- Member ID
- #1246
- Messages
- 1,723
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- 212
- City
- Open Space
- State
- CO
- Country
- United States
- Vehicle
- 2018 Demon; 2006 Viper (Arrow)
So much for White Trash and his 5 ZO6 he wants to flip!
As for the topic at hand...flipping...Unless these ppl are really cash flow poor (and/or not that smart financially), the 12 month freeze (or 2 years for the GT) is a joke. Most can figure this out in their sleep. You beg steal or borrow so u can finance a GT for 500K (600K tops), and flip it for 1.5-2M 24 months later. Do you really think sitting on it for 2 years is something most sane ppl would "pass" on? It's a 200% (1M net) win at a minimum. A sure fire 100% annualized gain. Not exactly chump change either.
Duh Ford (and now GM), your silly ban is 'stopping' no one. All Ford did was hand-pick existing millionaires and made them even richer. Not gonna lie, I tried hard to get a GT, and, yep, I would have flipped it 2.01 yrs later. Despite mentioning that I had owned a 2006 Heritage Edition on their required "application", in the end, I was not quite rich or famous enough apparently, lol.
Ford should have run a PR lottery campaign with applicants that showed they could have financed one. MUCH better publicity for them vs hand-picking fake important cronies who ended up flipping in the end anyway...
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