For those that read the now tangential thread about selling my Grenadier I thought I'd add a postscript.
Firstly the dealer, Sewell of Plano TX.
Two weeks after I signed the car over to them (Jan 3rd) my finance still has not been paid off and I am now having to actively change them for what happened to my payoff! I spoke the finance company and as of Monday Jan 13th they had not received any monies from the dealer. As of this post (Jan 15th) the finance is still not settled.
I have a DealerTrack (the dealer management system most dealers us) supposed proof of payment they emailed me, but it's as useless as a chocolate teapot as all Santander care about is "show me the money". Let's hope this does not turn into a nightmare!
Anecdote: I heard bad things about Santander being for folks with flaky credit. I had a 815 rating when I took finance. The vehicle was a tax right off, hence finance conserves cashflow. I have no issue with Santander and it seems that was Sewell's default at the time. I was not offered alternatives.
The Haircut
I sold the truck for $71K. It's up for sale for $79,998. I was quite surprised by that. Yes, $9K profit margin for them, but still quite a drop from new, almost $20K retail loss in 11 months. Maybe that's typical or maybe that's good? I don't know.
The ad for it is here 2024 INEOS GRENADIER
The phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial. The time and energy to remove things and try to sell them to recover small amounts of cash was not worth the effort. We are talking a few hundred bucks. That was not enough incentive for me to be bothered.
Firstly the dealer, Sewell of Plano TX.
Two weeks after I signed the car over to them (Jan 3rd) my finance still has not been paid off and I am now having to actively change them for what happened to my payoff! I spoke the finance company and as of Monday Jan 13th they had not received any monies from the dealer. As of this post (Jan 15th) the finance is still not settled.
I have a DealerTrack (the dealer management system most dealers us) supposed proof of payment they emailed me, but it's as useless as a chocolate teapot as all Santander care about is "show me the money". Let's hope this does not turn into a nightmare!
Anecdote: I heard bad things about Santander being for folks with flaky credit. I had a 815 rating when I took finance. The vehicle was a tax right off, hence finance conserves cashflow. I have no issue with Santander and it seems that was Sewell's default at the time. I was not offered alternatives.
The Haircut
I sold the truck for $71K. It's up for sale for $79,998. I was quite surprised by that. Yes, $9K profit margin for them, but still quite a drop from new, almost $20K retail loss in 11 months. Maybe that's typical or maybe that's good? I don't know.
The ad for it is here 2024 INEOS GRENADIER
- The windshield has not been replaced, yet anyway, so look for stone chips and pitting. I wonder if they have any intention to replace it unless a buyer asks? ~$2300 inc labor.
- Yes, I left the Hi-lift Jack and Rotapax on it for the new owner. I had nowhere to use them and sunk cost fallacy and all that.
- There was a custom floor mat and full custom cargo area liner fitted they seem to have removed. Maybe ask for that if you buy it.
- There are fitted roof rack lights I left on as sunk cost fallacy.
The phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial. The time and energy to remove things and try to sell them to recover small amounts of cash was not worth the effort. We are talking a few hundred bucks. That was not enough incentive for me to be bothered.
