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SVTPerformance's Chain of Restaurants
The Market
Vehicles For Sale
Shelby GT500 Buy/Sell
13 Grabber Blue GT500, 8,300 miles
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<blockquote data-quote="layzie" data-source="post: 16819082" data-attributes="member: 97182"><p>Iv actualy called a few dealerships in the last 60 days. Thats how. I have came very close to three deals. The grabber blue still showing on autrotrader with 115 miles has been sold for over two weeks. I had them at 69.5 but for me that was 73k with shipping. I had to pass.</p><p></p><p>Another one had 500 miles on it. Full options. They wanted 70k and we agreed to 64k. Aka 66k shipped. I passed.</p><p></p><p>Third one was listed at 64k and I got it at 60. Even had the sold sign on the car with my name on it but financing chaged... dramatically!</p><p></p><p>The deer in headlights look I had was on the third car I mentinned above when the bank informed me they wouldnt finance me on the deal. It was then when I learned about this new devaluation on sep 1st. Prior to that date, I was approved for 52k loan in july and aug. Sept 1st they said no! Checked NADA and sure as heck a 2014 gt500 with 2000 miles & every single option checked is valued at a measly 38k. You can see for yourself.</p><p></p><p>My credit score was 801( when I first applied) and have done loans with my same military credit union for over 20 years never missing a payment. They said alot of cars value dropped overnight and they were not approving so many loans now and we walked thru nada together. I desperately tried to show them KBB but of course they don't base loan values off KBB and I knew that aleady.</p><p></p><p> </p><p>Aot of the cars I called on in july / aug that were priced at 60-70k are now in the mid to high 50's.</p><p></p><p>The 64k one mentioned above that I almost got now was marked down to 58k from the dealership before it sold. I don't know what it sold for but it was</p><p></p><p>I believe (and truly hope they dont) that these cars along with all older cars are about to drop again soon as the dust settles with the new loan to values a cross the board. ( basic supply and demand)</p><p></p><p>My reasoning:</p><p></p><p>The NADA is NOT going to go back up. Especially since we have a total of 16 states that have now signed trumps no gas cars allowed on public roads executive order back when he was in office. Fyi This has nothing to do with Trump, it all started back with Obamas cash for clunkers Iniiative and continues with our new pres.. We can deny and make fun of it all we want with the whole cali has no power jokes but it's GOING to happen.</p><p> </p><p> Thus now you know The reason for massive teslas stock gains back then and the sole entire reason why the new car chip issue and used car market inflated in the first place. It wasn't covid. The wealthy actualy read laws that promote massive gains and they did to the exotic car market what the poor did to GameSpot and they made a lot of $ dumping their collector cars to the middle class ones willing to go into dept to own it. These poor people are Hoping for a larger payout at the end... the new 93 cobras owners with a 50k loan are a great example of this. People thought then (and still do) think their cars are going to be worth 1 to 10 times their value in the future as stated above from the guy who said a 2014 gt500 would be worth 500k.</p><p></p><p>If that actualy happens, Were all very screwed.</p></blockquote><p></p>
[QUOTE="layzie, post: 16819082, member: 97182"] Iv actualy called a few dealerships in the last 60 days. Thats how. I have came very close to three deals. The grabber blue still showing on autrotrader with 115 miles has been sold for over two weeks. I had them at 69.5 but for me that was 73k with shipping. I had to pass. Another one had 500 miles on it. Full options. They wanted 70k and we agreed to 64k. Aka 66k shipped. I passed. Third one was listed at 64k and I got it at 60. Even had the sold sign on the car with my name on it but financing chaged... dramatically! The deer in headlights look I had was on the third car I mentinned above when the bank informed me they wouldnt finance me on the deal. It was then when I learned about this new devaluation on sep 1st. Prior to that date, I was approved for 52k loan in july and aug. Sept 1st they said no! Checked NADA and sure as heck a 2014 gt500 with 2000 miles & every single option checked is valued at a measly 38k. You can see for yourself. My credit score was 801( when I first applied) and have done loans with my same military credit union for over 20 years never missing a payment. They said alot of cars value dropped overnight and they were not approving so many loans now and we walked thru nada together. I desperately tried to show them KBB but of course they don't base loan values off KBB and I knew that aleady. Aot of the cars I called on in july / aug that were priced at 60-70k are now in the mid to high 50's. The 64k one mentioned above that I almost got now was marked down to 58k from the dealership before it sold. I don't know what it sold for but it was I believe (and truly hope they dont) that these cars along with all older cars are about to drop again soon as the dust settles with the new loan to values a cross the board. ( basic supply and demand) My reasoning: The NADA is NOT going to go back up. Especially since we have a total of 16 states that have now signed trumps no gas cars allowed on public roads executive order back when he was in office. Fyi This has nothing to do with Trump, it all started back with Obamas cash for clunkers Iniiative and continues with our new pres.. We can deny and make fun of it all we want with the whole cali has no power jokes but it's GOING to happen. Thus now you know The reason for massive teslas stock gains back then and the sole entire reason why the new car chip issue and used car market inflated in the first place. It wasn't covid. The wealthy actualy read laws that promote massive gains and they did to the exotic car market what the poor did to GameSpot and they made a lot of $ dumping their collector cars to the middle class ones willing to go into dept to own it. These poor people are Hoping for a larger payout at the end... the new 93 cobras owners with a 50k loan are a great example of this. People thought then (and still do) think their cars are going to be worth 1 to 10 times their value in the future as stated above from the guy who said a 2014 gt500 would be worth 500k. If that actualy happens, Were all very screwed. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Shelby GT500 Buy/Sell
13 Grabber Blue GT500, 8,300 miles
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