As prices go down, so go trade prices.A good trend for those of us waiting out the market to better pricing…
Supply chain is still a gigantic cluster and will be for some time...
As prices go down, so go trade prices.A good trend for those of us waiting out the market to better pricing…
Which is the good thing about owning a fully depreciated vehicle, I just want to buy so the trade in thing does not affect me personally. Not sure which works out better for consumers, the high prices low inventory we went through, or lower prices but lower trade value? Since the trades usually are less in value wouldn't the consumer save more if the larger purchase was lower?As prices go down, so go trade prices.
Supply chain is still a gigantic cluster and will be for some time...
Some of us can't afford the depreciation on a new car. Carefully-researched used is our only option, and we tend to drive them until they die. Fairly happy we got our 2016s in late 2020, but I can see parts will be a problem. Took the repair place 6 months to get body parts for our van.
My last 3 vehicles were all new. For only one reason; 0% factory financing. It was literally cheaper for us to buy new than used. factoring in repair costs (brakes, tires, etc) we found it was cheaper to go new. The last number I could recall was it was going to be $20/mo more for the used car we were looking at all things considered. Plus no factory warranty! And we didnt have to worry about major repairs for the first 3 years (or so)Some of us can't afford the depreciation on a new car. Carefully-researched used is our only option, and we tend to drive them until they die. Fairly happy we got our 2016s in late 2020, but I can see parts will be a problem. Took the repair place 6 months to get body parts for our van.
Our last two used cars had factory warranties on them still as certified used. And cost close to half of new.My last 3 vehicles were all new. For only one reason; 0% factory financing. It was literally cheaper for us to buy new than used. factoring in repair costs (brakes, tires, etc) we found it was cheaper to go new. The last number I could recall was it was going to be $20/mo more for the used car we were looking at all things considered. Plus no factory warranty! And we didnt have to worry about major repairs for the first 3 years (or so)
YMMV. (especially now in this economy)
It depends on what you buy and the market. Pre covid I was buying a new pickup for 10-15k off msrp every two years. Not bad when I'm buying a 55k truck for 40-45k and trading it after 2 years and 60k miles for not much less than I paid!Our last two used cars had factory warranties on them still as certified used. And cost close to half of new.
we typically bought 2-3 year old for half price. Since 2020 that's gone. When we bought her seltos, the used cars were selling for MORE than he new one we purchased. Wifes been pushing that I buy myself a new daily to last another 10 years and decided I like/want one of hte last manual trans cars made. 2023 Forte GT manuals are selling new for $1-2k less than 2021 and 2022 cars. Thats insane.Our last two used cars had factory warranties on them still as certified used. And cost close to half of new.
We just need more Covid bucksNot just Google
Companies that cut jobs in January | LinkedIn
With forecasts of an economic slump ahead, these are the companies laying off workers.www.linkedin.com
A trend that will more than likely get worse this year:
Missed car payments on rise | LinkedIn
The proportion of subprime auto borrowers who were at least 60 days late climbed to 5.67% in December, compared with a seven-year low of 2.58% in April 2021 — and 5.04% in January 2009.www.linkedin.com
Maybe they can learn to wrenchNot just Google
Companies that cut jobs in January | LinkedIn
With forecasts of an economic slump ahead, these are the companies laying off workers.www.linkedin.com
A trend that will more than likely get worse this year:
Missed car payments on rise | LinkedIn
The proportion of subprime auto borrowers who were at least 60 days late climbed to 5.67% in December, compared with a seven-year low of 2.58% in April 2021 — and 5.04% in January 2009.www.linkedin.com
Now people are whining because their getting what they ask for.AND SOME VOTED FOR THIS!!!!!!!!!!!!!!
No, not everything is what it appears in text. That is a slam to those, now mostly lurking members, that voted for Bidet and or were big on the mask requirements and vaccines…Now people are whining because their getting what they ask for.