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re: Car Sales Are Slipping Into Recession-Level Decline

Posted on 6/14/19 at 3:21 am to
Posted by stelly1025
Lafayette
Member since May 2012
8509 posts
Posted on 6/14/19 at 3:21 am to
You mean more people aren't willing to finance a 78K vehicle for 84 months? Shocking.
Posted by 187undercover
Member since May 2019
1538 posts
Posted on 6/14/19 at 3:58 am to
We will print more money and government will spend more money.

We will continue to say the economy is so strong as we do with all presidents.

It is all papered over. Fiat money and debt based currency at its finest.
Posted by crazyLSUstudent
391 miles away from Tiger Stadium
Member since Mar 2012
5515 posts
Posted on 6/14/19 at 4:31 am to
You should be able to do better than 4% on a loan. I got that for a used vehicle
Posted by johnnyrocket
Ghetto once known as Baton Rouge
Member since Apr 2013
9790 posts
Posted on 6/14/19 at 5:39 am to
In the 80’s you could buy a single cab Toyota, Nissan, Isuzu, Mazda, or Mitsubishi/ Dodge under $10k most around $5k to $7k for loaded ones.

Mazda use to have a commercial only Mazda has a truck for just $5795 that’s a nice price.

I thought paying $119 for a Ford Ranger with California emissions for 5 yrs versus Toyota guys paying $99 a month was a lot of money back then.

Times have changed.
This post was edited on 6/14/19 at 6:30 am
Posted by Frenchdip
Member since Jun 2019
128 posts
Posted on 6/14/19 at 6:14 am to
Brand new fully loaded F-250 should cost $37,500.
Posted by Bronson2017
Birmingham
Member since Feb 2019
1908 posts
Posted on 6/14/19 at 6:23 am to
When a Honda civic starts going for upper $20k's you know you have gone full retard. Don't even get me started on trucks...
Posted by ItNeverRains
37069
Member since Oct 2007
25444 posts
Posted on 6/14/19 at 6:40 am to
The market will eventually correct itself. It did with silly loans for overpriced real estate a decade ago, the auto industry is long overdue for one. The question is will they prop it up again via bail out "cash for clunkers 2.0" or will they let the market correct on its own?

Posted by CoachChappy
Member since May 2013
32535 posts
Posted on 6/14/19 at 6:44 am to
quote:

I saw a 240 month note on a boa

I had never heard of this u til I went look at a camper. He talked about a 120 or 240 month loan. I had to take a minute to think about it. I just started laughing.
Posted by johnnyrocket
Ghetto once known as Baton Rouge
Member since Apr 2013
9790 posts
Posted on 6/14/19 at 6:53 am to
That is 10 to 20 years of a financial commitment.
Posted by Bread Orgeron
Baw Bakery
Member since Aug 2006
11848 posts
Posted on 6/14/19 at 7:03 am to
I just wish they’d start making compact pickups again.
Posted by Martini
Near Athens
Member since Mar 2005
48838 posts
Posted on 6/14/19 at 7:07 am to
quote:

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.



You are under the assumption you can pick an investment that will create better than 3.8% return for 20 years.
Posted by RealityTiger
Geismar, LA
Member since Jan 2010
20443 posts
Posted on 6/14/19 at 7:28 am to
quote:

Camrys and Accord start under $20k
And then you woke up from the dream. Maybe 20 years ago...
Posted by Tempratt
WRMS Girls Soccer Team Kicks arse
Member since Oct 2013
13345 posts
Posted on 6/14/19 at 7:30 am to
quote:

Are there really people taking 96 month loans?


I think it's funny. None should be more than 2 years.
Posted by bulldog95
North Louisiana
Member since Jan 2011
20715 posts
Posted on 6/14/19 at 7:31 am to
Excellent

By the time I get a new one next year it’ll be affordable with my employee discount, rebates, and anything else I can get added on.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55596 posts
Posted on 6/14/19 at 7:32 am to
quote:

Same thing with your midsized sedan/crossover comment. Camrys and Accord start under $20k. Full loaded they are around $35k, but there are many many models that are under $30k.

I love that you have people arguing this
Posted by Ignignot
Member since Mar 2009
18823 posts
Posted on 6/14/19 at 8:01 am to
quote:

I love that you have people arguing this


You can tell hes one of the peeps that has huge car expenses
Posted by LNCHBOX
70448
Member since Jun 2009
84081 posts
Posted on 6/14/19 at 8:06 am to
I'm driving a paid off vehicle with 140k miles on it. Try again
Posted by p&g
Dixie
Member since Jun 2005
12995 posts
Posted on 6/14/19 at 8:08 am to
Grandmothers Prius huh?
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
79190 posts
Posted on 6/14/19 at 8:13 am to
quote:

Ford has gotten stupid with their truck prices.



BC baws have gotten stupid with their debt tolerances
Posted by i am dan
NC
Member since Aug 2011
24719 posts
Posted on 6/14/19 at 8:20 am to
quote:

2019 subuaro outback sport.. 4 cylnder 175 hp for 31k? Will last 15+ years if you just do simple maintenance.


My wife's last Subaru Outback's engine went bad. We got a free engine replacement, but luckily it was still under warranty.

I've had 3 vehicles transmissions go bad in the last 10 years.. Honda Odyssey (100k miles), Mazda 626 (90k miles), and my current Fusion Hybrid (75k miles). My Fusion is at Green Ford right now getting a new transmission. Again, luckily the hybrid motor train is warranted for 100k miles or I'd be out $6,000 right now.

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