Advice about selling my 860
 

Got a halo white 2017 860 now with 300miles on it... I traded in my 2013 FRS but now I moved suddenly and don't need a car at all.

Any advice on selling it without loosing too much of my investment? I live in Northern CA.

I've never posted on here so bear with me a bit if I post wrong.

Thanks in advance!!

New cars are not investments they are depreciating assets. Your car lost 10% of it's value the second you signed the papers and it became yours. i could stand corrected but I believe the supply in Noth Ca exceeds the demand so you will take another hit on value.
The best way to get the most is private sale but you need to be prepared to wait for a buyer willing to pay the price. You will lose your shirt selling to a dealer.
If you moved sudden,y and don't need a car what are the chances of moving again and suddenly needing one? You may be best off just hanging onto it.

I'm with Tcoat, getting into a new car is no joke and is something you should be prepared to bear for the next several years, at this point you're better off hanging onto it then losing thousands trying to get rid of it again.

Don't need a car at all?

Where did you move?

Sport car. NOCAL.

Go for a drive once in a while.
Even if you don't have to.
Drive up the coast or over the range for a pint of milk.

Is it paid for, or did you finance it?

How about a dose of reality.

If he financed it, that's a lot of money flowing out every month that he could be using for something else. Not having a car payment feels a lot like giving yourself a big raise. And there's also insurance, taxes, registration and maintenance that all cost money. If he's in a part of northern California that doesn't require transportation, that's probably the Bay Area, and it really isn't cheap to live there. Not having a car payment could mean a significant increase in his quality of life.

If he paid cash, that's a lot of money tied up in something he doesn't need and isn't using very often. That cash could be used for something else. It could go into savings. It could be used for school tuition. It could go toward a down payment for a house.

Furthermore, tied up in the car, it's going to dwindle. Waiting a year to sell it might reduce what he gets back by 30%. Keeping something he doesn't drive enough to justify owning it will essentially be the same as just throwing away $10K or $15K.

Omertaaone, don't think about what you already paid. That's sunk cost. It's gone. It's never coming back. Don't think about getting your money back out of it. If the value is $5K less than what you paid, don't think, "I'm losing $5,000." You ALREADY lost $5K. It's done. Now's the time to get over it and reduce future losses.

Reset your thinking and consider that you have an asset that is costing you money to keep and is dwindling in value the longer you keep it. The sooner you sell it, the less you spend and the more cash you get. With that mindset, find out what they're selling for, price it accordingly and list it on Craigslist, used car sites and maybe Ebay. Yeah, it'll hurt, but it'll hurt less over the long run to realize the injury has already happened and take your medicine.

Since you don't need the car anymore I presume you moved to San Francisco and now have >$2000 in rent due in two weeks and I never even wanted to know the pain of what parking costs up there. If you're patient list it on the classifieds here and Craigslist and Autotrader and cars.com and whatever else you can find. If you're impatient take it out to CarMax and be done with it by tomorrow afternoon.

If you can financially afford to keep it, at least enjoy the summer with it and explore some of the best backroads in the country, pick any weekend and hit up an autocross, or take it out to run on Laguna Seca, Sonoma Raceway or the biggest road course in America, Thunderhill. You just moved to one of the best places to own a new sports car if you're​ not trapped in the city.

Hello Omertaaone ....... bummer you have to get rid of your new car ..... :(

Where (more specifically) is your car right now .. ??

What is the time constraint you have for selling it ... ??


humfrz

Maybe try not calling it an 860? Ugh, i cringe that people are calling the new one that now. IT'S AN 86, A GT86!

I assume you don't know there's a special edition called the 860.

This guy. :bellyroll:

Face palm Face palm Face palm Face palm

You're going to lose out. Hardcore. Sorry.