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re: Car pricing when is it going to end
Posted on 12/18/22 at 10:48 pm to Higgysmalls
Posted on 12/18/22 at 10:48 pm to Higgysmalls
The market will find an equilibrium eventually, but it is still catching up to all the new money.
0
Posted on 12/18/22 at 11:01 pm to Higgysmalls
quote:
Looking at Mavericks
Had no clue that was even a real model. Get the young baw a beater.
Posted on 12/18/22 at 11:10 pm to Jack Daniel
quote:
Get his arse a $5k beater
Good luck finding a $5000 beater.
Posted on 12/18/22 at 11:12 pm to Higgysmalls
Just get him a G Wagon. Those are going for below market.
Posted on 12/19/22 at 3:47 am to PrecedentedTimes
quote:
I see packed car lots all over Louisiana lately lol what are you even on about
Take a closer look. They are cars waiting to be serviced.
Posted on 12/19/22 at 4:14 am to tigerbutt
No, they aren’t all waiting to be serviced. The lots aren’t full, but they are getting there, and as somebody else said, all it takes is one dealer to stock up and the rest will follow suit. It doesn’t have to even be close. One guy in Dallas or Houston could impact all of Louisiana. I’d drive there in a heartbeat if the local guys weren’t willing to get right.
Posted on 12/19/22 at 4:17 am to Higgysmalls
quote:
Car pricing when is it going to end
When poor quit buying vehicles they can't afford with 8 year car notes.
Posted on 12/19/22 at 4:33 am to Will Cover
quote:
Manufacturers might have stumbled onto something. Keep supply low and demand high = more profit for manufacturers and dealerships. "Less is more."
This only works in a monopoly
Posted on 12/19/22 at 5:19 am to Higgysmalls
Tell them no.
Posted on 12/19/22 at 5:46 am to Higgysmalls
quote:
Looking at Mavericks
Dude, no. Its a junky Ford. Toyota or Honda.
If you can wait, pricing are SLOWING starting to stabilize and returning to normal.
Yep, those 'add-on' fees are ridiculous.
Posted on 12/19/22 at 6:28 am to Higgysmalls
It’s not.
They placed the huge spike in prices on the cars and have left it. It’s common place now and people are just paying the cost
They placed the huge spike in prices on the cars and have left it. It’s common place now and people are just paying the cost
Posted on 12/19/22 at 6:29 am to Higgysmalls
quote:
Looking at Mavericks
The market is still a little hot but it doesn’t help that you’re shopping one of the most sought after vehicles available right now.
This post was edited on 12/19/22 at 6:29 am
Posted on 12/19/22 at 6:38 am to Breauxsif
quote:
Imagine a $800-$1,500/month car payment
For a $40,000 vehicle and current interest rates… $800 is about where you’ll start on a 72 month term. It’s almost unavoidable if you want a functioning car. Used market not much better
Posted on 12/19/22 at 6:39 am to Higgysmalls
Recently bought a new car. The dealer no longer marks it up, but you pay sticker or it goes to the next person on the waiting list. Take it or leave it.
There were zero new cars on the lot. Most of their new cars are sold before they get to town, especially the premium models.
They had plenty of used inventory. They offered us a fair trade-in price, but not the kind of numbers you were hearing a few months ago. The online and CarMax offers were no better, but I quickly found a private buyer who happily paid significantly more than the trade offer.
There were zero new cars on the lot. Most of their new cars are sold before they get to town, especially the premium models.
They had plenty of used inventory. They offered us a fair trade-in price, but not the kind of numbers you were hearing a few months ago. The online and CarMax offers were no better, but I quickly found a private buyer who happily paid significantly more than the trade offer.
Posted on 12/19/22 at 7:00 am to Higgysmalls
Wait, you find lots with actual inventory? I’d like to join in on the anger and frustration if only you could find something on the lot to get mad about. Same can be said for motorcycles as well. It’s an barren desert. I really don’t know how they are making it. I am having to search out of town to find much of anything.
Posted on 12/19/22 at 7:24 am to Higgysmalls
It’s not…agenda 2030….they want us in electric cars…. Control…. Staying in close, controlled proximity
Posted on 12/19/22 at 7:25 am to TigerIron
quote:
hey make money (maybe even more money) through the service department; if they sell half as many cars that probably is going to decrease their service revenue.
Perhaps, but as the average age of cars on the road increases, the number of cars needing ervice increases.
Posted on 12/19/22 at 7:26 am to Out da box
quote:
they want us in electric cars
This is the biggest misconception out there
No, they don't want us in EV's
They want us not driving at all.
Posted on 12/19/22 at 7:27 am to Higgysmalls
Interest rates should slow things down.
I don’t know if it was a good play or not but I bought a Tacoma in August. My boy drives in 2 years and I was offered just $10k less than what I paid for my Ram that was over 10 years old. I figure give the boy the newer Tacoma at that time and I will buy myself something new. It was an adjustment power wise but it is nice to be able to park in tighter spots. Everyone says Toyotas are bulletproof so I figure he should have a dependable vehicle all through college.
I don’t know if it was a good play or not but I bought a Tacoma in August. My boy drives in 2 years and I was offered just $10k less than what I paid for my Ram that was over 10 years old. I figure give the boy the newer Tacoma at that time and I will buy myself something new. It was an adjustment power wise but it is nice to be able to park in tighter spots. Everyone says Toyotas are bulletproof so I figure he should have a dependable vehicle all through college.
Posted on 12/19/22 at 7:32 am to jcaz
quote:
For a $40,000 vehicle and current interest rates… $800 is about where you’ll start on a 72 month term.
When did $40,000 become an acceptable price to pay for a vehicle? That’s the mindset problem. $40-$50k is now deemed affordable and acceptable because the luxury trims of “normal” vehicles go for $65-$90k.
IMO you should not be paying $40k for a vehicle unless you are pulling $160k+
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