Car Market Crash Deal MEGATHREAD

[ExtraSlow]

Edit wrong thread, kinda.

[Twin_Cam_Turbo]

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Pretty much lol. Hard to put any stock in book prices at all. Nov/Dec the market here was flooded and dealers were taking huge hits to offload high end trucks, a few months later we're averaging about $4700 more across the auction block for trucks in general. I still think a huge recession is closing in and values/demand will tank in 2023.

The issue I am having is the banks lend based on book value, so my buyer lives and dies by the book.

[vengie]

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Fibonacci says we're fucked

Never heard of her.

[Buster]

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Never heard of her.

You have given out too much Reputation in the last 24 hours, try again later

[Darkane]

#Lemmymeme.jpeg

Great, now I’m typing like the penis.

[ThePenIsMightier]

He spelled it like Fibronacci or something at first and I was confused. Like, is that some clever fibromyalgia-math reference that I hadn't heard of yet?
Turns out - no.

[corsvette]

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The issue I am having is the banks lend based on book value, so my buyer lives and dies by the book.

Banks have been lending over ACV for the past two years, but I how someone could be so fixated on book values, many buyers are.

[Buster]

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He spelled it like Fibronacci or something at first and I was confused. Like, is that some clever fibromyalgia-math reference that I hadn't heard of yet?
Turns out - no.

No. That was Android auto correct, and I couldn't leave such injustices un-edited.

[SKR]

What's book value for an LBZ and how much more than that can I expect to get for mine?

[Twin_Cam_Turbo]

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What's book value for an LBZ and how much more than that can I expect to get for mine?

$15k lmk

[SKR]

I'm going to have to be buried in this fuckin thing.

It's funny with the market taking off, for whatever reason LBZs and 12 valves aren't worth anything anymore. Remember when LBZs were worth $20k+? Pepperidge SKR remembers.

[ExtraSlow]

15 year old truck now, I don't care if it comes with two engines, the rest of it still ages like anything else.

[Twin_Cam_Turbo]

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I'm going to have to be buried in this fuckin thing.

It's funny with the market taking off, for whatever reason LBZs and 12 valves aren't worth anything anymore. Remember when LBZs were worth $20k+? Pepperidge SKR remembers.

Some LBZ are going for good money, very condition and mileage dependent. I miss mine, I’d like to own another one day.

[Tik-Tok]

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I'm going to have to be buried in this fuckin thing.

It's funny with the market taking off, for whatever reason LBZs and 12 valves aren't worth anything anymore. Remember when LBZs were worth $20k+? Pepperidge SKR remembers.

Probably more to do with their age than anything. New Duramaxs have 50% more HP and torque, can tow 3 times as much, plus a shit ton of modern features.

[SKR]

So you're saying instead of selling mine for a huge loss, I should be taking advantage of these low prices by buying more. I can get behind that. If I had the room to park them I think I'd really like having a half dozen or so.

- - - Updated - - -

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Probably more to do with their age than anything. New Duramaxs have 50% more HP and torque, can tow 3 times as much, plus a shit ton of modern features.

That's true, but 12 valves held on for a long time and you might be shocked to see what 95-97 Ford 7.3s are asking now.

I should start a meme on Facebook saying Justin is going to control your DPF with 5G to boost the pre-emission truck values.

[Twin_Cam_Turbo]

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So you're saying instead of selling mine for a huge loss, I should be taking advantage of these low prices by buying more. I can get behind that. If I had the room to park them I think I'd really like having a half dozen or so.

- - - Updated - - -



That's true, but 12 valves held on for a long time and you might be shocked to see what 95-97 Ford 7.3s are asking now.

I should start a meme on Facebook saying Justin is going to control your DPF with 5G to boost the pre-emission truck values.

That is literally exactly what I’m saying.

[rc2002]

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So I am looking to unload my dad's 2022 F150 Limited. Fully loaded, was $106K out the door. 1 year into the 4 year lease, the dealer did say initially that when he gets the Raptor (which is arriving in a couple weeks) they would take the Limited back at break-even and we are waiting to hear back but I have a feeling they aren't going to do that knowing how dealers operate. They suggested they can put it on this portal that gives options to auction and bids in the US so we will see how it goes.

If someone wants a lease take over for remaining 3 years, it's at 3.9% with payments of around $1400/month. 11K km's on it so far and 64K allowable. Has a hard tonneau cover, undercoating, full front end 3M, bed liner etc. Can also be bought-out and sold outright (likely under/around $85K but will need to wait for figures from dealer). Good deal if someone is in the market either for payments or cash purchase as the cheapest used 2022 Limited I see is listed is $95K+GST with almost 11K km's.

$106k for a Ford F150? Didn’t realize you could option them up so much. You can buy 2 base models for that much!

Not sure what breakeven means but if you didn’t get it in writing, you’re probably SOL. I’ll bet the dealer didn’t expect the current market downturn, and I doubt they’d take a loss if they didn’t have to.

[rc2002]

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Yes/no. Around 5 years ago (iirc) automakers started to build some engines with both direct and port injection. And no, I can't give you a specific example, but I know it's real.

5 years? Toyota was doing it 18 years ago. The 2006 IS350 came with direct and port injection..

[mr2mike]

Word on the street is energy prices will tank this year again.
Alberta won't avoid the recession like in past recession like the housing one is financial one.
Spartan Delta can finally sell their garbage for $0.20 on the $1. Good deal. PowerPoint says so.
Buckle up.

[bjstare]

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5 years? Toyota was doing it 18 years ago. The 2006 IS350 came with direct and port injection..

Wow. I figured I could be out to lunch with my timeline, but not that far haha.

Maybe I was led astray since our Lexus is much never than that, and still just an inefficient gutless port injected v8 haha.