Short term, much lower risk. As you hold longer and longer, it gets a bit less clear. 12 months, probably some equity. 2-3 years, I’m not sure. The long term is very hard to judge based on so many factors.
It’s all a calculated risk. We could all be upside down in 12 months.
In short yes. Obviously not as much equity as the day you pick it up and got 8-9K off sticker and not paying the up front sales tax.
If we were all paying MSRP and paying the up front sales tax of 6%+ then none of us would have equity on day 1 of ownership.
I would be more hesitant to keep a BMW, Audi, Mercedes, etc… at MSRP for 3 years than a TRX with 9K off for 3 years. Gives you more cushion when it comes to resale in the future.
I get different address/phone/email for ordering, but after the order arrives at dealership, for CCAP leasing would you need the same address, because CCAP needs to run credit using the same address and SSN?
This type of loan seems amazing if you want to keep the truck.
I think there’s still plenty of room to profit on TRX flips right now. Even if prices crashed I don’t see being underwater on these. The money seems to be on base models.
I’m going to see what mine brings in about a week and I’ll report back here. Dealers in my area still paying over 90k, and that’s for a base or level 1.