I have 50yr old cars that are worth far more than what I paid. Honestly, I don't care if they are worth nothing tomorrow, I can't put a price on the joy of owning them.
@@richardweyland116that’s the thing though, most cars don’t reach that point of being worth more than when you bought them. It’s a very rare thing, but many people really believe that these cars will be. Unless it’s a numbered car, most cars of the past don’t reach that appreciating value.
@@richardweyland116 did you originally buy the car as an investment? What if you had taken the money used to buy that car and had put it in the S&P 500? Over the past 50 years, that’s a 9.4% annualized return. Meaning $5000 would be worth over $446,000 now. Probably a better investment.
@@jonSmith-xv6tx sure you can buy an old beat up car for cheap, but restoring them is another story. You think that old Ferrari would be easy or cheap to find parts for? And to command big money its typically going to require documented professional restoration.
@@jonSmith-xv6tx that’s wishful thinking. No one could say back then that those cars would be worth that much, nor can you say that a TRX will be too. You can hope that’s the case, but you nor anyone else can tell the future.
Awful color the regular grey looks way better. Just because they put "special" on it don't mean shit the other grey is on the normal list for a reason if the roles had been swapped lunar grey would have sold less.
I bought my 2023 Challenger Hellcat 6 speed manual 2 months ago for a little under MSRP. I have no doubt it isn't going to go up in value. But it is so much fun to drive. And that is why I bought it. Drive it, and enjoy it!
Darn, I'm too poor for a 'Cat but could buy an older 5.7. I think you did ok, and remember these cars are getting stolen, flooded, crashed, if yours stays "healthy" it'll always be worth some dough. Hope you love it!
Hey quit "whining" (satire) about that glorious TRX beast of a truck 🤤 that whines anytyme you apply foot to earth in other words pedal through the floor😂🤣🤣
Let’s be real the hellcat,scatpack, trx, srt’s were never made for your 9-5 kinda people they were made for people who had money and had disposable income. I see so many 18yr olds down here in tx driving scatpacks and 5.0 mustangs not realizing without there parents name on it they would 99% of the time never be able to afford one. That’s the truth
The 23 and 24 TRXs had a massive price increase. A fully loaded 22 was 97,000. The 24 model is 125,000 msrp. Most of the used 22s you showed actually retained a pretty good value even though it was still at a loss. You would lost more money buying a Ram Limited vs a TRX.
I absolutely would have bought one of these, but they insist on markups in California. C8 corvette, i was ready to buy, but im not paying markups. I finally just ditched those 2 and bought a car ive wanted for 20 years. Picked up a pristine Shelby Cobra replica for under 60k
I bought a TRX in 2021 and had it for about 2 years. I paid around 76000 new drove 11000 miles Sold it for what I paid.Was the funnest vehicle I've ever owned........ And yes terrible on gas twice as bad as my red-eye when you're on it in drinks tanks so fast.But yet I still want another.Not sure a rebel gt going to cut it now.
I have the urge to buy a challenger hellcat. I slapped myself and came to reality. 2 weeks later, after the thrill and smiles, I'll want to sell it.. I better put the money into the house!!
I ordered my 2023 TRX from Granger in Iowa, though I live in California. It originally was $105k, I was given a generous discount of $12,500. I would not even think of this truck as an investment, like stocks or bonds or real estate. This my favorite truck and it will be with me until I die. I enjoy trips both on and off road, to the ocean, desert, sand dunes. But, I also have a 4 cylinder Honda as a daily.
You're exactly correct. You get that thrill of buying it needing it wanting it, then all of a sudden, you start putting fuel into that tank and you're only getting 10 12 13 Miles per gallon around town. You can't stay on the freeway all day. That starts to burn a hole in your bank account. Then you start getting concerned and pretty soon. You're going to sell it? It's happened to me and my friends.. That's pretty much the same thing.With the hellcat super charged ten twelve miles to the gallon.. thanks for your wisdom.!!!
Other issues is most of the people buying these buy it for tax wrote off. The theft factor made me get rid of mine. I could deal with the gas and all of that, but the theft factor is annoying.
@98ws6m6cvert That's exactly correct. Nice LOOKING and love the exhaust noise. But looking for it to get is a given. Seems like what ever security system you have it's only a matter of time when the thieves will figure it out. That's what they do for a living!!
