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Discussion Starter · #41 ·
I wish I agreed with you, but I think prices have just dropped a lot and sellers are not quite ready to bite that bullet. I believe the super well taken care of cars and the special ones will hold value a bit longer, but a run of the mill R8 like mine is destined to continue to drop.

I'm looking forward to reviving this thread on a year and see who has been right. None of us really know with any level of confidence and we are all, I believe, skewed by our love for the car.
 

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people are keeping them because they realize they are the last of them. for example, mine will never be on bring a trailer.
I have to disagree with this also. From my understanding BAT purposefully control the amount of specific models for sale to prop up demand, it’s why sometimes it takes weeks and months just to get a car listed.

As for the market, it’s definitely soft and prices will drop no question about it. To what extent is the unknown. There are multiple examples you can pick from right now, from gated V10s to regular R8’s. Even cars that people have listed for what they think is fair are sitting for a while. Same thing happening in the Porsche world, I think owners are just biased on this subject so they don’t want to accept that the cars are worth less than what they thought and also dealers not wanting to take a bath, which is propping up the market a bit, once cars sit for long enough because there aren’t as many buyers anymore and the people that actually want to move them start lowering their prices enough it’ll be a trickle effect. As this hits the broader market and you can start cross shopping for other desirable makes/models everything else will follow (e.g. a gen 1 R8 owner now being able to get into a 991 GT3 because GT3 prices are dropping).

Just my opinion of course
 

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Prices are dropping fast.. Had my 17 v10 plus for sale for 2 months and not one call.... but luckily I sold it for asking price(175k).
Just takes patience but last summer my car would have sold in a day or 2 for possibly more.
I maaaaay buy another one when the market drops more but I had my r8 for a little over a year and made 32k. Not bad.
I didn't drive it anymore once I got my mclaren and figured now is the time to cash out while the market is still somewhat good for selling.
 

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Discussion Starter · #44 ·
Anytime someone "made" money on a used car, we are destined to see a crash. I don't want it, but I'm afraid it is happening.


And did you really make money? I doubt it. With tax and insurance and all that what was the actual return? Are you saying sale price was 32k more than purchase price? I'm genuinely curious. But did tax, insurance etc eat up that whole 32k or more or less? Any way you look at it, it was still a great deal for a year.of owning a car, but im skeptical that anyone is actually making money buying and driving an r8
 

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This market is definitely going to cool more - it must just given what's going on in the broader economy. Heck, when you see "buy now, pay later" fintechs racking up hundreds of billions in loan volume, then turning around and selling it as securitized investments to Wall Street, you know something unhealthy is underway. The pandemic helicopter money sure pushed a lot of cash into the system, and now consumers are turning to questionable means of keeping the good times rolling.

But look... I really don't care what an R8 is worth. It could be $5k or $500k. I'm lucky enough to already own one (so I'm not in the market to buy!), and I have no intention of ever selling it. So, the price is pretty much irrelevant. When I bought it, 8+ years ago now, I plunked down the cash and mentally wrote off the value to $0 in my head. I don't include cars (or even my primary residence) as part of my net worth, either, so I don't regularly care about the value. They're not investments... just things I enjoy from a lifestyle perspective.

Do I believe, at some point, R8s will be worth some serious cash? Yeah, I do. I won't rehash all the reasons why here, but suffice it to say, as Audi's first production supercar, a storied motorsport heritage, and an icon of its era, it's a pretty important car and a formula that future buyers sadly won't get to enjoy when buying something new. It's always been a rarity to own and experience something like a naturally aspirated V10 revving out to 8,700rpm... but not long from now, it's going to be far more of a rarity and just a pipe dream for many. Whatever it may be worth on some market in the future, I'm holding mine indefinitely... to drive and enjoy, as it was intended... especially once my only other options are muted, small displacement hybrids and fully electric cars! :)
 

