Quote:
Originally Posted by deejaylew
Cars depreciating is normal what I saw from the BRZ was not normal. People who weren't around when the car came out don't remember this was a HOT car. Dealers were selling for msrp or msrp+ 2-3k. after a year and a half the used market was flooded with lower priced FRS'. Those of us who wanted out early got shafted. So no.. what I'm referring to is not normal. After 10+ car purchases I can say that confidently.
People think the used price gradually went to 18k... it was not a slow descent for us impatient folks who bought in early.
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I am not sure I understand this comment.
The 2013 MSRP for the base Premium was: $25,495
Source:
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https://www.autotrader.com/Subaru/BRZ/2013
Currently, for the MY13 with 60k is $15,463 (which is the worse, low selling example, currently)
Source:
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https://www.cargurus.com/Cars/instantMarketValue.action
Therefore, that is a 0.3935% depreciation in 5 years, which isn't bad, by any standard.
So, all other irrelevant points aside (buying a new car with mark-ups is always dumb and happens -- see 2003 Evo for a worse example), the car has maintained value well for a non-truck.
It will also hit rock bottom for GOOD examples under 100k miles around 10-11k at 8-9 years at 0.6078% depreciation -- much better than many other more expensive car values.
What am I missing?
You can't compare people who buy on mark-up. That is always irrelevant.
Or, are you stating the fall wasn't gradual? That is never the case when readily available cars are introduced to the market. Only limited availability cars will maintain in the short (< 3 years) run or HIGHLY desirable cars.