MUScoop
MUScoop => The Superbar => Topic started by: MuggsyB on July 05, 2021, 07:49:39 PM
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I have a 2005 Audi A4 with about 140K miles. It's in better than average condition but I wouldn't call it "excellent". I guess I haven't been paying attention to what's going on but I've thought about getting a new car since Jan. It definitely won't be an Audi with their maintenance costs. Anyway, I took pictures and punched in my info. Truthfully, I thought at best the thing was worth $500. Within 10 minutes I got seven phone calls from dealerships and offers as much as 3K if it mechanically checks out. I am floored by this but apparently this is common now across the country. Dealerships are clearly desperate for cars. I suppose this is COVID related but if you're in the market to sell a car now is clearly the time.
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Yeah but good luck finding one if you need one.
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Yeah but good luck finding one if you need one.
True.....I guess I hadn't thought about that. :( Maybe I'll give my mom a call. :)
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Yeah but good luck finding one if you need one.
Right. Much like a house, you can sell for a significant sum right now, but then you gotta buy something to replace your original.
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Hmmmm....what would a 3K bet on MU to win the 2022 college hoops title yield? Enough for an Aston Martin Valkyrie?
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I have a 2005 Audi A4 with about 140K miles. It's in better than average condition but I wouldn't call it "excellent". I guess I haven't been paying attention to what's going on but I've thought about getting a new car since Jan. It definitely won't be an Audi with their maintenance costs. Anyway, I took pictures and punched in my info. Truthfully, I thought at best the thing was worth $500. Within 10 minutes I got seven phone calls from dealerships and offers as much as 3K if it mechanically checks out. I am floored by this but apparently this is common now across the country. Dealerships are clearly desperate for cars. I suppose this is COVID related but if you're in the market to sell a car now is clearly the time.
FWIW, Audi has come a long way in terms of maintenance since that generation. My buddy had a 2004 A4 and loved the car but felt the same way. His father in law had recently gotten a 2018 and had a relatively carefree maintenance situation. Its pricier maintenance wise than a Honda, but its not the moneypit Audi used to be.
But the used car market is insane. I have a friend in Cali who got a Jeep Gladiator shortly before COVID. All the bells and whistles, paid around $54K for it. He drove it for 2 years, decided he wanted one of the TSLA SUVs, decided to see what he could get from Carvana, not even a dealer. Got an offer for $50,600 and snapped it up. Thats just preposterous.
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FWIW, Audi has come a long way in terms of maintenance since that generation. My buddy had a 2004 A4 and loved the car but felt the same way. His father in law had recently gotten a 2018 and had a relatively carefree maintenance situation. Its pricier maintenance wise than a Honda, but its not the moneypit Audi used to be.
But the used car market is insane. I have a friend in Cali who got a Jeep Gladiator shortly before COVID. All the bells and whistles, paid around $54K for it. He drove it for 2 years, decided he wanted one of the TSLA SUVs, decided to see what he could get from Carvana, not even a dealer. Got an offer for $50,600 and snapped it up. Thats just preposterous.
Yes! Honestly JWags my car is a piece of crap. I'm hoping to snag my mom's Acura...she doesn't really need a car. :)
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If anyone has to turn in a lease soon, it is likely worth far more than the residual value. You can get a better deal on a new car by trading it in.
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I've been monitoring specifically optioned Subaru WRXs for about a year now. Given the trend I saw a year ago, the car should be around $26k. Instead it's around $32k. Now that I'm finally ready to buy I think I'll wait a few months for prices to come down. My guess is I won't end up buying until the end of the year.
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This lack of chipset issue isn’t going away this year. If you need a car/appliance/IT equipment and someone somehow has stock, buy it now.
Going to be a lot of gift cards and clothes given out for the holidays this year.
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This lack of chipset issue isn’t going away this year. If you need a car/appliance/IT equipment and someone somehow has stock, buy it now.
Going to be a lot of gift cards and clothes given out for the holidays this year.
My son is still diligently trying to get a new Xbox since Christmas.
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I have a 2011 Hyundai Santa Fe, owned it since new. 86500 miles, which is considered low. Car’s in good shape. Not perfect, but few 10-year-old cars are.
I have been thinking about possibly replacing it for more than a year now “just because.”
I checked with Edmunds and Kelley Blue Book about 9 months ago and it was said to be worth about 4500 on trade and about 7500 private sale.
I just checked again 2 days ago and it’s now worth about 6K on trade and almost 10K private. Crazy!
And the thing is, new cars haven’t gone up by that percentage, at least not the ones I’m considering. So that’s good if I want to buy.
OTOH, the Santa Fe is still a perfectly good car and I really don’t “need” a new one. So who knows?
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I have a 2011 Hyundai Santa Fe, owned it since new. 86500 miles, which is considered low. Car’s in good shape. Not perfect, but few 10-year-old cars are.
I have been thinking about possibly replacing it for more than a year now “just because.”
I checked with Edmunds and Kelley Blue Book about 9 months ago and it was said to be worth about 4500 on trade and about 7500 private sale.
I just checked again 2 days ago and it’s now worth about 6K on trade and almost 10K private. Crazy!
And the thing is, new cars haven’t gone up by that percentage, at least not the ones I’m considering. So that’s good if I want to buy.
