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re: WTF is wrong with people trying to buy cars now???
Posted on 7/14/21 at 8:44 am to tadman
Posted on 7/14/21 at 8:44 am to tadman
My boss sold his Raptor and bought a shitty Camry off a sketchy hood used car lot that hadn't changed price in a while, for which he paid cash with his profits from the truck with some left over.
He sold his Raptor for 10k more than he bought it for 18 months ago. And he's driven the shite out of it. Unreal.
Said he's just going to wait until the chip stuff catches up and a recession inevitably hits and they're trying to give away vehicles. We'll see if that happens, but it looks likely with the current administration's policies.
He sold his Raptor for 10k more than he bought it for 18 months ago. And he's driven the shite out of it. Unreal.
Said he's just going to wait until the chip stuff catches up and a recession inevitably hits and they're trying to give away vehicles. We'll see if that happens, but it looks likely with the current administration's policies.
1
Posted on 7/14/21 at 8:46 am to tadman
You do realize you hold all the power and do not have to buy that vehicle right?
Posted on 7/14/21 at 8:46 am to CatfishJohn
Why is he waiting? New car transactions are only up 5%. If you want a new car, and have a trade in, right now absolutely the time to strike
I’m not sure where people have been getting info otherwise. This isn’t like selling and buying a house where both transactions are seeing the same inflation. Used cars are far outpacing new cars for price increase
I’m not sure where people have been getting info otherwise. This isn’t like selling and buying a house where both transactions are seeing the same inflation. Used cars are far outpacing new cars for price increase
Posted on 7/14/21 at 8:50 am to ned nederlander
quote:
I’m no so sure this is correct. Most car companies practice the just in time manufacturing approach developed by the Japanese car companies to save space. I don’t believe car companies are sitting on some massive stock of built cars just waiting for chips to drop.
There has been much news coverage on this. Parking lots full of brand new vehicles that need chips before they can go to dealers.
Hundreds of thousands of pre built is probably an exaggeration, but it’s well into the tens of thousands. There was a single factory lot in Kentucky with 22,000 Ford trucks waiting for chips.
Posted on 7/14/21 at 8:51 am to GT3324
quote:
You are still taking it in the can right now...no matter how good a deal you have convinced yourself you are getting
Believe what you want to believe but the price of the SUV (and it's fairly loaded) is $42+K and with the discounts/rebates/etc. we're getting in it for $31K. The $42+K sticker isn't any higher than it was several months ago so not seeing your point.....FYI its a 2021.
Posted on 7/14/21 at 8:52 am to tadman
Depends on what kind of vehicle you want. You can find some good deals right now, particularly with trade in pricing.
Posted on 7/14/21 at 8:56 am to tadman
This is why the letters I get in the mail from the dealership suggesting I come in and sell my car to them... get thrown right in the trash.
And same with housing... yes I could make a ton if I sold my house right now... but the cost of getting another house is through the roof.
This is a great time if you have an extra car or house lying around... not many do.
And same with housing... yes I could make a ton if I sold my house right now... but the cost of getting another house is through the roof.
This is a great time if you have an extra car or house lying around... not many do.
Posted on 7/14/21 at 8:58 am to LSUFanHouston
quote:This simply isn’t correct
And same with housing... yes I could make a ton if I sold my house right now... but the cost of getting another house is through the roof.
This is a great time if you have an extra car or house lying around... not many do.
The housing equivalent to this would be you selling your house in a market that went up 30%, and getting to buy in an area only up 5%
Posted on 7/14/21 at 9:07 am to tadman
How DARE people try to provide themselves transportation.
Posted on 7/14/21 at 9:10 am to lsupride87
quote:
Why is he waiting? New car transactions are only up 5%. If you want a new car, and have a trade in, right now absolutely the time to strike
Didn't know what he wanted was the other big reason.
ETA:
We're talking about a guy with two vacation homes that still clips coupons. He's perfectly happy in his Camry. I think he'll wait for Gen 2 of the F150 Lightning.
