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FS:: Mint looking but very expensive GP1

 
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  #1  
Old 02-13-2020 | 08:26 PM
Colton Ratcliffe's Avatar
Colton Ratcliffe
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Mint looking but very expensive GP1

Came across this very low mileage and clean GP1
https://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?zip=7 7315&showNegotiable=true&sourceContext=emailLink_f alse_0&distance=50000&endYear=2007&entitySelecting Helper.selectedEntity=d436&startYear=2002#listing= 258327671
 
  #2  
Old 02-13-2020 | 09:03 PM
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mountainhorse
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From: Cali
I'd probably try to max my profits if I was flipping a car like this too.

Yea... Pricey... not that low miles for the price... but someone will probably pay it....

Actually, This was sold last October on BringaTrailer
https://bringatrailer.com/listing/2006-mini-gp-22/

There have been three on Bring A trailer that sold for north of $30,000 recently. Probably the reason that the dealer is asking that price.
Not long before it pops back up on BAT, IMO.

Knee-Jerk reaction says 'greed' on 'flip' deals like this, but I'd try to maximize my profits too in the same shoes.

Still less than purchase price... still less than a new loaded Hyundai !!


Two at $36K, one at $35k
https://bringatrailer.com/listing/2006-mini-gp-20/
https://bringatrailer.com/listing/2006-mini-gp-5/
https://bringatrailer.com/listing/2006-mini-gp-16/



CLICKABLE LINK for the car the OP is talking about.

https://www.cargurus.com/Cars/invent...ting=258327671






.
 

Last edited by mountainhorse; 02-13-2020 at 10:24 PM.
  #3  
Old 02-13-2020 | 09:56 PM
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From: Atlanta, GA
It has been listed by them for a long time as I think the dealer really likes using it for marketing.
 
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  #4  
Old 02-14-2020 | 03:52 AM
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From: Phillyburbia
This dealership (and their sister store Prestige) have been buying and flipping GPs for a while. Eventually they will let it go for a more reasonable price after sitting on the showroom floor a long time.
 
  #5  
Old 02-14-2020 | 09:01 AM
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From: Marietta, SC
They’ve had it for months. They’ve lowered the price and then actually raised it back up not that long ago. I’ve made a good offer but they won’t budge on the price. It has low miles but they aren’t low enough for that price. Plus it’s had 4 owners.
 

Last edited by krawzdogg; 02-14-2020 at 09:15 AM.
  #6  
Old 02-14-2020 | 11:06 AM
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From: Cali
Sincere question.... After the first 'original' owner... why would the number of owners factor in for you?



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  #7  
Old 02-14-2020 | 01:26 PM
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From: Marietta, SC
A car with more owners most likely wasn’t taken care of as well. The maintenance records are usually incomplete too. That GP is also a northern car. It most likely wasn’t driven in the winters but I would definitely put it on a lift and look underneath before purchasing.
 
  #8  
Old 02-15-2020 | 01:54 PM
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From: Cali
I wonder if the dealer is Flipping the car (are they 'cooper65' on BAT) ... or if the buyer has it on consignment with the dealer.

It only has 56 miles on it since sold on BAT







 
  #9  
Old 02-15-2020 | 02:00 PM
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From: Marietta, SC
That’s a good question. I made them an offer of $28k, plus the ridiculous stupid dealer fees. They weren’t interested. That’s basically what it sold for on BAT plus buyer fee.
 
  #10  
Old 02-16-2020 | 06:48 PM
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From: Phillyburbia
Originally Posted by krawzdogg
That’s a good question. I made them an offer of $28k, plus the ridiculous stupid dealer fees. They weren’t interested. That’s basically what it sold for on BAT plus buyer fee.
Dont forget they had to pay to have it shipped, then every dealer will add $500 just to take it through the shop. Their break even is likely closer to $30k. Factor in a sales commission and some profit and you can see why it’s priced this high.

Unfortunately it’s too high to sell. BaT already showed where the top of the market is at for this car. It’s going to sit on the showroom floor for at least half a year.

Maybe they’ll pick up a GP3 buyer in the Spring who will go for this one instead, will look like a bargain in comparison.
 
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