OTOH, the Santa Fe is still a perfectly good car and I really don’t “need” a new one. So who knows?
My experience today is that the KBB quotes were low. The dealerships are actually begging for my crappy car. Maybe with your bartering skills you could get 12K or auction it off?
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My experience today is that the KBB quotes were low. The dealerships are actually begging for my crappy car. Maybe with your bartering skills you could get 12K or auction it off?
12K? That would be amazing for a car I bought new for about 23K more than 10 years ago. I've first got to decide if I really want a new car, but yeah, this is really interesting and tempting now.
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12K? That would be amazing for a car I bought new for about 23K more than 10 years ago. I've first got to decide if I really want a new car, but yeah, this is really interesting and tempting now.
If you can get by with one less car for a few months, even better.
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My son is still diligently trying to get a new Xbox since Christmas.
6 weeks ago, my son wanted a new Series S, as he had a good chunk of birthday monies. We searched online for a few minutes, came up empty. Subscribed to some twitter feeds that alert people to xbox availability.
I asked him .. if I see it online, do you want me to buy it? YES.
10 minutes later, I'd found it at Walmart. Came about a week later.
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If you can get by with one less car for a few months, even better.
When we moved to Chicago, we went from 2 cars to 1 very easily and sometimes didn't drive that 1 for weeks.
In the Charlotte 'burbs, my wife and I each has to have a car to drive, unfortunately. So yes, timing sells and buys will be tricky if I decide I want to buy and maximize the financial situation to my advantage.
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Got offered 17K on a trade in (decided against it, as having a paid off, reliable used car will allow me to better use $500/month) of my 2016 CRV, with 38K miles…which is just bonkers, seeing that I bought brand new for like $23,500 5 years ago.
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I have a 2011 Hyundai Santa Fe, owned it since new. 86500 miles, which is considered low. Car’s in good shape. Not perfect, but few 10-year-old cars are.
I have been thinking about possibly replacing it for more than a year now “just because.”
I checked with Edmunds and Kelley Blue Book about 9 months ago and it was said to be worth about 4500 on trade and about 7500 private sale.
I just checked again 2 days ago and it’s now worth about 6K on trade and almost 10K private. Crazy!
And the thing is, new cars haven’t gone up by that percentage, at least not the ones I’m considering. So that’s good if I want to buy.
OTOH, the Santa Fe is still a perfectly good car and I really don’t “need” a new one. So who knows?
My cousin just described his experience trading in a 4 year old car for a brand new one. It cost him essentially $4000 for a brand new car. Trading in for new is the way to go.
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Have an 80s vintage Ford F150.
Used for yard projects like using hauling mulch from the local landscaping materials business.
Was thinking of selling and getting something more recent but used.
Now will rethink that.
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My son is still diligently trying to get a new Xbox since Christmas.
Have him follow guys on twitter that announce drops at Best Buy, Target, Walmart, Costco etc. That's how I got one for my son about 4 months ago. Painful, I know.
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Have him follow guys on twitter that announce drops at Best Buy, Target, Walmart, Costco etc. That's how I got one for my son about 4 months ago. Painful, I know.
Thanks! Do you have a handle?
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Thanks! Do you have a handle?
These are a good start
@XBoxStockAlerts
@MattSwider
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Thanks! Do you have a handle?
I got mine in December. Does the kid have Discord? That’s where the real info comes from.
Otherwise, wake up every morning and check Target.com. They restock around 5:30am central.
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Thanks! Do you have a handle?
@PS5Drop
@PS5stockalerts
@lordofrestocks
@PS5stockupdates
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Have an 80s vintage Ford F150.
Used for yard projects like using hauling mulch from the local landscaping materials business.
Was thinking of selling and getting something more recent but used.
Now will rethink that.
Get on the list for a Lightning.
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A little bit of relief?
(https://ecp.yusercontent.com/mail?url=https%3A%2F%2Fwww.emailimagecdnuyi.com%2Fwv5pqjidyn%2Fen_us%2Fimages%2F60e815f6bff98-1625822710.7863.png&t=1625837089&ymreqid=3c8d0d78-3338-e941-1c0b-9a0618012600&sig=SlY1dW.KsfurGHKZE.ZXgg--~D)
The Manheim Used Vehicle Value Index published Thursday showed the price of used vehicles dropped 1.3% in June compared to the prior month. This marked the first month-on-month decline in prices since December.
To be sure, used car prices compared to last year are still quite elevated: in May, prices were up 34.3% year-over-year.
(From Yahoo Finance)
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A little bit of relief?
(https://ecp.yusercontent.com/mail?url=https%3A%2F%2Fwww.emailimagecdnuyi.com%2Fwv5pqjidyn%2Fen_us%2Fimages%2F60e815f6bff98-1625822710.7863.png&t=1625837089&ymreqid=3c8d0d78-3338-e941-1c0b-9a0618012600&sig=SlY1dW.KsfurGHKZE.ZXgg--~D)
The Manheim Used Vehicle Value Index published Thursday showed the price of used vehicles dropped 1.3% in June compared to the prior month. This marked the first month-on-month decline in prices since December.
To be sure, used car prices compared to last year are still quite elevated: in May, prices were up 34.3% year-over-year.
