Posted on 11/09/2021 8:53:51 AM PST by Red Badger
If true,my car is worth more today than I paid for it in 2005.
It is the fault of American consumers.
They should have been using bicycles instead of cars.
So spaketh the Bidet!
My daughter just sold her SUV for $3000 MORE than she paid for it 2 years ago!.....................
My daughter just sold her SUV for $3000 MORE than she paid for it 2 years ago!.....................
This sounds like a great opportunity for an enterprising young person to start a car alarm installation business. I would probably be their first customer.
There was a really stupid movie in the 1970’s called “Americathon” with John Ritter. These developments remind me of a combination of Americathon and Idiocracy.
I bought a 2006 Ford E350 van 11 years ago
I paid $11,000 for it in 2010.
It was just totaled in front of my house.
Insurance company paid me $13,500 for it.
I also just bought a completely fine 2000 Toyota Rav 4.
I paid $700 for it.
Car prices are insane on both ends.
From what I’ve been seeing, used pickups are leading the way.
“The industry’s key index of used vehicle prices jumped another 9.2% over the span of just a month. That puts the index 38% higher than a year ago — compared to “just” 27% for the same stat in September.”
I dislike how people have turned high inflation into hyperinflation. Hyperinflation means prices doubling in 1 day, and continuing to double every day. That’s 100% in one day, followed by 200% the next, followed by 400% the next. That’s 700% in 3 days!
It’s ridiculous BS to refer to today’s inflation as “hyper”. The fearmongers are going to need a new word for super-high inflation long before we get to what’s really “hyper”.
Wonder what my 2014 Regal GS with 48K miles on would fetch about now.....lulz
“My daughter just sold her SUV for $3000 MORE than she paid for it 2 years ago!.....................”
But, what is she going to do now?
According to the Democrats, the problem is “greedy” American consumers, and importing millions of illegal aliens and giving each one $450,000 and registering them as Democrats will fix everything!
Since we’re not making cars because they can’t get chips, people cannot buy new cars.
I drive a company car. at 75,000 miles they send out a note to order a new one. Because they can’t buy new ones, I’m at 105,000 now.
I have the option tp purchase it when I do get a new one. I think the price is preset to a lease formula based on age and miles. I should get a really good price and be able to flip it for a lot more.
If you double every day you can’t hit 700.
100 becomes 200 becomes 400. That’s 400 in 3 days.
Did I mention it has 107,000 miles on it?
Did I also mention that I paid $21,550 for it as a two year old used vehicle in 2015?
It's crazy that it's "worth" over $14k as a trade-in right now. Keeping it. It's a great second vehicle. Don't want to pay anywhere near these hyper-inflated prices for anything right now.
Except that bikes are also up!
Anyone remember “Cash for Clunkers”? There went your used car supply!
Except that bikes are also up!
Hi.
Went to the dealership last weekend (used to be Lokey).
I have a late model Q 50, and was thinking to buy the First lady a 2021 C 300.
Not happening.
5.56mm
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