Lost $20,000 of equity in 5000 miles ? No way...

[Gsxr150]

I literally just did Vroom and they offered $85k for my truck. Vroom has always been lower than Carvana, so I’m guessing they would be roughly $90k.

End of the day, way more than I paid for the truck.

That's not too bad! That's for sharing.

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[jpal]

???

Anyone that tries to sell their R1T using Driveway right now lacks common sense and deserves to lose their $20,000 in equity.

 

[Gsxr150]

Here we go again with your made-up stories and hypothetical questions.... The answer is it is only worth what someone is willing to pay & what someone is willing to sell it for.

Check the conversations in this forum...it's plump full of people thinking they can flip their trucks for $20-30k profit. Science fiction.

 

[CharonPDX]

Clearly you have nothing to add to this conversation. Please step aside and let the adults discuss.

Okay, go get an adult to make your argument. Because your posts have had nothing to add to this conversation.

 

[Gsxr150]

???

Anyone that tries to sell their R1T using Driveway right now lacks common sense and deserves to lose their $20,000 in equity.

Low end of the auto business I would assume? Well...hopefully that's the only reason they lowballed.

 

[jpal]

Clearly you have nothing to add to this conversation. Please step aside and let the adults discuss.

"The adults" LOL

 

[CharonPDX]

Check the conversations in this forum...it's plump full of people thinking they can flip their trucks for $20-30k profit. Science fiction.

Except people *ARE* doing just that - Cars and Bids has a sale from one week ago for $101,000 - assuming they were a preorder holder from before the price increase, that's $25,000 profit.

 

[Gsxr150]

You're stating an opinion based on one single data point.

The vehicle hasn't "lost $20,000 in equity", one car-purchase website lowballing isn't the end-all-be-all of vehicle pricing.

Recent private-sale auctions are in the $95k-$100k range. And as I linked above, Driveway themselves are trying to sell for $110k.

That's not bad...after paying cars and bids, etc.

 

[jpal]

Low end of the auto business I would assume? Well...hopefully that's the only reason they lowballed.

This is a very niche market for these vehicles at the moment. Driveway's business model doesn't suit this market.

 

[CharonPDX]

That's not bad...after paying cars and bids, etc.

 

[R1Tom]

Clearly you have nothing to add to this conversation. Please step aside and let the adults discuss.

You don't understand equity. It is hard to have a discussion if the definition of equity is so flawed. I simply asked you go figure that out, and then we could have a good adult conversation.

 

[SFsoundguy]

Check the conversations in this forum...it's plump full of people thinking they can flip their trucks for $20-30k profit. Science fiction.

Only someone living in a parallel universe would think they could "build" equity in a new model car. They depreciate until they become obsolete or collectable. All things considered a 20k hypertetical hit is not bad.

 

[CharonPDX]

And:

So really, that $101,000 sale was a $105,500 sale to the buyer. And the $95,000 sales were $99,500 to the buyer.

 

[SoCal Rob]

I was giving you the benefit of the doubt on your previous posts, thinking you were genuinely debating whether an early model was the right choice for you.

But this clearly shows that you really are just trolling. Officially just made my very short ignore list.

Same here, GSXR150 is now on my ignore list.

 

[crashmtb]

you’re really overthinking and overanalyzing all of this.

It’s like saying a dealership gave you a smaller amount of money on trade in than a private sale would get you.

Got a low estimate from one place? Try somewhere else.


furthermore, buying most any brand new car is rarely a money making proposition.
Cars/trucks are depreciating assets unless or until they become a desirable sort of rare. And that is unpredictable.

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