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Started By
Message
re: Car Sales Are Slipping Into Recession-Level Decline
Posted on 6/13/19 at 3:53 pm to spslayto
Posted on 6/13/19 at 3:53 pm to spslayto
quote:
Right now I drive a 2007 Tacoma which I got right after high school for $19,000
I'm still driving an 07 Tacoma too. Bought it used in 08 for about $17,000. Probably double that price to get a new one now. Not going to do it!!!!
Damned Tacomas have to have the highest resell of all time. I just bought a 2007 TRD Crew cab Prerunner for the stepson for $13k with 130k miles. That was the best deal as far as mileage/price and almost as much as y'all paid 11 years ago.
1
Posted on 6/13/19 at 3:59 pm to jchamil
quote:
I feel like you do with my house. If I came into enough money tomorrow to pay off my mortgage, I'm paying that sucker off as soon as I can. I know financially I should invest, but that is a peace of mind that I would forgo some earning potential in order to have
frick. That.
I'm as debt-averse as a lot of folks, but that scenario is one I cannot get behind.
My mortgage is like 3.8% for the next 20+ years. If someone plopped a few hundred thousand in front of me, it's being invested. I'll continue to pay my mortgage.
Posted on 6/13/19 at 4:02 pm to TheCaterpillar
quote:
Cars are absurdly expensive, last longer than ever
It makes sense to raise the cost if they last longer. I’m not suggesting it’s a 1:1 ratio, but if you take the cost per year it might be reasonable.
Meaning $30k for a car that lasts 5 years vs $50k for a car that last 8 years.
Posted on 6/13/19 at 4:14 pm to CarolinaGamecock99
fricking Millennials.
Has anyone said that yet?
Has anyone said that yet?
Posted on 6/13/19 at 4:19 pm to Codythetiger
quote:
Codythetiger
I didn't know you are a lesbian.
Posted on 6/13/19 at 4:22 pm to CarolinaGamecock99
They're too expensive, and maybe there are no longer enough morons unwilling to finance a car for 120 months.
Posted on 6/13/19 at 4:28 pm to CarolinaGamecock99
When I buy a car, I want a comfortable car that's dependable. I can care less about all these new gadgets they are putting on cars. Just build me a regular car that doesn't have a bunch of cabin noise and takes bumps well. I just need power windows, locks, leather and moonroof.
it's crazy that a four cylinder ranger and a 4-cylinder Blazer can cost almost 50,000 with options
it's crazy that a four cylinder ranger and a 4-cylinder Blazer can cost almost 50,000 with options
Posted on 6/13/19 at 4:30 pm to CarolinaGamecock99
Maybe more people like me- holding onto my 15 yr old Toyota as long as I can. Hopefully 2 or more years. No note, less insurance, and still drives like a champ. Had 1 expensive repair in its life. Just maintain it and it'll keep going.
Meanwhile the wife's 2017 Nissan has been to the mechanic twice already....
Meanwhile the wife's 2017 Nissan has been to the mechanic twice already....
Posted on 6/13/19 at 4:31 pm to LNCHBOX
quote:
Same thing with your midsized sedan/crossover comment. Camrys and Accord start under $20k.
Except they don't:
Base Camry: $24,095
Base Accord: $23,720
I take your point that the $35k+ models are the top of their lines and represent a small portion of total sales, but when the top of the line models increase in price, so do the base models.
Sub $20k today puts you in the base Civic ($19,450), and base Corolla ($19,500).
Posted on 6/13/19 at 4:35 pm to Dead Man Walking
quote:
You gotta go 96 months out just to make the note affordable on a $40,000 car.
4% 10k-down / O-down
36 $885 / $1180
48 $677 / $903
60 $552 / $736
72 $469 / $625
84 $410 / $546
96 $365 / $481
Posted on 6/13/19 at 4:54 pm to TheCaterpillar
quote:
Cars are absurdly expensive, last longer than ever, and the market place is as competitive as ever.
I'm not buying they last longer. Dealerships and auto shops are backed up every where because of the need to fix cars and the low amount of skilled mechanics out there.
For every tundra that last over 250k Miles, there are even more that need serious work under 100k.
Posted on 6/13/19 at 5:00 pm to whatiknowsofar
That's insane. I wouldn't have a car note over $250.
Posted on 6/13/19 at 5:04 pm to bagboy333
I just found a '13 Corolla with only 15k miles for $13,000 on Carvana.
That'd be a good purchase in this market.
That'd be a good purchase in this market.
Posted on 6/13/19 at 5:05 pm to CarolinaGamecock99
quote:
Maybe they should stop making every vehicle cost 40k or more?
They are expensive in part because the federal government demands high fuel efficiency targets...so automakers now make tiny twin turbo engines with start/stop, cylinder deactivation, and aluminum bodies.
Posted on 6/13/19 at 5:07 pm to Dead Man Walking
quote:
You gotta go 96 months out just to make the note affordable on a $40,000 car.
I hope this is a troll or I have some serious concerns about your future.
Posted on 6/13/19 at 5:11 pm to lnomm34
quote:
I'm as debt-averse as a lot of folks, but that scenario is one I cannot get behind.
My mortgage is like 3.8% for the next 20+ years. If someone plopped a few hundred thousand in front of me, it's being invested. I'll continue to pay my mortgage.
Smart money says pay off that mortgage and take what you would have paid on the mortgage every month and invest it.
Assuming no other debts to be dealt with first.
Posted on 6/13/19 at 5:13 pm to LSUBoo
quote:
Smart money says pay off that mortgage and take what you would have paid on the mortgage every month and invest it.
There's no way for you to know that without knowing the rate (which is probably low if it's a mortgage).
Posted on 6/13/19 at 5:13 pm to tigahbruh
quote:
Maybe more people like me- holding onto my 15 yr old Toyota as long as I can. Hopefully 2 or more years. No note, less insurance, and still drives like a champ.
I'm hoping my 2013 4Runner can make it at least 15 years. It's paid off, only around 37k miles since we drive my wife's Mazda more often, so no reason it can't keep on cruising.
Posted on 6/13/19 at 5:15 pm to ibldprplgld
You can get a toyota yaris for $16k.
Posted on 6/13/19 at 5:21 pm to CarolinaGamecock99
I don’t have any expertise in this area but I have two guesses as to what is causing this:
1. Most vehicles are very well made these days and with even routine maintenance, they can last damn near forever.
2. New vehicle prices are absolutely ridiculous. Even if someone can afford an off the lot vehicle, they are suckers if they buy one.
1. Most vehicles are very well made these days and with even routine maintenance, they can last damn near forever.
2. New vehicle prices are absolutely ridiculous. Even if someone can afford an off the lot vehicle, they are suckers if they buy one.
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