[bryko]

I was all in for SR Pro and the price was low enough to have it as a second vehicle to enjoy around town. Then reality hit and I was finally invited to “order” last week and of course no Pro available. I called my dealer and they were under the impression that the Private Offer would apply, but I was not so sure. So anyway I wound up ordering a gorgeous ER Lariat that topped out at $88.2k. Now I am 100% sure that the Lariat ER Private Offer of $8,500 is not going to apply. So not only am I paying a much higher price- Whammy 1-, the $7,500 Tax credit will no longer apply- Whammy 2. since the vehicle will be more than $80k.
So now I don’t know what to do as I will be into this vehicle $16,000 deeper than a comparable 2022 Lariat ER owner. I am not even sure this will flip since so many people are selling 2022s and with tax and title I am going to be at $93k out the door. So I can cancel, or I can bite the bullet and pay up and keep or hope the resale market will adjust to these new realities.
I would be interested in what you all think the possible resale situation is going to be for these much higher priced 2023 models? Thanks for your input!

 

[Leaf to Lightning : )]

Either you, or your dealer, will get this truck, and sell it. If you want to be the one to reap the rewards, you have to be the one to buy it. Your dealer will be even happier, if you don't. I'm not sure where 'so many people are selling 2022s..' is coming from, but no, there are certainly NOT many people 'selling' Lightnings, although you can imagine the number of people looking for one, and willing to pay the price. You'd be surprised. You may even find that you like it so much you would sell something else, and keep it.

 

[Trentb]

The difference between the MSRP and the price the “flippers” are trying to get for their early production Lightnings will eventually disappear. Production will increase the supply while the rising prices decrease the quantity of Lightnings demanded by buyers. In the short term, the price differential will continue, but not indefinitely.


Are you ready to switch to an EV? Here’s why you may find yourself priced out of the market
Are you ready to switch to an EV? Here’s why you may find yourself priced out of the market — MarketWatch

 

[HellBoy]

It’s a triple Whammy - 23s lose (right now) the bed scales, used by the GOM to estimate range & smart hitch

 

[Quinnjim]

It may correct some day. I’ve been waiting over 2 years for that to happen to the C-8 Corvette, but no dice.

 

[Txxthie]

It may correct some day. I’ve been waiting over 2 years for that to happen to the C-8 Corvette, but no dice.

The last 2 years has been one for the record books, almost unthinkable prior to 2020. The automotive bubble will pop in 2023 with rising interest rates and supply chains normalizing.

 

[Txxthie]

I was all in for SR Pro and the price was low enough to have it as a second vehicle to enjoy around town. Then reality hit and I was finally invited to “order” last week and of course no Pro available. I called my dealer and they were under the impression that the Private Offer would apply, but I was not so sure. So anyway I wound up ordering a gorgeous ER Lariat that topped out at $88.2k. Now I am 100% sure that the Lariat ER Private Offer of $8,500 is not going to apply. So not only am I paying a much higher price- Whammy 1-, the $7,500 Tax credit will no longer apply- Whammy 2. since the vehicle will be more than $80k.
So now I don’t know what to do as I will be into this vehicle $16,000 deeper than a comparable 2022 Lariat ER owner. I am not even sure this will flip since so many people are selling 2022s and with tax and title I am going to be at $93k out the door. So I can cancel, or I can bite the bullet and pay up and keep or hope the resale market will adjust to these new realities.
I would be interested in what you all think the possible resale situation is going to be for these much higher priced 2023 models? Thanks for your input!

I would not take the gamble you can flip a $93k truck for a profit. There is only so many buyers at those levels. Don't talk yourself into spending an insane amount more than you intended. Rising interest rates will continue to slow down the money chasing vehicles, houses, etc. IRA has shaken up the tax credits and the free EV money is in limbo. Be patient and buy from distressed lightning purchasers or dealerships that are forced to lower prices due to demand. Competition from Chevy and Tesla will take the spotlight off of the Lightning in 2023. Next week another rate hike is coming that will continue to reduce the buyer's pool.

 

[Berm]

I highly doubt the rate hikes are impacting the people paying $20k over msrp for these lightnings. And just to humor you and assume it did, a rate hike going up a whopping 2 percentage points still wouldn’t wipe out a decent portion of the $20k premium.

 

[Spiffster]

Im told by a banker friend that all the "stupid money" is coming from HELOCs lately. People are taking equity out and going YOLO with it. That will come to an end as interest rates continue to climb and the real driver to inflation (supply chain) issues subside. Competition is coming too. I can wait for a pro. If im forced to buy a higher end trim or lose my reservation, I will simply flip it back to the dealer if thats an option, or cancel.

Pro is the only option for me (to keep). I need something to move a lot of equipment around town and id like to take my dog with me. Something I can beat the hell out of and not care. 46k is pushing it, but 80k+ is a non-starter.

 

[Slider19]

I hear ya brother… I was lucky enough to snag an xlt last wave…. I’m settling for SR due to all the price hikes which is a bit of a setback from the lariat extended range I was planning since last year. I wouldn’t overextend yourself. If you come to terms that you’re willing to keep it if it doesn’t sell, then shoot the moon. If not, retreat early.

 

[jimfigler]

I was all in for SR Pro and the price was low enough to have it as a second vehicle to enjoy around town. Then reality hit and I was finally invited to “order” last week and of course no Pro available. I called my dealer and they were under the impression that the Private Offer would apply, but I was not so sure. So anyway I wound up ordering a gorgeous ER Lariat that topped out at $88.2k. Now I am 100% sure that the Lariat ER Private Offer of $8,500 is not going to apply. So not only am I paying a much higher price- Whammy 1-, the $7,500 Tax credit will no longer apply- Whammy 2. since the vehicle will be more than $80k.
So now I don’t know what to do as I will be into this vehicle $16,000 deeper than a comparable 2022 Lariat ER owner. I am not even sure this will flip since so many people are selling 2022s and with tax and title I am going to be at $93k out the door. So I can cancel, or I can bite the bullet and pay up and keep or hope the resale market will adjust to these new realities.
I would be interested in what you all think the possible resale situation is going to be for these much higher priced 2023 models? Thanks for your input!

Why did you think you were getting the private offer?

 

[bryko]

Why did you think you were getting the private offer?

My DEALER thought I would get the private offer. The Sales Manager at my dealership ordered a Lightning for himself the exact same day as I did and he thought the private offer would go to all 2022 reservation holders. He believed it like Morpheus believed in Neo. So I explained it to him and he still did not believe me. He was so sure that he began to convince me because I figured the Sales Manager might have some inside information. So that is what happened. He was wrong and I was right, but he did have me going for a bit there.