[MoparMontana]

Sup yall need your honest opinion about my unique situation. Maybe i should make this its own topic but what do i know.
I ordered a Charger Hellcat Widebody for msrp back in November. Guess it won't be here till March at the earliest

I got to work 6 days a week and currently have no car. Just use uber. So I asked my dealer about another vehicle in the meantime.

He told me he has a 2023 Challenger widebody hellcat arriving any day now and I can lease or buy it for msrp.

In this current market do you think I can take delivery of this Challenger. Drive it for a few months and then sell it for what I paided or maybe.......MORE?

Maybe I should just stick to ubering till my charger is here lol

 

[MoparMontana]

Work out a deal to trade it in on the new one. They may offer $6-$7g less than what you paid,

I don't want to take any loss on it, would rather just uber for 400$ a month.
I see SO many 2022 for sale still and I see more vehicles left to order in the horsepower locator
That has me thinking that even new 2023 are going to be selling for UNDER msrp. I think the first few months got everyone worried / FOMO. With the horsepower locator launch and the market was still barly hot, made everyone think they would go for over msrp. but now the market is quickly moving to before covid levels.

Makes me worried that if I buy or lease this Challenger, I am going to be very upside-down from the beginning and will screw myself when my charger comes in.

 

[MoparMontana]

You are going to go upside down, and it is going to happen faster than in recent months if your buying as more of the payment will be going towards interest. Used car prices are dropping - that's what the data says so it's kind of a double whammy between the two issues. I don't know your Uber bill but It's expensive and a PITA for me. Obviously, you can get a beater and save a bunch of money. I don't like driving beaters. Not to pump the brand but they are giving away base model 22 Challengers - huge discounts. New or used something like this might be a compromise to minimize your loss (still going to cost) and avoid driving a junker for an unknown length of time.

If I buy any other vehicle it will depreciate faster.

My thinking was, maybe i can sang this 2023 Challenger Wide Body on a lease, so i domt have to pay the tax on it. Drive it and enjoy it till March, then get out of the lease clean (sell the car to a dealer). Maybe at that point even profit a few grand to cover the monthly payments I made.

Now my question is, will dealer (who is charging Mark ups, already) buy this very low mile hellcat at msrp.

 

[MoparMontana]

Not a financial expert yet I would expect off-the-lot depreciation (9-11% MSRP) will kill any short term profit and the lease amount is likely double what you are paying the uber guy unless you are putting down a hefty down payment (equivalent to one year depreciation). Did a quick check for a $70K car with $6K down is over $800/mo over a four year lease. Probably higher if it is a one year lease. I would stick with uber if it is only for a couple of months. Leases are also limited on how much over MSRP they will finance so any ADM you would end up eating as well.

Let me give u this scenario.
85k msrp
0 down sign and drive for 1100 a month
Make 2 payments of 2200$ total
In March, the buy off amount of the lease should be 82,800
I email all local dealers to see if they wanna pay 85k for my trade in
They pay the bank and give me a check for the difference which is my 2,200$ back
Even if I made the payment 1500 a month, I should get it back because the lease payoff amount goes down with each payment made.
BAM free hellcat widebody, just pay gas and insurance LOL.
Ya I know this is best case and the market is way down but do u see any other problems wirh this plan?