Credit Karma value, I’m RICH???

The apex of buy/sell has passed. Yes you can sell high, but you’ll buy high.

I sold my taco about 3 months ago. I think I got a great price it. So did the buyer. It was a good sale all the way around.

What was good is I was able to buy a new truck and get a smoking deal on it. If I would have waited and sold recently there is no way I could have been able to get the same deal I did on my new truck.

 

What makes you think the Apex has passed? I was at the dealership yesterday and the sales manager told me they’re paying more for used now than they ever have. It’s a Toyota/ Subaru dealer, they also told me Subaru hasn’t made a car in almost a month because of a computer chip shortage (also effecting F150’s right now) I would speculate that as bad as it is now it may even get worse. Also in my original post my value increased almost 5k from last month so the trajectory is still upwards.


Just re-read you might be referring specifically to selling and buying right back in. In that case I’d bet your 100% right because prices are SOARING

 

This isn't inflation. This is a supply and demand issue. There is no supply so demand is up along with prices.

 

Yeah, I mean, asset inflation is a thing, but I haven’t read anything suggesting that’s the driving force behind the current nutso prices on used vehicles. Most are citing things like chip shortages.

 

The semiconductor shortage is also having a significant effect as manufacturers can't meet demand which is leading to an increase in demand for the used market. My 2013 also just had a big bump according to KBB

 

Weird, I just checked KBB for the price on my 04 F250 I sold in November and it's still about $5K under what I sold it for. I went and looked at autotrader, FB Marketplace and cars.com and I'd probably get another $2-3K had I held onto it.

Also just checked my 17 SR5 and that price is ridiculously high.

 

Correct I was referencing the selling and buying aspect of it...as far as selling, the prices go up. It’s good as long as you don’t need to buy.

 

No plans to sell either my Taco or my '88 911. But just for comparison, I paid just under $18K for the 911 in '03 and it's worth about $70K today. As I like to say, not nearly as good as Apple stock but a hell or lot more fun. That being said, watching what that Apple stock has done since '98 or so when I first got into it is pretty damned exciting too. And for the guy above who is worried about his retirement account tracking inflation, that means you're probably not invested properly.