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Car market bubble popped recently and prices for new and used cars are going down. Repos are gonna flood the market soon and with buyer demand going down there will be some great deals out there. Only bad side is interest rates are going up even for those with good credit.
If you have cash to buy than you're set.
Whoever took out loans to buy a car in the last year is a dumbass.
They may be going down, but its still high. They are still in the heavy bait and switch phase too. I called on a Hybrid SUV last week which they had in the current inventory on site at 41K.
Turns out it was “in transit”.
Turns out it was missing the $4K of non negotiable dealership fee
Turns out they would only sell the car if we also purchased a $250 coating for $1750
Turns out it had 2K of other processing fees they couldnt explain
It was 50K out the door but I had to sign that day.
Hard pass - he called me back today to say he would do 48K, so maybe you onto something.
I found a used Loaded Camery with 30K miles for $25K. Perfect for a second car.
Quote:
Originally Posted by Daly
New prices are falling at a slower rate. Used cars are dropping at a decent rate. There are still some stubborn dealers that don't want to accept they overpaid at the auction but they will lose more and more while that car sits on the lot.
No bubble "popped" LOL. I love the crash dummies who think markets instantaneously "pop" that isn't how it works unfortunately.
https://www.cargurus.com/Cars/price-trends/
Down 2% in the last month. A whopping $600 on a 30k car.
I bought a fairly new (few years old) S Class 6 months ago that is basically worth the exact same amount I paid for it right now. All the clickbait youtube car channels are now putting out videos about "why are car prices still high" after 4 months ago claiming the "bubble was popping". It's all a clickbait game these days and nothing more. Fear sells. Negativity sells. But often neither is rooted in any truth.
How it started....
https://www.youtube.com/watch?v=BwlIJXV7rtc&t=527s
Quote:
Originally Posted by NaturalBornHustler
You really think your one example means anything?
I have been looking for a used Audi RS3 for the last two years. They skyrocketed in price, along with every used car, when the new car shortage happens.
A used 2019 with roughly 20k miles was 64k six months ago. This same car has been lowered by 8k in the last 3 months. Along with every other rs3 I've been watching.
Used car prices have been going down consistently in this time frame and they continue to drop. It's no longer a sellers market.
I've been watching this closely and yes the bubble popped.
The current car I've been looking at
Only $9k to go to get back to pre Covid levels on averageQuote:
Originally Posted by NaturalBornHustler
MumblesBadly made hundreds of thousands off his Nissan Cube collection
Dude you're sounding a bit like the man.
Wouldn't it be nice without the man?
Cue any Beatles song
We bought a slightly used 2018 sedan in December 2019 that is worth almost exactly what we paid plus we put on 20k miles. I actually financed it because interest rates were low then plus it was a decent sized purchase. You'd figure after almost two years I'd be well underwater on the loan by now but we're in the green by probably ten grand and BMW's are notorious for losing their value quickly. Mrs. Pooh likes the car (it was bought for her anyway) so we'll keep it most likely for a while. I wouldn't mind buying a new model GLE63 though. Had my eye on one for a while but prices won't budge.
https://www.autotrader.com/cars-for-...ckType=listing
Something like this but I wouldn't pay over 80k so I'll be waiting a while.
Cars are depreciating Assets
A losing money proposition over time
Only historic or special increase in Value
hey gayret your dick is a depreciating asset you fucking retard
Quote:
Originally Posted by Zap_the_Fractions_Giraffe
Wrong
:dancingbaby