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STO 50K Over

5799 Views 80 Replies 30 Participants Last post by  LHP
My dealer just called me saying that they have a 22 STO with 500 miles for 50k over. Msrp is 412k, so it would make it 462k. A week prior they sent me the same car at 100k over but now they are saying the car is on consignment and the owner needs to make room in his garage and wants to sell quick. Smart move? or wait it out to see where things go. I got screwed on a G63 and don't want to make the same mistake. I know these cars are more limited, should the market for them stay stronger?
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Gotta love the classic "selling to make room" anyone that has hundred thousand dollar cars can afford a lift.

I agree STO will not crash like many anticipate. Cars don't come back down to normal pricing after inflation. Pricing is the new norm.
I sell to make room often. I also have a lift, but I typically want to sell one thing for another. Example, selling my 2022 evo as I have a tecnica coming. Not unusual at all.
 

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This.

It's easy for folks to comment from the sidelines but there are still lots of buyers out there. Also the spec matters...that Seattle one at $20k over was heinous.

Should you buy one at $50k over? Only you can answer that. If you like the car and the spec then $50k over doesn't seem too bad...but agree you can give it a few weeks and see if they'll take something lower. Maybe you miss out in the meantime, and if so then plenty of other opportunities will come along.

Even as the market softens there are plenty of buyers. My 22' EVO coupe just sold for $40k over within 3 weeks. And yes I sold it to "make room" so totally a reasonable selling reason.
I also received a $40k over on my 22 EVO, well, $38k to be exact. I haven’t accepted it, but the market is there for sure. I made offers on 2 cars, non exotic, and my offers were reasonable, only a couple thousand less than ask and both sold at full ask(they were priced well,) within a day or two of my offer. I didn’t need the car which is why I didn’t step up, otherwise I would’ve, but make no mistake people are buying cars
 

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I promise you that you didn’t get major offers substantially above MSRP in the last 14 days for an STO. My friend had dealers begging for his 992 GT3. Now that he got his GT4 RS, he went back and every dealer is either MSRP or 10k over. Quite the different story from summer where it was 60k over no questions asked.

G wagon market same thing, complete shambles. In an era of free money, 0-2% interest, 300-800% gains on stocks and crypto, people were able to do silly things without a care. That time is over.
G wagon market is something to talk about. Can’t believe people were paying $100k over retail. Insane
 

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"Due to market speculation and correction, this dealership potentially lost $3-5 million on its order of 75 Mercedes-Benz G-Wagons."
Learn From This Car Dealership's $5 Million Mistake
This is Mercedes Benz of Hoffman Estates. Th why have a ton of them. They are owned by Ziegler and have so much money they can care less.

Interestingly, back in 2016, I sold them a G on trade in, and they were reluctant to even take it. They had 0 on the lot and never carried them. Tried to lowball me but I convinced the sales manager to give me a hefty trade value based on some negotiating and market facts. Long story short, they sold it within a week and then started to carry them.
 

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50k doesn’t sound bad compared to MSRP but they’ve been free falling.

Like everyone says, how much do you want it? Me? I wouldn’t mind waiting a bit more.


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I wouldn't consider the current state of the Lambo market free falling, but, heading into winter, i'm inclined to agree with you on waiting, unless of course you are a warm climate.
 
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