AB's new ride
- Thread starter TDX27
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News flash, find me a Rolls with 150k mi, the the owner has had it for 12-15 years... again, not a typical chevy, ford, etc. Buddy of mine has a GTR, EVO MR, BMW 750, just put a down payment on a Rolls Ghost...He has money, and he keeps the cars for a year max, then gets something new. RARELY does he lose money when he gets a new car.
This ^^ if they have a Rolls, they have a few other cars as well.
if you say so lol
A Rolls is rare, one of the few cars that you must order and have hand built just for you. One that was driven by Antonio Brown, with the graphics it has, most certainly will not depreciate rapidly...
provided he was under 16 or at least mentally under 16yeah but a diehard Steeler fanatic might think it's ok to look at.
Interesting thoughts for all the it will not depreciate crowd.
http://www.popularmechanics.com/car...epreciate-like-a-stock-market-crash/?slide=10
My kid brother sold used cars and still does. A few years ago he had a rolls it went for something in the neighborhood of ten grand, he made money on the car. New it was a small fortune.
http://www.popularmechanics.com/car...epreciate-like-a-stock-market-crash/?slide=10
My kid brother sold used cars and still does. A few years ago he had a rolls it went for something in the neighborhood of ten grand, he made money on the car. New it was a small fortune.
I must be in the mentally under 16 crowd then as I enjoy looking at Steeler-ish converted vehicles.
As I own a Dodge Ram that is converted Steeler colors paint job.
It is ok for others to like something even if you don't care for it.
Your dodge ram likely looks good! The comment was directed at those that think doing that to a 500 thousand dollar car is sensible. Hell buying them unless you have so much money you could not spend it all is crazy.I must be in the mentally under 16 crowd then as I enjoy looking at Steeler-ish converted vehicles.
As I own a Dodge Ram that is converted Steeler colors paint job.
It is ok for others to like something even if you don't care for it.
But they say it is good to be young at heart.
would look better with a wash and wax
but yeah I hear you, I think I could find something better to spend with half a mil
Like a house in the country, a motorcycle....
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Car leases are just paying for only the depreciation.
It's just a wrap job, it comes off with a hair dryer.
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So the dealership loses money? How does that work, exactly?
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It's quite easy actually, he pays cash, so he gets great deals from the dealership. Then when he decides he wants a new car, he sells the car himself, doesn't trade them in.
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That doesn't make sense.
First of all, dealers want you to finance. I just paid cash myself for a car and when I informed the dealer I would be doing so, they tried to make the financing more attractive. A dealer isn't going give you a deal because you're paying cash.
Secondly, What you are saying is that the dealership is selling him a new car for less than what he will be able to sell it for as a used car a year later, and that the car will appreciate in value but at a rate significantly less than inflation somehow still making it an attractive option for a buyer.
For example:
He buys a new car for $500k.
He sells the car a year later for $501k.
The person he sells the car to chooses to buy a year old used car to save, what? $10-15k over the same model brand new car?
Yes they will. It's not so much a cash discount (because the dealer gets a cut of the financing) but when you're paying straight up and not trading a car in, they are giving you back some of the markup that they would otherwise plow into the trade-in value of your old car. I used to sell cars, I know this. If someone wasn't trading a car in, then BAM right there on the sales order, "No-Trade Discount".
That can happen, but not to me and you with our Fords and Chevys. Cars like Rolls Royces are built in limited numbers. In wealthy markets there can be a waiting list. True story. Back in the 80's my dad had a friend, since passed away, who lived in Phoenix. AZ but he did some business in Pittsburgh. To order a new Rolls in Phoenix was a 3 year wait because a lot more people there want and can afford them. If you ordered a new Rolls in Pittsburgh (Ascot Imports in Sewickley to be specific, since closed) it took a year and a half. So my dad's bud would order a Rolls here, pick it up, and order another new one at the same time. He'd drive his brand new Rolls across country to Phoenix (ya gotta love some people), cruise it for a year and a half, and sell it in Phoenix for about what he paid for it. Now he could do that because someone would pay a premium for his because it was a practically new car that they could have RIGHT NOW and not have to wait 3 years. So he was scalping Rolls Royces the way some people scalp Steeler tickets. He owned about 4 or 5 Rolls that way and really only paid for the first one. Rich folks didn't get that way by being stupid, my dad would say. You have to take what you think about the conventional auto market and throw it out the window.
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I witnessed a similar situation a couple years ago with the Tesla Model S. There was a wait-list to get a new one built so 1 or 2 year old used ones with 15k+ miles on them were going for higher than you could buy new simply because you didn't have to wait 6-9 months for a new one to be built. Granted this kind of thing doesn't happen with your every day commuter, only in the high-end car market.
Anyway, I could tell this was a loaner from AB's post. Why would he include #thankyou in the picture if it was something he bought himself? He was also clearly promoting the car with all the pics and articles about the car. Good move by Rolls Royce...they seem to have a lot of people's attention.
For the people who follow Deebo on Facebook, the same can be said about the supplements he has been promoting recently. It's not like he used that stuff his entire career and it's going to make you as big as James...the guy is promoting products for the company. Hate to break it to some people but FB, Twitter, and Instagram are all just mass advertisement websites with P2P connections to give it a personal feeling. Some athletes use it smartly (Deebo, AB, Troy P, Hines) and some are just idiots with an opinion (Mendy, Pouncey).
The article I posted the link to earlier was titled cars that depreciate like a stock market crash, and was based on recent sales prices of cars. Only in extremely rare instances would a car go up in value. Either way you look at it, if you have it and don't use it why have it, or if you have it and use it it goes down in different degrees. The only way to get your money out of a car is to drive it out. You do that by having it long enough that the cost of the car amortized is fairly cheap, generally you do that by having it so long the cost of ownership per year is less than leasing. It typically means having a 10 or 12 year old car with more than 200,000 miles instead of trading more frequently and never having a paid off car.
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What also must be considered is that there is a "star power" which is an add-value to some. Guys like AB could drive this Rolls for a year or two and sell it for more than it's KBB because it belonged to a "star" football player. If I had AB's money, there's no way I would be wasting it on a Rolls BUT he may actually make money selling it to a "fan" w too much money.
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He doesn't own the car so he won't be selling it himself. It was a loaner given to him to drive for promotional purposes.
As long as he doesn't lend it to Le'Veon when LeGarrette's in town....
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Troglodyte;142139[B said:
I think I found a new sig line.
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What position does Antonio play????
Salute the nation
Salute the nation