whitex
Well-Known Member
- Joined
- Jul 30, 2021
- Threads
- 58
- Messages
- 4,938
- Reaction score
- 4,116
- Location
- WA, USA
- Vehicles
- 2023 Taycan TCT, 2024 Q8 eTron P+
Isn’t it amazing how quickly (couple of years) people got used to the crazy pandemic residuals, and assume that it will be the new normal?Reading this thread, I lol at the folks who think that their car shouldn’t depreciate and forgot that in normal times, dealer offers are wholesale prices. For all you young’uns, or people who just have short memories, the minute you drive a new car off the lot, you should assume that:
1. Your TT&L payment is gone,
2. Your new car is worth 10-15 percent less than you paid for it (excluding TT&L, which is gone) assuming you paid market price for it, and
3. It’s worth even less if sold back to a dealer, who will pay you wholesale and then resell it at 10-15 percent below sticker.
For those who feel outraged, perhaps it would be relevant to read “Who moved my cheese” by Spencer Johnson.
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