2019 Plum crazy HC Charger owner here, love love love the car but cash offers are more than what I paid for it. How high will the madness of used car prices go? And will this limited production color hold its value? Thank for any feed back
Hold or let go?
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The value is that you likely paid very normal pricing for this unit.
I agree, if you are done hellcat'n, sell now.
If you plan to buy another, I would hold onto the car vs buying a newer year car, unless you want something very different, WB, Challenger, etc.
I agree, if you are done hellcat'n, sell now.
If you plan to buy another, I would hold onto the car vs buying a newer year car, unless you want something very different, WB, Challenger, etc.
I personally dont think the BMW Supra will hold value better than a RE. Hellcats are now cemented in the general public's mind as an icon of muscle. That Supra is awesome but I think the niche group of followers is smaller. I understand there is a passionate following but this new one hasnt been around as long as Hellcats have and so they are currently a new flavor. But given the same amount of time I think they will depreciate as quickly and as much as a RE. Not to mention the whole BMW thing is a complete fail imo. Ruins any appeal at all for me and prob a small percent of people too.
I didn't realize that we were mortal enemies....
Best of luck to you.
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I wonder how the electric cars will fare for resale values in 15 or 20 years. I'm guessing the batteries go bad just like any rechargeable battery and need replacement, the motors probably just get swapped out with newer models.
I think we love the combustion engine because there are so many different components on the cars that can be changed out to achieve different parameters based on desired criteria. Ever seen a 68' VW Beetle blow a 20' Porsche Cayenne off the track? We like debating between long and short stroke, which exhaust set up to use. I am trying to figure out if I need a 180 degree Thermostat, wtf a 180 degree thermostat means, will it actually make a difference or I'm just tinkering with my toy. When they go electric I consider changing what? Rims and paint? Maybe the suspension? it feels like these machines that I could alter and play with have now becoming the property of the Geek Squad. Technology and detailing becomes the driving cost difference between manufacturers as they will all offer 1 - 4 engine variants that are relatively the same, the difference between a Camaro, Mustang, and Challenger becomes body style?
I think we love the combustion engine because there are so many different components on the cars that can be changed out to achieve different parameters based on desired criteria. Ever seen a 68' VW Beetle blow a 20' Porsche Cayenne off the track? We like debating between long and short stroke, which exhaust set up to use. I am trying to figure out if I need a 180 degree Thermostat, wtf a 180 degree thermostat means, will it actually make a difference or I'm just tinkering with my toy. When they go electric I consider changing what? Rims and paint? Maybe the suspension? it feels like these machines that I could alter and play with have now becoming the property of the Geek Squad. Technology and detailing becomes the driving cost difference between manufacturers as they will all offer 1 - 4 engine variants that are relatively the same, the difference between a Camaro, Mustang, and Challenger becomes body style?
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I don't think your current car, new HC, or new Supra have any particular investment potential or differentiation. All 3 might have a niche appeal in the future but the more sure bet is to view all 3 as depreciating assets that will not then swing into an appreciating phase.
That said, if it's not your only car, and you're not in love with the limited edition PC color, now is a great time to sell, order at 4-5% below invoice, and get a new one in the spring.
That said, if it's not your only car, and you're not in love with the limited edition PC color, now is a great time to sell, order at 4-5% below invoice, and get a new one in the spring.
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I work for one of the biggest Toyota stores in the country. 21 Supra build out is finished. 2022 A91's are a limited run of 600, so finding one will not be easy. They have Market adjustments on them just like a lot of hard to find cars do. Pricing is set by supply and demand, including for your HC.
Just an aside from a guy who has been in the business for 28 years. The thing a lot of people do not understand is that used car values are being pulled up by the Market Pricing on new ones. If you are expecting all the money for yours, you should expect to pay all the money for the new one. Make SURE you have the A91 found and locked in before you dump the HC.
As for the future value, doubtful the A91 will stay up with a HC. The car is just not living up to it's potential, or the hype that was generated.
That said, it's your money, and you should buy whatever puts a smile on your face.
