- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: WSJ: Car Prices Might Be Unsustainable for Buyers
Posted on 8/21/23 at 2:50 pm to LNCHBOX
Posted on 8/21/23 at 2:50 pm to LNCHBOX
quote:
quote:And no, my wife's suburban we purchased in 2022 and we paid exactly MSRP of 68k. There are used ones with the same options going for over 70k now. So used ones are selling over new sticker? Seems unlikely. Who would buy that?
It’s happening everyday. You can just go online and look at the pricing for the vehicles used and new. There is no significant gap in the pricing like there used to be for certain vehicles.
1
Posted on 8/21/23 at 2:51 pm to Darth_Vader
quote:
As part of my compensation, I receive a monthly vehicle allowance. It stipulates my vehicle has to be less than 5 years old and under 200,000 miles. I wish I could lease but mileage would kill me. So, I’m stuck having to buy a new full size crew cab truck or full size SUV (they have a list we can choose from), and even though the vehicle allowance is over $700, by the time you factor in insurance, I’m still having to come out of pocket some.
Was this the part where we were supposed to feel bad for you?
Posted on 8/21/23 at 2:53 pm to lsugrldej8
quote:
It’s happening everyday. You can just go online and look at the pricing for the vehicles used and new. There is no significant gap in the pricing like there used to be for certain vehicles.
I don' t think it's "happening everyday" where a 2 year old used vehicle is selling for more than a new one that is speced exactly the same.
Posted on 8/21/23 at 2:53 pm to LNCHBOX
quote:
Was this the part where we were supposed to feel bad for you?
I don’t need, nor am I looking for, your pity. I posted that because, while l can afford it, I think it’s absurd a new truck costs more than what my first mortgage cost a month.
This post was edited on 8/21/23 at 2:56 pm
Posted on 8/21/23 at 2:54 pm to Sterling Archer
quote:
For the average American, paying off a new car at current prices demands 42 weeks of income, according to data from Cox Automotive, up from around 33 the before the pandemic.
Incorrect...before JOE BIDEN
Posted on 8/21/23 at 2:55 pm to kywildcatfanone
quote:
I mean, at some point these prices have to slow down.
Seems like we have been hearing this for years now about cars and housing market. Hasn't happened yet.
Posted on 8/21/23 at 2:55 pm to Samso
Don't worry, the auto manufacturers will soon have 10-year plans so you can get that new Toyota Carolla for only $500/month.
Posted on 8/21/23 at 3:01 pm to Mushroom1968
quote:
Do y’all think a 2022 Toyota Highlander for $30k is a good deal? Have 28k miles on it.
I would say hell of a deal, in today's market. Depends on how it is optioned, though. You have Highlanders that start around $40K, and some over $50K. On top of that, you can expect 200K miles+.
Posted on 8/21/23 at 3:03 pm to The Baker
quote:
Where is the money coming from?
This is what I don’t get. People are a lot poorer than pre-pandemic, so how can they even afford to pay these prices in the first place?
This post was edited on 8/21/23 at 3:04 pm
Posted on 8/21/23 at 3:04 pm to Sterling Archer
Wsj are geniuses
Posted on 8/21/23 at 3:13 pm to dukke v
quote:
You don’t think so??? Why do the oil companies have to make so so so much money???? Like I said they can cut the consumers a break and keep it at a flat rate And still make a killing
Jesus Christ, I thought you were smarter than this.
Posted on 8/21/23 at 3:23 pm to FlyinTiger93
quote:
would say hell of a deal, in today's market. Depends on how it is optioned, though. You have Highlanders that start around $40K, and some over $50K. On top of that, you can expect 200K miles+
This one has less than 30k miles on it. Vin shows only owner ship transfers are between a former dealership and one it’s at now. It’s pretty basic though. I guess as basic as a Highlander can come but compared to wife’s 2010 Ford Focus, very nice
Originally was on sale for $44k
This post was edited on 8/21/23 at 3:24 pm
Posted on 8/21/23 at 3:24 pm to kywildcatfanone
quote:
My 2016 XLT F150 4x4 cost $37.5K.
You could have probably gotten that back in a trade in circa 2020.
There was a Toyota Tundra Capstone on the showroom of a local dealer that was marked up 15 grand over MSRP. 15 friken grand.
I’ll soon be in the market for a sequoia to replace the family truckster. I’m not buying one from that dealer on principle. F that. I’ll drive 90 miles to Memphis or go to Birmingham or Nashville.
I’m a believer in the market.. but that’s just asinine. And the bad thing is… the market has recovered to the point 15k over MSRP should be laughed at by everyone. 15k is as much as I paid for BOTH of my first two vehicles I owned. And you get zilch for that.
Posted on 8/21/23 at 3:24 pm to tiger81
quote:
Never finance a depreciating asset.
Thanks for the tip. I’m making out just fine.
Posted on 8/21/23 at 3:40 pm to Mushroom1968
quote:
Originally was on sale for $44k
How long was it for sale before they started dropping the price? I'm hoping we see more of this across the board soon.
Posted on 8/21/23 at 3:42 pm to meansonny
quote:
Nissan Sentra
quote:
Nissan 350Z
quote:
Nissan Sentra
Not to sound uppity, but I'm not putting any member of my family into one of those cars.
Posted on 8/21/23 at 3:44 pm to Sterling Archer
Everything is unsustainable. It’s all working up to some grand crisis which will force the mask-wearers to give up the rest of their freedom in exchange for security. And I guess the rest of us will just be Mad Max’ing it in the hinterlands, or just dead, more likely.
Posted on 8/21/23 at 3:44 pm to RedHawk
quote:
How long was it for sale before they started dropping the price? I'm hoping we see more of this across the board soon
Dealership I’m getting it from bought it from another dealership in January and listed it for $38k. Went down to $30k this month.
Posted on 8/21/23 at 3:44 pm to thadcastle
quote:
. I am hoping to find a nice used SUV/minivan with sup 35K miles on it and sub $40K.
I just found multiple Acura MDX's with sub-35k miles for $35k or less.
2020 for under $30k
Posted on 8/21/23 at 4:07 pm to Sterling Archer
Massive government spending fueling inflation and the Biden administration force feeding EV's led to the ridiculous car prices.
Page 5 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News