Used S550 Prices going up?

IrishStallion

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They were discounting brand new 18’s 6-7k off list like everywhere back in June 18. My car was 41,680 list and bought with trade 34,600. Timing is everything... ;).





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WildHorse

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Yep. In my neck of the woods I can sell my 17 for close to what I paid for it brand new !! Thank you stupid high prices on some of the 19+ !! Nobody wants an 18 haha,
 

Copperhead73

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You all ain't seen shit...look at Jetskis!
 
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Aviboy97

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  • Thread starter
  • Thread Starter
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You all ain't seen shit...look at Jetskis!
Thats true.

I bought a new 17” Campion boat in 2005 for $16,000 after tax, with trailer and sold it in June for $11,000.
 

moses19

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My 2015 GT has actually slightly rose in value according to KBB since I bought it a year and a half ago. And that's with me adding 17,000 miles on it. Whether they are selling for what KBB lists them at, I am not sure.
 

bnightstar

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I’m mostly looking at copart for new track car which mean front impact car. 3 months ago this were going for 6000$ now they go for 8000$ there is something going on with the market.
 

TheGame1190

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I paid $26k for my 2015 with 6k miles two years ago. I just traded it in with 25k miles and they gave me $22k for it. Listed it for $27k and it was sold within days. Crazy.
 

Hack

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I bought my last Mustang as a 2017 earlier this year because I don't love the changes to the body, engine and transmission in the newer cars. At that time the prices hadn't gone up. Just wait until all you can get is a little turbo engine or an electric motor in the new Mustang. If that happens, used prices will rise even more.
 

Mustang5ohMan

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I would say they’re holding really strong and depending on the market are overvalued.. great for the seller.

For reference, I paid $29.9 or so for my 16 in latter 2018. It had 5,800mi and is a base, performance package.. security package. Those are about the only options.

While it was more than I wanted to spend (was shooting for $26k or less), the market area (south Florida) pretty much allows the dealer to control the market due to demand.

The others I looked at that were going for less either were non PP cars, higher mileage or had an accident history.
Yeah I have seen the values go up... I am also in south Florida. At first it looked like it was a bad time... guess since so many are out of stock it what’s drives the used values up... but I don’t know.
 

S550VertCS

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It's happening in the housing sector too. There is a lack of new homes so existing house's prices have shot way up. In my area, I have a corner house, so biggest lot on the street. When I bought it 8 yrs ago it had been upgraded and made open and modern. Also has a carport area converted into a Great Room with vaulted ceilings.

3 houses have sold on my street in the past 4 months. All of them 300 less Sq ft, and much smaller yards, for up to 60k more than we paid 8 yrs ago. Damn that I am not ready to sell. Lol

Wife has been monitoring house sales all over the area and it's the same. Existing housing prices have shot up, and a real estate friend of ours told us u should see the bidding wars that now go on for existing houses.
 

ice445

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It's happening in the housing sector too. There is a lack of new homes so existing house's prices have shot way up. In my area, I have a corner house, so biggest lot on the street. When I bought it 8 yrs ago it had been upgraded and made open and modern. Also has a carport area converted into a Great Room with vaulted ceilings.

3 houses have sold on my street in the past 4 months. All of them 300 less Sq ft, and much smaller yards, for up to 60k more than we paid 8 yrs ago. Damn that I am not ready to sell. Lol

Wife has been monitoring house sales all over the area and it's the same. Existing housing prices have shot up, and a real estate friend of ours told us u should see the bidding wars that now go on for existing houses.
It's typical pre recession stuff, people that can invest in secure assets like real estate and such, do so. It also helps that the credit markets are teetering on the edge trying to get people to borrow, I'm seeing mortgage interest rates as low as 2.6% in my area, which has consistently strong housing demand and low supply. It's created a paradise to sell...anything that's any sort of asset really.
 

20Magnetic18

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Carvana quoted me almost $32k for my 2018 with 9000 miles. Buddy said they offered him $26k for his 2016 with I think 40-50,000. I’d do it if I really needed the money and I could find a 2020 for what I paid for my 18 with the same options but that ain’t gonna happen. Carvana also offered I think $29k for my 2017 Tacoma with 43,000 miles but I’m keeping that truck hopefully until it falls apart.
 

18usc371

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They certainly have gone up.

Ave Price / 30 day change / 90 day / Year change:
E2B28317-94E3-42D1-B87B-584DFDCAD01B.png
 

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