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BabyTac
Louisiana Tech Fan
Austin, TX
Member since Jun 2008
9578 posts

Anyone shop for a new vehicle lately?

Just curious if the overpriced market is starting to crash? Saw a commercial this morning RAM is offering 0% interest for 72 months.

On another note, how confident do you feel buying a 2021/2022 model considering all the shortcuts manufactures were taking during the labor and supply chain shortages?


GurleyGirl
Georgia Fan
Georgia
Member since Nov 2015
12465 posts

Wait


Rize
Texas Fan
Baton Rouge
Member since Sep 2011
13711 posts

I bought a 2022 F-250 in August of 21 and it came in back in April.

AC went out at 1000 miles in August. Had to drive 3 hrs back from Beaumont with the windows down and sit in bridge traffic

Dealer was fine and gave me 4% off my special order and did not charge me for the price increases during the months it was on order.
This post was edited on 9/26 at 6:57 am


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513
Palmetto98
Clemson Fan
Where the stars are big and bright
Member since Nov 2021
2145 posts

It’s not going to crash. The doomers on YouTube have been saying that shvt since Moses walked on this earth. I used to work for Finance up in the big 3, none of that shvt is true. 0% right now is pretty good, so I would definitely capitalize on that.

I think rebates are a thing of the past, but I was able to get my 2022 F150 at 1.9% off the lot. You just have to do more shopping around these days.
This post was edited on 9/26 at 6:40 am


TheSadvocate
Baton Rouge
Member since Aug 2020
2379 posts

Market is going down for higher priced vehicles


SlidellCajun
LSU Fan
Slidell la
Member since May 2019
8281 posts

Agreed
I think the luxury market is stabilizing somewhat

The used market seems to still be high


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32
redstick13
US Space Force Fan
Continental US
Member since Feb 2007
35258 posts
 Online 

What's wrong with your old one?


DarthRebel
Ole Miss Fan
Tier Five is Alive
Member since Feb 2013
19519 posts

There are plenty of dealers out there doing under MSRP for your standard lines of cars/trucks.

Your hot and new releases are still MSRP and up, however not as crazy.

Prices across the board are higher of course from inflation.



TSmith
LSU Fan
New Orleans, La.
Member since Jan 2004
1464 posts

Ordered an F150 back on Feb 9th. Just picked it up last week. I was lucky and locked in some discounts and pricing. It all amounted to about $7K off.

If I were to do it all over again today, I’d have to spend $7-8K more. Mostly due to inflation and regular price bumps that seem to happen monthly at this point. Manufacturers will have to start offering incentives at some point in the coming months. They have no choice. I would wait.


High C
USA Fan
viewing the fall....
Member since Nov 2012
48300 posts

I have a 2023 Tacoma that will be at the dealership in mid-October. Paying straight MSRP with 2.9% for 48 months. I had no choice, my 2004 Frontier finally bit the dust.


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USA
Member since 2001
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windmill
LSU Fan
Prairieville, La
Member since Dec 2005
6340 posts

"I would wait. "

But you didn't wait..


TeaParty
Member since May 2022
866 posts
 Online 

Ordered a 2022 Challenger. MSRP minus incentives available at delivery. Also have another vehicle on the way that will not be made in 2023. 6 months since this vehicle was ordered. My neighbor had a Colorado ordered and after months of waiting was informed they are not making the long bed version. Had to settle and wait on a short bed.

Challenger is running fine and no one I know is having any issues that are pointed to Covid or supply chain issues. 2023 Challengers are going to be somewhat limited and going to higher volume dealers. So I doubt a 23 would have been in the picture for me.

I don't see why it would crash. Vehicles are pretty much sold as they are made. Many people want ICE not EV's so they are ordering now to get what may be the few remaining years of ICE
This post was edited on 9/26 at 7:06 am


upgrade
LSU Fan
Member since Jul 2011
10631 posts
 Online 

quote:

Wait



Isn’t the interest rate going to jump up soon?


ThatTahoeOverThere
Member since Nov 2021
1967 posts

Went up last week


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Palmetto98
Clemson Fan
Where the stars are big and bright
Member since Nov 2021
2145 posts

quote:

I don't see why it would crash. Vehicles are pretty much sold as they are made. Many people want ICE not EV's so they are ordering now to get what may be the few remaining years of ICE


Get ready to be downvoted by the tin foil hat auto repo doomer crowd


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414
Naked Bootleg
Oklahoma Fan
Member since Jul 2021
1027 posts

quote:

On another note, how confident do you feel buying a 2021/2022 model considering all the shortcuts manufactures were taking during the labor and supply chain shortages?


I work for a manufacturing organization. This is a real concern. Assembly quality may not have taken a dip but the quality of Asia-sourced electronic parts has diminished in the past 20 months. We now have to test all sorts of things which “passed” the manufacturer’s QA. Can’t rely on that anymore.


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go ta hell ole miss
Ole Miss Fan
Member since Jan 2007
12804 posts

quote:

Isn’t the interest rate going to jump up soon?


A regular finance (no incentive) is about 5-5.25% right now with great credit.


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DCtiger1
LSU Fan
Panama City Beach
Member since Jul 2009
6860 posts

Just bought a 2022 Expedition a few weeks ago. I wouldn’t worry about prices on New vehicles going down. The used inventory market is going to take a hit. Dealers don’t have a ton of confidence that the values will hold. The first of the year will give a better picture.


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Swamp Angel
LSU Fan
Lawrenceville, GA
Member since Jul 2004
5865 posts

Interest rates of 0.0% on car loans was pretty common back in the mid-80s. Car sales were down due to the inflation during the Carter years (and early Reagan years when it was getting reined in somewhat). The 0% financing helped jumpstart car sales at the time. The difference is that runaway inflation had been checked when this occurred in the 80s. So far, this time around, still running rampant with no end in sight.

Watch it closely and see how it plays out.

Insofar as purchasing a new car or recent model, I'd trust Toyota or Nissan more than I'd trust US manufacturers for quality. (I really don't like to say that as I'm a fervent advocate of "buy American," but our domestic manufacturers need to build a track record turning out quality, long-lasting products again.)


GetCocky11
South Carolina Fan
Truth or Consequences, NM
Member since Oct 2012
47764 posts
 Online 

A new 2023 Toyota Corolla costs the same that my AWD Rav4 did brand new in 2016.


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