[Huracaan]

My SA over the past 2 years went from begging me to buy cars, ignoring my calls, telling me he couldn't get me allocations for the Urus or Tecnica and back to calling me again asking if I'm interested in buying any used cars they have in inventory.

I'm waiting till next week when he calls asking if I want to pick up cancelled orders. About time dealers get a dose of reality.

 

[Lambo2018]

You guys have it easy with your only concern being when will the bubble burst. Heck, I’m in IKEA with my wife and she is hell bent on looking at everything.

 

[Lambo18Feb]

Will only hurt flippers. The rest of us will be business as usual. Looking forward to normal car market, more availability and being able to buy private party so I can shop seller too.

For me the biggest satisfaction would be to see dealers getting a reality check and all those real customers that they pissed off for a short term gain coming back at them...

 

[JD95]

My SA over the past 2 years went from begging me to buy cars, ignoring my calls, telling me he couldn't get me allocations for the Urus or Tecnica and back to calling me again asking if I'm interested in buying any used cars they have in inventory.

I'm waiting till next week when he calls asking if I want to pick up cancelled orders. About time dealers get a dose of reality.

Seems like every dealer has been behaving this way. It’s only a matter of time

 

[kotykb]

You guys have it easy with your only concern being when will the bubble burst. Heck, I’m in IKEA with my wife and she is hell bent on looking at everything.

haha I agree, if the Huracan bubble bursts are you not all concerned about your home values, stock investments etc.??? Who cares if our Huracans go back to MSRP or under when our $SPY/$QQQ goes down 20/30/50% from ATH's. I personally think the $SPY needs to go back to pre-covid highs of 320-350 to unwind all the funny money (NOT INVESTMENT ADVICE)

 

[RayVegas]

Blood bath? Hope there are no vampires in our ranks. 🦇 🤣 If things go south I will hit @RayVegas up for a loan. I heard he’s flushed with cash.

Lol….

I guess I am getting immune to all this bubble stuff, honestly I just don't care anymore. If the market does collapse does that just mean we go back to normal?

Yes and I hope so.

Will only hurt flippers. The rest of us will be business as usual. Looking forward to normal car market, more availability and being able to buy private party so I can shop seller too.

Yep.

On a separate note, someone mentioned to me today that there’s an STO on the ground asking ADM of $30K which seems ridiculously low. If I get more info on what dealer it is, specs, etc, I will post that info here. At that number, someone in here has to be interested. All I know is it’s a blue one and awaiting PDI

 

[Huracaan]

haha I agree, if the Huracan bubble bursts are you not all concerned about your home values, stock investments etc.??? Who cares if our Huracans go back to MSRP or under when our $SPY/$QQQ goes down 20/30/50% from ATH's. I personally think the $SPY needs to go back to pre-covid highs of 320-350 to unwind all the funny money (NOT INVESTMENT ADVICE)

You should be concerned if you purchased/invested in the past 2 years.

Personally speaking RE prices dipping doesn't impact me because I didn't purchase my principle residence or my investment properties during the madness and I didn't leverage against my properties. I also have no intention of selling my proprieties. Same with my stock portfolio, I cashed out what I could and left the rest as long term investments.

 

[Huracaan]

Lol….



Yes and I hope so.




Yep.

On a separate note, someone mentioned to me today that there’s an STO on the ground asking ADM of $30K which seems ridiculously low. If I get more info on what dealer it is, specs, etc, I will post that info here. At that number, someone in here has to be interested. All I know is it’s a blue one and awaiting PDI

It'll be $15k next week lol.

 

[Hogdogfatkat]

I’ve been speaking to a dealer about one of their H’s listed at 249k and I offered 215k. He’s still talking to me despite my offer lol. We will see where this goes.

 

[RayVegas]

It'll be $15k next week lol.

Nah, even though I’m bearish and don’t pay ADMs and only sell into them, $30K over is a bargain by todays standards. Someone here has to want it. I’m not sure if the Seattle dealer ended up selling their STO allocation that they were asking $50K over for a few weeks back.

