Quote:
Originally Posted by 68style
I don't think someone would flip it for that price... it would have cost them $3k in taxes to buy at $25k... and they are ASKING $30k and nobody pays ask price on CL... I seriously doubt they would risk that to make <$2k
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You kinda contradicted yourself there by assuming someone paid 25k then following up with "nobody pays ask price on CL" .. I based my statement on asking prices and figured roughly 3k could be made for a day in the car and some paperwork.
That is, of course, if the buyer is willing to purchase for 3k more than the sellers total cost. And with a rebuilt, that's riskier than without the rebuild status.
My guess was the 3k profit wasn't the goal here, the car has some skeletons as a result of the theft and the buyer is trying to get as much back as he can by asking more than what he paid after tax.
If it really is a flip and they paid $21,500 as suggested here, thats just over 23k after tax and if he can get 28k or so, 5k is pretty good for a days work.