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markets coming down here in Canada and its like a freight train. Customers are cancelling new car orders left right and center due to interest we are starting to get some inventory from the left over orders we have slowed down about 60% of what we were doing 3-4 months ago. used cars have dropped about 10-15% here as well its coming down but i can also see it crashing once we get all these left over cars. Home prices in Ontario are hopefully going to follow suite so i can buy my first home but this is looking still like its going to be awhile. Then again states side is voting on increasing interest this week more across the board and we up here usually follow suite. Im sniffing 2008 again most home owners are really now starting to struggle to make there payments know 3 friends about to lose there homes due to the interest
 

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markets coming down here in Canada and its like a freight train. Customers are cancelling new car orders left right and center due to interest we are starting to get some inventory from the left over orders we have slowed down about 60% of what we were doing 3-4 months ago. used cars have dropped about 10-15% here as well its coming down but i can also see it crashing once we get all these left over cars. Home prices in Ontario are hopefully going to follow suite so i can buy my first home but this is looking still like its going to be awhile. Then again states side is voting on increasing interest this week more across the board and we up here usually follow suite. Im sniffing 2008 again most home owners are really now starting to struggle to make there payments know 3 friends about to lose there homes due to the interest
The Federal Reserve will raise interest rates... right up until the point where they reverse course. It's a roller coaster. Right now, tamping down inflation is the primary goal, so strangling consumer spending by taking away easy credit is the tool of choice. But, as I said above, there are already plenty of other indicators suggesting that consumers aren't as healthy as we'd like... we're getting some hangover in spending habits (because habits are hard to break!), but the way that spending is being achieved is more and more reliant on credit and questionable credit to say the least. Fintechs like Affirm have become overnight sensations - buy now pay later of choice for Amazon hasn't hurt - but its popularity is a bad sign for underlying consumer health. Moreover, Affirm, like its nearest competitors, is losing hundreds of millions... adding to the house of cards.

I do think we'll see moderation in home prices, but we won't get a 2008 style crash. The sub-prime lending, massive leveraging, etc. is a shadow of what it was then - so we've learned something. Most of the buyers today are much more credit worthy... but as prices moderate, it will certainly cause some to be underwater where they've overspent in certain markets. Likewise, unlike what we saw in the early 2000's through 2005/6 (peak of the housing bubble back then), much of today's spike isn't due to speculative buying, flipping, sub-prime, etc... but increases are due to pent up demand, shortages in supply, and actual inflation... not just the price appreciation but the flight to hard assets to hedge other investments. Then you also have the BlackRock and Zillow types who are manipulating residential real estate by putting heavy thumbs on the scales of certain markets. As I said, I think we'll see some moderation, but we won't see a big crash broadly speaking... clearly individual markets, especially those at one end or the other of a bell curve are outliers that may see some more radical stuff.
 
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markets coming down here in Canada and its like a freight train. Customers are cancelling new car orders left right and center due to interest we are starting to get some inventory from the left over orders we have slowed down about 60% of what we were doing 3-4 months ago. used cars have dropped about 10-15% here as well its coming down but i can also see it crashing once we get all these left over cars. Home prices in Ontario are hopefully going to follow suite so i can buy my first home but this is looking still like its going to be awhile. Then again states side is voting on increasing interest this week more across the board and we up here usually follow suite. Im sniffing 2008 again most home owners are really now starting to struggle to make there payments know 3 friends about to lose there homes due to the interest
“sniffing 2008 again”.
Friend, you should buy 1-2 economic books or read a couple financial newspapers. We are in a vastly different economic scenario these days including far far less leverage as well as vastly improved balance sheets world wide. If you have friends about to lose homes with rates at current levels….you have some dumb friends. “ Recent rates lowest in generations, lets stick with variable mtge, because they cannot ever actually go up”. Used car prices came down 4% in August.
 

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Anytime someone "made" money on a used car, we are destined to see a crash. I don't want it, but I'm afraid it is happening.


And did you really make money? I doubt it. With tax and insurance and all that what was the actual return? Are you saying sale price was 32k more than purchase price? I'm genuinely curious. But did tax, insurance etc eat up that whole 32k or more or less? Any way you look at it, it was still a great deal for a year.of owning a car, but im skeptical that anyone is actually making money buying and driving an r8
I MADE 32k on it.. after taxes etc etc. I bought he car cheap before all the car spike.
 

