Selling my 2025 DH and the market is in the tank

[Alex381]

S O L D -
Yesterday for $65K outright sale to an Online Car Wholesaler / Auction house.

Unfortunately that was the highest bid I could get and I'm told that was pretty good under these dire circumstances. So we will sell the house and move - and then in March I will be ordering an SC to replace this.

So what did your losses work out to then?
I am looking to buy a new house this year as well, but my intention is to just pay off the GT if I am carrying too much debt to get approved. With current interest rates and the tax deduction on new car interest, I figured it was worth taking the loan instead of just buying my car outright.

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[JimiHendrix]

I did not have to sell to complete a house sale I am a well heeled credit applicant and my debt to income ratio is well within acceptable limits. This was and is about clearing debt to make the process fly better, and also I am ordering a DH SC in March and by the time the car comes in this would have depreciated even more so unloading NOW

 

[R3G]

In a “normal” sales market, you take 10-30% depreciation hit on a new vehicle purchase during the first year. After that it’s around 8-12% annually for around 5 years. The post covid sales rush was not normal. It’s simple supply and demand and right now there is more supply than demand, which means you will take a massive depreciation hit right up Main Street selling a car under 3 years. Ask yourself if it’s worth losing $12K to do it right now. But at the very least, you paid the depreciation so the 2nd owner doesn’t have to and now some fella is gonna pick that 2025 up for a great deal and probably post about here on this forum.

 

[Frogdog1]

Keep working to get your debt to zero and keep it there. It feels so "free" to be able to buy anything I want, debt free. I just don't want much. That feels good too. Some people want shit they haven't earned yet. That's American society and "marketing" for you. How many kids are making monthly payments on a damned cell phone? They don't cost much.......for the rest of their lives......which is what Apple and the other thieves want. Make the interest wealth suckers die.

 

[Junkyard Dog]

S O L D -
Yesterday for $65K outright sale to an Online Car Wholesaler / Auction house.

Unfortunately that was the highest bid I could get and I'm told that was pretty good under these dire circumstances. So we will sell the house and move - and then in March I will be ordering an SC to replace this.

I don't really understand why you think this is a low price for that sale, but congrats on getting it sold and moving . . .

and . . .

Whoa! a Dark Horse SC!!!

 

[smurfslayer]

Good luck with the new house.

 

[Frogdog1]

Good luck with the new house.

We're going to need it. But, my realtor is damned good looking, so it isn't all bad. She gives great hugs too, LOL! The best hugs ever, so this will be a slow house hunt, LOL!!

 

[MAT1955]

....who is the idiot (JH) who started this thread and why do we allow the click bait from these Mustang bashing morons?

 

[Q6543]

House market is even tougher than the used dark horse market… oof

 

[Ryunker]

Keep working to get your debt to zero and keep it there. It feels so "free" to be able to buy anything I want, debt free. I just don't want much. That feels good too. Some people want shit they haven't earned yet. That's American society and "marketing" for you. How many kids are making monthly payments on a damned cell phone? They don't cost much.......for the rest of their lives......which is what Apple and the other thieves want. Make the interest wealth suckers die.

It has been over six years for my bride and I, extremely liberating!

 

[LouG]

S O L D -
Yesterday for $65K outright sale to an Online Car Wholesaler / Auction house.

Unfortunately that was the highest bid I could get and I'm told that was pretty good under these dire circumstances. So we will sell the house and move - and then in March I will be ordering an SC to replace this.

Big changes. Good luck.

 

[LouG]

So what did your losses work out to then?
I am looking to buy a new house this year as well, but my intention is to just pay off the GT if I am carrying too much debt to get approved. With current interest rates and the tax deduction on new car interest, I figured it was worth taking the loan instead of just buying my car outright.

Tax deduction on new car interest? My gob is thoroughly smacked. We get tax deductions on nothing.

 

[JimiHendrix]

I don't really understand why you think this is a low price for that sale, but congrats on getting it sold and moving . . .

and . . .

Whoa! a Dark Horse SC!!!

Didn't say it was -
when I started the thread highest offer I got was $57

 

[JimiHendrix]

....who is the idiot (JH) who started this thread and why do we allow the click bait from these Mustang bashing morons?

FO

 

[R3G]

Tax deduction on new car interest? My gob is thoroughly smacked. We get tax deductions on nothing.

Its a federal benefit for all US taxpayers from the big beautiful bill for 2025/2026 tax year for new cars assembled in the US but caps at income 100K indiv/200K joint. Meaning if you make more than that you get nothing, which most Dark Horse buyers do, I’d imagine.

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