Selling my 2025 DH and the market is in the tank

[JimiHendrix]

Just got a brand new maverick for 26k, thing is incredible, AWD 2.0 eco, great deals on leftover 25s

I heard those are sweet rides - kind of reminds me of a low slung baby Chevy Avalanche

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[BrakeFade]

Who thinks they buy a new car and sell it right away and believes it's gonna be the same price?

When you buy a new car, you lose X % of value right as you drive it off the lot, like a 50k car is 40k value after one year, then it depreciates slower over time.

How are people surprised by this?

People have been spoiled by Covid car trade in values.

 

[JimiHendrix]

Listen up - most of you folks have been pretty decent but some have been super A$$es.

First and foremost, with the amount of cars I have purchased over my adult life let me make something perfectly CLEAR - I absolutely know about vehicle depreciation and do not and never have thought - that buying and selling cars is a smart way to make money as a private citizen (NOT OWNING A CAR LOT). I have been scalded many, many times with trade in or private sale depreciation.

With that said: This post was ABOUT the amount of that depreciation not that there was depreciation - so please for those few - LIGHTEN THE F UP ...

 

[AZ_Ryan]

Listen up - most of you folks have been pretty decent but some have been super A$$es.

First and foremost, with the amount of cars I have purchased over my adult life let me make something perfectly CLEAR - I absolutely know about vehicle depreciation and do not and never have thought - that buying and selling cars is a smart way to make money as a private citizen (NOT OWNING A CAR LOT). I have been scalded many, many times with trade in or private sale depreciation.

With that said: This post was ABOUT the amount of that depreciation not that there was depreciation - so please for those few - LIGHTEN THE F UP ...

Amen. People on this forum tend to have a hard time with reading comprehension. You'll get used to it after awhile. I personally cant wait for more Porsche comparisons...

 

[BimmerDriver]

Amen. People on this forum tend to have a hard time with reading comprehension. You'll get used to it after awhile. I personally cant wait for more Porsche comparisons...

The people on the Rennlist forum never have that problem.

 

[smurfslayer]

just got a brand new maverick for 26k, thing is incredible, AWD 2.0 eco

DAMN!
Solid score.

 

[RDH43]

Just got a brand new maverick for 26k, thing is incredible, AWD 2.0 eco, great deals on leftover 25s

That's a great color too.... Velocity blue looks awesome....ask me how I know lol...

 

[Upacurb]

Amen. People on this forum tend to have a hard time with reading comprehension. You'll get used to it after awhile. I personally cant wait for more Porsche comparisons...

What do you mean people who own Porches cant read???

 

[AZ_Ryan]

What do you mean people who own Porches cant read???

We're a dying breed.

 

[JimiHendrix]

It's pretty F'ing sad when you have to beg people to buy your car so you can lose money -

Wasn't the case for me (I didn't beg) but lost money - but I'm hearing a lot of folks are going through that

 

[Q6543]

Yeah… rumor on the street is new FED chair is gonna be a lot tighter with monetary policy, possibly make errors into economic slowdown/recession

I had to basically give my foxbody away last summer to sell it, liquidity is gonna be tight for the bottom 90% for awhile
Things can get much worse.

 

[Upacurb]

Yeah… rumor on the street is new FED chair is gonna be a lot tighter with monetary policy, possibly make errors into economic slowdown/recession

I had to basically give my foxbody away last summer to sell it, liquidity is gonna be tight for the bottom 90% for awhile
Things can get much worse.

Wait.....you sold your fox body??? : (

I wish I had mine back : (

 

[Q6543]

Yeah, unfortunately had to let it go to make room last year. It’s ok, I’ll probably be out of foxbodys for good now.
Post covid pricing makes them obnoxiously expensive to work on anymore, a lot of the companies from the heyday are out of business., the value proposition just isn’t there, even trying to find competent machine shops etc..

the world changed too much

 

[AZ_Ryan]

Foxys are still going for good coin in my neck of the woods.

 

[TVMADoc]

There is the old saying “you lose 10k as soon as you sign papers and drive it off the lot”

that’s the initial hit for buying a brand new vehicle, not just a DH, I would even venture to say, you can keep it and drive it for 2-3 more years and the value will be close to what you’re seeing now still, the dealer will want you to eat all the first 3 years depreciation up front because who in their right mind would buy a used 2025 when they can buy a new one.

Only exception might be very high price, limited edition vehicles. A doc I knew waited years on for his spot to be able to buy a Ferrari. After that, he would buy one, drive it for about a year, then sell it used to other people who didn't want to wait to get an allocation for a new car. He typically made money with each resale.

Average car, yeah you expect to lose money driving off the lot.

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