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re: Car Sales Are Slipping Into Recession-Level Decline

Posted on 6/14/19 at 8:21 am to
Posted by LNCHBOX
70448
Member since Jun 2009
89369 posts
Posted on 6/14/19 at 8:21 am to
quote:

I keep hearing about these cars that last forever. I don't seem to be the one buying them.




It's probably you. My parents are awful on vehicles and get more mileage out of their cars than you do. Although, I will give you pass for the Honda, they had some transmission problems a decade or so ago.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/14/19 at 8:22 am to
quote:

You are under the assumption you can pick an investment that will create better than 3.8% return for 20 years.


Are you implying this is hard to do? Over the course of the last 120 years it has been damn near impossible to best 3.8% in the market over that time frame.
Posted by Gulf Coast Tiger
Ms Gulf Coast
Member since Jan 2004
21758 posts
Posted on 6/14/19 at 8:23 am to
Cars last 200-300K miles now and new ones aren't cheap.
Posted by i am dan
NC
Member since Aug 2011
32361 posts
Posted on 6/14/19 at 8:24 am to
quote:

Well some of the higher end models were up there, i'm not saying all trucks are 55k but I couldn't find many decent ones under 33k


The loaner the dealership gave me yesterday while my car's transmission is getting replaced is a 2019 Ford F150 FX4 Super Crew Cab. That thing drives and rides pretty damn good.

Found the window sticker behind the seat.. $52,411. It has about every option other than leather. Weird to me it doesn't have leather at that trim level.
Posted by 777Tiger
Member since Mar 2011
93541 posts
Posted on 6/14/19 at 8:26 am to
quote:

Weird to me it doesn't have leather at that trim level.

if it is the King Ranch leather that's probably why, cheapest, worst quality leather I've ever seen in a vehicle, not sure why the stick with it
Posted by i am dan
NC
Member since Aug 2011
32361 posts
Posted on 6/14/19 at 8:27 am to
quote:

It's probably you. My parents are awful on vehicles and get more mileage out of their cars than you do. Although, I will give you pass for the Honda, they had some transmission problems a decade or so ago.


How it it me? I'm not some young kid racing it around doing jackrabbit starts and treating the cars like crap. I drive as easy on cars as anyone.

Transmission problems probably go to JATCO, the company that makes all these failing CVT tranmsissions for everyone other than Toyota and Honda (these two companies have their own transmission manufacturing).
Posted by LNCHBOX
70448
Member since Jun 2009
89369 posts
Posted on 6/14/19 at 8:28 am to
quote:

if it is the King Ranch leather that's probably why, cheapest, worst quality leather I've ever seen in a vehicle, not sure why the stick with it


I'd bet just about anything it's an XLT, and is missing many more options than just the leather.
Posted by GreatLakesTiger24
Member since May 2012
61505 posts
Posted on 6/14/19 at 8:29 am to
I just bought and a new, small car for less than 13k OTD. Power everything, back up can, apple car play, etc.

I’ve been told that can’t happen tho
Posted by LNCHBOX
70448
Member since Jun 2009
89369 posts
Posted on 6/14/19 at 8:29 am to
quote:

How it it me?


You have 3 vehicles with premature transmission issues.
quote:

the company that makes all these failing CVT tranmsissions for everyone other than Toyota and Honda (these two companies have their own transmission manufacturing).


Oh good, the CVT boogieman is coming up now.
Posted by LNCHBOX
70448
Member since Jun 2009
89369 posts
Posted on 6/14/19 at 8:30 am to
quote:

I just bought and a new, small car for less than 13k OTD. Power everything, back up can, apple car play, etc.

I’ve been told that can’t happen tho


Without knowing your down payment, that doesn't mean much
Posted by GreatLakesTiger24
Member since May 2012
61505 posts
Posted on 6/14/19 at 8:34 am to
4K. Amount financed about 9k

Maybe I misused OTD. I’d have to look at the contract

Forgot about 2k trade, but regardless, there are cheap new cars to be had... they just ain’t what you want to be seen in
This post was edited on 6/14/19 at 8:36 am
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 6/14/19 at 8:36 am to
(no message)
This post was edited on 2/7/25 at 7:36 pm
Posted by GreatLakesTiger24
Member since May 2012
61505 posts
Posted on 6/14/19 at 8:37 am to
Chevy Cruze
Posted by LNCHBOX
70448
Member since Jun 2009
89369 posts
Posted on 6/14/19 at 8:37 am to
quote:

but regardless, there are cheap new cars to be had... they just ain’t what you want to be seen in
No doubt. Those cars exist, but the OT is only concerned with the high end trims.
Posted by LNCHBOX
70448
Member since Jun 2009
89369 posts
Posted on 6/14/19 at 8:38 am to
quote:

Chevy Cruze


Had one as a long term rental when some drunk chick ran into my parked car. I was surprised with how nice it is. I think the new ones are pretty sharp too.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/14/19 at 9:06 am to
quote:

regardless, there are cheap new cars to be had... they just ain’t what you want to be seen in


The OT wants cheaper cars, but they also think back up cameras, Apple car play, etc are standard. They still make the plain Jane base model 4 door truck that you could buy 15 years ago, and it's not any more expensive in real dollars today than it was then. The difference is there's 10k worth of electronics in the "standard" models of today.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86686 posts
Posted on 6/14/19 at 9:08 am to
quote:

They still make the plain Jane base model 4 door truck that you could buy 15 years ago, and it's not any more expensive in real dollars today than it was then. The difference is there's 10k worth of electronics in the "standard" models of today.



Yep. This is all my Dad buys.

I didn't know they still made vehicles with manual windows, but my Dad still manages to find them
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43531 posts
Posted on 6/14/19 at 9:09 am to
quote:

Chevy Cruze


While you did disprove the premise people were throwing around in here, I can count on one hand how many people would actually want to drive that.

But that discussion is probably for another thread.

You can def get new vehicles in the 18-22k range factoring in haggling and discounts. It's just the kind of car people won't absolutely have to have.
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 6/14/19 at 9:22 am to
FWIW, data from LendingTree

quote:

The average auto loan term in the third quarter of 2018 was 68.5 months, a half-month increase from one earlier.
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 6/14/19 at 9:23 am to
quote:

The difference is there's $500 worth of electronics in the "standard" models of today that they charge $10k for.


Seriously, a 4 year old iPad has more tech in it than vehicles today.
This post was edited on 6/14/19 at 9:24 am
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