OC I did just that, bought the cheapest house in a nice area, all houses around me are 150k above mine. But yeah, anyone who thinks any dodge muscle car that dodge has made a 1/4 million of in the last few years will gain value is living in a dream world. The last few years are over, both owners and sellers need to start realizing this.
You're absolutely right some folks figure it would go up NO. I've seen alot destroyed by sheer stupidity totally abused with lots of repairs on expensive parts and checking how many accidents occurred during that time.
This is why I got a 2021 Ram 1500 TRX Level 2 (Loaded) for $93k. It now has 87k miles and runs as perfectly as it did brand new. The truck is basically the same as a 2024 minus a few minor details, but in terms of appearance and performance, they are identical. Mine is my daily driver and is in excellent condition. I've also heard that the build quality of the 2021 model is better than the 2022, 2023, and 2024 models, so I intend to keep mine for a very long time and drive it a lot. I absolutely love this truck; it's the best daily driver in my opinion. It's amazing how many RU-vidrs have them as their daily drivers and say they will always own one. For the price you can get them for, considering how many Ram produced, it's an incredible deal compared to regular pickups that can cost up to $85k and are just ordinary trucks. I never thought these would appreciate in value, so I bought it to keep and take care of and drive the "Hell" out of it .
The whole they don't make them anymore always makes me chuckle. I'm old enough to remember when all manufactures were phasing out convertibles. People hurried to buy them because they would go way up in price. Then 10 years later verts started to show back up and things went back to normal.
I fully understand what you are saying and it's sad, in current time, that the TRX is so expensive for it is an amazing truck. Not for everyone, if you tow, as work truck, etc. however most buyers should know this before considering purchasing a TRX. Gas mileage, buyers should know this again before proceeding with a purchase. I knew this was the truck I wanted, knowing everything just mentioned and yes it's my daily. My '22 Sandblast I purchased before it even came off the assembly line. Did I have to play the dealership game? Yes. Did I walk away from the sale 3 times? Yes. In the end I was able to make a deal, took advantage of the used truck market at the time, which basically paid for my TRX for the most part. Financed the difference and my monthly payment is $297.00. I plain on keeping this truck, especially now, until the wheels fall off. The Hellcat engine is something everyone should have a chance to experience before there are no more, it's unbelievable.
You will be replacing the clutch, throw out bearing and pressure plate in that used challenger. At additional cost of $2k. Assuming the Hemi hasn't been killed.
Yeah its annoying when people say cars will increase in value. They don't realize we will be dead before these vehicles become classics and increase in value. Vehicles are a way to get from point A to point B. Any additional money spent on making that experience more enjoyable is an expense, not an investment.
Good points. I wanted a TRX too, but I realized that the time to buy one was 2020/21 ish when you could get a loaded one for less than $90k. They went up in price because of the penalties FCA had to pay the US Government for the fuel mileage. Instead, I bought a 2500 HD with the 6.7 Cummins and it's all I need and more. Sure, it would hold its' value either, but there's a lot more use for a HD 3/4 ton diesel truck at 100k miles than say any comparable mileage 1500 TRX would have.
On the TRX forum if you shop can get a 125K MSRP TRX for 5-7K below MSRP. (Final edition) I ordered My 2023 at 4% below invoice so 104K MSRP for 88K now plus tax and title out the door was still 96K but all I am trying to say is shop around. (had dealer add Ram motorized running boards for 2k) I had a great trip with my son to Kentucky and drove back to Wyoming.
Everything you’re saying simply makes sense. Truth hurt me on my 2016 Manual 13k mile spec’d out Hellcat but I didn’t buy it to invest. I bought it because it was time for me to have one. Very very true on the TRX.
Brad if I were to have the kind of money to pay cash for a performance car it would be the last model year of the Viper ACR/E a low production vehicle. Or 1 of the 250 2025 Mustang GT500 Platform cars as a second choice.
The ram TRX is cool because it has a hellcat engine but other than that it’s excessively large and it’s a very exhausting vehicle to drive. And that’s not to mention expensive. When the ram TRX first came out, you could find them between 89,000 and 110,000. Now the prices have skyrocketed and mark ups are ridiculously excessive. My local dealer has had a final call TRX sitting on there a lot for a very long time.
