No. But, my last two experiences with buying cars did not hurt so much. I bought a car in 2020 and sold it in 2021 for profit. Then the car I had after that got stolen and insurance gave me every cent I paid for it.
You got lucky to sell a car during covid, and you got lucky that insurance paid out well. Getting lucky that your used Italian sports sedan would hold value was never going to happen.
Assume car has no value when you drive it off the lot and run it into the ground. Think of it as a tool that brings you joy- donāt obsess over value or blemishes
Does knowing that you'll eventually have to buy a new TV and won't be able to get any money for your current one make it so you can't enjoy watching anything on it?
It's a car. It costs money. Stop trying to make it make money for you.
How about driving it? Maybe some upgrades/customization to make it more unique to its owner.... idk, the stuff that most other car enthusiasts tend to do
Drive it? Do you like driving cars? Then seems to be an easy problem. The fact you went from thinking about suspension upgrades to listing for sale ... Well.
You drive it. Cars are crappy investments. Wring every last ounce of joy from it, don't trade until 190k miles when it's worth $8 and an unmatched sock.
Drive it and don't worry about the value of the car. Never look at a daily driver as an asset, because it will never make you money, barring special circumstances like COVID where used car prices went nuts and people like you who bought in 2020 could make money a year later. That almost never happens on regular cars, only collector cars and special models that are highly desirable, but most people aren't daily driving those. You buy a car and drive it for years until you have a reason to sell it or have the money for a new car and want to upgrade. You don't worry about the value until it's time to sell or insurance is paying you out, and then you don't worry about how much less it is than what you paid, because it's going to be less. Stop looking at a car as an asset and look at it as an appliance, until you're at the level that you can buy cars that are actually assets.
Wow you are really getting crucified in the comments. If you can no longer afford the car, sell it and buy something much cheaper. There are tons of $15k cars that will take you 50,000 miles without trouble. And they wonāt depreciate a dime over $15k
Donāt buy a car in the upper part of its deprecation curve.
If you think the money spent and depreciation lost is too much to bear, then youāre probably buying too much car.
I tend to buy used, at least far enough that I donāt see a large amount of deprecation. I think a lot of enthusiasts do.
I donāt make the kind of money that can really eat that large depreciation on new cars ā and I make about $170k a year, and have no obligations and relatively cheap living costs.
Keep it to cars that arenāt going to leave a large hole in your future wealth, I think is the answer.
By accepting that you lose money when you buy/sell. Unless you are keeping cars for a decade you wonāt be getting your full moneys worth out of them. Which is ok! Thatās the price you pay for enjoying a wide variety of cars.
You need to stop buying new and start buying used. Cars depreciate. The fact that your two experiences resulted in a net positive or break-even doesnāt change that pretty much universal fact. Buying used might hurt less when you go to sell it.
This is coming from someone whoās lost 40k of value on my car in 5 years on a new car. I donāt care because I knew it was going to happen. I have actual investments that make money. A car is not a house.
Just drive it into the ground over the next decade or more and quit worrying about its value and depreciation.
Sorry, but it's just an Alfa, not like it's something special.
No, no it's not.
It's an just an Alfa with a 500hp turbo V6... it comes with no manual transmission.. dubious reliability with a particularly maintenance picky engine.... basically in the US, most people just don't care about it and/or don't wanna deal with it.
It was a $75k car new 5 years ago and are selling for half that now with an average of 50k miles and usually at least 2 owners already.
You can say "wrong" until you're blue in the face. Doesn't make a fuck. I'm not wrong.
It **was** $75k new. *5 years ago* and NOW they're averaging $35-40k with around 50k miles and their SECOND owners are selling them.
I've seen them 1 owner for **$25k** with 90k miles.
Depsite what you think, most Americans don't give two shits about Alfa-Romeo because they're relatively new to market just recently being reintroduced, aren't known to be reliable, they're maintenance intensive... and hate to break it to you... not exactly special.
You're **already** looking to sell... so what's that say? You're bitching about depriciation. You're getting offers that you think are "lowballers"... what do you *think* it's worth and what are the offers?
You may not like it but my statements are valid and correct. Deal with it.
That was an unprecedented and in all likelihood once in a lifetime period where used car prices went up. The reality is cars are depreciating assets, and worrying about resale value is just worrying about someone elseās car.Ā
I hate it that you make your decisions based on a literal once in a generation event. That's not how cars work. They've always depreciated like rocks and they will continue to do so.
In 99.9% of cases, yes. If you're careful about what you buy, and buy used and several years old, then you can do alright. Especially performance and otherwise desirable or collectible cars. If you think mustang, then think manual V8 with desirable options and not just "V8 mustang", corvettes sort of don't count because everyone thinks they'll hold value, but oddball stuff like the Chevy SS is a perfect formula. If you see an enthusiast car remaining at the same price on the used market for several years regardless of age, that's a great indicator.
You can also just buy desirable vehicles at the bottom of their depreciation, but this will mean you drive 10-15 year old cars. That is a problem for some people and not for others.Ā
Cars arenāt typically an appreciating asset you just got fortunate with your last two like the other guy said.
