Subaru brz resell value

[n2oinferno]

Originally Posted by rice_classic

Economics in Highschool!

Either you're much older than me or much younger. Never heard of such thing and I've been saying for years that economics and finance (especially personal finance) should be taught in high school.

I had to take it 12 years ago.

I was looking at the used market yesterday too, just to see where everything is sitting. A few are selling for more than a new one, but I saw a couple FRSes listed under 24k. And keep in mind that the posted price is just that, a posted price. It doesn't necessarily mean that's what you have to pay.

Originally Posted by ftc~brz

there is a dealer up the street selling a used brz limited for 33k....WTF? right?

Wait it out and you'll find what you want. Right now everyone wants to make a profit

just my 2 pennies

Yeah, no shit. There's a listing on Autotrader for a BRZ Limited in NC, I think, and the car isn't even in his/her posession. The owner of the listing is selling the car that he/she has on order, with an estimated delivery in December, for 33k.

edit: here it is http://www.autotrader.com/cars-for-s...ngId=330877078

[jmaryt]

Originally Posted by Mr.Jay

consider the demand and the lack of supply

also the fact that many dealerships are selling way above the MSRP and still off loading cars

Hell there are FRS selling at BRZ prices and still getting sold

This is the hottest car on the market right now I've had a guy ask to buy the car from me for 5K more than I got it for.

Not so weird IMO

if ya willing to travel some,come to new england.
plenty of 'em here waitin' for the snow to arrive,so as to give the sales people somethin' to do! ehe! he! he! most of 'em still mounting the primacys! real good for new england in the winter!

[dsgerbc]

There is no single market equilibrium price for a BRZ market. And for almost any car market. People don't pay the same price for the same car. It's very decentralized, there's a location, seller and a handful of potential buyers. There will be more of those right now in the warmer states.

I highly doubt people in the FS are getting their asking for their slightly used FRS/BRZ with 3-7k miles. It's possibly if there is the right buyer in the right time, but I doubt everyone is that lucky.

Quite a few people who are selling are probably upside-down on their loans and it's not easy to sell a car like that privately.

Quite a few people selling are looking to get of problematic cars with CEL issues. Finding an oblivious buyer takes time.

So, all in all, I highly doubt that everyone selling their used BRZ/FRSs is getting anything close to what they paid for. Two-three grand under is probably more realistic, especially for cars over 1k miles . Ebay is your friend when there are no regular kbb/nada/edmunds estimates.

And even if one gets close to what they paid for, people in most states are still out for a sales-tax, which is non-trivial amount to lose for a few months worth of driving.

That said, first model year cars typically remain relatively overvalued, unless plagued with serious issues. It remains to be seen how the ongoing CEL/chirping issues evolve.

[subatoy]

don't forget that someone who bought a $25k car also paid, tax, fees, delivery charges etc. so they paid around $2,500 more than just the value of the car.

so if you see someone selling their used car for $25k with lets say 5k-10k miles thats not a bad deal (assuming you don't live in a stupid state where you have to pay taxes on a private sale)

I bought a FULLY loaded 2011 GTI with DSG with 7k miles for $24k out the door, I could've got a brand new EMPTY one for that much money.

[sho220]

Originally Posted by n2oinferno

edit: here it is http://www.autotrader.com/cars-for-s...ngId=330877078

33k for that car doesn't seem too out of line considering it has the "chrome gender trim options"...

[Spaceywilly]

I put my car up in the classifieds since at the time I was looking at a house and was looking to get rid of the loan. Carmax offered $23,000 which I thought was pretty good and I was just going to see if I could get more than that. Since then I found bunch of problems with the house I was looking at so I'm not planning on selling the car anymore, but there hasn't really been that much interest.

[fistpoint]

Originally Posted by Jared9

Whatever happened to your car losing 10-20% of value the moment you drove it off the lot?

That right there is the problem. I've never fully understood how people come to this conclusion unless they were driving junk brands that have horrible resale values in the first place.

My '00 Civic Si was stolen 3.5 years after I bought it. I paid $18500 OTD with a wing on it. It had 67000+ miles which carried a massive penalty due to excess mileage. Insurance gave me $15500 for the 3.5 year old car with 67000 miles on it.

