Sell your Ineos Grenadier for profit or keep it?

[BD1]

Compare to $1.7 B loss for Rivian:

Rivian (RIVN) releases Q2 earnings, confirms $1.7 billion loss in race to make money on its electric pickups

Electric pickup truck maker, Rivian (RIVN), released its highly anticipated Q2 earnings yesterday, confirming a $1.7 billion loss as the...

electrek.co

 

[Deleted User Account.]

I was pleased to see Ineos wrote a “no on-selling” clause into the contract. If they catch you trying to sell yours BEFORE taking delivery they can cancel your order. They definitely want these on the road with enthusiast customers, not speculating opportunists.

Regardless,

Compare to $1.7 B loss for Rivian:

Rivian (RIVN) releases Q2 earnings, confirms $1.7 billion loss in race to make money on its electric pickups

Electric pickup truck maker, Rivian (RIVN), released its highly anticipated Q2 earnings yesterday, confirming a $1.7 billion loss as the...

electrek.co

I couldn't care less about how much cash they're burning through as a start up. Their vehicles are rolling off the assembly lines, they're getting stellar reviews, their service centers are built out, and it's looking like our family will have our R1S long before our grenadier.

Plus we got locked in pricing early with Rivian that we won't see with ineos. Quite possibly at a price point that's even cheaper than the grenadier.

 

[caalm]

As a thought experiment I'm curious if these IG's will be worth more initially on the pre-owned market.

Once the general population starts seeing these on the road I'm sure interest will spike along with marketing and PR from Ineos... but they can only make so many and the wait time will reflect that.

Similar to the Ford Raptor or Jeep 392 etc. when production is limited people will pay more to get into one. Early reservation holders are in the best situation.

I do plan on keeping mine but I think this idea can't be ignored in our market. Thoughts welcome.

I've definitely contemplated it....I reckon I could get an additional £20k for it....going by the new range rover (well over £30k list)

But I've spent too long waiting for it

 

[trobex]

Could make $20-30K AUD on day one selling to open market... but there is no replacement vehicle in the range so good luck!

 

[roozkhan]

I have been around a lot of that flipping. I’ve managed to get a few desirable cars/trucks over the past two years. They were really very strange times for all types of hoarding and flipping. The one part of the equation that will be different (as the grenadier is released) is that money isn’t free anymore. I was very tempted to flip a couple cars but I’m glad that I didn’t give in to the temptation. We are living in a strange time of perceived (if not actual) scarcity. My honest advice to any one lucky enough to be able to get/afford a first run Grenadier? KEEP IT! Use it and enjoy it. I have a nagging feeling that we might not be able to replace them easily in the future. Strange times indeed

I agree with this. Ineos maybe the last manufacturer to make a vehicle with this capability and at this price. G wagen has same capabilities but almost double in price. Realistically, Ineos may stop building these in the next few years if they can't flip a profit. If this happens, you have a true collector car in your possession if you ever want to sell it.

 

[MilesD]

If decisions were only about money we would all be 'bankers', and what a boring world that would be :-0.
Still smiling after 3 months of driving an 'AMI', and a wonderful by product of the Ineos delay is the smiling will simply transfer to the IG.......AND when that smiling wains, the Meccano/spanner set will then come out and the real fun starts .............whats not to like, when somebody without a narcissist agenda yet deep pockets, funds your ultimate Tonka Toy dream.............

 

[Schoeniman]

I already told my kids, "If I die before I get the car, you can sell it at least with 10% profit, because there already was a price increase on new orders".

I only forgot to tell them that according to my planning I will die in 2057, still with that same Grenadier in my possession!

Haha...we have the same plan...2057 it is. That would mean an age of 95 for me. The Grenadier will stay with us until then! Might be the last Diesel Burner I'll ever buy.

 

[MileHigh]

Funny, I was more worried about this being a financial disaster of Delorean proportions than making money. I’ve bought sensible cars at good prices for the last 30 years. I told my wife I’m due one flier that might literally crash and burn.

OR it could be a 1993 110 NAS, which Is worth two-three orders of magnitude more than the Jeep Grand Cherokee that was its closest rival at the time….

Tempting to think what I would do if I had two or three ordered. The third might get sold, but even if I had two, I think I‘d keep and ‘heir and a spare’.

 

[das mo]

Birds tweet that we will have the next price increase before summer.

In times of other brands adding another 50% on top, I do not see Ineos covering people, parts and energy cost increases with the current price tag.

For those of us to being part of wave 1, I do not see another chance to grab such a beautiful piece of engineering cheaper for many years to come.

Maybe when alternative tech and infrastucture becomes commodity in 10-15 years…

 

[Norb-TX]

I won't be. But I'm not opposed to people doing it. Its their car, they can do as they please.