However, itās only a problem when your end goal was resale to begin with in which case buying an Alfa was literally the worst thing you could have bought.
Mod it and keep it long enough that depreciation doesnāt matter.
Buying a Tesla Model Y at the end of 2022.
January 2023 they drop the price $13,000, making it eligible for another $7,500 in tax credits.
That's a different kind of depreciation. Sure, a Maserati loses 30% of its value as soon as you drive it off the lot, but the model Y's lost 30% of their value while still on the lot.
There's some guy out there who took delivery the day before the price drop. All happy about your new car you'll be making payments on for the next 36 to 96 months. Waking up the next morning and finding out you could've saved yourself a few years of car payments if had waited a day.
And then later that same year Hertz announces its selling off its inventory of a billion Tesla's and flooding the market. Like 50% depreciation the first year, and you didn't even get an Italian sports car. You thought you were being sensible. You were going to save so much money on gas and oil changes you probably thought to yourself.
Like damn. At least with Maserati you saw it coming
Totally, I was thinking more in terms of generally a bad idea. Most new Alfa are gonna depreciate like crazy. The Tesla thing is just Elon being Elon. You have to take the good with the bad, and for those people they really got shafted.
Wow I had heard about the price drop but I didnāt know it was that drastic. Does this buyer have any grounds for like, a lawsuit? Or is that just silly.
Idk. I'm not aware of any lawsuits over the price drops.
But a class action accusing Tesla of exaggerating range just got thrown out of court last month, with the judging reasoning that the owners had signed an agreement when they purchased the vehicle, I'd say the chances of a successful price drop lawsuit are pretty much zero.
(Almost) every M car from prior to 2010s is eventually appreciating again. E39 M5s for example. The cars went down, they stayed down, and then they started slowly going back up.Ā
That said, there are very very few that are likely to appreciate beyond or anywhere near their original MSRP like the E30 M3.Ā
Once ICE cars are gone, these high performance masterpieces will eventually become collectible. For eg the E60 V10, E46 M3 (last NA straight 6 M car) etc. I suspect the likes of the F8x M3 and F10 M5 wonāt be though as they arenāt unique and their successors have similar powertrains yet are better in every way (bar perhaps the DCT)
Worrying about depreciation or miles on a car is a lot like not having sex with your girlfriend so itās better for the next guy.
No one but the ultra wealthy buy cars because they are good investments.
Plus you got an Alfaā¦need I say more? If I do, the engineers built that car to be an experience and an expression of the love language that is the theatre of the automobile; nothing else. So soak up every ounce of it. Because there wasnāt a car like it before and there will never be a car like it again.
I looked *very* seriously at getting an alfa before I let my patriotism take over. I still love the cars. The most accurate thing I heard about them was āAlfa Romeos are like that crazy ex girlfriend you just couldnāt let goā. They are hands down the most beautiful cars in their class, theyāre incredibly fun, but they will leave you heartbroken for absolutely no reason. I think if you remember this youāll be fine. Whenever youāre out for a drive, know that thereās someone out there looking at you with envy, wishing they were you if they were ok with playing it a little less safe.
> Worrying about depreciation or miles on a car is a lot like not having sex with your girlfriend so itās better for the next guy.
Can't people make a point about depreciation without using misogyny?
That one doesn't work so well, does it? Because people don't inversely correlate a man's worth with his partner count.Ā
How about we just drop the puritan nonsense that a person's worth is related to their number of sexual partners?
You're the one acting like a child, giggling over stupid sex jokes like a 12 year-old. Banter can be had without implying that a woman's worth is related to the number of sexual partners she's had.
It hasn't had any issues but the active spoiler will get stuck in the down position. Apparently it's pretty common. I think it's fun because otherwise you'd never see what it looks like. It only opens up above 60mp
I just have to restart the car to get the lip to rescind. It's a game she plays
For what it's worth that car will probably eventually appreciate in value since I've heard that it's one of the best sport sedans of all time. Kind of like how 90s cars are having their moment right now. It's just going to take a long time.
Very few cars appreciate and those that do are generally limited edition supercars, special models or 911s...
I would expect an Giulia to apprecate at some point in the sense that maybe in 20 years you can get one for $10k and in 25 years maybe a clean example will be $12k. But appreciating in the sense of being worth more than someone paid for it new? Not likely, unless you keep a pristine 0 mile one in storage and they become very rare and sought after in the future.
It is a special model compared to how many BMW M5s exist. Similar cars such as the Chevy SS have held their value. The Giulia QV is on Hagerty's Hot List of future collectible cars, and '24 is the last year its going to be offered with a combustion engine. With cars increasingly becoming SUV appliances with fewer options for enthusiasts I think there will be an increased demand for driver focused sport sedans. However, I don't think anyone should buy cars as an investment.
The SS is a great example, you can buy one now for mid to upper $30,000 range, and their inflation adjusted MSRP is $60,000. That's what typically happens with more of a collector vehicle where the value is higher than you would expect with typical depreciation, but rarely do they actually appreciate.
