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re: The used car market is pretty crazy right now.

Posted on 5/2/21 at 6:49 am to
Posted by fladohado
Louisiana
Member since Jan 2010
3131 posts
Posted on 5/2/21 at 6:49 am to
I have a 2019 scatpack 49k miles, paid 37.5k for it, for the hell of it I went and checked out vroom, they’re offering 38.5k this is almost too good to pass up.. only thing is getting back into a vehicle quick is going to be a hassle
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
9171 posts
Posted on 5/2/21 at 7:34 am to
quote:

Most of our reservoirs are at 18% or lower. We haven't had a typhoon/hurricane in almost 2years and never had our monsoon seasons this year and last year. TSM which is one of the largest producers of semiconductors, relies on the power from the dams. They have tried to cloud seed but it really didnt work and we are currently doing on/off days with water shuts offs
wait. I’m totally confused. I was told by very smart people that green energy was cheap and reliable . And, that natural gas will not provide us the abundant energy we need for the future. Hmmmm. I’m so lost now.
Posted by The Torch
DFW The Dub
Member since Aug 2014
29594 posts
Posted on 5/2/21 at 7:55 am to
I'm actually about to buy a used car in the next few months, wonder if I should wait ?

My son gets his permit to drive with a parent in December and I'm getting him a small Honda/Nissan or something he can start driving with me to get used to it.

So this is a terrible time to be a buyer in the car market ?
Posted by Gulf Coast Tiger
Ms Gulf Coast
Member since Jan 2004
21231 posts
Posted on 5/2/21 at 8:20 am to
quote:

So this is a terrible time to be a buyer in the car market ?




Yes it is
Posted by BoogaBear
Member since Jul 2013
7343 posts
Posted on 5/2/21 at 8:26 am to
My 2020 ram just priced for 6k over what I bought it for on vroom and kbb.
Posted by Oates Mustache
Member since Oct 2011
26630 posts
Posted on 5/2/21 at 8:27 am to
quote:

So this is a terrible time to be a buyer in the car market ?



Yes it is


Then what's the incentive to sell at inflated prices if you're also going to get raked over the coals with inflated prices?
This post was edited on 5/2/21 at 8:28 am
Posted by Chero987
Member since Jan 2021
215 posts
Posted on 5/2/21 at 8:29 am to
Anyone know how to handle a car coming off lease? I always buy, but my 89 year old father has a 2017 Rogue coming off lease in 6 months. It has about 6000 miles on it, and he doesn’t drive anymore. Assume he can do do much better than residual value.
Posted by Bamafig
Member since Nov 2018
6479 posts
Posted on 5/2/21 at 8:33 am to
Exactly! The folks selling their house are experiencing the same thing. They see the big profits but then realize that they are going to have to pay a premium to get back in a house as well. If you have an extra property or need to retire bad credit card debt, then it may be worth it. Otherwise, just wait it out. Or buy after the inevitability correction.
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 5/2/21 at 8:44 am to
quote:

Anyone know how to handle a car coming off lease? I always buy, but my 89 year old father has a 2017 Rogue coming off lease in 6 months. It has about 6000 miles on it, and he doesn’t drive anymore. Assume he can do do much better than residual value.



If he doesn't drive anymore take it to a dealer and see what they will give for it.

Would save 6 months of payments as well.

No idea what the residual on a Rogue lease would be but with just 6000 miles I would think you may do very well.
Posted by bee Rye
New orleans
Member since Jan 2006
34580 posts
Posted on 5/2/21 at 8:56 am to
quote:

2016 Challenger R/T


Didn’t know you were black
Posted by Jon Ham
Member since Jun 2011
29691 posts
Posted on 5/2/21 at 8:58 am to
Paid $26,300 for certified pre-owned 2017 Toyota Sienna 6 months ago. KBB now says their average sale price is $30,000.
Posted by Drank
Member since Jun 1864
Member since Dec 2012
12344 posts
Posted on 5/2/21 at 8:58 am to
Bought a 2019 Tacoma TRD <10K miles for $32,000 not quite a month ago. Was offered $36500 for it on Friday
It’s the Desert Sand color so hard(er) to find but yea the market is dried up. I seriously considered it but I absolutely adore the truck
Posted by ApexTiger
cary nc
Member since Oct 2003
56550 posts
Posted on 5/2/21 at 8:59 am to
how many miles were on your truck ? at purchase and at carmax cash offer?
Posted by Skillet
Member since Aug 2006
113838 posts
Posted on 5/2/21 at 9:03 am to
quote:

CarMax,



Was this the BR Carmax?

Took a BMW to Carmax in BR and their offer to me was laughable. Sold it myself the following week and got $4000 more than Carmax offered.
Posted by Oates Mustache
Member since Oct 2011
26630 posts
Posted on 5/2/21 at 9:05 am to
quote:

The folks selling their house are experiencing the same thing. They see the big profits but then realize that they are going to have to pay a premium to get back in a house as well


Right, so unless you're just dumping off a vehicle you don't need anymore, what's the point?
Posted by tadman
Member since Jun 2020
5440 posts
Posted on 5/2/21 at 9:16 am to
THAT IS AWESOME, esp with the stick.

Pls report back in a new thread. really like it.
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
9764 posts
Posted on 5/2/21 at 9:34 am to
I sold my 2013 F-150 for $24,500 2 weeks ago. Dealership washed/detailed it, took a few pics and sold it 3 days later for $28,500.

Took my $24,500 and got a 2017 Wrangler Unlimited with 39k miles for $30K. Haven’t found a similar make/model for under $31K since I made the deal. Prices are still rising
Posted by midnight1961
Member since Jan 2007
1707 posts
Posted on 5/2/21 at 9:34 am to
quote:

how many miles were on your truck ? at purchase and at carmax cash offer?


Around 19,000 miles when I bought it, and 35,400 when I traded it in.

The Challenger was a 1 owner car and it had a clean Carfax report.
Posted by Oates Mustache
Member since Oct 2011
26630 posts
Posted on 5/2/21 at 9:41 am to
quote:

Took my $24,500 and got a 2017 Wrangler Unlimited with 39k miles for $30K. Haven’t found a similar make/model for under $31K since I made the deal. Prices are still rising


But you still paid an inflated price as well or none of this makes any sense.
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
9764 posts
Posted on 5/2/21 at 9:55 am to
quote:

But you still paid an inflated price as well or none of this makes any sense.


I had the Jeep on my ‘Saved Cars’ list on Autotrader for a couple of weeks. It was a good deal at $31, then they reduced it to under $30. It’s on the lower end of prices for the options (alpine Audo, LED lights, Hard Top)

My truck was a maintenance nightmare, and the warranty was fixing to expire, so I took the opportunity and made it someone else’s problem.
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