Trogdor1123
Gold Member
When is this projected to end? The work from home rush must be tailing off by now?
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buying cars really sucks right now, huh?
- Thread starter BennyBlanco
- Start date
LordCBH
Member
And it’s not getting better anytime soon. Likely to get worse.
manfestival
Member
I wonder what year this post is from
Nester99
Member
The advice to avoid cheap shit is timeless.
Dr.Guru of Peru
played the long game
I've had a Kia as my DD for the last two years. The new cars are rock solid and quality cars. Biggest issue is the shit maintenance schedule that requires service every 6k KM. I drive around 30k a year for work and so am taking it in every 2-3 months for routine service. For that reason alone, I'll never get another one. Its too bad, because I really like the company.
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Maiden Voyage
Gold™ Member
How and When the Chip Shortage Will End, in 4 Charts
Fabs using older process nodes are the key
spectrum.ieee.org
SlimySnake
Flashless at the Golden Globes
Crazy to see this thread because I just had an insane experience at my dealership. I was trying to buy out my car that I leased three years ago. Only problem? They wouldnt let me. They kept trying to make me sell my car to them. I am like dude I dont want a new car. They are too expensive nowadays anyway, can I just buy this car? Nope. You are making a mistake they kept saying.
After an hour of me saying no thanks to all their offers, I walked out without buying out my car or selling it. But what was eye opening was their offer. They went from offering me $1,000 over what I had already put into my lease to $6,000 trade in value. At one point, I got really frustrated and told them I dont even want any of their new cars because all the models are shit and he said we have a new truck coming in today. he then went and got me an quote on a luxury model that I flippantly said I wanted and he was willing to give it to me for $5k less than the asking price. Apparently they have no used cars and all the dealerships need to sell used cars to keep the lights running.
I just got an email from them saying I can just go straight to Toyota Financials to buy out my car. I guess my mistake was going to the dealership in the first place. lol But now I am very curious to find out just how valuable my car is because If I can get a 2022 model, luxury one no less, and get it for cheap after buying my car and then trading it in, I just might do that.
After an hour of me saying no thanks to all their offers, I walked out without buying out my car or selling it. But what was eye opening was their offer. They went from offering me $1,000 over what I had already put into my lease to $6,000 trade in value. At one point, I got really frustrated and told them I dont even want any of their new cars because all the models are shit and he said we have a new truck coming in today. he then went and got me an quote on a luxury model that I flippantly said I wanted and he was willing to give it to me for $5k less than the asking price. Apparently they have no used cars and all the dealerships need to sell used cars to keep the lights running.
I just got an email from them saying I can just go straight to Toyota Financials to buy out my car. I guess my mistake was going to the dealership in the first place. lol But now I am very curious to find out just how valuable my car is because If I can get a 2022 model, luxury one no less, and get it for cheap after buying my car and then trading it in, I just might do that.
OmegaSupreme
advanced basic bitch
Bought a new Dodge Challenger at the end of August. The V6 with leather stuff (Stx Plus trim line). Retail was 37, got it for 31ish and gave me a huge amount for my trade in. Guess they are not as popular as the Mustang and Camero but I have always wanted one. Stuff is out there but yeah pickings are slim.
elcapitano
Member
It could be worse mate. You could live in Ireland where there is VRT on every car making them all cost stupidly over their true marked value
3 month wait for a custom order is pretty nice if not price gouged.
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TheUsual
Gold Member
We're looking for a second car to make my fiancee's work commute a bit easier. We live in a new city and public transportation here isn't as reliable as Chicago (the one thing we definitely do miss about it). It's not a dealbreaker getting one, but the prices are something else with what you find.
Carvana has been suggested to us and the prices do look solid. That's how her brother and sister in law bought their car this summer.
Carvana has been suggested to us and the prices do look solid. That's how her brother and sister in law bought their car this summer.
The Pleasure
Member
Hey. They didn't work hard for their degrees to play Catan and get second place!
MachRc
Member
a few months back carvana was paying atleast 2k over Kelley blue book for "desirable" (late model SUV/Cross-overs).
You can easily check right now.
www.carvana.com
Forum members were getting 3-4k over their residual buyout lease...People are getting paid 2-4k to turn in their lease early...
You can easily check right now.
