Hi, I ordered a new 2021 Mustang Mach E Premium AWD that has arrived at the dealer. I’m not quite ready to purchase the car. This is the first time I pre-ordered a ‘hot’ car and I’m fairly new to this.
I see the exact same VIN advertised on the dealer’s web site for a $7,500 markup. Is there a way for me to “transfer” and monetize the reservation?
How do you monetize what you haven’t paid for yet?
Yes to monetizing, if you signed for a lower selling price. Buy and then sell.
Don’t open multiple threads, especially under Transfers.
Year, Make, Model, and Trim: Ford Mustang Mach-E Premium AWD
Location: Bay Area CA
MSRP: 51,400
Monthly payment (pre-tax): OFFER
Effective monthly payment (if incentive is provided): OFFER
Current mileage: 0
Maturity mileage:
Effective miles per month:
Maturity date:
MSD due (if any):
Cash due (if any):
Incentive for new lessee (if any):
Financial institution:
Transfer fee:
Out-of-state transfer allowed (yes/no):
Vehicle condition (accidents, tire wear, etc.), options, and other details:
Photos:
See post in Off-Ramp
You ordered a car. Decided you didn’t want it? The dealer has to sell the car you spec’s out.
And you want the dealer to give you 7.5k?
do you have a deposit on this car? if no, you can take a walk. if yes, you should get your deposit back and get out of the way and let the dealer sell a car.
No, I want a private party to pay me $3,750 and take the car at less than what the dealer is marking it up for. And it’s not some highly customized offering either. Stock+White+AWD.
Have you confirmed how much the dealer is willing to sell the car to you for? And if you don’t want it, who says the dealer will honor that same pricing for someone else?
Essentially you are asking if you can broker a car that you ordered for yourself?
and with dodging sales tax
Why would the dealer put your car up for sale, you have not canceled your deal yet, right?
Dealers do that all the time to ‘pad the inventory’ My car back in Feb was a transfer from a different dealer and prepaid at that.
They put it up that day for ‘sale’ on their site even though it was already sitting in my driveway.
It’s healthy to have an active fantasy life.
Only to a certain point, my psychology-major friend says. Not sure if the line is crossed here.
The dealer hasn’t sold it for $7500 over, that is what they are hoping to get (they probably could)
You don’t own that car, and if someone else comes up saying “rj23456 said I could have this car at MSRP”. They’ll laugh that person right back out the door.
The only thing you can do is to buy it at MSRP, then try to turn it around and sell it for a profit. Probably not worth the hassle.
That’s the kind of practical advice I was looking for and essentially what I have concluded. The markups in this market don’t justify paying 9% sales tax.
All depends on the state. NJ there is no sales tax on EVs. Flipping is much easier here
I’m curious about this, first you want to monetize what you didn’t pay for, then you don’t want to pay Sales tax?
I’m amazed at how everyone here looks for the worst possible reason.
A. I paid for an option to buy the vehicle. The dealer is likely to profit if I don’t exercise the option so I wanted to explore if there was anyway for me to to arbitrage the spread.
B. I concluded that buying the vehicle paying sales tax and reselling it did not make sense. How do you jump to the conclusion that I want to avoid paying sales tax?
Financially speaking, that was not a publicly traded option, but an OTC one. Thus you can’t sell the option itself, you can only exercise it and profit from difference in prices.
Due to high friction in the car market, exercising that option is expensive, and thus is likely not profitable. So unfortunately, you are out of luck here.