jwwiii
Viper Owner
I just sold my 01' RT-10. I loved it and will miss it. Why did I sell now, especially with the beautiful fall weather around the corner!
Trade in time could get very ugly!
If approximately 1,500 SRT's were snapped up by current qualified Viper owners, you know at least 50% are going to trade in on the SRT. That puts about 750 Vipers on the used market in short order. If your dealer sold say.. 5 SRT's, and three trade in and it's winter, that dealer is going to have a lot of dough sitting on the showroom floor at a time when he wants cars that sell (AWD's, pick-ups, Caravans, etc). That could drop trade values 5 grand or more! Goodbye great certificate bargaining power ($500 over invoice, or whatever your deal was).
This is just MY speculation, not fact of course. When you figure in a bad stock market, and that only a very small pecentage of the US population can afford a new Viper (top 1-3% or so?) how many are going to have the space and the cash to have both? Very few fortunate folks.
It is going to be a long, Viperless fall for me. I think that selling now was the thing to do while the driving weather offers another couple of beautiful months to the buyer. A glut of used Vipers at wintertime could really put a big hurt on Viper values.
This is just MY gut feeling, but it is definitely worth thinking about with snow and the Holidays around the corner.
We'll see what happens. Meanwhile, I am going to try to make some interest and have plenty of time to spruce up the ol' garage in anticipation of my SRT.
What do you think about the values at trade-in time?
Cheers,
Jim
Trade in time could get very ugly!
If approximately 1,500 SRT's were snapped up by current qualified Viper owners, you know at least 50% are going to trade in on the SRT. That puts about 750 Vipers on the used market in short order. If your dealer sold say.. 5 SRT's, and three trade in and it's winter, that dealer is going to have a lot of dough sitting on the showroom floor at a time when he wants cars that sell (AWD's, pick-ups, Caravans, etc). That could drop trade values 5 grand or more! Goodbye great certificate bargaining power ($500 over invoice, or whatever your deal was).
This is just MY speculation, not fact of course. When you figure in a bad stock market, and that only a very small pecentage of the US population can afford a new Viper (top 1-3% or so?) how many are going to have the space and the cash to have both? Very few fortunate folks.
It is going to be a long, Viperless fall for me. I think that selling now was the thing to do while the driving weather offers another couple of beautiful months to the buyer. A glut of used Vipers at wintertime could really put a big hurt on Viper values.
This is just MY gut feeling, but it is definitely worth thinking about with snow and the Holidays around the corner.
We'll see what happens. Meanwhile, I am going to try to make some interest and have plenty of time to spruce up the ol' garage in anticipation of my SRT.
What do you think about the values at trade-in time?
Cheers,
Jim