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-   Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)
-   -   Selling high-end vehicles? (https://gfy.com/showthread.php?t=1070443)

AliceInBondageLand 06-06-2012 09:37 AM
PS, Hondas hold resale value better then all other car brands combined. Can't go wrong buying a Honda for reselling. :)

Choopa Phil 06-06-2012 09:44 AM
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...

L-Pink 06-06-2012 10:05 AM
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.

.

dallasnovelty 06-06-2012 10:10 AM
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.

looky_lou 06-06-2012 11:37 AM
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 :)

ottopottomouse 06-06-2012 12:13 PM
Quote:
Originally Posted by one eight (Post 18988826)
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.

one eight 06-06-2012 03:39 PM
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!

domainbroker 06-06-2012 03:53 PM
This thread, like the car, is a classic.

one eight 06-06-2012 05:31 PM
Quote:
Originally Posted by AliceInBondageLand (Post 18989695)
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:321GFY

shimmy2 06-06-2012 06:22 PM
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.

JFK 06-06-2012 07:04 PM
50 high end rides:thumbsup


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