Ram MSRP being slashed soon?

[Ramboy13]

Why would I be losing my ***? I bought my 2020 Laramie during the early days of covid when dealers were struggling to give trucks away. A similar, but not quite as well equipped, version has a sticker price today of $24k more than I paid out the door. My vehicle is an asset. A depreciating asset, as stated.

Liked your full original post!.

 

[MannyN]

Buying new or used, a vehicle is never an asset. You pay $75000 for a new truck and leave the lot, you lost already 15% of the value. You think you ever getting this back?

 

[millerbjm]

This whole conversation about whether a vehicle is an asset is kind of ridiculous and really is a matter of opinion, definition and specific case. By the general accepted definition of an asset as something that increases in value over time most new vehicles don't meet that definition. That being said of you are able to negotiate good deals on new vehicles you can often reduce the loss and sometimes even make money because the depreciation is from MSRP so if you by at 20% below MSRP you may actually be ahead. As an example I don't drive very many miles and between subarus and Rams I have had 7 different leases where I negotiated a good sale price and was able to flip my leases every 2 years and pull equity between value and payoff to use as down payment on the next lease. This allowed Mr to keep upgrading trim/features while lowering monthly payments and never add any money. I actually did the math on one of the leases and after factoring in all the payments including taxes and fees the equity in the vehicle was equal to that amount - basically I drove for free for 2 years. I know this won't always work and there are a bu ch of factors but for me I've had 7 vehicles over 10 years that all generated equity with no money down other than the 1st new car transaction when I bought a 2014 Ram 1500.

 

[slatersan]

Buying new or used, a vehicle is never an asset. You pay $75000 for a new truck and leave the lot, you lost already 15% of the value. You think you ever getting this back?

Wrong. Interesting, but wrong.

Most vehicles are a depreciating asset, like cash.

 

[slatersan]

This whole conversation about whether a vehicle is an asset is kind of ridiculous and really is a matter of opinion, definition and specific case. By the general accepted definition of an asset as something that increases in value over time most new vehicles don't meet that definition. That being said of you are able to negotiate good deals on new vehicles you can often reduce the loss and sometimes even make money because the depreciation is from MSRP so if you by at 20% below MSRP you may actually be ahead. As an example I don't drive very many miles and between subarus and Rams I have had 7 different leases where I negotiated a good sale price and was able to flip my leases every 2 years and pull equity between value and payoff to use as down payment on the next lease. This allowed Mr to keep upgrading trim/features while lowering monthly payments and never add any money. I actually did the math on one of the leases and after factoring in all the payments including taxes and fees the equity in the vehicle was equal to that amount - basically I drove for free for 2 years. I know this won't always work and there are a bu ch of factors but for me I've had 7 vehicles over 10 years that all generated equity with no money down other than the 1st new car transaction when I bought a 2014 Ram 1500.

Asset
Definitions from Oxford Languages ·
noun
-a useful or valuable thing, person, or quality.
"quick reflexes were his chief asset"

-property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
"growth in net assets"

-military equipment, such as planes, ships, communications and radar installations, employed or targeted in military operations.

 

[Jako]

Another take on a depreciating asset.

https://nymag.com/intelligencer/2007/10/in_economic_terms_you_are_a_de.html

 

[dajogejr]

We are debating the definition of the word asset…

 

[Gren71]

We are debating the definition of the word asset…

Honestly im impressed we made it to page 3 before the conversation devolved. Seems to be a trend on those forum

 

[Reverse]

So, not seeing the MSRP custs yet. BTW, the up to 60% off was for leftover 2023 I believe.

Anyway, around me leftover 2023 V8 trucks are being discounted from 61K to 47K, not bad until you remember they increased prices by at least that amount in the last 5 years.

 

[Ramboy13]

So, not seeing the MSRP custs yet. BTW, the up to 60% off was for leftover 2023 I believe.

Anyway, around me leftover 2023 V8 trucks are being discounted from 61K to 47K, not bad until you remember they increased prices by at least that amount in the last 5 years.

Don’t ya wonder what their true cost and markup is on these?
I probably don’t want to know.

 

[Gren71]

So, not seeing the MSRP custs yet. BTW, the up to 60% off was for leftover 2023 I believe.

Anyway, around me leftover 2023 V8 trucks are being discounted from 61K to 47K, not bad until you remember they increased prices by at least that amount in the last 5 years.

$47 for a new ‘23 w/v8 isnt bad really. They got any of them 2500s discounted??

 

[AnthonyRI]

Just for context Stellantis raised the base MSRP on Compass last week by $1K, and then also quietly raised the price of their tech group on wrangler by $700 on some trims too.

 

[n8zcc]

Just for context Stellantis raised the base MSRP on Compass last week by $1K, and then also quietly raised the price of their tech group on wrangler by $700 on some trims too.

That reminds me of what retailers do when they put on a big sales event. They advertise huge discounts, and in reality, the price you pay is about the same or a bit higher than everyday pricing. Tell them what they want to hear, and they will believe, I guess.