That's no ish. Over on the Rivian forum some dude asked about a balloon loan for a pick 'em up truck recently. I thought it was a joke until I opened the thread and not only did I see it was a real thing but there were several "financial experts" supporting the reasons why it was a solid "investment" and why it makes sense. O lawd, we're doomed.
Exactly. If anyone got an XLT w/ER and nicely equipped wants to sell it for what they paid be sure to send me the listing privately first so I can proof-read it for you.
OK BOOMER
I happen to agree with your original point that many people are buying above their means, but that wasn't the point of my post. I was only trying to understand the market size for 80K trucks.
I might get the first Avalanche Lariat in California if my truck arrives in 2 weeks.The last 3 Lariat ER sales on cars-n-bids was 86K/82K/83K. They are selling near MSRP. Anyone would be nuts to pay a big markup at this point.
One of my wife's favorite sayings of mine I've been saying for years is "You only YOLO once!" which I think is right up there with a buddy's "ASAP as possible"I happen to agree with your original point that many people are buying above their means, but that wasn't the point of my post. I was only trying to understand the market size for 80K trucks.
I can afford a Lightning by any metric, but I consider it a luxury purchase, yet I'm still going to buy one because as the kids say, YOLO.
Guess it depends on your definition of big.
Yeah, I only mean the resale scalping market was dead. I'm goin gto update that title.One of my wife's favorite sayings of mine I've been saying for years is "You only YOLO once!" which I think is right up there with a buddy's "ASAP as possible"
I don't think anything in my posts was directed at you specifically. Lots of generalities in my statements as I was more addressing the those who were basing the conversation on rates and payments as if that was the only option.
That said, I really don't think that this secondary market for Ford EVs or any EVs for that matter is dead or dying. Quite the opposite, in fact as the rate of EV adoption continues gaining momentum. The used car segment has cooled off that that's fairly typical this time of year anyway.
The title of this thread was stating that it looked like the resale market on the Lightning is "dead" and I really couldn't disagree more. The market might be slightly cooler but that's relative since it was about as insane as has even been seen previously.
Life is all about perspective sometimes.
I don't want to quibble over thousands, but anything under about 88K would be a loss after taxes in California and the break even number differs depending on where you live.
No, we're talking about the same thing. I just don't use the term "scalping" as a pejorative in this context.
Not sure what you mean by "anymore than the rest of the used car segment" which is rocketing down as we speak. Carvana is dead and lots of dealers are going to eat it soon.
