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When is this market going to go back to normal? I just looked at a used 2021 tahoe that was on the lot while looking at another vehicle and they had it listed for $86,000!! Where are people getting all of this money to pay over asking price on houses and pay 30% + more for used autos?! Makes no sense
With that being said, my wife and I are really thinking about buying 2 average beaters and selling our nice vehicles.
2015 tesla s 85d with 45k miles and vroom is offering $40k! I bought this in dec 2020 for 30k with only 39k miles.
2015 Toyota tundra SR5 with 140k and I know I can pull $28K +. I bought this truck for 30k back in 2017 with 68k miles.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,260,275 times
Reputation: 57826
I saw that too, I can get more than I paid for my 2017 F-150 new but then there is little new inventory available to replace it and no discounts.
Where are they getting the money? Here it's people working at Microsoft, Amazon, and Google making $200k and more, and immigrants from India bringing a lot of cash with them.
It's a "good news, bad news" situation....yes, you can sell your current cars, BUT if you want to replace any of them, YOU will pay more for whatever you'll buy.....
Location: IN>Germany>ND>OH>TX>CA>Currently NoVa and a Vacation Lake House in PA
3,259 posts, read 4,338,417 times
Reputation: 13476
I paid $37k ($50k MSRP) in April 2020 for my 2020 Ram 1500 and could easily get more than I paid for it now. It's only got 6,000 miles and is in perfect condition. It's a crazy market for sure.
The money is coming from low interest rate, extended term financing, along with stimulus. People have more money in their pockets at this exact moment, and they can get more vehicle on their monthly budget.
When is this market going to go back to normal? I just looked at a used 2021 tahoe that was on the lot while looking at another vehicle and they had it listed for $86,000!! Where are people getting all of this money to pay over asking price on houses and pay 30% + more for used autos?! Makes no sense
With that being said, my wife and I are really thinking about buying 2 average beaters and selling our nice vehicles.
2015 tesla s 85d with 45k miles and vroom is offering $40k! I bought this in dec 2020 for 30k with only 39k miles.
2015 Toyota tundra SR5 with 140k and I know I can pull $28K +. I bought this truck for 30k back in 2017 with 68k miles.
Has anyone done this and how did it work out?
And what are you going to do, dust off the old 10-speed bicycle from when you were in college and ride around on that?
There's a reason that the used prices are high. I mean, sure you can sell the Tesla and the Tundra for 68K and then throw in another 18k plus tax, title, license, and get one Tahoe. Should you do that? It's your money.
Location: Was Midvalley Oregon; Now Eastside Seattle area
13,080 posts, read 7,527,706 times
Reputation: 9814
Depends on your future needs for these vehicles and what beaters.
We have Prius2, 08-09, 100K. $7000-$11000. Beater pricing. Tread 50%+
Your profit after vehicle replacement will be slim and of unknown maintenance.
When is this market going to go back to normal? I just looked at a used 2021 tahoe that was on the lot while looking at another vehicle and they had it listed for $86,000!! Where are people getting all of this money to pay over asking price on houses and pay 30% + more for used autos?! Makes no sense
With that being said, my wife and I are really thinking about buying 2 average beaters and selling our nice vehicles.
2015 tesla s 85d with 45k miles and vroom is offering $40k! I bought this in dec 2020 for 30k with only 39k miles.
2015 Toyota tundra SR5 with 140k and I know I can pull $28K +. I bought this truck for 30k back in 2017 with 68k miles.
Has anyone done this and how did it work out?
I've been having the same thoughts. I have way more vehicles than 1 person needs (6 cars/trucks, 5 motorcycles) and could generate nearly $250K in cash if I sold everything but 1 car. I could then replenish the fleet at a substantial discount when things get back to normal.
It's a "good news, bad news" situation....yes, you can sell your current cars, BUT if you want to replace any of them, YOU will pay more for whatever you'll buy.....
In the end, it evens out. You're getting more than you normally would for your trade - but, you're also paying more than you normally would for your new vehicle.
If you've got a spare vehicle you don't need to replace that you've been looking to offload, the time has certainly never been better!
IMO, it comes down to what you want and what you need. I only need one car for myself. I like to drive nice cars, I don't like to drive "beaters". I'm perfectly happy with my 2015 Lexus RX350 and could sell it for more than I paid for it now. I could buy a beater and wait for prices to go down and get a newer and (maybe) better vehicle, like a BMW or Porsche. It's not worth the time and effort to me. I don't drive nearly as much as I used to, I work from home and am not driving long distances now due to Covid. I fill the gas tank once a month, lol.
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