Resale Value insane?

[Decayed]

That is illegal price gouging in most places and should be called out. You don't jack up the price of fuel after a hurricane. You don't charge $10 for a bottle water during a power outage. Shame on them and anyone who supports that. Sell it, sell it for a profit, but also help your neighbors and don't be a flying jack wad.

And I'm as capitalistic as it comes BTW... Don't confuse my having ethics with socialism.

If those guys hadn't worked their asses off on their own initiative, an entire neighborhood would have had no salt at all when they needed it most. It cost them significant time, money and effort to go get that salt. It put them at personal physical risk driving in a snowstorm as well.

How much was the salt really worth? It cost two days truck rental, the cost of gas, tolls, food, motel and hourly pay for the 4 guys who did it, not to mention the salt itself. Why would those guys bother if not to make bank? And what happens if they can't sell the salt? They took on a fair amount of risk.

Not one other person thought to do the same even when given all the information they needed to do so. Why? Too much work, time, risk, etc. - simply put it wasn't worth it to them.

The kicker here is NOBODY WAS BEIING FORCED TO BUY IT. They CHOSE to buy it even at higher prices. The way a free market works is that high prices ensure a supply of goods in times of scarcity. Higher prices deter casual buyers from hoarding when they don't really need the product. Every single one of those people was free to search the city for another supplier. Instead they paid because it was worth it to them even if they bitched about the price.

If it's worth it to someone to pay a higher price, who are you to say it's wrong?

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[brucerob62]

I placed an order in September, then bought an ordered one that buyer backed out on in October. My order is schedule for mid May, not sure really what to do, but dealer where I bought the truck says they want to buy the new one from me? I'd prefer to sell them back the one I have, but we haven't talked $$$'s yet?

what i may be doing this next week when my23 arrives i bought a 22 hybrid xlt off the dealer from a cxd customer order back in october..IF they can match what carvana and vroom offered me i may let them have it and ill take the cheaper 23 home with me

 

[Don806]

what i may be doing this next week when my23 arrives i bought a 22 hybrid xlt off the dealer from a cxd customer order back in october..IF they can match what carvana and vroom offered me i may let them have it and ill take the cheaper 23 home with me

that's kinda my plan............would really prefer to find someone and sell private party to pass on a better deal than they can get at Dealer........but we will see? My ordered vehicle is different dealer than the one I bought from in October

 

[FAN2PLAYER]

I have a 22 XLT Hybrid w/ about 26k miles on it and based on KBB's review, it can average just over 30k for private sale & 28k for trade-in value. I'm very surprised about this!!

 

[brucerob62]

that's kinda my plan............would really prefer to find someone and sell private party to pass on a better deal than they can get at Dealer........but we will see? My ordered vehicle is different dealer than the one I bought from in October

I may do the same but I have the same dealer so they know I have the 22 . I'm sure they will ask what I plan on doing.

 

[Bill Quattlebaum]

What goes up, will come down. Just look at the stock market!

 

[MinntoMich]

You're asking the wrong person that question. But since you specifically mentioned 'house'. I'll share an anecdote.

Twenty years ago, my wife and I were selling our Upstate NY home and were receiving multiple offers during the open house. They quickly eclipsed our asking price, which was fair market value and compensated us nicely for the 10 years we owned it (and massively improved it).

Two sets of abnoxious potential buyers, one couple from 'the city' and another couple from 'newark,' couldn't stop talking about what a deal upstate NY realty was, and how they would live in it for two years to avoid capital gains, and then divide it into two apatments and sell it and make bank... and blah, blah, blah. Both couples hit it off and seemed very pleased with themselves, the metropolitan masters of the universe they were, that were going to make a killing buying up property in upstate NY.

We looked over at the nice, local newly married, young couple who had been hoping they could get the house a bit cheape. However, they verbally offered our full asking price after a couple of calsl to friends and family. Unfortunatley, they quickly realized they couldn't go anywhere near the bids that were being tossed out.

