Resale value is sad, anyone know why?

[robvas]

I only see old people use checks.

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[AZ_Ryan]

What the hell is a cheque?

 

[Upacurb]

You better cheque yourself before you wreck yourself....

Ice Cube

 

[When Pigs Fly]

Two words: wire transfer.

Safe, secure, no questions asked of anyone. Especially useful if you're not making the purchase in-person.

 

[AZ_Ryan]

Two words: wire transfer.

Safe, secure, no questions asked of anyone. Especially useful if you're not making the purchase in-person.

Way to make the conversation even weirder.

 

[COBill]

Two words: wire transfer.

Safe, secure, no questions asked of anyone. Especially useful if you're not making the purchase in-person.

Sadly, also an extra expense.

For most banks, wire transfers have a fee of $25 - $30; cashier's checks are free.

 

[TVMADoc]

A quick look at Cars.com confirms that's a decent price, the cheapest used 2024's with less than 20k miles on them aren't much more than that.

First new car? They lose a ton of value the first couple years.

You paid $72k for your car?

Perhaps he opted for the "fill the spare tire well with diamonds" selection?

 

[GooberDH]

Buying literally anything other than a 1/100 (or fewer) limited production super car that you have to be invited to purchase by the manufacturer and not expecting to lose at least 50% of what you paid is one of the classic blunders.

 

[cbrtrx]

The s650 has weak resale unfortunately it's been well established.

My s550 I bought new for 38k I just sold it wholesale for 32k 3 years later. It will probably retail for around 35k. I don't see it depreciating too much more in the next 2 years. That car did very well.

I believe the earlier s650s will drop to low 30s depending on trim in the next 2 years and stay there for a while. The premium models will always takes the biggest hit by far.

 

[smurfslayer]

What the hell is a cheque?

 

[IceGamer]

The s650 has weak resale unfortunately it's been well established.

My s550 I bought new for 38k I just sold it wholesale for 32k 3 years later. It will probably retail for around 35k. I don't see it depreciating too much more in the next 2 years. That car did very well.

I believe the earlier s650s will drop to low 30s depending on trim in the next 2 years and stay there for a while. The premium models will always takes the biggest hit by far.

The only reason why the S550 did hold its value so well was Covid. At first, cars couldn't been bought, then couldn't been built and ultimately everything went up in price far beyond anything we had witnessed in decades.

It certainly helps that the S650 is merely a more expensive refresh with a somewhat unloved interior rather than a new car but the main reason why basically all cars but especially niche cars did hold its value so well was Covid.

 

[AZ_Ryan]

The only reason why the S550 did hold its value so well was Covid. At first, cars couldn't been bought, then couldn't been built and ultimately everything went up in price far beyond anything we had witnessed in decades.

It certainly helps that the S650 is merely a more expensive refresh with a somewhat unloved interior rather than a new car but the main reason why basically all cars but especially niche cars did hold its value so well was Covid.

Resale of the S550 did just fine before Covid.

 

[Alex381]

Resale of the S550 did just fine before Covid.

The S550 started at a sane price. The S650 started at the tail end of the used car mania and prices only went up from there. Sticker prices on the 650 have been bonkers mad from day one.

 

[AZ_Ryan]

The S550 started at a sane price. The S650 started at the tail end of the used car mania and prices only went up from there. Sticker prices on the 650 have been bonkers mad from day one.

Yep. As I said earlier, I think crazy MSRPs are to blame for resale prices. Sticker prices on everything is bonkers mad with no end in sight.

 

[robvas]

Resale of the S550 did just fine before Covid.

I dunno man, I don't remember exact numbers but I was Mustang shopping right before Covid and they were damn cheap. They went up at least 50% in the next year or two.

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