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Started By
Message
re: Car dealers have so much backlog, some 2022s are "new"
Posted on 12/3/23 at 6:49 pm to lynxcat
Posted on 12/3/23 at 6:49 pm to lynxcat
quote:
The pride of driving an old vehicle for 250K miles is odd to me. The same way those people criticize others who drive newer cars or expensive cars. It’s all just a weird subculture of who the F cares
I care because I see many people buying these cars at these dumb prices who will likely lose them. I’ll end up paying for it in a government bailout of the irresponsible. Driving a vehicle for a long time is responsible behavior rather than living outside your means for vanity.
0
Posted on 12/3/23 at 6:55 pm to el Gaucho
Jeep makes the worst vehicles on the planet so no I will pass
Posted on 12/3/23 at 6:57 pm to SlowFlowPro
Wife and I both drive paid off 2016-2017 vehicles.
Every time we get the idea to look at newer vehicles, the prices turn us off. Its out of control.
We have a family income of 170k with only a mortgage for debt. I cannot wrap my head around how those who make much less, and already probably overextended, choose to make such a reckless financial decision to have 1 or 2 notes on $45-55k vehicles.
Every time we get the idea to look at newer vehicles, the prices turn us off. Its out of control.
We have a family income of 170k with only a mortgage for debt. I cannot wrap my head around how those who make much less, and already probably overextended, choose to make such a reckless financial decision to have 1 or 2 notes on $45-55k vehicles.
Posted on 12/3/23 at 7:02 pm to JAMAC2001
Not OT rich, but spoke with 3 dealers this weekend. Would not budge off the price when I said I was paying cash. This was for a 20k "used" 2022 Hyundai. Guess they only want 72-84 months @ 9%.
Posted on 12/3/23 at 7:05 pm to MexicanBurtReynolds
quote:
I said I was paying cash
You really shouldn't talk about how you are going to pay for a vehicle during the initial process. You work on sell price.
Posted on 12/3/23 at 7:31 pm to SlowFlowPro
Prices have gotten out of control while vehicles barely make it through a warranty. Combined with high interest rates, this is not surprising.
Posted on 12/3/23 at 7:35 pm to SlowFlowPro
70k for a Jeep Cherokee 
Posted on 12/3/23 at 7:38 pm to Locoguan0
quote:
while vehicles barely make it through a warranty.
Nah
Posted on 12/3/23 at 7:42 pm to CaptainsWafer
quote:
This is where everyone who is poor on the OT fronts and talks about how their cars are paid off and they’ll drive their 2015 into the ground before buying new.
I'm definitely not poor, but chose to continue driving my paid off 2017 Honda Pilot until prices of new cars go lower in 2024. The Jeeps are still overpriced.
Posted on 12/3/23 at 7:59 pm to notiger1997
quote:
You really shouldn't talk about how you are going to pay for a vehicle during the initial process. You work on sell price.
Serious question, should I act like I want to finance for 72 months, and then at the end, gotcha, I'm paying that amount on the sheet today? Only problem is I am about an hour away from any dealership, and don't want to spend all day. I thought I was doing good over text, but you may be right.
Posted on 12/3/23 at 8:06 pm to MexicanBurtReynolds
quote:
Serious question, should I act like I want to finance for 72 months, and then at the end, gotcha, I'm paying that amount on the sheet today?
That EXACTLY what you should do.
Edit: lead them to believe you are considering their financing while you are negotiating. They add some padding on the interest rate and make more money that way.
This post was edited on 12/3/23 at 8:08 pm
Posted on 12/3/23 at 8:24 pm to AllbyMyRelf
Love my 2006 GMC Envoy with 161 k
Posted on 12/3/23 at 8:29 pm to SlowFlowPro
Cars are "new" until they get titled to the first owner. Doesn't matter what year it is.
Posted on 12/3/23 at 9:13 pm to HooDooWitch
quote:
Cars are "new" until they get titled to the first owner. Doesn't matter what year it is
True, technically. I think the point being made was that KBB dont see it that way. your 2022 model year is just like every other 2 yr old vehicle when you go to resell.
Posted on 12/3/23 at 9:20 pm to fallguy_1978
quote:
We aren't rich by any means, but my wife and I are in the top 20% of household income in the US. I'd never pay 50k+ for a vehicle much less 65k for a damn Jeep Cherokee
Better watch it, the OT will call you a liar and that you're really just a poor that can't afford a new vehicle
I'm with you. I just can't bring myself to paying that much for a depreciable property. It just doesn't make good sense to do so. Some people get joy in keeping in a newer vehicle, so good for them I guess.
I'd rather invest and grow any additional money I have. I'm weird, I guess.
This post was edited on 12/3/23 at 9:21 pm
Posted on 12/3/23 at 9:33 pm to notiger1997
quote:
You really shouldn't talk about how you are going to pay for a vehicle during the initial process. You work on sell price.
In most normal negotiations, saying you will pay cash will bring down the price.
With vehicles, it’s almost as if saying you will pay cash actually increases the price.
Posted on 12/3/23 at 9:36 pm to notiger1997
quote:
Nah
Cars make it through but stuff tends to break soon after.
Last week wife’s car, passenger side window rolled down and would not roll back up. Finally got it to go back up but sounds like motor is going out.
Warranty expired two weeks ago
Posted on 12/3/23 at 9:38 pm to JAMAC2001
Correct.
Posted on 12/4/23 at 12:58 am to MexicanBurtReynolds
quote:
Not OT rich, but spoke with 3 dealers this weekend. Would not budge off the price when I said I was paying cash. This was for a 20k "used" 2022 Hyundai. Guess they only want 72-84 months @ 9%.
Wait them out they'll call you back.
Posted on 12/4/23 at 6:47 am to fallguy_1978
quote:
I wonder why they don't sharply cut the prices? At some point just cut your losses and move on.
Question.
Is the unsold inventory used as a tax write off for the dealer or the maker?
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