  Email: Clicky on Me

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                                                    • onwebcam
                                                      Fake Nick 1.0
                                                      • Oct 2005
                                                      • 27689
                                                      #14
                                                      $42,000 isn't high-end. $420,000 is. You bought a low to mid wholesale. If you decide to try this out for extra cash you will need to check into your state laws as to how many cars you are able to sell in a year without a dealer license. That's right. They figure normal people don't buy and sell cars like I do so they put limits. 5 in my state. In reality it's to cut down on competition by the dealer associations as with any other license (the right to do something considered illegal by your masters). I trade on average once every month or two between multiple vehicles. Pretty much because I get bored easily with them. Anyway the only way around this is open titles and risking getting caught with wrong tags. Otherwise you will have to setup as a dealer or buy into a dealer license. There are ways of doing that.
                                                      Last edited by onwebcam; 06-05-2012, 08:25 PM.
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                                                        • L-Pink
                                                          working on my tan
                                                          • Mar 2005
                                                          • 39151
                                                          #15
                                                          Originally posted by onwebcam
                                                          $42,000 isn't high-end. $420,000 is. You bought a low to mid wholesale. If you decide to try this out for extra cash you will need to check into your state laws as to how many cars you are able to sell in a year without a dealer license. That's right. They figure normal people don't buy and sell cars like I do so they put limits. 5 in my state. I trade on average once every month or two between multiple vehicles. Pretty much because I get bored easily with them. Anyway the only way around this is open titles and risking getting caught with wrong tags. Otherwise you will have to setup as a dealer or buy into a dealer license. There are ways of doing that.
                                                          And normal insurance only covers cars registered in your name. Registering requires sales tax unless you have a dealers license. So there goes around 6 % in most cases.

                                                          Still haven't told us type of car ...

                                                          .

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                                                            • onwebcam
                                                              Fake Nick 1.0
                                                              • Oct 2005
                                                              • 27689
                                                              #16
                                                              Originally posted by L-Pink
                                                              And normal insurance only covers cars registered in your name. Registering requires sales tax unless you have a dealers license. So there goes around 6 % in most cases.

                                                              Still haven't told us type of car ...

                                                              .
                                                              True, true you can have non-owner insurance which would cover anything you drive but you can't have anything titled in your name.
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                                                                • Rochard
                                                                  Jägermeister Test Pilot
                                                                  • Dec 2001
                                                                  • 75733
                                                                  #17
                                                                  On what fucking planet is a $42k car considered "high end"? High end doesn't even start until $100k...
                                                                  Herschel Savage
                                                                  Brooklyn, NY

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                                                                    • one eight
                                                                      Confirmed User
                                                                      • Mar 2005
                                                                      • 1941
                                                                      #18
                                                                      wow - thanks to all of you for all of this great info!

                                                                      Here's more information about the car:

                                                                      It's a 2011 Ford Challenger. It has 800 miles on it, so i presume a manager at a dealership drove it around for a few weeks, or it was used for test drives, or someone bought it and returned it (there's a law allowing this in california - the state i'm in.)

                                                                      It's spotless inside and out, and has no damage listed. It's at auction and i have the highest bid, the auction closes tomorrow.

                                                                      I just picked up a '97 Mercedes eclass for $2,900 from the same auction company. The KBB on that car is $5,200 so i think it should do ok so long as it doesn't need any work, or just needs minor repair.

                                                                      Again, thanks a lot, fellas!!

                                                                      -more than a number

                                                                        Comment

                                                                        • k0nr4d
                                                                          Confirmed User
                                                                          • Aug 2006
                                                                          • 9231
                                                                          #19
                                                                          Originally posted by one eight
                                                                          wow - thanks to all of you for all of this great info!

                                                                          Here's more information about the car:

                                                                          It's a 2011 Ford Challenger. It has 800 miles on it, so i presume a manager at a dealership drove it around for a few weeks, or it was used for test drives, or someone bought it and returned it (there's a law allowing this in california - the state i'm in.)

                                                                          It's spotless inside and out, and has no damage listed. It's at auction and i have the highest bid, the auction closes tomorrow.

