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Usually at a premium.Re-sell the car, usually fairly quickly after buying it yourself.
Usually at a premium.Re-sell the car, usually fairly quickly after buying it yourself.
That would be a very large windfall, esp for someone for whom that 75K is a bit of a stretch (financially or to justify the expenditure)Get a well specced Grenadier for 75-100k sheckles and you’ll be able to sell it for 150-200k of the same money.
A problem possibly mitigated by a sizable net reduction in replacement cost (using the windfall)Problem is you won’t be able to get another one for a long long time
Almost no chance that I will flip the car, it will probably be my last car, unless it gets stolen or gets crashed.
Do the buying party pay with cashier's check or cash? Just curious how such large transaction amounts work.Usually at a premium.
Different places have different norms on this I think. I would think these days most common would be a bank transfer. I have definitely sold cars for folding cash before, but the largest has been about $20k. I doubt people would want to be doing $100k+ transactions in cash. I paid $70k for a car by bank transfer recently in a private sale, sat in the guys kitchen with him, did the transfer on my phone with his emailDo the buying party pay with cashier's check or cash? Just curious how such large transaction amounts work.
Indeed here the most professional dealers want a bank transfer and no cash as there would be enquiries where the money came from when paid in cash.Different places have different norms on this I think. I would think these days most common would be a bank transfer. I have definitely sold cars for folding cash before, but the largest has been about $20k. I doubt people would want to be doing $100k+ transactions in cash. I paid $70k for a car by bank transfer recently in a private sale, sat in the guys kitchen with him, did the transfer on my phone with his email
Address confirmation from my bank. Showed him the successful transfer on my ohone ajd he got the email confirmation from my bank and we were good to go.
Like wise in the UK. Getting cash out of your bank account is restricted for large amounts.Indeed here the most professional dealers want a bank transfer and no cash as there would be enquiries where the money came from when paid in cash.
In many countries the use of cash already is forbidden for higher amounts.
Here any cash transactions in or out of banks over $10,000 are reportable but can be done, but most banks these days also don’t carry the same amounts of cash as they used to, so you would need to pre order probably and definitely fill in a lot of paperwork. There was a proposed bill to ban cash transactions over $10k but it has been abandoned for now, so it can be done but there is no obligation on a seller to accept large quantities of cash either understandably many people don’t want to have to handle or take the risk of having that much cash on hand.Indeed here the most professional dealers want a bank transfer and no cash as there would be enquiries where the money came from when paid in cash.
In many countries the use of cash already is forbidden for higher amounts.
Gold bars? Or is that the stuff of old movies?Here any cash transactions in or out of banks over $10,000 are reportable but can be done, but most banks these days also don’t carry the same amounts of cash as they used to, so you would need to pre order probably and definitely fill in a lot of paperwork. There was a proposed bill to ban cash transactions over $10k but it has been abandoned for now, so it can be done but there is no obligation on a seller to accept large quantities of cash either understandably many people don’t want to have to handle or take the risk of having that much cash on hand.
With gold you always have those nasty arguments regarding the true exchange rate.Gold bars? Or is that the stuff of old movies?
Yes it's always an awkward exchange, but if you haggle enough....With gold you always have those nasty arguments regarding the true exchange rate.
On average, I buy a car every 15 years (Disco). There’ll be no flipping here …… but hopefully it keeps a healthy value just in case my trend changes . I’m buying this thing ‘cos it looks like the only thing on the market that has the best chance of lasting a long time.I have no plans to flip mine, quite the opposite I am hoping it lives up to its longevity claims, and I have it for 15+ years. However, it is nice to know that if my circumstances changed or it turned out, I hate the reality of it. Based on the early order discounts I could easily sell it for what I’ve paid, and maybe even make a little profit.
Well Ineos aren't predicting any unusual residuals over the first few years.
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