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Message
Potentially might need a new car
Posted on 6/15/22 at 8:01 am
Posted on 6/15/22 at 8:01 am
Looking at an SUV or Truck. Just wait it out for the next few months if possible because of the market? Someone told me prices might drop 20% then.
13
Posted on 6/15/22 at 8:07 am to HotTakes
If you can wait a few months, you don’t need a new car.
Seriously though, I wouldn’t buy one right now if I could manage without doing so. Are you buying out of convenience or necessity? Do you want more room for the kids or do you need one that runs? There’s a big difference between those two and in times like the current one, that becomes an even bigger difference unless you can pay cash and don’t mind paying a lot more than you should.
Seriously though, I wouldn’t buy one right now if I could manage without doing so. Are you buying out of convenience or necessity? Do you want more room for the kids or do you need one that runs? There’s a big difference between those two and in times like the current one, that becomes an even bigger difference unless you can pay cash and don’t mind paying a lot more than you should.
This post was edited on 6/15/22 at 8:09 am
Posted on 6/15/22 at 8:17 am to TDsngumbo
Right now staving off the new one with an 03’ corolla with higher mileage.
Posted on 6/15/22 at 8:17 am to HotTakes
I own three between mine, wife, and kids. Two of them are being held together with duct tape and bailing wire for now. Check engine lights, reduced power mode etc. Don’t care, I refuse to pay these prices.
Posted on 6/15/22 at 8:19 am to HotTakes
quote:My teenagers share an ‘03 Camry with no AC.
Right now staving off the new one with an 03’ corolla with higher mileage.
Builds character.
Posted on 6/15/22 at 8:26 am to OldSouth
quote:
My teenagers share an ‘03 Camry with no AC.
Builds character.
And melts fat
Posted on 6/15/22 at 8:29 am to HotTakes
quote:
Right now staving off the new one with an 03’ corolla with higher mileage.
Just keep changing the oil, rotating the tires, etc...car prices will come back down. I would rather put a couple thousand into repairs into a 03 Corolla right now than pay these insane prices for cars.
If things are starting to go wrong on it, I would just see how much it takes to keep it going for another year or two and do that work if it's somewhat reasonable. Obviously dont put $5k of work into a car worth maybe $3k, but a Corolla shouldnt need that much unless it's full engine/transmission related.
A friend of ours just got a 2022 hybrid Hyundai Tucson and they were proud they only paid $1k over sticker price for it because "other people are paying close to $2k over sticker for it"...and she had to wait like 2 months to get it after putting a deposit down to get one.
Imagine paying over sticker price for a Hyundai
This post was edited on 6/15/22 at 8:44 am
Posted on 6/15/22 at 8:47 am to OldSouth
quote:
My teenagers share an ‘03 Camry with no AC.
i have had a couple old cars with no AC. years back. will make you appreciate what you have now.
Posted on 6/15/22 at 9:11 am to HotTakes
I'm driving a 15 Tundra that is paid off and runs great with 140k miles on it. I WANT a 3/4 ton but to hell with buying a "want" at these prices.
Posted on 6/15/22 at 9:34 am to OldSouth
quote:
Builds character.
Damn straight.
Posted on 6/15/22 at 9:43 am to OldSouth
quote:
My teenagers share an ‘03 Camry with no AC.
a cock blocker on wheels... hey at least your sons won't be a daddy soon.
Posted on 6/15/22 at 9:58 am to HotTakes
Same issue on my side. I have a 2019 G550 that’s getting close to hitting 20k miles and need to get into something more reliable since it has so many miles on it.
Posted on 6/15/22 at 10:23 am to HotTakes
man I am in same boat and trying to hold out as long as possible
have to imagine gas prices, and consumer spending nightmare might put a final slowdown on this price absurdity
have to imagine gas prices, and consumer spending nightmare might put a final slowdown on this price absurdity
Posted on 6/15/22 at 10:42 am to WhiskeyThrottle
quote:
WhiskeyThrottle
quote:
I'm driving a 15 Tundra that is paid off and runs great with 140k miles on it. I WANT a 3/4 ton but to hell with buying a "want" at these prices.
I am driving a paid off 15 Ford F150 with 146k miles. Just replaced all hoses, belts and water pump along with new tires and brake pads. There is nothing wrong with the vehicle cosmetically or mechanically. Would love to upgrade to an F250 but will drive this one as long as these prices are retarded.
Posted on 6/15/22 at 10:45 am to HotTakes
quote:
Someone told me prices might drop 20% then.
If you are selling/trading in a used car, its will probably all net out the same. Used car prices are also at record highs. If demand falls, it will also fall for used cars which will probably net out.
Posted on 6/15/22 at 10:47 am to HotTakes
quote:
Looking at an SUV or Truck. Just wait it out for the next few months if possible because of the market? Someone told me prices might drop 20% then.
Good luck.
If you can wait...wait. You know it's bad when you can't even find one to test drive.
Posted on 6/15/22 at 11:06 am to thunderbird1100
quote:
Just keep changing the oil, rotating the tires, etc...car prices will come back down. I would rather put a couple thousand into repairs into a 03 Corolla right now than pay these insane prices for cars.
If things are starting to go wrong on it, I would just see how much it takes to keep it going for another year or two and do that work if it's somewhat reasonable. Obviously dont put $5k of work into a car worth maybe $3k, but a Corolla shouldnt need that much unless it's full engine/transmission related.
I wish I never gave my Corolla to my daughter. Best car I ever owned from a maintenance/operational cost point of view. I've considered finding a beater Corolla just to drive to work.
Posted on 6/15/22 at 11:07 am to member12
Nobody knows where the future goes. People claiming they will refuse to pay these prices may end up walking to work.
Posted on 6/15/22 at 11:25 am to thunderbird1100
quote:
A friend of ours just got a 2022 hybrid Hyundai Tucson and they were proud they only paid $1k over sticker price for it because "other people are paying close to $2k over sticker for it"...and she had to wait like 2 months to get it after putting a deposit down to get one.
yah frick that.
quote:
Imagine paying over sticker price for a Hyundai
Hyundai's are actually surprisingly good vehicles nowadays. I had a 2012 Sante Fe that is still running with 150K + miles on it with minimal issues and regular maintenance.
They are like cheaper, longer lasting versions of Toyota's now. At least in my experience.
Posted on 6/15/22 at 11:46 am to gaetti15
quote:
Hyundai's are actually surprisingly good vehicles nowadays.
Very true. Hyundai and Kia have done a very good job overcoming the stigma that they had 10-15 years ago. I have to say, I’ve been impressed by their styling cues over the past few years. They’ve also done a very good job climbing the quality and customer satisfaction rankings.
As for the OP, I’d hold out as long as possible. Whether it’s a hard recession or even the hoped for soft landing, economic activity will continue to slow and that, along with higher borrowing rates, will affect the auto market. And with Ford’s announcement today, we can see that the automotive market is already feeling the pinch. At the very least, the MSRP premiums will fall off. Hopefully the supply chain issues will also get better. So a decrease in demand and an increase in supply should help buyers.
Take that for what it’s worth. But I’m looking at a new vehicle purchase around late February to early March 2023.
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