11-17-2022, 12:44 AM | #1 |
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2019 Comp Prices
Anyone see prices for these cars going down soon?
With everything going on in the market and a lot of leases coming to an end, what do you think will happe? |
11-17-2022, 08:45 AM | #2 |
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Prices have definitely already started to come down, and will continue to do so in the coming months.
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11-18-2022, 12:30 AM | #3 |
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100% especially 2018-2019 years. As stated by the user above, 2020 leases are coming off as well. They will flood market and continue to drive prices down for prior years. Demand is down, and I'm seeing more and more 2018's fairly optioned out (drivers assistance, bowers and Wilken, no CCB) @ 40-50K miles for around ~65k. I expect this number to come closer to 55-58K by this time next year if not sooner. Lots of factors to consider as well with huge industry leading used car dealers having to possibly liquidate a large amount of stock due to ever rising interest rates. They pay loans same as we do. This also doesn't account for the lack of depreciation these cars should have seen at this age. 102K 4 years ago should be close to 40%. 3 years close to 27-30%, which is almost what we're seeing. The 50% markup every car 8 years and newer saw is coming to end. As with most of these ridiculous price hikes. Hold out, there is a 1% decrease in value week to week. At this rate they'll come down another 15% easily in the coming months. I'd rather have a 6% loan and save 10k then get a 4% loan and pay 10k more. Math checks out. Good luck! I know i'll be waiting for my perfect M5C next year.
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11-18-2022, 10:30 AM | #4 | |
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I'll be waiting also. Looking for my M5C around March/April. Hopefully, I can find one at a great deal by then. |
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