(From Yahoo Finance)
Manheim? Wasn't that the institute in The Naked Gun?
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From Yahoo Finance:
Used car and truck prices rose 10.5% over last month in June, the most on record. New car prices also rose by the most since 1981, increasing 2% month-over-month. These gains in the auto market accounted for more than half of the monthly increase in core CPI, which rose 0.88% last month.
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Bought, or more correctly, leased today.
Had a 2011 Buick Enclave with 127,500 miles on it. Great car, wonderful interior, has served us well. But had a computer meltdown in rural Georgia last month when were returning to the Midwest from Florida, an air conditioning breakdown that would cost $1,500 to fix and recurring transmission and exhaust problems. Sooner or later the brakes were going to need repair as well and that's $1,000. Tires were new.
The deal I got for a 2 year lease and 12,000 miles from Nissan for a Murano Platinum was spectacular. Got somewhere north of 6,000 for the Enclave. Needed the Murano for two years, at which time I'll either turn it back or sell a LaCrosse I own and buy the Murano outright for the residual value.
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$1,000 for brakes?
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$1,000 for brakes?
High maintenance costs for Bentleys, hey?
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$1,000 for brakes?
We just spent about that for all four brakes on my daughter’s Nissan Rogue. Nice car but not a Bentley.
You guys have a less expensive option — I’m all ears.
Had to get it done because she is moving to Denver in two weeks.
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We just spent about that for all four brakes on my daughter’s Nissan Rogue. Nice car but not a Bentley.
You guys have a less expensive option — I’m all ears.
Had to get it done because she is moving to Denver in two weeks.
Drop it off at my place, and I’d be happy to do it for $500. 😀
Seriosly, that’s about $150 in parts.
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I’ve done my own brakes for 25 years.
Brake jobs are one of the biggest rip offs known to mankind.
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If you are talking calipers and rotors, it’s a bit more.
You usually don’t need front and back done at the same time too. They wear at much different rates.
AC is a huge ripoff too. Helps if you have a vacuum pump, which I do. Changed out 3 or 4 compressors over the years.
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We just spent about that for all four brakes on my daughter’s Nissan Rogue. Nice car but not a Bentley.
You guys have a less expensive option — I’m all ears.
Had to get it done because she is moving to Denver in two weeks.
Misread the post. Thought chili had the brake job on the Bentley. ;D
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Just replaced all 4 discs on a minivan for $475. Did not do pads. $1000 seems excessive.
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We just spent about that for all four brakes on my daughter’s Nissan Rogue. Nice car but not a Bentley.
You guys have a less expensive option — I’m all ears.
Had to get it done because she is moving to Denver in two weeks.
RC83 is absolutely right.
Also, that is a TON of things to go wrong on a car at 127k miles... like an obscene amount. Our '13 Mazda CX-5 has 140k and we've changed the brakes twice and the oil every 5k.
Brakes, rotors and calipers should run you around $500 max.I’ve done my own brakes for 25 years.
Brake jobs are one of the biggest rip offs known to mankind.
You ever heard of Take 5 oil change or any of those drive thru ones? A frickin oil change runs like $80+... like WHAT?
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Plenty of good reasons to do your own oil change if you have the tools, knowledge and capability. You know what oil and filter is going in. You make sure the old oil is completely drained. You check the old oil for signs of any potential problems. Lastly, a sense of accomplishment. I doubt Take 5 gives a darn about any of that.
(https://s-media-cache-ak0.pinimg.com/736x/70/80/e1/7080e1daf8b8285f8944448d519b8302.jpg)
Tip of the skullcap to RC.
(http://images3.wikia.nocookie.net/__cb20110730152010/mayberry/images/5/57/GillyandGoober.png)
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AutoNation had outstanding earnings report today, and its CEO says demand for new and used cars should stay hot into 2022.
https://finance.yahoo.com/news/demand-for-new-and-used-cars-seen-staying-hot-into-2022-auto-nation-ceo-121117906.html
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Has anyone ever used Turo before for a car rental? The rates in Hawaii in Dec/Jan are freaking insane.
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Has anyone ever used Turo before for a car rental? The rates in Hawaii in Dec/Jan are freaking insane.
No.
But, I did sell a car to a guy yesterday that is staying at the Ritz in Kapalua the first week of August. His room is like $2,500/night but he is not renting a car while there because those prices were “too expensive.”
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Has anyone ever used Turo before for a car rental? The rates in Hawaii in Dec/Jan are freaking insane.
A few years ago I rented an Audi SQ5 from a guy to tool around Sequoia National Park for a week. He dropped it off in North Hollywood, I drove it like I stole it for a week, then he picked it back up in North Hollywood. Super easy, but a lot like AirBnB your experience will be 95% dependent on your 'host'.
$714 for the week, $70 after the fact for the mileage true-up. I made the owner aware that I'd be over on miles beforehand to set expectations.
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AutoNation had outstanding earnings report today, and its CEO says demand for new and used cars should stay hot into 2022.
https://finance.yahoo.com/news/demand-for-new-and-used-cars-seen-staying-hot-into-2022-auto-nation-ceo-121117906.html
Scoopers should only invest in Advanced Auto Parts. Shill elsewhere, 82.
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Scoopers should only invest in Advanced Auto Parts. Shill elsewhere, 82.
