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Posted on 5/9/24 at 7:20 am to jsk020
quote:
Bro a sequoia is 82k. So Toyotas aren’t as inexpensive as you think.
A sequoia is one of Toyotas most expensive cars, not exactly a typical example.
Everyone in this thread keeps bringing up crazy expensive examples from basic manufacturers.
This post was edited on 5/9/24 at 7:21 am
Posted on 5/9/24 at 7:21 am to PeteRose
quote:
I have an 800 score my bank offered me a 10% rate.
get a new bank holy shite
Posted on 5/9/24 at 7:22 am to HillabeeBaw
A friend of mine just bought a 2010 Tundra with less than 140k miles, one owner. Great shape, his mechanic had pointed him to it bc he’d seen it pop up for sale. Paid cash. More folks will go this route.
Posted on 5/9/24 at 7:25 am to AwgustaDawg
So Nissan had a record sales year last year and they are doubling that this year? bullshite
Posted on 5/9/24 at 7:26 am to AwgustaDawg
quote:
I heard this morning that Nissan sales were up 90% over last year which was the best year they had ever had
??? 90% sounds too good to be true.
Nissan US sales for the first quarter in the US are up 7.2%
2023 235,818
2024 252,735
up 7.2%
Nissan 1st quarter US sales
This post was edited on 5/9/24 at 7:27 am
Posted on 5/9/24 at 7:32 am to Lsupimp
Same here Baw. Bought a Colorado new in 2016. It's been through a rockslide and a few minor wrecks. 149,000 miles on it. 19-20 mpg. Everyone around me driving new trucks.
Posted on 5/9/24 at 7:33 am to HillabeeBaw
quote:
I'm still driving daily my 2009 Tacoma with 130k miles. Only cost is Oil Changes, Tires recently and a set of brake pads. I'll drive it another 10 years I'm sure.
still driving my 2014 tundra with 150k miles. plan to drive it another 3 years before passing to my oldest son.
i just buy my wife a really nice car every 4 or 5 years.
we are blessed and can afford it no problem, but yea its crazy how sales have not fallen like crazy. mind blowing really. My friends in the business are telling me its upticked if anything and people getting 8% quoted routinely which is crazy
i used to be on here telling people they were dumb for not financing for as long and as little down as possible when rates were below 3%. essentially it was free money when you factored in inflation but man these new rates...crazy
Posted on 5/9/24 at 7:33 am to cgrand
quote:And the average car price in 1992 was $16,336.
my first car loan in 1992 was 6%. That’s just what it was back in the stone ages. My home loan at the time was 11%. People have lived entire lives in a zero to low rate environment
If corrected for inflation, the average car price today would be $36k.
Instead, it is $47k.
The whole argument of “well, our interest rate was higher” is dumb as hell.
Yes, it was…and the cost of goods and services was substantially lower, even when corrected for inflation.
I would gladly take your 6% and cheaper prices over the current 7% and higher prices.
Posted on 5/9/24 at 7:34 am to Scruffy
quote:
Instead, it is $47k.
Yet, there are many viable vehicles you can buy under 47k.
People just dont have restraint.
Posted on 5/9/24 at 7:36 am to RogerTheShrubber
quote:In 1992, if the average was $16k, there were many viable options below that number.
Yet, there are many viable vehicles you can buy under 47k.
Still sounds significantly better.
Posted on 5/9/24 at 7:38 am to biglego
quote:can't afford a vacation either
Everyone on the OT makes deep six figures except they can’t afford to buy a car
Posted on 5/9/24 at 7:39 am to Scruffy
quote:
In 1992, if the average was $16k, there were many viable options below that number.
Very true. I bought a new Isuzu Rodeo that year, manual 6 cyl enginem 4wd and it cost less than 16k.
Too many tards think if they can get a loan for it, they can afford it.
Posted on 5/9/24 at 7:40 am to fallguy_1978
quote:Not nearly a high enough income for that to be a good decision
At what income can one drive a $100k car in your book? Minimum 200k/yr to me and that's individual income.
Posted on 5/9/24 at 7:40 am to RogerTheShrubber
Yeah I can’t get on board with paying 50K for a car. I would rather spend it/invest on something else.
Posted on 5/9/24 at 7:42 am to dandan
quote:
I would rather spend it/invest on something else.
Indeed.
Self indulgence is very expensive. Its those little extras that cost you.
This post was edited on 5/9/24 at 7:43 am
Posted on 5/9/24 at 7:42 am to SlowFlowPro
quote:
Once the cracks start to create floods, houses will be next.
I just don't believe it anymore.
Posted on 5/9/24 at 7:43 am to dandan
50k seem to be the low end these days, how in the hell are there so many 90k-120k SUV’s on the road these days
Posted on 5/9/24 at 7:44 am to Jcorye1
quote:
I just don't believe it anymore.
Me neither.
Govt will protect investors over residents. They'll bail out people if the market falls.
The game is rigged when those who drive the market cannot fail.
Posted on 5/9/24 at 7:46 am to LSUSports247
quote:
how in the hell are there so many 90k-120k SUV’s on the road these days
Those instagram photos aren’t going to like themselves.
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