Resale Value insane?

[MrC]

Who has received their hybrid order and flipped it? After moving on to another vehicle while waiting 500+ days.
Any downside to this? Seems like a safe bet.

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[Bigbill27]

Vroom only offered me $15,500 for my hybrid maverick with lux and only has 1800 miles. They are nuts.

 

[gte105u]

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?

So I guess I should have sold that food and bedding during Harvey instead of donating. Someone who needed it could have paid, and I worked hard to buy it. I hope you are never in an emergency and have to depend on the ethics of others. Karma's a b___h.

Defend price gouging if you want. Doesn't make you a good person. And your story is the definition of price gouging.

https://www.dictionary.com/browse/price-gouging

 

[Decayed]

no moral purity involved... it's striking a balance.
but everything has to be one extreme or the other nowadays doesn't it?
i don't subscribe to your idealogy 100%, so I must be a pinkie commie... nice...

Or maybe I'm just pulling your leg for being holier than thou.

 

[FischAutoTechGarten]

Or maybe I'm just pulling your leg for being holier than thou.

now I'm holier than thou?
you're a closet scalper aren't you? I've pushed a button... LOL... just teasing....
tell you what, next time I sell a house, I'll let you pay above my asking price...

 

[xhrist]

Vroom only offered me $15,500 for my hybrid maverick with lux and only has 1800 miles. They are nuts.

Vroom offered me $22k last week and Carvana was $29k.

2023 xlt hybrid with cp360 and lux with 250 miles....yeah, thanks but no thanks.

 

[Ron43]

Vroom is failing right now that’s why their pricing is so bad, they might not be around in the next couple years. Carvana is going bankrupt

 

[MLowe05]

Pricing is weird and can vary wildly day by day. I have sold 2 and traded 1 Maverick in the past year, though never purchased with the intent of flipping. Though I think if you have the means and the know how to do it, why not?

2023 XL Hybrid - Paid $21,750 OTD after $2750 rebate & 3% under from Ashlie in PA:
Carvana: $26,500 (manual appraisal)
Vroom: $28,000
Carmigo: $27,700 "high" bid - don't trust them anymore
AlphaBid: $30,100 high bid - but dealer was 80 miles from me and wanted me to deliver
Carmax: $30,000 - Accepted.

2022 Lariat Lux Hybrid - Paid $29,800ish OTD from Ed in PA 4% under invoice deal:
Traded for Porsche: Trade-in value $38,500 - Accepted.

2022 XL EB - Paid $24,500 OTD from Tim in KS:
Cavana: $33,213
Vroom: $29,000
Carmigo: high bid $34,500 minus $350 sell fee - Accepted.

After 3 Mavericks, I'm out - at least for now. The first XL EB I owned was to go to my father, but he backed out when it arrived and I didn't want an EB. Then I did not like my Lariat Hybrid nearly as much as I expected to. I loved the 2023 XL Hybrid, which at $21,750 OTD I could not pass up. I wanted to keep it as a third vehicle but my husband vetoed it.

 

[Decayed]

now I'm holier than thou?
you're a closet scalper aren't you? I've pushed a button... LOL... just teasing....
tell you what, next time I sell a house, I'll let you pay above my asking price...

If I wanted the house bad enough I might, but at least nobody's forcing me.

 

[2022EOW]

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

Most don’t seem to understand that. I’m a couple years, people that paid these overinflated prices and financed most of it will be underwater on their loans. Stupid is as stupid does.

 

[Decayed]

Most don’t seem to understand that. I’m a couple years, people that paid these overinflated prices and financed most of it will be underwater on their loans. Stupid is as stupid does.

It's great for the used/repo market though.

 

[Timothyd]

Don't conflate being an asshole with good business sense.

There was a big snowstorm year about 20 years ago. Some enterprising young men rented a box truck, drove south until they were out of the storm, loaded up the truck with bags of snow melt they bought, drove back through the snowstorm and sold salt from the back of their truck for $40 a bag. People were pissed off at the price but they were also glad to get it because they needed it. They told anyone who complained where they rented the truck, where they bought the salt and invited them to do the same. For some reason, nobody did.

Without the profit motive those enterprising young men would never have bothered driving all night through a snowstorm to go get salt. With it, they provided a necessary product to people who needed it. Everyone was better off.

Free enterprise capitalism is the greatest wealth producing engine in human history and it's sad when people are so deluded by socialist nonsense that they can't see the truth.

Incentive is what keeps everything going. When it stops, so does everything else.

 

[Maverickblues]

Sic transit gloria

Enjoy it while it lasts. It's a pitiless, predatory capitalist system. Enjoy the ride up. Brace for the inevitable ride down.

I'm editing this post with this paragraph because at least one person reacted angrily, thinking I was attacking capitalism and the USA in general. Nothing could be further from the truth. The point I was trying and apparently failing to make was "Don't brag about how much money you're gonna make selling your Maverick, because the system pivots on a dime and you can be left holding an asset nobody wants to buy at the price you want to sell it". Phew, that's a lot of words. But my original post apparently required too many brain cells for some to process.

I got what you were trying to say.The market for anything can be high or low. It doesn't have a heart or a personality and is all based on supply and demand, period. I took a bath in the stock market years ago. No ones fault but my own. Weird how someone could be emotional about that. It is what it is!

 

[Codyh]

Yeah... not sure if this was a massive typo, but with this market I may not be surprised? Found on 3/10/23.

 

[2022EOW]

Don't conflate being an asshole with good business sense.

There was a big snowstorm year about 20 years ago. Some enterprising young men rented a box truck, drove south until they were out of the storm, loaded up the truck with bags of snow melt they bought, drove back through the snowstorm and sold salt from the back of their truck for $40 a bag. People were pissed off at the price but they were also glad to get it because they needed it. They told anyone who complained where they rented the truck, where they bought the salt and invited them to do the same. For some reason, nobody did.

Without the profit motive those enterprising young men would never have bothered driving all night through a snowstorm to go get salt. With it, they provided a necessary product to people who needed it. Everyone was better off.

Free enterprise capitalism is the greatest wealth producing engine in human history and it's sad when people are so deluded by socialist nonsense that they can't see the truth.

I had a friend do something similar with portable generators after an I estorm knocked out power to many. He trucked them in, marked them up, and was later fined by the State Attorney General for price gouging. He had to pay the fines and refund the customers for the markup.

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