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Cobra R's
2000 Cobra R on Barrett-Jackson
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<blockquote data-quote="cobra186" data-source="post: 8895662" data-attributes="member: 6221"><p>Or you can think about the hammer price of $43K minus the 8% seller fee ($3440) leaving the seller a measley $39,560.. not including the consignment fee and transportation cost. The seller probably only ended up with about $38k out of his "wrapper" '00R. I would have gladly given him $40k and stuck it on ebay for a quick profit with minimal effort.</p><p></p><p></p><p>When you take a car to an auction such as BJ.... the car in theory has to bring 15% more than its value in a private sale for the seller to come out. THEN the buyer needs to buy the car for 15% less than its value in a private sale to come out...so in most cases the auction is a loss-loss for both sides.</p><p></p><p>Even the buyer of '00R #296 did not really come out good by buying the car cheap at $43k... add the 10% buyers premium, transportation and taxes... the car is then close to $50K which they can be found at just about anytime for that price.</p></blockquote><p></p>
[QUOTE="cobra186, post: 8895662, member: 6221"] Or you can think about the hammer price of $43K minus the 8% seller fee ($3440) leaving the seller a measley $39,560.. not including the consignment fee and transportation cost. The seller probably only ended up with about $38k out of his "wrapper" '00R. I would have gladly given him $40k and stuck it on ebay for a quick profit with minimal effort. When you take a car to an auction such as BJ.... the car in theory has to bring 15% more than its value in a private sale for the seller to come out. THEN the buyer needs to buy the car for 15% less than its value in a private sale to come out...so in most cases the auction is a loss-loss for both sides. Even the buyer of '00R #296 did not really come out good by buying the car cheap at $43k... add the 10% buyers premium, transportation and taxes... the car is then close to $50K which they can be found at just about anytime for that price. [/QUOTE]
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2000 Cobra R on Barrett-Jackson
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