It makes no difference to me how you feel, you're entitled to your beliefs! I've flipped cars, properties, etc. in the past — I regard those as flips because I made a profit in those cases. If you happen to have a definition or idea of what a "flip" is that is missing a profit component, then more power to ya!Fwippy flip. Its ok though you adjusted the proce to what you paid now so it's not a flip. Because nobody has ever deceived anybody else in the history of ever.
Nobody buys a car and drives it for <1000 miles then tries to sell it without ulterior motives. Sorry, not sorry.
Yeah, the big thing is taxes. The Corvette I'm looking to buy is for sale by owner as well; we're actually going to approach a few Acura dealerships to see if they would want to "buy" the Corvette and allow me to "trade-in" the DE5 for it at MSRP and toss them $500 for their trouble. Unfortunately, in NJ, the tax advantage of moving from one car to another can only be realized when trading in; I think in some states, you can sell your car however you like and apply the selling price of the sold vehicle toward reducing the taxable cost of the vehicle that replaces it, regardless of where it is bought from.There is no money after msrp, taxes , and fees. If you call making $500 off of this a flip..ok.
Lol, no one is attempting to call this car anything besides a used car. Your choice of vocabulary is also laughable. Even if I were to try to make profit off of this car, which I will in fact be making zero of if it sells at my full asking price, manipulation would be the wrong term — "exploitation", "capitalization", "taking advantage of" would be more applicable if you wanted to throw some shade. Manipulation would imply that I'm trying to convince someone of something that isn't true. Most intelligible human beings that can afford to buy or finance a $50K+ vehicle for over MSRP and actually are willing to do so do it for one reason and one reason only; they are unable to find an available vehicle for less.I call a used car a used car. Making money at all buying a car at msrp and selling it used and expecting even to break even is an attempt to manipulate.
I get it the market has been crazy for way too long and everybody likes to make a buck but the time has passed. Prices of used vehicles are plummetting (finally).
Butthurt making its way into this thread just equals free bumps. I should actually post this up in the FaceBook groups and social media as well; I'm sure the listing will get plenty of exposure from all the flack it catches.getting warn in here
The fact is these cars are rare just like the Type R, the prices for these will be insane for years to come. These models have nothing to do with the market of the past as much as Acura will only produce 3xxx of these in a year. the word is they only expect to make the ITS for another 1-2 years. If this is True, there will be about 10k units on a 3 year run....hell lets say they make it another 3 years for a total of 4 year model run, still only leaves about 13k units out there. This will be a rare vehicle.I call a used car a used car. Making money at all buying a car at msrp and selling it used and expecting even to break even is an attempt to manipulate.
I get it the market has been crazy for way too long and everybody likes to make a buck but the time has passed. Prices of used vehicles are plummetting (finally).
Don't need any justifiable reason to sell a car. It doesn't matter. People can whine all day about the price they're not serious buyers anyway. It's really simple.I guarantee you that all the people calling it flip don't own one.
Because if they do and a life event shows up forcing them to sell the car.
It will not have any good faith discounts.
That post makes no sense, If he trades it in he has no say for the dealer to sell it at 50 or 51, Hopefully that amount also covers the loan amount.
His price looks solid price but it won’t be easy for him to achieve all the moving pieces necessary to make it happen if it’s predicated upon achieving the 3-way transaction and trade in. I know because I’ve been looking into trying to do something similar with 2 Acura dealerships local to me and it hasn’t been an easy thing to arrange, and my situation is even simpler than his.
If he is willing to take $51K as a straight-up private party sale, then that car should go fast and be gone within a day since he is willing to let it go at $2.5K under MSRP and what is likely $6-7K under what he paid after TTL.
Thank you for your advice. I’m not worried about it - if it sells, it sells; if it doesn’t, it doesn’t. I’m not going to lose money to facilitate selling it, simply because I’m not willing to. Though I understand that my position is different than yours in that I’m happy to keep it.edited because its not worth it. Kamber - my advice to you is keep your car. The market has turned. Yes I'm going to lose that money. So will you.