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Car Prices
Posted on 5/22/24 at 12:43 pm
Posted on 5/22/24 at 12:43 pm
In the market for new or almost new Suburban or Yukon and am kind of surprised that prices are still holding where they are. Are dealers getting these prices are do we think they will continue to fall over the rest of the year. What say the OT?
13
Posted on 5/22/24 at 12:45 pm to GITiger66
Can you afford it? If so do it.
Can’t afford it? Buy a smaller or cheaper brand.
Timing the market will only make you miserable
Can’t afford it? Buy a smaller or cheaper brand.
Timing the market will only make you miserable
This post was edited on 5/22/24 at 12:45 pm
Posted on 5/22/24 at 12:46 pm to GITiger66
Well how bad do you need a new human moving wagon?
Posted on 5/22/24 at 12:52 pm to GITiger66
My friend just bought a Denali suburban...$100,000+. Crazy.
Posted on 5/22/24 at 12:57 pm to GITiger66
quote:is this an either are question?
Are dealers getting these prices are do we think they will continue to fall over the rest of the year. What say the OT?
Posted on 5/22/24 at 1:07 pm to GITiger66
Used cars have dropped like a rock over the past 24 months.
New car MSRPs are still high af, but there’s way more supply now so ADMs have either come down or no longer exist on most models.
I bought a brand new vehicle for 8% below msrp two months ago.
New car MSRPs are still high af, but there’s way more supply now so ADMs have either come down or no longer exist on most models.
I bought a brand new vehicle for 8% below msrp two months ago.
Posted on 5/22/24 at 1:10 pm to GITiger66
I’d do everything I could to hold off on buying a new vehicle right now.
Posted on 5/22/24 at 1:12 pm to GITiger66
In before someone tells you to buy a Toyota.
Posted on 5/22/24 at 1:14 pm to GITiger66
Why do you need a new car? What’s wrong with your current one? Can you afford to pay cash? Why do you need a suburban vs something a lot more affordable?
Posted on 5/22/24 at 1:17 pm to GITiger66
My God I am tired of seeing these posts
Posted on 5/22/24 at 1:20 pm to BabyTac
quote:
Can you afford to pay cash?
If you can get a car loan at below 3% interest it would be dumb to pay cash. I can park my money in a savings account and get 5% right now. Why would I give up 2% on that money if I can easily afford the note?
Posted on 5/22/24 at 1:31 pm to lsufan1971
quote:
If you can get a car loan at below 3% interest it would be dumb to pay cash
link to where I can get a new car loan for 3%?
Posted on 5/22/24 at 1:33 pm to GITiger66
quote:
n the market for new or almost new Suburban or Yukon and am kind of surprised that prices are still holding where they are. Are dealers getting these prices are do we think they will continue to fall over the rest of the year. What say the OT?
I've been price watching Tahoe's and Yukons for 2 years now, and nothing has changed. As long as people keep paying outrageous prices for vehicles, the dealers and mfg's are going to continue to bend consumers over. I keep hearing that the bubble will burst, but I have yet to see any evidence of it on Chevy/GM SUV/Truck side.
Posted on 5/22/24 at 1:33 pm to Hangover Haven
quote:
before someone tells you to buy a Toyota.
Would be a better choice
Posted on 5/22/24 at 1:39 pm to Delacroix
quote:
link to where I can get a new car loan for 3%?
There are some incentives (I think Mazda had one) for like 1.9% financing but it was for 36 months.
So unless you put a very large downpayment down, your month to month payment will still be high as giraffe pussy
Posted on 5/22/24 at 1:44 pm to GITiger66
It is slowly becoming a buyers market. Some dealers are embracing it and some are still high on the Covid kool-aid.
Wholesale used prices are coming down and the Spring selling season was a bust. Auctions are seeing an increased number of vehicles coming through from new dealer lots. They are needing to dump used inventory, because their new cars are filling up the lots. The floor plan interest is killing them as well.
Summer is a slow time for car sales, you should see prices drift down.
Wholesale used prices are coming down and the Spring selling season was a bust. Auctions are seeing an increased number of vehicles coming through from new dealer lots. They are needing to dump used inventory, because their new cars are filling up the lots. The floor plan interest is killing them as well.
Summer is a slow time for car sales, you should see prices drift down.
Posted on 5/22/24 at 1:46 pm to kywildcatfanone
quote:
quote:
before someone tells you to buy a Toyota.
Would be a better choice
It was until they started putting Turbo V6's in all their SUV's and Trucks.
Posted on 5/22/24 at 1:59 pm to GITiger66
This isn’t true, just go on dealers websites and you can see them advertising 3-4K off of MSRP for tahoes right now. They weren’t doing that a year ago. Still overpriced, yes, but they are starting to cave and if you can wait until the end of the year I would think there will be some good deals to be had on 24s. 25s are getting a refresh so no one will want the leftover 24s.
Posted on 5/22/24 at 2:05 pm to JohnnyKilroy
quote:
Used cars have dropped like a rock over the past 24 months.
I don’t really believe this. Like a rock might be an exaggeration
Posted on 5/22/24 at 2:15 pm to GITiger66
If you can't afford, or don't want to afford, the Suburban, they can always ship it to Texas to sell it. New ones popping up in every neighborhood.
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