Muscle car profiteering

[gtxb67]

Originally Posted by Morexbs

A lot guys are bagging the original poster and saying that the seller is entitled to make a buck if he's smart enough (which I agree with by the way).
But how many would be saying that if they were now potenial buyers of this car and knew how much the guy paid for it?
I'm sure there's more than a few people on here who subscribe to the "Come on buddy,I'm a fellow Ford enthusiast/forum member so therefore you shouldn't be making money from me" school of thought and milk that for all they can get out it.
Obviously that only applies when you are a buyer.

if I was a potential buyer, then I should have been at the auction. if someone has beaten another to the sale by putting the money down, then the potential buyer only have themselves to blame

every car was for sale at some point - anyone who wants it bad enough should have bought it when for sale/cheaper

I have parts from my coupe that will never be for sale - what I would want to sell makes them too expensive for me to let go with a clear conscience. does that make me a bad person because I bought a complete coupe 24 years ago when less wanted them? I don't think so. I did the leg work then, when others thought it too hard - now guys my age want a good and complete coupe . . . well they could have had one (but could not have been bothered). the same principal applies to all cars that are now in demand

[AMGC63]

All things aside i would have thought it had to actually sell before its called making a profit.. Who know what it will actually sell for.
At the end of the day he can ask what ever he likes for it, if he finds a buyer everyone is happy, its irrelevant what the seller paid for it originally.

[DJR-351]

There's a huge difference between making a profit and profiteering....

This is not profiteering....

There is absolutely nothing wrong in what the seller is doing, ethically or otherwise....

[alter_EGOXR]

This practice is very common. Its not only limited to muscle cars, it applies to all cars. If you go to any of the auctions that sell family cars, like XT falcons and omega Commodores, you are guaranteed to find more than 50 percent of the bidders car dealers. At the end of the day its a business for some and if they need to stay afloat, selling for alot more than they purchased is understandable. Keep in mind most people don't buy at ticket prices, when they purchase a car from a dealer. Dont forget it may take awhile for the dealer to sell this car and during those months he/she doesn't sell a car, he/she is still paying operating costs for his/her business.
Personally, I agree with a few people who say that "its not about the money", but its the fact saving an old girl from the crusher and give it a new life. I think there's more satisfaction into restoring an old classic even if you make a loss!

[GasoLane]

Originally Posted by XA beast

I know my thoughts on this practice, but what does everyone else think ?

I think it happens thousands of times a day at the biggest casino in the country.... The ASX

[302 XC]

Is it any different to someone buying a repoed house ,then on selling at a profit ???
Is it any different to a retail outlet buying of me , the manufacturer and the retailer wacking 100 % profit mark up
Nope
People buy and on sell everything everyday
If thats what floats ya boat , and your not making money on the deal,ya dont do it

I get and understand "Ïts a classic car /muscle car " issue
But the car in question was for sale under the hammer at a public auction, anyone with the funds at the time had the opportunity to buy this car

If for some reason the buyer of said car, eventually sells at a loss,is it fair for him to complain of his loss

When the floods were on in QLD at the start of the year , some shops were selling loafs of day old bread for $5 a loaf
Thats profiteering

[flappist]

Originally Posted by 302 XC

Is it any different to someone buying a repoed house ,then on selling at a profit ???
Is it any different to a retail outlet buying of me , the manufacturer and the retailer wacking 100 % profit mark up
Nope
People buy and on sell everything everyday
If thats what floats ya boat , and your not making money on the deal,ya dont do it

I get and understand "Ïts a classic car /muscle car " issue
But the car in question was for sale under the hammer at a public auction, anyone with the funds at the time had the opportunity to buy this car

If for some reason the buyer of said car, eventually sells at a loss,is it fair for him to complain of his loss

When the floods were on in QLD at the start of the year , some shops were selling loafs of day old bread for $5 a loaf
Thats profiteering

And my favorite......there were several cases here where greedy people bought ALL the bread rather than enough to cover them for a week or so and when the floods went back down a few days later tried to get a refund.

[mr smith]

Muscle car losses more like it,

$83K for a XW Ph1
$64.5K RPO 83

I would say prices are on the slide big time, anyone who can make a dollar at the moment, good luck.

[GhiaEB]

Originally Posted by flappist

And my favorite......there were several cases here where greedy people bought ALL the bread rather than enough to cover them for a week or so and when the floods went back down a few days later tried to get a refund.

Now thats getting low. I could understand getting more than you need and freezing it for "just in case" but trying to take it back when you bought way to much, someone else could have eaten it?!?!?!

But a bit OT.

I still don't see a problem with buying a car and then trying to sell it for more than what you paid.

[302 XC]

Goin OT a bit,

Originally Posted by flappist

And my favorite......there were several cases here where greedy people bought ALL the bread rather than enough to cover them for a week or so and when the floods went back down a few days later tried to get a refund.

This absolutely wouldnt surprise me 1 bit

[RedHotGT]

Fail to see any issue at all with the example...

Nobody is holding a gun to the head of a potential buyer of the carsales $48k price...

As the OP has done, do your research and find out as much as you can about the history of the car... Or if you've been looking for a particular car for a while, you might have seen it at auction and then seen the identical car on carsales.

As a previous poster has stated - if you wanted a car like that a couple of weeks ago, you may have been at the auction... If not... and you really want a yellow cobra kit car... then there it is on carsales...

Stuff like this been going on for donkeys...
Do you research... ask questions of the seller... and don't be a spectator...

If you really wanted a car - you should have taken your first opportunity to buy it...

Sick and tired of spectators with opinions wasting peoples time on cars for sale, when they have no intention to reach for their wallets...
(this is not aimed at OP - just in general)

[sanchoXB]

Have a look at prices for other Cobra replicas, $48k is still a good buy.