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Do Not Buy A Used car!!!!!

cactus_kid

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I sold my 2020 GT I purchased last year to the same dealer for a PROFIT I paid invoice for the car. window was 32k and it is sitting on the lot as we speak for just shy of 45k. please do not buy a used car right now people are getting ripped off
Nothing new. This has been going on for a while now because of the chip shortage.
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cactus_kid

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Just wanted to share my story. I decided to sell my 19 GT Performance Pack 2 to start saving for my retirement, pay off some debt , etc. I planned to sell to Carmax and last weekend I put her back to stock. I stripped everything off but the air intake. Long and short I went to local Carmax and they offered 40K even. I thought that was fair and went home to switch out floor mats and personal items. I decided to check Vroom website just to see if they would offer more and they did, about $2500 more. I’m not thrilled about the 2 or 3 days for Vroom pickup process but $2500 more dollars seems doable. I am in no rush to sell but you have to “strike while the iron is hot,” :handshake:


I am thinking of getting another truck next year but no rush to get something new. Also I got lots of used Mustang GT parts in the member classified. Check me out!
Varoom is always higher .................. Till one adds in their fees. By the time all is said and done, their bottom line price will be close to what a local dealer will offer. Local Ford dealer bought our 6 mo ST Explorer $45k cash. Varoom was $45,250 net after fees !
 

ice445

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Prices are already coming down. Vroom, CarMax and others offers are substantially less right now than they were even a month ago.
Can't really judge the market by the venture capital stuff. I suspect a lot of their come down on offers also has to do with how much inventory they vacuumed up over the last few months.
 

cactus_kid

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The used market is dropping w/o question. Dealers are over saturated and, because of the resurgent COVID issues, many large companies are delaying their return to the office mandates.
 

ICU812

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I think niche vehicles will be in short supply even when the chip issue works it's way slowly back to normal.
Covid, if nothing else showed many , that your ability to enjoy life, either because of becoming deathly ill, or the powers that be, limiting what and where you can go,do and when. Might decide to live a little more now, than wait till they retire.
Pulling the trigger on things they might not have or would after retired.
 

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Crowd Hunter

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Yup.
I just bought, but having taken delivery of, yet.
A new 2020 2.3t HHP with HHp engine package,201a, HHP handling package, safe and smart package, ex anti theft package, upgraded stereo with single c/d player.
For about 5k under MSRP.
Dealers still will deal if you show up in person and don't NEED the car, and are not jumping up and down like a 10y/o at christmas. Every market area is different. I bought on the 2nd to last day of the month, a Friday.
If the sticker on the vehicles glass was to be believed the dealers market adjustment sticker pushed the price if the sticker to 49.9k, I paid 40434.44 . factory msrp was 46.9k+dealer market adjustment making it 49.9k .
What they put on the car and what the car sells for depends on the person buying and willing to walk away.
Over $40k for an Ecoboost?
 

Stang565

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Stang565

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Prices are dropping. By next year this will all be a memory.
I hope your right but from what I’ve been reading I think this shift in what’s happening is going to change a lot of things when it comes to vehicle pricing and ordering. I just saw a article where Ford’s CEO was complaining on how they loose a ton of dough to incentives. He said going forward they will only keep at most 30-60 days of stock at any given dealer.
 

Crowd Hunter

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Man they got it at $37,999 now!!
That's a great deal. $400 shifter, $1100 Ford Performance calibration kit, $1000 in shocks and springs, and only 463 miles. It has also has paint correction done and it's super clean. Someone will truly get a great car. It's mint.

Oh, and the clutch pedal spring has been pulled out.
 

Stang565

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That's a great deal. $400 shifter, $1100 Ford Performance calibration kit, $1000 in shocks and springs, and only 463 miles. It has also has paint correction done and it's super clean. Someone will truly get a great car. It's mint.

Oh, and the clutch pedal spring has been pulled out.
Man wish I would of saw that before I bought my Bullitt last week especially knowing what’s been done to it. Might have given it a serious thought.
 

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Crowd Hunter

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Man wish I would of saw that before I bought my Bullitt last week especially knowing what’s been done to it. Might have given it a serious thought.
It had 681 miles when it left my house on a truck, so I'm assuming no joy rides yet.

I've bought 9 new Ford vehicles, and they always seem to have some defects. This car was flawless from the dealership. Best condition of any Ford vehicle I ever bought.
 

shogun32

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He said going forward they will only keep at most 30-60 days of stock at any given dealer.
that's not up to Ford since the dealer is the one carrying inventory. Incentives are regional so unless Ford polices dealer inventory vs sales at each large dealer they will be forced to deny dealer orders. And dealers had no compunction ordering cars under the staff's names and falsify customer orders for the Mach 1. Granted those numbers are a mere handful.

What Ford really needs to understand is that their product is overpriced, sometimes significantly so and poor sell-thru is not remotely because of over-inventory, but pure lack of demand, that 30-60day supply will not solve.

Executives esp in Detroit it seems are incapable of accepting that their product is just not good enough and that yes, their sh*t does stink.
 
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Cobra Jet

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which is insanity squared. The MSRP was 40.4 and I bought the same car for 36 in Jan 2019
what’s even more insane is that:

People are out paying those ludicrous prices for used vehicles (and some new)

My Credit Union sent en email just last week stating that they are financing up to 105% on used vehicles….

@shogun32 - like we discussed previously, this is gonna be the same “crash” as the housing market did during the 2007-2012 period.
 

JUNQDAWG

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The used market is dropping w/o question. Dealers are over saturated and, because of the resurgent COVID issues, many large companies are delaying their return to the office mandates.
Would it be rude for a Fellow Texan to ask what it "cost to Drive that Beauty out off the lot . ?
It's a gorgeous color .Did you buy it local ? They are tough to find in East Texas . Junqdawg
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