New car is cheaper than a second hand one WTF?

  • Far Canal
    Far Canal
    3 years ago
    Seems covid is throwing ridiculous curve balls at us.
    Was looking at a particular car today, for some one else.
    The dealership had a second hand one that was about 7 grand dearer than a new one!. How fucked is that? (they did not have new ones ready to go)
    Looking on the internet there are other second hand ones out there for sale that are much more than 7 grand dearer than a new one.
    You can get a new one but you have to put a deposit on it then wait for a year to get it.
    It's true, no shit.
  • fatbat
    fatbat
    3 years ago
    Yeah weird alright but if you want a good one now you gotta pay. I sold my amarok ultimate and made money on what I paid for it. Low mileage second handers are going up in value for some models 
  • Airhead
    Airhead
    3 years ago
    Yeah, strange world, I sold a 15 month old Hyundai i30N and dropped only 2K.  It had done 23,000 klms.  Dealers can't get stock, people who want something now will pay a premium.  Wait a year and you are rewarded with a new car.
  • Ratbob
    Ratbob
    3 years ago
    I experienced the same thing 20 years ago, it’s cyclic. 
    The old caviat emptor always applies, whatever you’re buying.
  • UltraPete
    UltraPete
    3 years ago
    Yup it's mental out there. Here in Vic people are going nuts for duel cab utes and 4x4s. Whatever it is, if you're thinking of selling, now is the time!

    We just ordered a new MuX for the Mrs, same thing expected delivery is April.

    I just bought back a 4wd I sold a few years ago, mainly for sentimental reasons, paid twice what I sold it for, still not much in the scheme of things!
  • B0nes
    B0nes
    3 years ago
    Remember my old man telling me a similar thing happening in the early 60's in NZ. Waiting list for a new car was 12 months unless you were a doctor or a big wig in the corporate world. Ford would give new cars for free to certain people. One example was an elderly war widow across the road from his home who only drove to the shops and church once a week. After 12 months they would take them back and sell them for more than they were new, only catch was that they had to have less than 5000 miles on them. Little trick that some would do would be to slip a extra check under the table to the dealer to score a new car from the yard. Old man done this then drove straight to the bank and canceled the check.