Bo Ryan prefers AutoZone.
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No.
But, I did sell a car to a guy yesterday that is staying at the Ritz in Kapalua the first week of August. His room is like $2,500/night but he is not renting a car while there because those prices were “too expensive.”
Wow. Do you live in Maui?
It may actually be cheaper to ship a car from California to Kona believe it or not. I'm a bit concerned about the insurance from Turo but honestly don't know much about it.
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Wow. Do you live in Maui?
No, Western Suburbs of Chicago, (but just as tropical).
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It’s brutal. Found a really nice 2020 Hyundai Ioniq the all electric one. Only 300 miles on it but had a manufacturer buy back.
Despite the buy back, dealer wouldn’t come down a penny from the asking price. And honestly, I believed them when they said someone would buy it for that price.
Disappointed, really nice option if you’re looking for an electric and don’t wanna shell out for a Tesla.
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I have a 2010 Accord with 219K miles on it. Is asking $30K too low?
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It’s brutal. Found a really nice 2020 Hyundai Ioniq the all electric one. Only 300 miles on it but had a manufacturer buy back.
Despite the buy back, dealer wouldn’t come down a penny from the asking price. And honestly, I believed them when they said someone would buy it for that price.
Disappointed, really nice option if you’re looking for an electric and don’t wanna shell out for a Tesla.
I was looking at a WRX with a buyback. I think the car was only about $3000 below asking price for a non-buyback model. I made an offer and the dealer reduced the price by $250. I walked away. It's been over 3 weeks and that's been the dealer's only price reduction.
After thinking it over and doing a little research I decided not to go the buyback route. Too risky especially for such a minimal reduction.
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After thinking it over and doing a little research I decided not to go the buyback route. Too risky especially for such a minimal reduction.
I’ve sold a few vehicles as “pre-owned” vehicles which were buy-backs, including one vehicle that had a whole new head because the original was “porous,” to a friend of mine.
I let my friend now absolutely everything, and was able to give him a great deal and let him make the decision. He moved out-of-state, but as far as I know is driving the vehicle several years later.
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Has anyone ever used Turo before for a car rental? The rates in Hawaii in Dec/Jan are freaking insane.
That is everywhere, not just Hawaii. Car Rental companies sold off their cars during Covid, and they have no inventory. Now mix that with a lack of cars everywhere and this is where we are. Glad I bought in Sept of last year.
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That is everywhere, not just Hawaii. Car Rental companies sold off their cars during Covid, and they have no inventory. Now mix that with a lack of cars everywhere and this is where we are. Glad I bought in Sept of last year.
It's everywhere but not to this degree. We're talking $200 a day min for a midsize car in Kona over Dec/Jan not including tax. .
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It's everywhere but not to this degree. We're talking $200 a day min for a midsize car in Kona over Dec/Jan not including tax. .
We heard stories of $600/day in Maui when we were there in April. It was less than $400/week when we booked our car in advance. People were renting UHauls to get around the island.
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We heard stories of $600/day in Maui when we were there in April. It was less than $400/week when we booked our car in advance. People were renting UHauls to get around the island.
$400 a week is pretty normal....although Maui may be more than the Big Island. I'm seeing $1400 a week pre-pay. I shouldn't complain because I have free housing but I refuse to get robbed.
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We're going to St. Croix this winter. I'm glad I booked our rental car way in advance. I thought $500 was outrageous, but that was before I heard about all these astronomical prices. Now I'm feeling like we got in relatively cheap.
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We're going to St. Croix this winter. I'm glad I booked our rental car way in advance. I thought $500 was outrageous, but that was before I heard about all these astronomical prices. Now I'm feeling like we got in relatively cheap.
Have you been to the USVI before? I was semi looking at St. Croix and also Turks and Caicos and then Covid hit. St. Croix looks much more reasonable than most of the Carribean and not particularly touristy but I dunno. Maybe you can spot the next Timmy D and steer him to Marquette?
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Have you been to the USVI before? I was semi looking at St. Croix and also Turks and Caicos and then Covid hit. St. Croix looks much more reasonable than most of the Carribean and not particularly touristy but I dunno. Maybe you can spot the next Timmy D and steer him to Marquette?
We've been to St. John and St. Thomas. Really loved St. John, and liked St. Thomas just fine. A friend convinced us to give St. Croix a try, so we'll see. I mean, it's gonna be sunny and 80+ every day in the middle of the winter, so that alone will make it great.
I'll keep my eye out for Tim Duncan Jr.
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We've been to St. John and St. Thomas. Really loved St. John, and liked St. Thomas just fine. A friend convinced us to give St. Croix a try, so we'll see. I mean, it's gonna be sunny and 80+ every day in the middle of the winter, so that alone will make it great.
I'll keep my eye out for Tim Duncan Jr.
I saw a sweet airbandb/vrbo there with a private pool and basically your own beach. It was pretty damn reasonable compared to other spots in the Carribean. Ya....perfect weather there that time of year. Maybe I'll look at Fiji at some point down the road.
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We've been to St. John and St. Thomas. Really loved St. John, and liked St. Thomas just fine.
Agree with this, St. Thomas is fine but St. John nicer. Fortunately the ferry between the two is frequent and not too expensive ($50 roundtrip).
