Are Car Values Dropping?

2 years ago
5

So basically I'm just going to say this the reason why I got in my Corvette was because I feel like prices are about to go plummeting down. Right. All of your higher end cars, your supercars, your... what did the guy from the Hamilton collection? Call it. He called it the clout car. So all your cloud cars are McLaren, your entry level Ferrari 3 $250 to $400000 cars and below.

I mean your Audi R8 and all that stuff, they're about to drop. So if you've got one of those cars and you're like, you know, thinking about getting rid of it, now would be the time to do it. Don't wait, you know, just go and do it now. And like, I just got rid of my z06. Granted, it's not, you know, it's not a McLaren, anything like that.

But I saw that the price was dropped. I mean, even $3,000 at that little bit matter, that was like 10%, 20 no whatever, 5% in $70,000. in cars, whatever the math is. But like, you know, that little bit happened in a month. So worst case scenario, I sold my car. Granted, it's a z06 not the hardest to replace, but I can wait six months, nine months or whatever.

And I should be able to buy that car for probably $10,000, $15,000 less. So, like I said, if you've got a supercar, an exotic car or something, you thought about getting rid of it and now would be the time unload. Because in a few months, as the markets start to kind of change, you will see a lot more of these vehicles hitting the market.

It's the same thing with watches. If you have high end luxury watches, the prices are already starting to go down. So that's why I've been saving my money. And I'm hoping the next six months, nine months, a year, I'm going to be able to pick up a lot of stuff for pennies on the dollar.

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