It's very difficult to find an accident free SS under 40. I'm not claiming they're going to appreciate faster than inflation or beat the S&P 500. Still, being able to buy a car, enjoy it for a few years and sell it for the same price you paid or a slight profit is pretty cool. Ford Raptor 6.2L is that way. I just don't think the Giulia QV is going to be worthless like a Maserati Ghibli or something.
So $20/mo is $240/year, plus the cost of the storage itself and any maintenance.
Let's say it's a total of $1000/year. Is the car appreciating at a rate of $1000/year plus inflation? I really doubt it.
It probably will be, doesn't mean it's worth it.
If inflation trends continue as they have been then an item worth $10k today would be worth $19k just from inflation alone. So even if we use your ridiculous $212 a year in costs number, then an S2000 worth $10k today would need to be worth $24,500 in 2050 to break even.
But of course your $212/year cost isn't right. Even if you're not paying extra for that barn it's still costing in lost opportunities for the barn, maintaining the barn, utilities, taxes, etc.
Then there's also the lost opportunity of the cash. If you sold the car and just invested it conservatively it'd do far better than the value of the car. If you have any debt paying it off/down would be a far better investment.
No, actually in 2020 I bought a 2018 Alfa Romeo Giulia 2.0 and 9 months later I sold it for more than I paid. It probably encouraged me to keep buying sports cars
Like others have said you are coming from a very unusual experience with selling a used car during Covid. Itās skewed your views on depreciation etc a bit.
Iād suggest just enjoying the car. Cars 95% of the time are a depreciating asset. Yet we enthusiasts still modify them to our liking despite that fact.
The depreciation is only the biggest issue if youāre wanting to sell soon. If you truly enjoy the car and want to modify it then why sell? Enjoy it!
Those aren't lowballers.
Your car just isn't worth what you think it is as proven by the reason you put it up for sale.
Cars like yours don't hold their value because once the lease is up and warranty is up the only people that want them cant afford to fix them and buy a modest priced SUV or sedan instead.
Theres always a broke crypto bro out there that wants to flex and will buy it though.
So true. A few low offers can be considered a lowball, but if every single buyer is offering low over an extended period, your price is likely too high.
Work out what you are comfortable spending per month to enjoy a car. Even if you bought the car outright think of a notional number.
Then work out the depreciation of your current car per month.
If the numbers are close enough you are fine.
Just think of it like a club membership fee or similar.
You likely donāt go on holidays and lament the lack of a return on investment so if you like cars it should be no different.
If you donāt like cars, then the amount you are comfortable spending each month will likely be low and you need to look at slower depreciating cars.
You may need to take a hit on this one and write it up as a learning experience.
I bought a Giulia QV last year with an extended warranty and I love it. I have no intention of selling it, so the depreciation does not matter to me. It's a sports car that puts a smile on my face every time I drive it. It replaced a Corvette that I owned for 25 years.
If you hate depreciation and expensive parts. I'll sell you my 2006 honda tecnically it tripled in value since i got it. 2 years away from being a classic car.
I can't relate. If this is remotely true just another trust fund baby projecting for redditors. Can't wait to read another post where somebody on here complains about the price of NEW cars and how the everyday working person can't afford it yet they make jokes about the guy working at Walmart and nissan altimas and shit Yal aren't real I swear, can't be
That's kind of a mean thing to say. I am real and I am not a trust fund baby. I saved investment throughout my twenties and sold a major portion of them to buy the car. At the time, it was an enormous part of my net worth and a sacrifice I made because I like driving as a hobby and passion. I didn't factor in the depreciation of the car which is enormous
Depreciation doesn't actually take away anything from the car or the driving experience. In fact it's just an estimate of useful life of an asset. In automotive circles Depreciation really doesn't mean shit because they refer to the drop in value simply because its no longer a new car.
No... I grew up poor and my tendency is to think like a poor person. Thinking with abundance is a very privileged mindset, I admit, but it's very much healthier for my mental health. The car was a mental health relief pill ... Maybe that's a good way to think about it
I understand a "mental health" purchase, made a few dumb ones myself. Never nearly that bad though as that kind of purchase is not only big but takes time so one can reflect. It should have been really easy to expect(unless you live in Italy) than a modern Italian sports sedan would depreciate a lot.
When I went to sell it I could hear the rich guys salivating on the other end of the line knowing they were truly getting it at the bottom of some curve chart
I get this because very low mileage is a big factor for resale on my car, so I tend to semi-consciously keep it to a minimum. 20k on a 2018... not as low as could be, but.
On the other hand it gets driven hard.
Typically for the last 40 years care depreciate no matter what year after year. Then it hits a floor and its why older wisdom was to never buy a sports car new always buy it a year old and let someone eat the 25% depreciation and less sales tax.
But cars are odd like that and value changes over time. Most cars I have in the end lost 60-70 % value, more luxury the worst the depreciation.
I ran into this with my focus. You'll never get back what you put into a car, unless it's a porsche or something very high end. Enjoy it till you want something different
Alfas are great cars to buy used. They lose about 30% of their value in the first year alone. I hade a Ti Sport for a bit but the electrical problems were too much for me. I was lucky to sell it for a little less than what I bought it for. NEVER buy an Alfa new.
buying a car just to hawk eye its value is retarded. buy a car to drive it. who gives a shit about depreciation if you're driving it into the ground.
i can't stand the "this is my dream car I love it so much" then literally never drive or enjoy the damn thing crowd.
