01-11-2021, 03:44 PM | #1 |
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M2 CS above MSRP: about folks flipping cars
Thought it might be useful to have a thread of people trying to flip M2 CS' for profit right now. (not including the dealers asking ADM)
These are the 3 I I've seen. The second one was posted earlier by a member (when it was listed for 115k) but I cannot find that thread. Artemis please merge with that thread or feel free to delete if counter-productive. This one was 115k then 110k then 108k Last edited by f80_MG; 03-03-2021 at 02:15 PM.. |
01-11-2021, 03:47 PM | #2 |
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This thread will be PrinceCity 's wet dream
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01-11-2021, 08:00 PM | #5 |
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01-11-2021, 08:19 PM | #6 |
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I removed the sellers details from the pictures and comments. They don't deserve publicity.
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01-11-2021, 08:22 PM | #7 |
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01-11-2021, 08:24 PM | #8 | |
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01-11-2021, 08:48 PM | #10 |
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What is your take on these sales? I see two sides to this coin. If I was in the market or an enthusiast late to the party I'd be frustrated at the inflation of the prices, but there are currently new cars still available at msrp. On the other side, the prices pushing up is good for those that own them already and doesn't cause any direct market harm.
It seems the consensus leans toward negative on the practice, but with cars still available I'm not quite sure why. The availability being key here because it annoys the crap out of me with bourbon and other stuff when it is getting flipped by people who have no interest in the product and just make it more expensive for those that actually do.
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01-11-2021, 09:27 PM | #11 | |
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That being said, the practice in general annoys the hell out of me. As you said, if you're an enthusiast late to the party or someone who's genuinely going to enjoy this car, maybe in 2-3 months from now when the new inventory is gone, it prices the car out for many who would have bought it at the 85-95 sticker. I know the pain very well, I've been trying to get my hands on a bottle of Pappy for over half a decade now and refuse to pay the $2-3k markup!! |
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01-11-2021, 09:34 PM | #12 | |
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MinionM3492.00 redgs4320.00 MadBimmeRad7121.50 b0lzen64.50 BigKutta3902.50 imperfectluck426.50 Economatic173.50 heusing240i134.00 |
01-11-2021, 09:38 PM | #13 | |
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01-11-2021, 09:52 PM | #14 | ||
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01-11-2021, 10:10 PM | #15 |
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My guess is they may have paid over markup? But who knows... with taxes etc the prices aren't marked up that much in all honesty.
Also, in California the dealers here aren't budging at all. I have yet to find one for below MSRP with most asking 5k over msrp and at most 40k over msrp |
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01-11-2021, 11:46 PM | #16 |
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The market will decide on these cars
My gut says they will never see over list for private transactions |
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01-12-2021, 12:12 AM | #17 | |
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Love the ides of the CS but it’s not a 100k+ car....
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01-12-2021, 12:49 AM | #18 |
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01-12-2021, 01:27 AM | #19 |
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Piece of advice by John Goodman in "The Gambler" (featuring Mark Wahlberg driving a Valencia Orange 1M) about the goal of financial independence: "Own your own house, have a couple bucks in the bank, don't drink."
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01-12-2021, 02:39 AM | #20 | |
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I don't know about US regulations, but in Australia, you can list a car as "new" if and only if you are a licenced OEM dealer. In that vein, even if you are a motor trader, say with licence from Mazda you couldn't list a new car from say BMW. As a private seller (non-trader), you can only list a car as used even if new.
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01-12-2021, 02:47 AM | #21 |
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I'm still laughing five minutes after first reading this
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01-12-2021, 04:11 AM | #22 |
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The seller may also claim that he's a genuine petrolhead and no coin flipper. But...
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