Quote:
Originally Posted by equ
It might not even drop $3k, it's going to drop less than new cars... But you're driving it instead of driving the newer car during the same period. If you don't have another car lying around, not worth it at all, hold on... Especially if miles aren't piling up, the value won't drop too much. Who is going to a dealer to go and touch and smell stuff for the next several months? No one.
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Today may be the day the bottom drops. Carvana offers:
3/18/20 $17002
3/19/20 $16718
3/20/20 $16408
3/21/20 $16384
3/22/20 $16431
3/23/20am $16431
3/23/20pm $12969
The base offer is the same am/pm today, but the "local market adjustment" changed wildly. I ran a few other cars to get a feel for what's going on and it seems that all pony cars (higher dollar V8s to the cheap turbos) have a negative $2500-$3200 local market adjustment in DC metro zip codes.
I still have the token key URL for the last $16431 offer, so I may be able to pull the trigger on that. The only time the car started since Sunday 3/15 was on Saturday after I realized one of the keyfobs had gone through a washer/dryer cycle and I wanted to be sure it still worked.
Will probably talk to my wife tonight. We have her car and the Accord, which my daughter isn't really driving right now. We probably don't need three cars to get through to the other side of this thing.