Sorry to hear about you having to sell it. Did you keep your previous vehicle or did you sell/trade it?
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Selling my maverick :-(
- Thread starter MilMaverick
- Start date
- Watchers 4
- First Name
- John
- Joined
- Jun 5, 2021
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- 3
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- 483
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- Location
- Upstate NY
- Vehicle(s)
- 15 F150 XLT, 21 BS Badlands, 22 Mav Hybrid
- Engine
- 2.5L Hybrid
The market is the market, and I am not here to suggest the OP should sell for less than it is worth....but the OP is also holding an asset he/she cannot afford to keep, i.e. continue to make payments on. Thus, a "motivated" seller who needs to prioritize getting out of the situation vs. maximizing their return.
If the market stays strong, risk is minimized. But if things start to soften up, that huge ADM that he/she paid can become a huge problem quickly.
When I sell a stock, it is absolutely irrelevant what I paid. Mr. Market is mean that way and unforgiving. I can get what I can get, regardless of what I paid. The vehicle market is a bit different, but fundamentally still based on supply and demand at that moment.
I'm no financial advisor, but if money was that tight perhaps paying 10k over sticker on a vehicle wasn't a good choice. I would shop that thing around to dealers or carvana/vroom. I've been hearing people getting some good offers there. Probably won't be 36K, but every month you wait to unload it is another payment you have to make
With the scarcity of hybrids, I think he will easily have it sold to a PP at a little less than Carvana or Zoom before his next payment is due.
- First Name
- PJ
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- Nov 3, 2021
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- 108
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- 225
- Location
- Oklahoma City
- Vehicle(s)
- Maverick First Edition Lariat
Your best bet is Carvana. They will give you the best price. Now whether you will break even is determined if you paid a high ADM. If so, sorry.
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A well known personal finance guy on the radio says to never buy a new car on credit and you should have a million dollar net worth before you even consider it. These are weird times, I know, with the scarcity of good used cars at reasonable prices, but at the very least we need to have some room in our budget for just this kind of thing. It sucks that you are in this predicament. Things will probably work out.
- Joined
- Aug 17, 2021
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- Northern Ill
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- 21 Bronco Sport to Maverick?
What type of jobs are cutting back hours? Job market is awesome right now. Keep the truck and find a new job.
I think OP is only selling it to rid himself the shame of paying the mark up and he just received an email about production of that august order. Lol!
A reminder to EVERYONE here that there are a lot of very bad people in this world. I am not saying OP is one but buyer beware. He is a new member with 7 posts. I would be VERY wary. DO NOT send any money online in any form. If you can do a local pickup, and you can verify (not just see) paperwork, then OK. I cannot tell you how many scams start with “I lost my job so I have to sell X”. Don’t get burned. I don’t care if OP is simply asking for a $100 good faith deposit or whatever. If he asks you for any money to be prepaid or paid online.... it is more than likely a scam.
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