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| TITLE LOAN businesses; they're popping up everywhere | |
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| Tweet Topic Started: Feb 14 2013, 10:33 PM (1,338 Views) | |
| nerys | Feb 16 2013, 12:42 AM Post #16 |
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Grr
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or maybe people just can't pay. I had a new in box galaxy S3. worth $500 new SHOULD get $350 pretty easily used. its a "fair" price for the phone. I lost count of how many people wanted to pay significantly less. I mean a LOT less. one guy said I can offer $185. I replied. I bet you can. finally I ended up taking a partial trade. army academy student $125 and a galaxy tab 2 10.1 which is something I want and if I don't like it I can easily get $225-$250 for it so I would still end up with my $350. but man that took 2.5 months !! trying to sell another one I got that I cloned to boost mobile. EASILY worth $420 minimum. had it up for $400. in normal conditions this would be snapped up in a weekend. everyone around here is so dead poor they are offering me $250 for it. I asked the one guy. I said you realized this is a galaxy S3 right. not an S2 and the S2 you can't TOUCH for less than $279 on boost. even if you clone a sprint S2 its $180 for a used sprint S2 and $100 to pay someone to clone it. he said its all he could afford. I of course can not take such a low amount for it (thankfully I am not desperate) but man. NO ONE has any money around here. its literally the hottest phone on the market right now. even GAZELLE which usually pays good will only give $174 and thats for MINT in the box. maybe its better where you are but around here its rough. really rough. no one has ANY money. I had to seriously wheel and deal to sell my Thing to get the tracker and the only reason I made a deal is the guy with the tracker was desperate enough to come down on his price so I could afford to let the thing go cheaper since I was ok with a tracker TRADE so long as I got my tracker what it sold for did not matter. its a $3500 car AS IT SITS bad tranny and all. he got it for $1800 only because I could get my tracker for $1800. pop is trying to sell his 35% RUNNING DRIVING RV (interior is beat to hell water damage) as a rolling chassis its worth $900 and its got working air good furniture and working generator and can drive. people are beating him up at $900 on it. its amazing how little money people have right now. I WISH I HAD SOME CASH cause there are some SICK deals on diesels and pickups around here because no one has any cash so they are sitting UNSOLD. found a VW Rabbit for $1700 just needs an injector pump and has AC. WOW $1700 is unheard of. another one that RUNS with AC for $2500 again INSANE price for that car (this time last year they were $4000 and up) man makes me wish I had some cash. |
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| Horn | Feb 16 2013, 12:46 AM Post #17 |
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Nerys, dont get me wrong. I'm not gonna say you are gonna get offered a fair price.....but you will still get offered a price. |
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| Horn | Feb 16 2013, 12:47 AM Post #18 |
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Right now in my area, used older cars are expensive......reasonable, every day cars |
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| nerys | Feb 16 2013, 12:57 AM Post #19 |
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Grr
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and they are not selling are they. same here. common every day cars prices are up and the cars SIT unsold. I see listings for MONTHS for cars and then the prices creep down if its desperation OR they just go away (they stop selling unwilling or unable to take less) no one has any money. its scary as crap. jan-march are bad months for us business wise but its particularly bad this year. we are starting to grow concerned that the "bad times" might extend past march. really concerned. then every now and then business spurts better. not enough to compensate for the lows but its odd. very odd and very scary. I already work essentially for free around $500 a month plus gas (just enough to pay my bills) barely. do what we have to do to get buy and keep the house over our heads and food on the table but its freaking scary man. its like as a nation the people realize "something is wrong" they don't know what it is but they know "something" is not right and they are all pulling back. holding onto what they got waiting to see what happens. |
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| Horn | Feb 16 2013, 01:04 AM Post #20 |
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I actually see the used over priced cars sell because people can't afford a new car. In 2006/2007 I was getting great deals on used cars. Now they are going for quite a bit more. I know if I had a 4cyl basic car, I could get more now for it than in 2006 (ignoring gas prices) just because people have less to spend and can't get the loans for newer cars. |
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| Horn | Feb 16 2013, 01:05 AM Post #21 |
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The things that I have seen significantly drop in price/ not sell are the "toys" Dirtbikes, 4 wheelers, performance cars.....you know the stuff people waste money on when they have it |
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| nerys | Feb 16 2013, 01:30 AM Post #22 |
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Grr
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true that. I am going crazy because there is a fully titled and working jetski with trailer also titled for $500. OH MAN I want it SO freaking badly. if I sell the jeep I just might buy it. the toys are going dirt cheap alas its because no one has any money. I guess regarding cars its just the cars "I" am looking at. :-) |
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| marxtoys | Feb 16 2013, 01:03 PM Post #23 |
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stuck in a dent
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Game nothing. You borrow $3000 on a $100 car and circular-file the bills. They eventually take the car and scrap it for $200 toward your account. You still owe $5800 + interest. Have a nice day! |
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| Horn | Feb 16 2013, 04:27 PM Post #24 |
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Marx, in nerys example.....if i am right.....is that you dont care because you are so broke. |
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| Cobb | Feb 16 2013, 07:18 PM Post #25 |
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BANNED
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As a former banker Ive seen too many people f-ed in the a$$ by payday and title loan company. You should wear it like a badge that you own your car. At leasst you can sleep in it in the rear of walmart parking lot without worry of it being repoed. ![]() If you go to a small or larger bank, many will loan you a few grand and use your free and clear car title as clatterial(SP?). I was able to get a loan for 7 grand putting up my suzuki title.
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| nerys | Feb 17 2013, 01:13 AM Post #26 |
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Grr
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exactly and if you live in a non garnishment state there is pretty much nothing they can do about it. do I advocate this? of course not but I could see people doing it if they get sloppy. |
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9:21 AM Jul 11