Rental cars were tough to come by, expect to pay ~$100/day but you'll need to book early--very early. Some people get around by taxi but it is really hard to explore that way.
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I saw a sweet airbandb/vrbo there with a private pool and basically your own beach. It was pretty damn reasonable compared to other spots in the Carribean. Ya....perfect weather there that time of year. Maybe I'll look at Fiji at some point down the road.
We got a beachfront condo with a pool for the entire complex. It's nice.
Rental cars were tough to come by, expect to pay ~$100/day but you'll need to book early--very early. Some people get around by taxi but it is really hard to explore that way.
We already got our car, thank goodness. When I heard that they drive on the "wrong side" of the road in St. Croix, I contemplated skipping the car and doing Uber for everything, but then I saw that they don't allow Uber/Lyft there and cabs are super-expensive ... plus one of the other people in our group is from England and knows how to drive with those rules, so we got the car.
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We already got our car, thank goodness. When I heard that they drive on the "wrong side" of the road in St. Croix, I contemplated skipping the car and doing Uber for everything, but then I saw that they don't allow Uber/Lyft there and cabs are super-expensive ... plus one of the other people in our group is from England and knows how to drive with those rules, so we got the car.
Yeah, they drive on the other side, and they also use U.S. cars which have the steering well on the "normal" side, so as a driver you are basically driving from the ditch. However, because the roads are so narrow, it really wasn't an issue, we didn't feel like we were that far away from the center line.
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Yeah, they drive on the other side, and they also use U.S. cars which have the steering well on the "normal" side, so as a driver you are basically driving from the ditch. However, because the roads are so narrow, it really wasn't an issue, we didn't feel like we were that far away from the center line.
Interesting. Glad I won't be doing the driving!
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I’ve done my own brakes for 25 years.
Brake jobs are one of the biggest rip offs known to mankind.
God Love You Brother Chili.
If lived in Twin Cities or in Lake Nebagamon, I'd be at Brother Chili's Auto Repair faster than you could say, "caught any walleye lately!"
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God Love You Brother Chili.
If lived in Twin Cities or in Lake Nebagamon, I'd be at Brother Chili's Auto Repair faster than you could say, "caught any walleye lately!"
Come for the brake job, stay for the brisket.
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Interesting. Glad I won't be doing the driving!
You will need to figure this out, and quickly. Remember you have some recruiting to do.
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Driving British is so easy. The pedals are the same. The gear shift is the same. Just on the Right side of the road, which I guess would scare the crap out of some.
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Driving British is so easy. The pedals are the same. The gear shift is the same. Just on the Right side of the road, which I guess would scare the crap out of some.
Stick shift is on your left side. :)
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Stick shift is on your left side. :)
1-5 and reverse is the same.
What, you didn't have a car with the shifter in the door?
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I’ve sold a few vehicles as “pre-owned” vehicles which were buy-backs, including one vehicle that had a whole new head because the original was “porous,” to a friend of mine.
I let my friend now absolutely everything, and was able to give him a great deal and let him make the decision. He moved out-of-state, but as far as I know is driving the vehicle several years later.
If I could get details about WHY it was a buyback and what, if anything, was done to remediate it I'd consider it. Buying blind? No thanks.
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Driving British is so easy. The pedals are the same. The gear shift is the same. Just on the Right side of the road, which I guess would scare the crap out of some.
I drove St. Thomas several times. I just had my co-pilot remind me that right turns are the ones you have to worry about oncoming traffic. She did a very thorough job.
(https://media.tenor.com/images/f9ecddb7a6615decddde607929007619/tenor.gif)
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I have a 2010 Accord with 219K miles on it. Is asking $30K too low?
My friend told me yesterday that he could sell his Audi that he bought used in the beginning of the year and make a profit on it.
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Sleepy J now sez dat car prices ar back to pre-covid levels...lol, aina?
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My friend told me yesterday that he could sell his Audi that he bought used in the beginning of the year and make a profit on it.
But unless he plans to start walking everywhere, he'd have to buy another vehicle that is now higher-priced.
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Anyone ever purchase from or have an experience with offleaseonly? I know you have to watch the title and history of their vehicles but they still have some pretty good deals. Thanks.
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Anyone ever purchase from or have an experience with offleaseonly? I know you have to watch the title and history of their vehicles but they still have some pretty good deals. Thanks.
We’re dead at the dealership, so just now I looked at the first six “Manager’s Picks.,” and two have had their airbags deployed. Three of them aren’t even “off lease.”
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Thanks for this thread - looks like i can buy my lease out for 10k less than the current used market price and forgo 9 lease payments left. Crazy
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Thanks for this thread - looks like i can buy my lease out for 10k less than the current used market price and forgo 9 lease payments left. Crazy
I do not know of a way to buy your own lease and waive remaining payments.
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Sleepy J now sez dat car prices ar back to pre-covid levels...lol, aina?
He should be more of a big man and encourage a boycott of Harley Davidson, nu?
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But unless he plans to start walking everywhere, he'd have to buy another vehicle that is now higher-priced.
yeah that's the trick. We keep getting flooded with mail from the dealer to buy back our '18 Camry and '18 CX9 and it's like "well, sure if we could forego vehicle ownership for a year while the market regains sanity, but alas."
