My little butt hurts LMAO

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67Dart273

67Dart273

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I guess a pea brain can justify anything LOL

http://spokane.craigslist.org/cto/5197681879.html

Re:1966 mustang ripoff - $15000 (Spokane)

This car was purchased for 7k than flipped for 15k the next day by this guy, text him let him know what you think of this Richard Rawlings wannabe. This is exactly why car prices/classics are so high. People buy for what they are worth from the real builders and then try to flip to a sucker for double. This guy has another one for sale on cl, beware

00c0c_XKi0Oidish_600x450.jpg
 
I'd turn it to for a 8k profit, you'd be
an idiot not to.:coffee2:
The guy that sold it for 7k was a dumba$$ and now he's crying.
 
Yup, sounds like he is mad because he didn't do it.

Or is he the one that sold it for 7K, lmao.
 
People pay the prices. End of story.
 
It sounds like he got a good deal and made a good profit.
What's wrong with that?
New car dealerships do that every day as well a grocery stores etc.
What makes this guy so bad in the grand scheme of things?
 
I say congrats to the guy who flipped it as long as the end user is happy with the deal...good job.
 
Funny.

Seems like there's a lot of same butt hurt here when someone flips something.
 
Dartnut said:
It sounds like he got a good deal and made a good profit.
What's wrong with that?
New car dealerships do that every day as well a grocery stores etc.
What makes this guy so bad in the grand scheme of things?
Click to expand...

Dealerships and groceries stores are licensed businesses, and they pay taxes. Car flippers are not, and they don't. In WA state, it is illegal to buy and sell cars for profit without a dealer's license. It is also illegal to sell more than 4 vehicles within 12 months without a dealer's license. Getting caught carries some pretty hefty monetary penalties. The state doesn't like to lose money on licensing fees and taxes. As a small business owner, I know this too well.

I see flippers on CL all the time. They're easy to spot, for the most part. People reuse pics from the old ad, or a car disappears from the listing and shows up 3 days later with new pics and an incredibly inflated price tag, the person selling doesn't have the title "yet", etc..

What worries me about this is that the powers that be (the government) will eventually take notice of this too, and you know how that goes. I could easily see them changing the laws on things like the gift exemption, taxes on market value, title processing fees, etc., to make up for lost revenue. They might even tighten current restrictions, for example, dropping the number of cars a private party can sell in a 12 month cycle from 4 to 2. Why does this worry me? I'm a car guy. I buy cars, I end up selling some of them, I buy more. Not for profit, but for a hobby.

As private car flipping becomes more and more prevalent (read: with more dollars changing hands) the DOL will pick it up. They can already track the title and can see who is a dealer, and who isn't. Changes may not happen in one year, or three years, but they'll eventually catch on and probably do things that will impact the rest of hobbyists, who aren't in this game for the money.

Just my two cents.
 
Its unfortunate but it happens alot more with parts.
I guess if I didnt have any responsibilities, dependents and debt accrued,
It might be an option if you dont need "x" amount of dollars a month to survive.

Maybe my next life.
 
"Changes may not happen in one year, or three years, but they'll eventually catch on and probably do things that will impact the rest of hobbyists, who aren't in this game for the money." dozer556

Not to worry dozer556, all this will go away when we go to a cashless system.
There will be a electronic record of all transactions and all will be kept equal.
 
its called freedom to buy and sell as you please. no-one made anyone do anything. if you dont like freedom please dont let the door hit you in the ***
 
dozer556 said:
Dealerships and groceries stores are licensed businesses, and they pay taxes. Car flippers are not, and they don't. In WA state, it is illegal to buy and sell cars for profit without a dealer's license. It is also illegal to sell more than 4 vehicles within 12 months without a dealer's license. Getting caught carries some pretty hefty monetary penalties. The state doesn't like to lose money on licensing fees and taxes. As a small business owner, I know this too well.

I see flippers on CL all the time. They're easy to spot, for the most part. People reuse pics from the old ad, or a car disappears from the listing and shows up 3 days later with new pics and an incredibly inflated price tag, the person selling doesn't have the title "yet", etc..

