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Posted on 5/19/24 at 12:35 pm to fallguy_1978
Yup. That’s the way to go. I’m still driving my 2008 Kia… only has 115,000 on it. I hope she can go another 5 years or so.
Posted on 5/19/24 at 12:36 pm to SlowFlowPro
quote:
2. People can no longer trade in lots of negative equity into new finances, which is supposedly CRUSHING car sales (and says a lot)
I was amazed at how many people wanted to trade every two years while having 5 year loans twenty five years ago. All of them upside down of course and no one wanted to put money down.
Now with 7 year loans?
Posted on 5/19/24 at 12:37 pm to RogerTheShrubber
quote:
This has been the left wing plan for over 100 years.
Truth.
And, so many morons not only didn't see it, they championed the leftist causes to their own detriment.
Posted on 5/19/24 at 12:37 pm to BuckyCheese
quote:
7 year loans
What about boat financing? Don’t people even go way more years with those loans?
Posted on 5/19/24 at 12:40 pm to ronricks
quote:sadly you missed the op's point.
People not being able to afford a truck doesn’t mean the economy is broken
Posted on 5/19/24 at 12:41 pm to Bamajedi
My rule is 8 y/o used car with 120k or less mileage. Preferably Toyota of some sort. I'm not trying to keep up with Jones.
Posted on 5/19/24 at 12:41 pm to Bamajedi
quote:
A new Tacoma TuRD off road with a 4 cyl and cloth seats stickers just south of $60K.
this is clearly not possible since the OT idiots keep saying you can still buy new vehicles for $30k all day long, they cant link to any, but they give links to bait and switch ads for vehicles that arent real
Posted on 5/19/24 at 12:52 pm to keakar
Some consumers have never learned the difference between needs and wants
Posted on 5/19/24 at 12:53 pm to TrigSwig
quote:
Wrong, talk to a few realtors. They will tell you. It's ugly out there.
I have and do. I’m just speaking for my area, but what you’re saying doesn’t appear to be the case.
Posted on 5/19/24 at 12:59 pm to Bamajedi
quote:
The economy is just brokenby
Oh well. It’s what we voted for….allegedly
Posted on 5/19/24 at 1:29 pm to keakar
quote:
this is clearly not possible since the OT idiots keep saying you can still buy new vehicles for $30k all day long
You can buy new Ford Mavericks in the 20s. But yeah, full size trucks are getting expensive. Lots of people could get by with the Maverick.
This post was edited on 5/19/24 at 1:30 pm
Posted on 5/19/24 at 1:42 pm to Bamajedi
I’d suggest buying an older vehicle with readily available parts with your 10k. When I say older, I went 89 ford ranger. Parts are easy to get and generally cheap. frick these new car prices.
Posted on 5/19/24 at 1:53 pm to Bamajedi
When Democrats force car makers to build electric cars no one wants, those makers are going to raise the prices of the cars people do want in order to offset the losses.
Posted on 5/19/24 at 1:58 pm to fallguy_1978
quote:
RAV4 for $18,000 and keep on kicking it.
A 10 yr old RAV4 should be $7500
I mean i paid under 18 for a fullsize quad cab 4x4 that's only missing radar cruise control and a moonroof. 5 years old. 130k on it. Bought last year.
Same exact truck new is 68 before you start negotiating.
Posted on 5/19/24 at 2:02 pm to BuckyCheese
quote:
Now with 7 year loans?
Eight, now. How long before 10-year loans just to buy a fricking car?
Yet people will still be dumb enough to do that and those sorts will help to keep prices from dropping as they would otherwise.
Posted on 5/19/24 at 2:07 pm to ronricks
quote:
People not being able to afford a truck doesn’t mean the economy is broken
Of course not
But a significant portion of the population being upside down on vehicles is certainly not a good thing to have present in the economy
Home affordability where it stands is also not a good metric
There are at least a handful of things that together could be a ticking time bomb for this economy
Posted on 5/19/24 at 2:10 pm to Bamajedi
Should be a good time for me to sell my Toyota with a 6 speed stick that I have back in the states.
Posted on 5/19/24 at 2:13 pm to Powerman
quote:
There are at least a handful of things that together could be a ticking time bomb for this economy
A decent uptick in unemployment and this will get ugly very quickly.
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