No bait or switch there, I have a friendship and business relationship with the dealer. I work in the auto industry so I am well aware of dealer tactics. I’m confident this deal is clean.
I reserved May 2021 and ordered October 24th.
The used market is cooling for Broncos like it is for Tacomas.
So you are more comfortable "investing" in a vehicle than you are in funds or stocks? Rule 1 is to buy low, sell high and there are bargains out there. Im not talking about day trading, Im talking a long term strategy that compounds 3-5-7-10 years from now. People using these vehicles as an investment are going to get bit the minute they get scratched, wrecked or loaded up with miles. Daily drivers ARE NOT INVESTMENTS. They will make 100,000 of these this year, its not a rare vehicle and will depreciate. In addition to the 5k ADM hes paying taxes, fees, etc. That will all have to be paid twice if he flips and buys another Bronco. There is a reason dealers have closed auctions and buy wholesale to sell used vehicles. I think people are grossly overestimating what these are actually worth because they have waited so long. Just look on this forum and see how many are showing up, those are your die hards who are willing to pay a markup and that pool gets smaller daily.
Carvana’s algorithm says my 4runner is worth 28k. I have a carmax quote in hand for 37k. They have pulled back way heavy on being competitive recently because they have been making boneheaded purchases and losing money, look at the stock price. With the purchase of adesa they are also cash strapped and looking at raising more funding. Carvana honestly is a joke and will either be gone in 5 years or a market leader depends on how their acquisition turns out.
That was my point ….a car isn’t an investment. I’ve never bought a car as an investment. But, at least a car is a necessity for most. And the market hasn’t reached its bottom yet….and if we get dragged into the Russian war, tensions with China, lingering effects of COVID, Inflation…..I didn’t say you couldn’t make money…..just that it ain’t like it’s been the past 10 years or so.
It doesn’t matter to me either way since I’m not trading a vehicle in….but that is good news regardless about Carvana being off.
Not crazy. That's a perfect loaded rig. Most dealers are charging 10k upcharge. Get it, keep your reservation and then sell one of them is what I would do.
If you don’t mind CG, go for it. If you don’t like CG, go for it then sell it when your CO comes in. 5k over isn’t too bad.
NO-you aren't crazy! I’ made a reservation 11/2021 it’s due to ship any day…two weeks after I placed my order I took over a cancelled order for exactly what I wanted hard top, etc. and I paid 10k ADM, picked it up in late January, and it has been some of the most fun 10k to 'throw away'. I’ve enjoyed the hell out of my Wildtrak for 4 months, don’t regret it for a minute. Now my second one soft top is here, and I’m either going to sell it our Turo it.
If you hold out you might save even more if gas prices come back down.
If gas prices come back down? That's the best one I've heard todayIf you hold out you might save even more if gas prices come back down.
