Virus aren't controlled, MAYBE the spread can be controlled or slowed, but not the virus itself.

The only way out of this situation is exactly the same as every other virus mankind has known since recorded time began.

History is our friend, if we're aware enough to know it.

 

Well bought. My compliments.

But just because this is a bubble doesn't mean it's going to end soon. Like real estate prior to 2008, bubbles can last for years before they're popped.

 

i got lucky with my 2021 ES 250 i paid 41.4k for it last month
Its a luxury package has a few add on options also .
my 2016 was totaled out someone hit me driving through a red light her fault
12 months ago i was offered a 12.5k trade in value with my 2016 at the time with 119k on it.
When the insurnance paid out i got 22.8k evaluation on it where i live and most everywhere else for a 2021 L certified ES250 most dealership around the country where asking 44,000-47,000 one dealership local wwanted 48k so yeah i went cross country to pick it up and i feel that even when the market goes down ill be good on the value maybe loose some but only because of the miles it will have on it when the market comes down bought it with 12k 4 weeks ago now has 18k miles on it
i drive alot

 

Wow, I guess you do!

Great deal. Livery, or just that much business travel?

 

Here's some forecasting that may contradict other opinions here:

https://www.cnbc.com/2021/12/26/bubb...co-warns-.html

 

Livery services

 

Reading this article indicates to me that no one, even so-called experts know which way the car market will go. Too many variables. I'm just glad that I'm neither buying or selling any time soon...

 

Yep not much different than an outlook on stock prices. But you should be sad you're NOT selling at this time

 

Yeah but then I'd need to bring a jar of vaseline along when I tried to buy a new one...

 

If I had a dollar for every time somebody gave bad financial advice on CNBC, I'd be rich. Like Cramer and most CNBC talking heads, he doesn't get paid to be right. He gets paid to talk on television saying "Made you look" things.

 

most people are getting so much more for the trade-in it more than offset paying MSRP. at best I could probably got $3500 off my car if I had purchased it before Covid. but instead I had $12,000 in equity in a three year old car. that same car would’ve probably fetched payoff before Covid.

 

Really?? Are you certain everything you read and hear in the news isn't 100% fact?🤔🤔

 

Well said!

 

If that's true, then it's a great time to buy a car if you have a valuable car to trade in.

 

Yeah, it is definitely depends on the models. In summer of last year I bought low miles fully loaded 2019 ES300h Lux from Carvana for $40k before taxes and fees. I put less than 6K miles on it so far. Just for fun I got a quote from them recently to see how much are they willing to pay me and they try to buy it for $35k. I am sure they will turn around and mark it up between $4k-$5k. Even if they are willing to me $40k I won't do it.