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12-27-2012, 07:04 PM | #1 |
Supporter
Join Date: Jul 2011
Casino cash: $3851956
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cash for clunkers destroyed the bottom end of the used car market, it drove up prices from the low end up.
This is my business day in and day out, that 1500 dollar car is gonna be a big POS in MOST CASES. That being said I'm driving a 225k mile civic every day that I bought a couple years back for 1800 bucks. YMMV. |
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12-27-2012, 09:47 PM | #2 | |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
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12-27-2012, 09:55 PM | #3 | |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
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12-27-2012, 10:36 PM | #4 | |
Shit
Join Date: Jun 2008
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Can't believe you aren't getting the same/BETTER deals with the nature of your business Posted via Mobile Device |
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12-28-2012, 07:18 AM | #5 |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
Casino cash: $9030572
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Yeah auctions are a big issue, but the car market is saturated with junk that people think is worth something. Two years ago I bought a Supercharged 97 Riviera with a bad transmission for $400. I was thrilled, I figured I would have $500 or $600 into it (total of a grand) and sell it for 1500. Needless to say I have almost 3 grand into it now, and I will keep it until I get my moneys worth. Everyone in this area thinks that even though they car is broken that they can get top dollar, and a lot of idiots are paying high numbers on Craigs List. I had a chance to buy a 97 Jeep Grand Cherokee yesterday, it had 150K miles on it, it needed a cat. converter, transmission had internal issues, the tires were shot, and both pinion seals were leaking. That right there is $1200 at least (my cost), I figured if I could get the car for $500 I would still have some meat left. She tells me she has done some looking and has found cars like hers selling for $2500-$3000.00, I said, I believe that if they are in good running order which yours isn't. So I asked her again how much she wanted and she says "I won't take a dime under $1500". I told her that we were worlds apart, and that I would buy it for $500, she said that it was worth "at least $1500". Sometimes these interactions remind me of Pawn Stars, how people come in and want triple the value of their items (sometimes junk).
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12-28-2012, 12:15 AM | #6 | |
Let's get a snack
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Location: Cincinnati
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