Dark Horse Depreciation vs GT

[Frogdog1]

People who care about depreciation bought the wrong car.

I didn't buy my Mustang to make profit out of it.
You guys also care about the depriciation of your TV screen or computer?

The only reason why I think many people car is because they bought the car with the money of someone else (bank).

The bank owes you more money than your car is worth.

That's why I hate loans and besides my house, I have 0 loans.

The bank gives you money and you go the easy way to buy a car. No hard work no nothing.
Just a signature and boom, you have money on your account.
You are happy with the car, but you don't really feel the hapiness of people who really saved for their goal. You just feel the happiness of easy money. After a while your car depreciates and the bank still owes you money. They owe you more than the car is worth. That's where peoplestart to worry and sell their car and start all over with another car.

Welcome to the world where people think loans are good.

Than you have those guys who always claim that getting a loan saves them money so they can "invest their own money in something that makes more money".

This loan system never benefits the people. It benefits the loan givers. Otherwise this whole loan system was not as how it is.

All slaves of the system.

If I wanted a Mustang I could have bought it 15 years ago with a loan, but I didn't. And I'm happy because of that. I did many smart things with the money that got me retired right now.

You are so right about debt, GrabThatBlue. When I wrote a check to my dealer for my car, they were disappointed that I didn't borrow money from them to buy the car. Why? Because they make a lot of money on loans and customers pay a lot of money to service the loan. People don't do the math when they buy cars and other things with debt. It is a very nice feeling to owe no money to anyone. I don't and won't give up that feeling.

Unless one is born wealthy or is a "trust fund baby", it just takes discipline and hard, smart work to stay away from debt and remain that way. Instant gratification is very costly.

Over and out.

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[Germansheperd]

I haven't seen any lower than mid 60s. One local advertised for 61k wasn't even on the lot when I went to check it out. I think it was just a bullsh1t ad to generate foot traffic.

Here are 2 within a couple hours of my house. I could find a couple dozen if I widened the search.

 

[Germansheperd]

I haven't seen any lower than mid 60s. One local advertised for 61k wasn't even on the lot when I went to check it out. I think it was just a bullsh1t ad to generate foot traffic.

Here is one almost brand new (in miles) 3k mi for $59,999. They are deprecating like rocks.

 

[AZ_Ryan]

The OPs discussion about DH depreciation doesn't have anything to do car loans. And for the record I haven't financed a car in 20 years, so im not advocating debt. The DH is a specialty model which costs a great deal more, so the topic IS relevant (financing or not).

If you look at the Mach 1s, you should have pretty comparable trend moving forward. They held their value very well initially, but the market softened quickly after about 2-3 years. Low mileage Mach 1s that were regularly going in the mid to high 50s a year ago can now be had in the to Mid 40s. The S650 had something to do with this, but the bottom line is they don't have Shelby in the name and just aren't going to hold value the same way. The other factor is many people buy Mach 1s and DHs as a 2nd or 3rd cars and only end up keeping them for a few years before they either A - get bored and buy something else, or B - can't justify the expense for a weekend cruiser or part time track car. Thus the secondary market starts to get saturated with trade-ins and prices start to fall.

So while they will always have more value than a GT, I feel like the DH has about 2-3 years, or until the next new latest and greatest model comes out before we start seeing values start to steadily decline.

 

[LouG]

It could be that buyer perception may affect residual value. If a model is seen as more likely to have been driven hard, buyers might stay away.
One reason I prefer to buy new, is the fact that many people don't give a toss about break in, proper maintenance etc because they're only keeping it for 3 years or so, so it becomes the next owners problem.

 

[Kevi]

Here is one almost brand new (in miles) 3k mi for $59,999. They are deprecating like rocks.

The base C8 was 58k. Not sure I'd call that much depreciation.

 

[135Hoser]

The base C8 was 58k. Not sure I'd call that much depreciation.

The MSRP might have been 58k. Up here they were marked up $20k CAD at a minimum, and no dealer was selling them for MSRP.

 

[GrabThatBlue]

The MSRP might have been 58k. Up here they were marked up $20k CAD at a minimum, and no dealer was selling them for MSRP.

It was like that everywhere. No dealer was selling these cars@ MSRP.

 

[Zig]

Even a dud can become a spud over time. Perceptions change and uniqueness usually acquires value. Loans are only an issue when you let them collect interest. They (the cars) only need to ‘hold/gain’ in value when/if production stops otherwise it’s relative. Collectors always gamble with depreciation, enthusiasts usually prefer it didn’t matter, and general public simply want a good value. Value is proven over time. Currently dh and gt/premium will retain the perceived additional value only as long as the ‘value adds’ are not included as standard in the base units.

 

[young at heart]

The OPs discussion about DH depreciation doesn't have anything to do car loans.

This right here, exactly.

I‘ll stipulate to not parsing this whole thread because I thought the conclusion was pretty self-evident before the question was even asked.

But having said that, why would any prospective buyer remotely care about how the seller paid for the car, ie, cash, loan, trade or whatever? The buyer expects clean title and doesn’t care about anything else.

 

[Germansheperd]

The base C8 was 58k. Not sure I'd call that much depreciation.

This car stickered for $64,630 but that isn’t the exact point. As others have stated above good luck finding a C8 near MSRP from 2020-2023. Seeing this car is/was from the east coast I call all but guarantee it was bought with a high ADM.
Now back to my original point yes C8’s are dropping like rocks and yes you can buy them all day long in the 50k range.

 

[Kevi]

This car stickered for $64,630 but that isn’t the exact point. As others have stated above good luck finding a C8 near MSRP from 2020-2023. Seeing this car is/was from the east coast I call all but guarantee it was bought with a high ADM.
Now back to my original point yes C8’s are dropping like rocks and yes you can buy them all day long in the 50k range.

That's not really depreciation as much as market normalization due to better supply and introduction of more desired models. If someone is willing to pay thousands over sticker price because of scarcity they know they are taking a hit on the resale market.

I'm not really sure what the argument is here? Do you think a DH is going to retain more value than a base C8?

People obviously are willing to pay a big premium for those since they were paying much more at the dealership to begin with. That isn't going to change.

Mustangs are a much better buy $$ for horsepower, but will lose out more in resale value. That's always been the case.

At least it's better off than stuff like Jaguars or Maserati that are ridiculously expensive to maintain so no one will touch them used.

 

[Cz_Ziemniak]

At least it's better off than stuff like Jaguars or Maserati that are ridiculously expensive to maintain so no one will touch them used.

1/2 off MSRP in three years makes for some TEMPTING options.
Scary, but tempting

 

[Kevi]

1/2 off MSRP in three years makes for some TEMPTING options.
Scary, but tempting

A friend of mine paid 20k for a used Maserati. The transmission replacement also cost him 20k!

 

[Cz_Ziemniak]

A friend of mine paid 20k for a used Maserati. The transmission replacement also cost him 20k!

No way, my friend ALSO bought a Maserati with 20K. He needed a new rear diff and a bunch of other shit, lmao.

God it sounds good though

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