What are the advantages of buying used right now?

[Boblay]

https://www.keyeshonda.com/inventory/Used-2021-Toyota-GR_Supra-WZ1DB0C04MW036916/ they listed my Supra close to the same price as a CF. Doubt they gonna get this much tbh, but shows how crazy prices are rn

Sponsored

 

[Grady60]

There aren’t gonna be a lot of “bargains.” Even the GR86s are being marked up $5k plus, and there aren’t that many of them yet.

 

[hotsaucewizard]

The used car market is awful right now for buyers. Your best bet would be to wait until the new car market stabilizes... but I've been guilty of just buying shit anyway sometimes ?‍

 

[synolimit]

zero. when the market crashes you're SOL.

 

[zrk]

zero. when the market crashes you're SOL.

This doesn't even make sense. That's like saying, "Don't buy anything because it will come down in price."

There are a few reasons why getting a 2020/early 21 is better. Tuning w/o Russia is one, probably.

 

[synolimit]

This doesn't even make sense. That's like saying, "Don't buy anything because it will come down in price."

There are a few reasons why getting a 2020/early 21 is better. Tuning w/o Russia is one, probably.

how does that not make sense? cars have been a depreciating asset for 100 years. its only in the last 1 they've appreciated. so why bend over and take it up where the sun don't shine and go even more into debt or negative equity than you have to when the market corrects itself?? I've never bought a used car at retail! and even then when I sell it, im lucky to break even. buy a used car now $5-$10k over retail and be prepared to get hosed soon!

 

[zrk]

how does that not make sense? cars have been a depreciating asset for 100 years. its only in the last 1 they've appreciated. so why bend over and take it up where the sun don't shine and go even more into debt or negative equity than you have to when the market corrects itself?? I've never bought a used car at retail! and even then when I sell it, im lucky to break even. buy a used car now $5-$10k over retail and be prepared to get hosed soon!

There are reasons that aren't money? Cars aren't an investment. They're a depreciating asset.


Potential advantages to buying used:

* Avoid Russia
* Avoid annoying break-in period
* Possibility of some cheap/free cosmetic mods that you might do yourself
* Lower compression on the 2020s
* Burbles (if that's your thing...) on the 2020
* There are more top mount kits for the 2-port
* Immediate Availability/color option (Downshift Blue ?)

I have no idea why you're comparing 'what you might sell your car for in the future' with 'what should I buy now.'

From a financial standpoint.. who cares? It's a sports car. Buy what you want for now.

 

[synolimit]

There are reasons that aren't money? Cars aren't an investment. They're a depreciating asset.


Potential advantages to buying used:

* Avoid Russia
* Avoid annoying break-in period
* Possibility of some cheap/free cosmetic mods that you might do yourself
* Lower compression on the 2020s
* Burbles (if that's your thing...) on the 2020
* There are more top mount kits for the 2-port
* Immediate Availability/color option (Downshift Blue ?)

I have no idea why you're comparing 'what you might sell your car for in the future' with 'what should I buy now.'

From a financial standpoint.. who cares? It's a sports car. Buy what you want for now.

lol is there an echo in here?

because who keeps a car and wants to own it WAY over priced cash, monthly, or getting spanked when you sell it? think!

 

[zrk]

because who keeps a car and wants to own it WAY over priced cash, monthly, or getting spanked when you sell it? think!

Lots of people. Lots of people buy what they want because they want it. Not because of the price tag. There are a whole lot of people that don't think about cars (or money) the way you do. A lot of folks are going to are their drag race their car into pure death, me included. Personally, I'll likely never sell the Supra. I rarely sell cars. Just keep adding to the garage until they blow the fuck up, then get whatever I can for parts.

Your only thought is "resell," which is fine-- not everyone's is. If I want something, I buy it, I don't really care much what it costs. I don't buy things thinking, "hrm there's equity in this maybe," outside of investments, which a car certainly isn't.

