Sold my '88 Formula today and prices are defintely on the rise (Page 1/2)
RayOtton AUG 27, 12:33 PM
Had to sell it because of a bad hip.

Put it on Marketplace, Craigslist and HERE for a couple of months with not a peep.

Finally bit the bullet and decided to try an auction.

First up, BAT turned me down which I found surprising. It's a very clean '88 Formula / auto with 60K miles.

So on to Ebay for a 7 day auction. Starting bid of $7K with an $8K reserve.

Ended up with three bidders and a winning bid of $8K.

I'm happy but I'm sad.
theogre AUG 27, 07:08 PM
watch out for scams.
Too Many of them to list here and easy get your car and nothing in the bank in the end.
Bogus Checks and money orders are still very common.

Why?
In super short...
Banks can say they "cleared" in hours to a few days and release fund because Required By Federal Banking Laws but they find out weeks or months later "the paper" is stolen or otherwise bogus and You Will be on the hook for that money.

Anyone telling you otherwise have no clue how banks and credit union really works or worse.

A big Example: If a "check" amount is > the winning amount even a little is a suspect scammer.

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Dr. Ian Malcolm: Yeah, but your scientists were so preoccupied with whether or not they could, they didn't stop to think if they should.
(Jurassic Park)

The Ogre's Fiero Cave

[This message has been edited by theogre (edited 08-27-2021).]

RayOtton AUG 28, 05:47 AM
Well, I'm sitting here with 80 $100 bills so I think I'm OK.

If nothing else, that's a fair amount of toilet paper for when the SHTF.
Fierochic88 AUG 29, 11:22 AM
Congrats (and condolences). Where did it end up going?
RayOtton AUG 30, 06:40 AM
Thanks.

Indeed I have mixed emotions over this sale. Really didn't want to part with it but getting out of the car was becoming an embarrassment.

I sold to car to a young guy out of Philly. Seems the word on Fieros is trickling down to the next generation.
Raydar AUG 30, 06:57 AM
Ray,
Sorry you had to let it go, but I'm happy that you got what you wanted out of it.
Don't be a stranger.
RayOtton AUG 30, 01:53 PM
Thanks for that.

Fortunately, there is an upside. The universe takes with one hand and gives with the other. My new toy, a '99 GT convertible with 70K miles ( I can get OUT of it without looking like a horse's ass) -

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Patrick AUG 30, 04:25 PM

quote
Originally posted by RayOtton:

My new toy, a '99 GT...



If not for the limping horse on the grill, I would never have known that car was a Mustang.

RayOtton AUG 31, 10:54 AM
Well, if you want to call 280 HP "limp' that is your right.

Then again, I have a limp so I guess it's appropriate that my car have one too.

Spoon SEP 06, 07:49 PM
I'm in Orge's corner on the bad checks. Even a bank cashiers check is no guarantee you've been honestly paid. As soon as the car title has been transferred all the buyer has to do is call the bank and mention 5 words or less and the cashiers check become null & void before the seller has a chance to get to the bank.

So, "Beware of Buyers bearing checks"

Spoon

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"Kilgore Trout once wrote a short story which was a dialogue between two pieces of yeast. They were discussing the possible purposes of life as they ate sugar and suffocated in their own excrement. Because of their limited intelligence, they never came close to guessing that they were making champagne." - Kurt Vonnegut