|
Used car market. Where’s the top?
As we all know, used vehicle prices have gone through the roof lately, and now I’m wondering if it’s time to cash out and hold until the market recovers.
So do you guys think we’ve hit the top yet? And when do we think it’s going to stabilize back to pre-2020 prices?
Last October I found a steal of a deal on a 5.9 Dodge diesel truck. Super clean 4wd truck with right around 100k miles. We were planning to buy an RV so the diesel would be needed. Now plans have changed and I really don’t need a truck this massive. I’m looking at the market and think I could roughly double my money if I sold it. I can go without a DD vehicle for a few months if it looks like the prices will recover in the fall.
What would the forum do? Cash out now and buy a smaller truck later?
Hold a few months and cash out?
Or skip all the hassle and just drive the damn truck? 🤣
|