Breaking the Rules my vehicles are appreciating in value ( for the time being)

DonYukon

DonYukon

Well-Known Member
Joined
Mar 15, 2021
Location
Fayetteville
So back in December I bought a brand new 2500 Silverado LT at employee pricing for 47k Sticker 54K-55k ish . fast forward to today, while calling to see if a recent recall affected my vehicle the sales guy offered me 57K for it... I was kinda taken back. Now I knew about the chip shortage and the scarcity of the new 2500 as I drove to Rockinham to get mine after struggling to find it within a 400 mile radius , but didn't think this would justify a increase for a now used truck OVER sticker price. Turns out after doing some Research These trucks as many others not just Chevys but fords, dodges and even my wife's 2020 blazer RS have appreciated in value by a lot. Turns out KBB values my truck at a 62-66K (private party sale). I called a friend of mine that works at a dodge dealer and he told me pay attention to the Lots now most dealers are parking vehicles angled taking up 2-3 spaces so it doesn't look so empty. and he was right seen two examples of that today. found one truck a "custom" trim level for those who dont know a step above base selling for 55k with 6k more miles than mine. Its unreal.

Thought Id share as this breaks all the rules of buying new vehicles and usually watching their values in the first year or 2 plummet. even though it may only be temporary

truckkk.jpg
 
But if you need a truck, you're going to have to buy high too... I've compared it to the housing market. Yes you could sell and make a fortune on your current house, but unless you have somewhere else to live you're buying high.

My 2015 Sierra with 96,000 miles on it is currently worth about $7k less than I paid for it new. Not bad depreciation for 6 years of use...
 
It was a bubble until they went ahead and printed some more bubbles.
 
This is definitely a thing. Carvana is paying ridiculous money for used vehs.

Like already stated, unless it’s a veh you don’t need, replacing it might be problematic.
 
Consider selling via Carvana and Vroom. Carvana offered me more than I paid for my JLUR and Vroom offered me even more than Carvana. If I hadn’t spent 16 months looking for my JLUR and tons of time setting it up to tow behind the RV, I would have sold it already.
 
I saw an F250 posted in the Godzilla group I follow for $68K and I'm pretty sure sticker on it was closer to $55 - $58. IF I saw one more equipped like I wanted on a lot I'd go fishing for sure....
 
DonYukon said:
So back in December I bought a brand new 2500 Silverado LT at employee pricing for 47k Sticker 54K-55k ish . fast forward to today, while calling to see if a recent recall affected my vehicle the sales guy offered me 57K for it... I was kinda taken back. Now I knew about the chip shortage and the scarcity of the new 2500 as I drove to Rockinham to get mine after struggling to find it within a 400 mile radius , but didn't think this would justify a increase for a now used truck OVER sticker price. Turns out after doing some Research These trucks as many others not just Chevys but fords, dodges and even my wife's 2020 blazer RS have appreciated in value by a lot. Turns out KBB values my truck at a 62-66K (private party sale). I called a friend of mine that works at a dodge dealer and he told me pay attention to the Lots now most dealers are parking vehicles angled taking up 2-3 spaces so it doesn't look so empty. and he was right seen two examples of that today. found one truck a "custom" trim level for those who dont know a step above base selling for 55k with 6k more miles than mine. Its unreal.

Thought Id share as this breaks all the rules of buying new vehicles and usually watching their values in the first year or 2 plummet. even though it may only be temporary

View attachment 348313
Click to expand...
Sell it and buy something that's not ugly.

Win/Win!
 
Unemployment benefits expire come September...I'm thinking by March the market will flood with vehicles that folks can't carry the note on any more. With any luck, the 'microchip shortage' will clear up by then too and further deflate the 2-3 year old vehicle market.
 
LBarr2002 said:
But if you need a truck, you're going to have to buy high too... I've compared it to the housing market. Yes you could sell and make a fortune on your current house, but unless you have somewhere else to live you're buying high.

My 2015 Sierra with 96,000 miles on it is currently worth about $7k less than I paid for it new. Not bad depreciation for 6 years of use...
Click to expand...
If he needs a truck, I've got a "well broekn in" 93 Toy w/ only 85k miles I'll happily sell him for only, say, $5k, which he'd easily have on hand from returning his ;-)
 
shawn said:
Sell it and buy something that's not ugly.

Win/Win!
Click to expand...

hey I like my truck lol . Honestly out of all the medium duty trucks it does look the best IMO. The F250s headlights are the size of a VW Bug and there is more taillight on the side of them then the back . the Dodges front grille is just :poop:. Out of all the 2020+ trucks IMO the chevy looks the best, I do like the GMCs but as mentioned above you can't find them at the moment.

I would sell but as also stated just like the housing market sure Id make money but Id spend the same money to get it what I need
 
ponykilr said:
This is definitely a thing. Carvana is paying ridiculous money for used vehs.

Like already stated, unless it’s a veh you don’t need, replacing it might be problematic.
Click to expand...

Yea talked to a customer today that sold his 2020 Tahoe for 6 thousand more than he bought it for. he got lucky as they had some kind of family emergency and couldn't afford the truck anymore. you usually take a loss
 
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