I wouldn’t recommend it, as there is too much risk imo. I would look at getting a cheap beater or finding a low cost lease.
-
Hey Everyone! Vote for the Site Favourite HOTM winner for the year of 2022 HERE!
Shocked by the pricing of the new Cars
I'm shocked that my 2021 Super Stock in October of 2021 was $85k, and now you can't find a new one for under $110k. The prices of these cars are crazy.
21 - 40 of 72 Posts
Work out a deal to trade it in on the new one. They may offer $6-$7g less than what you paid, however.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
Yes. Very hard to fix greed lol.ADM has nothing to do with MSRP increasing. That’s just dealers who believe demand surpasses their ability to resupply
There were ADM’s long before covid. The problem is there are people with more money than brains that believe some of these new models are special and will be worth paying over sticker for potential future values. At least that’s all I can figure. There isn’t a new FCA product on the market right now I would be willing to pay over sticker for, but obviously others are or we wouldn’t be seeing the markups from many of the dealers. But when Kia is marking up SUVs $5k over MSRP here in town and people are lined up to buy them as truck delivers them, you aren’t gonna fix that problem overnight
When hellcats came out and we were all on this very forum taking about price gouging, people complained paying $5-10k over for the first couple months to get their hands on hellcats but it sure beat the $20k markups many others were trying to get. They sold over sticker lightly used for quite some time as well. I got my charger for slightly under sticker in 2015. Search harder and more often if you want a deal, spending your time on the forum complaining about prices isn’t gonna help obviously
I don't want to take any loss on it, would rather just uber for 400$ a month.Work out a deal to trade it in on the new one. They may offer $6-$7g less than what you paid,
I see SO many 2022 for sale still and I see more vehicles left to order in the horsepower locator
That has me thinking that even new 2023 are going to be selling for UNDER msrp. I think the first few months got everyone worried / FOMO. With the horsepower locator launch and the market was still barly hot, made everyone think they would go for over msrp. but now the market is quickly moving to before covid levels.
Makes me worried that if I buy or lease this Challenger, I am going to be very upside-down from the beginning and will screw myself when my charger comes in.
Or contact some local rental locations and see if you can work out a deal for a monthly rental. I would much rather do that and pay more than have to mess around with Uber, but to each his own.I don't want to take any loss on it, would rather just uber for 400$ 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.
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.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.
Oh it will stop. I can even tell you the exact date. The day the EV production takes over for the 2024MY. On that glorious day, you will be able to get any battery-powered Dodge you want at INVOICE or below...All new car pricing has been out of control for a long time now and gets worse every year. It needs to stop. That doesn't even factor in any of the COVID inspired greed.
If I buy any other vehicle it will depreciate faster.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.
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.
So EVs are not cars & will magically stop the new car pricing being out of control? You are insane & wrongOh it will stop. I can even tell you the exact date. The day the EV production takes over for the 2024MY. On that glorious day, you will be able to get any battery-powered Dodge you want at INVOICE or below...
What's your idea of "giving away" on that Challenger?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.
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.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.
id buy a civic beater for $2000. Then you can sell that in a few months if you want for almost the same price.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
worse case you sell for $1800 and it cost you $200 for a few months.
Let me give u this scenario.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 $800/mo over a four year lease. Probably higher if it is a one year lease. I would stick with uber if it is only for a couple of months. Leases are also limited on how much over MSRP they will finance so any ADM you would end up eating as well.
85k msrp
0 down sign and drive for 1100 a month
Make 2 payments of 2200$ 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?
The thing you missed here is that 85K vehicle is worth only ~76.5k to any one else as soon as you drive it off the lot, because it is now a used vehicle. Dealer typically don't give you what they can sell it for. Likely your lease agreement will account for this in the terms of early release.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?
It’s not worth the risk. Interest rates are supposed to be going up in early Feb. and then again early March. You will also have to pay sales tax on an expensive vehicle.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
You would be much better off buying a beater and then selling it or even keeping it when your Charger comes in.
Yea I just don't see it working out where leasing then selling used works better than buying new and selling used. I don't think the residuals are that good for a short term like that. Not to say impossible, but most people that end up being positive on leases are ones at the end of their lease, not two months in.
With the used market about to crash and new cars finally starting to be stocked, the dealers are going to low ball any trade/sell. Your best bet would be selling to an individual, but there's loads of issues there to deal with.
With the used market about to crash and new cars finally starting to be stocked, the dealers are going to low ball any trade/sell. Your best bet would be selling to an individual, but there's loads of issues there to deal with.
Not to mention, the government will want it's share, if you are in one of those states.Yea I just don't see it working out where leasing then selling used works better than buying new and selling used. I don't think the residuals are that good for a short term like that. Not to say impossible, but most people that end up being positive on leases are ones at the end of their lease, not two months in.
With the used market about to crash and new cars finally starting to be stocked, the dealers are going to low ball any trade/sell. Your best bet would be selling to an individual, but there's loads of issues there to deal with.
Because you will. Interest rates are bad enough on a new car and will be worse on a used car. It would make no sense for someone to buy your used car instead of going to the dealer and paying MSRP just like you are doing.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.
Greed A holes will keep using the Covid excuse as long as they can unfortunately.I'm so tired of the covid excuses. We should be up and running full steam again by now. Everyone has marked up EVERYTHING in the name of covid. It's been 3 years now, enough already. Certain things I can see, but mostly it's greed.
I'm with you John, im so glad I bought my car while there were discounts. In fact we replaced all our cars & truck right before it hit. Got lucky.
But, Just Because I had a few problems with my dealership, they offered to order me a ‘23 Hellcat for Msrp. I spoke to the General Manager. But I’m gonna pass and keep my black beauty
21 - 40 of 72 Posts
SRT Hellcat Forum
HellCat.org is a forum dedicated to the Dodge Challenger and Charger SRT Hellcat & Demon. Discuss modifications, engine specs, pricing and more!
Full Forum Listing
Recommended Communities
