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re: Buying a vehicle: with supply chain issues, is negotiating even a thing nowadays?
Posted on 10/20/22 at 2:33 pm to Hankg
Posted on 10/20/22 at 2:33 pm to Hankg
Obviously car sales are sort of regional, but the entire market has been turning down for more than 15 straight weeks. Prices are falling are even a more rapid pace last few weeks. However it will still take time for them to 'correct' to pre spike.
However I'm quite certain you can negotiate vehicles, especially used right now. As everyday they sit on the lot they are losing value. Everyday retail prices are going to follow wholesale
However I'm quite certain you can negotiate vehicles, especially used right now. As everyday they sit on the lot they are losing value. Everyday retail prices are going to follow wholesale
0
Posted on 10/21/22 at 12:57 pm to okietiger
quote:
Has anyone bought a car recently?
Last month. This is my 2nd car I buy from the same dealer in the past year. First time I went there, I tried the old school negotiating strategy. They said price on the car is the final price. The only negotiation they accepted was a higher bid for the trade in of my old car.
A year later, I am shopping for another car (for my wife-no pics). I was logging to see their inventory in their website almost on a daily basis. I noticed when cars sat too long at the lot, they would have these temporary "car sale promotions" to sell them faster.
I noticed one car that I had tagged as favorite, one day go from $33.9K to $29.9K overnight. Next day I literally ran to the dealer and got a hold of it.
Posted on 10/21/22 at 3:40 pm to okietiger
We bought a new car in March 2022. Paid sticker + $1000 but my husband insisted on me having a new car due to the travel that I do so who was I to argue.
Anyway, no negotiating in the price, but we got a great deal on the trade in (more than we'd have expected honestly) and we got 0% financing and I got them to take the vin etching fee off. Super small victory but I swore I'd never pay it again.
Anyway, no negotiating in the price, but we got a great deal on the trade in (more than we'd have expected honestly) and we got 0% financing and I got them to take the vin etching fee off. Super small victory but I swore I'd never pay it again.
This post was edited on 10/21/22 at 3:41 pm
Posted on 10/24/22 at 7:10 am to shutterspeed
quote:
I'm in a Nissan Maxima with 170k miles that I still enjoy driving and would be more than willing to drive until 250k miles or more. However, the detail I feel aggravates the high mileage is that my car is 12 years old
The Nissans from 2007 and up are expensive to fix. I assume that’s the case with every mfg.
Had I purchased the extended power train warranty, I’d have saved 11,000 from replacing the cvt. (However, a class action law suit helped me out tremendously).
The model has always been to frick the consumer. That’s so true.
But fixing a car today is very expensive and I don’t know the right time to jump off my pathfinder.
Posted on 10/24/22 at 7:15 am to keakar
quote:
any vehicle will easily go 300k miles with regular maint and oil changes
If you are willing to repair the things that just break.
I had a fan go out. The fan ball bearing looked like is was 45 cents to buy, but the repair man had to drop the engine to fix it. $600+.
Also a steering pump that looks like it was made at Fisher Price is over 2000 to fix. It’s a racket.
You may be right for pickups but the cars are made to be expensive to repair. They want you buying a new one.
This post was edited on 10/24/22 at 7:17 am
Posted on 10/24/22 at 7:27 am to okietiger
quote:
I'm just curious to hear what dealers are doing
I was in the market for a vehicle 2 years ago. This morning, I just received an email from a dealership inquiring whether I was still in the market.
I would get these emails weekly from several dealerships when I was in the market. And it’s been radio silence for 2 years until this morning. This is a sign. The tide is turning.
Posted on 10/24/22 at 7:43 am to PhiTiger1764
We bought a 2016 Nissan sentra for my daughter (her money. No pics). We knocked off $1k on the asking price. Car had only been on the lot 1 day.
Took it tax, tag, title for $8200. Had 85,000 miles on it.
Took it tax, tag, title for $8200. Had 85,000 miles on it.
Posted on 10/24/22 at 10:06 am to meansonny
Interest rate environment is going to crush auto sales. Housing rightfully gets the focus but autos are going to feel it with a quickness.
