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Starting to see more and more 0%-1.99% interest rate offers on autos/trucks
Posted on 10/30/24 at 11:52 am
Posted on 10/30/24 at 11:52 am
Dealer lots are FULL and end of year is coming...looks like balance of power shifting away from dealerships
Posted on 10/30/24 at 11:55 am to sidewalkside
No one feels like paying $60,000 for a normal truck
Posted on 10/30/24 at 11:56 am to sidewalkside
quote:
.looks like balance of power shifting away from dealerships
again, insane that we can't buy direct from the car companies... I guess you can from Tesla but that's it
Posted on 10/30/24 at 11:57 am to sidewalkside
Wait until the repos start hitting the used car market. The delinquency rates are consistently climbing q/q and at some point the banks are going to have to act.
Posted on 10/30/24 at 12:00 pm to sidewalkside
I saw one the other day and started to look just for fun.
I can't bring myself to even entertain the idea of paying 70K plus for a truck.
I can't bring myself to even entertain the idea of paying 70K plus for a truck.
Posted on 10/30/24 at 12:03 pm to sidewalkside
quote:
Starting to see more and more 0%-1.99% interest rate offers on autos/trucks
Well yeah, most manufacturers are swimming in inventory. I would be very cautious about buying new vehicles being built right now. All these union issues and I'm guessing they are leaving bolts out of cars on purpose. Looking at you Dodge.
Posted on 10/30/24 at 12:04 pm to sidewalkside
Match it with 15K off and I will be interested.
Posted on 10/30/24 at 12:07 pm to Gifman
quote:
I guess you can from Tesla but that's it
You can't in Louisiana. Gotta go out of state to get a new Tesla. Stupid Louisiana laws requiring dealership involvement
Posted on 10/30/24 at 12:08 pm to sidewalkside
Bad news for economy if nobody is buying.
Posted on 10/30/24 at 12:08 pm to GREENHEAD22
quote:
Match it with 15K off and I will be interested.
Hard to do that when they need to sell overpriced to subsidize the sub-sofr rates.
Posted on 10/30/24 at 12:11 pm to Solo Cam
quote:
I can't bring myself to even entertain the idea of paying 70K plus for a truck.
Which is why I’m still rolling a 12 yr old F250 with 220k miles. Paid $50k for it new same truck today knocking on $100k it’s sickening and I refuse to spend that much on a vehicle.
This post was edited on 10/30/24 at 12:12 pm
Posted on 10/30/24 at 12:15 pm to billjamin
quote:I guess they'll have to get used to carrying costs that'll never end.
Hard to do that when they need to sell overpriced to subsidize the sub-soft rates.
$30k for a normal truck and $45-60k for the elite top end.... is what most people remember and perceive as reasonable.
$60k for a normal truck and $90-120k for the elite top end... is difficult to manage at any interest rate because salaries haven't doubled in the same 10-year timeframe.
Posted on 10/30/24 at 12:21 pm to bayoudude
quote:
Which is why I’m still rolling a 12 yr old F250 with 220k miles. Paid $50k for it new same truck today knocking on $100k it’s sickening and I refuse to spend that much on a vehicle.
I’m in a similar boat. 2013 Silverado with 130k that I wouldn’t mind upgrading. But at current prices I’m riding till the wheels fall off.
Posted on 10/30/24 at 12:37 pm to GREENHEAD22
quote:
Match it with 15K off and I will be interested.
On trucks, should get more than 15K off to start. I see them advertised around here up to 20K, and you know if they are advertising that, there is more room.
They should just lower the price and sell them for that someone would buy.
Posted on 10/30/24 at 12:49 pm to The Baker
quote:
No one feels like paying $60,000 for a normal truck
Jesus. I could use the extra space for sure from a full sized but I'm keeping my Ranger until the wheels fall off.
Posted on 10/30/24 at 1:00 pm to sidewalkside
It's a gimic. They just sell vehicle for higher price than they would have with 7.9% financing, etc.
Posted on 10/30/24 at 1:09 pm to sidewalkside
Truck prices have come down from high as frick to just high with the incentives being offered. Still most regular crew cab trucks are pushing 55-60k
But I can get 1.99%!
But I can get 1.99%!
Posted on 10/30/24 at 1:11 pm to sidewalkside
Juice the MSRP and lower the interest rate
American consumers “wow I can afford that 10 year note on a new Tahoe now!!”
American consumers “wow I can afford that 10 year note on a new Tahoe now!!”
Posted on 10/30/24 at 2:06 pm to bayoudude
quote:
12 yr old F250
quote:
Paid $50k
Do you honestly expect car prices to stay stagna t over 12 years? Name anything that is the same price it was 12 years ago?
Posted on 10/30/24 at 2:07 pm to sidewalkside
A coke out the vending machine?
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