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re: I paid $40k for my truck last year, it’s now worth $18k
Posted on 1/1/23 at 2:48 pm to Jack Bauers HnK
Posted on 1/1/23 at 2:48 pm to Jack Bauers HnK
quote:I don’t understand this. How the frick do you get more money for a used vehicle that you bought brand new?
The trick was to buy a new car, run it for a year, and sell it for more than you paid.
Been doing that for a few years now, pretty decent side gig and always driving a new truck.
What kind of retard will pay more for a used vehicle than it cost new?
5
Posted on 1/1/23 at 2:50 pm to MarlboroTiger
quote:
What would you do if you were in my shoes?
Drive it. And keep driving it.
Posted on 1/1/23 at 2:53 pm to pioneerbasketball
quote:
yes. In most cases, a vehicle is a depreciating asset
Irrelevant
A new car that cost $150k doesn’t just become worth < $40k because you drive it off the lot.
And any asset can be one of depreciating value if you pay too much for it.
But just saying any car is worth less than $40k is just wrong. You wouldn’t buy a 2020 G63 for $41k when you could turn drive it for a year sell it for over $100k?
Posted on 1/1/23 at 2:54 pm to bhtigerfan
Happens man. Try getting a Bronco. You'll still pay more until Ford catches up.
Posted on 1/1/23 at 2:55 pm to MarlboroTiger
Keep it.
You were overcharged last year but that doesn’t matter as much if you run them until the wheels fall off.
You were overcharged last year but that doesn’t matter as much if you run them until the wheels fall off.
Posted on 1/1/23 at 3:01 pm to MarlboroTiger
Just bought a vehicle and already want to buy another. Seems like you make great financial decisions
Posted on 1/1/23 at 3:04 pm to MarlboroTiger
I would keep it
Posted on 1/1/23 at 3:04 pm to MarlboroTiger
quote:
bought a used Tahoe last year for $40k and have it paid off and was looking to sell it or trade it in. I just looked at the instant offer on KBB and it was just north of $18k.
Was it shelled during a military skirmish or something?
Posted on 1/1/23 at 3:06 pm to pioneerbasketball
quote:
who pays 40k for a used vehicle?
People that aspire for more than a Ford Focus
Posted on 1/1/23 at 3:06 pm to MarlboroTiger
I would have not bought a vehicle at the worst time possible
Posted on 1/1/23 at 3:11 pm to MarlboroTiger
Prices have been wild and all over the place. I’m having the opposite experience. My son turns 16 tomorrow and we finally just settled on a truck after months of searching. Of course my wife’s car died after we got back from Christmas
The last vehicle I bought was a 2005 F150 for around $15k 12 years ago. 100kish miles . Not something I haggled or lost that much sleep over. I’ve had a work car since then.
This one has been agonizing because there are 10+ year almost 200k mile trucks that people still want 15-20k for and dealers aren’t even really entertaining offers.
ETA: we’re getting a 2013 Ram with 150k (
) miles for $12500. Not getting fleeced like a lot of other people but definitely not the best deal I’ve ever seen.
The last vehicle I bought was a 2005 F150 for around $15k 12 years ago. 100kish miles . Not something I haggled or lost that much sleep over. I’ve had a work car since then.
This one has been agonizing because there are 10+ year almost 200k mile trucks that people still want 15-20k for and dealers aren’t even really entertaining offers.
ETA: we’re getting a 2013 Ram with 150k (
) miles for $12500. Not getting fleeced like a lot of other people but definitely not the best deal I’ve ever seen. This post was edited on 1/1/23 at 3:20 pm
Posted on 1/1/23 at 3:14 pm to MarlboroTiger
Nola East. Leave it running unlocked.
You’re welcome.
You’re welcome.
Posted on 1/1/23 at 3:14 pm to TBoy
quote:
Everyone who bought a used car last year overpaid.
Yeah, I'm still not buying it.
OP:
What year?
How many miles?
Posted on 1/1/23 at 3:17 pm to MarlboroTiger
quote:
What would you do if you were in my shoes?
Not be a dumb arse and buy something that devalues that quickly.
This post was edited on 1/1/23 at 3:21 pm
Posted on 1/1/23 at 3:19 pm to LSU Grad Alabama Fan
quote:
Not be a dumb arse and buy something that devalues
99% of vehicles devaluate dumbass.
Posted on 1/1/23 at 3:20 pm to BayouBlitz
quote:
99% of vehicles devaluate dumbass.
Some devalue at a much faster rate, dumb arse. That's why I own a Tacoma.
This post was edited on 1/1/23 at 3:21 pm
Posted on 1/1/23 at 3:23 pm to MarlboroTiger
quote:I bet it reeks of cigarettes too. So its probably worth less than 18k
MarlboroTiger
Posted on 1/1/23 at 3:26 pm to LSU Grad Alabama Fan
Nice edit, dumbass.
Posted on 1/1/23 at 3:32 pm to BayouBlitz
quote:
Nice edit, dumbass.
I edited it since dumb asses like you would take it literally.
Posted on 1/1/23 at 3:33 pm to MarlboroTiger
What’s the year, trim and mileage?
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