Carmax Appraisal Offer

[Seanette]

No comment on the financial side, just thought the nested Broncos were adorable and the kiddo's a cutie.

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[Shotsy]

I'd by a car every month for 62k OTD if I could sell it the next month for 69k.....I mean 84k a year in tax free income rolling 62k is "pretty good" return. rofl

How is it tax free? You'd need to pay capital gains if you sold a car for a profit....

 

[airishfan]

if they give you 69k for it then they would need to sell it for at less few K more to make money off it .If you want more then 69k for it then post it as a private sell or something like that

 

[rugbysecondrow]

It’s my Son. He has kind awesome hair. We cut it recently because the maintenance is tough. People assume that often because he has some awesome hair.

Bear Down!

 

[lasttj]

How is it tax free? You'd need to pay capital gains if you sold a car for a profit....

Shhhhh......the IRS is listening and monitors this forum.

 

[pony2bronco]

Shhhhh......the IRS is listening and monitors this forum.

You joke, but didn't the new bill just weaponize the IRS and allow them to see every transaction over $600?

 

[TXNavy]

You joke, but didn't the new bill just weaponize the IRS and allow them to see every transaction over $600?

That's why you ask for equal payments of $599.99

 

[Brongo]

Put it on eBay with the other overpriced Badlands!

So many listings with high reserves but not so many with actual bids.

 

[lasttj]

The IRS is going to love this guy....two FE's listed on eBay.

https://www.ebay.com/sch/russell-be...~vgAAOSwuN9hhW1T&rt=nc&_trksid=p2047675.l2562

 

[OU812]

How is it tax free? You'd need to pay capital gains if you sold a car for a profit....

Technically, agree. And probably not capital gains because you would not have held onto the
Bronco long enough, for starters..

That said, for a private party, one off deal, the question becomes how would you attract attention?

 

[OU812]

You joke, but didn't the new bill just weaponize the IRS and allow them to see every transaction over $600?

No

 

[Compta38]

They're offering you $69k on a vehicle that costs $56k and you think that's low? lol jfc.

 

[Bronco21fan]

Couldn't care less about value. Your daughter with the mini Bronco is freakin adorable.

Lol that’s not a girl it’s a little boy with long hair

 

[one800higgins]

A way to contribute more to your child’s education or future due to a rare automobile market is not ironic. If an opportunity presents a way to turn a depreciating item into a profitable one than it is something to consider. The Bronco will stay unless a significant to ME dollar amount interest me enough to sell. Nothing wrong with testing the waters in this vehicle market.

The irony is that you say it’s your 6th car and that’s why you’re testing the markets, and considering it as a way to put money away for your children…

But vehicles are inherently a depreciating value and the fact that you lucked out into a situation where you can get a small gain doesn’t really make up for the fact that it was an unnecessary purchase in the first place. That $60K could have gone into any number of methods that would appreciate in an all but guaranteed manner and make way more money over time for your children.

I mean, you do you… the explanation of why you wanted to flip was just incredibly ironic to me.

 

[Sharky1951]

With the market the way it it I wanted to see what I could get for my Badlands SAS MIC High Package,Tow, 2.7 and I was disappointed. After Taxes at purchase it was $62k and the offer was only $69k. Where are these higher offers from?

Check out Carvanna, they offered me $5000 more than car max , all you have to do is enter your license plate number to get an instant quote.

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