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Post by Cole D on Jul 16, 2021 23:44:52 GMT -5
Has anyone noticed how crazy used car prices have gotten? I bought my 2016 in late 2018 for $19500 out the door with 13k miles. Now I'm seeing cars with 99k miles for sale for $19k plus fees. I saw a 2015, with 23k miles for sale today for $21k, plus fees, a 6 year old car for more than I paid for mine at 2 years old. I guess with the chip shortage it's caused fewer people to trade for new cars.
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Post by Parkman on Jul 18, 2021 17:48:25 GMT -5
Has anyone noticed how crazy used car prices have gotten? I bought my 2016 in late 2018 for $19500 out the door with 13k miles. Now I'm seeing cars with 99k miles for sale for $19k plus fees. I saw a 2015, with 23k miles for sale today for $21k, plus fees, a 6 year old car for more than I paid for mine at 2 years old. I guess with the chip shortage it's caused fewer people to trade for new cars. Chip shortage is exactly it plus factories were closed last year, pent up demand, people got stimulus checks all added up to the new car shortage. We traded in my wife’s 2018 Hyundai Elantra for $100 more then we paid out the door when she bought it brand new. It’s insane what stuffs going for and now the dealers are putting on these silly addendum stickers making you pay over msrp for cars because it’s a market adjustment. It’s bs is what it is and people are eating it up. My wife’s sister leased a new car from the dealer we bought her car from no addendum market adjustment sticker a month later my wife gets her car shortly after they add a $1k market adjustment. Few weeks later $2k now it’s $3k. Some new models it’s at $5k and one of the large suv models it’s $7k over sticker price. Don’t buy a new car right now unless you need one. |
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Post by becausecanadia on Jul 23, 2021 1:28:06 GMT -5
I have a Toyota, they don't lose value till they're totaled.
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Post by fancollector12 on Jul 26, 2021 4:19:54 GMT -5
We had to purchase a new car for my mom right before the price hike happened (her 2014 BMW 328i xDrive was hit and totalled). The car we bought was a 2018 BMW X5 with 17k miles, CPO (Certified Pre Owned) from a BMW dealership about 1.5 hours away from us. If we would've waited to purchase it, a week or so later, the price would've went up. We had signed a price agreement with them to keep the price what they promised it would be.
Also, before the price hike, our 2014 Jeep Grand Cherokee WK2 with 170k miles was only worth about $8k. Now, it's worth about $12k with the same mileage, which is significantly more than what we still owe on it (which is about $5k or so). We might be trading it in soon on another JGC, but inventory is scarce right now. The Jeep dealer I work for only has one JGC, and my boss's (the owner's) wife is driving it as her demo vehicle.
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