OPs question was, "What are the advantages to buying used." Your response of "No." is objectively incorrect. When the market crashes... which it certainly will, I don't think any of our cars will stop working. We won't be "SOL." We'll still have the thing we wanted. You're only "SOL" if you bought the car with the intentional of making a profit on it-- which is insanity no matter how you slice it.

 

[handsoffsam]

Lots of people. Lots of people buy what they want because they want it. Not because of the price tag. There are a whole lot of people that don't think about cars (or money) the way you do. A lot of folks are going to are their drag race their car into pure death, me included. Personally, I'll likely never sell the Supra. I rarely sell cars. Just keep adding to the garage until they blow the fuck up, then get whatever I can for parts.

Your only thought is "resell," which is fine-- not everyone's is. If I want something, I buy it, I don't really care much what it costs. I don't buy things thinking, "hrm there's equity in this maybe," outside of investments, which a car certainly isn't.

OPs question was, "What are the advantages to buying used." Your response of "No." is objectively incorrect. When the market crashes... which it certainly will, I don't think any of our cars will stop working. We won't be "SOL." We'll still have the thing we wanted. You're only "SOL" if you bought the car with the intentional of making a profit on it-- which is insanity no matter how you slice it.

 

[B58_ hwAyaq]

Not sure what it's like where you live, but from what I can see around here all dealerships are marking up new supras 10k over msrp. So a used one might make sense there, because finding one at msrp isn't an easy task (so it seems to me so far).

I do feel bad for people that pay that when this whole car bubble pops and they are left owing a lot more than their car is worth.

zero. when the market crashes you're SOL.

Bubbles form when there’s excessive speculation. This isn’t tulips, tech stocks, or real estate.

The current prices are due to a lack of supply. (Most) People aren’t buying more car (or cars) then they can afford hoping to flip and profit.

It’s reasonable to assume that supply will increase at some point and the market will gradually move towards a point closer to what it was (maybe not completely as some OEMs have talked about withholding supply for profitability). However, there’s no indication that magically there will be a ton of supply and values will crash overnight like tulips, tech stocks, and real estate.

Want to tune? Buy used (do your due diligence on the car) or add $x,xxx to your new car price and the time to deal with Russia.

Don’t be afraid of prior mods, but do your research on what maintenance was completed and what risks what mods can cause. Don’t sweat cosmetics if all the maintenance has been done on time or better. Run away from a stage 2 car with a blank carfax (or no service records).

 

[Cptnslo]

https://www.keyeshonda.com/inventory/Used-2021-Toyota-GR_Supra-WZ1DB0C04MW036916/ they listed my Supra close to the same price as a CF. Doubt they gonna get this much tbh, but shows how crazy prices are rn

Lmao that’s actually 4k MORE then a brand new CF edition that was here in KY

 

[romanLegion9574]

do your due diligence on the car

Come to think of it, it may no longer be a stretch to try to see if there's a social media presence for the car and see if previous owners were ever putting strain on the car, like street racing or drifting.

 

[LinkMK5]

If you want a sound financial decision, buy a house, or invest in an index fund. When it comes to cars, just have a dollar amount you won’t go over, and answer some key questions, can I cover monthly payment? Is the financing sane? Do I want the car? Can my money better be served somewhere else (answer is always yes but can I live with parking funds in a depreciating asset)? Am I buying this to turn around and sell it? Do I love the car?

If you’re up to your eyeballs in debt and are on the rent treadmill, then maybe buying a car during one of the most expensive points in history isn’t a good idea. But assuming that you’re relatively stable in life, why not? I’ve buried enough of my friends who died with their whole life ahead of them to put things off for when I’m 50/60.

If you can’t find a dealer that has the car you want, or won’t not charge insane markup, buy it used if it hasn’t been flogged to a silly degree. Personally, I don’t trust anyone else to do break in correctly so I’d rather pay extra to be the first owner, but YMMV.

 

[mmspider]

Only advantage would be you can get the car right now. I do believe you will regret buying used right now and holding on to the car over the next couple of years.

Sponsored