Actually, M35's would be going for between $4000 and $8000 (do these
numbers sound familiar?).
When did we start determining how much buyers should pay based on how much
the seller spent? If these vehicles are worth $40,000 then the seller
should get it. He placed the winning bid at a public auction. He took the
risk of buying a time bomb. If he asks too high a price then he should be
stuck with them. The price he paid for them has no relationship whatever
with what they are worth on the resale market. That is the nature of buying
surplus from the government.
If one hundred of these were sold at $10,000 apiece, the odds are great that
he will never get $40,000 for one.
I am particularly interested in the morality of cheating an unaware farmer
out of something and making a bundle reselling it. I gather that this is
OK, but buying at public auction from the government and reselling isn't?
Joe Garrett
cell 425-344-1402
-----Original Message-----
From: Military Vehicles Mailing List [mailto:mil-veh@mil-veh.org]On
Behalf Of islander
Sent: Friday, June 29, 2001 3:02 PM
To: Military Vehicles Mailing List
Subject: Re: [MV] Another SUSV owner looking for a "sucker"
Hello Jae,
>I'm intrigued. I am looking into whether or not an SUSV or civilian
>version is suitable for my area. (I live on Baffin Island). So, I
>have to wonder how you know how much the owner picked up his SUSV
>for, how you reach your valuation for $15000 (I looked online and
>all the SUSVs I found for sale were in the 30-40K range)?
Because this one was bought at a DRMO auction for around $10,000 in Juno
(I think it was Juno anyway) sometime late last year. This one is STILL
in Alaska and now the individual wants about four times what he paid for
it. I for one think this is robbery. A reasonable profit margin is to
be expected, but three fold? Not OK in my book. Call me old fashioned,
but I would *never* stick it to someone like this.
It would be one thing if he bought this off some unaware farmer (which is
a different issue!) and tried to turn around and sell it for the going
rate, but the couple hundred that were sold at the auction were all sold
for around the same price. This means the going rate should be around
$10,000 +
If you are seeing them for $30-$40k then there are more people trying to
screw us. The Army sold them cheap, therefore they should be resold
cheap. Bad news for our hobby if everybody that came away from DRMO
turned right around and offered what they bought for 4x what he paid for.
For example, M35s would be going for $20,000!
Steve
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This archive was generated by hypermail 2b29 : Thu Jul 05 2001 - 00:40:38 PDT