[Luzifer]

That's exactly the reasoning I used when I sold my Michael Jordan rookie card in August of 2020 after buying it in January. Only problem is I ended up leaving a lot of money on the table even though I doubled my investment. On top of that now that I no longer have the card it just makes me sad.

Even though I don't look at my Skinny Puppy memorabilia collection anymore that's right behind me as I type I could not depart with it even if I was offered double. These items are so rare it would be impossible to get them back. Took me years and a whole lot of money went into it. I got them because I was the high bidder each time.

 

[Hogdogfatkat]

It’s great to see high mileage huracans listed. Shows how well the vehicles are built. A newly listed 2015 610-4 with 83k miles hit the market for $175k private party: Autotrader - page unavailable

 

[static_analysis]

175k for an 83k mile Huracan is pretty good. I intended for my EVO to reach that kind of mileage someday.

 

[angry banker]

It’s great to see high mileage huracans listed. Shows how well the vehicles are built. A newly listed 2015 610-4 with 83k miles hit the market for $175k private party: Autotrader - page unavailable

That v10 is bombproof. Been in production for so long; they can probably churn these things out in their sleep.

 

[Lambo2018]

they can probably churn these things out in their sleep.

Oh, maybe that explains the EVO infotainment system woes.

 

[EVORWSP]

Actually this V10 definitely is said to be indestructible.
A monument of an engine. Keeper in itself.
Take it and build a vehicle around it. Any.

 

[Luzifer]

Six more Huracans popped up for sale in one week, now at 32 on autotrader, and everyone trying to sell higher than the other dealer or private seller.
Two that made me chuckle, both 2021 Evo Spyders, asking 478K and 489K for them!

Ok who passed on the memo to sell their cars this week? 5 more cars for sale in one week!

Now totalling 37, come on put those cars for sale right now, keep em coming!

Hopefully phase 2 is about to begin.

 

[Huracaan]

Ok who passed on the memo to sell their cars this week? 5 more cars for sale in one week!

Now totalling 37, come on put those cars for sale right now, keep em coming!

Hopefully phase 2 is about to begin.

End of the bull car market is almost over...

 

[Feron315]

Ok who passed on the memo to sell their cars this week? 5 more cars for sale in one week!

Now totalling 37, come on put those cars for sale right now, keep em coming!

Hopefully phase 2 is about to begin.

Not surprising at all. We are in summer and with the uncertainty and looming recession, everybody has the same idea to want to cash in for a higher resale value before they take a dive.

 

[Luzifer]

End of the bull car market is almost over...

There's 3 orange cars, they just have to drop reasonably. I should start preparing.

 

[RayVegas]

Ok who passed on the memo to sell their cars this week? 5 more cars for sale in one week!

Now totalling 37, come on put those cars for sale right now, keep em coming!

Hopefully phase 2 is about to begin.

End of the bull car market is almost over...

I am on record dumping my STO 2 weeks ago. I believe what I got as wholesale will be retail pricing by the fall. Right now, the lowest are at 499K and median is about 550K. We will see 50K drop from here by the fall. Probably 75K drop and small chance of 100K drop sometime next year.

 

[angry banker]

Can I interest anyone in a 12k mile 458 Italia for $290k?

Autotrader - page unavailable

www.autotrader.com

I am on record dumping my STO 2 weeks ago. I believe what I got as wholesale will be retail pricing by the fall. Right now, the lowest are at 499K and median is about 550K. We will see 50K drop from here by the fall. Probably 75K drop and small chance of 100K drop sometime next year.

We should do an over/under friendly betting pool for median prices for EVOs and STOs 6, 12, and 18 months forward

 

[Luzifer]

Not surprising at all. We are in summer and with the uncertainty and looming recession, everybody has the same idea to want to cash in for a higher resale value before they take a dive.

Slow down maybe, recession I'm not sure. I'm not talking about everyone but many people are making more money than ever working from home and that's good news for my biz at least.

I'm still perplexed why anyone worries about a recession if they can afford a Lambo.

 

[RayVegas]

Can I interest anyone in a 12k mile 458 Italia for $290k?