                                                                          I just picked up a '97 Mercedes eclass for $2,900 from the same auction company. The KBB on that car is $5,200 so i think it should do ok so long as it doesn't need any work, or just needs minor repair.

                                                                          Again, thanks a lot, fellas!!

                                                                          You mean dodge challenger?
                                                                          Mechanical Bunny Media
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                                                                            • videobunch
                                                                              Largest Content Provider
                                                                              • Apr 2008
                                                                              • 781
                                                                              #20
                                                                              Originally posted by one eight
                                                                              wow - thanks to all of you for all of this great info!
                                                                              Here's more information about the car:
                                                                              It's a 2011 Ford Challenger. It has 800 miles on it, so i presume a manager at a dealership drove it around for a few weeks, or it was used for test drives, or someone bought it and returned it (there's a law allowing this in california - the state i'm in.)
                                                                              Yeah, "Ford" Challenger????? I would really be checking the paper work on that one .
                                                                              Kevin
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                                                                                • one eight
                                                                                  Confirmed User
                                                                                  • Mar 2005
                                                                                  • 1941
                                                                                  #21
                                                                                  Originally posted by k0nr4d
                                                                                  You mean dodge challenger?
                                                                                  Shit! yeah, i responded too quickly because i felt bad about not listing the make/model and then i get it wrong! Sorry about that..

                                                                                  Correction - it's a 2011 Dodge Challenger. Thx K0nr4d
                                                                                  -more than a number

                                                                                    Comment

                                                                                    • ottopottomouse
                                                                                      She is ugly, bad luck.
                                                                                      • Jan 2010
                                                                                      • 13177
                                                                                      #22
                                                                                      cheap for a reason
                                                                                      ↑ see post ↑
                                                                                      13101

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                                                                                        • onwebcam
                                                                                          Fake Nick 1.0
                                                                                          • Oct 2005
                                                                                          • 27689
                                                                                          #23
                                                                                          Originally posted by ottopottomouse
                                                                                          cheap for a reason
                                                                                          2011 2013's will be rolling out soon.
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                                                                                            • TidalWave
                                                                                              Confirmed User
                                                                                              • Sep 2007
                                                                                              • 2706
                                                                                              #24
                                                                                              DO NOT BUY IT before you check what people are listing similar cars for on car forums for that brand/model.

                                                                                              You will have a tough time selling it even if you list it at trade-in value as the SALE price. KBB price is worthless now a days, it means nothing.

                                                                                              If you can back out, do so NOW. You will end up losing money more than likely.

                                                                                              Trust me, I know about buying/selling cars -- I'm on my 25th car within 10 years.
                                                                                              Last edited by TidalWave; 06-05-2012, 10:01 PM.
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                                                                                                • KRosh
                                                                                                  So Fucking Outlawed
                                                                                                  • Nov 2001
                                                                                                  • 5114
                                                                                                  #25
                                                                                                  Originally posted by one eight
                                                                                                  Shit! yeah, i responded too quickly because i felt bad about not listing the make/model and then i get it wrong! Sorry about that..

                                                                                                  Correction - it's a 2011 Dodge Challenger. Thx K0nr4d
                                                                                                  Can you give more specifics? For example, if it's a V6 the high book on it is about 27K

                                                                                                  I have bought and sold many cars in my time and worked at several car dealerships and currently have a wholesale license to buy and sell so I can look on Manheim auction site and tell you what they have sold for recently.

                                                                                                  Is it ....
                                                                                                  Challenger-V6
                                                                                                  Coupe 2D SE

                                                                                                  CHALLENGER-V8
                                                                                                  Coupe 2D R/T
                                                                                                  Coupe 2D SRT-8

                                                                                                  What options does it have? NAV, Leather, Boston Acoustic speakers?
                                                                                                  ICQ 115433750

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                                                                                                    • one eight
                                                                                                      Confirmed User
                                                                                                      • Mar 2005
                                                                                                      • 1941
                                                                                                      #26
                                                                                                      Originally posted by KRosh
                                                                                                      Can you give more specifics? For example, if it's a V6 the high book on it is about 27K

                                                                                                      I have bought and sold many cars in my time and worked at several car dealerships and currently have a wholesale license to buy and sell so I can look on Manheim auction site and tell you what they have sold for recently.

