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Message
Anyone shop for a new vehicle lately?
Posted on 9/26/22 at 6:21 am
Posted on 9/26/22 at 6:21 am
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?
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?
25
Posted on 9/26/22 at 6:27 am to BabyTac
Wait
Posted on 9/26/22 at 6:36 am to BabyTac
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.
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 9/26/22 at 6:57 am
Posted on 9/26/22 at 6:37 am to BabyTac
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.
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 9/26/22 at 6:40 am
Posted on 9/26/22 at 6:37 am to BabyTac
Market is going down for higher priced vehicles
Posted on 9/26/22 at 6:40 am to TheSadvocate
Agreed
I think the luxury market is stabilizing somewhat
The used market seems to still be high
I think the luxury market is stabilizing somewhat
The used market seems to still be high
Posted on 9/26/22 at 6:43 am to BabyTac
What's wrong with your old one?
Posted on 9/26/22 at 6:44 am to BabyTac
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.
Your hot and new releases are still MSRP and up, however not as crazy.
Prices across the board are higher of course from inflation.
Posted on 9/26/22 at 6:49 am to BabyTac
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.
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.
Posted on 9/26/22 at 6:49 am to DarthRebel
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.
Posted on 9/26/22 at 6:53 am to TSmith
"I would wait. "
But you didn't wait..
But you didn't wait..
Posted on 9/26/22 at 7:00 am to BabyTac
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
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 9/26/22 at 7:06 am
Posted on 9/26/22 at 7:03 am to GurleyGirl
quote:
Wait
Isn’t the interest rate going to jump up soon?
Posted on 9/26/22 at 7:05 am to upgrade
Went up last week
Posted on 9/26/22 at 7:17 am to TeaParty
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
Posted on 9/26/22 at 7:29 am to BabyTac
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.
Posted on 9/26/22 at 7:33 am to upgrade
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.
Posted on 9/26/22 at 7:41 am to BabyTac
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.
Posted on 9/26/22 at 7:49 am to BabyTac
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.)
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.)
Posted on 9/26/22 at 8:00 am to BabyTac
A new 2023 Toyota Corolla costs the same that my AWD Rav4 did brand new in 2016.
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