That's a 16% loss over 3.5 years, right smack in the middle the 10-20% claim. If the claim is to be believed, then does that mean the car lost that 16% on day one, but didn't lose a single penny of value for the next 3.5 years? If true, then it would be insanely idiotic to not own any cehicle for at least 3 years since the value is the same as selling it a week after purchase.

Therefore I have always concluded that the huge instant loss claim was always in regards to trash brands, crap with little to no resale value. Hondas and Toyotas sure as hell hold their value. Go shopping for a slightly used previous year of a Civic, Accord, Camry or Corolla.

In some cases those cars with 10-15k mileage will sell for within a few hundred dollars of the brand new year model(assuming it hasn't changed generations). Part of that reason though is the ability or inability to get a car loan, the rest is excellent resale value due to the brand in question.

I know nothing of Subaru resale values. I do know that with the exception of one model, Subaru scores below average in both initial 90 day quality and 3 year quality results(both J.D. Power) which most assuredly has a negative effect on resale value. But I doubt it would be even close to any average American car company in quickly dropping values(Subaru won't drop as fast).

edited to add: none of this applies to the twins however, as the others have said, supply and demand will dictate much of the resale regardless of quality. Oh yea, supercars drop like a rock with 10x gravity, unless they are one of a handful made in which case they "might" increase in value.

[dsgerbc]

Originally Posted by fistpoint

Insurance gave me $15500 for the 3.5 year old car with 67000 miles on it.

That's an apple to orange comparison. Decent insurance is supposed to pay you a _replacement_ value, that is how much it would cost _you_ to get the same car in a few days from a dealer. Here we're talking mostly private party and/or trade-in value, that is how much you'd get if you were trying to sell. So not what insurance paid you, but what you would've gotten if you tried to sell that car privately or traded it in.

[DeepHunta]

I'll sell you mine......after I know that the BRZ STI is confirmed and I've put down my deposit. So if you don't mind waiting for 1.5 years then my BRZ is now yours

I'm serious, want it? hehehe

[OrbitalEllipses]

Originally Posted by Spaceywilly

I put my car up in the classifieds since at the time I was looking at a house and was looking to get rid of the loan. Carmax offered $23,000 which I thought was pretty good and I was just going to see if I could get more than that. Since then I found bunch of problems with the house I was looking at so I'm not planning on selling the car anymore, but there hasn't really been that much interest.

Best news I've heard all week.

[fistpoint]

Originally Posted by dsgerbc

That's an apple to orange comparison. Decent insurance is supposed to pay you a _replacement_ value, that is how much it would cost _you_ to get the same car in a few days from a dealer. Here we're talking mostly private party and/or trade-in value, that is how much you'd get if you were trying to sell. So not what insurance paid you, but what you would've gotten if you tried to sell that car privately or traded it in.

OP said nothing about trade-in or private party, he is talking about value and depreciation.

I just remembered something too, since the car was torched down to the bone it was rated in average condition instead of the near mint that it was IMO. thus further reducing its value. The rest of what you're saying has no relevance to anything the OP asked.

[jmaryt]

Originally Posted by dsgerbc

There is no single market equilibrium price for a BRZ market. And for almost any car market. People don't pay the same price for the same car. It's very decentralized, there's a location, seller and a handful of potential buyers. There will be more of those right now in the warmer states.

I highly doubt people in the FS are getting their asking for their slightly used FRS/BRZ with 3-7k miles. It's possibly if there is the right buyer in the right time, but I doubt everyone is that lucky.

Quite a few people who are selling are probably upside-down on their loans and it's not easy to sell a car like that privately.

Quite a few people selling are looking to get of problematic cars with CEL issues. Finding an oblivious buyer takes time.

So, all in all, I highly doubt that everyone selling their used BRZ/FRSs is getting anything close to what they paid for. Two-three grand under is probably more realistic, especially for cars over 1k miles . Ebay is your friend when there are no regular kbb/nada/edmunds estimates.

And even if one gets close to what they paid for, people in most states are still out for a sales-tax, which is non-trivial amount to lose for a few months worth of driving.

