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WTF is wrong with people trying to buy cars now???

Posted on 7/14/21 at 7:50 am
Posted by tadman
Member since Jun 2020
3815 posts
Posted on 7/14/21 at 7:50 am
OT Baw 1: "Dooood I need (IE want) a new truck/car now"
OT Baw 2: "Ya they are offering me a zillion billion more than I paid for my OT Baller 1500 LT Z71"
OT Baw 3: "you hafta buy a sedan to get a good deal now"

Dealer baw: "non yall getting a good deal but write a check anyway"

Seriously, per the numbers, all used cars are 25% overpriced and used trucks are more like 50% overpriced. Who in their right mind cares what their 2015 truck is worth, the 2021 is just as overpriced and out of stock???

Last month my car got totaled (in a parking lot no less) and I'm holding off until this BS cools off.
Posted by goofball
Member since Mar 2015
16859 posts
Posted on 7/14/21 at 7:51 am to
quote:

Last month my car got totaled (in a parking lot no less) and I'm holding off until this BS cools off.



You might be holding off for a while.
Posted by Areddishfish
The Wild West
Member since Oct 2015
6282 posts
Posted on 7/14/21 at 7:51 am to
Maybe that's why carjackings are up
Posted by tigerdup07
Member since Dec 2007
21966 posts
Posted on 7/14/21 at 7:51 am to
if they offer you more than the car is worth, then it's understood that the sale price is higher than it should be.


Posted by Cosmo
glassman's guest house
Member since Oct 2003
120262 posts
Posted on 7/14/21 at 7:51 am to
quote:

I'm holding off until this BS cools off.


With hyperinflation thats not happening
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67482 posts
Posted on 7/14/21 at 7:54 am to
I'm buying my wife (no pics) a newish SUV; it's a dealer loaner and they're making us a great deal on it. It has 3500 miles on it and we get all of the new SUV warranties.....the discount on it is at least $6K bc it's a loaner.

quote:

Who in their right mind cares what their 2015 truck is worth

We're trading her car in so we care
Posted by whiskey over ice
Member since Sep 2020
3257 posts
Posted on 7/14/21 at 7:54 am to
Same happening with houses
Posted by jamboybarry
Member since Feb 2011
32647 posts
Posted on 7/14/21 at 7:57 am to
Most people are retarded with money

/thread
Posted by ItNeverRains
37069
Member since Oct 2007
25449 posts
Posted on 7/14/21 at 7:58 am to
quote:

Same happening with houses


Same happening with ___________________.
Posted by bayoudude
Member since Dec 2007
24954 posts
Posted on 7/14/21 at 7:58 am to
quote:

Same happening with houses


Yep I know of two people in my neighborhood selling their houses at huge profits and they don’t even have another one lined up. Just going to move in with friends abd the other is moving into a duplex they own. Made $100k on their house in just two years. Real estate in my area is easily up 25-30% over the last two years.
Posted by GT3324
Northshore
Member since Jul 2015
468 posts
Posted on 7/14/21 at 7:59 am to
quote:

I'm buying my wife (no pics) a newish SUV; it's a dealer loaner and they're making us a great deal on it. It has 3500 miles on it and we get all of the new SUV warranties.....the discount on it is at least $6K bc it's a loaner.


You are still taking it in the can right now...no matter how good a deal you have convinced yourself you are getting...do you can sleep
Posted by 4x4tiger
Louisiana
Member since Feb 2006
2836 posts
Posted on 7/14/21 at 8:00 am to
Soooo, I'm guessing you drive around in your little car sipping on soy latte's
Posted by Swagga
504
Member since Dec 2009
16141 posts
Posted on 7/14/21 at 8:01 am to
I have a used truck id love to trade in, especially at current prices. Problem is id have to pay a real premium for another truck. So it’s all relative.


I can wait for it to cool down and then my trade in isn’t worth a shite and a new truck is still priced high. Not sure what I’m going to do at this point, but holding out for it to “cool off” doesn’t seem like a great strategy either if you really need a vehicle.
Posted by NIH
Member since Aug 2008
112617 posts
Posted on 7/14/21 at 8:01 am to
Did you think this was funny in your head
Posted by Prominentwon
LSU, McNeese St. Fan
Member since Jan 2005
93718 posts
Posted on 7/14/21 at 8:02 am to
quote:

Last month my car got totaled (in a parking lot no less) and I'm holding off until this BS cools off




You can try to convince yourself that car prices are going to decrease all you want, but it’s never going to happen.
Posted by thedogman
Member since Dec 2008
2241 posts
Posted on 7/14/21 at 8:03 am to
Man, I am in a spot where my car has 150k miles on it and my wife has about the same. We are having some issues with both to where we are putting money in each month to fix and have decided to get out of both. It sucks that it fell during this time, but what do you do.
Posted by lsupride87
Member since Dec 2007
95132 posts
Posted on 7/14/21 at 8:06 am to
This board’s keenest investors has been waiting for “the prices to drop in Lakeview, that bubble is way too high” since 2014

How has that worked out?
This post was edited on 7/14/21 at 8:06 am
Posted by lsupride87
Member since Dec 2007
95132 posts
Posted on 7/14/21 at 8:07 am to
quote:

Man, I am in a spot where my car has 150k miles on it and my wife has about the same. We are having some issues with both to where we are putting money in each month to fix and have decided to get out of both. It sucks that it fell during this time, but what do you do.
I honestly don’t think it’s going to be that bad

You are going to get 20% more on your trade in then normal, and turnaround and pay 20% more on the new one. It’s a wash

As long as you have something to also sell, you don’t “get screwed” during times like this

The people getting screwed are first time homebuyers, first time car buyers, etc
This post was edited on 7/14/21 at 8:08 am
Posted by Puddenn32
In da LP
Member since Oct 2018
633 posts
Posted on 7/14/21 at 8:09 am to
Boy this is a refreshing new thread that is going to promote good conversation.
Posted by Lonnie Utah
Utah!
Member since Jul 2012
23932 posts
Posted on 7/14/21 at 8:12 am to
quote:

You are going to get 20% more on your trade in then normal, and turnaround and pay 20% more on the new one. It’s a wash


$7,000 * 20% = $1,400
$35,000 * 20% = $7,000.

Not exactly a wash.
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