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re: Anyone buying new car during these times?
Posted on 5/21/20 at 12:22 pm to notiger1997
Posted on 5/21/20 at 12:22 pm to notiger1997
quote:
Five years ago I swore I was going to buy a three or four year old truck.
I saved 20K each on 2 LTZ Tahoes.
3
Posted on 5/21/20 at 12:23 pm to LSUAlum2001
quote:
I saved 20K each on 2 LTZ Tahoes.
My new truck cost me $24K and it's the most expensive vehicle I've ever purchased.
Posted on 5/21/20 at 12:43 pm to MIKEDATIGER
I would...if there was a “real” deal....to be had.
Posted on 5/21/20 at 12:45 pm to MSTiger33
Anything new for 2021?
Posted on 5/21/20 at 12:54 pm to Gaston
waiting to trade 2016 Yukon for 2021, should be out soon
Posted on 5/21/20 at 1:15 pm to LNCHBOX
quote:
With that in mind, you should then only be focused on the vehicle's price, your trade in value, and any rebates. You should also pay close attention to any bullshite fees they try to tack on above tax, title and, license.
This is something people say to keep people from falling into a trap, but it’s a bit more complicated when you start looking at these 0% APR deals. Rough math.. on a $35,000 car with a $10,000 down payment, you can lose ~$2,700 in rebates and break even with 60 months at 0% APR compared to 4.0%.
Posted on 5/21/20 at 1:20 pm to LSUAlum2001
quote:
I've gone certified pre-owned the last 15 years.
Who offers the best CPO in your opinion , what have you bought ?
Heard Lexus is the best CPO
Posted on 5/21/20 at 1:23 pm to soccerfüt
quote:
buying a new car (especially on credit)
please detail me the harm in buying a new car for a high school kid w/ 0% interest credit for a vehicle that would last well past the kid's college days?
Posted on 5/21/20 at 1:24 pm to LSUAlum2001
quote:
I saved 20K each on 2 LTZ Tahoes.
you got zero street kred with the carline moms in mandeville.
Posted on 5/21/20 at 1:29 pm to MIKEDATIGER
Find a sub $5k high mileage used car from a private seller. One teenage child totaled his first car the other kid got in 3 fender benders in 2 years.
Posted on 5/21/20 at 1:30 pm to LSUAlum2001
quote:
I saved 20K each on 2 LTZ Tahoes.
$20k compared to the street price, new, for the same year model with the same options?
Posted on 5/21/20 at 1:32 pm to MIKEDATIGER
Negative.
Have quite a few purchases I'd like to make. Lack of confidence in job situation long term due to supply chain issues for business I work for.
No spending any cash until clearer skies.
Have quite a few purchases I'd like to make. Lack of confidence in job situation long term due to supply chain issues for business I work for.
No spending any cash until clearer skies.
Posted on 5/21/20 at 1:36 pm to MIKEDATIGER
Got a kid starting college this fall and we will need to get a vehicle. We had started pricing smaller SUVs a few months back and I think we can get what we want for around $14K.
Got nervous about the job situation so we've put it on hold.
Hopefully used prices come down some more and we can purchase in July.
The damn insurance is what's going to beat my arse.
Got nervous about the job situation so we've put it on hold.
Hopefully used prices come down some more and we can purchase in July.
The damn insurance is what's going to beat my arse.
This post was edited on 5/21/20 at 1:40 pm
Posted on 5/21/20 at 1:37 pm to MIKEDATIGER
I bought a 4Runner right before everything went crazy. IDK if that means good timing or bad. 
edit: it was a used car so to answer your question no.
edit: it was a used car so to answer your question no.
This post was edited on 5/21/20 at 1:56 pm
Posted on 5/21/20 at 1:57 pm to Chad504boy
quote:
please detail me the harm in buying a new car for a high school kid w/ 0% interest credit for a vehicle that would last well past the kid's college days?
Insurance rates for one.
Posted on 5/21/20 at 1:59 pm to notiger1997
quote:
My new truck cost me $24K and it's the most expensive vehicle I've ever purchased.
paid the same price for mine in 2014. Wasn't the most expensive vehicle but by far the best value.
2013 Ram 1500 5.7L with 160K repair free miles so far
This post was edited on 5/21/20 at 2:00 pm
Posted on 5/21/20 at 2:07 pm to MIKEDATIGER
You want to buy a 2011 Cadillac SRX? Great condition with 80k on it. 9k
Posted on 5/21/20 at 2:33 pm to Chad504boy
quote:
please detail me the harm in buying a new car for a high school kid w/ 0% interest credit for a vehicle that would last well past the kid's college days?
Do you really not see any issues with buying a vehicle for a 16 year old girl on 84 month financing? Yes, I realize it’s 0% APR. But it’s still a 7 year loan on a high school kid’s vehicle.
What kind of personal finance example does that set? What about the risk of her totaling it before it’s paid off? What about the insurance rates on new vs. used?
It’s one thing if you’re loaded but he specifically said “not an OT baller” and said that he wasn’t looking at used vehicles because “financing will suck”.
Posted on 5/21/20 at 2:35 pm to RTRinTampa
quote:
Insurance rates for one.
has little to do with new car or not. VERY LITTLE.
Posted on 5/21/20 at 2:37 pm to lostinbr
quote:
Do you really not see any issues with buying a vehicle for a 16 year old girl on 84 month financing? Yes, I realize it’s 0% APR
No, its free money at 0%. You take it everytime.
quote:
What kind of personal finance example does that set?
pretty smart one. its a majority of the time parents buying the car regardless.
quote:
What about the insurance rates on new vs. used?
what about them?
quote:
because “financing will suck”.
0% is legit.
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