[TrevorM3]

wrong.

[bimmer pleaser V2]

Originally Posted by jellydoughnutt

The time to buy a car was last year.

Time to buy NEW car is now especially if you have a decent trade-in like M or AMG. Forget about buying used cars; the same C43 I bought 2.5 years ago is listed at higher price now! WTF

[TheWatchGuy]

Originally Posted by bimmer pleaser V2

Time to buy NEW car is now especially if you have a decent trade-in like M or AMG. Forget about buying used cars; the same C43 I bought 2.5 years ago is listed at higher price now! WTF

buying new isnt much better. most cars are going for msrp or more right now. The amount extra you get on your trade in from the crazy used market is offset by the amount extra you pay in the crazy new market.

[Germanauto]

I'm in a conundrum. I really don't need a new car right now, I can wait another year. However, I am getting excellent trade in on my old Lexus IS, while still getting a hell of a deal on a new well-equipped Alfa Giulia (15% off despite the chip shortages). If I wait a year or even a few months, my Lex will be worth $2-3k less.

Any other new car the deals suck. BMW 330 I'm getting numbers significantly higher than Alfa Romeo.

[stein_325i]

Originally Posted by Germanauto

I'm in a conundrum. I really don't need a new car right now, I can wait another year. However, I am getting excellent trade in on my old Lexus IS, while still getting a hell of a deal on a new car.

If I wait a year or even a few months, my Lex will be worth $2-3k less.

Seems like a win-win situation if the new car deal works well in your favor. Depending on the vehicle a similar deal could be found on that new car in the following years, the trade on the used car however will likely be temporary based on how the current market and chip-shortage works out.

[jmg]

Originally Posted by SickGTR

It's hard to believe people are in such demand to buy everything. So many people were out of work and still not wanting to work. My guy who does refi-mortg said everyone is taking home equity loans out and buying cars, boats , shore house ect.ect Home values are so inflated that all the sudden people have 50,75 and higher equity. He also says when this bubble bursts ( which it will ) shit will then hit the fan. Be 2008 all over again. I hope he is wrong!! Just passing on what he told me

My house is double what I paid only 8 years ago. It's insane even for SoCal.

[tom2021]

Originally Posted by Germanauto

I'm in a conundrum. I really don't need a new car right now, I can wait another year. However, I am getting excellent trade in on my old Lexus IS, while still getting a hell of a deal on a new well-equipped Alfa Giulia (15% off despite the chip shortages). If I wait a year or even a few months, my Lex will be worth $2-3k less.

Any other new car the deals suck. BMW 330 I'm getting numbers significantly higher than Alfa Romeo.

I am the OP who started this thread. I am glad this thread attract much attentions and discussions.

Glad to see you are in good position to afford a new car.

Nobody can tell you what to do. I just can give you pointers in making decision:
1. You get good deal for both your trade in and new car.
2. Is it likely your Lexus will be valued the same price next year? Most likely not.
3. Is the new car will be the same price next year? Maybe not.
4. Will you be better off with the new car than older car? You know the answer.
5. You know your financial well. So, can you afford the new car if the worst happen in the near future?

Best of luck.

[P1]

Originally Posted by jmg

My house is double what I paid only 8 years ago. It's insane even for SoCal.

Many if not all of us are enjoying this type of boon in equity. However, unless you are moving OUT of your area or cashing out of a second or third home, it makes little sense to sell.

Same can be applied for cars.

[chassis]

Originally Posted by P1

Many if not all of us are enjoying this type of boon in equity. However, unless you are moving OUT of your area or cashing out of a second or third home, it makes little sense to sell.

Same can be applied for cars.

Agree. Slack (inventory) has been stripped out of the car and housing market. And supply of both housing and cars is constrained. Demand is demand, it never stops growing. This means sellers have the upper hand. Once you sell, you become a buyer, subject to the upper hand of the seller. Using the scenario of a daily driver, and not purging excess vehicle inventory from your barn.

Stories of trading in a preowned M-car or AMG because of high valuation doesn't make sense if you are seeking to replace like-for-like. You are being offered the low end of the bid-ask spread. You will buy at the high end of the bid-ask spread. It's how markets work.

Try buying the identical pre-owned M- or AMG after you have just sold your old one. Or try buying a new model M- or AMG of equivalent model, just today's model year. You will feel the pain of the bid-ask spread.

[surge98]

I'm glad I bought late last year, I got a nice discount and 0.9% financing. The only bad thing is that used prices were only elevated, not insane. If I'd held on a few more months, I could've gotten thousands more for my old car.

I wouldn't count on another 2008-style housing crash. Of the four major factors that caused it, excessive demand is the only one that currently exists in the housing market. Yes, prices will likely stabilize and possibly drop a bit. But there was a ton of inventory in 2008, while inventory is now scarce. People were encouraged to take adjustable rate mortgages years before the crash when rates were already low, only to have the federal reserve raise rates to historically normal levels. Once those mortgages readjusted, buyers who had stretched themselves thin couldn't pay. Third, lending standards are much tighter than they used to be. No more NINJA loans (no income, no job, no assets, for those who never heard that joke.)

[Alfisti]

Your banking system is weird at best, we have 5 banks here, 4 in AUstralia, all absolutely ROCK solid. You have hundreds upon hundreds, even accounting for population, man you have some banks.

[SickGTR]

Originally Posted by jmg

My house is double what I paid only 8 years ago. It's insane even for SoCal.

SWEET!!!! Sell that puppy and rent for a couple years. LOL

[Flacht3]

The time to SELL is now.

Only issue is, sell in a hot market and then you need to buy in a hot market.

Really only makes sense if you can arbitrage a hot used car sale for a fixed new car price.

[ca2014mp2]

i agree

[hellrotm]

Current market has Kia Tellurides with $15k markups.

Definitely not the time to buy. Time to sell an extra vehicle you don't drive a lot.

[Burrcold]

Definitely a hot market! I just sold my 2019 RS5 for a good amount more than what I paid 9 months ago. Placed an order for a 2022 RS5 that will most likely arrive in October. Dealership is giving me a Range Rover to drive until the new one arrives. I could not turn that deal down!

[stein_325i]

Originally Posted by Burrcold

Definitely a hot market! I just sold my 2019 RS5 for a good amount more than what I paid 9 months ago. Placed an order for a 2022 RS5 that will most likely arrive in October. Dealership is giving me a Range Rover to drive until the new one arrives. I could not turn that deal down!

Just when you thought you might settle down for once

What spec did you get on the RS5 this time? I saw you were debating between the RS5 and M3, but its hard to ignore how hot that Sportback is!

[Burrcold]

Originally Posted by stein_325i

Just when you thought you might settle down for once

What spec did you get on the RS5 this time? I saw you were debating between the RS5 and M3, but its hard to ignore how hot that Sportback is!

Lol I've come to realize that I'll never settle for anything for very long.

I basically got the same spec I had on my 2019 (still Nardo). Mine had every possible option selected, but this time around I went without the exterior carbon package (there is so much more I could do with $6k), and I went with the steel brake/6 piston red calipers instead of the silver carbon ceramic brakes I have now...other than the reduced brake dust in the front I won't miss them. Plus I like the contrasting red calipers with the Nardo paint. I also opted for the 20" "evo design" wheels in black this time, and all black Audi rings, badges , etc. It should look a little more aggressive vs my 2019. Plus I like the refreshed styling much more...it now falls in line with the rest of the updated RS models looks.