Spot on for cost of ownership. Tried to convince my son to buy a beater to go back and forth to work, that a big v8 truck is gonna have you paying almost as much in gas as the car note. He was determined to have a truck and bought himself a 1500 Ram 5.7 and found himself having to fill up every week if not sooner, driving about 70-80 miles round trip every day. Mileage might have been a bit better but he drove it with a heavy right foot. He finally swallowed his gotta have a truck machismo and started driving their family four door, four cylinder that was much more fuel efficient. If you can afford a car note and more trips to gas stations, then drive it like you stole and enjoy your car or truck.
Some dealers are discounting the TRX. My co-worker just bought a new 2023 and couldn't care less about the resale value of the truck. He loves the truck and plans on keeping it forever.
As for MPG I get City around 12.5 and 15 to 15.5 on the Hwy...It's not as bad as some make it out to be,and its not that big of a difference form my previous truck being a 2019 Raptor with the Ecoboost...I had no problem trading a few MPGs to have the TRX over the Raptor...I like both but prefer the TRX imo..
I’m only 20 years old and I totally agree, people buy these cars who really don’t have the money and expect the price to sky rocket in the future. Invest in something where you’ll make your money back and THEN look into buying the toys.
Agreed......gotta be rich to make a TRX your daily. Gas mileage sucks and being a Stellantis product you will be back at the Dodge dealer a lot for warranty repairs and recalls. It gets old....which is why I am a former Chrysler owner lol
I bought a new Hellcat in 2015 that I still have. I got it to have fun, it’s 9 yrs old in June and I’m still having fun with it, that never gets old ! Don’t care what it’s worth !
If you want to invest in something, invest in an index fund ETF. If you want to buy a car that will hold its value, get a Toyota Land Cruiser or a Lexus or something. If you want to buy a fun toy to enjoy your life, get a TRX or a Hellcat for a good price and go drive it!
Good points. However, you failed to point out that there are over 20,000 chargers and challengers are currently on Car Gurus. And their production numbers are 50x what the TRX numbers are. Also, the TRX is a 4 year truck. The NEW 6 cyl RHO won’t sell…
Unfortunately, chargers and challengers will not go up in value at least not for the next 50 to 60 years just like they did in the beginning, depending on how many are available at that point in time.
I recently purchased a 2022 Challenger Scat pack 392 Shaker , in mint condition with 14K miles, complete service records , adult owned , still original tires so I know it wasn’t beat on , 6 speed manual, still has 21 months of factory warranty . I bought it for me as a Birthday present I’ve always wanted one . Paid cash only $2800 dollars after my trade in. I know it’s not an investment, it’s for fun! I recently purchased 4 acres of the most pristine beautiful Mountain View land in the White Mountains of NH that I plan to build a 2nd log cabin vacation home on . Now that’s an investment! Land and real estate are tangible assets that I can see and touch . Bitcoin can vanish in the blink of an instant. I stick with the real estate.
I remember sitting in a brand new 1970 Ferrari and begged my Dad to buy it, but all he wanted to do is look at the piece-of-junk Fiat out in the back. I told him he could buy the Ferrari and he agreed. He said he could buy it, but he couldn't afford it. I notice a lot of your episodes tend to deal with finances, so I wanted to ask a few questions of advice. As you mention, any new car depreciates the second the new buyer drives off the lot and is instantly upside-down on the loan. This puts the buyer in a position that if they lose their job, they could have the car repossessed and lose everything. Next, they're paying the bulk of the interest payments up front when the principal is at its highest and the payment can't really go to work reducing the principal for a few years into the loan. One advantage of buying new is, in theory, one can order the car exactly the way I want it, so I'm not inclined to trade it in So my philosophy evolved over time when buying new is to save enough to put at least 50% down on the car and finance the rest for 4 years or less. The payments even for the last 50% are pretty steep, but the principal balance goes down pretty quick. Once the car is paid off, the hard part is to avoid the temptation to sell it, and instead, take those monthly payments I would have been paying for the loan and put them into the bank or other investment instrument for at least another 4 years. That way the down payment for the next car can be at or above that 50% number for the new car. Others I've talked with modified this scheme to save enough to buy the car outright. They had the unique situation where they had to lock their credit reports because their personal information was hacked on that government computer 20 years ago and they had to freeze their credit so no one could steal their identities via an ID theft ring. Sucks for them, but at least there's no money lost in interest on a loan and they can own the car outright from day one and not worry it could ever get repossessed. Last, I actually wouldn't mind getting a Daytona EV once Dodge lets me place an order where I can configure it the way and color I want. How long do you think it will be before Dodge will get prices down to MSRP -$1000 and let me order one to my specs? Thanks!
