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Started By
Message
re: Car Sales Are Slipping Into Recession-Level Decline
Posted on 6/13/19 at 6:46 pm to Dead Man Walking
Posted on 6/13/19 at 6:46 pm to Dead Man Walking
quote:No. No. No.
You gotta go 96 months out just to make the note affordable on a $40,000 car.
0
Posted on 6/13/19 at 6:47 pm to Obtuse1
quote:
Have you priced boats lately
?
Were they ever affordable?
Posted on 6/13/19 at 7:10 pm to LSUBoo
quote:
Smart money says pay off that mortgage
There is no better fee!ing than being debt free. It may not be the best financial decision to pay off a low interest mortgage on paper but the reduced stress of being debt free is priceless.
Gives you the freedom to job shop, invest a little in a business idea and generally sleep better at night.
Posted on 6/13/19 at 7:16 pm to beerJeep
quote:
I saw a 240 month note on a boat
That's common for airplanes.
Posted on 6/13/19 at 7:21 pm to Jalbow3
quote:
Damned Tacomas have to have the highest resell of all time.
They do and it's great to own one. In 2014, I sold my 2003 Tacoma 4Dr/4WD with 187K miles for $10K. I bought it brand new and kept it immaculate. 4WD Tacomas are the only trucks I've ever owned. They're as solid as they come.
Posted on 6/13/19 at 7:30 pm to beerJeep
quote:
I saw a 240 month note on a boat
Sweden had to limit mortgages to 105 years in 2016 because the average was 140 years.
Posted on 6/13/19 at 7:32 pm to CarolinaGamecock99
Maybe people are sick of paying a $50K base price for a pickup?
Posted on 6/13/19 at 7:37 pm to beerJeep
quote:
I saw a 240 month note on a boat
While on the surface, this is stupid, I was offered the same rate for 36 months as I was for 96 months on a ski.
Paid it off in 17, but you better believe I signed on 96 at 0.99.
Posted on 6/13/19 at 7:43 pm to CarolinaGamecock99
I’m glad I got in with a 06 Nissan Frontier before shite hit the fan with prices, no way in hell would I take out a 84 month loan for a truck. Industry’s build these bubbles and when they bust the same companies are looking for a handout to prevent a so-called bubble bursting.
Posted on 6/13/19 at 7:44 pm to lsu13lsu
quote:
We all know you can invest and get a better return and you are not wrong but consider that there are many ways to get ahead money-wise and everyone's psychology is different.
At least you used the right word, because it’s a feeling. While there are different approaches, mathematics dictates only one objective answer. Pointing out the depreciation is a null point, as it happens either way, and you aren’t ever underwater if you keep liquid assets waiting in standby to offset any loss.
Posted on 6/13/19 at 8:17 pm to AUstar
quote:
Maybe people are sick of paying a $50K base price for a pickup?
Only the OT does this. People in the real world know that the MSRP isn't remotely a reasonable sales price.
Posted on 6/13/19 at 8:24 pm to Areddishfish
quote:this. It is easy to get 150k on a vehicle with minimal maint.
They semi screwed up by making cars much better than say the 80s and 90s
100k used to be a fluke.
A truck or car has a very long life now
Posted on 6/13/19 at 10:24 pm to CarolinaGamecock99
I drive a 2003 minivan with 196k miles on it. Repairs starting to eat me up and I know it's a matter of time before something breaks that's not worth fixing. So probably replacing in next 3-6 months.
So, would love to see prices come on down!!
So, would love to see prices come on down!!
Posted on 6/13/19 at 10:26 pm to Jim Rockford
quote:
nstead of a rear view mirror, my dad's new Silverado has a video screen. It's cool and all, but an improvement? Nah.
That's just more crap to break. And then what?
Posted on 6/13/19 at 10:28 pm to Codythetiger
quote:
I'm about to drop 30 grand in cash on a car at the end of this year
You are in no position to criticize the financial decisions of others.
Posted on 6/13/19 at 10:33 pm to CarolinaGamecock99
quote:
Maybe they should stop making every vehicle cost 40k or more?
You ever heard of the Stinger? Or the Cadenza? They’re sedans that cost over $40k. Oh and they’re KIAS!
Posted on 6/13/19 at 10:35 pm to CarolinaGamecock99
So many of us here ride vehicles every day worth more than "Lambos" etc.
Sorry you suck.
Sorry you suck.
Posted on 6/13/19 at 10:37 pm to Obtuse1
quote:
t ain't helping them that cars last 4-5 times longer than they did 30 years ago.
Actually a good point that gets lost. Lots of mid-2000s vehicles still on the road and still look fine even thought they’re 10-15 years old
Posted on 6/13/19 at 11:17 pm to CarolinaGamecock99
Cars are too expensive. The market is responding that they are tired of the bullshite. Lower the cost of the $35k car you produced for $5k
Posted on 6/14/19 at 1:34 am to Dead Man Walking
quote:
You gotta go 96 months out just to make the note affordable on a $40,000 car.
Nothing wrong with buying a nice used vehicle. You can find 2 year old vehicles with low mileage and still under warranty all day long. Brings the price down considerably.
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