Looks like the SCALPING market is dead (for now).

[GDN]

Uhh... wut?

The lenders are to blame for that? Nobody is forcing people to get loans at gunpoint. Whatever happened to accepting responsibility for your own actions? Just because you can go to your laundry and chug a bottle of bleach doesn't mean you should.

They have to take part of the blame if they are making too much credit available to those that can't handle it and afford it. Yeah I get it - it is on everyone to repay what they borrow and I'm not making any excuses for those that don't.

However the lenders have actuaries and risks they assign and those that are higher risk or maybe can't afford it pay higher interest rates, etc. So if we have too many defaults and we have do many people that don't understand responsibility and payment, then yes lenders are likely loaning too freely.

If there weren't bad loans being made then there would be no need to have so many people trying to collect.

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[wilmerfjohnson]

Your are missing human factor in the mix . Add in that to the formula and you will get the answer why/how people are buying, will keep buying.

We don't think rationally. If that is the case we would have got a vehicle and driver till the wheels fall apart.

- Tax savings
- No gas/maintenance cost (big one)
- better resale value
- good product overall
- latest trend
- set mind to new inflated prices for everything



Are making people think the can afford these. But the fact is they paid these costs upfront(rather than over the course)

Oh the other hand, it feels like not a terrible decision

I agree with you. On your "wheels fall apart" point - I have a 1994 F-150, 4.9, 5 speed, currently at 360k miles. I think that when I have to drive my 2023 Lightning to the junkyard, my friend will pick me up in the '94. However - electric is the future. The Tesla culture left a bad taste in my mouth. I wish them well, but I am not a Tesla guy. I originally reserved a Pro on "day 1" and this was supposed to be about a 35K experiment into EV after the tax relief. Flash forward, my Pro reservations were not picked for production and I moved on to 2023, Pro closed almost immediately. My XLT is bucked and due to be built on Wednesday this coming week. It will end up almost 2x what I planned. I'm going to drive it, learn to like it, lean about EVs.

When I need to take a 1200 mile speed run from PA to FL and back, I'm taking the '94...

 

[F150ROD]

13,500 miles Carvana says $76k

Two weeks ago at 12,000+ $80k

One month ago at 8,000 $86k

 

[jb56]

13,500 miles Carvana says $76k

Two weeks ago at 12,000+ $80k

One month ago at 8,000 $86k

Carvana is also trending toward bankruptcy so it will be interesting how that affects the used/resale market.

 

[Regular150]

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.

Your forgetting buyer pays $4k to Cars and Bids.

 

[Regular150]

Well if you just finished your 72 month payment on your 2016, that same $64,400 is $80,000 in today's dollars. Inflation is real.

 

[Prufrock]

FYI I tried to get an offer from Carvana and they flat out do not want to make an offer. I have an XLT SR 4k miles.

 

[PA Lightning]

Looks like a 2023 Pro recently sold on Ebay for about $6k over sticker.

 

[GDN]

FYI I tried to get an offer from Carvana and they flat out do not want to make an offer. I have an XLT SR 4k miles.

Carvana has other bigger problems. Check some of the other sites and see what happens. At this point however I wouldn't expect anyone to give me much more than MSRP for a used truck.

 

[AdmiralYamo]

Got an offer for a SR Lariat through auto nation for about 62k. Sticker was about 72k. Kind of laughable. Guess the market is softening.

 

[Fordskeptic]

I am wondering what a 2022-2023 Pro with ER battery (fleet) in good condition will go for in 2024-2025.

 

[metroshot]

I am wondering what a 2022-2023 Pro with ER battery (fleet) in good condition will go for in 2024-2025.

It will be tough because it's a fleet / commercial purchased truck.

Easier to find an XLT with ER.

 

[dirtdiver]

I drove by my Honda dealer today and it was shocking how full the lot was with cars compared to 3 months ago.

 

[GDN]

I drove by my Honda dealer today and it was shocking how full the lot was with cars compared to 3 months ago.

Inflation and interest rates will do that.

 

[rdr854]

My local ford dealer is stocked full of new SUVs and trucks for both commercial and retail. It’s not that they are not selling, it’s that Ford is pushing them out the door to dealers.

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