Dealers decide the mark ups, so if you want to order just start calling around. When I ordered my Durango Hellcat most local dealers wanted $15-$25k over. Ended up finding a dealer 1.5 hours away willing to do msrp, placed my order over the phone w/ a $1000 deposit. 3 months later my Durango arrived
You couldn’t give me a dodge product. There’s a reason why they call it Moe pig. So here is my dodge ram 1500 certified preowned story. Purchased back in 2009 preowned ram 1500, with a 5.7 L hemi. An engine, which is known to dodge to have certain inherent problems, which they obviously Chose not to fix. I purchased a truck used to reputable dodge dealer in the Daytona Beach area. As far as the dealer goes it was a great experience certified preowned. I got a great price on it. I think it had an 80 30,000 miles on it. Banker owned it who lived up in Palm Coast and drove, 5 miles one way to work. I know this because he did not remove any of his information from the navigation log. The vehicle was serviced by a close personal friend of mine who is a master tech at Dodge for 39 years. So he definitely knew the engine inside and out. That time I stayed current with the oil changes and the general servicing. The main things that had to be replaced in that truck, the AC core, I went with full ceramic brakes, and he turned the rotors for the very first time. I truly did like the truck it road well. It pulled my lawn equipment well and did what it was supposed to do and that’s work. I was hoping to keep the truck as it was soon to be paid off. Unfortunately, my mechanic let me know that the ticking that I was hearing under the hood, was in fact, the camshaft wearing out. Yes, I was getting the dreaded ram 5.7 L hemi cam tick. He mention most owners replace them between 123 to 130,000 miles. He went on to say that he was retiring from doing side work and that this would have to be something done by a dealer possibly. At the time my wife wanted to get a different car I said great let’s trade your car in and my truck in, and we did so. So the cam problem went down the street to somebody else. The mechanic went on to tell me that that is an inherent well known problem in that particular engine. I in turn wanted to know why in the hell didn’t the manufacture fix it. As far as Stellantis goes I hope they hit rock hard. They are constantly laying off people at this time.
As someone who daily drives a raptor and only gets a little under 12mpg, these trucks will kill you in gas if you have to drive a lot. Fortunately I work very close to my house so I only feel up twice a month. But it makes a lot of sense why people don’t keep these trucks that long
I bought my challenger scat pack new in 2016 it has the retro hood that I love the window sticker was just under $50,000,00 I bought it at the end of 2016 it’s fully loaded except for the Harmon karden radio for $42,500.00 plus fees it’s jazz blue I didn’t buy it to re sale it I’ll keep it for ever just like my 1972 Charger Rally 440 six pack
The mark up ruined the enthusiasm for me, and the used market has been artificially inflated as well to where you cant even get one used at a decent price. So many cars i wanna try used before i commit to a nee one lol
Corvettes are about the only vehicle i have ever seen that truly appreciate in value ... and rightly so depending upon Model Year of course. I'm a huge fan of early Model Year Porsche and late 70s early 80s BMWs but new models from both these name plates are in some instances though definitely not worth the offer price truly amazing machines. Some bids on the Tesla Cybertruck are crazy high right now but i still think that massive machine will go back into full rate production. If Subaru were to get serious about creating a PHEV that might be worth a look if there was a BRZ version. Recent Chevy Corvettes are arguably the worst vehicles GM has ever made. Tesla Roadster have a cult following now.
Honestly I think MSRP is too high on some cars. Out of my 11 cars, some special editions, maybe 2 will go up on value. My 1994 Twin turbo Supra and my 2004 Porsche 911 with 114000 miles which I paid $13000 for. My 2007 Solar orange 350Z(500 made) and my 2008 Supercharged, JCW sidewalk edition, last of the 100 will probably not go up on value. My 69 conv. Corvette needs total restoration so im down already. Truly you buy a car cause you want it not as investment anymore. My lifted F350 Amarillo edition gets about 10 miles to the gallon.