--Jeff
PCP and Sublime can get MSRP or more if the mileage is low AND it is completely stock. Any mods, nope. More than 15k miles, nope.
Historically, most Japanese cars don't hold value across the board. There's a few outliers. I just don't think the Supra is one of them. It's not very innovative, it's a BMW clone wearing Japanese body panels. Mostly. So, the question then becomes, is the Z3 going to hold its value? The answer there is a solid no. Where the A91 is rare, it's not much different from the Premium model in terms of performance. It isn't like a base Porsche 911 vs a Turbo S model or a GT3. It will have a premium on price, but collectors don't usually bend over backwards for little things like aero packages.
One other thing to note on value and rare Japanese cars. Even on those with 500 or less examples made, if they're driven, they tank hard. So, if a person wants to buy an A91 and expect it to hold value, it has to sit in the garage. This is where the Hellcat and A91 comparison will deviate. You can still get top dollar for a used, great condition Hellcat with some miles on it. I don't know if that will likely be the same with a Supra. At a glance, the average book value for the premium trim (non launch edition) 2020 Supra is trading between -15,000 - -8000 under its MSRP right now (the higher loss rate is for cars with >20,000 miles, condition outstanding).
Thanks for all the great responses! My PCP HC was momma's daily for the first year now it's my once a week treat, it now has 10,300 miles and I add about 3 miles a week on it maybe, so the mileage will stay low. It is completely stock and in spectacular shape as I hand wash it and keep it protected with meg's synthetic polish. I will hang on to it and continue to enjoy every moment behind the wheel. Thank you All!
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If you're in a room full of people and you say A91, what do you think the response is compared to you saying Hellcat? Hellcats are already legendary, man. You'll regret getting rid of yours just like all the others. Your beaming smile will turn to just a grin.
If you think buying a new car is an investment you are severely mistaken. A car is a depreciating asset.
Yeah, used car prices have gone up due to very special circumstances. But word is used (and new) car prices are coming down.
If you get an offer too good to refuse for your used car and do not need the car and want the cash to do something else with -- even if it is to buy another car -- then sell your car.
Normally this is true, but not so on Hellcats right now. Mine is only a year old and I haven't received an online offer for mine that wasn't over its MSRP by at least $3,000. I'm not selling as I expect the Hellcats to go out of production in the next year or two. That'll be the time to sell if they do, as then they'll all go up in value. We have Hellcats, not Camrys.
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Exactly this ^^^^^^. I'm stepping up to a HC in 22 if and when Stinger Yellow becomes a real thing. If not, I'll wait for a 23 in either Sublime or Yellow. These cars are the modern day equivalent of the 426 Hemi cars of the 60's and 70's.
--Jeff
Well, I fail to understand how Hellcats can go out of production due to some extent lack of demand then when out of production demand ramps up and drives up prices of used Hellcats which a good number of people here and elsewhere advise are to be avoided.
But if that is the way it goes that's fine. And if you want to believe this will happen and if it does and then sell your car that's fine, too.
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This part of your response could not be further from the facts. There is now, and will continue to be over the next year to 18 months, a SEVERE lack of inventory. Auto manufacturers are having enough trouble building in quantities to supply current demand, let alone restock every dealer.
Our inventory levels (top 5 Toyota dealer nationally every year) Pre chip shortage fluctuated between 1200 and 1500 units in ground stock. This was about a 45 day supply. We currently, as of today, have 4 new Toyotas. Not 400, 4. We are having to sell through our allocations every month to keep sales at the level we need them to sustain our business. Toyota can barely keep up with us, and we are just one of 1200 dealers in the US. How do you presume they are going to build enough cars to meet global demand? To resupply ground stock to all those dealers?
This, of course, does not take in to account the rest of the imports, or the domestics. There simply is no way to make this happen over the short run. You can bet your ass that the manufacturers are watching the lack of resistance to paying price premiums, and are going to find a way to raise retail pricing to capture that revenue for themselves.
The price premiums, lack of new car inventory, and pressure on the used car market will continue to push used car prices higher. When will it come falling back down to earth? Who knows. I can tell you this though, the car industry has changed drastically, maybe permanently.
--Jeff
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