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Anonymous No.28552241 >>28552291 >>28552303 >>28552384 >>28552673 >>28552730 >>28554216 >>28554785 >>28554830
I think I finally understand the used market
After a few months of working in a dealership, I think I understand how used vehicle values work.

tldr: Ultimately the pre-owned market exists to fuck over poorfags.

At every level, used vehicles are priced tens of thousands above what the risk involved ought to make the car worth.

People think its the dealers but that isn't the case. None of them have any value added or competitive advantage. No one dealer provides that much of a better service than another that a $400 price cut wont lose them their business to the next guy. There's nothing unique about what they do, they're just a storefront. And they'll all undercut each other in two seconds.

Its the people selling their cars at 40-60k miles demanding way more than they ought to get for it. Those people kick the can down the road to the next person, who still knows theyll get 10k-20k$ for it at 100k miles, even if its basically worthless at that point, given that many of those cars (unless you really know what you're doing) will be scrap in a year or two.

The only person getting fucked by the price inflation, really, is the poorfag paying $16,000 for the 2014 Jeep Grand Cherokee, who will drive it to expiration. The fact that they're typically the only ones dumb enough to do this is what props the entire rest of the market.
Anonymous No.28552251 >>28552256
>Works at dealership
>Recommends buying new only
I just don't like new cars and their bullshit. 50k miles is basically new imo, and yes I've bought new 2x before. There's been used inflation like crazy since rona, but I'd still pay half the new price for a older car with 40k miles.
Anonymous No.28552256 >>28552264
>>28552251
I'm not recommending buying new. We make a lot less money on new.

What I'm saying is the only reason you can buy new cars and not have your value cut to 30% like every other used tool or commodity that gets resold into the used market (computers, appliances, tools), is because somewhere down the line of trade ins a poorfag with a 500 credit score is dumb enough to pay ~$20,000 for it. Every trade in kicks the elevated value of used cars down to them, and they eat it to $0
Anonymous No.28552264 >>28552807
>>28552256
So you're saying that due to used inflation new cars are depreciating less than they used to?
Sure, but they still depreciate quite a lot especially private party sales and I'd still go for a low mileage used. Maybe you live somewhere where it rusts because cars don't generally die after like 5 years and 100k miles.
Anonymous No.28552273
I've owned 6 cars and never stepped foot in a dealership.
Anonymous No.28552281 >>28552325
incoming cope from poorfags who make seven figures per hour but drive a corolla because that's what they think rich people do
Anonymous No.28552291
>>28552241 (OP)
>100k miles, even if its basically worthless at that point
You're a retarded zoomer who doesn't know anything about cars.
Anonymous No.28552303
>>28552241 (OP)
The used market exists because not everybody can buy new and reselling a used car is better than crushing it. The used market is bad because of artificial pressures that created fewer quality used cars. Everything financial is made worse by a series of coincidences that consolidates money toward a small, select group of money/market manipulators.
Anonymous No.28552325 >>28552392 >>28552394 >>28554846
>>28552281
I have an 8 fig trust fun and i have only ever had 1 base model crackhead car which has had a huge dent in it for 9 of the 10 years I've owned it.
A) Being rich is about constantly putting on an act because the second ppl find out they instantly dislike you and start seething which is tiresome.
B) No reason to flex. Flexing has its roots in insecurity. The people who flex are thirdies and NFL player who grew up eating mayonnaise sandwiches in the projects.
C) When the revolution comes they won't be pulling me over for a struggle session.
Anonymous No.28552384 >>28552397
>>28552241 (OP)
Wrong. The used car market is fucked because of all the immigrants coming in paired with less new cars being sold.
All those immigrants need to buy a car, so they increase the demand for used cars of which the supply barely increases.
Anonymous No.28552392 >>28552395 >>28553856
>>28552325
>Buy something nice for your own enjoyment
>People just assume it's an attempt to flex
Anonymous No.28552394
>>28552325
>When the revolution comes
Two more weeks, right?
verification not required No.28552395 >>28553845
>>28552392
Yeah I think that's called projection. They assume you purchased THING to flex because to them that's the only reason they'd ever do it. If you ask me those people need a fucking hobby that isn't eternally seething at everyone and everything.
Anonymous No.28552397 >>28552745
>>28552384
So poor, illegal immigrants can buy new $50k+ cars? Wow, that's crazy!
Anonymous No.28552673
>>28552241 (OP)
I have co-workers that put more money into their used cars than it would have cost to buy the car brand new and they still act like buying new is a ripoff. its all so tiresome
Anonymous No.28552730
>>28552241 (OP)
Yes leasing, cpo and etc. are price tiering strategies.

