Audi A7 used Values...will they continue to remain inflated?
New to post but long time lurker. I have some equity in my Explorer Sport and looking to take advantage of that if possible. It is a good vehicle, but the ride is not as pleasant on long trips, has lots of creaks and rattles, doesn't excite me much, I don't use the storage that often, and would like to fulfill a dream of mine to own an A7.
Carvana has a few used examples in the 2013-2015 range with alot of miles (north of 50k miles) for close to $25-30k. That seems just too high for a vehicle that will be 10 years old soon. The trends seem to repeat on other platforms and dealers. I have been making good money for awhile (consulting is picking up and full-time job pays >$100k) so it's not like money is a huge issue but I'm also not trying to be frivolous.
How long do you think the market will stay this inflated?? Should I just hold out or buy in the high market and hope I can pay the vehicle off before the drop? I would be even more nervous to purchase/lease new now if markets are going to take a crap.
In Europe there is still a shortage of new cars. Although they have got up on the microchip shortage during covid, most German manufacturers were buying their wiring looms from Ukraine and now have to try and source elsewhere.
I would guess the used car market will stay inflated for at least another 12months based on the shortage of new cars available to buy.







