Pelican Parts
Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help



Go Back   Pelican Parts Forums > Porsche Classified Ads > Porsche Marketplace Discussion


Reply
 
LinkBack Thread Tools Rating: Thread Rating: 2 votes, 3.00 average.
Author
Thread Post New Thread    Reply
Registered User
 
Join Date: Oct 2015
Location: Charleston, SC
Posts: 533
Garage
Former Pelican car on BAT

https://bringatrailer.com/listing/1986-porsche-911-carrera-12/

1986 Porsche car is now being resold on BAT---Nice car, great color -was sold on Pelican in July 2017



1986 Porsche 911 Carrera - very good condition
__________________
Gordon

1967 912 Coupe
1985 911 Carrera
1967 MGB GT
Old 08-26-2018, 08:58 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)
Registered User
 
Join Date: Jul 2011
Location: Sunny, Carefree AZ
Posts: 585
Buying and selling on Pelikan is Carefree, LOL.

Now BAT If you win an auction we charge 5% of the final bid price on top of the winning bid, with a minimum fee of $250 up to $5,000 (5% of a $100,000 bid). The fee for sales higher than $100,000 is capped at $5,000 and for sellers; The listing process is fast and affordable: sellers pay only $99 to list their vehicle, and it usually takes two weeks from a thorough submission to your live auction beginning.

+Selling on BAT you deal with the peanut gallery, if you have the stomach go for it. However its entertaining to follow though, it's just not for me.
Old 08-27-2018, 01:59 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #2 (permalink)
Former Options Trader !!!
 
Join Date: Feb 2003
Location: Philadelphia
Posts: 5,636
I have sold quite a few cars on BaT and I like the format. My guess is this one will be sold for a profit.
__________________
Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster

Last edited by trader220; 08-27-2018 at 10:38 AM..
Old 08-27-2018, 09:56 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #3 (permalink)
gearhead
 
Join Date: Nov 2007
Location: Loverland, CO
Posts: 14,964
Is selling the car a year later really a flip?
__________________
1974 911 Restorod
1974 914 Bumble Bee
1975 911S Tom's Targa
2008 Cayman S Mule
Old 08-27-2018, 10:29 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #4 (permalink)
Registered User
 
Join Date: May 2015
Location: a town south of fresno
Posts: 566
^ this.

iíve often thought it would be fun to buy good cars at reasonable prices, fix/enjoy them, put 5k miles on them and sell for a slight profit after a year or so. great way to enjoy a lot of different cars for a disciplined and discerning buyer who can turn a wrench...
Old 08-27-2018, 10:41 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #5 (permalink)
Registered User
 
Join Date: Oct 2016
Posts: 1,877
Quote:
Originally Posted by Matt Monson View Post
Is selling the car a year later really a flip?
No it's not a flip. It's a money loser - even if all you had to do was the basics to get it safe. Heck, if I had the money I'd buy a ton of stuff every week and see what I liked and then sell it off if I didn't.
Old 08-27-2018, 12:57 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #6 (permalink)
 
Registered User
 
Join Date: May 2014
Location: SF Bay Area
Posts: 3,091
Garage
Quote:
Originally Posted by Matt Monson View Post
Is selling the car a year later really a flip?
Only if you're trying to make a profit out of it ...
__________________
I can't afford that.
Old 08-27-2018, 01:33 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #7 (permalink)
Registered User
 
Join Date: Dec 2005
Posts: 978
Quote:
Originally Posted by Matt Monson View Post
Is selling the car a year later really a flip?
Profit or not, the answer to that is no. If the IRS views long term capital gains on anything held a year or longer, than I donít know how one could infer that holding a car considered long term by the IRS, to also be a flip, which is considered an immediate turn of the car without sitting on it at all.

Flip is like a hot potato, you donít want to hold onto it long at all. As soon as it gets in your hands, you try to immediately get it out of your hands - profit or not. This would be either a very short period of time, or all the way up to one year. If you bought and sold a car for a profit and youíre paying long term capital gains taxes on it, news alert, that not a flip. Not by any standards.
Old 08-27-2018, 02:17 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #8 (permalink)
Former Options Trader !!!
 
Join Date: Feb 2003
Location: Philadelphia
Posts: 5,636
I really see the "flippers" as the curb stoners, the guys who dont title the car in their name and sell it on an open title.

I don't see this as a"flip" in that sense.
__________________
Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
Old 08-27-2018, 02:44 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #9 (permalink)
Registered User
 
Join Date: Apr 2013
Location: Hudson Valley
Posts: 2,695
Garage
Quote:
Originally Posted by trader220 View Post
I really see the "flippers" as the curb stoners, the guys who dont title the car in their name and sell it on an open title.

I don't see this as a"flip" in that sense.
I'm not even sure this definition fits, either.

You buy the car to sell at a profit as quickly as possible. That's a flip, registered or not. Dealers are exempt. It's expected of them.
__________________
1978 SC Coupe, Gris Argent Metallic Silver-not selling
1974 2002 Tii Polaris Silver, making progress
1972 911T-make an offer
(I don't list the cars I've sold, because they're gone)
Old 08-28-2018, 05:56 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #10 (permalink)
Registered User
 
Join Date: Oct 2015
Location: Charleston, SC
Posts: 533
Garage
A guy buys a car, enjoys it for a year....He decides to sell it, end of story...if he was able to recoup some money he put in, good for him....I just posted this not as a "car flipper issue" or "dam be the flippers", but it was a car that I was seriously interested in on Pelican and was going to drive up to see the car when this person bought the car before I traveled that week....I have since bought a 1985 in the same color
__________________
Gordon

1967 912 Coupe
1985 911 Carrera
1967 MGB GT
Old 08-28-2018, 06:09 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #11 (permalink)
gearhead
 
Join Date: Nov 2007
Location: Loverland, CO
Posts: 14,964
Quote:
Originally Posted by trader220 View Post
I really see the "flippers" as the curb stoners, the guys who dont title the car in their name and sell it on an open title.

I don't see this as a"flip" in that sense.
Yes. There's really two different things here though. There is a flipper, as you accurately describe the person.

Then there is the act of flipping. Anyone who finds a good deal might flip a car. One flip does not a flipper make. Making a habit or vocation of it makes one a flipper. And then there are the curbstone flippers, the worst of the worst. Guys like nasty Nick who don't pay their taxes and sell cars on open titles.

I kid Nick. I kid...
Old 08-28-2018, 07:19 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #12 (permalink)
Reply

Thread Tools
Rate This Thread
Rate This Thread:

 


All times are GMT -8. The time now is 04:24 AM.


 
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page
 

DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.