Yesterday I hit two of them.
There was a gold 2000 Ford Ranger that had been donated to a charity. The charity marked in big bold letters that it had a bad transmission. Yet it had no key and the owner who had it for over 20 years had obvious borderline OCD tendencies.
Not only did it look showroom new with none of the coffee stains and rips that mar most 20+ year old trucks, but the owner printed out the entire owner's manual, page to page, on their home computer and stored the 200 pages in a folder underneath the passenger seat.
I bought it for $2900, had new keys made, drove it a good 50+ miles to make sure everything was fine, and sold it for $6995. 120k miles. That new owner is getting one hell of a great truck.
The other home run was getting a popular SUV with super-low miles at a price well under average wholesale. 2018 Jeep Grand Cherokee Limited with 8,227 miles. Auction bid price was $28,500 when I have seen plenty of others go for well over $30k. Between the post-sale inspection, auction buy fee, my fee, and $300 to transport it from Orlando to Atlanta, the owner will have still bought it for under wholesale average.
Higher interest rates are slowly leveraging cash buyers into a stronger bargaining position. I don't see a crash. But the car market is definitely adjusting to a slower economy.
There was a gold 2000 Ford Ranger that had been donated to a charity. The charity marked in big bold letters that it had a bad transmission. Yet it had no key and the owner who had it for over 20 years had obvious borderline OCD tendencies.
Not only did it look showroom new with none of the coffee stains and rips that mar most 20+ year old trucks, but the owner printed out the entire owner's manual, page to page, on their home computer and stored the 200 pages in a folder underneath the passenger seat.
I bought it for $2900, had new keys made, drove it a good 50+ miles to make sure everything was fine, and sold it for $6995. 120k miles. That new owner is getting one hell of a great truck.
The other home run was getting a popular SUV with super-low miles at a price well under average wholesale. 2018 Jeep Grand Cherokee Limited with 8,227 miles. Auction bid price was $28,500 when I have seen plenty of others go for well over $30k. Between the post-sale inspection, auction buy fee, my fee, and $300 to transport it from Orlando to Atlanta, the owner will have still bought it for under wholesale average.
Higher interest rates are slowly leveraging cash buyers into a stronger bargaining position. I don't see a crash. But the car market is definitely adjusting to a slower economy.
