word302
Well-Known Member
You do realize people are making money on new wranglers after driving them for several months? Your 15% value is an average, and it isn't even close for wrangler.Oh yeah, I forgot, we're not in an auto bubble or anything. So if the dealer added a bunch of stuff and also put a "sticker" in the window that changed the total value to include the parts and labor of that additional stuff, would you also believe the vehicle is now worth that price?
Do you know what your vehicle is worth the moment you drive it off the lot? Why isn't it worth the sticker price once it has been registered?
Go to your favorite "find my car's value" site, select your vehicle but mark it as used. Put in all the options that you purchased and what mileage it was at the day you purchased it. That 58k vehicle or whatever price, isn't worth that anymore now is it. The price that it shows would be the price you should be paying and/or reducing your loan amount to if buying today.
Now you can pay how many ever thousand but to keep the vehicle on par with depreciation you are going to want to put down and / or negotiate enough money to bring the loan amount to the what the vehicle is truly worth. That way, when you are paying payments, there is a far better chance of the loan and the depreciation of the vehicle matching as the years pass. Paying more will cause one to always be upside down in the vehicle which essentially forces them to keep it or add the amount that they are upside down to a new loan when purchasing the next vehicle.
In some cases you may not be able to select the vehicle due to it not being added to the site yet or not enough data to determine the value. If that is the case you may need to pick the earlier year if it's the exact same vehicle. There would be a difference in price when dealing with a 2019 and using a 2018 as a reference and as the months pass it would loose any accuracy.
You can tell your friends that it is a 58k vehicle and brag to your girlfriend but don't bs yourself into thinking it is.
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