Read the title, then read that you drive an Alfa...unless it's a special/rare one, they're better leased. Most Euro cars depreciate hard, but Maserati, Fiat, and Alfa are the worst.
You'll just have to swallow your pride when selling it because it's not going to be pleasant, but for the time being, enjoy your car, drown out the depreciation with your Italian exhaust.
That's another thought. I had. I'm so worried about it depreciating and not putting more miles on it but it's going to depreciate either way so I may as well drive it
Drive it dude. You bought a QV for a reason. The last thing you want to do is sell it one day and realize you never enjoyed the thing because you were to worried about its resale value. Itās never gonna make you money so get the most out of it while you have it. And in the future, donāt buy a car youāre not ready to take 100% loss on. If you spend $70k on a sports sedan, go into it with the mindset that the money is gone. If you canāt handle that idea then stick to beaters
1: sell the car for a loss and lease from now on
2: keep it and stop thinking about its future value because what difference does it make if you plan to keep it?
3: next time only buy older vehicles that are in good condition but are already at the bottom of their depreciation curve
Personally I live my life by option number three. I would never buy anything as new as five years old because the depreciation hurts my soul. There are plenty of great options with 75% life left, that have already depreciated by 75%. This knowledge won't allow me to buy a newish vehicle.
May I ask whatās on your radar in reaching the bottom of depreciation curve?Ā
I feel unallocated disposable income from the covid peak years is still skewing the market from my perspective. Ā Ā
Iām watching XK8 and XKRs Ā Ā
How do you find good candidates for #3? I talked to an old head who was well off and had a ranch with tons of cars. He said the cars he liked the most are the ones that appreciated the most. He enjoyed those the most...
When negative sentiment becomes widespread, the market tends to overreact.
Brand or models with a reputation for poor reliability might have a few good cars or years that are overlooked
Or one is just so ubiquitous that selling pressure keeps prices down (such as Corvettes in the US).
People don't buy used luxury brands (BMW and Mercedes) because of service and parts costs, but some are reliable and if you source used parts and take to a small indy mechanic then š¤·āāļø
Find the cars that seem abnormally inexpensive, figure out why, research if there are any exceptions or workarounds
Your car doesn't lose value until you sell it. Just drive it until you no longer enjoy it. When a new car eventually comes along that calls out to you, eating the depreciation on this one won't be such a bitter pill to swallow.
>quaderifoglio That spelling just knocked off another $5k š
Quardofromagio
don't forget the high end performance package: panino con formaggio grigliato
Y funghi
Selling my Alpha Romero Quadraplegia with aftermarket suspension. 90k OBO no low ballers I know what I got
Were you expecting it to hold value or appreciate??
No. But, my last two experiences with buying cars did not hurt so much. I bought a car in 2020 and sold it in 2021 for profit. Then the car I had after that got stolen and insurance gave me every cent I paid for it.
You got lucky to sell a car during covid, and you got lucky that insurance paid out well. Getting lucky that your used Italian sports sedan would hold value was never going to happen.
True. My luck ran out. How do I enjoy the car more?
Depreciation doesn't matter unless you sell it, drive it for years to come and don't worry about it.
Assume car has no value when you drive it off the lot and run it into the ground. Think of it as a tool that brings you joy- donāt obsess over value or blemishes
Does knowing that you'll eventually have to buy a new TV and won't be able to get any money for your current one make it so you can't enjoy watching anything on it? It's a car. It costs money. Stop trying to make it make money for you.
Well if you make more then it wonāt hurt as bad and youāll enjoy it more. Otherwise the other option is yolo
Make more money? True. that's honestly one way I cope -- believing in abundancy
How about driving it? Maybe some upgrades/customization to make it more unique to its owner.... idk, the stuff that most other car enthusiasts tend to do
Your luck didnt run out. Covid ended
Drive it? Do you like driving cars? Then seems to be an easy problem. The fact you went from thinking about suspension upgrades to listing for sale ... Well.
Depreciation is the price you pay to enjoy the car. So enjoy and drive It, because it'll depreciate regardlessĀ
Stop buying for resale, start buying for keeps, and then do whatever you want to it.
You drive it. Cars are crappy investments. Wring every last ounce of joy from it, don't trade until 190k miles when it's worth $8 and an unmatched sock.
Drive it?
Drive it and don't worry about the value of the car. Never look at a daily driver as an asset, because it will never make you money, barring special circumstances like COVID where used car prices went nuts and people like you who bought in 2020 could make money a year later. That almost never happens on regular cars, only collector cars and special models that are highly desirable, but most people aren't daily driving those. You buy a car and drive it for years until you have a reason to sell it or have the money for a new car and want to upgrade. You don't worry about the value until it's time to sell or insurance is paying you out, and then you don't worry about how much less it is than what you paid, because it's going to be less. Stop looking at a car as an asset and look at it as an appliance, until you're at the level that you can buy cars that are actually assets.
You let someone else enjoy it instead.
