First of all, youre an absolute maniac for carrying those 2 big car notes! Im saying that as a compliment. Im glad you were able to unload them both around the same time. That must feel great! Even of you "lost" money, Id chalk it up to the cost of having 2 great cars. You paid for the experience. Nothing ventured, nothing gained
Trying to sell private and find a buyer is much harder because people will text you saying they are interested and really never pull through I went through that trying to sell private and wasn’t worth my time 👍🏽
Expensive cars is not easy to sell privately so it’s easier to sell to a dealer, usually individuals need financing too which a dealer can give making it harder to sell on the street as well
It's not leveling out ,the party is just getting started to get great deals on cars. Lamborghini Diablo's were selling for $80k in 2008. Just remember that for the next 2 years. I bought a car every year from 2005-2008, then bought a house in 2010, then picked up buying a car every year from 2011-2016. Haven't bought anything outright since 2019.
The market didn’t “change”. What happened is that dealers will call other dealers that sell new versions of the cars they are looking at taking in and they will ask those dealers for what is known as a buy figure. Basically the number that say a new car Dodge dealer would pay to take that off their hands right now. And that buy figure is usually what they give you. Now here’s what happened. If you were shopping it to other local dealers, they likely called that same Jeep dealer and asked for a buy figure. When they realized that you were shopping it around, they didn’t want to cut their own nuts off so they lowered it to what they were offering other dealers as buy figures. So basically fucked yourself by taking it around and shopping it. Dealers talk and see when people do this.
Same thing happened with me. Just wait until the do a “pre-purchase inspection.” They’re going to make a list with questionable service / parts “required” and will lower their price even more. Common psychology technique. The more time you commit the more you’re likely to give in to their tactics.
Bought a 2021 used Toyota 4 Runner for my daughter back in December, market adjustment was not advertised, they tried adding it on after I got there to buy the vehicle. I was able to get them to remove it. They were trying to add 3k for Certified Used and 3k for Mkt Adj.
I'm not sure if it is different in Australia but a C8 will mainly be picked up by those with excess funds (semi-retired, access to superannuation, empty nesters etc.). I was a cash buyer for my 6th Gen Camaro, and it would be the same if I was to buy a C8 but the wait time is 4-5 years and they have jacked the price up locally to the point that I am happy to stay with the Camaro! Normally any new car will cost you once driven out of the dealership, and you should never expect to get it all back even though COVID created some short-term shortage on all cars. Fortunately, the Camaros in Australia have appreciated in value as they only imported around 1650 of them before stopping in early 2020!
Cash cars are better honesty these dealerships are outrageous with all their bs "add ons" and fees. Every new vehicle depreciates. i buy a few years older where the value has already bottomed out and you can drive the car for a year and sell it and still get all your money back or even make money
Dude those are such minor L's I thought it would be way worse TBH. $1700 bucks a month to get a super car? I think u sold at the right time too. You might have botched the buying, but you definitely adjusted and your in a good spot now
Those "add on's" are nothing more than rebadging of the ADM the dealers were hitting everyone with. I'd refuse to pay a dime for any of them. My negotiating price would begin with the MSRP not their inflated price.
Contact the 3rd party you purchased the extended warranty from. If you bought it through the dealership they should have provided you a pamphlet, otherwise juat contact them and ask who the warranty provider is. Don’t cancel it through the dealership though because most often times they will take they’re sweet time getting around to it so they don’t get any charge backs for canceling it too soon. They make commissions on it
Tbh, the Corvette is so far into its life cycle, I would much rather wait for the full refresh at this point. The used C8s are still selling thousands of dollars over MSRP from the 2024s. Not worth it at all.
HINT: You should never pay over 10% of your gross income for a vehicle payment, so at $54 per day($1620 for 30 days or $19,440 a year ) the Vette cost you, means you needed to make at least $540 per day to afford to own that car. Think you should invest in some money management classes.....
I’m sorry but the new Jeep isn’t worth that much money. I had to buy a part just to fix the steering on my 2019 bought headlights and taillights also for better visibility also. I got 35k trade in a month ago on my new Charger… low miles.
You financed 80 grand for a C8 purchased at over MSRP at a high interest rate and flipped it for a loss in like 6 months? Man, I appreciated the C8 content for sure since I’m buying one, but we’re never going into business together😅
@@suttsd Oh yes - I saw that. I meant the first time they dropped it, rather than taking a day to think about it. Sometimes, it’s just less stressful to get a deal over with. Regardless, you got more in the end and all worked out well. Good stuff
Customer to stealer: "Please tell me you have the lojack protection plan added onto my new van Mr. Moss Bro, I'll pay whatever you want, these vans are getting stolen like crazy, and is there a way you can also charge me for some nitrogen tire fill, i hear that's the real deal......I'll pay whatever you think is good....how do they even sell one of those vehicles a day, it must be buzzards on a tree when you walk in there to offer you .50 cents on the dollar on your trade and get you for some b.s. paint protection and lojack crap....
