[2022M4COMP]

So I strolled into my local dealer today to find an 17 AMG GT, not just any AMG GT though, this is the same car I passed up in March of 2020 right before the pandemic started.

At that time the car was going for $79,000 but I ended up walking which was a mistake. A mistake I regret to this day because I really do love that car and it checked so many boxes. The only thing I was concerned about was winter performance. I mean really a original MSRP of $130k down to 70 in 2 years… I wouldn't have to worry about any depreciation

But life happens and I decided to save my money and not buy the car.

So flash forward to today and I walk in the dealer to see the exact same car. Check the vin after asking the sales associate if it's the same car, indeed it is.

The only difference is the car now had 1000 more miles, bringing it to only 12k, oh and the car was listed at $99,000.

2 years later and we racked on 20k.

This is why I'm buying a new car for the first time ever, which was something I swore I would not do.

But in todays market paying sticker price and with the .9% financing, I can't think of anything better to do. Especially when people are already paying 5-15k over sticker I feel like Im already ahead

The only problem… my car is still stuck at the port

[vj123]

What if scenarios always happens in life but this market is stupid crazy.

Also BMW already bumped up their APR to 1.9% early this month.

[jwt2440]

Originally Posted by 2022M4COMP

So I strolled into my local dealer today to find an 17 AMG GT, not just any AMG GT though, this is the same car I passed up in March of 2020 right before the pandemic started.

At that time the car was going for $79,000 but I ended up walking which was a mistake. A mistake I regret to this day because I really do love that car and it checked so many boxes. The only thing I was concerned about was winter performance. I mean really a original MSRP of $130k down to 70 in 2 years… I wouldn't have to worry about any depreciation

But life happens and I decided to save my money and not buy the car.

So flash forward to today and I walk in the dealer to see the exact same car. Check the vin after asking the sales associate if it's the same car, indeed it is.

The only difference is the car now had 1000 more miles, bringing it to only 12k, oh and the car was listed at $99,000.

2 years later and we racked on 20k.

This is why I'm buying a new car for the first time ever, which was something I swore I would not do.

But in todays market paying sticker price and with the .9% financing, I can't think of anything better to do. Especially when people are already paying 5-15k over sticker I feel like Im already ahead

The only problem… my car is still stuck at the port

What if the govt didn't print $3 trillion and the economy went to shit and the car was worth $40k after 2 years? Hindsight is always 20/20. You didn't make a bad decision, the result was just different than what you or anyone could have expected.

[Poochie]

Originally Posted by jwt2440

What if the govt didn't print $3 trillion and the economy went to shit and the car was worth $40k after 2 years? Hindsight is always 20/20. You didn't make a bad decision, the result was just different than what you or anyone could have expected.

Well said.

After the pandemic subsided, I was expecting a reverse effect on car prices, similar to what happen with the 2008 Housing Market crash, when there was a fire-sale on exotic cars like Ferraris, where a three year old models was going for like under a 100k.

This expectation was reinforced when threads like the one below started popping up in the midst of everything but the chain of events you alluded to happened instead.


BMWFS: My lease ending soon $6k discount-BMW discounted my residual & purchase price! https://f30.bimmerpost.com/forums/sh....php?t=1716072

[Limegrntaln]

Just when you thought $20K was bad. Then you start seeing Basic 911 Cs for over $200K. And alot of the Turbos are $300K

[luckylingy]

How in Sam Hill do you option a Carrera S up to $208,000?!? Even with Porsche's greedy options pricing, you'd have to check every damn box to price one into that stratosphere.

Oh wait - Econ 101 .. (no) supply and (crazy high) demand. Got it ...

[BMWRacer523]

This will continue for a few more years.. I'm just glad I got my car before things get even crazier.

[2022M4COMP]

Originally Posted by jwt2440

What if the govt didn't print $3 trillion and the economy went to shit and the car was worth $40k after 2 years? Hindsight is always 20/20. You didn't make a bad decision, the result was just different than what you or anyone could have expected.

I really don't think that would be possible… it was an amg gt after all. It already took a major depreciation hit and at 40k it would have lost 70% of its value in 5 years. Not likely. Plus the car is an early edition and only has 10k miles.

The reason I considered it is because I figured I could drive it for two years and basically sell it for what I paid since it had already depreciated so much

[robopp]

We just need a good market crash to reset everything.

[SpeedyATL]

Originally Posted by robopp

We just need a good market crash to reset everything.

