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Out of context: Reply #65846
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- deathboy0
How can a 2013 Subaru WRX sport which sold in 2013 with a original MSRP 25,795, be valued in bluebook to sell at 22158-25255 w/46K miles. Dealer here has a sticker price of 25999 on the window but they really want 23K. I had to go down and ask in person just to see the response. Not to mention carfax reports my current car 2003 wrx w/177k miles would retail for 8K as stock.
Really smells like 2007 home bubble, and some new kind of ignorance is going on. like if kellybluebook basing its values on autos being sold and aggregating the data. Which is a problem considering the volume of carmax inventory buying and selling practices. They might be artifically buying and shaping the market, + FICO score tweaks, easy lending practices.... Something is definitely not right when buying new is better than buying used. Much like when rent surpasses mortgages. scary....
- Blue book definitely inflates valuesHayoth
- Nothing like rent surpassing mortgages, whatever that really means. Also, $8k for a 15 year old ride with a heavily used engine is more than fair.monospaced
- And I agree. That price seems stupid as shit considering the car in question is also used and has certainly depreciated.monospaced
- When rent is higher than the cost to by a home. My car I'd value at like 4-5k even with its mods. Its old. Sure ive fixed a lot of big ticket but a transmissiodeathboy
- is pretty steep, Im thinking like 6-7k if that goes out. which is why I value it far less than what is being reported. Plus the other stuff at that agedeathboy
- the valuations of used cars im seeing are no way near correct. carmax has a 2013 wrx for 26999, which came off the lot for a lil over 26k.deathboy
- yeah ... weird ... but still nothing like the phenomena of rents being higher than mortgage payments for the same property (which they always are, btw)monospaced
- naw only in markets with artificial growth. or where supply somehow is being suppressed. in reno that was the price signal right before the collapse and its bacdeathboy
- but that is largely do to sandoval offering free money to any business and promoting the idea of job growth, while developers were wiped out created a small supdeathboy
- ply and driving prices up like a wiiU on roids.deathboy
- In my experience, a new car's MSRP is about a few thousand dollars LESS than it actually costs. They add fees/charges, the sticker price is just bait.nb
- The fees and taxs always add to the cost, but MSRP is usually the median. Generally you can get 1k-2K knocked off MSRP, with trucks a lot more. which in thisdeathboy
- case it makes it look even worse of a deal. The used manager actually wants me to call him. I think no one has called them out, they have been relying ondeathboy
- "software" to calculate competitive prices, makes me think others are doing the same and the entire market is running on false valuations and will collapsedeathboy
- I think the valuation data is derived from autotrader and selling inventory which carmax controls is values are weighted. and ignorance on their part todeathboy
- pad profit margins have them pricing used vehicles higher than new, and ignorant consumers are looking at false valuations to justify the spenddeathboy
- i did the same looking at market numbers, but than I got curious of original MSRP and had to find that info and realized the farce.deathboy