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I do not know of a way to buy your own lease and waive remaining payments.
Maybe dealership rolled the payments into the loan for the lease buyout? So, not actually forgoing/waiving payments
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We’re dead at the dealership, so just now I looked at the first six “Manager’s Picks.,” and two have had their airbags deployed. Three of them aren’t even “off lease.”
I’ve seen OffLeaseOnly down in Florida and the bulk of their cars have been in some type of accident.
Pass
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My friend told me yesterday that he could sell his Audi that he bought used in the beginning of the year and make a profit on it.
In January 2011, we bought a 2009 Hyundai Elantra that had low miles and was still under warranty. We decided we wanted something a little bigger and sold it that August ... and got about $1,500 more than we paid for it -- which was a first for me in all my years of car-ownership. At the time, gas prices had spiked and fuel-efficient cars were going at premium value.
That's kind of what now reminds me of ... except it applies to pretty much all used vehicles, and gas prices have nothing to do with it.
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My lease is through Ally - their website gives a buyout option at the current moment of time - i assume its some combo of the residual value and remaining payments.
I do not know of a way to buy your own lease and waive remaining payments.
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My lease is through Ally - their website gives a buyout option at the current moment of time - i assume its some combo of the residual value abs remaining payments.
Now I get it. Thanks.
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I just did a shallow dive into the used car market for one of my employees who is looking for a car...
The prices are absolutely brutal. 10k for a 15 year old crossover suv with 200k miles? yikes.
And the inventory... it's awful as well.
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I just did a shallow dive into the used car market for one of my employees who is looking for a car...
The prices are absolutely brutal. 10k for a 15 year old crossover suv with 200k miles? yikes.
And the inventory... it's awful as well.
Prices are brutal across the board. I consistently have friends and neighbors looking for a “nice $10k-$12k” for their kid; I’m embarrassed to tell them what they can now get for that price range.
The awfulness of the “used car inventory” is very much dependent on where you’re looking. We have several nice, low mileage recent model-year cars still under warranty. We have a gorgeous, 40k mile 10 year-old Avalon. The ‘15 Yukon I sold last night was extra clean. Our used car inventory is fine; it’s just all these cars cost a billion dollars.
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Prices are brutal across the board. I consistently have friends and neighbors looking for a “nice $10k-$12k” for their kid; I’m embarrassed to tell them what they can now get for that price range.
The awfulness of the “used car inventory” is very much dependent on where you’re looking. We have several nice, low mileage recent model-year cars still under warranty. We have a gorgeous, 40k mile 10 year-old Avalon. The ‘15 Yukon I sold last night was extra clean. Our used car inventory is fine; it’s just all these cars cost a billion dollars.
She's looking for a smaller SUV with reasonable mileage for 10k or so in the Madison area. She knows very little about autos, and doesn't want to get screwed. While she's been looking, she has caught and pointed out the shady behavior she has seen. I do not envy her position.
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She's looking for a smaller SUV with reasonable mileage for 10k or so in the Madison area.
We are retailing cars for $10k that last year we would’ve sold to a wholesaler for $6k. In the Chicagoland area, FWIW, that’s a near impossible pricepoint for a reasonably-decent vehicle.
What last year sold for $38k sells this year for closer to $50k. What sells this year for $10k was last year’s garbage.
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We are retailing cars for $10k that last year we would’ve sold to a wholesaler for $6k. In the Chicagoland area, FWIW, that’s a near impossible pricepoint for a reasonably-decent vehicle.
Yeah, unfortunately for her, she is coming to that realization. She has also waited until her current vehicle is on its last 100 miles without major repairs. I wish I had better advice for her.
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Yeah, unfortunately for her, she is coming to that realization. She has also waited until her current vehicle is on its last 100 miles without major repairs. I wish I had better advice for her.
Put half of the $10k down, finance for 84 months and get a new Buick. She’s got a good job.
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Put half of the $10k down, finance for 84 months and get a new Buick. She’s got a good job.
Haha, your bias is showing! But she does own a 98 (I think) Buick. 84 months is sooooooooooooo much interest.
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Haha, your bias is showing! But she does own a 98 (I think) Buick. 84 months is sooooooooooooo much interest.
I’d normally also say “or get a new GMC,” but we only have like 2 of them, and I’m getting sick of looking up the ETAs of our next Terrain, Acadia, etc.
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Haha, your bias is showing! But she does own a 98 (I think) Buick. 84 months is sooooooooooooo much interest.
IMO, anyone who finances a car for 84 months is a dope. You are going to be upside down on that loan for most of the vehicle's life. Hope it never gets totalled.
Get a car for which you can afford the payments on a 36-month loan.
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Had service work at the Honda dealer today.
Lot almost void of new cars.
Keep yours in good working order.
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We find ourselves in the unusual position that we could probably part with a car without too much inconvenience. My wife and I each have a car and we have a CR-V that our kids drive. We bought the CR-V used just before COVID hit (it probably would have been much cheaper if we'd waited a few weeks). With my youngest starting college in a few weeks, we're going to have a car sitting unused. We never let our older kids take a car to college and we're not inclined to start now. I'm already planning to drive the CR-V on snowy days because my car doesn't do particularly well in snow.
