zzdcar
Home
/
Reviews
/
Buying
/
If You're Going To Try To Flip A Car, Maybe Don't Try A Chrysler
If You're Going To Try To Flip A Car, Maybe Don't Try A Chrysler-October 2024
2024-02-19 EST 22:09:15

Image for article titled If You're Going To Try To Flip A Car, Maybe Don't Try A Chrysler

Flippers were a scourge of the auto market during the thick of the pandemic. Many were people with more money than a care in the world buying up in-demand and then flipping them for profit to buyers who had more money than sense. Fortunately for the rest of us, the market has cooled off in large part, enough so that a lot of these cars either aren’t selling, or they’re selling for way less than expected. In yet of this, someone tried flipping a Chrysler 300C, and failed.

If you’re unfamiliar with just why someone would be trying to auction off a Chrysler 300, hear me out. This isn’t just any 300. As a last hurrah before production ended, Chrysler from the Dodge Scat Pack models and threw it into the 300. They’ve essentially recreated the 300 SRT-8, a model that went away in 2015. Chrysler dubbed this new performance 300 the 300C. Only 2,000 were made and all of them were snapped up within 12 hours of the preorder site going live. One of those 2,000 was posted on

The description of the 300 shows that it’s essentially a brand-new car with just 90 miles on the clock. The is equally clean. It’s almost as if the person bought it from the dealer and drove it home. The shows an MSRP of $56,595 though it’s doubtful that’s what was paid at the dealer.

I purposely kept track of this auction as it was a slow crawl. The auction was up for five days and only within the last 20 hours did the bidding finally reach $30,000. Suffice to say that whoever this seller is likely lost money. The auction ended on August 15 with 18 bids and a final bid of $47,350. That’s nearly $10,000 less than the original MSRP and nowhere near the reserve; whatever that was it wasn’t met. To make matters more interesting, the buyer financed this car, so the loan would have had to be paid off before the keys were handed over.

Image for article titled If You're Going To Try To Flip A Car, Maybe Don't Try A Chrysler

The seller doesn’t seem to be too concerned over it not selling. Someone asked why they were getting rid of the car after having driven it just 90 miles. “Nothing in particular. I see it as a win-win. If it doesn’t sell I keep a rare nice car,” . Even though the auction ended, they’re going to contact the high bidder and see if they can work out a deal between the seller and the bidder.

Whatever ends up happening with this 300, it’s still another reminder of the realities of the market. Few people want to pay big bucks for a Chrysler, even one that is one of 2,000.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Buying
At $18,500, Would You Lean Toward Buying This 2022 Ford Mustang?
At $18,500, Would You Lean Toward Buying This 2022 Ford Mustang?
Today’s Mustang is being sold by a towing yard, which means it’s probably a lien sale. Let’s see if this clean title convertible is priced to put a new buyer on the hook. The general consensus on last Friday’s was that it would be the perfect car for someone...
Oct 22, 2024
At $950, Would You Go All-In On This 1984 Plymouth Colt GTS Turbo Project?
At $950, Would You Go All-In On This 1984 Plymouth Colt GTS Turbo Project?
One of the calling cards of today’s Plymouth Colt is its “Twin Stick” overdrive gear change, which gives the car eight speeds going forward and two in reverse. Let’s see if this project car has anything else to offer. Just as Goldilocks discovered when appropriating Papa Bear’s lifestyle and...
Oct 22, 2024
Which One Of You Suckers Is Going To Pay Over $32,000 For A 25-Year-Old Toyota 4Runner
Which One Of You Suckers Is Going To Pay Over $32,000 For A 25-Year-Old Toyota 4Runner
The (and Tacoma) have a death grip on used values. It’s been this way for years. Go ahead, go try and buy any TRD trim that’s a couple of years old; it’ll cost you as much as a new one — not that you could buy a new one...
Oct 22, 2024
Someone Willingly Paid $16,000 For A Maserati Ghibli On Cars & Bids. Don’t Make The Same Mistake
Someone Willingly Paid $16,000 For A Maserati Ghibli On Cars & Bids. Don’t Make The Same Mistake
Let’s cut right to the chase: buying a is not a good idea unless you have deep enough pockets for the upkeep. For those not in the know, they’re sirens. They draw you in with their premium Italian image and sweet songs of and then go in for the...
Oct 22, 2024
At $8,600, Would You Go Topless In This 1994 Cadillac Eldorado?
At $8,600, Would You Go Topless In This 1994 Cadillac Eldorado?
The seller of today’s Caddy claims they should be selling it at auction but says who’s got time for that? Let’s see if we have the time for this custom convertible at its non-auction price. Many of you agreed that the $950 asked for yesterday’s was “chump change.” Even...
Oct 22, 2024
At $5,900, Is This 1984 Nissan 720 4X4 A Solid Deal?
At $5,900, Is This 1984 Nissan 720 4X4 A Solid Deal?
According to its seller, today’s Nissan 4X4 shows “pride of ownership.” Let’s see if it would take swallowing one’s pride to pay its asking price. Opinions were split on how well the design of yesterday’s has held up over the years. Some of you commented that the design still...
Oct 22, 2024
Copyright 2023-2024 - www.zzdcar.com All Rights Reserved