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Price seems to soften in the UK too... below 2 cars with similar mileage sold on collecting cars...
Having recently started searching for an R8 myself I have to agree with the above. I have seen prices falling quite a lot over the last couple of months and continue to do so. Not sure whether this is seasonal or is the beginning of a bigger more sustained fall in prices. Of course this makes things very difficult for a buyer like me though as not many want to be catching a falling knife if the latter is the case!
 

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Discussion Starter · #54 ·
I'd wait in the UK. People with big homes are about to see their electric bill go up hundreds of pounds a month. Sept 1st is the first real big price increase. People who live here and have an r8 financed and are stretching to make payments are going to start to dispose of their toys. From what I see in these forums I think about half of the owners are stretching a bit to own the car. I bet more inventory comes online in next 3 months.


Also, serious question, can I put a bit L sticker on the back of my car? I'm really truly a bit of a danger in the roads and wondering if it would help people to realize I am literally just learning. Or is it some law that inky people can have them if they are new drivers?
 

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Fed just announced some pretty bad forecasts. Calling for housing recession soon now. So no way cars stay inflated while housing suffers too. I was looking to buy but think I'll push my buy out to late 2023 / 2024.
 

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yea a lot of pain still yet to come
i love how they pumped all this 'free' money into the economy to boost it during the early days of the pandemic, then are surprised it resulted in inflation
 

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yea a lot of pain still yet to come
i love how they pumped all this 'free' money into the economy to boost it during the early days of the pandemic, then are surprised it resulted in inflation
Right, Dr. Hindsight. And when Brandon and the gang, essentially shut down the economy in a useless pandemic reaction, kindly tell the class what you would have done ?
Inflation tools are many and historically effective, having an economy going from robust to instantly stagnant....not so much.
A substantial portion of inflation is global supply chain/ inventory management which is getting better, none of which assists the mental masturbation of sports car forum 30 day price forecasting.......carry on.
 

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Right, Dr. Hindsight. And when Brandon and the gang, essentially shut down the economy in a useless pandemic reaction, kindly tell the class what you would have done ?
Inflation tools are many and historically effective, having an economy going from robust to instantly stagnant....not so much.
A substantial portion of inflation is global supply chain/ inventory management which is getting better, none of which assists the mental masturbation of sports car forum 30 day price forecasting.......carry on.
anyone ever tell you you have a very confrotational and unproductive way of talking to people? i'm guessing you hear it often
youre not inciting intelligent conversation by behaving this way, youre just either pissing peope off or having them dismiss your otherwise valid pov entirely. if that's your intent then carry on
 

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anyone ever tell you you have a very confrotational and unproductive way of talking to people? i'm guessing you hear it often
youre not inciting intelligent conversation by behaving this way, youre just either pissing peope off or having them dismiss your otherwise valid pov entirely. if that's your intent then carry on
Well, I suppose that’s one way to look at it. Of course the other way to look at it is a ( sarcastic) reaction to a. A completely clueless post on a car forum by somebody that has a history for those. Or b. A teaching moment….something FWIW you can use, but hey you got a like from a fellow economic savant.
Intelligent conversation????

For inflation,over and above Fed policy, please tell the class how much we attribute to rapid economic recovery, Russian invasion, global oil prices, global supply chain issues, stupid excess Govt spending expansion, etc? We’ll wait.
 

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Well, I suppose that’s one way to look at it. Of course the other way to look at it is a ( sarcastic) reaction to a. A completely clueless post on a car forum by somebody that has a history for those. Or b. A teaching moment….something FWIW you can use, but hey you got a like from a fellow economic savant.
Intelligent conversation????

For inflation,over and above Fed policy, please tell the class how much we attribute to rapid economic recovery, Russian invasion, global oil prices, global supply chain issues, stupid excess Govt spending expansion, etc? We’ll wait.
thanks for proving my point. enjoy your weekend
 
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