Quote:
Originally Posted by silversleeper
The loss buying a new car sucks. I posted a chart but that doesn't include the 8or9% sales tax we might be paying and expensive license fees OR dealer markup over MSRP which are all totally lost costs so that can add another 5k or much more into the already $10k depreciation costs. Flipping a new car simply sucks financially. They give you less on a trade in but you aren't taxed on the value of your car so can come out ahead with say 2k less outright price but 3k tax savings...
As far as dealers asking inflated prices on everything yes, they do get them. They might play some trade in math to either lower the trade in value or car sale price but mostly they are looking to screw you with maintenance plans and extended warranties and high % loans and everyway they can. I had to go far out of town and a different no-dealer manufacturer to avoid it on my last cars. One out of town dealer I still had to put up with the bs pushing all the way along the sale as they juggle you to this and that special person.
|
Fortunately I bought at a not so crazy time 8/23. Paid below msrp and no add ins. Yes they tried hard to get me to purchase the extended warranty. If I wasn’t so power hungry I actually would have because the one on my 16 I made money from. I’ll admit I get bent over pretty hard on the trade in but I had a worst case number in my head and they met it. Just didn’t feel like dealing with the private sale at that time.
I did the math and unfortunately the tax offset is barely a difference this time around. Would definitely make out better if someone where to buy my car for 5-6k off msrp. Right now used values are terrible just like they historically are. From about mid August-mid February values continue to drop. Then as spring approaches the values actually go up even though the cars are technically older. Source? My dad’s a dealer. I analyzed the used car auction sale data I have access to and he wasn’t wrong. So I do think I have an opportunity to dump my 1le this spring/summer and try to scoop up a GT500 in fall/winter. But we’ll see. My first track day is 6/1. If the cars not gone by then I will attend and that may make me decide not to get rid of it.