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STO 50K Over

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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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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?
Everything is dropping somewhat. Lamborghinis are going to hold their value and depreciate slower that other cars/real estate in general.
Ask yourself, "do you love it?! Are you willing to take a financial hit? How much?"
100k sounds like a no for you.
50k sounds like a maybe?
So then offer 25k over and drive her off into the sunset. 🥰
 

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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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Discussion Starter · #45 ·
Everything is dropping somewhat. Lamborghinis are going to hold their value and depreciate slower that other cars/real estate in general.
Ask yourself, "do you love it?! Are you willing to take a financial hit? How much?"
100k sounds like a no for you.
50k sounds like a maybe?
So then offer 25k over and drive her off into the sunset. 🥰
What's your goal?
Here is the idea I was thinking. I have a 23 H Spyder rwd that should be coming in soon and with that car I don't care to put 10k miles a year. But with this car, I couldn't see myself doing that because how spacial the car is and especially having the evo Spyder. This would be more of an eye candy and hopefully a collectible one day. So do I dare to say this..... can this be a good investment opportunity? I know I will hear a lot people bagging on this idea but that's what my idea was. With that said, I wouldn't mind paying over on a car that I can enjoy everyday. But, I would hate to purchase it, barley drive it, and lose on it.
 

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Discussion Starter · #46 ·
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.
They are saying the truth, that is the situation for the owner. Thanks for your thoughts!
 

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Discussion Starter · #47 ·
1) that’s a good deal on STO
2) go for it if you want an STO
3) there shouldn’t be many distress sales of STO (the lease residual % is very high and existing owners monthly payment is low )
4) maybe not applicable because it’s on consignment vs dealer owned and below market value but a big advantage of buying above market price through a franchised dealer is that one can parlay this to getting future in demand cars or getting them sooner vs other customers in the future (discuss this with dealer when negotiating ) .
That is definitely the advantage, I would be considered an "exclusive buyer" which would open the doors to new cars.
 

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Discussion Starter · #49 ·
Depends how bad you want it. There are quite a few for sale.
Just wait another week or 2 and offer $20K over if you really want it. Or better still offer sticker price and see what happens. From there you can always negotiate up to 15 -20K over....
Thats the plan but they mentioned that the owner will most likely put it in action if he doesn't get the 50k. so we shall see.
 

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Discussion Starter · #52 ·
STO's are special cars so $50k over really isn't that bad. Although I'd try to offer $40k over. If its a nice spec you like go for it. They're only gonna get sold in the future with higher miles/more wear n tear. There's no allocations left, the nice spec ones will demand the most premium.
The spec is great, maybe a little to great. Has some unnecessary things which I wouldn't have spect but very clean car.
 

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Discussion Starter · #53 ·
Everything is dropping somewhat. Lamborghinis are going to hold their value and depreciate slower that other cars/real estate in general.
Ask yourself, "do you love it?! Are you willing to take a financial hit? How much?"
100k sounds like a no for you.
50k sounds like a maybe?
So then offer 25k over and drive her off into the sunset. 🥰
At 25k I would be confirmable but they are not taking it.
 

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yep, as long as we have elevated inflation, prices must remain higher, i doubt we’ll see some massive crash in the STO market
inflated over 2019? sure. there is a lotttt of blue sky for current pricing to fall and still stay higher than 2019. And certain types of inflation are coming down faster than others; used cars are definitely dropping faster than rents.
 

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Can really see STO sitting and going lower each week. If the owner is desperate, he’ll take MSRP and be grateful. Winter is here, STO isn’t going to be doing much and the nonsense market is equalizing very quickly.


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