Just found your channel then seen you sold the corvette a few months later which makes no sense. Should of kept the corvette to build your channel, no one gives a shit about a Tundra. Lol
You could have a brand new Z28 with a very fast engine in it and beautiful car repair. The Corvette Corvette are hard to get out of and the Camaro is faster. It’s more prettier 28. It’s gonna be worth a lot more than that Corvette in the years to come.
Dude...face it you lost money on both vehicles. Its only going to get worse as time goes on. Dealers/Manufacturer are taking major hits on their great ideal on the EV's. EV's are like recycling sounds great....NOT! Sorry you had to take a hit, but todays market is not a get rich over night or is it...Powerball. LOL!!!
70K+ for a Jeep is asinine.
75k msrp and then a 7k markup on top of that? I wouldn’t buy a jeep even under msrp 😂
Some times you have to take a biggo L my dude. Right now with these prices best thing to do is to chill and not even try to buy another vehicle.
Facts
First of all, youre an absolute maniac for carrying those 2 big car notes! Im saying that as a compliment. Im glad you were able to unload them both around the same time. That must feel great!
Even of you "lost" money, Id chalk it up to the cost of having 2 great cars. You paid for the experience. Nothing ventured, nothing gained
Why didn't you privately sell the vehicles? You would have gotten more money than wholesaleing them to Dealers.
Trying to sell private and find a buyer is much harder because people will text you saying they are interested and really never pull through I went through that trying to sell private and wasn’t worth my time 👍🏽
You're absolutely correct .... You NEVER sell you vehicles to a dealer ... Unless you want NOTHING for it..
@@BriansEra If you have More Money than Time, Sell it to a DEALER. Most people are not in that situation.
Expensive cars is not easy to sell privately so it’s easier to sell to a dealer, usually individuals need financing too which a dealer can give making it harder to sell on the street as well
Jeep has lost their mind with those prices.
Used car market is collapsing.
What was the interest rate and loan terms on the vette?
What was the biggest turn off to get rid of it. The hassle of maintaining it etc...
It's not leveling out ,the party is just getting started to get great deals on cars. Lamborghini Diablo's were selling for $80k in 2008. Just remember that for the next 2 years. I bought a car every year from 2005-2008, then bought a house in 2010, then picked up buying a car every year from 2011-2016. Haven't bought anything outright since 2019.
Stick with realestate better money to be make!
Ya new trucks are a hundred k
Ya but you really want a cheap!
Get a decent Danali,, way better truck!!
I'm looking to sell my Vette as well. Could you please share where you listed your cars? Thanks in advance.
JUST HAVE TO LOVE THOSE DEALERSHIP “ADD ONS”!!! Throw in some Thousand Dollar Pin Stripes!
And they’ll clean the car off for $500 if you ask nicely.
The market didn’t “change”. What happened is that dealers will call other dealers that sell new versions of the cars they are looking at taking in and they will ask those dealers for what is known as a buy figure. Basically the number that say a new car Dodge dealer would pay to take that off their hands right now. And that buy figure is usually what they give you. Now here’s what happened. If you were shopping it to other local dealers, they likely called that same Jeep dealer and asked for a buy figure. When they realized that you were shopping it around, they didn’t want to cut their own nuts off so they lowered it to what they were offering other dealers as buy figures. So basically fucked yourself by taking it around and shopping it. Dealers talk and see when people do this.
Same thing happened with me. Just wait until the do a “pre-purchase inspection.” They’re going to make a list with questionable service / parts “required” and will lower their price even more. Common psychology technique. The more time you commit the more you’re likely to give in to their tactics.
Bought a 2021 used Toyota 4 Runner for my daughter back in December, market adjustment was not advertised, they tried adding it on after I got there to buy the vehicle. I was able to get them to remove it. They were trying to add 3k for Certified Used and 3k for Mkt Adj.
So did your car sale? If not what year is it and what model L1 or L2
I'm not sure if it is different in Australia but a C8 will mainly be picked up by those with excess funds (semi-retired, access to superannuation, empty nesters etc.). I was a cash buyer for my 6th Gen Camaro, and it would be the same if I was to buy a C8 but the wait time is 4-5 years and they have jacked the price up locally to the point that I am happy to stay with the Camaro! Normally any new car will cost you once driven out of the dealership, and you should never expect to get it all back even though COVID created some short-term shortage on all cars. Fortunately, the Camaros in Australia have appreciated in value as they only imported around 1650 of them before stopping in early 2020!
where did you listed the car online???
Hi Mark where did you advertise the C8 ?
Where did you list your vehicles?
I think you made a smart move getting rid of your vehicles at this time you are correct the markets headed down not up especially for the Corvette
You made a bunch of content with them too so congrats bro
Thanks 🤘
Where do u post ur cars?
how many more will lose money paying over msrp when dealers in ok are selling 2024's for msrp no mark up
Congrats on the sells.
