Telluride Tops the List

[Westchesterkia]

16 cars now cost more to buy used than new — Autoblog

The average price of a new car ($41,263 last month) is higher today than ever before. Unfortunately for those looking to save a few bucks by buying used, the average price of u

apple.news

 

[WhiteSX]

16 cars now cost more to buy used than new — Autoblog

The average price of a new car ($41,263 last month) is higher today than ever before. Unfortunately for those looking to save a few bucks by buying used, the average price of u

apple.news

Love it. Cars dot com currently listing 697 used SX trim Tellurides for sale. 686 of them priced over $44k USD. 25 months of ownership for me. Near zero depreciation. Gotta like that.

Enjoy the ride

 

[Navin_Johnson]

Love it. Cars dot com currently listing 697 used SX trim Tellurides for sale. 686 of them priced over $44k USD. 25 months of ownership for me. Near zero depreciation. Gotta like that.

Enjoy the ride

That's almost 700 SX's alone! On one website! You gotta wonder why people are getting rid of their Tellurides. Everyone on here is always claiming that they'll be keeping their's 8 -10 years. Evidently there are others who enjoy the car buying process, or who didn't like the Telly. I currently have a 2009 Hyundai and a 2014 Kia, so I can say for certain that my Telluride will be with us for at least 10 years.

 

[Westchesterkia]

That's almost 700 SX's alone! On one website! You gotta wonder why people are getting rid of their Tellurides. Everyone on here is always claiming that they'll be keeping their's 8 -10 years. Evidently there are others who enjoy the car buying process, or who didn't like the Telly. I currently have a 2009 Hyundai and a 2014 Kia, so I can say for certain that my Telluride will be with us for at least 10 years.

I think a lot of people realize they can get more or what they paid for it and then hold off til market straightens out and get a new 2022 for less beginning of next year. Also wfh has changed a lot of people’s needs in regards to cars.

______________________________

 

[SC300ES]

We had people here traded theirs in because they didn't like the color or it was missing a feature. In the past I never understood why people would be willing to lose money on trading in a year old car. These days it works out to do that. Crazy times.

 

[2020Telly]

I think the most obvious answer to me is that we don’t have a clear answer for each type of buyer’s decision making. All buyers (if they are honest with themselves) at some level suffer from Cognitive Bias. This article describes the different types of Cognitive Bias: https://www.masterclass.com/articles/how-to-identify-cognitive-bias#12-examples-of-cognitive-bias

A person paying over MSRP is motivated for different reasons than someone buying new and trading in after a year to trade up and get a newer model. Even still some buyers will never buy new and only consider used letting their Cognitive Bias tell them that it’s the best way to buy an SUV and get more value.

This article offers an interesting perspective as it relates specifically to car buying: How your brain tricks you when buying a car

 

[Familyman20]

We also live in a culture where people buy more than they can actually afford and a lot of it!! Wonder how many of these used ones are repossessed.
When the vehicle market adjusts you'll be seeing a lot more of these I suspect.

 

[E91fan]

We also live in a culture where people buy more than they can actually afford and a lot of it!! Wonder how many of these used ones are repossessed.
When the vehicle market adjusts you'll be seeing a lot more of these I suspect.

When will the market adjust? Sounds like the chip issue could be a couple years. I’m looking at this situation as a way to save more while I wait for my vehicle and perhaps have a very little or no car payment.

______________________________

 

[DarkMossJustin]

I think the most obvious answer to me is that we don’t have a clear answer for each type of buyer’s decision making. All buyers (if they are honest with themselves) at some level suffer from Cognitive Bias. This article describes the different types of Cognitive Bias: https://www.masterclass.com/articles/how-to-identify-cognitive-bias#12-examples-of-cognitive-bias

A person paying over MSRP is motivated for different reasons than someone buying new and trading in after a year to trade up and get a newer model. Even still some buyers will never buy new and only consider used letting their Cognitive Bias tell them that it’s the best way to buy an SUV and get more value.

This article offers an interesting perspective as it relates specifically to car buying: How your brain tricks you when buying a car

@2020Telly:

A great book written by Daniel Kahneman, co-developer of Prospect Theory and winner of the Nobel Prize in Economics that's like a crash course in the psychology of judgement and decision-making (JDM):

Thinking, Fast and Slow

In the highly anticipated Thinking, Fast and Slow, Kahn…

www.goodreads.com

 

[Familyman20]

When will the market adjust? Sounds like the chip issue could be a couple years. I’m looking at this situation as a way to save more while I wait for my vehicle and perhaps have a very little or no car payment.

I'm definitely no expert, there's no telling. We saved more too during the research/waiting period after we ordered last year. Helped out with getting the trim we wanted and more reasonable payment. GL