Manheim: Used vehicle prices lower in August

[Donatello.]

Originally Posted by Alfisti

A good portion of those buys are business decisions, investors not car guys. At 7% it starts to hurt the business case.

You mean gaming the system & buying them as "company" cars and such? If so, again LOL

[Alfisti]

No.

[x622]

Originally Posted by Donatello.

You mean gaming the system & buying them as "company" cars and such? If so, again LOL

How is that "gaming the system"? I buy the vehicles I do because it's discretionary spending and it is an asset. I really want to get into some of the Italian cars to park equity, but it's really difficult to get the exact models and builds I want without being an established Ferrari client.

I can tell you I absolutely have slowed down on financing cars for my collection due to interest rates, and instead buy them cash.

[CaboM4]

Anyone have access to Manheim pricing history?

I'm looking to get current auction prices for Northeast (NJ) on the following:

2020 VW Tiguan SE AWD ... hoping someone can post the last 30-60 days sales data, as I'm looking to dump several company leases and cash-in on the equity to apply to new company leases to soften the blow.

Appreciate if someone can provide the hookup

[Sedoy]

Here you go

Originally Posted by CaboM4

Anyone have access to Manheim pricing history?

I'm looking to get current auction prices for Northeast (NJ) on the following:

2020 VW Tiguan SE AWD ... hoping someone can post the last 30-60 days sales data, as I'm looking to dump several company leases and cash-in on the equity to apply to new company leases to soften the blow.

Appreciate if someone can provide the hookup

[Donatello.]

Originally Posted by x622

How is that "gaming the system"? I buy the vehicles I do because it's discretionary spending and it is an asset. I really want to get into some of the Italian cars to park equity, but it's really difficult to get the exact models and builds I want without being an established Ferrari client.

I can tell you I absolutely have slowed down on financing cars for my collection due to interest rates, and instead buy them cash.

Because the system is broken & setup for the rich to avoid paying tax etc. Poor thing

[TheWatchGuy]

Originally Posted by Donatello.

Because the system is broken & setup for the rich to avoid paying tax etc. Poor thing

its not gaming the system, its using the system how its intended.

dont be jealous you havent figured out how to use it correctly

[Jbrown7403]

Interesting article on Jalopnik…

https://jalopnik.com/people-aren-t-l...d-m-1850018655

[CaboM4]

Originally Posted by Sedoy

Here you go

Thank you fine sir!

[Donatello.]

Originally Posted by TheWatchGuy

its not gaming the system, its using the system how its intended.

dont be jealous you havent figured out how to use it correctly

Sadly, it was intended to only help the wealthy. You enjoy denial & don't assume to know what I can/cannot do. Good day

[Donatello.]

Originally Posted by Jbrown7403

Interesting article on Jalopnik…

https://jalopnik.com/people-aren-t-l...d-m-1850018655

No surprise. Because the dealers & manufacturers have been making record profits the last 2+ years, they have no incentive to offer reasonable lease deals anymore so no wonder no one leases right now.

Ford dealers tried to lease a Maverick truck to me for $500+ per month, VW dealers tried to give me a Jette for $350+ per month, Miata for over $500 per month, etc. LOL HARD PASS GFY

[pikkagtr]

Originally Posted by Donatello.

No surprise. Because the dealers & manufacturers have been making record profits the last 2+ years, they have no incentive to offer reasonable lease deals anymore so no wonder no one leases right now.

Ford dealers tried to lease a Maverick truck to me for $500+ per month, VW dealers tried to give me a Jette for $350+ per month, Miata for over $500 per month, etc. LOL HARD PASS GFY

2019 M4 CS 108k MSRP with incentives and trunk money were low 800$ leases only drove off fees no $ down
108k M4 comp 2021 , same BMW dealer wanted 1200$ lease with 6$k down
Ridiculous

[M3WC]

Originally Posted by Donatello.

No surprise. Because the dealers & manufacturers have been making record profits the last 2+ years, they have no incentive to offer reasonable lease deals anymore so no wonder no one leases right now.

Ford dealers tried to lease a Maverick truck to me for $500+ per month, VW dealers tried to give me a Jette for $350+ per month, Miata for over $500 per month, etc. LOL HARD PASS GFY

Horrible lease market is due to increased money factors and tanking residuals. These brands know where used prices are headed. They are no longer willing to inflate residuals.

[Donatello.]

Originally Posted by M3WC

Horrible lease market is due to increased money factors and tanking residuals. These brands know where used prices are headed. They are no longer willing to inflate residuals.

I stand by my previous post. Leasing did not suddenly go away because no one wants to lease anymore or it's never profitable again...

[chassis]

The Fed, CarGurus and Manheim are saying the same thing. Market continues to soften.

[P1]

So if you have extra cars sitting around... sell them now and pocket the cash?

[chassis]

Originally Posted by P1

So if you have extra cars sitting around... sell them now and pocket the cash?

It depends. If cash is needed now and extra cars are the best/only way to raise the cash, yes.

[Donatello.]

Originally Posted by P1

So if you have extra cars sitting around... sell them now and pocket the cash?

Ship already sailed on selling for dumb $.

There will be a fire sale soon enough from all the people who paid way too much & can no longer make payments

[x622]

Originally Posted by Donatello.

Ship already sailed on selling for dumb $.

There will be a fire sale soon enough from all the people who paid way too much & can no longer make payments

I'm seeing pricing start to relax on normal cars, and many used car dealerships are now going out of business. They were stuck with inventory that is now dramatically underwater and they're still stuck paying the flooring costs.

Banks in general are very scared to loan money out right now and are hitting people with 750+ scores with a list of stips when they would of just been a rubber stamp just a few months ago.

[Donatello.]

Originally Posted by x622

I'm seeing pricing start to relax on normal cars, and many used car dealerships are now going out of business. They were stuck with inventory that is now dramatically underwater and they're still stuck paying the flooring costs.

Banks in general are very scared to loan money out right now and are hitting people with 750+ scores with a list of stips when they would of just been a rubber stamp just a few months ago.

We just bought the CX-5 and were not hit with any.

I'm seeing reasonable monthly payment lease deals are back, but the $ they want down is LOL NO

[chassis]

Prices continue downward and inventory (see coxauto.com) continues to improve. Better time to be in the market for a preowned vehicle, than the past few years.

[3798j]

Vroom stops buying/selling used cars.
https://finance.yahoo.com/news/vroom...211000678.html