Quote:
Originally Posted by Checkmate1
No one had a crystal ball 5 years ago about a global pandemic with disruptions to supply chains.
We keep hearing stories of how much money people made selling their cars during this time, trouble is most of them have issues finding a suitable alternative.
If they do, they are choked by the massively inflated prices for used/new.
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Not really. People just got spoiled. I remember when people on this forum cried that if they couldn't get 10% off MSRP or other astronomical discounts they were getting a "bad deal". Guess what that gets all of us? Heavily depreciating cars. If you play your cards right, work with a dealer and planned ahead or plan ahead now, you can get the replacement car that you want. You'll get top dollar for your ZL1 and pay MSRP for the new one...As it should be. You know what Ferrari customers have paid for their cars for decades? MSRP. Not a penny less. Their values stay high all throughout the cycle of the car because they're hard to get and do not get discounted. Right now, that's how Corvettes and Camaros are too (among dozens of other cars) and sure enough it's emulating the markets that used to be reserved for only the highest and most exclusive brands. Personally, I welcome this new normal. It works out better for everyone. $5000 off MSRP but taking a $20,000+ depreciation bath is a lot worse than just paying MSRP and selling it for maybe $5000-$10,000 less than MSRP a couple years later.