No they do not stop someone from running a car 180k+ miles into a decrepit state and deciding to throw it up on facebook for $3000 or sell it to a coworker/family cheap for favors.
Anonymous No.28552745
>>28552397
no you dumb nigger, they buy the cheap ones, which pushes the demand up and makes them more expensive, it affects the whole market by shifting the prices of everything up. Markets do not exist in a vacuum. If $3k cars are in massive demand it doesn't just affect the market for $3k cars, but $10k and $20k cars too, because it displaces people who COULD have bought the cheaper one but also can technically afford (finance) the next step up.
Anonymous No.28552807 >>28552812 >>28554229
>>28552264
He’s saying the people buying expensive used cars also sell them for a high price becuase poor fags are willing to take out big loans on a 99k mile car even though in reality it’s not worth that much.

Basically the dealer and the person trading and selling the used car early in the cars life aren’t really seeing any change.

The poor fag buying it at high value can buy it thanks to the loan but isn’t savy enough to realize the maintenance is going to be high and the car will reach end of life making it questionable why he would he even buy a used vehicle when the cost of maintenance and depreciation to zero cost the course of ownership are going to be as expensive as buying a nicer example or a new one.

He’s sort of right imo. Cars are expensive to maintain these days and it’s less expensive to just get pay depreciation on a new one without the hassle
Anonymous No.28552812 >>28552818
>>28552807
Basically every car will go 300k+ miles.
Anonymous No.28552818 >>28552828
>>28552812
At what cost?
It’s ridiculous that some plastic shit buried deep in the engine or transmission worth $3 cost $3k to fix.
But yes I agree. The point is one repair like that is equal to $250 per month on a loan plus deprecation and your looking close to a new car with a warranty.
Of course I’m not saying that’s the right choice but but if you’re making payments on a 120k mile car that’s pretty sad when you’re also getting hit with repair costs and it’s also creaking and got slow computers and smells like poor fags.

Any car person should buy a used corvette or something worth maintaining and keep it going until the industry gets over this cost cutting plastic everything phase that EVs have pushed them to.
Anonymous No.28552828
>>28552818
>At what cost?
A lot less than a new car.
Anonymous No.28553845
>>28552395
yeah, like maybe I just fucking like nice cars and the dealership gave me a 5-year service agreement, why do these people think everyone bought a nice car for THEM to see it?
Anonymous No.28553856 >>28553918 >>28554234 >>28554864
>>28552392
>"i just wear it because i like nice clothes."
lmaoing at you unintentionally using feminist talking point logic which i am quite sure you would guffaw at coming from a foid in a low cut crop top.
Anonymous No.28553918
>>28553856
>dawging on croptops
Finna look bussin' respectfully tho. Niggas just h8ting cuh, no cap.
Anonymous No.28553922
>finance a new car every 36 months
>ignore all the break in recommendations
>drive the piss out of it
>payed off within warranty and traded
>one of you poor fuckers buys it used
Anonymous No.28553923
>/wg/ - wrenchlet general
Anonymous No.28554216
>>28552241 (OP)
literally no, the guy who bought it brand new is the one that gets it up the ass.
Anonymous No.28554229 >>28554251 >>28554726
>>28552807
mercedes depreciate like crazy, there is no way your 100k car that sells for 15k after 5 years is better to buy new. your logic is flawed and maybe only works on certain brands/models that are over priced, aka collector cars.
Anonymous No.28554234
>>28553856
>buy sports car because you like going fast
>wear athletic, moisture-wicking apparel because you like athletic activities
also
>buy luxury car because you want a relaxing ride
>use satin/silk sheets because they're comfy as hell
also
>buy gaudy car with shitty mods because you're an attention-seeking fag
>wear ridiculous clothes because you're an attention-seeking whore
Your clothing analogy works, but not in the way you intended.
Anonymous No.28554251 >>28554256
>>28554229
an s class wont depreciate from 100k to 15k in 5 years tho, say it drops 55% value, thats still not worth the risk of buying such a fancy piece of shit when you could be stuck with 20-30k repairs, either you can afford it brand new or you buy a c-class
Anonymous No.28554256 >>28554263 >>28554264 >>28554729
>>28554251
>say it drops 55% value, thats still not worth the risk of buying such a fancy piece of shit when you could be stuck with 20-30k repairs,
A 5 year old car shouldn't need ANY repairs. Mine's 16 years old and I just replaced the clutch and belt for the first time at 135k miles. Nothing has failed and why the fuck would it?
Maybe stop looking at shit German cars where, for example, an automatic retracting convertible commonly fails costs over $10k to repair.
Anonymous No.28554263
>>28554256
no anon you don't get it, if you buy a used car then the engine will implode immediately after you drive it off the lot
you should buy a brand new jeep grand cherokee from my dealership instead
Anonymous No.28554264 >>28554729 >>28554757 >>28554853
>>28554256
its mostly all the fancy electronics in the s class that risk failing
Anonymous No.28554299
>buy fresh 0 miles civic in 2017 for a bit under 22k eurobuckaroos
>still goes for 14-15k
>trolled some fag with a 520d yesterday because my shitbox is faster
feels gud man
Anonymous No.28554726
>>28554229
I’ve maintained a high end German car after 10 years to understand the financial implications of new vs used.
Anonymous No.28554729 >>28554743
>>28554264
>>28554256

Great, I don’t want to drive a Honda civic though so please turn on your imagination and contemplate how nice sports cars are to enjoy and consider that they’re complicated, have less available parts and endure vastly different amounts of power and torque and have complicated computer based systems operating them all.

