Kia Sorrento GT-Line HEV - Pre-Delivery Sale

Ldonmonster on 04/07/2023 - 10:21

Hi folks

Wanted to know if anyone had ever done something similar, and no doubt some will no agree with the intent but you can't please all of the folk all of the time. I ordered this in July 2022 and I am told it is finally on a boat for delivery in early August, it was due to be here at the start of June.

The thing was I ordered it to take advantage of the instant asset write off for companies which ended (well for the upper limits) on the 30-Jun-23. As a result I bought a different car so as not to miss out on this. I then got the call on Friday letting me know it was on its way.

Whilst I could just let it go I feel the fact that you have to wait 18+ months now for these makes having it worth something. List is about $78k and I see one on Carsales with 10,000k for $88k (there is only one so I have no idea of how to guage interest in it)

My question is has anyone ever bought a car and sold it right away? I am assuming you have to buy it first before you can sell it rather than sell your space to someone. Just interested in people's thoughts. Cheers

Automotive Car Kia SUV

Comments

  • Drakesy on 04/07/2023 - 10:28
    +8

    IMHO,
    If some sucker wants to pay $10k over RRP then let them, i'd have zero qualms in profiting off this.

    Mind you with the coming recession and used cars dropping anything is possible.

    • tightm8 on 04/07/2023 - 13:44
      +6

      Use car listings are starting to get back to pre pandemic levels, if there is anything to go bye my anecdotal experience, a lot of mates that used their Covid stimulus for luxury items etc are starting to regret it hard. Rather than paying off debt, they doubled down on it and spent it on crap like Jetskis and Mustangs/Hiluxes.

  • Stopback on 04/07/2023 - 11:14
    +3

    I would now go to used car lots ring them up and ask them what they would buy it for.

  • SBOB on 04/07/2023 - 11:53
    +1

    I am assuming you have to buy it first before you can sell it rather than sell your space to someone.

    I think trying to find someone to 'buy' your allocation would be wiser and less risk on you having to hold that asset.
    Should also be cheaper for the buyer not having to pay stamp duty.

    I'd expect joining one of the facebook groups you might find some interested person willing to pay a few k for your spot, but you'll also likely find plenty of negative (likely partially deserved) comments about such a request also :)

    • donmonster on 04/07/2023 - 12:34

      Yeah I suppose I have been buying and selling on eBay for about 24 years (or so they told me when I rang them the other day). I don't see it as any different from anybody selling a service that others are willing top pay for - but yeah in this life (especially the online one) you are always going to find folk with the opposite opinion, and sure life would be boring without that!

      • SBOB on 04/07/2023 - 13:36

        Yeah I suppose I have been buying and selling on eBay for about 24 years (or so they told me when I rang them the other day). I don't see it as any different from anybody selling a service that others are willing top pay for

        thats one aspect sure.
        But you aren't selling second hand goods. Not much different than someone selling concert tickets where demand outstrips supply.

        Either way, you either need to find someone to buy your spot at some $x and have the dealer agree to a no fee name change, or stump up the $ and you hold the asset risk and $ liability until you can find someone to pay $y, which would also not include stamp duty being a second hand sale

        If you can find someone to pay $10k for that, good luck.
        I think at the end of the day the second option is too much work, so finding someone to buy your allocation for a few $k might be a more obtainable and less risk goal.

      • Ozpit on 05/07/2023 - 10:40

        “… you are always going to find folk with the opposite opinion, and sure life would be boring without that!“
        I’ve often wondered what life would be like if everyone thought the same about everything. Somehow, I don’t think the homo sapien thing would work.

  • payless69 on 04/07/2023 - 12:02
    -2

    Went to the dealer and ask the salesman to pop the hoods of all Kia's I like. He was so dumb that he could not tell the difference from a ICE, Hybrid or EV.
    Looks like Tesla has no real competition.

    • andresampras on 04/07/2023 - 12:32
      +6

      Looks like Tesla has no real competition.

      That's a logic leap if I've ever seen one, based on one sales person with lack of knowledge.

    • Ryanek on 04/07/2023 - 12:33
      +2

      Kia EV9 is coming end of 2023. That will sell out instantly.

      • Drakesy on 04/07/2023 - 12:53
        +1

        Especially since we're only getting 1500 of them.

        Mind you if China comes out with a 7 seater EV for ~$50-$60k the demand for that will go through the roof and korea will likely need to drop the pricing

  • Brick Tamland on 04/07/2023 - 12:20
    +3

    Keep in mind that prices on Carsales can be crazy inflated and they will never sell for that price.

    I had a look at these Sorrento's online and the most expensive one is a demo for $81,690 in VIC. The funny things is that it's had 14 price revisions, that tells me it's been for sale for a long time. One for $88K will never sell.

    • donmonster on 04/07/2023 - 12:32

      Hi pal thanks for checking - yeah that is not the same car that is just the normal Sorento - not the Hybrid. There are a few PHEV (Plug-in Hybrids) but seems to only be one HEV which has 11,000k and is priced at $84k

      • Brick Tamland on 04/07/2023 - 12:48
        +4

        OK, that $84k one has been listed for sale since November 2022. I'll give you a hot tip, it aint selling for that price.