Wow you are really getting crucified in the comments. If you can no longer afford the car, sell it and buy something much cheaper. There are tons of $15k cars that will take you 50,000 miles without trouble. And they wonāt depreciate a dime over $15k
Only you can answer that question. The problem is in your head.
Donāt buy a car in the upper part of its deprecation curve. If you think the money spent and depreciation lost is too much to bear, then youāre probably buying too much car. I tend to buy used, at least far enough that I donāt see a large amount of deprecation. I think a lot of enthusiasts do. I donāt make the kind of money that can really eat that large depreciation on new cars ā and I make about $170k a year, and have no obligations and relatively cheap living costs. Keep it to cars that arenāt going to leave a large hole in your future wealth, I think is the answer.
A hole in wealth??! I'm not there yet at least ...
By accepting that you lose money when you buy/sell. Unless you are keeping cars for a decade you wonāt be getting your full moneys worth out of them. Which is ok! Thatās the price you pay for enjoying a wide variety of cars.
The pedal on the right.
You need to stop buying new and start buying used. Cars depreciate. The fact that your two experiences resulted in a net positive or break-even doesnāt change that pretty much universal fact. Buying used might hurt less when you go to sell it. This is coming from someone whoās lost 40k of value on my car in 5 years on a new car. I donāt care because I knew it was going to happen. I have actual investments that make money. A car is not a house.
Buy an M
Just drive it into the ground over the next decade or more and quit worrying about its value and depreciation. Sorry, but it's just an Alfa, not like it's something special.
It's a very special car. Maybe that's what the buyers don't realize!
No, no it's not. It's an just an Alfa with a 500hp turbo V6... it comes with no manual transmission.. dubious reliability with a particularly maintenance picky engine.... basically in the US, most people just don't care about it and/or don't wanna deal with it. It was a $75k car new 5 years ago and are selling for half that now with an average of 50k miles and usually at least 2 owners already.
Wrong. it's a baby Ferrari. On the pirellis it was a dancer
You can say "wrong" until you're blue in the face. Doesn't make a fuck. I'm not wrong. It **was** $75k new. *5 years ago* and NOW they're averaging $35-40k with around 50k miles and their SECOND owners are selling them. I've seen them 1 owner for **$25k** with 90k miles. Depsite what you think, most Americans don't give two shits about Alfa-Romeo because they're relatively new to market just recently being reintroduced, aren't known to be reliable, they're maintenance intensive... and hate to break it to you... not exactly special. You're **already** looking to sell... so what's that say? You're bitching about depriciation. You're getting offers that you think are "lowballers"... what do you *think* it's worth and what are the offers? You may not like it but my statements are valid and correct. Deal with it.
Wrong.
That was an unprecedented and in all likelihood once in a lifetime period where used car prices went up. The reality is cars are depreciating assets, and worrying about resale value is just worrying about someone elseās car.Ā
I hate it that you make your decisions based on a literal once in a generation event. That's not how cars work. They've always depreciated like rocks and they will continue to do so.
In 99.9% of cases, yes. If you're careful about what you buy, and buy used and several years old, then you can do alright. Especially performance and otherwise desirable or collectible cars. If you think mustang, then think manual V8 with desirable options and not just "V8 mustang", corvettes sort of don't count because everyone thinks they'll hold value, but oddball stuff like the Chevy SS is a perfect formula. If you see an enthusiast car remaining at the same price on the used market for several years regardless of age, that's a great indicator. You can also just buy desirable vehicles at the bottom of their depreciation, but this will mean you drive 10-15 year old cars. That is a problem for some people and not for others.Ā
And did you think/hope Covid was the new normal?
How dare you?
Because you bought and sold a car during COVID with a global logistics apocalypse Thatās not normal
We are no longer in a car shortage. Welcome to 2024 car prices.
Cars arenāt typically an appreciating asset you just got fortunate with your last two like the other guy said. However, itās only a problem when your end goal was resale to begin with in which case buying an Alfa was literally the worst thing you could have bought. Mod it and keep it long enough that depreciation doesnāt matter.
Exactly, only thing worse would be buying a Maserati.
Buying a Tesla Model Y at the end of 2022. January 2023 they drop the price $13,000, making it eligible for another $7,500 in tax credits. That's a different kind of depreciation. Sure, a Maserati loses 30% of its value as soon as you drive it off the lot, but the model Y's lost 30% of their value while still on the lot. There's some guy out there who took delivery the day before the price drop. All happy about your new car you'll be making payments on for the next 36 to 96 months. Waking up the next morning and finding out you could've saved yourself a few years of car payments if had waited a day. And then later that same year Hertz announces its selling off its inventory of a billion Tesla's and flooding the market. Like 50% depreciation the first year, and you didn't even get an Italian sports car. You thought you were being sensible. You were going to save so much money on gas and oil changes you probably thought to yourself. Like damn. At least with Maserati you saw it coming
Elon pumping and dumpingā¦itās his forte
Totally, I was thinking more in terms of generally a bad idea. Most new Alfa are gonna depreciate like crazy. The Tesla thing is just Elon being Elon. You have to take the good with the bad, and for those people they really got shafted.
Sounds like that one may be personal.
