Used market- what’s up with the prices?

[BrandonFYIA]

The discounts on the 2022s just aren't there right now. Only the 2021s have reasonable discounts at the moment.

Hopefully the trend continues. Im working from home so that will help keep the miles low. Just gotta keep out of any fender benders and might be able to pull something off in a few months. I'm also watching that G70 refresh.

 

[Waynerm002]

Yup, nothing beats getting that phenomenal lease cash and dealer discount to get a bug chunk off the price of the car, then flipping it to a buy.

 

[boosted1g]

Hopefully the trend continues. Im working from home so that will help keep the miles low. Just gotta keep out of any fender benders and might be able to pull something off in a few months. I'm also watching that G70 refresh.

Personally, not a fan of the new grill nor the headlights on the new G70. That triangular grill just looks off to me.

 

[Waynerm002]

That G70 facelift looks better than the first one to me and now matches the rest of their products.

 

[BUZER]

As long as the used prices keep going up I'm happy cause It means we all have something worth having from a monetary point of view. The used prices are insane though.
I'm not complaining.

 

[MerlintheMad]

Prices going up might be nothing more than the early stages of inflation.

 

[Ohiocruiser]

Prices going up might be nothing more than the early stages of inflation.

And on the bright side, our used high miles stingers might be worth hundreds of thousands $$$, in not so distant future. Our government sure does care of its own people

 

[Travis Wills]

Yup, nothing beats getting that phenomenal lease cash and dealer discount to get a bug chunk off the price of the car, then flipping it to a buy.

Actually they stopped that from being beneficial now. The interest/Money Factor is really low and the rebate is at least similar to what you can get for financing now.

Their leases are actually viable to keep now but the lease buyout doesn’t really help you as much anymore.

 

[Travis Wills]

Prices going up might be nothing more than the early stages of inflation.

Inflation, it’s what’s for dinner.

 

[stoopid]

The entire used car market is inflated due to people not being able/wanting to commit to expensive new car loans. One of the reasons I got the Stinger was the resale on my old car went UP over the course of 2020, despite adding a few thousand miles. It was enough to make the maths work.

More recently, the chip shortage is impacting new car production and pushing even more people into the used car market due to lack of certain new vehicle inventory. This is on top of covid induced production cuts last year.

 

[jays2000]

Out of curiosity I checked Carmax for matches within my area... GT1s listed at $36K-39K and a 2019 GT2 at $42K!

I don't know if this is just indicative of all used cars but this is Jeep-level depreciation rates.

 

[SOCAL2.0]

WOW my 2018 with 19000 miles worth $26000 will cost me $18000 to buy back next year!

 

[Waynerm002]

Actually they stopped that from being beneficial now. The interest/Money Factor is really low and the rebate is at least similar to what you can get for financing now.

Their leases are actually viable to keep now but the lease buyout doesn’t really help you as much anymore.

I dd a check yesterday and noticed that even the 2021 don't have a nice deal like they used to. The numbers don't look as bad as before but I made out better going with the Audi this time around.

 

[Waynerm002]

Checked the link for my old Stinger, looks like someone already bought it! Dang, that was fast!

 

[TheBusch]

I did a Carvana offer and they are only $400 below what I paid in November and 6k miles ago. Not bad since I really didn't haggle, and it had the CPO markup.

In comparison, my Carvana offer in November for my 2016 Accord Coupe was $7k below what I paid for it a 18 months prior. That's why I bought my Stinger from a dealership far away from me, they gave me a great trade-in price.

 

[Ohiocruiser]

I say keep the car. I really think the price for it will be going up, not because its value will be going up, but because the value of your money will be going down.

 

[boosted1g]

Prices going up might be nothing more than the early stages of inflation.

I bet it is also a precursor response to the chip shortage.

With companies having to shut down new car production, late model cars are going to raise in value more and more as demand exceeds supply.

 

[Ohiocruiser]

I bet it is also a precursor response to the chip shortage.

With companies having to shut down new car production, late model cars are going to raise in value more and more as demand exceeds supply.

With the money surplus, there's shortage of everything. I went through soviet collapse, so i know it first hand.

 

[stoopid]

With the money surplus, there's shortage of everything. I went through soviet collapse, so i know it first hand.

We're not there (yet), the surplus you're thinking of is only in the pockets of the top percent right now. There's still a lot of people unemployed, out of working and not eligible for unemployment, and poor working class. At least at this moment, higher prices are largely due to higher demand and short supply.

 

[Ohiocruiser]

We're not there (yet), the surplus you're thinking of is only in the pockets of the top percent right now. There's still a lot of people unemployed, out of working and not eligible for unemployment, and poor working class. At least at this moment, higher prices are largely due to higher demand and short supply.

High demand, short supply principle is good for free markets. That is the last thing we have going. With all the government stimulus, ubi bs, reparations talks who needs work? I work in constraction. Never in my 20 years in that field i had to turn the jobs down, because i dont have enough people to do it, like i do it on regular basis these days. A LOT of people dont wanna work, because it is more practical to get government "help". So in order to attract workers, you will have to compete with government and pay more. And that will result in higher prices across the board.