                                                                                                      Is it ....
                                                                                                      Challenger-V6
                                                                                                      Coupe 2D SE

                                                                                                      CHALLENGER-V8
                                                                                                      Coupe 2D R/T
                                                                                                      Coupe 2D SRT-8

                                                                                                      What options does it have? NAV, Leather, Boston Acoustic speakers?
                                                                                                      Thanks a lot, Krosh!

                                                                                                      It's not the V6, it's the V8 (hemi) but i don't know whether it's R/T or SRT-8. Also don't know about options but i can see the interior is definitely leather. I could email pics if that would help answer any of the other questions.

                                                                                                      Here's the info i have:

                                                                                                      Year: 2011
                                                                                                      Make: DODGE
                                                                                                      Model Detail: CHALLENGER
                                                                                                      Color: ORANGE
                                                                                                      Body Style: COUPE
                                                                                                      Engine: 6.4L 8
                                                                                                      Blue Book Value: $43,973.00 USD
                                                                                                      -more than a number

                                                                                                        Comment

                                                                                                        • one eight
                                                                                                          Confirmed User
                                                                                                          • Mar 2005
                                                                                                          • 1941
                                                                                                          #27
                                                                                                          Has leather interior and nav.
                                                                                                          -more than a number

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                                                                                                            • BAKO
                                                                                                              https://traffichaus.com/
                                                                                                              • Jul 2005
                                                                                                              • 18478
                                                                                                              #28
                                                                                                              Ford is garbage lol
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                                                                                                                • one eight
                                                                                                                  Confirmed User
                                                                                                                  • Mar 2005
                                                                                                                  • 1941
                                                                                                                  #29
                                                                                                                  Originally posted by KRosh
                                                                                                                  Can you give more specifics? For example, if it's a V6 the high book on it is about 27K

                                                                                                                  I have bought and sold many cars in my time and worked at several car dealerships and currently have a wholesale license to buy and sell so I can look on Manheim auction site and tell you what they have sold for recently.

                                                                                                                  Is it ....
                                                                                                                  Challenger-V6
                                                                                                                  Coupe 2D SE

                                                                                                                  CHALLENGER-V8
                                                                                                                  Coupe 2D R/T
                                                                                                                  Coupe 2D SRT-8

                                                                                                                  What options does it have? NAV, Leather, Boston Acoustic speakers?
                                                                                                                  i found out its:

                                                                                                                  Model: Challenger SRT8
                                                                                                                  -more than a number

                                                                                                                    Comment

                                                                                                                    • KRosh
                                                                                                                      So Fucking Outlawed
                                                                                                                      • Nov 2001
                                                                                                                      • 5114
                                                                                                                      #30
                                                                                                                      Originally posted by one eight
                                                                                                                      Thanks a lot, Krosh!

                                                                                                                      It's not the V6, it's the V8 (hemi) but i don't know whether it's R/T or SRT-8. Also don't know about options but i can see the interior is definitely leather. I could email pics if that would help answer any of the other questions.

                                                                                                                      Here's the info i have:

                                                                                                                      Year: 2011
                                                                                                                      Make: DODGE
                                                                                                                      Model Detail: CHALLENGER
                                                                                                                      Color: ORANGE
                                                                                                                      Body Style: COUPE
                                                                                                                      Engine: 6.4L 8
                                                                                                                      Blue Book Value: $43,973.00 USD
                                                                                                                      Well it's the srt-8 since it has a 6.4L Hemi in it.