This post was edited on 7/14/21 at 9:13 am
Posted on 7/14/21 at 9:11 am to tadman
What kind of car did you have that got totaled in a parking lot???
I just traded in my 2017 F150 with 90k miles on it and they were willing to swap my wheels and tires to the new 2021 f150, put on a level kit, 100k mile warranty and a bed cover. Gave me around 40k for my trade. Now is the time to trade in if you have a newer model truck or suv
I just traded in my 2017 F150 with 90k miles on it and they were willing to swap my wheels and tires to the new 2021 f150, put on a level kit, 100k mile warranty and a bed cover. Gave me around 40k for my trade. Now is the time to trade in if you have a newer model truck or suv
This post was edited on 7/14/21 at 9:15 am
Posted on 7/14/21 at 9:12 am to Prominentwon
quote:
You can try to convince yourself that car prices are going to decrease all you want, but it’s never going to happen.
According to the numbers, the used car prices have crested. Per this article, wholesale prices have peaked and retail usually follows few months out.
LINK
Also per this article, there is a stock pile of Ford trucks that can be seen from the moon waiting for chips. Each of the big three makes 700,000 trucks or more per year. This glut hits the market and the high prices are wiped.
This post was edited on 7/14/21 at 9:16 am
Posted on 7/14/21 at 9:13 am to tadman
Good deals are available, but you have to do research. I have bought 2 new vehicles recently, got $ off SMRP on both, and high trade ins.
A sure sale, is still a sure sale even in this market.
A sure sale, is still a sure sale even in this market.
Posted on 7/14/21 at 9:14 am to tadman
Posted on 7/14/21 at 9:16 am to bayoudude
quote:
Made $100k on their house in just two years.
No they didn't. Just with the little you've explained, they both didn't make hardly shite.
1 is moving in with friends? LOL, you realize they haven't profited if they haven't secured another overpriced home to live in (that will fall in value soon). Plus, who the F moves in w friends after owning a home? They'll be paying friends and losing some "profits" before still needing to buy their own.
Second one "moving into their own duplex ", will be wasting their profits in the firm of lost income from the duplex not being rented.
Both of these situations are moronic to even consider
Posted on 7/14/21 at 9:16 am to NIH
quote:
Did you think this was funny in your head
There are at least three of these conversations going on the OT board right now. It is both funny, sad, and completely factual.
Posted on 7/14/21 at 9:22 am to lsupride87
quote:
The housing equivalent to this would be you selling your house in a market that went up 30%, and getting to buy in an area only up 5%
Have you seen the prices on new and used cars lately? They are going up a ton.
Posted on 7/14/21 at 9:25 am to LSUFanHouston
quote:If you have a trade in, you come out ahead buying new right now. So you "throwing those deals in the trash", doesnt make sense really from a financial perspective
Have you seen the prices on new and used cars lately? They are going up a ton.
This post was edited on 7/14/21 at 9:26 am
Posted on 7/14/21 at 9:42 am to lsupride87
quote:
If you have a trade in, you come out ahead buying new right now. So you "throwing those deals in the trash", doesnt make sense really from a financial perspective
Interesting. I've run the numbers, and that's not what I'm seeing. Maybe it's my market / type of vehicle.
Posted on 7/14/21 at 9:55 am to tadman
My other truck had alot of mechanical issues to the point I did not want to invest in it anymore.
Sold my business which means I gave up my full-size truck that was my business truck.
Asked around a few people I knew who leased trucks and I actually found a truck with low mileage, in good shape, and the owner was older who was not driving anymore. Bought the persons lease out as it had low miles, the price was good especially for the times, and the vehicle was a loaded package in great shape.
Sold my business which means I gave up my full-size truck that was my business truck.
Asked around a few people I knew who leased trucks and I actually found a truck with low mileage, in good shape, and the owner was older who was not driving anymore. Bought the persons lease out as it had low miles, the price was good especially for the times, and the vehicle was a loaded package in great shape.
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