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re: A small "sample" look at car pricing from 2010 to 2018
Posted on 4/26/18 at 10:41 am to Will Cover
Posted on 4/26/18 at 10:41 am to Will Cover
It tried to bust in late 2000’s but the govt bailed them out. So no reason for the price of vehicles to adjust to buyer’s demands.
2
Posted on 4/26/18 at 10:47 am to Jack Daniel
Bailouts had more to do with factors other than vehicle pricing. Sales declines from housing/financial market crash + underfunded pensions and high salaries I think were the main factors.
ETA: the bailouts also applied only to a handful of manufacturers. Imports I’m sure have increased msrp equally with their domestic competitors.
ETA: the bailouts also applied only to a handful of manufacturers. Imports I’m sure have increased msrp equally with their domestic competitors.
This post was edited on 4/26/18 at 10:49 am
Posted on 4/26/18 at 10:48 am to Will Cover
quote:
what used to be a 60 month "norm" auto loan has not been stretched out to 84 months.
People are fricking stupid.
Posted on 4/26/18 at 10:55 am to Jack Daniel
quote:
So no reason for the price of vehicles to adjust to buyer’s demands.
In 2010, Ford sold 528,349 F series trucks. In 2017, Ford sold 896,764 F series trucks. Sales have increased ever year in that time from as well. Doesn't seem like buyers are demanding what you think they are.
Data
Posted on 4/26/18 at 11:05 am to LNCHBOX
quote:
And when my interest rate is 0% and I got the rebates in addition to the 0% financing?
That's the issue with your one size fits all way of thinking.
It wasn't a one size fits all way of thinking. To clarify my earlier post: If you have to finance a car for more than 3 years so you can afford the note and still afford to eat, pay your mortgage/rent, light bill, etc. then you cannot afford the car.
To your point, yes, there are circumstances when financing is smart because your money will grow more where it is. But generally speaking, that's not where the majority of Americans are, and was not my point. Hopefully my clarification helps.
Posted on 4/26/18 at 11:11 am to ibldprplgld
quote:
To clarify my earlier post: If you have to finance a car for more than 3 years so you can afford the note and still afford to eat, pay your mortgage/rent, light bill, etc. then you cannot afford the car.
I guess I'm just curious why 36 payments is your cutoff for actually affording it? Why not 24? Why not 48?
Posted on 4/26/18 at 11:22 am to Will Cover
quote:
When does it end?
When the consumer stops paying the inflated price...
Posted on 4/26/18 at 11:29 am to Will Cover
I mean, that's only a 4% annual increase in the price of the vehicle. Is that supposed to be a lot?
Posted on 4/26/18 at 11:40 am to AUjim
quote:
Loans will get pushed out to 96 months and prices will keep on keepin on...
looks like we all should have been car salesman. Vehicles are ripping americans off.
Posted on 4/26/18 at 11:41 am to Will Cover
quote:
In 2010, the Ford F-150 for the highest model available had a starting MSRP of $46,740
My 2010 F150 XLT MSRP was not this high. Something is wrong here.
ETA - As long as consumers are willing to pay they will continue to raise the price. All about the demand for the extras.
This post was edited on 4/26/18 at 11:44 am
Posted on 4/26/18 at 12:00 pm to tigerbutt
quote:
My 2010 F150 XLT
quote:
highest model available
Posted on 4/26/18 at 12:07 pm to jordan21210
quote:
Just read through - this was shockingly not mentioned
Did you miss my posts on page 2?
Posted on 4/26/18 at 12:17 pm to Will Cover
quote:
quote:
quote:
Damn Will.
11 arrows
Looks like you just discovered an arrow drawing tool
Posted on 4/26/18 at 12:34 pm to LNCHBOX
Touché. I scanned too quick on that page
Posted on 4/26/18 at 12:35 pm to Will Cover
Cash for clunkers fricked everyone’s perception of what cars are worth.
Posted on 4/26/18 at 12:37 pm to SPEEDY
He is still technically wrong with his 7/10 poster statement.
I doubt TD represents a regular cross-section of the general population. Probably more college educated folks.
Also this is the OT, so everyone has 200k in their checking for spending money.
I doubt TD represents a regular cross-section of the general population. Probably more college educated folks.
Also this is the OT, so everyone has 200k in their checking for spending money.
Posted on 4/26/18 at 1:17 pm to tigercross
quote:uhh... Yes
I mean, that's only a 4% annual increase in the price of the vehicle. Is that supposed to be a lot?
Posted on 4/26/18 at 2:03 pm to Will Cover
Posted on 4/26/18 at 2:59 pm to Will Cover
quote:
Nearly 7 out of 10 posters in this forum and our neighbors are living to paycheck to paycheck and could not come up with $1000 in cash in the event of an emergency.
Our household on paper income took a dip to right below 100k this year. I could likely come up with half that in a few hours or so in cash. Triple that if given a day.
Yet we live paycheck to paycheck. Drive used cars. Have a tiny home. Generally live within our means. My checking account has maybe $100 bucks in it right now. And 50 bucks is going into savings tomorrow.
Properly budgeting goes a long way.
Working my arse off in my early 20s goes farther.
Posted on 4/26/18 at 10:17 pm to PearlJam
So you would consider it a large increase if I told you I would sell you a car today for $10k or essentially the same car, only with better technology, for $12.2k in 5 years?
This post was edited on 4/26/18 at 10:18 pm
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