I honestly don’t see hellcats going up in value I mean all hellcats variants except for the demon 170 n probably by not much only because their is so many of them they’ve been making them since 2015 in so many cars
Was shopping around for a manual hellcat, found one at Jerry Ulm for 87k, when they worked me up a proposal it went to 115k.... I bought fell outta my chair.
What about a Honda Civic sport touring hatchback? Do you think that’s a good investment, because eventually they’ll be all hybrids and you won’t be able to buy that turbo engine anymore without the hybridization… lmao😂🚗💰💰💰
People need to realize how much superchargers reduce an engine's efficiency, and with the TRX, it's even worse, considering that the 4X4 is always on. My 2014 Ram 1500 with the 5.7 already gets horrible city mileage. As far as Masseriati is concerned, I doubt the TRX will ever beat them in depreciation just based on how poorly built they are and the fact that cars like the Quattroporte and Ghibli basically offer the same features as a Chrysler 300S besides turbocharged engines and AWD.
Brad, you're right, In 20 years, the gas prices will be different for a 4500 lb vehicle. The economy will be very different than now for dodge trucks and cars
You scared me like hell!! When I read your title only saw “TRX huge mistake”, and I couldn’t believe it from a real Mopar guy like you. TRX is always a damn good truck to buy, just you have to get it at the best price. About gas mileage, it is what it is. It’s a big dinosaur, it needs a lot of food! 🦖😅 Just buy one, and put it on your channel, I can guarantee my view and like on every video the trx shows up! 😂😆
Why not pay cash like me and no payments ever and still buy gold like I do ? 2021 black on black and only 4,000 kl Canadian . New less trucks cost more these days and my dealer keeps calling me to sell for 105,000 used 😂 nope not giving in . Never selling and will always have the best RAM ever !
I own at this moment a TRX -Charger Hellcat and Durango Hellcat. They all get very close to the same gas mileage-you’ll stop for gas less in TRX because it has bigger tank lol. But costs to fill it. I got lucky when i ordered my Durango Hellcat in 2021 because it was supposed to be the only year and mine was the second to last built & they didn’t have some parts left so they put a Dodge Ram gas tank on my Durango so it’s bigger. I also got a couple extra features because they had them laying around so put them in for free. So my Durango is kind of Unique unicorn. But then we all know they decided to screw Durango owners and bring it back- never trust Dodge and their numbered car scam and we will only make 1 year crap. I’d prefer they wouldn’t do that anyway-the Demon should’ve been every year with small tweaks every year. This whole gas thing is in peoples head. Most TRX buyers aren’t really Hellcat guys-they’re just Truck guys that want they big interior to carry ppl-so it’s why they turn them in because you do get worse gas mileage with 5 ppl always in your truck. People also struggle driving them because they’re very wide for road and staying in lane, hard to park and hard in some drive thrus . Not for me but for many. The other thing is the payment-once the newness wears off they get sick of the payment but it’s getting to the point if you look at other trucks in the lot most trucks are creeping to $100,000. When i got my TRX it was one of the cheapest trucks on the lot. I couldn’t believe it. The other thing that hurt TRX and ppl started trading their brand new TRX in for was when that New Jeep Grand Wagoneer came out. A lot of ppl traded in quick for that. A lot of ppl with Denalis traded in for it too. You could go pretty fast and carry a lot of people and get better gas mileage if you traded in any of these things for it. During Obama when he did this to our expenses and made our utilities and grocery and gas bills go up we had the same situation-i went to look for a Lincoln Navigator and walked onto lot and they begged me to buy one-the sticker was $54,000 and i got it for $34,000 without even haggling-they had not sold an SUV in over 1.5 months because of economy and there was an attack on SUVs if ppl remember and even back then the gladiator only got 12 miles to gallon with no supercharger so it’s amazing we even get that with superchargers now. At the time Hummers were still big and everywhere and guys start trading in because they had 9-10mpg plus you were made to feel uncomfortable because you had a big vehicle-same crap that is going on now. Ppl forget but everything going on now was exactly the same under Obama and ppl fall for it. Obama had all cars traded in crushed (cash for clunkers) if they were big. They screwed all junk yards back then by mandating crushing because Obama didn’t want you to get used parts for your car. That made the junkyards turn into monopolies-in my area of many millions of ppl in Florida all the junkyards got bought by one person back then and they aren’t really a junk yard and they take orders from govt to not have certain parts to fix your vehicle. It’s another reason why Copart was invented because they all own that place too. But insurance companies will total ur vehicle even if the airbag didn’t deploy because they want to crush them. We have to stop this control and monopolies made by govt -everything is a monopoly and small biz is being destroyed
I bought a TRX in late 22 for 11k off msrp. Loaded up with sunroof, technology lvl 2. Etc etc. 92k out the door! The truck is super awesome but people are stupid not haggling the 125k msrp. Can get one for 114k but it’s still steep. Stellantis is crazy.
