Not shopping, just curious! If used $ are so high right now, is your trade worth a lot more too? Regardless, I doubt the consumer gets more than just braking "even" (as compared to before this era)!
Car purchasing question?
- Thread starter emertmakeshiteup
- Start date
Yes your trade is absolutely worth much more. I helped shepherd my daughter through the process of buying a low mileage Toyota Rav4 and was really surprised how much she got for a high mileage Camry that was leaking oil.
The places we have bought cars in the recent past are begging for them. Mailers come every week, "your car is worth X-over book value if you stop in today" and they're also calling on the phone all the time. So I guess yeah, you'll get a bit of a bump if you sell or trade your used car, but unless you're somebody who has a number of cars sitting around that you're not driving...what do you plan to drive?
The chip shortage means few new cars so people in need of cars ( lease termination, crash, major failure) are turning to used cars. In addition, used cars are being stripped for their chips to be put into new in some cases (by the way, you terminating less car may be worth more than the end of lease purchase option, many companies are calling lease holders to get the car back early)
dealerships can’t make money on new cars since they don’t have them. A BMW dealer near me had zero new cars on the lot last weekend. So they are surviving on used cars and turning into swap shops.
in the meantime New cars that they can get are selling over MSRP Locally the new mustang and wranglers are going for $2k to $5k over msrp. I read an article saying it will never go back to normal. Ordering a custom built car from a manufacturer, like they did in the 60s is going to be the new normal.
dealerships can’t make money on new cars since they don’t have them. A BMW dealer near me had zero new cars on the lot last weekend. So they are surviving on used cars and turning into swap shops.
in the meantime New cars that they can get are selling over MSRP Locally the new mustang and wranglers are going for $2k to $5k over msrp. I read an article saying it will never go back to normal. Ordering a custom built car from a manufacturer, like they did in the 60s is going to be the new normal.
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Roll down windows, wood panel on the side and 8 tracks coming back?
Let’s hope! I want the high beams to be on a foot push button next to the clutch
I'm keeping my 2013 Rav 4 for another year. It has 86,000 miles on it. My wife loves her 2018 Honda CRV. I mention this because I was in the market for a new vehicle for myself and threw it the towel. I'm only driving 10,000 miles a year.
Seriously. Just said the same thing to my wife a few days ago.
My F-I-L’s leasing company took months to send him the title when he played the game and bought the car after his lease because the value had skyrocketed. We believe it was their attempt to have him give up and hand them back the car.
No rear window defroster, AM radio only, column shifter, no controls on column , and lighter with ash tray just to tick people off.
We purchased a new vehicle in September and I thought that it netted even financially between paying sticker with no discount (a first in my life!) but getting more for my trade.
yes. But you likely lose the gains when you make a purchase to replace it unless you’ve got something special. Great time to get rid of a car you don’t use much. Sold my second car that I was barely driving to carmax for over msrp (I paid about 3k under sticker before ttl 2 years ago) Didn’t need to replace it with anything so just gonna wait this out.
my wife’s bronco sport is worth 5-10 grand more than we paid for it new last March.
You just described my first Ford Torino station wagon that I drove to high school and The Who show at JFK in 1982! Deep Mustard/tangerine color with fake woody panels. Possibly the ugliest car ever...
Thank you for all the interesting replies! With four adult children, my purchase scenario has always been as follows. First, using using Edmunds or similar, I would research dealer cost, which is actually more than they pay, as they get perks, e.g. number of sales/month. With that knowledge, I will offer $28,000, for an Edmunds' researched dealer cost of $28,500. If you do it at the end of the month, the dealer wants the manufacturers monthly bonus too and may be running short for that months' number of sales. It usually works! I've also read that they consider making $ on service. Of course that is no guarantee! About the only thing I don't do is drop the tranny pan to change the fluid. In that case, I suck as much out as possible, measure, put new fluid in, substantially fortifying it. If I'm in obsessive mode, I'll do it again a week or so later! Also pretty much can leave plugs in forever if it even has them, as more and more different ignition methds now days. Of course if you ever have to get them out, it can be tough with over X miles/years. Also, the chemicals now days have really long "lives" so keep that in mind! Anyway, enjoy your new rigs folks!
Carvana is offering multiple 2016 CR-Vs at $21,999....
brand new CR-Vs started at $24,500 back in MY16
Or just post your actual carvana or vroom offer. They take 60 seconds to get I’ve gotten a dozen or so in the last 6 months.
Inflation is a real thing. It isn't 7% either.
When you print several trillion in a single year, this is what happens.
Chip shortage is/was a thing but profits tell a slightly different story.
Used cars are going up in value. But used garden furniture is also going up in value.
LdN
Duh...
has nothing to do with joeaubie’s claim that his ‘16 CRV is worth $4k more than what he paid for it... which it is certainly not assuming he a) purchased it new / retail, and b) he did not buy it from an estate / significantly below its value
Not only have i done the math, I’ve done the research
I’ve pulled 20 CR-V‘s on CarGuru within a 100mi radius of me... even several with less-than 50k miles on the clock... not one of the 20 is at or above original sale price ( regardless if base / EX / EX-L / Touring)
buddy of mine sells at an area Honda outlet... he says there are always some dummies with no negotiating will or acumen and thus paying sticker - but used vehicles right now are SOOOO overpriced that their store has plenty of room to come down off ask
Hey douchie, did you get a discount on your asshole pills this month??
So, was that a yes on the discount or did you pay full price?
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