Sell or Trade In Your Car Online - Carvana
Get a cash offer in under two minutes & get your car picked up from your driveway as soon as the same day. Learn how to sell or trade in your car online by getting your car's value by its VIN number.
www.carvana.com
Forum members were getting 3-4k over their residual buyout lease...People are getting paid 2-4k to turn in their lease early...
Nobody_Important
“Aww, it’s so...average,” she said to him in a cold brick of passion
It's always been a shitty time to buy a car.
You get screwed in one way or another no matter what you do.
You get screwed in one way or another no matter what you do.
JayK47
Member
I'm afraid to drive my cars because of this shit. Are insurance companies paying out to match current prices? Will our rates go up? You may just need to pay more for a car. If you can manage with your current cars, make it happen. It could be a long while before things stabilize. It may get worse.
Excess
Member
My insider info: It won't get better. The industry now believes that inflation is no longer transitory, which means they're going to tighten supply when things do improve with the chip shortage, keeping prices where they're at. No one wants to get caught with an oversupply when things turn around.
BadBurger
Many “Whelps”! Handle It!
I kind of want a new car, as I am tired of my 2018, but just looking around the market is depressing. Either a good car is sold out before a dealer can even update their website, or one begins negotiations only to discover they're actually wanting $5k - $7k more than they listed it for.
Raven117
Member
Nope, too many Americans don’t understand that their salaries can’t support what they want to purchase and they borrow to do it.
StreetsofBeige
Gold Member
Worst time to buy a car is now although on the plus side interest rates are at record lows. But if anyone needs a new one, try to wait it out a couple more years.
Just like a lot of building material prices are back to normal. Looking at some raw material price charts the past year, during covid everything spiked up as people were all sitting at home renovating their house and building material makers also gimped their own supply as they thought covid was going to make everyone stay at home broke and saving money so they slowed production.
Nobody knew what was going to happen. When I spoke to my car sales guy when I took my car in he said car sales are at record highs. When I asked why, he didn't really have much of an answer except people are bored and want to spend money and drive around as their way of going on a trip. I asked him also during covid if they knew that was going to happen and he said nope. Nobody did. Everything was just guessing what they though would happen. Turns out it's boon time for dealerships. It could had also been in the toilet (which you'd think would make more logical sense with people uncertain about jobs and people working more at home, so why even need a new car anyway?)
Turns out many people are actually spending like it's lottery time.
So if anyone forced themselves to renovate in 2020, they probably paid double or triple for wood. Now, wood prices have plummeted back down.
Just like a lot of building material prices are back to normal. Looking at some raw material price charts the past year, during covid everything spiked up as people were all sitting at home renovating their house and building material makers also gimped their own supply as they thought covid was going to make everyone stay at home broke and saving money so they slowed production.
Nobody knew what was going to happen. When I spoke to my car sales guy when I took my car in he said car sales are at record highs. When I asked why, he didn't really have much of an answer except people are bored and want to spend money and drive around as their way of going on a trip. I asked him also during covid if they knew that was going to happen and he said nope. Nobody did. Everything was just guessing what they though would happen. Turns out it's boon time for dealerships. It could had also been in the toilet (which you'd think would make more logical sense with people uncertain about jobs and people working more at home, so why even need a new car anyway?)
Turns out many people are actually spending like it's lottery time.
So if anyone forced themselves to renovate in 2020, they probably paid double or triple for wood. Now, wood prices have plummeted back down.
Maiden Voyage
Gold™ Member
I took a look at the blue book value of my car. It's worth more now, 3 years old with 28k miles, than what I paid for it brand new.
ipukespiders
Member
Worst time to buy anything is when you need it. You'll never get the best price.
With cars and trucks right now, I can drive by all the dealers in the area and there are lots of models sitting in the lots. Is it a case of these most likely being shitty trim packages that nobody wants? My buddy just bought a 2021 Nissan Rogue bare bones base model for CDN $28k. It suits him fine as he doesn't like paying for premium features.
With cars and trucks right now, I can drive by all the dealers in the area and there are lots of models sitting in the lots. Is it a case of these most likely being shitty trim packages that nobody wants? My buddy just bought a 2021 Nissan Rogue bare bones base model for CDN $28k. It suits him fine as he doesn't like paying for premium features.
Mobilemofo
Member
offered two grand more than my little fiat 500 is worth a few days ago. Problem is, i like the car so much i cannot part with it. absolutely perfect.