It’s not a great daily driver. I love it to take my family on long drive trips. 18k miles in two years. Gas mileage does suck. Can’t imagine doing it as a daily.
Paid $81k price locked factory Level II order. $93,700 msrp at delivery. Own it outright. Driven hard to 43k and have 5yr/125k warranty so keeping it stock
My 90 Grand Wagoneer that I bought from Wagonmaster in 99 for 12.5k & now has 103k on speedo, I've been offered at best 47k. Could get 60k if I ad on BAT etc. Wagonmaster is selling them for north of 100k now with lower miles. Compared to new GWs losing 30%+ within 1 year just like their platform mates TRX/ Rams. Some used vehicles are good investments money & enjoyment wise.🎉
Its worth money 30 years later, which is pretty much what he said. Yes vehicles can appreciate, but its pretty rare + random and there are better investments
@@schylersmith1223 my happiness for 24 years plus ownership is priceless, but again getting 4 times what I paid for it is also great. I don't buy cars for investments, but a lot do & make $$$ doing it with the classics/antiques. l got lucky with my Grand Wagoneer.🎉
dealers , exotic resale dealers , car flippers still haven't seen the memo on last calls , prices are dropping D 170 sold on ebay motors no reserve $156100 , now the honest dealers , who want to move their 2023's are dropping under msrp one has to shop around or out of state if they want a deal
People didn't buy cars for an investment potential back in the sixties and early seventies. People bought the cars they could afford that could carry their family with some models having a little performance for dad like all of the midsize muscle cars Torino GTs, Charger RTs, GTOs and the rest of the corporations. Notice their base models aren't worth much but the high horse power models are but these are extremely rare. I believe there is 58 1969 Trans AM convertibles built with the RAM AIR III engine option one sold at auction for 1.2 million. How many are left maybe 10? 3,000 Demons were made that were numbered people are going so save them to try to cash in HUGE MISTAKE way too many of them. Very few people will race them so it isn't like it will be hard to find an original Demon with all numbers matching.
2023 TRX with average driving and no big lead footing, 14mpg and running 91+ octane which is required...not my daily driver. Not a rich person just wanted to have the truck and enjoy it and don't expect it to increase in value, as I don't see the modern cars and trucks ever increasing like the older classics. Demand will never be like that and production numbers are way higher on modern and not sure they will decline in the amount that is still available in years to come due to many thinking they will have a rare car in the future.....(not).
Honestly a car or truck is an investment BUT not in value but more in smiles per mile or a tool. But to make money no way unless is low low production and you never drive it and the MSRP is over 1,000,000. I buy for my self investment in enjoying cars and trucks.
A 93 cobra just sold for 115k...very low miles..I'm sure they said that car won't appreciate too...the redeyes and demons will go up if you keep it as a Sunday driver...10 years from now these cars will not be around just like the fox body mustangs..and these hellcats are far more special than those...if you want to daily it then enjoy...bit trust me 10 years from now they will be rare to see!!!!
These cars are really meant to have fun. If you’re garage keeping a Mopar, then you typically have fleet of other cars to enjoy. No point in babying a Mopar..just have fun and enjoy it.
Stellantis is the result of a merger between Fiat Chrysler and PSA Group, forming one of the largest automakers in the world. Stellantis owns several subsidiaries in addition to Fiat and Chrysler, including Comau, Teksid, Mopar and Maserati. The Three Stooges Co.