                                                                                                                      You should be able to sell that car for 35-37K without a problem. This is all assuming the car has a clean car fax and the mileage is true, then you are getting a hell of a deal.
                                                                                                                      ICQ 115433750

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                                                                                                                        • k0nr4d
                                                                                                                          Confirmed User
                                                                                                                          • Aug 2006
                                                                                                                          • 9231
                                                                                                                          #31
                                                                                                                          Are you buying off copart?
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                                                                                                                            • KRosh
                                                                                                                              So Fucking Outlawed
                                                                                                                              • Nov 2001
                                                                                                                              • 5114
                                                                                                                              #32
                                                                                                                              Originally posted by k0nr4d
                                                                                                                              Are you buying off copart?
                                                                                                                              Ding Ding Ding

                                                                                                                              The car is an SRT-8 but the 800 miles are not actual miles. The Carfax has 7 records in history

                                                                                                                              I would buy a report for $35 and find out why they are selling the car so cheap and why a 2011 is not under warranty

                                                                                                                              This is a Salvage Title
                                                                                                                              Last edited by KRosh; 06-05-2012, 11:27 PM.
                                                                                                                              ICQ 115433750

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                                                                                                                                • one eight
                                                                                                                                  Confirmed User
                                                                                                                                  • Mar 2005
                                                                                                                                  • 1941
                                                                                                                                  #33
                                                                                                                                  no it says clear title. but the odometer has an issue. i bought the report - can i email it to you? I've been trying to hit you up on icq but i guess you're offline. no accidents reported.
                                                                                                                                  -more than a number

                                                                                                                                    Comment

                                                                                                                                    • one eight
                                                                                                                                      Confirmed User
                                                                                                                                      • Mar 2005
                                                                                                                                      • 1941
                                                                                                                                      #34
                                                                                                                                      Originally posted by KRosh
                                                                                                                                      Ding Ding Ding

                                                                                                                                      The car is an SRT-8 but the 800 miles are not actual miles. The Carfax has 7 records in history

                                                                                                                                      I would buy a report for $35 and find out why they are selling the car so cheap and why a 2011 is not under warranty

                                                                                                                                      This is a Salvage Title
                                                                                                                                      i bought the autocheck vehicle history and it doesn't list as salvage...
                                                                                                                                      -more than a number

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                                                                                                                                        • one eight
                                                                                                                                          Confirmed User
                                                                                                                                          • Mar 2005
                                                                                                                                          • 1941
                                                                                                                                          #35
                                                                                                                                          1 Problem(s) Reported: 15 Title/Problem areas checked:
                                                                                                                                          No abandoned title record
                                                                                                                                          No damaged title or major damage incident record
                                                                                                                                          No fire damaged title record
                                                                                                                                          No grey market title record
                                                                                                                                          No hail damage title record
                                                                                                                                          No insurance loss title or probable total loss record
                                                                                                                                          No junk or scrapped title record
                                                                                                                                          No manufacturer buyback/lemon title record
                                                                                                                                          --- Odometer problem title record(s)
                                                                                                                                          No rebuilt/rebuildable title record
                                                                                                                                          No salvage title or salvage auction record
                                                                                                                                          No water damaged title record
                                                                                                                                          No NHTSA crash test record
                                                                                                                                          No frame/unibody damage record
                                                                                                                                          No recycling facility record
                                                                                                                                          -more than a number

                                                                                                                                            Comment

                                                                                                                                            • one eight
                                                                                                                                              Confirmed User
                                                                                                                                              • Mar 2005
                                                                                                                                              • 1941
                                                                                                                                              #36
                                                                                                                                              Here's the info from auto check:

                                                                                                                                              --------
                                                                                                                                              Odometer Problem Title and ProblemCheck

                                                                                                                                              The vehicle has odometer-related problems. These may include discrepancies such as not actual miles, a broken odometer, exceeding a vehicle?s mechanical limits, a mileage discrepancy, or suspect miles.
                                                                                                                                              --------

                                                                                                                                              I don't know if/how this affects warranty eligibility and insurance eligibility...
                                                                                                                                              -more than a number

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                                                                                                                                                • SpeedoDave
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Sep 2003
                                                                                                                                                  • 354
                                                                                                                                                  #37
                                                                                                                                                  If you can't afford a Dodge, dodge a Ford.
                                                                                                                                                  I feel old since I started SpeedoFetish.com back in 2001.