With prices being where they are, I'm beginning to consider selling my 2013 Altima. It's got a lot of miles (175k or so) but it is very clean (probably 98% of its miles have been with only the driver). Looking at Kelly's, it may be worth somewhere in the neighborhood of $4200 to a dealer and $6200 in private sale. Hmmm...
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She's looking for a smaller SUV with reasonable mileage for 10k or so in the Madison area. She knows very little about autos, and doesn't want to get screwed. While she's been looking, she has caught and pointed out the shady behavior she has seen. I do not envy her position.
A good place to look in Madison is for international grad students that are moving back home looking to sell. Eagle Heights or University Houses sign boards.
Don't know how many international grad students are still coming, but it's a good source for private purchase. Caveat emptor.
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IMO, anyone who finances a car for 84 months is a dope. You are going to be upside down on that loan for most of the vehicle's life. Hope it never gets totalled.
Get a car for which you can afford the payments on a 36-month loan.
Not upside down if you put a big enough down payment.
Regardless, there can be reasons for going long term on your payments if someone has trouble affording a car. For example, do they have high credit card debt? Getting a newerish reliable car at 72/84 months for less than 2% interest rate may be a good idea so they can put the rest of that "would be" payment at 36 months towards their 24% interest credit cards. At that point, paying gap insurance on top of their long term loan would still leave them far better off with a lower payment so they can pay other debt.
Now... if they're doing it just so they can afford that entry level BMW that's out of their range... well, I can't speak to that. ;D
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A good place to look in Madison is for international grad students that are moving back home looking to sell. Eagle Heights or University Houses sign boards.
Don't know how many international grad students are still coming, but it's a good source for private purchase. Caveat emptor.
That a good idea. I'll pass it along to her, thanks!
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We find ourselves in the unusual position that we could probably part with a car without too much inconvenience. My wife and I each have a car and we have a CR-V that our kids drive. We bought the CR-V used just before COVID hit (it probably would have been much cheaper if we'd waited a few weeks). With my youngest starting college in a few weeks, we're going to have a car sitting unused. We never let our older kids take a car to college and we're not inclined to start now. I'm already planning to drive the CR-V on snowy days because my car doesn't do particularly well in snow.
With prices being where they are, I'm beginning to consider selling my 2013 Altima. It's got a lot of miles (175k or so) but it is very clean (probably 98% of its miles have been with only the driver). Looking at Kelly's, it may be worth somewhere in the neighborhood of $4200 to a dealer and $6200 in private sale. Hmmm...
My experience with my 2005 Audi was the KBB prices were much lower than dealerships offered. They are desperate and you will probably get more than you think.
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We find ourselves in the unusual position that we could probably part with a car without too much inconvenience. My wife and I each have a car and we have a CR-V that our kids drive. We bought the CR-V used just before COVID hit (it probably would have been much cheaper if we'd waited a few weeks). With my youngest starting college in a few weeks, we're going to have a car sitting unused. We never let our older kids take a car to college and we're not inclined to start now. I'm already planning to drive the CR-V on snowy days because my car doesn't do particularly well in snow.
With prices being where they are, I'm beginning to consider selling my 2013 Altima. It's got a lot of miles (175k or so) but it is very clean (probably 98% of its miles have been with only the driver). Looking at Kelly's, it may be worth somewhere in the neighborhood of $4200 to a dealer and $6200 in private sale. Hmmm...
I just got a new car and instead of trading in my old car I sold it to Carvana. I went to a handful of dealers that were doing cash offers for used cars and I checked pricing with Carmax and Carvana. Carmax and Carvana offered me thousands more than the regular dealers. The process was also extremely easy and quick. I'd do that again in a heartbeat. Made buying the new car so much easier since I didn't have to deal with the trade in on top of the purchase (although that cost me a little bit on sales tax, the higher offer from Carvana made up for it many times over).
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I just got a new car and instead of trading in my old car I sold it to Carvana. I went to a handful of dealers that were doing cash offers for used cars and I checked pricing with Carmax and Carvana. Carmax and Carvana offered me thousands more than the regular dealers. The process was also extremely easy and quick. I'd do that again in a heartbeat. Made buying the new car so much easier since I didn't have to deal with the trade in on top of the purchase (although that cost me a little bit on sales tax, the higher offer from Carvana made up for it many times over).
The Carvana offer my my car was a couple thousand dollars less than what KBB said it was worth -- just $2500.
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I just thought I'd share this because we were discussing rental car rates. A friend of mine is a professor at Cal-Berkeley. She and her fiance are going to Maui over Christmas for two weeks. Through their rental car contract she got a car for $165 a week in lieu of $1400. I guess this isn't uncommon for State University employees. I was flabbergasted and am now thinking of kidnapping her before future travel plans. :)
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I just thought I'd share this because we were discussing rental car rates. A friend of mine is a professor at Cal-Berkeley. She and her fiance are going to Maui over Christmas for two weeks. Through their rental car contract she got a car for $165 a week in lieu of $1400. I guess this isn't uncommon for State University employees. I was flabbergasted and am now thinking of kidnapping her before future travel plans. :)
If this is personal travel, that is likely not allowed under this contract...but people do it all of the time. Just hope she doesn't have an accident because they may end up personally liable.
