Going to buy a new truck soon...

Elysian said:
Well, after 9 months on the market I finally decided to see what Carmax would offer me. They offered me $21k, 3k over what I owe, so hell yeah I'll take that. Got more than I expected.
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So how much did you "technically" lose?
 
What is the importance of such a metric anyway?

A vehicle is a depreciating asset. In describing such a loss people also don't factor in the value inherent to its use. I'd argue nothing was lost, because you would either be paying for something else OR another depreciating asset would be sitting in its place.

Saying one lost money because they didn't get what it is worth is meaningless. Value is subjective, and really only equates to what someone would pay. In this case it was less than what was wanted, but more than was owed.

Elysian walked away with cash in hand. I would argue he didn't really lose anything.
 
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Clockwork said:
What is the importance of such a metric anyway?

A vehicle is a depreciating asset. In describing such a loss people also don't factor in the value inherent to its use. I'd argue nothing was lost, because you would either be paying for something else OR another depreciating asset would be sitting in its place.

Saying one lost money because they didn't get what it is worth is meaningless. Value is subjective, and really only equates to what someone would pay. In this case it was less than what was wanted, but more than was owed.

Elysian walked away with cash in hand. I would argue he didn't really lose anything.
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Investor mindset. I suppose with a car you want to lose the least amount of money possible to recoup your loss cuz its an expensive product.
To me its just another product...a really expensive one, not an investment vehicle that is supposed to have meaning after a certain period of time has passed.
 
I definitely feel like I got my money's worth, even with the issues. $9k for 37k miles with a warranty is not much to worry about.
 
Elysian said:
$9k since I bought it brand new in Feb 2018. 3k below what I had it listed at.
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Not too bad. Also, 37k miles in two years, with a lot of time spent at the dealer? Hot damn!

Don't know why anyone is questioning the reason of why I asked that. I was curious what the total came out to for the two and a half years of ownership. $9k isn't too bad considering
 
Just bought(well leased) new 2020 f150 sport, took forever to find one but should have it next week sometime
 
Nunz said:
Not too bad. Also, 37k miles in two years, with a lot of time spent at the dealer? Hot damn!

Don't know why anyone is questioning the reason of why I asked that. I was curious what the total came out to for the two and a half years of ownership. $9k isn't too bad considering
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Yeah, I probably put another 10k miles on their loaners.
 
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