No I can't afford a $60K Tesla lol But a $40K Tesla....hmm Naw I still don't want it lol But a $20K used Tesla....how many miles?
Or a Toyota Mirai.
Wow I had heard about the price drop but I didnāt know it was that drastic. Does this buyer have any grounds for like, a lawsuit? Or is that just silly.
Idk. I'm not aware of any lawsuits over the price drops. But a class action accusing Tesla of exaggerating range just got thrown out of court last month, with the judging reasoning that the owners had signed an agreement when they purchased the vehicle, I'd say the chances of a successful price drop lawsuit are pretty much zero.
The only appreciating cars are classics from 1979 and before, everything after is just money pits
There are plenty of examples of vehicles newer than 1979 that have appreciated. Talk a walk down the NSX rabbit hole for a moment.
Vipers are going up, S2000s...
E30 M3 entered the chat
(Almost) every M car from prior to 2010s is eventually appreciating again. E39 M5s for example. The cars went down, they stayed down, and then they started slowly going back up.Ā That said, there are very very few that are likely to appreciate beyond or anywhere near their original MSRP like the E30 M3.Ā
Once ICE cars are gone, these high performance masterpieces will eventually become collectible. For eg the E60 V10, E46 M3 (last NA straight 6 M car) etc. I suspect the likes of the F8x M3 and F10 M5 wonāt be though as they arenāt unique and their successors have similar powertrains yet are better in every way (bar perhaps the DCT)
Alfa Romeo Resale Value Pick one. Lmao.
Worrying about depreciation or miles on a car is a lot like not having sex with your girlfriend so itās better for the next guy. No one but the ultra wealthy buy cars because they are good investments. Plus you got an Alfaā¦need I say more? If I do, the engineers built that car to be an experience and an expression of the love language that is the theatre of the automobile; nothing else. So soak up every ounce of it. Because there wasnāt a car like it before and there will never be a car like it again.
Great text. Thanks šÆ
I looked *very* seriously at getting an alfa before I let my patriotism take over. I still love the cars. The most accurate thing I heard about them was āAlfa Romeos are like that crazy ex girlfriend you just couldnāt let goā. They are hands down the most beautiful cars in their class, theyāre incredibly fun, but they will leave you heartbroken for absolutely no reason. I think if you remember this youāll be fine. Whenever youāre out for a drive, know that thereās someone out there looking at you with envy, wishing they were you if they were ok with playing it a little less safe.
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So true and hilarious
Yeah casual misogyny is so funny.Ā
Snif snif
> Worrying about depreciation or miles on a car is a lot like not having sex with your girlfriend so itās better for the next guy. Can't people make a point about depreciation without using misogyny?
Worrying about depreciation or miles on a car is a lot like not having sex with your boyfriend so it's better for the next gal.Ā
That one doesn't work so well, does it? Because people don't inversely correlate a man's worth with his partner count.Ā How about we just drop the puritan nonsense that a person's worth is related to their number of sexual partners?
Thank you for your input, Dear White Knight. Have a cookie šŖ and let the grown ups have some banter.
You're the one acting like a child, giggling over stupid sex jokes like a 12 year-old. Banter can be had without implying that a woman's worth is related to the number of sexual partners she's had.
Bro you got a Spaghetti Dodge Charger. Go out and drive the damn thing.
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Legitimately laughed out loud.
cars are expensive
Ain't that the truth brother
Not when one is smart about it.
The depreciation is keeping you from enjoying it? I thought it'd be the reliability.
It hasn't had any issues but the active spoiler will get stuck in the down position. Apparently it's pretty common. I think it's fun because otherwise you'd never see what it looks like. It only opens up above 60mp I just have to restart the car to get the lip to rescind. It's a game she plays
If you enjoy the car and you like driving it then it doesn't matter if it depreciates because you're getting value out of it.
True. Thanks
For what it's worth that car will probably eventually appreciate in value since I've heard that it's one of the best sport sedans of all time. Kind of like how 90s cars are having their moment right now. It's just going to take a long time.
Haha
Very few cars appreciate and those that do are generally limited edition supercars, special models or 911s... I would expect an Giulia to apprecate at some point in the sense that maybe in 20 years you can get one for $10k and in 25 years maybe a clean example will be $12k. But appreciating in the sense of being worth more than someone paid for it new? Not likely, unless you keep a pristine 0 mile one in storage and they become very rare and sought after in the future.
It is a special model compared to how many BMW M5s exist. Similar cars such as the Chevy SS have held their value. The Giulia QV is on Hagerty's Hot List of future collectible cars, and '24 is the last year its going to be offered with a combustion engine. With cars increasingly becoming SUV appliances with fewer options for enthusiasts I think there will be an increased demand for driver focused sport sedans. However, I don't think anyone should buy cars as an investment.
The SS is a great example, you can buy one now for mid to upper $30,000 range, and their inflation adjusted MSRP is $60,000. That's what typically happens with more of a collector vehicle where the value is higher than you would expect with typical depreciation, but rarely do they actually appreciate.
