To flip or not to flip

[Falcon Bill]

*Update* Thanks for all the quick feedback. Y’all helped me see there was not enough reward for the risk associated. I ordered an XL at the same time, so hopefully I can just buy that one when it comes in!

So I ordered a Maverick Xlt Hybrid with Lux package and co-pilot360 and it finally came in. I test drove it and now I understand why ppl love these trucks. I was looking to trade in my model 3 which I bought because it was a great deal (at the time!) but has absolutely tanked in resale value recently and I’d rather just drive it til the wheels fall off instead of taking a 7-10k L! I am thinking I can potentially flip the maverick to CarMax.
Currently a 2.5k credit has been applied to the vehicle (2023 original order), but I saw this could potentially be 3.4k since it is an Xlt - does anyone have insight around this/seen this amount applied to their order. With just the 2.5k credit I am fully OTD at 32k and I am seeing prices online at Carmax for 36-38k. My general understanding is they make about 2.3k on each car, so even if I take 36k -2.5k =33.5k, so maybe a 1.5k profit. If I get the additional rebate than ~ 2.5k profit.

Am I overlooking anything? Does this make sense to you all?

Would appreciate any feedback!

thanks all!!

Daniel

Trust me...you will loose money flipping to CarMax. The buy for low wholesale and sell for high retail. I sold my 23 Maverick myself and got $3000 more than CarMax offered. Sold it myself in one day...put signs of it and parked it at Lowe's for about 3 hours.

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[boe757]

while its true the Golden Age of flipping has come and gone, what is left is the ability to change vehicles at little charge. Remember in the old days when the vehicle left the lot the was a 25% depreciation, now with the Maverick if you don't like the color, interior, recalls or the way it drives you can sell and be very close to breaking even.