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If this is personal travel, that is likely not allowed under this contract...but people do it all of the time. Just hope she doesn't have an accident because they may end up personally liable.
I guess I hadn't thought of that...good point.
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The Carvana offer my my car was a couple thousand dollars less than what KBB said it was worth -- just $2500.
I have heard, anecdotally, that Carvana overpays for newer-model vehicles and underpays for older vehicles.
We are not making many friends when people come into the dealership and are only selling their vehicles, (instead of trading in on a purchase). I think the general public thinks we are desperate for any vehicles; what we really need are new vehicles from the factory.
If we can’t sell your used vehicle for a nice profit quickly we have no need for it.
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I have heard, anecdotally, that Carvana overpays for newer-model vehicles and underpays for older vehicles.
We are not making many friends when people come into the dealership and are only selling their vehicles, (instead of trading in on a purchase). I think the general public thinks we are desperate for any vehicles; what we really need are new vehicles from the factory.
If we can’t sell your used vehicle for a nice profit quickly we have no need for it.
In my case I think it was the miles. It was a clean (but not perfect, with one good ding on rear bumper) 2013 Chevy Malibu LTZ with every option available and about 84k miles. KBB was low/mid 7k range which is around what most dealers offered. Carmax was $9,100 and Carvana was $9,600.
I think KBB actually went up since then... so perhaps the new companies are more trend setters than followers?
Either way, it was nice to have the car gone so easy and money in the bank by the next morning.
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I have heard, anecdotally, that Carvana overpays for newer-model vehicles and underpays for older vehicles.
We are not making many friends when people come into the dealership and are only selling their vehicles, (instead of trading in on a purchase). I think the general public thinks we are desperate for any vehicles; what we really need are new vehicles from the factory.
If we can’t sell your used vehicle for a nice profit quickly we have no need for it.
I only think my local dealer is desperate for both of our cars because we get 5-10 letters and/or emails a week telling us how desperate they are for our cars!
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I only think my local dealer is desperate for both of our cars because we get 5-10 letters and/or emails a week telling us how desperate they are for our cars!
Ha! True!
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I only think my local dealer is desperate for both of our cars because we get 5-10 letters and/or emails a week telling us how desperate they are for our cars!
I get it. We don’t have a BDC department with the singular goal to get people in the door, so all those tasks fall on salesmen.
While I’ve never actually called, our software provides templates. “We have a customer specifically interested in a (your year, make, model). Would you considering stopping by the dealership for a free, no-hassle appraisal?”
It’s just all so artificial. Nobody is looking for your 15 year-old car that you think is in good shape because a lot of the 18k miles/year we’re driving your kid to college. Somebody will settle and eventually buy it, but nobody is looking for it.
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I get it. We don’t have a BDC department with the singular goal to get people in the door, so all those tasks fall on salesmen.
While I’ve never actually called, our software provides templates. “We have a customer specifically interested in a (your year, make, model). Would you considering stopping by the dealership for a free, no-hassle appraisal?”
It’s just all so artificial. Nobody is looking for your 15 year-old car that you think is in good shape because a lot of the 18k miles/year we’re driving your kid to college. Somebody will settle and eventually buy it, but nobody is looking for it.
And I totally understand that.
In our case, I really do think dealers and others would very much like our cars, and I'm actually just about ready to sell one of them. But I'm not sure yet what replacement vehicle I'd buy ... and, when I do decide, if what I'd want would be available.
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I'm so glad we don't need a car anytime soon.
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I get it. We don’t have a BDC department with the singular goal to get people in the door, so all those tasks fall on salesmen.
While I’ve never actually called, our software provides templates. “We have a customer specifically interested in a (your year, make, model). Would you considering stopping by the dealership for a free, no-hassle appraisal?”
It’s just all so artificial. Nobody is looking for your 15 year-old car that you think is in good shape because a lot of the 18k miles/year we’re driving your kid to college. Somebody will settle and eventually buy it, but nobody is looking for it.
Hey WIC1, I sent you a PM the other day. Not sure you saw it. Just checking.
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I’ve never been pm’d before. Very exciting. Unless I don’t know what I’m doing, I should have just responded. Let me know here if I’m doing this wrong.
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According to inflation numbers out today ...
The index for used cars increased in July, but the 0.2% rise is much lower than in recent months.
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A pretty good article about the July numbers.
https://www.msn.com/en-us/money/markets/used-car-prices-are-finally-cooling-off-but-it-still-wont-be-easy-to-buy-one/ar-AANcE6g
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Yea it’s certainly settling. The car that I was looking at where the dealer said “Someone will buy it at this sticker price” is already down 2,000 from that price in just two weeks.
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Dang. I guess I missed my prime selling window. Oh well ... I wasn't ready to buy yet, and there's no way to get by without a car in Charlotte unless you're right downtown (which we're not).
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Our new ride gets here in 3-4 weeks, just need the market not to burst before that
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Our new ride gets here in 3-4 weeks, just need the market not to burst before that
10 yr old vehicle with +110K miles and I received ~28% of what I originally paid for it on a trade-in where the the trade-in was not part of the original purchase price negotiation.....and Carvana quoted $750 higher than the dealer offer.
Sample of one but it seems there's still some value in selling used vehicles.