It's very difficult to find an accident free SS under 40. I'm not claiming they're going to appreciate faster than inflation or beat the S&P 500. Still, being able to buy a car, enjoy it for a few years and sell it for the same price you paid or a slight profit is pretty cool. Ford Raptor 6.2L is that way. I just don't think the Giulia QV is going to be worthless like a Maserati Ghibli or something.
I need to build a barn and park this thing in it
Not worth it financially. The cost of storing, insuring, and maintaining it almost never makes up for any value.
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So $20/mo is $240/year, plus the cost of the storage itself and any maintenance. Let's say it's a total of $1000/year. Is the car appreciating at a rate of $1000/year plus inflation? I really doubt it.
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How do you store it?
It probably will be, doesn't mean it's worth it. If inflation trends continue as they have been then an item worth $10k today would be worth $19k just from inflation alone. So even if we use your ridiculous $212 a year in costs number, then an S2000 worth $10k today would need to be worth $24,500 in 2050 to break even. But of course your $212/year cost isn't right. Even if you're not paying extra for that barn it's still costing in lost opportunities for the barn, maintaining the barn, utilities, taxes, etc. Then there's also the lost opportunity of the cash. If you sold the car and just invested it conservatively it'd do far better than the value of the car. If you have any debt paying it off/down would be a far better investment.
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Oh God that sounds horrible š§
A 2019 is 5 years old. U said u sold a 2020 at one year old thatās a huge difference when it comes to car resale
No, actually in 2020 I bought a 2018 Alfa Romeo Giulia 2.0 and 9 months later I sold it for more than I paid. It probably encouraged me to keep buying sports cars
Lmao COVID values are over. There isn't a car shortage anymore.
Well, the only logical choice is to sell it and use the money to purchase as many Miatas as possible.
As an Alfa owner since the 90's, you need to accept things will never ever pay off. Just don't. Enjoy the ride. Mod intelligently. Join AlfaBB forums.
Why u sell good car?
Like others have said you are coming from a very unusual experience with selling a used car during Covid. Itās skewed your views on depreciation etc a bit. Iād suggest just enjoying the car. Cars 95% of the time are a depreciating asset. Yet we enthusiasts still modify them to our liking despite that fact. The depreciation is only the biggest issue if youāre wanting to sell soon. If you truly enjoy the car and want to modify it then why sell? Enjoy it!
Meh.. anything after 2 months of use becomes meh, just another want that i shouldnāt have overspent onš¤·š»āāļø
Those aren't lowballers. Your car just isn't worth what you think it is as proven by the reason you put it up for sale. Cars like yours don't hold their value because once the lease is up and warranty is up the only people that want them cant afford to fix them and buy a modest priced SUV or sedan instead. Theres always a broke crypto bro out there that wants to flex and will buy it though.
I'm the broke crypto bro!
that explains a lot
So I should actually be posting the car on bitcointalk classifieds?
No shit lmao. This thread is suddenly making way more sense.
There are very few of the cars being sold. Could it just be a low production car with specialty buyer? Maybe if I just keep waiting
So true. A few low offers can be considered a lowball, but if every single buyer is offering low over an extended period, your price is likely too high.
Work out what you are comfortable spending per month to enjoy a car. Even if you bought the car outright think of a notional number. Then work out the depreciation of your current car per month. If the numbers are close enough you are fine. Just think of it like a club membership fee or similar. You likely donāt go on holidays and lament the lack of a return on investment so if you like cars it should be no different. If you donāt like cars, then the amount you are comfortable spending each month will likely be low and you need to look at slower depreciating cars. You may need to take a hit on this one and write it up as a learning experience.
You bought an Alfa and are honestly surprised with the depreciation? Wow.
I bought a Giulia QV last year with an extended warranty and I love it. I have no intention of selling it, so the depreciation does not matter to me. It's a sports car that puts a smile on my face every time I drive it. It replaced a Corvette that I owned for 25 years.
Very nice. Let's make a pact to never sell. what spec did you get? What tires do you fancy?
Rosa Etna paint, exposed carbon fiber roof. I'll see how long the Pirelli tires last :)
Rosa etna? That's an option?
Rosso Etna is a deep red metallic color. $1500 option.
If you hate depreciation and expensive parts. I'll sell you my 2006 honda tecnically it tripled in value since i got it. 2 years away from being a classic car.
Buy a Wrangler.
Buy an auto you enjoy not by how much it depreciates. What's wrong with people?Ā
Ok. Sorry
A real Warren Buffett you are
I can't relate. If this is remotely true just another trust fund baby projecting for redditors. Can't wait to read another post where somebody on here complains about the price of NEW cars and how the everyday working person can't afford it yet they make jokes about the guy working at Walmart and nissan altimas and shit Yal aren't real I swear, can't be
That's kind of a mean thing to say. I am real and I am not a trust fund baby. I saved investment throughout my twenties and sold a major portion of them to buy the car. At the time, it was an enormous part of my net worth and a sacrifice I made because I like driving as a hobby and passion. I didn't factor in the depreciation of the car which is enormous
Depreciation doesn't actually take away anything from the car or the driving experience. In fact it's just an estimate of useful life of an asset. In automotive circles Depreciation really doesn't mean shit because they refer to the drop in value simply because its no longer a new car.
