Demon 170, will any be 100k, probably not

[cole3986]

I thought that thing was weird.

It took some head scratching to figure out what it is, but it is magnetic, I guess it is for car shows

 

[cole3986]

Just watched your video on changing the oil and addressing the windshield washer line, nice job @Speedy!

 

[2pac]

Time will reveal all, right now the spread between the 2018 Demon and Demon170 is around 30/40K (both car values are fluctuating) and dropping. I wouldn't be surprised if the spread is within 15K within 12 months

Depends on spec imo.

All the people are horny for non sunroof cars and inflating their values.

I think a delivery miles d170 with no roof will probably get back to that high 100s possibly low 200s range come the next 12-24 months. Obviously depending on rates, economy, etc etc

But in general I see value going back up after the inventory dries up.

 

[ACMAVRO]

Here’s one at dealer near me. “Customers” car, dealer is just helping out. “Customer” asking $225

 

[vortecd]

Found one for under 100k
No details on what happened or where it is

 

[vortecd]

another one down. Someone ran a red light and t-boned the 170

 

[Bowtie Guy]

another one down. Someone ran a red light and t-boned the 170

View attachment 142571

WOW

Not much left
Hopefully no injuries / fatalities

 

[BULL]

another one down. Someone ran a red light and t-boned the 170

View attachment 142571

Under-insured I bet

 

[Speedy!]

If insured at all.

 

[vortecd]

Wow

 

[vortecd]

Not a 170 but another wow

 

[Speedy!]

Wonder what the fees are there ? I keep an eye on BAT just to kinda have a sense of what's going on and for the most part the selling prices have dropped by a LOT since the hay days. Sunroof seems to hurt sales on the 170s.

2018 Demons are going for an average "around" $115-120K depending on miles etc. Considering MSRP +TTL I stand by my statement that cars are terrible investments.

Put $100K in the stock market back in 2018 and you'd have doubled your money today without the upkeep, insurance, storage, etc.

 

[EricG]

Fees are 10% on a car with a reserve, down to 6% if you sell it without a reserve. However in the heat of bidding you usually see Frank Mecum negotiating lower fees with the seller to get them to pull the reserve off. Sometimes on huge $$$ sales you see them remove the seller's fee entirely knowing they are getting 10% extra from the buyer.

 

[Bowtie Guy]

Prices have definitely dropped at some dealers in Canada
Others not so much
The top listing shown below

$229,995
20 percent luxury tax for anything car over 100K
= 26K ( suck it you POS Trudeau )

229,995 plus 26K 255,995
Then in typical Canadian fashion
Tax the tax
So
255,995 X 1.13 sales tax

$289,274

60K in taxes for a car

 

[vortecd]

Wonder what the fees are there ? I keep an eye on BAT just to kinda have a sense of what's going on and for the most part the selling prices have dropped by a LOT since the hay days. Sunroof seems to hurt sales on the 170s.

2018 Demons are going for an average "around" $115-120K depending on miles etc. Considering MSRP +TTL I stand by my statement that cars are terrible investments.

Put $100K in the stock market back in 2018 and you'd have doubled your money today without the upkeep, insurance, storage, etc.

If you are buying it for an investment sure. I would be driving it so it wouldn't matter. There was a 20k mile 18 demon that bid to 90k with bid goes on so these buyers want new. If I had the money I would like to keep one new just to have. I would have another to drive

 

[Speedy!]

I'll say it again, cars are not investments. At least not these cars, that's now proven with hard data.

 

[cole3986]

I'll say it again, cars are not investments. At least not these cars, that's now proven with hard data.

Speedy, I agree, however, if these cars are purchased at MSRP or below (I am referring to the OG Demon and 170) they appear to more or less hold their value.

 

[Speedy!]

Not really when you do the math. Cumulative inflation alone is 25% since 2018 so that $100k would be about $125k today.

Now add insurance, maintenence, and storage and you've lost quite a bit of money. You'd need to sell a 2018 Demon for $130k plus just to break even and personally I'm pissed if my investments are flat over 6 years.

 

[cole3986]

Not really when you do the math. Cumulative inflation alone is 25% since 2018 so that $100k would be about $125k today.

Now add insurance, maintenence, and storage and you've lost quite a bit of money. You'd need to sell a 2018 Demon for $130k plus just to break even and personally I'm pissed if my investments are flat over 6 years.

What? I agree with you that they are not investments. Just pointing out that they are not selling substantially below MSRP. Yes, they cost money to maintain, insure, etc, but that comes with the hobby/sport. Try building a pro mod. Just enjoy them, the 170 is a crazy fun car, so is anything with a supercharged V8. Life is too short not to have some fun along the way, imo.

 

[Speedy!]

Maybe I'm missing something. A Demon bought in 2018 at MSRP is worth the same money today? In a few cases barely but lost money after incurred expenses and those are ones that were never driven and enjoyed.