Advice...

Discussion in 'iPhone' started by genova35, Sep 14, 2014.

  1. genova35 macrumors member

    Joined:
    Jun 25, 2007
    #1
    For kicks, I posted an ad on Craigslist to sell my Plus 64GB Space Gray when it comes on Friday. I have never done it before and I probably will not, but some guy just offered me $1200....I mean what?! I can wait a couple of weeks for another if it makes sense

    So, if I upgraded my phone for $399...and sell for $1200 then I would have to buy an another one with $800 left. I assume this would be full price not sure if that is breaking even or what. Has anyone done this before?

    Tips, advice or should I just forget it and enjoy my new phone.
     
  2. Ayr macrumors 6502

    Joined:
    Mar 8, 2014
  3. genova35 thread starter macrumors member

    Joined:
    Jun 25, 2007
    #3
    What are the risks? I guess I don't understand those...

    As for appetite, I can wait.
     
  4. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #4
    You probably paid 422.94 for your purchase. So 1200-422.94= 777.06.
    The phone out of pocket is 849+tax= 899.94. So actually you have 899.94-777.06= 122.88 cost to pay if you sell the phone. The problem is the phone is sold out until November so you're basically paying for your patience and sanity at this point. How much are you willing to wait and stay sane?

    I can't do it myself. I was about to go ballistic when I waited a month for the 5s. I want it now.
     
  5. Blorzoga macrumors 68030

    Blorzoga

    Joined:
    May 21, 2010
    #5
    Well, the phone you bought will be locked. Who would buy a locked phone for $1200?

    ----------

    You do realize that sales tax rates are different in each state, don't you?
     
  6. uchosen macrumors 6502

    Joined:
    Jun 21, 2010
    #6
    On Craigslist? Oh, I don't know. What could possibly go wrong?
     
  7. nostresshere macrumors 68030

    Joined:
    Dec 30, 2010
    #7
    You do know that if you only paid "$399" you are still over paying your monthly service, right?
     
  8. Ayr macrumors 6502

    Joined:
    Mar 8, 2014
    #8
    Risks include getting shafted on Craigslist.

    Appetite is a reference to appetite to take risk as in with trading stocks or whatever commodity.
     
  9. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #9
    You do realize I'm giving him a sample scenario and I'm not a mind reader where he lives right? And you do realize that if OP is smart, he would calculate tax calculation based on his location right?
     
  10. genova35 thread starter macrumors member

    Joined:
    Jun 25, 2007
    #10
    Ok...ok...ok...

    I am keeping my phone. Yeah...seems too crazy and not worth the stress.

    Thank you all!
     
  11. OneMike macrumors 603

    OneMike

    Joined:
    Oct 19, 2005
    #11
    I've sold on Craigslist for about a decade and never had an issue. Sure it can happen, but common sense helps minimize these risks.
     
  12. leenak macrumors 68020

    Joined:
    Mar 10, 2011
    #12

    actually isn't that losing money since a $399 phone would cost $850 full price?
     
  13. Jazper macrumors 6502a

    Joined:
    Jun 16, 2012
    #13
    Just the potential of death, or worse being mugged of your new iPhone.
     
  14. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #14
    But he's getting paid 1200. All in all it will cost him 122.88 to buy the phone out of pocket... Versus 399+ tax. I think he would make a good deal. The problem is he needs to wait. He's saving 300.06 in the process tho.
     
  15. ron7624 Contributor

    ron7624

    Joined:
    Oct 14, 2011
    Location:
    Houston, Texas area
    #15
    Well, the purchaser could use a handgun instead of cash to pay for your device. that's one possibility :rolleyes:I don;t think he will leave the handgun either.
     
  16. leenak macrumors 68020

    Joined:
    Mar 10, 2011
    #16
    I get what you are saying but I guess it also depends on taxes. So he will pay $1250 + taxes - $1200 for a phone. I still wouldn't do it myself for reasons other people have said.
     
  17. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #17
    Why is he paying 1250 + taxes? The transaction would be 1200 - (399+ taxes)= 777.
     
  18. genova35 thread starter macrumors member

    Joined:
    Jun 25, 2007
    #18
    Yeah...I am out.

    Keeping and enjoying my Plus.

    Thanks again all...but it does go to show that someone is actually willing to pay $1200 for a phone. Yikes!
     
  19. leenak macrumors 68020

    Joined:
    Mar 10, 2011
    #19
    Because he'd still need a phone so he has to pay $850 + taxes for a new phone and already paid $399 + taxes.
     
  20. Phone Junky macrumors 6502

    Joined:
    Oct 29, 2011
    Location:
    Sunshine State
    #20
    $400 for the original and then $850 for the replacement. He's losing money.
     
  21. 617aircav Suspended

    Joined:
    Jul 2, 2012
    #21
    Op, fact that you are asking this question tells me you dont know what you are doing. CL risk can be reduced to a minimum with proper thinking and planning. Meet up in a very public place with people and cameras. Have a buddy with you and please verify the currency is not fake. In my opinion the buyer has the higher risk than the seller when done right. I will never meet a buyer at his place of choosing, he must come to me.
     
  22. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #22
    Wrong.

    he's paying 399+tax= 422.94 now (out of pocket). if he sells it he will make 1200-422.94 = 777.06. so let's go back to day 1. now he has 777.06 to spend towards the out of pocket new phone which is 849+tax = 899.94.

    ok now, 899.94 (cost of the out of pocket phone) - 777.06 (money from the sale) = 122.08 total cost for OP.

    so again, 422.94 (original out of pocket expense) - 122.08 (expense with CL sale) = 300.86 savings for OP.

    :cool:
     
  23. Phone Junky macrumors 6502

    Joined:
    Oct 29, 2011
    Location:
    Sunshine State
    #23
    You're wrong. He's spending an EXTRA $122 for the phone. If he spends $400 the first time and $850 the second time, he would have to sell the phone for $1250 to break even. (Taxes excluded) the only way to make money on this deal is if he DIDNT WANT the phone and was staying on contract anyway so didn't care if he used his subsidy.
     
  24. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #24
    so you're telling me that paying 122.06 is worse than paying 422.94 out of pocket from day one?

    WOW.. I can't believe I have to explain these to people. ECONOMICS people.
     
  25. Phone Junky macrumors 6502

    Joined:
    Oct 29, 2011
    Location:
    Sunshine State
    #25
    He's paying $122 ON TOP OF THE $422 HE ALREADY PAID.
     

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