It was interesting to watch the Kissimmee Mecum auctions from a couple weeks ago. The old classic cars that the owners spent their entire retirement restoring went for low double digits. No one cares for those old cars that drive like crap except for the boomers.

 

I always wonder why the car tv channel is so bad. They are basically the same shows about rebuilding muscle and classic cars. Nothing on F1, racing or modern cars. Unless it's like at 3 in the morning. They're missing a huge opportunity.

 

You really have to be dumb to get financing through a dealer unless it was part of an msrp deal. They’ll give you 8% when you can get 5%. On a $400,000 car, thats the cost of another car in extra financing costs.

 

Agreed, BMW is absolutely booming with buyers in their '20s-'40s with their BMW M2, M3 and M4 line up due to their position and the cost distance that has been put between the Porsche and BMW sports cars.

Trenton O. Gibson
tgibson@highline-autos.com
Highline Autos
Direct: 602.909.9216
Office: 480.348.0777

 

In Arizona, if you purchase a vehicle private party anywhere in the country and register it here you do not pay sales tax.

Trenton O. Gibson
tgibson@highline-autos.com
Highline Autos
Direct: 602.909.9216
Office: 480.348.0777

 

I admit I lazily phrased that. In my state there's no tax on private party deals (AZ). There are many other states like mine.

Your typical person financing will not get approved for 300k + on a private party deal. Even with stellar credit. Banks simply won't play that game. Banks want reputable brand name dealers.

Now if youre a 1%er with a portfolio or private banking and you can borrow against yourself that's different. But no average joe/youtuber/social media clown is getting a loan for that amount on a private party sale.

 

Dude, you must be new around here.

Everyone on RL pays cash. For everything.

 

And doesn't care about ADM or depreciation, because you only live once and could die tomorrow.

 

I have a friend who is in the car business who has been saying the same thing for years. He said they yearn for that Camaro or Mustang of their youth, only to finally buy one and realize it drives like crap.

 

Hahaha. And the other RL maxim, "if you can't afford it, work harder".

True YOLO.

I envy AZ.

 

LOL. That's hilarious.

 

True, I've had two 1970 Boss 302's. The performance level of cars of that age are not on the level of my daughter's Jetta. They do have a nostalgic allure to them but they're a constant with maintenance. Modern muscle bridges the gap quite a bit:

 

yep. My situation. 40 yo. Surgeon. High 6 low 7 fig salary depending on year. Priced out (for a new one) 😂😂😂.

 

the dealers sell to themselves essentially. Then make it a cpo so they can sell with markup and not get in trouble w PCNA. Also helps them keep allocations coming since they don’t give you one if you don’t “sell” one.

 

This is honestly what's giving me a hard time right now. My car arrives any day now and my build isnt all that unique but its what I want. For what im paying I can get a brand new with CPO for cheaper. Logically speaking I should abandon my deal and get the latter.