What worries me about this is that the powers that be (the government) will eventually take notice of this too, and you know how that goes. I could easily see them changing the laws on things like the gift exemption, taxes on market value, title processing fees, etc., to make up for lost revenue. They might even tighten current restrictions, for example, dropping the number of cars a private party can sell in a 12 month cycle from 4 to 2. Why does this worry me? I'm a car guy. I buy cars, I end up selling some of them, I buy more. Not for profit, but for a hobby.

As private car flipping becomes more and more prevalent (read: with more dollars changing hands) the DOL will pick it up. They can already track the title and can see who is a dealer, and who isn't. Changes may not happen in one year, or three years, but they'll eventually catch on and probably do things that will impact the rest of hobbyists, who aren't in this game for the money.

Just my two cents.
Click to expand...

Let's keep this light.
A flipper is a flipper, taxes or not.
How do you know this person doesn't pay taxes on his profits? (Not likely, but how do you know?)
As a small business owner, do you ''flip'' your products and services for a profit?
If not, you certainly won't be in business for very long.
As for car dealerships, my heart bleeds for them. (I'm being totally sarcastic!)
One thing i do know for a fact is that the lights in Las Vegas don't stay turned on because everyone is gambling and winning. Their ethics are out the window, and everyone knows that. It's not personal, it's just business.
I too am in this hobby for the pleasure, not the money.
But if i have the chance to make some money off of a car or some parts, i do it and turn the money back into my cars. No topping up the investments here or lavish holidays from some poor unsuspecting sap willing to get duped into a sale.
I have a heart, a lot of car dealerships and businesses don't. It's all about the money to them in profits......who cares how many people it effects. Period.
Taxes or no taxes, laws or no laws.
Nobody held a gun to the buyer's head to buy anything as far as i understand in this case.
So, again, what has anyone done wrong here?
JMHO,
Tom.
 
ramenth said:
Funny.

Seems like there's a lot of same butt hurt here when someone flips something.
Click to expand...

I never understood this. If somebody asks me how much I want for something, and I tell them 20 bucks, if they pay me I'm happy. And if that same person gets 200 bucks for the thing they paid me 20 for, good on them. If it was worth 200, and I unknowingly sold it for 20, it ain't nobody's fault but mine for not doin my homework. And if it was really only worth 15, good on me for finding a sucker to give me 20, and double good on him for finding a bigger sucker to give him 200. Even if it was worth 50, and I say 35, and the buyer counters with 20, it ain't nobody's fault but mine if I accept.

Just like the time in 1999 when a guy called me and asked if I wanted a 72 Dart for $40. I bought it, a 69,283 mile car with a current state inspection. A friend asked how I could sleep at night after taking advantage of the seller. My response " If HE offered it to me for that price, and I take it, what's the problem? If he offered it to me for that price, he would offer it to somebody else for that also. So I sleep just fine, knowing I saw a deal and took it!!!"
 
Dartnut said:
Let's keep this light.
A flipper is a flipper, taxes or not.
How do you know this person doesn't pay taxes on his profits? (Not likely, but how do you know?)
As a small business owner, do you ''flip'' your products and services for a profit?
Click to expand...

Of course I do. And I pay taxes on all of it. Business taxes, personal taxes, etc.. That's the coin you hand over for having a legitimate, licensed business.

As I said in my post, my issue is that flipping is illegal in Washington unless you are a licensed dealer. When you have a good number of people circumventing the law, (and in this case, keeping money out of the government coffers) the government will eventually do something to change that. Usually, that change affects a whole bunch of people, not just the bad guys.

Do I care, on a personal level, if Mr. Flipper makes $80 or $800 or $8000 on his venture? No. What I do care about is that the state will catch on to Mr. Flipper's activities and do something to either 1) make it more difficult to buy and sell cars as a private party in this state, or 2) make it more expensive to buy and sell cars as a private party in this state. Either way, I'm unhappy.
 
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