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SVTPerformance's Chain of Restaurants
The Market
Vehicles For Sale
Shelby GT500 Buy/Sell
13 Grabber Blue GT500, 8,300 miles
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<blockquote data-quote="layzie" data-source="post: 16818082" data-attributes="member: 97182"><p>Nice car OP.</p><p></p><p>Ill put it into perspective Jpro</p><p></p><p>All the other cars out there that are 30 days or more on market are coming down 3-6k ish. Which is NOT much since there all keeping a solid 3-4k reserve for negotiations.</p><p></p><p>The giant problem we ALL have right now, buyers AND sellers is financing.</p><p></p><p>In July, both JD power and NADA had these cars valued correctly. As of sep 1st.. or somewhere around there (don't know the exact day) JD & NADA re-evaluated or should we say "De" valued alot of cars. Especialy the gt500's. Example: a 2014 with 2000 miles with all options checked is down to a measly 38k. 35k for no moonroof or Track pack... a bank WILL NOT loan higher than that without using one of those super high 150% loan to value loans which only children accept.</p><p></p><p>So now you have to have a significant amount of cash to be a player in the 2014 or less market.</p><p></p><p>I feel like the PREDATOR'S are getting very close to MSRP, NEW AND old... so the values of these cars are dropping as more and more inventory (2013/2014) are added. (Large supply) I do NOT want that to happen but more and more are coming in each day as a the new gt500 market drops.</p><p></p><p> During winter. ALL gt500s "MAY" have a significant drop while supply remains high due to the trade upside to the newer gt350s and 500s.</p><p></p><p>I am worried that if I buy a 60k car tomorrow, it may be worth 50k in a few weeks / months.</p><p></p><p>On the other hand, I'm worried that if they do take a significant impact. Alot of people will simply hold on to them and decide not to sell.</p><p></p><p>Either way we all take hits.</p><p></p><p>Does this makes sense?? anyone have a better outlook to share?</p></blockquote><p></p>
[QUOTE="layzie, post: 16818082, member: 97182"] Nice car OP. Ill put it into perspective Jpro All the other cars out there that are 30 days or more on market are coming down 3-6k ish. Which is NOT much since there all keeping a solid 3-4k reserve for negotiations. The giant problem we ALL have right now, buyers AND sellers is financing. In July, both JD power and NADA had these cars valued correctly. As of sep 1st.. or somewhere around there (don't know the exact day) JD & NADA re-evaluated or should we say "De" valued alot of cars. Especialy the gt500's. Example: a 2014 with 2000 miles with all options checked is down to a measly 38k. 35k for no moonroof or Track pack... a bank WILL NOT loan higher than that without using one of those super high 150% loan to value loans which only children accept. So now you have to have a significant amount of cash to be a player in the 2014 or less market. I feel like the PREDATOR'S are getting very close to MSRP, NEW AND old... so the values of these cars are dropping as more and more inventory (2013/2014) are added. (Large supply) I do NOT want that to happen but more and more are coming in each day as a the new gt500 market drops. During winter. ALL gt500s "MAY" have a significant drop while supply remains high due to the trade upside to the newer gt350s and 500s. I am worried that if I buy a 60k car tomorrow, it may be worth 50k in a few weeks / months. On the other hand, I'm worried that if they do take a significant impact. Alot of people will simply hold on to them and decide not to sell. Either way we all take hits. Does this makes sense?? anyone have a better outlook to share? [/QUOTE]
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SVTPerformance's Chain of Restaurants
The Market
Vehicles For Sale
Shelby GT500 Buy/Sell
13 Grabber Blue GT500, 8,300 miles
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