Just found a guy in my area flipping Colorado dealer wheels on craigslist. Kind of makes me mad, people could be getting good deals but instead here is somebody buying them up and flipping them for a higher price. Something just irks me about it, people should make money for adding or creating value not for just cornering the market and inflating the price.
$550 seems on the high side. $400-$500 is pretty common from what I have tracked. The flippers in my area no doubt paid less than or near $400 but there is an artificial price floor right now due to the mass of flippers not wanting to take a loss. One flipper admitted he was holding on to them because he thinks demand will go up in the next few years as people start actually needing replacements. That's fine, it's his right to be a non-producing, non-value-adding parasite on the market. All I can do is hope one of these guys breaks and gets tired of sitting on them or find a dealer that is currently trading for core value and convince them to sell to me instead.Entire wheels, monitors and rims if bought new would cost between $1500-2000. (center caps alone are $26 each)
Most of the take offs that have been bought and sold here on the forums have gone for between $400-600.
So, to get a brand new set, complete for $550 is pretty much the going rate. Not sure if your dealer 'took them' or gave the original owner a break on some other add ons, but at the end of the day, that price seems just right here on the East coast.
PS....bought by take offs for $600 and sold my take offs for I believe $500, all here on the forums. :nerd:
That went off the rails quick. It annoys me a bit to see people dressing up a bit of hustle as if it's nation-building glorious capitalism at work.Isn't the free market economy a wonderful thing? People can put forth some effort to gain knowledge, time to make the contacts, then put forth some speculative capital, and hopefully, if they were right, they might even be able to make some money selling the stuff for a profit! I think griping about them actually making money is a socialist little snowflake thing to do. If you don't like what they are doing, beat them at their own game,
offer the dealer more than the other guys so you can get the takeoffs (that free market thingie)
Then sell them at what you think is a reasonable profit to cover your time, effort and costs.
And wahla, you are now a capitalist pig!!!!! Then you might find other ways of making money. Might even have to employ people, then you can get a taste of the real costs of owning a business........
I just found ANOTHER flipper today in my area at $500, I need to figure out their source and figure out what the secret handshake is. Do I need to just be blunt with the dealers, "I'll give you $300 and $100 cash?"Yup. I agree. $500 to $600 for Z71 (Dark Argent Gray Accent wheels) and the stock Wrangler Adventurer Kevlar Tires is about average. I have seen some real steal as low as $100 per wheel/tire combo, but that was without delivery.
Then, if you can get $200 to $400 for your original stock tire/wheels it is a fair trade.
That's about what I did and am satisfied with it.
Randy, Thanks for bringing this up. I'm in the Chicago area as well and look around from time to time knowing I'll be needing a new set eventually. Haven't ever come across anything decent and am with you in not supporting the flippers who are taking the tires you or I could be getting.Real revenge on these flippers would be to solve what I believe is the real problem, lack of knowledge of the existence of dealer take off wheels.
There are certain exceptions where flippers work to improve things, take on more risk than others would tolerate, or store items with low demand that wont sell until demands picks up where they aren't behaving parasitically. But in cases where they are taking advantage of information asymmetry (buyer or seller doesn't know what an item is worth or where else to get it), cornering the market, effectively stealing from their supplier's employer by taking cash under the table, etc. all they are doing is adding inefficiency to the system and it's a net loss to society, the economy, etc.Lots of deals on everything to be had until flipper gets a hold of it. I hate flipper.