BigBeauford
Member
So glad I bought my car in June 2020 when dealers were desperate. I paid $21k for my 2018 330i beamer with 17k miles.
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Got my new car early in the pandemic when NO ONE was buying. 4k under MSRP, fraction of a %financing, and 3 years maintenance covered.
Didn't get a lot for my trade in but it was almost 10 years old and the A/C had just died, so I was moderately desperate. Still got close to blue book.
Glad I did, sounds like you can't be too picky now.
Didn't get a lot for my trade in but it was almost 10 years old and the A/C had just died, so I was moderately desperate. Still got close to blue book.
Glad I did, sounds like you can't be too picky now.
MacReady13
Member
I purchased a new Toyota Corolla hatchback 3 months ago and 2 months ago got an email saying my car will be delayed due to the factory in Japan having shortages of parts! I won’t this fucker till after Xmas!
ipukespiders
Member
Probably ran out of beige paint.
Big Baller
Al Pachinko, Konami President
Tell me about it, and I already live in one of the most expensive countries for driving a car 
Fools idol
Banned
I cashed out of some crypto and am looking to buy a 458 speciale and let me tell you the frsutration is real. I have owned prestige cars before but nothing like this, and not in this market. I drove 139 miles today to view a vehicle only to be told someone had put a deposit down on it while I was driving down and they asked me if I wanted to 'bid a higher offer' lol. Asked if that is standard practice with these at the moment and he said they sold out of every 488, 458 and pista they had listed wirhin 48 hours. Insane. These are expensive cars, you would think they would take more time to sell..
ah well.. first world problems I guess
ah well.. first world problems I guess
GamingKaiju
Member
Buying anything right now is murder but the used car market is getting bad, prices constantly climbing week to week.
ipukespiders
Member
Damn. Not a bad problem to have. What's the pricing like?
Virt McPolygon
Banned
Here's a car transporter about to deliver some sweet new models!
Fare thee well
Neophyte
Suddenly my 2004 and 2010 cars I've kept solid with maintenance don't look so old 
Fools idol
Banned
For which car? the Speciale ranges quite a bit, for a clean example with low miles and a nice spec you can be paying £300-500k, but I am looking around the 'used' lower end (£200k ish).
Standard 458's you are looking at £130-175k depending on spec and milage, Pista's well... those are £300k minimum.
MightySquirrel
Banned
You could buy a full car for that money.
Crazy.
Platinumstorm
Member
I'm driving a 19 year old vehicle and just threw another 1200 at it in repairs. I want to buy an electric SUV, and while I can, I struggle with the idea of buying an R1S because of the lost opportunity cost. Leaning towards getting another ICE, even though I don't want to. Local dealerships are adding 8k "market adjustment" fees, so not sure why I'd even bother.
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BennyBlanco
aka IMurRIVAL69
And they're just pocketing that 10k.
I think dealerships are realizing they just have us by the balls. For a dealer to sell you a car, they already own it and can charge whatever they want. The days of negotiating downwards from the sticker price are probably gone, sadly.
chromhound
Member
I was planning on Buying an Alfa Romeo Giulia QV or a Jaguar F-Type. So hard finding one in good shape..
chromhound
Member
You could get a Ford Maverick Hybrid (i know it's not a EV)
Platinumstorm
Member
I like to have an SUV because my skis are really long. 192cm and 189cm [new pair]. They're too long for Thule boxes too. I don't want them getting corroded.
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Haint
Member
Dealer profits are at record highs while manufacturer profits are at record lows. If the dealers still try to squeeze when/if production and inventory return to some semblance of normalcy, they're likely to wind up facing an industry wide concerted effort to overturn the laws that allow them to exist in the first place. Manufacturers with profits down 40-50% aren't going to allow dealers to run low volume lots with $10,000 in additional dealer markup, they will all collude and lobby to allow direct to consumer sells like Tesla. Dealers discount during normal times because the manufacturers give them backend bonuses for hitting sales quotas or moving models that are in surplus. If the dealers aren't moving many cars, that means the manufacturers have idle plants and idle workers draining them dry. The real concern is that manufacturers could decide to shutter plants and lay off workers and transition to a business model of selling far fewer cars at much higher prices.
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Fools idol
Banned
I don't think it's long before all manufacturers mimic Tesla with direct sales and ditch the rip off middle men.