Quote:
Originally Posted by P1
Many if not all of us are enjoying this type of boon in equity. However, unless you are moving OUT of your area or cashing out of a second or third home, it makes little sense to sell.
Same can be applied for cars.
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Agree. Slack (inventory) has been stripped out of the car and housing market. And supply of both housing and cars is constrained. Demand is demand, it never stops growing. This means sellers have the upper hand. Once you sell, you become a buyer, subject to the upper hand of the seller. Using the scenario of a daily driver, and not purging excess vehicle inventory from your barn.
Stories of trading in a preowned M-car or AMG because of high valuation doesn't make sense if you are seeking to replace like-for-like. You are being offered the low end of the bid-ask spread. You will buy at the high end of the bid-ask spread. It's how markets work.
Try buying the identical pre-owned M- or AMG after you have just sold your old one. Or try buying a new model M- or AMG of equivalent model, just today's model year. You will feel the pain of the bid-ask spread.