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On a serious note… I would do either of the two… both are great financial lessons…

1.) purchase an early 1970s muscle car.
Best advice right there! I still have mine (my first car in 2003) that my parents bought me for $8,200. I can sell it around $35,000 today, more if I update the inside and put AC back in it.
1973 Chevy Nova 350 bored out… feels slow as hell if I drive it after the lambo lol.
Wheel Tire Car Vehicle Automotive parking light
 

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Went car shopping for my daughter this past weekend. Basic Hondas and Fords are selling over sticker.
I took the Jeep GC in for routine maintenance today and was surprised to see the dealership lots with growing inventory. Spoke to the sales rep about a new jeep and they said it’s at MSRP, nothing over and nothing under…

I also track the carmax price for my jeep and it decreased by $4,200 from when I checked it just over a month ago. Only added 1k miles since I last checked. 2019 under 34k miles.
 

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I just received an email from a Central Texas, used exotic car dealer that mentioned price cuts and cars on special. One was an Urus and one was an A SV. There were others, like a new vette, but as it pertains to Lambo, two of theirs are being discounted and they e-blasted to make it more aware!
 

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Big Jump on Auto Trader for ALL H’s (not a specific model or year) within the US. It was something like 380 last week and is now 420.

400 on Car Gurus which is up quite a bit too.
 
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The dealer in Scottsdale I was talking to who then disappeared, has come back over a week later and said he’s bad at technology and emailing but wants me to come in…

my phone number is auto in my email signature so he could’ve called lol. Clearly he thought he had someone else on the hook for more and that person walked so now he’s coming back to me.

I told him the inventory is increasing daily with numerous price cuts, so I’m in a holding pattern now 😁
 

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Would be inteesting to have a graph of the Numbers... week by week
I started building something like this and was going to sell it to dealerships (The company I work at is in this type of space but for a diff industry). Then I got too busy. Someone should do it. Go hire a data entry person on Fiverr or Upwork and get a running log of the VINS and Carfax reports. A lot of people would love to have this info on the luxury auto market.

*I'd imagine Cargurus should have this back-end data. I haven't been able to find a public facing product of theirs that provides these insights though.
 

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You guys are making me nervous................who would be willing to take my STO for free if I offer free shipping? :ROFLMAO: Besides I don't think I can make the first payment.............
Shoot, you did the variable rate APR too? Mine just adjusted and I’m about to give it back to the banker 😜
 

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That's why I put all of my car purchases on a credit card with a fixed rate. No matter how many times the FED raises points, no way they ever touch my 24.99% interest rate. No surprises for me. 😎
Wish I had thought of that! Maybe I’ll do one of these credit card balance transfer offers and move my loan to the credit cards too! Genius idea 😁
 

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Do dealers not have a carrying cost of vehicles on the lot? I’d imagine they have a financier who helps them finance inventory, and as the cost of borrowing increases, it would put further pressure on their need to turn cars.
 

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I’ve reported a few that are posted. Some of these dealers have started posting cars as lead gen when they don’t even have it. I’ve called out private party also who use dealer pics from two years ago when they bought it… when pics don’t match the description, or the pics show it’s at a dealer yet it’s listed as private party - red flags.

i saw one posting with Tecnica pics and listed as an LP Gallardo.
 

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I’m willing to take over the hyper bear title. I’m bullish on a bearish market. Some older (2015-2018) H’s have hit cargurus and AT that are nearing 200k for 20-30k miles. One a convertible. Haven’t seen that, as they’ve all been hovering around 250k or more.
 
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