Everyone has a certain point with their daily driver when they would rather see money back in their pocket, instead of seeing more money fall out of their pocket.
Time marches on. That old clunker loses it’s endearing qualities and then, what do you do?
Well, the answer depends a lot on what type of vehicle you’re trying to sell… which is why I’m introducing Carmax’s wholesale operations into this write-up.
6:30 P.M. and three more cars just pulled up to my place… on a Monday…
Have I just bought a McDonald’s franchise? Not quite. This is the start of what we call “tax season” in the used car business.
A time when tens of millions of Americans who live paycheck to paycheck get a nice four figure lump sum from Uncle Sam and his favorite sub-prime debt dealers.
Georgia is now seriously weighing in House Bill 907 which opponents have dubbed the, “Taxi Monopoly Protection Act.”
It would effectively outlaw ride sharing services like Uber and Lyft. While also making cab companies victims of the usurious fees that they are required to pay to remain in business.
My solution to all this would be politically tone deaf and probably DOA in GA. My special interest is simply a personal one. I want to see better ideas work for the general public.
So here’s my deep dive into the rabbit hole that is government balancing one man’s freedom with another man’s fears.
When I peruse the websites of some of my local yards, it seems like some of these cars have very little damage but some insurance adjuster has written them off based on whatever metric the company uses.
I’m an experienced shadetree mechanic and it seems like getting a 3-4 year old car for 30% of its original MSRP would be a screaming deal, and since warranty coverage is no longer an issue, it comes down to diminished value on the salvage title. I tend to keep my cars for 8-10 years so who cares.
Here’s where my doubts creep in.
If it was such a great idea, I would have surely read more about it. In the case of this one nearby yard, they have a huge collision repair facility. So why aren’t they repairing and flipping these cars? Googling doesn’t provide a whole lot on the pros and cons, just on the procedural aspects.
Any experience or stories ?
The best part about working at TTAC has very little to do with the constant press car access, the barely-disguised graft known as “new car launches” or having various varieties of invective spewed at you by tens of readers each day. No, the real fringe benefit is that you are paid to spend a fair amount of your waking hours reading and researching about cars, and that includes browsing the online classifieds for strange and obscure cars.
There are some things that I am too damn old and open-minded to understand.
Like hating a car brand. Especially in those common cases where folks haven’t been exposed to any level of vehicle derived hardships.
Toyotas are boring. BMW’s are Yuppie-mobiles. Mercedes-Benzes are for snobs. On an on, through the lexicon of cliche and generalizations comes the silliest of stereotypes. As much as I hate to see it, hear it, and read it, I’m resigned to the fact that there is always going to be some version of this nuttiness in our world.
But what if there was an easier means to defeat it? In fact, as many of you know, there already is. A force of human good that can outdo any scam artist or snake oil salesman.
The enthusiast forum.
“You can have any car you want. So long as it’s a Toyota or Honda.”
My parents had offered to split the costs of a new car with me back in 1994. That matching policy eventually included an awful lot of disclaimers and exclusions.
“No V8! No V6! No turbo! No stick! No convertible! No small car! No! Nein! Nyet!”
I eventually settled on a red Toyota Camry Coupe that served me well for 12 years and nearly 240k miles. It’s still on the road, which is funny because my brother, who had an equal bent on the Toyonda reliability supremacy, did something unusual recently.
He bought an Audi. Then he did something even stranger than that… he bought another.
I just got a job that involves a fair amount of driving and I am looking to spend about 11-13k on a car that is fun to drive but at the same time practical and reliable.
In the world of auto journalism, there are a laundry list of used car buyer’s guides that end up molderizing on shelves and stagnating on servers.
These self anointed guides will offer the typical consumer nothing of value except puffed up prose designed solely, and soullessly, to make you feel better about your own car buying biases.
Let me take that back. Did I say nothing of value? My mistake. I meant negative value. As in you’re probably going to get royally screwed if you ever take their advice. Here’s why…
“You know, I always wanted a…”
Those words are about as common as kudzu at my Georgia car lot.
They aren’t usually reserved for the late model vehicles though. When it comes to the primary drivers, customers are always willing to fork out the money for their dream car.
It’s the second older dream car, or third-string beater dream car that slides down the scale from want to nothingness.
You know what the most popular ‘almost’ car is these days?
Imagine you’re going on a 27 mile hike over the course of three days.
It’s a long journey ahead. Hills nearly as big as mountains. Wet and slippery ground everywhere.
And the sun? It can beat you down to the point where you feel as ragged as a wore out mop. There will be no hiding from the obstacles ahead. None.
Now imagine if your partner for this journey came up to you, and the first words he blurted out were, “Those are some nice boots you have! But I got a killer deal on mine.”"
Would you think they were, well, a schmuck? To put it lightly?
Now consider this…
Video contains offensive language — JB
“Sweetie, please don’t tell them I’m a car dealer.”
“They already know Steve. Oh, before I forget, Jeff will be asking you where to find a cheap transmission for his Dodge Caliber.”
“Hmmm… you know what? I think maybe I should change my name to Siri. I could have the guys pull my finger and the women…”
“No you won’t! And don’t go on about fixing Johnson Valves and torquing your nuts. And please, don’t brag about your John Holmes drill either.”
Over an uncharacteristically lazy Labor Day weekend, I found myself chatting with Derek Kreindler about subjects near and dear to the apex of TTAC’s masthead: semiotics, the musical oeuvre of John Mayer, and – briefly – automobiles. Given my mild disappointment with Porsche’s newest mid-engined cars, he suggested a Porsche 911 GT3 from the 996 generation, pronouncing it “certified badass.” I protested that they were quite rare, and I’d never had the opportunity to drive one, but I’d check local listings to pacify him. Lo and behold, there was a Speed Yellow example on a used car lot less than 10 miles away from me. I called and confirmed that the car was still available; I could test drive it provided I arrived at the dealer within 30 minutes. I was out the door before the receiver went dead. (Read More…)
At what point are you willing to accept a low-ball offer for your old beater?
Is it when the tranny blows out? Or does it eventually come through the scourge of rust, and the constant breaking of electric doo-dads that no longer work all through your doo-dah-day?
Some folks simply get bored of their ride. While others just try to drive their cars until their bodies become the rolling representation of swiss cheese.
Everyone has a reason to curb a car. Thanks to the efforts of Nick Lariviere (<— Click the link!), and the cooperation of an automotive conglomerate with more money than some state governments, I now have 257,020 purely anecdotal examples of this type of personal decision making.
I now need to figure out one simple thing.
What does all this data tell me?