I get the financial side. I never bought either car with the anticipation or idea to make money. There cars. And were purely wants for me. They’ll be there for my boys when there older. That means a lot more to me then the dollars. Your not wrong on values being up or your assessment for the most part. There up across the board, cars, trucks, equipment, etc. With a new Mach 1 being low 60’s, I paid high 63’s for my loaded 20 350 new, it’s easy to see how the values are what they are. I completely understand being financially responsible, but I don’t have to get a deal on something to enjoy it. The difference on 50k to a 60k car loan over 72 months for example is about a hundred bucks a month. That won‘t affect any professional’s life in my opinion, not in a negligible measure really. And time is one thing no amount of money will bring back. But you have to do whats best for you and your family, no judgements there. Congrats on the new one coming. Holy shxt does it change with two. Lol
Congrats on the twins, I bet they love riding in the Shelby. I have a 3 year old boy and another one cooking due mid April. They are definitely driving my decision to get a Mustang versus some other two seater!
I'm a new physician, so I have a good income but no wealth. Sadly I just started on my 'grown up' job this calendar year, otherwise I would have pounced on a 2020 or a lightly used 2019. As you may have guessed....I strongly disagree with the conclusion that prices will continue to rise on all cars, hah. I do think the low-mileage R cars will continue to do well, even if they do dip a bit. But the bread and butter GT350's I do think are overpriced, as is pretty much every single car in this market. For example, I have offers of $23k, $24k, and $25k from carvana/carmax/vroom on my 2016 MX-5, a car I paid $24k for back in 2017. It only has 14k miles but that's still insane for a car that is in no way shape or form limited. When things settle down, I strongly feel that people paying ~$65k+ for lightly used 2019 GT350s (what I'm looking at) are going to get hosed and experience massive $10k+ depreciation in the span of a year or so. And maybe they are OK with that, but for me, right now, I want to try and build wealth, and losing that would leave a sour taste in my mouth to the point that I might regret the car, which is just silly when I'm buying it for fun.
TLR I expect a new sports car to lose ~50% of it's initial value over 5 years, but I think people buying used GT350's are going to get to experience the same sensation after buying a used car in less time, and I don't want to experience the latter.