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Car flipping squeeze.

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07-17-2019 , 09:45 PM

Jonny El

adept

Join Date: Jun 2010 Posts: 810

Was told by a co-worker that another was buying a new car and trading in his old one for under market (which people have been telling him for months). Trade in was already approved and new car was signed for with deposit getting within a few days to a week.

I decided to offer him another $500 on top to resell it.(which I said) and he agreed to ask the dealership if it was ok and was happy to. Dealership says no problem. We agree he keeps it until he gets new car and he let's me know when he needs the money, no problem.

A few days later an ex coworker who had previously expressed interest offers him another 1k on top of our offer.

What's my play?

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07-17-2019 , 09:54 PM

DarkOne

veteran

Join Date: May 2010 Posts: 2,494

So the dealer offered to buy a car for a certain price and the seller agreed, and then you offered more and the seller decided to sell to you instead. Now somebody else is offering more and the seller once again wants to sell to the person who is offering more money?

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07-17-2019 , 10:00 PM

Tom Ames

Carpal \'Tunnel

Join Date: Oct 2005 Posts: 45,786

This doesn't really sound like it's the business for you.

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07-17-2019 , 10:14 PM

pokerjo21

grinder

Join Date: Apr 2018 Posts: 455

Walk away - unlikely there is any profit left.

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07-17-2019 , 10:40 PM

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,535

$1001.

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07-17-2019 , 10:53 PM

txdome

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 17,928

$1001.01

Just let the guy sell to the higher bidder without any hard feelings. What type of whip are we talking about?

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07-17-2019 , 11:26 PM

All-inMcLovin

Wholesome Mod

Join Date: Oct 2007 Posts: 49,579

Yeah, I would offer him a dollar more than the other guy while saying outloud "Vroom Vroom Party Starter!"

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07-18-2019 , 12:09 AM

Tom Ames

Carpal \'Tunnel

Join Date: Oct 2005 Posts: 45,786

Quote:

Originally Posted by 27offsuit

$1001.

You've been watching far too much "The Price Is Right," you slacker.

Edit: I see you are not alone.

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07-18-2019 , 09:25 AM

Sir Huntington

banned

Join Date: May 2009 Posts: 2,354

Find another deal to capitalize on, this one has soured.

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07-19-2019 , 04:41 PM

#10

marknfw

Gaming Commissioner

Join Date: May 2010 Posts: 13,095

I don't think there's ever been a clearer case of put a tomato on his pillow (the coworker, the overbidder, or both).

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07-19-2019 , 09:01 PM

#11

lol_at_you

grinder

Join Date: Nov 2013 Posts: 554

sweater vest in a pumpkin

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07-19-2019 , 10:44 PM

#12

e1cnr

veteran

Join Date: Jul 2011 Posts: 2,008

ask him for $500 to release him from his commitment to sell to you, when he gets the money from the other guy

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07-20-2019 , 09:25 AM

#13

Jonny El

adept

Join Date: Jun 2010 Posts: 810

Thanks guys. I've realized I'm being pretty selfish to push the issue even though I could enforce the contract pretty easily via small claims.

Nothing actually has happened as I haven't seen him or made an attempt at contact as it will all go down early next week.

I actually went halves with another subordinate of mine and was more excited on the team building aspect of us cleaning it up and reselling rather than the monetary pay off would have only have been around 2-3 grand each.

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