What a business man. Keep doing that and you'll be broke. Brilliant.
Is the extended warranty refundable for only a certain amount of time?
It’s prorated so you are refunded for the portion you didn’t use
Cash cars are better honesty these dealerships are outrageous with all their bs "add ons" and fees. Every new vehicle depreciates. i buy a few years older where the value has already bottomed out and you can drive the car for a year and sell it and still get all your money back or even make money
What about the WHEELS and other MODS on the Corvette? You did not add them in on your cost.
Wanted to keep it relatable to more people. Prices on aftermarket stuff is so variable so I left mine out
Dude those are such minor L's I thought it would be way worse TBH. $1700 bucks a month to get a super car? I think u sold at the right time too. You might have botched the buying, but you definitely adjusted and your in a good spot now
Those "add on's" are nothing more than rebadging of the ADM the dealers were hitting everyone with. I'd refuse to pay a dime for any of them. My negotiating price would begin with the MSRP not their inflated price.
Question - how do you refund the warranty?
Contact the 3rd party you purchased the extended warranty from. If you bought it through the dealership they should have provided you a pamphlet, otherwise juat contact them and ask who the warranty provider is. Don’t cancel it through the dealership though because most often times they will take they’re sweet time getting around to it so they don’t get any charge backs for canceling it too soon. They make commissions on it
@@MarkBrenner Oh that’s interesting. I didn’t know you could cancel outside of the first 30 or 60-days
@@RichardoBritthat’s just when you get 100% of it back but past that point you still get a refund it’s just a pro rate amount
Hi Mark, I'm glad you sold them both, hopefully either party's don't back out. Too bad you lost some money in the deal.
Good he sold them,, with interest rates going up he could of lost more !
Kudos for sharing the loss online. I can't imagine financing $75 or 80k (whatever it was) on ANY vehicle.
Add Ons and market adjustments are the same.
Tbh, the Corvette is so far into its life cycle, I would much rather wait for the full refresh at this point. The used C8s are still selling thousands of dollars over MSRP from the 2024s. Not worth it at all.
I don’t think the refresh is until 2029
HINT: You should never pay over 10% of your gross income for a vehicle payment, so at $54 per day($1620 for 30 days or $19,440 a year ) the Vette cost you, means you needed to make at least $540 per day to afford to own that car. Think you should invest in some money management classes.....
That only accounts for the corvette, if you consider the other cars that number is much higher. Bad decision after bad decision
@@linonator You two haven't caught on that he's playing with daddy's money yet have you?
@@jeremycook9852 if that’s the case then I guess it makes more sense now
I’m sorry but the new Jeep isn’t worth that much money. I had to buy a part just to fix the steering on my 2019 bought headlights and taillights also for better visibility also. I got 35k trade in a month ago on my new Charger… low miles.
You financed 80 grand for a C8 purchased at over MSRP at a high interest rate and flipped it for a loss in like 6 months? Man, I appreciated the C8 content for sure since I’m buying one, but we’re never going into business together😅
For $500 less, just close the deal and move on and free your mind up.
They dropped it 500 less but now they dropped it 2,000 less than their original offer
@@suttsd Oh yes - I saw that. I meant the first time they dropped it, rather than taking a day to think about it. Sometimes, it’s just less stressful to get a deal over with. Regardless, you got more in the end and all worked out well. Good stuff
@@RichardoBrityea 500 isn't enough to make me walk away. I agree.
Did you get 2 deposits in 5 minutes........
Customer to stealer: "Please tell me you have the lojack protection plan added onto my new van Mr. Moss Bro, I'll pay whatever you want, these vans are getting stolen like crazy, and is there a way you can also charge me for some nitrogen tire fill, i hear that's the real deal......I'll pay whatever you think is good....how do they even sell one of those vehicles a day, it must be buzzards on a tree when you walk in there to offer you .50 cents on the dollar on your trade and get you for some b.s. paint protection and lojack crap....
Just found your channel then seen you sold the corvette a few months later which makes no sense. Should of kept the corvette to build your channel, no one gives a shit about a Tundra. Lol
You could have a brand new Z28 with a very fast engine in it and beautiful car repair. The Corvette Corvette are hard to get out of and the Camaro is faster. It’s more prettier 28. It’s gonna be worth a lot more than that Corvette in the years to come.
Camaros won't be worth anything. They can't give them away now!
BTW they don't make the Z28 anymore
Lol all you young people losing money on vehicles is funny since non of you understand the difference between a liability and a asset Live and learn .
Can you write those losses off on your Taxes??
Yes
You can’t write all of it off. There’s rules in write offs
Be very careful writing off losses. It is wise to get professional advice.
Should
Dude...face it you lost money on both vehicles. Its only going to get worse as time goes on. Dealers/Manufacturer are taking major hits on their great ideal on the EV's. EV's are like recycling sounds great....NOT! Sorry you had to take a hit, but todays market is not a get rich over night or is it...Powerball. LOL!!!
Sell tundra