        Any well priced car will sell within a couple of weeks. A very popular car like the Sorrento should sell within days if priced to the market. A popular car to be sitting on the market for 8 months is crazy town.

  • hothed on 04/07/2023 - 12:21
    -1

    Your two options are;

    Cancel your order or take delivery.

    Choose one.

    • donmonster on 04/07/2023 - 12:33

      Thanks for boiling that down for me

  • Tambani on 04/07/2023 - 13:08
    +1

    With the purchase and then sales costs, and the amount of hours you'd be spending doing it all, you're not likely to make much money.

    Get your hourly work rate and multiply it x100. If you think you can realistically make substantially more than that from the trade then do it. Doesn't balance out for me.

  • pharkurnell on 04/07/2023 - 13:23
    +4

    Do you want to go through all that bullshit and dealing with idiots and low ballers

    • donmonster on 04/07/2023 - 16:31

      Haha this is a very real concern ;-)

  • lachhelix on 04/07/2023 - 13:48
    +1

    If it was me, I'd look at it this way - if you aren't able to sell it for the price you paid are you happy to take a loss?
    Additionally are you okay tying your assets up in a (depreciating) vehicle?

    If not, I'd see if you can find a buyer before you get the car that way you're negating a lot of your risk!

  • GourmetFoodie on 04/07/2023 - 13:56

    Someone did this with a rav4. I was convinced they’d make a loss but they made about $10k. A sucker born every minute I guess…
    So go for it if you think you can.

  • Euphemistic on 04/07/2023 - 14:03
    +1

    Take delivery then sell. Easy $5k at least.

    • donmonster on 04/07/2023 - 16:40

      Exactly what I am thinking - I feel there is absolutely zero chance of making a loss on it.

      • pharkurnell on 04/07/2023 - 18:02

        List is about $78k and I see one on Carsales with 10,000k for $88k

        listing and selling are light years apart theres a bloke trying to sell a cruiser been in air bubble for years for 60k over new price. but it does only have 12klms on it LOL

        https://www.carexpert.com.au/car-news/king-off-the-road-bubb…

        • donmonster on 04/07/2023 - 18:53

          That is crazy - have heard mad things about those and Land Rovers. Makes me think can I get it from the dealer unregistered so as not to have a previous owner

      • Euphemistic on 04/07/2023 - 19:55
        +3

        Or I could be trolling you and kinda hoping you get stuck with a car you can’t sell.

        FWIW I think trying to sell a car for more than a dealer sold it to you is a complete rort and relies on people too stupid to realise they are paying more for a majorly depreciating asset.

        I wouldn’t do it, but don’t let that stop you from trying

        • Brick Tamland on 05/07/2023 - 08:19
          +1

          This quirk in the market where you can re-sell for a profit was caused by COVID shocks to supply and shortage of processors and I'd say this door is closing on this chapter now. There are still some high demand cars with short supply but I think there is less people out there willing to drop silly money. 12 months ago I'd say go for it but now its 50/50 whether you make money or lose money.

          • Euphemistic on 05/07/2023 - 10:44
            +1

            @Brick Tamland:

            its 50/50 whether you make money or lose money.

            Which is why I encourage greedy people to go ahead and try and do it. Hopefully it backfires.

  • randomusername2017 on 04/07/2023 - 18:18

    @nomster

    • nomster on 05/07/2023 - 08:01

      Haha yes… this sounds familiar. 🤔.

      @donmonster I did this last month with a RAV4.
      Check my post history see if you’ve got any questions.

      There’s definitely an easy way to offload the car (within 2 days) with reduced profit. If you’re not keen to entertain private sellers and negotiators.

      • donmonster on 05/07/2023 - 08:28

        Thanks for that a fascinating read…but jesus some of the comments. I mean do people expect us to live and survive in a world where nothing is charged at over what it costs? As I said each entitled to their own views. I am going to go ahead and will let you know how I go. Appreciate all the responses and some great tips on selling etc. Cheers.

  • cloudy on 04/07/2023 - 23:22

    Not sure if this applies, but I read you need to provide a road worth certificate if you’re selling a second hand car.

    Not sure if it applies given your car is new…but still technically second hand

    • donmonster on 05/07/2023 - 08:28

      It would already have been registered…and as such is roadworthy…

      • cloudy on 05/07/2023 - 09:17

        So I’ve been looking at buying second hand car, and if you buy privately, you must have a road worth certificate with purchase to complete transfer.

        Being registered doesn’t mean it comes with the RW certificate AFAIA

  • donmonster on 05/07/2023 - 09:43

    Hi Cloudy I suppose what I meant to say (but reading clearly didn't!) was that if a car has rego (which this will as brand new) it has already passed all necessary roadworthy tests

    • Brick Tamland on 05/07/2023 - 11:37
      +1

      You will still need to get a RWC if you want to transfer ownership. It should pass being brand new but it’s still something that will cost at least $200 and probably take a few weeks to book in.

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