no the adult activities are paying my phone bill and making budget excel sheets, it’s pretty comfy back there I’ll just hang out
Oh you’re on the receiving end, we assumed paying
Sounds like selling themselves short if just pays the phone bill.
Now the thread itself grasps peak insanity.
Should we start another thread: “What used vehicle will you get at the bottom of the market?”
First you need to ask, “Is this the bottom of the user car prices” And ponder that for a couple of years:)
Exactly. Much like we how we had “reached” peak insanity how many times over the 2+ year span?
everyone’s on the receiving end of this economy
you are correct
section 8
ebt/food stamps
life is good
You forgot the free $1400
Stellantis for clunkers program coming soon.
Hello,
Back in July I received an Instant Cash Offer from KBB that was about $6k over what I owed at lease end. Now that my lease has ended I was planning to purchase it. I ran another Instant Cash offer on KBB and now they are offering and it’s basically what I owe on the vehicle. I ran the same on Edmunds and it’s actually less than that. Why would it change so drastically in just 4 months? Will I still be able to receive at least close to the initial offer? Nothing has changed with the vehicle mileage or condition wise.
Thank you in advance!
Because in August all the prices crashed.
From whom? KBB? Short answer is No. That offer was from 4 months ago. You should have taken the deal then.
- Used car prices have been dropping for the past few months. They seem to have normalized.
Just the current market at this time. Been tracking 2021 Tesla Model 3 Perf values. In May highest offer was from Vroom $54,000. Checked a few days ago, highest offer was from Carvana at $46,100. About a 15% drop.
Dealers/resellers no longer want to overpay for cars, on the other hand they can’t lower prices of inventory they paid astronomical prices for. So we have a market where buyout/trade-in values have dropped considerably, but used car market prices remain high. Also lease/loan rates are terrible. Not the ideal vehicle buying market.
Anyone know how realistic it is for an individual to buy at an auction like Manheim? Seems like that’s a pretty attractive option right now than buying at a dealer or even private parties – most of whom still have inflated asking prices. In the past I’ve heard of brokers who you can work with for a fee to buy at auction.
Maybe depends on where you located.
I remember when I was back in NYC area, there are a lot ppl with dealer license that charge 300-500 to bring you to dealer auction in PA to buy cars.
…and then they screw you on the actual selling price.
you need a dealer’s license to buy at ACV/Manheim
Have you experienced that or you just assumed that without evidence or personal experience?