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re: Sticker Shock on used Cars/Trucks
Posted on 10/12/21 at 6:14 am to slackster
Posted on 10/12/21 at 6:14 am to slackster
Just amazes me people would willingly buy anything right now knowing that car prices have nearly doubled within a year. What happens in 3 years when hopefully all of this has died down and you want to trade in or sell vehicle and they tell your car is worth so much less than you paid for it? Using example of car i used. 3 years from now you have 180k -200k miles on the car and want to sell . Potential Buyer is like i'll give you 3k for it. You're like i spent 16k for it 3 years ago. That's gonna hurt especially when most cars already depreciate right when you drive them off the lot.
This post was edited on 10/12/21 at 6:17 am
3
Posted on 10/12/21 at 6:17 am to FLObserver
If you need a vehicle, you don’t really have much of a choice right now.
Posted on 10/12/21 at 6:17 am to FLObserver
I bought my son a Hyundai Elantra this past weekend, 40K miles on it for 19K.
It was a pain in the arse and we were at the dealership for 5 hours, the inventory was low and the "used" parking lot was nearly empty.
They were not going to let us leave without a car though.
It was a pain in the arse and we were at the dealership for 5 hours, the inventory was low and the "used" parking lot was nearly empty.
They were not going to let us leave without a car though.
Posted on 10/12/21 at 6:22 am to FLObserver
quote:
What happens in 3 years when hopefully all
I think many people are under the impression that right now is as good as its gonna get for a while.
Posted on 10/12/21 at 6:26 am to FLObserver
quote:you must be pretty dumb if that amazes you.
ust amazes me people would willingly buy anything right now knowing that car prices have nearly doubled within a year.
it's a car. not a watch.
Posted on 10/12/21 at 6:38 am to FLObserver
quote:
: 14,998.00 before taxes and titl
Too much for a junker like that.
Posted on 10/12/21 at 6:48 am to FLObserver
Welcome to 2021 where democratic policies rule the earth
Posted on 10/12/21 at 7:26 am to FLObserver
Biden voters wanted to help out the poor and middle class by making everything much more expensive
Posted on 10/12/21 at 7:33 am to FLObserver
quote:
at the toyota dealership
There's your first mistake...dealers are jacking up prices on used vehicles these days like they are made out of crack.
Posted on 10/12/21 at 7:35 am to slackster
quote:
I get that blaming everything on Biden is both funny and mostly true, but the used/new car problems have little to nothing to do with either administration. Supply is constrained, plain and simple. Started with massive demand during the pandemic as people moved out of cities and needed vehicles, wiping out most inventories. Since then, the chip shortage has meant new vehicles can’t sniff pre-pandemic levels, so everything that rides on 4 wheels has skyrocketed.
I would be genuinely interested in getting an explanation for how this one is on the Biden admin. Logistics are absolutely fricked across the entire world, from manufacturing to shipping, from raw materials to SOCs. Plenty of shite to blame Biden for these days, but this one just doesn't seem reasonable or logical in any way. But if I'm missing something, someone let me know
Posted on 10/12/21 at 7:39 am to Joshjrn
quote:
Plenty of shite to blame Biden for these days, but this one just doesn't seem reasonable or logical in any way. But if I'm missing something, someone let me know
Yeah it started during the pandemic. Demand plummeted, so manufacturers cut orders for chips and parts accordingly. No one anticipated the incredible bounce back, and they’ve been trying to play catch-up ever since. All the chip orders went to device makers, which was an obvious market during the pandemic, and there is very little supply for autos. Tack on the global supply chain issues for other parts, and you get this situation.
Posted on 10/12/21 at 7:45 am to Joshjrn
quote:
would be genuinely interested in getting an explanation for how this one is on the Biden admin. Logistics are absolutely fricked across the entire world, from manufacturing to shipping, from raw materials to SOCs. Plenty of shite to blame Biden for these days, but this one just doesn't seem reasonable or logical in any way. But if I'm missing something, someone let me know
How is he solving it? What is he doing to help with shipping delays? What is he doing to help with cargo ship offloading? He is a useless suit who is offering no answers to trying to solve the problems America is facing right now.
Even if it’s not his “fault” his admin doesn’t seem to be trying to fix any of it, either
Posted on 10/12/21 at 7:46 am to slackster
Yeah, if you had told me a year ago that the apocalyptic GPU shortage was going to basically foreshadow shortages in damned near every facet of life, I definitely would have called you a crazy doomer
Posted on 10/12/21 at 7:46 am to Eighteen
quote:
Even if it’s not his “fault” his admin doesn’t seem to be trying to fix any of it, either
Fair enough criticism. The port situation is ridiculous.
Posted on 10/12/21 at 7:48 am to Eighteen
quote:
How is he solving it? What is he doing to help with shipping delays? What is he doing to help with cargo ship offloading? He is a useless suit who is offering no answers to trying to solve the problems America is facing right now.
Even if it’s not his “fault” his admin doesn’t seem to be trying to fix any of it, either
I'll be the first to admit that these issues aren't my wheelhouse, so honest question: are these issues something the President of the United States has the power and authority to fix? And if so, how would they go about doing so?
My kneejerk is that a JIT paradigm combined with global logistics being fricked is beyond the scope of the president being able to stick a bandaid on. But hey, I was planning to buy a new car in the next few months, so if someone has theories for how to unfrick this, I'd love to hear them
Posted on 10/12/21 at 7:52 am to FLObserver
I was at a dealership the other day looking at a 2017 Z71 with 159K. They wanted $48 grand for the vehicle. Does anybody remember when used cars were a less expensive alternative to new cars? 
Posted on 10/12/21 at 8:03 am to FLObserver
This continues to be a direct result of the Obama-Biden Cash-for-Clunkers scheme.
Posted on 10/12/21 at 8:04 am to FLObserver
quote:
Sticker Shock on used Cars/Trucks
The prices of every consumer product out there is going up and aren't about to come back down.
Posted on 10/12/21 at 8:11 am to madmaxvol
quote:
dealers are jacking up prices on used vehicles these days like they are made out of crack.
Have you seen FB Marketplace?
“2010 F150 XLT 187k miles needs tires; a/c needs Freon; 3rd gear slipping. $25,000”
Posted on 10/12/21 at 8:14 am to LuckySo-n-So
quote:
dealers are jacking up prices on used vehicles these days like they are made out of crack.
quote:
Have you seen FB Marketplace?
My son bought an '02 Civic Si with 150K on it for $3,200 two weeks ago. It had been garage kept and was in amazing condition...so there are still somewhat reasonable deals out there, but you have to sift through the people trying to cash in on the bubble market right now.
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