Long term, it will be a very good thing for the market to cool down for autos. It should allow for supply to stabilize for 2024.
Long term, it will be a very good thing for the market to cool down for autos. It should allow for supply to stabilize for 2024.
Posted on 10/24/22 at 10:55 am to lynxcat
Yeah
This is one of the big industries where the cheap cost of borrowing allowed prices to inflate because the cost of the note over five or more years was doable.
Well here we are. Average MSRP is over 40k with average payments also way too high for working class or lower middle class people to have the car they want.
Buncha dealers and manufacturers may go under before this is done. The banks on the hook for bad car loans during COVID stimulus are still putting off the true losses from repossessions that aren't selling for the loan value at auction.
This is one of the big industries where the cheap cost of borrowing allowed prices to inflate because the cost of the note over five or more years was doable.
Well here we are. Average MSRP is over 40k with average payments also way too high for working class or lower middle class people to have the car they want.
Buncha dealers and manufacturers may go under before this is done. The banks on the hook for bad car loans during COVID stimulus are still putting off the true losses from repossessions that aren't selling for the loan value at auction.
Posted on 10/24/22 at 11:34 am to lynxcat
quote:
nterest rate environment is going to crush auto sales. Housing rightfully gets the focus but autos are going to feel it with a quickness. Long term, it will be a very good thing for the market to cool down for autos. It should allow for supply to stabilize for 2024.
So, and optimal scenario:
1. If one can finagle a company car and be able to sell their current car…..do it.
2. Then with the used and new car markets’ supply gos up, you can buy cheap.
Win win.
Posted on 10/25/22 at 5:14 am to okietiger
quote:
181k miles on 2015
Damn baw, I don’t guess you work from home
Posted on 12/5/22 at 12:01 pm to WillieD
Any update on this?
Just ordered at 2023 Ford F-150. Will be here in 4-6 months.
Fingers crossed on prices coming down lol.
Just ordered at 2023 Ford F-150. Will be here in 4-6 months.
Fingers crossed on prices coming down lol.
Posted on 12/5/22 at 12:24 pm to okietiger
If you need a car right now, you should have ordered it 8-10 weeks ago.
Unfortunately the negotiating power is limited. Find one that will sell at sticker.
Unfortunately the negotiating power is limited. Find one that will sell at sticker.
Posted on 12/5/22 at 12:26 pm to dewster
Not sure regarding the negotiation side of things, but I feel as though a lot of the local car lots (private, dealerships, etc.) look to have a bunch more inventory than say even 2-3 months ago.
Posted on 12/5/22 at 12:26 pm to okietiger
quote:
Just ordered at 2023 Ford F-150. Will be here in 4-6 months.
Is your dealer trying to under promise/over deliver? Because 4-6 months is insane.
Our GMC only took 7 weeks. The Toyota dealer said 6-10 weeks. Maybe you should talk to other dealers.
Posted on 12/5/22 at 12:36 pm to dewster
Not sure. It's a trim level I believe. And there's certain things they're not even allowing at this point, such as auto start-stop being not included (I hate this feature so good lol).
And I'm actually fine with the timeframe too. I'll be north of 200k miles by that point.
And I'm actually fine with the timeframe too. I'll be north of 200k miles by that point.
Posted on 12/5/22 at 12:37 pm to dewster
quote:
Unfortunately the negotiating power is limited. Find one that will sell at sticker.
My "guy" has already promised this. I'm just still sad that I can't go beat up car dealers like I did in the past lol. So much fun working these guys for 10k off MSRP. Guess those days are dead for the foreseeable future sadly.
Posted on 12/5/22 at 12:43 pm to Ziggy
quote:
Not sure regarding the negotiation side of things, but I feel as though a lot of the local car lots (private, dealerships, etc.) look to have a bunch more inventory than say even 2-3 months ago.
My local Ford dealership is probably at 75-80% pre-covid inventory (from my non-scientific observation).
Posted on 12/5/22 at 5:42 pm to okietiger
Not really they tell you the price. If you don’t buy someone else will
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