How hard is it to buy and sell?

buyingselling

Not too long ago, heading to eBay and Craigslist were the two big ways to find a car online. As fees go up, and sadly Craigslist now has them, where do you go to find a good used car, especially from a private party seller? As a seller, where do you go to post a car to find a buyer?

I am not versed in this area at all. I simply have a quick opinion about it. When Craigslist came out with the fee to post a vehicle, the next free option was Facebook Marketplace. That was a great option until recently. Now, Facebook has all sorts of filters that make it very difficult to find a vehicle. For example, two vehicles that I like to look for are Jeep Grand Wagoneers and Porsche 944s. Neither are an option to filter by when you select model under those makes. When you do an open ended search it doesn’t pull up very relevant stuff. I am not sure if those models can be entered. It just gets frustrating. eBay Motors also used to be glorious, but that is also not the best way to find cars either. At this time, the best way I have found to find cars is AutoTempest. But, while the results are satisfying in quantity, it can be tedious to go through them. A note to make as well is that while you can filter for all sorts of features you want, there is actually no way to filter out features you DON’T want. If you are trying to find something without heated seats, there really isn’t a good way to find a car that doesn’t have that. You have to go one by one. Lastly, as if trying to find a car isn’t hard enough with all these factors, there is the issue that you are never going to find the correct car from the start. According to Jalopnik, an issue appears to be happening with Toyota Supras that are showing as 6 cylinder cars on AutoTrader, when in fact they are 4 cylinder cars. A website can only display what information is entered, at least…I think. At the time of this writing, there was not a response as to why this was happening.

Then, you have the buying side of things. Oh my goodness. As if it wasn’t hard enough to FIND the vehicle you want, now you have to deal with PEOPLE. Egos flair, information is withheld, paperwork is tedious, time is wasted, it is seriously just the most aggravating process ever. I’ve never bought a car from a dealer, but I’ve heard it is an absolute drain. But, I am almost certain that sometimes dealing with private party buyers or sellers is just as insane.

What really hit me as an eye opener to how even as a car person, I am now not interested in buying or selling cars, was a conversation I had with a friend the other day about buying and selling cars. This friend indicated that their car was getting older, it has miles on it, and they would potentially be in the market for a newer, but still used car, in the very near future. They said they would simply shop at CarMax and trade in their current vehicle for the newer one. Now, almost all car enthusiasts would suggest against this. I have grown up being taught to drive your car until the wheels fall off, or to private party sell your car because you can get more money. But…after I started thinking about it, from all the points I have mentioned above, I realize why that is a bad idea. Especially for a non car person to try to private party sell their vehicle.

I was tasked to sell a friends vehicle one time. They gave me a price they wanted to get and told me any price above that, I could keep. I also had roughly a 30 day time frame to sell. Let’s just say I am not a salesman. I did manage to sell it. However, it was only at the price that the friend wanted and I barely got rid of it in 30 days. While there are factors that can be part of that, like the car itself, I still didn’t do nearly as well as I had hoped I would have done.

In the end, I think CarMax and trading in your vehicle is a great idea. It can save you time and headache. You might think you are doing yourself a favor by trying to sell your car yourself. But, think of all the time, effort, and materials you are putting into that, to create the listing, prepare the car, deal with calls and emails and texts with stupid questions and non showing interested parties, and absolutely insulting low offers. Do you really want to deal with all of that? Just…think about it.

Scalpers: Those Pesky People who get to the Pegs First

for blog about scalpers

The word scalper according to Google is defined as “a person who resell shares or tickets at a large or quick profit” If you are familiar with the Hot Wheels hobby, you have no doubt heard this word used often. It is not a word or person that someone wants to be…or is it?

I think the true issue people have is this. They are mad at “scalpers” which really means anyone who finds cars on the pegs at a store before they do. I saw a post on social media the other day about how crappy a person’s day was because they walked into a store just to have someone pull a super treasure hunt out of a case right in front of their eyes. When it is all about the super treasure hunts, there really isn’t a lot of depth to the hunt or hobby at that point. Especially if you consider yourself to have the rest of your day deemed bad because of it. This is silly to me. Pallet raiders and door warmers and the over used term “scalper” are just ways to blame others for something you can’t control.

Hot Wheel hunting is a very time consuming, expensive, repetitive, tedious, and patience practicing hobby. I’ve seen so many people get into the hobby at full throttle only to get worn out, frustrated, and low on funds in a matter of 6 to 9 months because they did not understand what they were about to get themselves into. Many people are considering this an investment hobby as well. Now days there are so many stories of childhood toys worth thousands of dollars tucked away in closets and attics. People create value and things get expensive for a time, but everything is cyclical. Those of us who have been in the hobby for more that a few years, in many cases, decades, just learn to be patient.

A number of months ago, a video was going around the internet showing the popular author, entrepreneur, and speaker Gary Vaynerchuk attending a garage sale. The part I am referencing starts at 11:54 and goes to 15:07. Here is a quick clip on Instagram if you don’t want to watch the whole thing linked above. In the video, he came across a tub full of diecast cars, haggled a bit with the sellers, and then purchased the lump sum. He then went back to his car and quickly Googled some of the cars in his recent purchase to find that some of them were worth already more than what he paid for the bunch.

At first I found myself very angry at that video. Now every person who owns any diecast car is going to think they have some gem worth something expensive and make the diecast hobby that much more expensive, cluttered, and inflated. Plus all these people are only doing it for the money. They aren’t into it for the collecting or the way the cars make them feel.

Then I started thinking about it more and realized it’s not a big deal. If you have a product that you can somehow find a buyer to buy it for more than you did, props to you. I do that. When I have found a fresh case on the pegs before anyone else, I will buy all the cars I want, and if I have extra, I will sell, trade, or give them away. I wouldn’t consider myself a “scalper.” It just comes with the hobby. The only issue it really creates is that now, if you are really into the hobby, the prices of things become incredibly inflated. But that is a cycle. Once people realize that it is not the most lucrative thing because you have to work hard and hustle, prices will get back to acceptable rates. You just have to be patient.

We watch people on TV flip all kinds of things. Between Flip or Flop on HGTV, Fast N’Loud on Discovery, or an old school favorite like Pawn Stars, all of these shows teach people how “lucrative” flipping or buying and reselling can be. But not everyone is cut out for that and not everyone has the skill, talent, work ethic, or patience to do that. In the end, if you really want something, you’ll have your own opinions on how to get it and at what price. When it comes to selling, it is the same thing. That cycle is what keeps the economy rolling along. For all of those people who have found their niche and are sticking with it, they will know how to be patient and play the long game. That is when the most work, the most fun, and the most profit all start to coincide and true enthusiast has been made.