Resale Value insane?

[MakinDoForNow]

Even before I recieved my 2022 Rapid Red hybrid First edition I had a firm offer of $60k (OTD price was $34,605). Now I have 7k+ miles on it and got another offer from same person for $ 65k. It is just insane ( $30k over) Hard to resist but I like the truck and can probabily get MSRP after 5 or 6 yrs as it is a First edition.

Dang, I wonder if my wife would let go of hers? I don't know if she would spring for my cactus gray XLT LUX. Maybe I'll ask her.

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[Decayed]

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.

Did the state attorney general's office compensate him for his expenses and effort bringing those generators to market when they were so badly needed? Of course not!
It's magical thinking, that generators will somehow appear right when and where they are needed most at normal market prices.

They would rather you shiver in the dark than prove you wrong.

 

[Decayed]

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!

Sorry to hear you got burned. I hope you learned from your mistakes - that's the only positive in that scenario.

The thing is, a market DOES have a heart and personality. There is actually no such thing as a "market". It's just an abstract term for the aggregated buying and selling decisions made by people everywhere.

Who are we to tell people they are wrong? Maybe they really want or need a maverick so badly they will pay a premium. Or a bag of salt in a snowstorm or a generator in a power outage. Maybe they ARE wrong. But maybe to them it's right but we just don't understand why?

You would have to talk to every individual to find out what's in their hearts.

 

[gte105u]

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

They listed it in pennies. That's their preferred payment method.

 

[skadizzle]

I'm all for flipping if there is a buyer for it. I flip video game consoles and am probably one of the ones you get pissed off at when you had to buy a PS5 for $1000. Of course, with that said, I also don't go for the most profit either. I sold probably 30 PS5s and a ton of Nintendo Switches when they came out. Did I mark then up? Sure. I also wanted to flip them quickly so when people were marking them up $400-500 and holding out, I would sell for $200-250 over and sell in hours.

Same way with the Mavericks. Some could list for $10k over and hold out for that one schmuck or list it for $3-4000k over and have it gone in a day.

For the record, I got mine at $4000 BELOW MSRP but I also waited 17 months for it. I could've gotten one in July last year at MSRP but held out for the deal.

 

[Pop2020]

In the process of researching a car purchase for my mom, my 2022 Lariat with 11k miles on it comes back from carguru with a market price of about $40k. Yeah, it's unreal. At least I'll be good for the next few months if anything happens to it.

 

[BingoDingo]

I'm all for flipping if there is a buyer for it. I flip video game consoles and am probably one of the ones you get pissed off at when you had to buy a PS5 for $1000. Of course, with that said, I also don't go for the most profit either. I sold probably 30 PS5s and a ton of Nintendo Switches when they came out. Did I mark then up? Sure. I also wanted to flip them quickly so when people were marking them up $400-500 and holding out, I would sell for $200-250 over and sell in hours.

Same way with the Mavericks. Some could list for $10k over and hold out for that one schmuck or list it for $3-4000k over and have it gone in a day.

For the record, I got mine at $4000 BELOW MSRP but I also waited 17 months for it. I could've gotten one in July last year at MSRP but held out for the deal.

How did you get it 4k under msrp?

 

[skadizzle]

How did you get it 4k under msrp?

I got Xplan plus the private offer plus the student discount.

 

[jalbano2]

I bought my 23 XLT for $35k in February. Right after I bought it, I was contacted by my preferred dealer, who know I was looking but didn’t know that I had found one.

They had a used 22 XLT on the lot, with 24k miles on it. They sold it for 36k!

Looks like if you’ve got one, their resale value is INSANE!!!

Any one else hear of anything like this???

I paid 35k for My 2022 Lariat Lux 4k AWD with sunroof. 35k for an XLT seems crazy.

 

[Wilkie]

I paid 35k for My 2022 Lariat Lux 4k AWD with sunroof. 35k for an XLT seems crazy.

try to find one now for the same price....

 

[James K]

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.

Yeah, probably a good thing to edit. Maybe next time call it free market and drop the "predatory" adjective. Our system is not perfect, but no one has come close to a better system in practice. Just remember, "some pigs are more equal than others". (don't know the quote: read "Animal Farm")

 

[loconnor1]

I bought my 23 XLT for $35k in February. Right after I bought it, I was contacted by my preferred dealer, who know I was looking but didn’t know that I had found one.

They had a used 22 XLT on the lot, with 24k miles on it. They sold it for 36k!

Looks like if you’ve got one, their resale value is INSANE!!!

Any one else hear of anything like this???

Yep! I'd had a hybrid Maverick on order for nearly a year and a half. The dealer called to tell me they had a used one I should come take a look. I asked why I wouldn't wait for my own order and was told, "We don't know when or IF you'll ever get yours". They tried to sell me a used 2022 with 4,000 miles on it for 50% more than sticker!!!!!! I didn't take them up on their offer. I'm happy to say that less than 30 days later I was driving my own maverick... the one I'd ordered....and got it at sticker price.

 

[shadow76]

I'm keeping my order even though I decided the Mav isn't for me after all.

If it actually gets built for 2023, I am going to either:

1. Take it for a test drive down to the Carmax about two miles from the dealer and get a quote, buy it and sell it the same day, and put the profit in my kids college fund.

OR

2. Go get my $300 deposit back, have a nice dinner and forget about Ford.

Take door #1

 

[shadow76]

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.

My uncle once did this with gensets. He had bought the inventory of a defunct lawn equipment shop just prior to a hurricane on the Gulf Coast. He covered his expenses and sold each for $100 over. The buyers were happy as they paid a fair price (compared to the local scalpers) and he made a reasonable profit.

 

[shadow76]

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?

Considering the risk of damage to the rental and personal injury if they had slid into a ditch or hit by a local yokel driving beyond his skill set, suggest the profit was earned.

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