That said, first model year cars typically remain relatively overvalued, unless plagued with serious issues. It remains to be seen how the ongoing CEL/chirping issues evolve.

really doesn't matter 2 sh**s what the market,OR the car is,i would NOT pay even close to new for a used car.why would anyone do this,regardless of make,or model,in light of the fact,they are "mass produced" even in limited quantities!.if the car ya want isn't on a dealer's lot,be patient it'll show up!
point is,they are NOT going to stop producing that make,or model,so why pay
new for used,or even close to new? in my view,just idiotic!..just sayin'

Originally Posted by fistpoint

That right there is the problem. I've never fully understood how people come to this conclusion unless they were driving junk brands that have horrible resale values in the first place.

My '00 Civic Si was stolen 3.5 years after I bought it. I paid $18500 OTD with a wing on it. It had 67000+ miles which carried a massive penalty due to excess mileage. Insurance gave me $15500 for the 3.5 year old car with 67000 miles on it.

That's a 16% loss over 3.5 years, right smack in the middle the 10-20% claim. If the claim is to be believed, then does that mean the car lost that 16% on day one, but didn't lose a single penny of value for the next 3.5 years? If true, then it would be insanely idiotic to not own any cehicle for at least 3 years since the value is the same as selling it a week after purchase.

Therefore I have always concluded that the huge instant loss claim was always in regards to trash brands, crap with little to no resale value. Hondas and Toyotas sure as hell hold their value. Go shopping for a slightly used previous year of a Civic, Accord, Camry or Corolla.

In some cases those cars with 10-15k mileage will sell for within a few hundred dollars of the brand new year model(assuming it hasn't changed generations). Part of that reason though is the ability or inability to get a car loan, the rest is excellent resale value due to the brand in question.

I know nothing of Subaru resale values. I do know that with the exception of one model, Subaru scores below average in both initial 90 day quality and 3 year quality results(both J.D. Power) which most assuredly has a negative effect on resale value. But I doubt it would be even close to any average American car company in quickly dropping values(Subaru won't drop as fast).

edited to add: none of this applies to the twins however, as the others have said, supply and demand will dictate much of the resale regardless of quality. Oh yea, supercars drop like a rock with 10x gravity, unless they are one of a handful made in which case they "might" increase in value.

case in point! anything general motors!..for years they produced dog s**t cars! now they they have finally got their s**t together,they STILL ain't worth
"crap" used,and the values drop,like they was being driven off a 'high" fuc*ing bridge! sadly ,in a lot of people's minds,they are STILL junk!

[dsgerbc]

Originally Posted by fistpoint

OP said nothing about trade-in or private party, he is talking about value and depreciation.

Of course he is. 10-20% instant depreciation once the car is driven off the lot - is all about trade-in or private sale.

[Jared9]

Originally Posted by Jared9

Low inventory at dealerships causing this trend? I was expecting a few people to list their car a little high, but it seems everyone is. Maybe its just the forum people.

It seems my assumption was correct based on the majority of your posts.

Originally Posted by Mr.Jay

consider the demand and the lack of supply

also the fact that many dealerships are selling way above the MSRP and still off loading cars

Originally Posted by SVTSHC

Supply and Demand my friend. Demand is high, supply is low. Not to mention the car was hyped to ungodly levels, similar to the civics of yesteryear the boyracers will keep the resale value above where it should be.

Originally Posted by Turbowned

Supply and demand, friend.

Originally Posted by OrbitalEllipses

The market demands a return to closer market equilibrium price soon enough. As Qs increased, Qd will decrease and the equilibrium move back. Considering there's a replacement/similar/identical good on the market (FR-S), I think the current equilibrium price isn't staying where it is for very long.

I agree with this..the bubble may burst.

Originally Posted by fistpoint

That right there is the problem. I've never fully understood how people come to this conclusion unless they were driving junk brands that have horrible resale values in the first place.

I'm not sure where the phrase originated from either. Would be curious to find out. I also have never bought a new car. Probably partially from fear of loss of investment. Either way (new or used) you are going to lose money though. I always just assumed it would be less with a used car, again assuming you find one in good shape that doesn't require much spending in repairs.

I bought my modded 04 STi for $18,250 in June 2009 with 57,500 miles.
Sold it for $16,000 in June 2012 with 83,000 miles.

25,000 miles- $2,250 over 36 months is $62.50/month or ~$2/day or $0.09/mile. Plus insurance, gas, and maintenance of course. Insurance and gas is most likely similar to a new STi, maintenance on a used will be more if you hit a 30k, 60k, or 90k marker.