[topcarbon]

I’m about to get my first Lambo after years of dreaming. Are you all saying I should sell it upon arrival? Are we now in a period that buying is a bad idea? I secured a discount and am excited about my spec but now I don’t know if I can enjoy it. 😢

Forget everything people are saying and buy it
You know what you are buying and the value. Enjoy it in good health

 

[SL55]

I believe he's talking about flippers and dealers so if you're not buying to flip why would you need to sell? It's a good thing we're heading towards a normal and balanced market because this sh!tshow has gone on for way too long.

And let me pull out my tiny violin for all the dealers who overpaid or have a ton of inventory they might not be able to move when the market starts cooling.

 

[surfah]

355 huracans listed on Autotrader as of today (USA Nationwide). Cheapest one is $199k with almost 100k miles on it.

Big difference between listing price and selling price. There wouldnt be 355 H's bloating US dealer inventory if the prices were reasonable.

My one owner 1K mile $270K MSRP H was $190K cash no sales tax. Those buying days will come back end of 2023 at the latest.

 

[surfah]

I’m about to get my first Lambo after years of dreaming. Are you all saying I should sell it upon arrival? Are we now in a period that buying is a bad idea? I secured a discount and am excited about my spec but now I don’t know if I can enjoy it.

Hell no

 

[Rcasa20]

Forget everything people are saying and buy it
You know what you are buying and the value. Enjoy it in good health

Thank you!!! I’m really excited but hate reading about it’s time to sell.

 

[topcarbon]

Big difference between listing price and selling price. There wouldnt be 355 H's bloating US dealer inventory if the prices were reasonable.

My one owner 1K mile $270K MSRP H was $190K cash no sales tax. Those buying days will come back end of 2023 at the latest.

Let us not forget, dealers will list cars that have been sold, and keep listings up to appear to have a variety of inventory only to have many cars not available

 

[Rcasa20]

I believe he's talking about flippers and dealers so if you're not buying to flip why would you need to sell? It's a good thing we're heading towards a normal and balanced market because this sh!tshow has gone on for way too long.

And let me pull out my tiny violin for all the dealers who overpaid or have a ton of inventory they might not be able to move when the market starts cooling.

Are there really a lot of flippers on this forum? My impression is 95-100% are die hard fans of Lambo.

 

[topcarbon]

Are there really a lot of flippers on this forum? My impression is 95-100% are die hard fans of Lambo.

On this forum? No

 

[Lambo2018]

What are the car loan interest rates looking like at this time? I know they are slowly creeping up........

 

[topcarbon]

What are the car loan interest rates looking like at this time? I know it is slowly creeping up........

I guess that would depend on amount loaned and term
Still fairly low under 3 and goes up from there

 

[Huracaan]

Oldest trick by dealers is selling cars between each other and keeping prices high. So many SVJ's sitting on the market have been flipped between various dealers, same with the STO's.

 

[Lambo2018]

I guess that would depend on amount loaned and term
Still fairly low under 3 and goes up from there

Well, 3% doesn't sound that oppressive but this too shall change with the Feds raising rates.

 

[surfah]

Let us not forget, dealers will list cars that have been sold, and keep listings up to appear to have a variety of inventory only to have many cars not available

Dealers keep listing prices of sold cars up to artificially inflate pricing of remaining inventory.

If dealers divulged what their cars actually sold for it would torpedo listing prices

 

[2Tired]

Just impatiently biding my time before buying my next car and doing a massive custom build. The looming recession has me excited.

 

[Hogdogfatkat]

Oldest trick by dealers is selling cars between each other and keeping prices high. So many SVJ's sitting on the market have been flipped between various dealers, same with the STO's.

This tactic was used with masks and Covid test kits during the pandemic between hedge funds. They’d just trade at 10% profit between each other until it was time to sell to the retail market (hospitals and businesses). Doesn’t surprise me it’s happening in the exotic car market too.

 

[tbuff]

Oldest trick by dealers is selling cars between each other and keeping prices high. So many SVJ's sitting on the market have been flipped between various dealers, same with the STO's.

Is sales tax not incurred on a dealer to dealer sale?

Btw Pfaff haz a 130k 93 RX7

 

[Huracaan]

Is sales tax not incurred on a dealer to dealer sale?

Btw Pfaff haz a 130k 93 RX7

Nope, even US dealers buying cars in Canada are exempt.

 

[Huracaan]

I believe he's talking about flippers and dealers so if you're not buying to flip why would you need to sell? It's a good thing we're heading towards a normal and balanced market because this sh!tshow has gone on for way too long.

And let me pull out my tiny violin for all the dealers who overpaid or have a ton of inventory they might not be able to move when the market starts cooling.

I believe we hit the peak in the car market last month and the true impact from raising rates and slowing stock/crypto markets won't be felt until the summer.

Good luck to dealers who are hoarding million dollar+ A's and $500k+ STO's.

 

[Lambo2018]

I believe we hit the peak in the car market last month and the true impact from raising rates and slowing stock/crypto markets won't be felt until the summer.

Good luck to dealers who are hoarding million dollar+ A's and $500k+ STO's.

Hopefully, those dealers didn't pay a million for those A's.

 

[static_analysis]

What about a lightly damaged one from a Salvage auction? Can get barely damaged run and drive units for pretty good prices. That’s always a consideration. I’ve bought TONS of them over the years. Lirerally tons, because cars weigh a lot.

good for building inventory for a rental business perhaps