Originally Posted by Digetydog
There is one exception to that rule: If you are a current PSL owner and you finance your current/future seats, the transaction costs of buying/selling seats + the need to pay full price may make an "upgrade" a smart decision. Especially if you can "upgrade" in to premium seats in the section you want to end up in.
Let's say I bought 2 x $5K (FV) seats and currently owe $2.5K each.
Let's say I want to upgrade to 2 x $10k (FV) seats.
Step 1: Sell current seats at a loss - use funds to pay off balance of loan;
Step 2: Buy new seats at 2 x $5k = $10K check
Step 3: Pay transaction costs on both deals.
Result: Paid $10K for the new seats + $2.5K for the old seats (the loss) + transaction costs = $12,500 + transaction costs
- But, you have to take the seats that are available on the open market.
Step 1: Agree to pay $2 x $10K for the new seats that you really want (Low Row/Aisle/whatever you want);
Step 2: The Jets credit your new seats with $2,500
Result: You paid $20K for the seats you really wanted. Lets say you get Aisle seats closer to the higher priced sections.
The key is to make sure that you get the "GREAT" seats within a given section. Don't do it to sit in the middle of a row in a high row close to the cheaper sections.
That's what I was thinking...I'm only 10% in on 8k of the PSL's( 2 x 4k that I bought last summer) so If I sell at a loss and include the transaction fees, I'm just chasing my money away...thinking of the move but am not sure that the view is worth 7k more? Looked at the seats while at the stadium but hard to tell without sitting for the game...I do like that my seats only have 2 rows of people between me and the action...again, it's whether the move is worth the money, not whether the psl's are worth it.