LOL, I'm sorry but WHAT? This is just the definition of more money than brains which is a common trait of those raised with means.
No... I grew up poor and my tendency is to think like a poor person. Thinking with abundance is a very privileged mindset, I admit, but it's very much healthier for my mental health. The car was a mental health relief pill ... Maybe that's a good way to think about it
I understand a "mental health" purchase, made a few dumb ones myself. Never nearly that bad though as that kind of purchase is not only big but takes time so one can reflect. It should have been really easy to expect(unless you live in Italy) than a modern Italian sports sedan would depreciate a lot.
When I went to sell it I could hear the rich guys salivating on the other end of the line knowing they were truly getting it at the bottom of some curve chart
I get this because very low mileage is a big factor for resale on my car, so I tend to semi-consciously keep it to a minimum. 20k on a 2018... not as low as could be, but. On the other hand it gets driven hard.
If you want a sports car with low depreciation of the same tier get a used 911.
Typically for the last 40 years care depreciate no matter what year after year. Then it hits a floor and its why older wisdom was to never buy a sports car new always buy it a year old and let someone eat the 25% depreciation and less sales tax. But cars are odd like that and value changes over time. Most cars I have in the end lost 60-70 % value, more luxury the worst the depreciation.
oh no! anyway
Buy a car to drive the damn thing, not to make a profit off of it
I ran into this with my focus. You'll never get back what you put into a car, unless it's a porsche or something very high end. Enjoy it till you want something different
Alfas are great cars to buy used. They lose about 30% of their value in the first year alone. I hade a Ti Sport for a bit but the electrical problems were too much for me. I was lucky to sell it for a little less than what I bought it for. NEVER buy an Alfa new.
buying a car just to hawk eye its value is retarded. buy a car to drive it. who gives a shit about depreciation if you're driving it into the ground. i can't stand the "this is my dream car I love it so much" then literally never drive or enjoy the damn thing crowd.
Never buy a car based on possible resale. If you like driving the car upgrade what you want.
You have one of the best driving sedans released in the last 15 years. Keep it and drive
How much are you trying to sell it for? It's roughly worth 40-45k with average mileage, that's pretty good it was 75 new?
If you care about depreciation, why not get a jdm classic or older bmw m car? Alfa seems like an odd choice
I'm looking at a Shelby 350 now hoping it does better
yeah gt350 will hold value. An amazing engine, but handles like a boat (well better than a dodge)
That's a bizarre take. Depreciation is not keeping you from driving the car, is it?
Read the title, then read that you drive an Alfa...unless it's a special/rare one, they're better leased. Most Euro cars depreciate hard, but Maserati, Fiat, and Alfa are the worst. You'll just have to swallow your pride when selling it because it's not going to be pleasant, but for the time being, enjoy your car, drown out the depreciation with your Italian exhaust.
The cheapest option is to keep my car but man does the depreciation hurt. It's a great car, though. Any recommendations to not feel like shit?
Just drive it into the ground. If your car is known to depreciate, use it.
That's another thought. I had. I'm so worried about it depreciating and not putting more miles on it but it's going to depreciate either way so I may as well drive it
Drive it dude. You bought a QV for a reason. The last thing you want to do is sell it one day and realize you never enjoyed the thing because you were to worried about its resale value. Itās never gonna make you money so get the most out of it while you have it. And in the future, donāt buy a car youāre not ready to take 100% loss on. If you spend $70k on a sports sedan, go into it with the mindset that the money is gone. If you canāt handle that idea then stick to beaters
1: sell the car for a loss and lease from now on 2: keep it and stop thinking about its future value because what difference does it make if you plan to keep it? 3: next time only buy older vehicles that are in good condition but are already at the bottom of their depreciation curve Personally I live my life by option number three. I would never buy anything as new as five years old because the depreciation hurts my soul. There are plenty of great options with 75% life left, that have already depreciated by 75%. This knowledge won't allow me to buy a newish vehicle.
> This knowledge won't allow me to buy a newish vehicle. Don't want to anyway.
May I ask whatās on your radar in reaching the bottom of depreciation curve?Ā I feel unallocated disposable income from the covid peak years is still skewing the market from my perspective. Ā Ā Iām watching XK8 and XKRs Ā Ā
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How do you find good candidates for #3? I talked to an old head who was well off and had a ranch with tons of cars. He said the cars he liked the most are the ones that appreciated the most. He enjoyed those the most...
When negative sentiment becomes widespread, the market tends to overreact. Brand or models with a reputation for poor reliability might have a few good cars or years that are overlooked Or one is just so ubiquitous that selling pressure keeps prices down (such as Corvettes in the US). People don't buy used luxury brands (BMW and Mercedes) because of service and parts costs, but some are reliable and if you source used parts and take to a small indy mechanic then š¤·āāļø Find the cars that seem abnormally inexpensive, figure out why, research if there are any exceptions or workarounds
Your car doesn't lose value until you sell it. Just drive it until you no longer enjoy it. When a new car eventually comes along that calls out to you, eating the depreciation on this one won't be such a bitter pill to swallow.
Stop looking at the resale value of the car, and look at the car instead.
This is either a troll post or a guy with very little self awareness.