 

[Lambo2018]

haha I agree, if the Huracan bubble bursts are you not all concerned about your home values, stock investments etc.??? Who cares if our Huracans go back to MSRP or under when our $SPY/$QQQ goes down 20/30/50% from ATH's. I personally think the $SPY needs to go back to pre-covid highs of 320-350 to unwind all the funny money (NOT INVESTMENT ADVICE)

I'm not worried. BTW, I have an STO I can sell you for 1/2 price.

 

[Russk]

You should be concerned if you purchased/invested in the past 2 years.

Personally speaking RE prices dipping doesn't impact me because I didn't purchase my principle residence or my investment properties during the madness and I didn't leverage against my properties. I also have no intention of selling my proprieties. Same with my stock portfolio, I cashed out what I could and left the rest as long term investments.

As far as the stock market goes, real estate etc, the majority of my investments have been with my for a long time. I have been through several big market corrections and learned how to endure them with little pain. My car game is just for fun and amusement, I never thought of them as investments except for investing in my psychological health.

 

[kotykb]

You should be concerned if you purchased/invested in the past 2 years.

Personally speaking RE prices dipping doesn't impact me because I didn't purchase my principle residence or my investment properties during the madness and I didn't leverage against my properties. I also have no intention of selling my proprieties. Same with my stock portfolio, I cashed out what I could and left the rest as long term investments.

I luckily ordered my car at below MSRP so I'm happy with the entry price and don't expect it to be an investment over time, it should be a depreciating asset. Everyones ATH wealth in 2021 was over pumped by the Fed. I also have no intentions of selling real estate and will only look to buy rentals if values come back to 2018-19 valuations to rent values. With stocks, I'll only look to add to my long term stocks again when the SPY/QQQ hit the 200 week moving averages but will always buy into my VTI/SPY/QQQ biweekly. DCA has worked so far and I'll continue to bank on that method.

If we get a decent economic pullback, it'll be interesting to see where Lamborghini prices the Huracan replacement. I assume the base price will be in the upper 300's due to the massive investment in the drivetrain and to price it near the 296.

 

[Huracaan]

Nah, even though I’m bearish and don’t pay ADMs and only sell into them, $30K over is a bargain by todays standards. Someone here has to want it. I’m not sure if the Seattle dealer ended up selling their STO allocation that they were asking $50K over for a few weeks back.

Few weeks ago it was $50k, this week it's $30k, where will it be next week? ADM's will keep falling as consumer confidence falls.

 

[Lambo18Feb]

Nah, even though I’m bearish and don’t pay ADMs and only sell into them, $30K over is a bargain by todays standards. Someone here has to want it. I’m not sure if the Seattle dealer ended up selling their STO allocation that they were asking $50K over for a few weeks back.

They were asking 60K for Tecnica and 100K for STO when they called me
I said GTFO

 

[Lambo2018]

They were asking 60K for Tecnica and 100K for STO when they called me
I said GTFO

Pray tell, what is GTFO?

 

[Lambo18Feb]

Pray tell, what is GTFO?

What Does 'gtfo' Mean? | Acronyms by Dictionary.com

Gtfo is an internet slang acronym meaning “Get the **** out.

www.dictionary.com

 

[Lambo2018]

What Does 'gtfo' Mean? | Acronyms by Dictionary.com

Gtfo is an internet slang acronym meaning “Get the **** out.

www.dictionary.com

I know but you have a way with words..........you always know just what to say.

 

[Lambo18Feb]

I know but you have a way with words..........you always know just what to say.

haha... I am flattered

 

[RayVegas]

Few weeks ago it was $50k, this week it's $30k, where will it be next week? ADM's will keep falling as consumer confidence falls.

Different dealer and situation. The $50K ADM was for an immediate allocation, so car won’t come for 6 more months or so. This car is apparently on the ground. As bearish as I am, $30K seems too low when I think wholesale is still an easy $50-65K over at the moment.