Then kys for being obtuse and pretending your ford fiesta is even the same thing.
Anonymous No.28554743 >>28554839
>>28554729
You're so cute when you're upset. ;3
I've had 4 sport compacts and 1 sports car at over a quarter of a million miles. I DD'd at a bar and a half of boost for 6+ years. And I've never had a failure worse than a radiator bursting on me because the fans had died. And they were all cheap to maintain b/c japanese and american.
But whatever, keep telling yourself that a car needing 10k+ of repairs at 5 years old is proof of superiority or some shit.
Anonymous No.28554757
>>28554264
but usually non of this shit fails out of the blue. On a car 5 years old, everything that is guaranteed to hit you at some point is known to the internet, because we are either talking about design flaws or faulty batches of components. Especially on engines that evolved out of older blocks.
The biggest offender i know of, for Audi diesels of a certain series there is a fix where a 1$ seal changed every two to four years will prevent a 1500$ electronic component from going bad.
Anonymous No.28554785
>>28552241 (OP)
i have never bought a car that wasn’t a salvage title. and i never will. fuck you faggot jews
Anonymous No.28554791
Sorry Mr. Stealerman but I never spent more than 2.5k on a car and I'm doing perfectly fine.
Anonymous No.28554830
>>28552241 (OP)
The problem is multi-faceted.

1. Cash for clunkers destroyed the cheap used car segment and the market still hasn't recovered from that 20 years later.

2. Cars are simultaneously more complex and more expensive, but that complexity has had the unintended (or intended, depending on what you think) result of also making them incredibly disposable. How many luxury cars made in the past 15 years will be mechanically totaled at 120K miles or less because doing almost literally ANY repair on the motor is prohibitively expensive? Spark plugs? Yeah we have to disassemble half the car to get to them and it takes 18 hours of labor. Oil pan is leaking? We have to drop the entire subframe just to even get to it. An $8 seal has failed and now the motor is gushing oil? Engine out job lol. Cars being more complex makes them more expensive to produce but also much more expensive to repair. Being more expensive to repair means they will reach a point of not being worth fixing much faster than cars of old.

3. This pushes people to a point where it makes more financial sense to take out big loans for newer cars so that maintenance is covered but they have to ditch it the second it's out of warranty. It used to be that you could buy a car, OWN IT and you may sell it 5 or so years later but you could still retain some equity and pull maybe 60-70% of their cash back out of it on resell. Now everyone from the new purchasers to the second to the third are all in a position where they stand to lose 50% or more on cars today due to mechanical complexity and massive depreciation.

4. This creates a situation where most people are going to realize it makes more sense to just lease and that pushes all of us closer to clownworld you "will own nothing and be happy" type stuff that arguably is the point.
Anonymous No.28554839
>>28554743
Car models? Goddamn I wish I could daily 1.5bar of boost this reliably.
Anonymous No.28554846
>>28552325
Damn imagine LARPing this hard
Anonymous No.28554853
>>28554264
fancy cars tend to have more stuff that can break
they are also made in fairly low numbers
>hard to get used parts
>barely any aftermarket support
>stuck with oem parts

I have a BMW E38 from 1996. Anything specific for this model costs a fortune.
>Or got discontinued

Cant buy new front calipers, discontinued
Just OEM body panels
Headlights discontinued, used sell for 500 each
I paid 600 for a set of Bilstein shocks

AC takes 1300g of R134, 250 for a refill
The heating system has actuators that control where the air goes
It has like 6 of them and one costs close to 100

These premium cars used to be expensive but there is a lot of stuff that will break and its expensive to keep them running.
With inflation they have 1% of their original value.
Anonymous No.28554864
>>28553856
Unless you live a life of total ascetism you are hypocrite for posting this. I'm sure there are things you enjoy spending money on simply because you enjoy them, be it clothing, or nice restaurants, or a hobby, etc. and there is nothing wrong with that. I can't imagine how miserable a person's life would be to refuse to have anything nice just because they're worried other people will think they bought said nice item for the "wrong" reason.

Why are you even on a car board if you think anything cool or expensive or fun is just going to garner negative attention or suspicion about your motive for owning it?