We told the 3 serious parties we would think about it over night and let them know in the morning. Within an hour we had formal offers, via email, from all 3... The young couple at our full asking price, and the others at $10k and $15k above that.

My wife and I looked at each other and called the young couple immediately to tell them they were getting the house. We waited until the morning to call the others to let them know we had gone with the other buyer. Their response, both parties, was to demand we release the price we agreed upon with the other buyer, and that if their bids were higher, they would sue us for refusing to sell to them. Both of those parties said that, can't script this stuff.

So the house sold in 24 hours and closed in 4 weeks. Felt really good about it. For me, nothing has ever been about maximizing the amount of money that I can extract from someone. I know that you could care less and that reading these 7 paragraphs was 2 minutes of your life you'll never get back.... But hey, you do you, happy flipping life.

That is a nice story. You got your asking price and your heart agreed with your mind. That is fair. Not greedy, not foolish, fair.

 

[Exranger]

I placed an order in September, then bought an ordered one that buyer backed out on in October. My order is schedule for mid May, not sure really what to do, but dealer where I bought the truck says they want to buy the new one from me? I'd prefer to sell them back the one I have, but we haven't talked $$$'s yet?

Dealer said they’d offer 5k over msrp for my lariat

 

[CTYankee]

I must be doing something wrong. I bought a refused EB AWD XLT with Lux, sunroof, and CP360 at MSRP with no dealer add-ons. I've had it for 17 months, added accessories, and put only 8,400 miles on it. Not one dealer has tried to offer me over MSRP to buy it and, when curiosity led me to Carvana, the on-line offer was $2K under MSRP.

Guess I'll just have to keep it.

 

[Tiger Dude]

Agreed. America all the way vs. socialism and anything else it leads to. But taking advantage in disaster situations is not America. Covering cost and some profit is not an issue, but then there is taking advantage of misfortune. I wonder how many other great business ventures the salt guys accomplished, or did they look for the next hardship to exploit.

Taking advantage in disaster situations is peak America.

 

[CLH917]

MSRP on mine was 29.2K, took delivery October 4, 2021 and with 21,700 miles my Carvana quote this morning is 31.4K.

 

[Exranger]

I must be doing something wrong. I bought a refused EB AWD XLT with Lux, sunroof, and CP360 at MSRP with no dealer add-ons. I've had it for 17 months, added accessories, and put only 8,400 miles on it. Not one dealer has tried to offer me over MSRP to buy it and, when curiosity led me to Carvana, the on-line offer was $2K under MSRP.

Guess I'll just have to keep it.

May be different in California or other areas.

 

[Maverick Grabber]

I literally just got a call from my dealer saying mine has finally arrived. However life has happened since I've ordered it (new kid, new job, etc) and I'm unsure if it's something I need right now. I'm sure the dealer is perfectly fine with me saying I don't want it because they'll have no problem selling it, likely at an inflated price. But that got me thinking of what would be the better outcome. I'm considering flipping it because I have a neighbor who's been in the hospital's ICU for a couple of weeks after a bad roofing accident and I thought those proceeds could help them out in their bad time. What thoughts do you guys have? On the plus side it will be in the hands of another Maverick customer who will love it very soon.
[/QUOTE
Don't live your life based upon other peoples opinions are my thoughts

 

[Susan]

The one I ordered 18 months ago is scheduled for build week of May 1. I need to call my insurance agent and tell him this one is going to go UP in value when I drive it off the lot, so I need to make sure it's adequately insured.

 

[Fcnrwy]

Ya, the asking prices are out of this world.
Sellers want to make $$, then the next buyer what's his $$$.
Reminds me of "Cabbage Patch Doll's" (Showing my age. ) and the insanity that that created. At least no one is fighting each other for one... YET!!

I bought mine for the want of a Ranger replacement.
I consider myself, very lucky or even predestined. For in a weeks' time, from starting my search. I found the pup.
If someone asks me, if I am interested in selling. I will tell them to contact me...
in about 10-12 years...

Jerry

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