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Farmall & IHC Tractors Discussion Board

Re: Looks like Marty made money on '42 M


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Posted by Wardner on December 27, 2011 at 20:04:45 from (4.154.239.238):

In Reply to: Re: Looks like Marty made money on '42 M posted by sflem849 on December 27, 2011 at 18:38:47:

sflem,

The shipping at $844 means nothing. Can't be used in his gross profit calculation. He either wins or loses some unknowable amount. The shipping he "calculates" and charges the winning bidder is offset by UPS fees, packaging materials, and a considerable amount of labor. It's my opinion that he loses on those charges when taken as a whole. And he does discount well on combined shipping of two or more items.

When using your figure of $400 or any number, there has been no accounting for all the other labor, eBay fees, rent value, trucking and equipment expense, utilities, workman's comp and other insurance, FICA, and on and on. He is certainly not a one-man operation. I assume he has three to six people on the payroll or hires them as sub-contractors. If they are sub-contractors, he better not get caught. Michigan will squash him like a grape on the floor of the produce section. The state compliance officers know slime when they see it.

As for tires, he sold the rear pair with rims for $78. One front for $26.64 and the other for $38.55.

As for scrap, he probably is getting a good price as he is located near Lake Huron. I can do better being located 20 miles from the Atlantic Ocean. I can't quote you because I haven't scrapped anything since I got a high of $380 per long ton on "heavy melting" several years ago.


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