Autotrader - page unavailable

www.autotrader.com

We should do an over/under friendly betting pool for median prices for EVOs and STOs 6, 12, and 18 months forward

STO is easier because most are low miles and make for easier comps. I’m guessing 450k low asking, 500k median late this year and 425k/475k next year.

 

[2Tired]

Slow down maybe, recession I'm not sure. I'm not talking about everyone but many people are making more money than ever working from home and that's good news for my biz at least.

I'm still perplexed why anyone worries about a recession if they can afford a Lambo.

Just because I can afford luxury items doesn't mean I'm going to stop paying attention to current events, the market, or stop using my collected information to make financial decisions... If someone has an asset that has appreciated, and there's a recession looming on the horizon, it only makes sense that some folks would want to maximize their gains while they can. Honestly seem rather simple to me.

 

[Hogdogfatkat]

I have my sights on one of the H’s listed online. Exact exterior and interior scheme I’ve been wanting. Now I want to see that price drop 30-50k 😎.

 

[Luzifer]

Just because I can afford luxury items doesn't mean I'm going to stop paying attention to current events, the market, or stop using my collected information to make financial decisions... If someone has an asset that has appreciated, and there's a recession looming on the horizon, it only makes sense that some folks would want to maximize their gains while they can. Honestly seem rather simple to me.

It makes sense if you have no attachment to the car what so ever. Maybe you have another comparable car that you enjoy in the mean time.
Me however I think differently, I could of made a profit selling my C7 but I would be without a sports car. Also the spec I have is very rare in the country and so far I love it. I could not depart with it now.

Same for a Lambo if I had one I wouldn't want to sell it even if I made a profit unless I got tired of it and would want to move into something else. Then again all other brands have risen too so it's not a win either.

Last, (not a 100% sure on this) but if you make a profit on selling the car you have to declare it as a capital gain and the government might take 40-50-60% of the profit.

 

[lambo_dream]

Ok who passed on the memo to sell their cars this week? 5 more cars for sale in one week!

Now totalling 37, come on put those cars for sale right now, keep em coming!

Hopefully phase 2 is about to begin.

There was an orange 2015 610 asking $288k and it sold within 1-2 days. Im not keeping my hopes up that this market will come down any time soon, seems like there's far more demand than supply. Crazy to think a 7 year old car is getting almost the same as a new base Tecnica.

 

[Feron315]

It makes sense if you have no attachment to the car what so ever. Maybe you have another comparable car that you enjoy in the mean time.
Me however I think differently, I could of made a profit selling my C7 but I would be without a sports car. Also the spec I have is very rare in the country and so far I love it. I could not depart with it now.

Same for a Lambo if I had one I wouldn't want to sell it even if I made a profit unless I got tired of it and would want to move into something else. Then again all other brands have risen too so it's not a win either.

Last, (not a 100% sure on this) but if you make a profit on selling the car you have to declare it as a capital gain and the government might take 40-50-60% of the profit.

I think not everyone who has a lambo has a lot of FU money to not care about depreciation. I, for example, only have enough extra cash to buy one luxury car as a toy and would let go of my 992 TTS this summer to maximize my gain. Hopefully, I might get a tecnica next year, but who knows. Also not to mention a lot of the crypto ppl favour lamborghini and Mclaren, and a lot of their investment vaporized over the last two months. They probably would like to cash in as opposed to keeping the car just so they can enjoy haha.

And no, most people won't be stupid enough to declare a gain on their car lol. I don't care whether we are supposed or not but I already pay enough taxes to this stupid government. Same thing when people make a gain on collectibles (watches, cards, shoes etc), I doubt they will declare that as well.

 

[Huracaan]

Slow down maybe, recession I'm not sure. I'm not talking about everyone but many people are making more money than ever working from home and that's good news for my biz at least.

I'm still perplexed why anyone worries about a recession if they can afford a Lambo.

The first things to drop in a recession are cars and luxury goods so it doesn't matter if you can afford a Lambo or not, no one is buying luxury goods when the ecomony is going to crap.