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Started By
Message
re: A small "sample" look at car pricing from 2010 to 2018
Posted on 4/26/18 at 9:14 am to 50_Tiger
Posted on 4/26/18 at 9:14 am to 50_Tiger
quote:
Can't the same be said for some select housing markets?
Maybe, but I'd rather put my money in real estate and have a much great chance of seeing an "appreciation" of my funds rather than an immediate 20 % depreciation of my funds in the first year of ownership of a vehicle. And again, a 15 % depreciation in year two and three and so on ...
This post was edited on 4/26/18 at 9:16 am
0
Posted on 4/26/18 at 9:15 am to Will Cover
And now do a wage growth comparison.
Posted on 4/26/18 at 9:15 am to Will Cover
quote:
In 2010, the Ford F-150 for the highest model available had a starting MSRP of $46,740. In 2018, the F-150's highest model has a starting price of $64,275. That's a difference of $17,535 or roughly a 27 % price increase. Put another way, the price increased $2,191 per year over the last 8 years.
You're ignoring the increase in features, performance, etc that the F150 has had from 2010 to now. The new trucks are light years better than than the 2010.
Posted on 4/26/18 at 9:16 am to 50_Tiger
Sort of but housing loans are still harder to come by than auto loans and usually the second thing people let go (after credit cards) in times of financial crises are vehicles.
I do think housing in the US will see an adjustment sooner than later but it will not be on the level of '07-'08 and it will not be as soon as the auto industry does.
I do think housing in the US will see an adjustment sooner than later but it will not be on the level of '07-'08 and it will not be as soon as the auto industry does.
Posted on 4/26/18 at 9:17 am to LNCHBOX
I realize that vehicles on the road today are far superior to their counterparts 7 or 8 years ago. But we're talking in one case, a 27 % increase in pricing - this would be great and justified in the worker that is actually building the truck saw a 27 % increase in their pay in 8 years, but the likelihood of that is not a high probability.
Posted on 4/26/18 at 9:17 am to ForLSU56
Seriously some of our paychecks are larger than $1,000
Posted on 4/26/18 at 9:17 am to Will Cover
I need a graph bro.
Posted on 4/26/18 at 9:17 am to Nado Jenkins83
quote:
I still have the window sticker in a file cabinet with all my other financial shite.
I'm trying to figure out what value there is into keeping the window sticker on an 8-9 year old vehicle for your financial life
Posted on 4/26/18 at 9:18 am to Will Cover
quote:
But we're talking in one case, a 27 % increase in pricing - this would be great and justified in the worker that is actually building the truck saw a 27 % increase in their pay in 8 years, but the likelihood of that is not a high probability.
Materials cost more, R&D costs money. Inflation is also a thing. I know you're not dumb enough to not know these simple concepts.
ETA: I see I've angered the resident geniuses that I guess think all the additional features on vehicles shouldn't cost anything extra.
This post was edited on 4/26/18 at 9:41 am
Posted on 4/26/18 at 9:18 am to stout
quote:
usually the second thing people let go (after credit cards) in times of financial crises are vehicles.
To further prove your point - and while he is not the end all, be all - one of the first questions that Dave Ramsey asks his callers on air is ... "so how much is your car payment? How much is it worth?" "And what is your household income?"
Sell the car! Sell the car!
Posted on 4/26/18 at 9:19 am to stout
quote:Not as much rampant speculation in housing as there was leading up to the last bubble burst, so I don't think any correction will be anywhere near the same scope.
I do think housing in the US will see an adjustment sooner than later but it will not be on the level of '07-'08 and it will not be as soon as the auto industry does.
Posted on 4/26/18 at 9:20 am to Winston Cup
quote:
Seriously some of our paychecks are larger than $1,000
It's not always about how much you make. It's about what you keep.
There are people who make 5 figures that have more net worth and savings than some people who make 6 figures.
Posted on 4/26/18 at 9:20 am to Will Cover
Smarter to buy used at the moment and not have to take such a huge depreciation.
Posted on 4/26/18 at 9:21 am to Hu_Flung_Pu
Thats what i bought. Sticker 49. Paid 42. I love will cover and all his posts but the facts are not correct.
LINK
Car and driver says 51k. Boom
LINK
Car and driver says 51k. Boom
This post was edited on 4/26/18 at 9:23 am
Posted on 4/26/18 at 9:21 am to Will Cover
Economic bubble, foreclosures, etc 2006-2010...dumb people had bad credit...7 years later, their credit back to normal, so they can get in over their heads again.
Posted on 4/26/18 at 9:22 am to Will Cover
Most Americans are too dumb to understand interest.
They push out those loans to 10 years.
“$300 a month for that f250?!?! frick yeah I can afford that.”
They push out those loans to 10 years.
“$300 a month for that f250?!?! frick yeah I can afford that.”
Posted on 4/26/18 at 9:22 am to GeorgeTheGreek
quote:
Smarter to buy used at the moment and not have to take such a huge depreciation.
Depends upon your situation and the vehicle you are choosing to buy.
For instance, a Toyota Tacoma holds it value. Considerably well. So in some cases, it may actually may make better sense to buy a new Tacoma over a 1 or 2 year old Tacoma, depending upon incentives and rebates.
Posted on 4/26/18 at 9:23 am to Nado Jenkins83
quote:
I love will cover and all his posts but the facts are not correct.
If you have an issue with the numbers that I posted (see screenshot), take issue with JD Powers.
I trust the information that they have posted.
Posted on 4/26/18 at 9:23 am to GeorgeTheGreek
quote:
Smarter to buy used at the moment and not have to take such a huge depreciation.
I've been looking for a Cayman GTS and the depreciation in an '18 vs a '16 with very low miles is insane. Like $20-$30K insane.
Posted on 4/26/18 at 9:25 am to Will Cover
Check my link. I know thats an SVT. Maybe they didnt take those into account. 
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