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Started By
Message
re: The Great Car Bubble
Posted on 8/5/23 at 6:36 pm to ShoeBang
Posted on 8/5/23 at 6:36 pm to ShoeBang
I have 2 2021s and a 2023. Got reduculous trade in offers on all three. I mean, I couldn't not trade them in. I traded in two 2016's and a 2018 and I owe less than 500 total on the two I carry noted on for 36 months.
If you can, and want to, take advantage of it.
If you can, and want to, take advantage of it.
0
Posted on 8/5/23 at 6:40 pm to TIGER2
quote:The ones on blocks don't count, baw
I have six vehicles in my driveway right now and do not owe anything on them. For once it is not me.
Posted on 8/5/23 at 7:49 pm to rintintin
I just can’t do it, I’ll just keep on buying my piddly F150 Lariats @ $550 a month. I have a cousin (cement company baw) that just bought his wife a brand R new Jeep Grand Wagoneer for a total of $1400 a month….. I almost fell out off the cooler when he told me that.
Posted on 8/5/23 at 7:55 pm to rintintin
That’s crazy to me, 3x my note.
What cars are people buying? I see a shite load of Honda and Camrys around. Those can’t be that much.
I did see a jacked up bronco. They might have a 1k note. But that’s not a common vehicle rt now.
What cars are people buying? I see a shite load of Honda and Camrys around. Those can’t be that much.
I did see a jacked up bronco. They might have a 1k note. But that’s not a common vehicle rt now.
This post was edited on 8/5/23 at 7:56 pm
Posted on 8/5/23 at 7:58 pm to notiger1997
quote:
Mine was $325 and the wife’s was $425 and both have now been paid off in the past three months.
If this was households I would understand. But not per person.
Posted on 8/5/23 at 8:00 pm to rintintin
Those look like truck states
Posted on 8/5/23 at 8:02 pm to DiabeticRob
quote:
My car payment is $1500 / mo, and I’m happy with it. Why? 0% financing was available when I bought my car.
Yeah but you could do this and not have a $1500/ month note.
Posted on 8/5/23 at 8:02 pm to TexasHand
quote:
I just can’t do it, I’ll just keep on buying my piddly F150 Lariats @ $550 a month
Lariats are like 70k now.
Posted on 8/5/23 at 8:10 pm to fallguy_1978
I am between a rock and hard place. Have a 16 Z71 in good condition, 125k, been paid off. Problem is its a POS, onits 2nd transmission, top end motor redone, 11k in repairs. And now it's having engine cooling and electrical issues.
Looking at ordering a F150 later this year while I can still get decent trade in or sale value. Looking at XL or XLT.
Looking at ordering a F150 later this year while I can still get decent trade in or sale value. Looking at XL or XLT.
Posted on 8/5/23 at 8:17 pm to GREENHEAD22
I'd try to find a used one but that isn't that easy right now either.
Posted on 8/5/23 at 8:22 pm to fallguy_1978
The problem is a want a very specific truck. Also I normally run them until the wheels fall off. This one being a POS has thrown a wrench in those plans.
Posted on 8/5/23 at 8:27 pm to rintintin
quote:
I don't want to believe there are this many morons out there
You give people way too much credit. I have no idea how most people can walk and chew gum at the same time.
This post was edited on 8/5/23 at 8:28 pm
Posted on 8/5/23 at 8:38 pm to rintintin
Posted on 8/5/23 at 8:39 pm to Arkapigdiesel
I pay $1100 a month th on a 36 month loan for 0% interest.
It's no big deal. I can easily afford it. Good credit and money make life easier.
Downvote away, but a no interest loan for 3 years is better than paying in full. I put that cash elsewhere. And also, most of you have notes that are not as good of a deal. Don't care.
It's no big deal. I can easily afford it. Good credit and money make life easier.
Downvote away, but a no interest loan for 3 years is better than paying in full. I put that cash elsewhere. And also, most of you have notes that are not as good of a deal. Don't care.
This post was edited on 8/5/23 at 9:03 pm
Posted on 8/5/23 at 8:48 pm to ob1pimpbobi
It's not that I can't spend $1000 a month on a vehicle, I simply don't see a vehicle being worth that amount of money in a car payment.
The problem I'm seeing right now is I am somewhat in the vehicle market, but used vehicles are insanely high, and even if I wanted to go new, you're at like 6% interest with excellent credit.
Most people just care about the monthly payment and don't realize how much they end up paying for the vehicle in full.
had a coworker years ago finance a 80k mile loaded tahoe for like 35k for seven years, then traded it in on another tahoe three years later and was so upside down on his loan and rolled his negative equity into the newer (used) tahoe. Dude was a fricking idiot but many people do that.
The problem I'm seeing right now is I am somewhat in the vehicle market, but used vehicles are insanely high, and even if I wanted to go new, you're at like 6% interest with excellent credit.
Most people just care about the monthly payment and don't realize how much they end up paying for the vehicle in full.
had a coworker years ago finance a 80k mile loaded tahoe for like 35k for seven years, then traded it in on another tahoe three years later and was so upside down on his loan and rolled his negative equity into the newer (used) tahoe. Dude was a fricking idiot but many people do that.
Posted on 8/5/23 at 8:53 pm to BearCrocs
I would say most do that. I think the crazy used market has actually bailed a lot of people out and it is one of the reasons you are seeing the elevated market.
Posted on 8/5/23 at 8:55 pm to rintintin
I remember waiting in the parking lot at the dealer on Monday morning after a Sunday night shift to get a $99 down and $99 a month new Toyota single cab pickup with AC, , 4 speed manual transmission, no bumper, and AM/FM radio. A guy I worked with made heavy duty bumpers with ball for towing or you would get a bumper with the dealers name on it.
Sad part there were 3 other people waiting in the parking lot with me for a similar truck.
Today everyone wants those fancy vehicles with computers and high end stuff in them.
Sad part there were 3 other people waiting in the parking lot with me for a similar truck.
Today everyone wants those fancy vehicles with computers and high end stuff in them.
Posted on 8/5/23 at 9:39 pm to rintintin
No way that map is even close to right. 20% of the folks in the 'Sip don't even have a $1,000 mortgage, much less a $1,000 vehicle payment. Even if every farmer buys a new F250 every year, that's still not close to 20% of the population.
Posted on 8/5/23 at 9:49 pm to rintintin
Not just the vehicle… I don’t see how so many people can afford to have that brand new F250 pulling a brand new $100k Manitou or Ranger, have a brand new Husqvarna zero turn sitting in the shed, and living in a $300k house. Where are all these people getting all this $$$$?????
This post was edited on 8/5/23 at 9:51 pm
Posted on 8/5/23 at 9:53 pm to FLObserver
quote:
This is terrible thinking. This is why companies will keep pushing prices higher on everything just to see if people will keep paying stupid prices. At some point you just have to say i aint buying something at this price
Since you have it all figured out, tell me where I’m wrong. I have a $1,000+ note.
I love nice cars and I can afford them. I could have paid cash but the finance rate was less than what I can get investing my cash (and still is).
My last car note wasn’t as high but on the high end. It lasted 9 years and 155k miles and was paid off in under 4 years. To me, that was a successful purchase.
All the while, my car allowance from work more than covers the $1k note.
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