Yes, my bank can verify on the spot. My bank and notary are both on the same street. Myself and the buyer always go to the bank first and do the deal there before heading to the notary.
Thanks for sharing. Seems like you did pretty darn well! And I'm looking at it the same way, make some profit but also be able to drive the thing and enjoy the vehicle, and gas mileage, in the meantime.
It's a $7,800 markup over MSRP.
I think he may mean small compared to what others are asking for these. I'll be completely transparent here, at this price I will be making $5,500 before I get hit with capital gains tax. I have a standing offer of $33,500 from a dealership, so obviously they...
Absolutely! If I do end up putting it on Auto Trader, I will be listing it for more than 34k. Just figured I'd put this up to see if there is any interest while I'm waiting for the title to arrive in the mail.
That is correct. When you find out 1/3 of your profit will be taken from you, it does make it less tempting.
Also, as previously mentioned in this thread, I have a Lexus that I can also sell for good money. To the point where I drove it for 4 years for free. The Maverick also gets almost triple...
Thanks for the correction. The tax professional is not technically my accountant, just someone I've used in the past to do my taxes. He may have misunderstood my email.
Regardless, I did call my banker and he said exactly what you stated. Seems less tempting to sell now.
Thanks for the reply. I've sold many many cars private party before, so I know exactly how to handle that. Tax on a used vehicle is always paid by the buyer and I have a notary right down the street from me that handles everything for my sales.
As far as the tax hit, I already talked to my tax...
Good suggestion - I haven't ruled out throwing it on Auto Trader just yet.
I have a company vehicle that I drive 75% of the time (they pay for vehicle, gas, insurance, maintenance, etc). So my two personal vehicles might see 5k a year combined. Gas mileage savings wouldn't add up near as fast...
Thanks for the comments and suggestions everyone. A local dealer actually reached out to me and offered me $33,500. I'll most likely take that offer if someone on here isn't interested in the next few days.
This is a "Maverick for sale" sub-forum and I posted a Maverick that is for sale. I hope there is not a problem with this.
This is the most reasonably priced Hybrid XLT that I can find on the internet. I figured I'd put it on here first before posting on Auto Trader.
Up for sale is a brand new Ford Maverick XLT Hybrid in Cactus Gray with 60 miles on it (this mileage will go up slightly). So far I'm averaging 42 mpg. Asking $34,000. Located in Lancaster, PA.
Options include: Copilot 360 (blind spot monitoring, lane keep assist, auto high beam, rear traffic...