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Long story short. I have 2 Broncos on res (Day 2 res holder). One for me and one for my dad as a surprise. I got tired of waiting on mine but kept the res just in case. I received my MY22 D90 last Tuesday. Yesterday I get a pic/e-mail that my Bronco is ready after zero updates for a couple of months. Unfortunately my dad's is still pending. I was hoping my dad's would be done first, but nope. Also, I cannot give him this one to my dad bc I got him CO (he loves him some orange cars).
So now I have this Bronco that I can abandon and watch the dealer mark-up 15k OR I can buy it and flip it.
I want to flip it to someone (already have someone lined up. He is an acquaintance. So while I know him I dont know him THAT well) with a balance of it being worth my time while not ripping him off.
Just tossing a # out there...... For it to be worth my while of getting a loan and assuming the risk if the buyer backs out, plus having to pay tax on the profit I would make, I was thinking 5k to 7,500. But even throwing that # out there makes me feel like an ass. In the end I still need to get something for the "trouble".
Really wish I could simply have him come to the dealer and buy it from them at MSRP but the dealer already told me they wont allow it since they would mark it up 15k.
Thoughts? Is 5k too much?
So now I have this Bronco that I can abandon and watch the dealer mark-up 15k OR I can buy it and flip it.
I want to flip it to someone (already have someone lined up. He is an acquaintance. So while I know him I dont know him THAT well) with a balance of it being worth my time while not ripping him off.
Just tossing a # out there...... For it to be worth my while of getting a loan and assuming the risk if the buyer backs out, plus having to pay tax on the profit I would make, I was thinking 5k to 7,500. But even throwing that # out there makes me feel like an ass. In the end I still need to get something for the "trouble".
Really wish I could simply have him come to the dealer and buy it from them at MSRP but the dealer already told me they wont allow it since they would mark it up 15k.
Thoughts? Is 5k too much?
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