I so want you to be wrong, but alas I don't think you are.

[2022M4COMP]

Originally Posted by robopp

We just need a good market crash to reset everything.

It's just not going to happen for a while is the issue. Inflation is out of control all industries are super constrained

[NightWriter]

Originally Posted by robopp

We just need a good market crash to reset everything.

If my investment balances are of any indication, we're well on the way.

[2011ninja]

Originally Posted by BMWRacer523

This will continue for a few more years.. I'm just glad I got my car before things get even crazier.

I also have a VW in the family and at one point I was considering the new Golf R. Dealer called to tell me they have an allocation. Decided to pass…

I'm all in G80 pure so I have to wait it out…

Anyway; I was speaking with one of the managers at VW and he said he does not see any change with shortage of inventory for 2022.

He said any manufacturer that needs cars from Germany and alike will continue to deal with delays.
He said their is a slight improvement.

We will see…

So far no one has called me back to say they can't find a buyer for a new M3…

What a surprise

[Brazilian_BAMF]

I could add the Mustang GT500.
45k on top of the MSRP.

[Murf]

All these used car sellers like Carmax Vroom etc are going to get btfo when this normalizes.

[2011ninja]

Originally Posted by Murf

All these used car sellers like Carmax Vroom etc are going to get btfo when this normalizes.

I don't know man…

I worked carmax part time many years ago. ( it was a fun gig)

They are not perfect but everything is tied to analytics. I sold my F80 to them recently. It never popped up on their site. My guess it was sold to a staff member.

That would happen all the time. Staff members do get a shot at a car when they come in.

It's gonna be a while before the used car market settles.

The buyer told me they have already adjusted their buying offers from last year.

[Trojan4evr]

This market is just stupid crazy. I'm glad I bought my brother's used Rav4 with 55k miles for $13k cash as a daily driver a little over a year ago. Then went and ordered my M3 at 1k over MSRP back in April (delaer started from 15 over MSRP). I don't see myself doing anything with this market until mid '24. Even then, I feel like you gotta plan and know what you want then and start a dealer search to initiate a dialog with them.

[JDUNITNOW]

Originally Posted by Trojan4evr

This market is just stupid crazy. I'm glad I bought my brother's used Rav4 with 55k miles for $13k cash as a daily driver a little over a year ago. Then went and ordered my M3 at 1k over MSRP back in April (delaer started from 15 over MSRP). I don't see myself doing anything with this market until mid '24. Even then, I feel like you gotta plan and know what you want then and start a dealer search to initiate a dialog with them.

I have a 04 x5 that runs great, but I can't get it started. I believe the ecu is gone, and instead of getting rid of it, I'm going to get one off of eBay and have it programmed. I think I will still come out cheaper than taking a bath on a used car .

[Trojan4evr]

Originally Posted by JDUNITNOW

I have a 04 x5 that runs great, but I can't get it started. I believe the ecu is gone, and instead of getting rid of it, I'm going to get one off of eBay and have it programmed. I think I will still come out cheaper than taking a bath on a used car .

Definitely do that. I'd totally do the same thing.

[SpeedyATL]

Originally Posted by Murf

All these used car sellers like Carmax Vroom etc are going to get btfo when this normalizes.

Murf,

I have to agree. I would not want to be long used cars at inflated prices right now....

[luckylingy]

Originally Posted by 2011ninja

I sold my F80 to them recently. It never popped up on their site. My guess it was sold to a staff member.

That would happen all the time. Staff members do get a shot at a car when they come in.

Same thing happened with my G05 X5 sold to Carvana; it never appeared online available for sale. It was damn near perfect cosmetically when I turned it in, so some staffer might have snapped it up. (Hope they inspected its warranty service history first, though.)

[MavRick]

Originally Posted by 2022M4COMP

I really don't think that would be possible… it was an amg gt after all. It already took a major depreciation hit and at 40k it would have lost 70% of its value in 5 years. Not likely. Plus the car is an early edition and only has 10k miles.

The reason I considered it is because I figured I could drive it for two years and basically sell it for what I paid since it had already depreciated so much

AMG's are notorious for their disaster resale value. My CLS63 had a sticker of $108K. I bought it when it was 5 yrs old...with 45k miles...and paid $32.5.

It's why I had EVERY intention of picking up a 4yr old GT63s, next year. I expected to pay around $50-60k or so. And had historical references to say that I might be a bit high. And then the pandemic hit. 3yr old examples arent really close to being under $100k. It's crazy...