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                                                                                                                                                    • Lykos
                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                      • Apr 2003
                                                                                                                                                      • 31027
                                                                                                                                                      #38
                                                                                                                                                      Good luck lol

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                                                                                                                                                        • martinsc
                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                          • Jun 2005
                                                                                                                                                          • 27043
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by BareBacked
                                                                                                                                                          is it a classic?
                                                                                                                                                          Make Money

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                                                                                                                                                            • AliceInBondageLand
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Apr 2012
                                                                                                                                                              • 161
                                                                                                                                                              #40
                                                                                                                                                              My dad is the auctioneer at those shindigs so you likely bought it from him if you live in California... however, Blue Book is WAY WAY WAY off and is no longer a reliable measure of resale prices.

                                                                                                                                                              Always try to get the CarFax FIRST before you buy.

                                                                                                                                                              In general, American cars have TERRIBLE resale rates right now. Some of that is quality. Some of that is consumer fear. Some of that is because they are so darn expensive.

                                                                                                                                                              Are you able to offer loan terms to someone? That often makes the big difference between someone interested in your car and someone being able to BUY said car. Very few people have that kind of cash on hand... and most dealerships are offering 0% down 0% interest so loans look friendly on a new car instead of "saving money" that you don't have by buying a used car for a lot.

                                                                                                                                                              Craigslist and Ebay Motors are where I've resold most of my auction cars, but it is getting crunchier and crunchier out there. These days I mostly sell only motorcycles since they are a product I know much more intimately and they are less volatile then cars.
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                                                                                                                                                                • AliceInBondageLand
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Apr 2012
                                                                                                                                                                  • 161
                                                                                                                                                                  #41
                                                                                                                                                                  PS, Hondas hold resale value better then all other car brands combined. Can't go wrong buying a Honda for reselling.
                                                                                                                                                                  Amateur and lifestyle femdom BDSM movies with enthusiasm and FUN - http://www.AliceInBondageLand.com

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                                                                                                                                                                    • Choopa Phil
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Apr 2009
                                                                                                                                                                      • 3965
                                                                                                                                                                      #42
                                                                                                                                                                      Yea best of luck selling an SRT8 when gas is climbing the way it has, privately none the less. Seems super shady too, 2011 with 800 miles, doubtful. If its too good to be true...
                                                                                                                                                                      AIM - Choopa Phil
                                                                                                                                                                      Email - [email protected]
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                                                                                                                                                                        • L-Pink
                                                                                                                                                                          working on my tan
                                                                                                                                                                          • Mar 2005
                                                                                                                                                                          • 39151
                                                                                                                                                                          #43
                                                                                                                                                                          Keep in mind a buyer with cash is rare. Also keep in mind financing a new car can be less than a 1-2 year old of the same type because of manufacturer finance rates. Good chance you won't be able to flip it.

                                                                                                                                                                          .

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                                                                                                                                                                            • dallasnovelty
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Aug 2009
                                                                                                                                                                              • 1056
                                                                                                                                                                              #44
                                                                                                                                                                              I agree an SRT8 with odometer "issues" definitely doesn't sound on the up and up. If it's at auction then the dealer couldn't sell it on the lot for much more than they are sending it to auction for. Every once in awhile you can get a steal like I did on my Cadillac SRX that was waiting to be loaded to go to auction. It had an issue with a wheel bearing, the CD player was not working and had a broken shock and a few odds and ends. We bought it and they didn't disclose any of these issues so they ended up spending about $4k to fix everything at cost. The SRX kbb'd for about $21k and they had it going to auction at $14k so that's what we paid including extended GMPP warranty, Window Tint, Lifetime Detailing(12/year) and I even made them fill it up with gas.

                                                                                                                                                                              Good Luck with the SRT8 and let us know if you do end up taking the plunge.
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                                                                                                                                                                                • looky_lou
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Mar 2003
                                                                                                                                                                                  • 1771
                                                                                                                                                                                  #45
                                                                                                                                                                                  Will be interesting to see what happens on this. If you get it and can't flip it, you definitely will have fun driving it. A great car to drive
                                                                                                                                                                                  PUSSY - PUSSY - PUSSY!
                                                                                                                                                                                  Wet & Puffy - Wet & Pissy - We Like To Suck
                                                                                                                                                                                  Puffy Cash

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                                                                                                                                                                                    • ottopottomouse
                                                                                                                                                                                      She is ugly, bad luck.
                                                                                                                                                                                      • Jan 2010
                                                                                                                                                                                      • 13177
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by one eight
                                                                                                                                                                                      Here's the info from auto check:

                                                                                                                                                                                      --------
                                                                                                                                                                                      Odometer Problem Title and ProblemCheck

                                                                                                                                                                                      The vehicle has odometer-related problems. These may include discrepancies such as not actual miles, a broken odometer, exceeding a vehicle?s mechanical limits, a mileage discrepancy, or suspect miles.
                                                                                                                                                                                      --------

                                                                                                                                                                                      I don't know if/how this affects warranty eligibility and insurance eligibility...
                                                                                                                                                                                      100800 miles and clocked to buggery.
                                                                                                                                                                                      ↑ see post ↑
                                                                                                                                                                                      13101

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                                                                                                                                                                                        • one eight
                                                                                                                                                                                          Confirmed User
                                                                                                                                                                                          • Mar 2005
                                                                                                                                                                                          • 1941
                                                                                                                                                                                          #47
                                                                                                                                                                                          I love this fucking site! Thanks very much to all of you - there's clearly GREAT advice in this thread.

                                                                                                                                                                                          The car ended up getting bid up higher at the last minute, all the way to $30,000 and that's just the online bidding - it may have gone even higher if folks physically at the auction bid even more...

                                                                                                                                                                                          I stopped increasing my bid at $27,500 - and reading all of your input i'm really glad i did!

                                                                                                                                                                                          Thanks everyone!
                                                                                                                                                                                          -more than a number

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                                                                                                                                                                                            • domainbroker
                                                                                                                                                                                              So Fucking Banned
                                                                                                                                                                                              • Jun 2012
                                                                                                                                                                                              • 34
                                                                                                                                                                                              #48
                                                                                                                                                                                              This thread, like the car, is a classic.

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                                                                                                                                                                                                • one eight
                                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                                  • Mar 2005
                                                                                                                                                                                                  • 1941
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Originally posted by AliceInBondageLand
                                                                                                                                                                                                  My dad is the auctioneer at those shindigs so you likely bought it from him if you live in California... however, Blue Book is WAY WAY WAY off and is no longer a reliable measure of resale prices.

                                                                                                                                                                                                  Always try to get the CarFax FIRST before you buy.

                                                                                                                                                                                                  In general, American cars have TERRIBLE resale rates right now. Some of that is quality. Some of that is consumer fear. Some of that is because they are so darn expensive.

                                                                                                                                                                                                  Are you able to offer loan terms to someone? That often makes the big difference between someone interested in your car and someone being able to BUY said car. Very few people have that kind of cash on hand... and most dealerships are offering 0% down 0% interest so loans look friendly on a new car instead of "saving money" that you don't have by buying a used car for a lot.

                                                                                                                                                                                                  Craigslist and Ebay Motors are where I've resold most of my auction cars, but it is getting crunchier and crunchier out there. These days I mostly sell only motorcycles since they are a product I know much more intimately and they are less volatile then cars.
                                                                                                                                                                                                  That's cool about yr dad!

                                                                                                                                                                                                  I was also wondering about financing.. can i just refer ppl to auto loan providers? Or would i need a 'brokers' license of some sort to do that? When i financed a car a couple years back i got the best rate from Citi.. I'd be happy to take ppl's name, social, etc. and find them the best rate - especially if it helped move more expensive cars. Last week i picked up a 1993 BMW 525i for $2000 at auction and sold it for a $1500 profit. Not bad, but i'd rather focus on more expensive vehicles with (...potentially) higher margins.

                                                                                                                                                                                                  Thx again for all the great pointers, suggestions and (especially) cautionary advice!

                                                                                                                                                                                                  gfy
                                                                                                                                                                                                  -more than a number

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                                                                                                                                                                                                    • shimmy2
                                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                                      • Mar 2009
                                                                                                                                                                                                      • 3271
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      its just a car. it will cost you money not make you money. you will lose. try to have fun and enjoy it. but you will still lose.
                                                                                                                                                                                                      Make $$$ with Toticos.com! | Email: 1bluemiata@gmail | Joutube: ShimmyCash | Faceberg: ShimmyCash

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