Automotive bubble....has it burst?

The wife wants one, I told her we need to wait for the market to cool enough to where Ford has to throw something better than a 4 cylinder Infront of the 7-speed.

Also, it is still in the early stages of a new platform launch....that is a big NOPE. I know the chassis design is very much a Ranger, but still....with Ford, I would sit back for 3-4 years before I felt the bugs were worked out.
 
zuke said:
Yup. Still getting listed for way over MSRP, 40-50K Broncos are probably Base Models that MSRP is 33-38k. Less people are Buying at those prices though, They'll start listing for less. Thing is, it was always possible to get them at MSRP with a bit of shopping.
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Still no telling when we will get ours. The jl is keeping us happy for now. A decent optioned one you can still make a few grand off easy though since nobody can even order one still.
 
CasterTroy said:
I'm floored....just floored at what people are willing to pay every month for a car
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Yup. One of my wife's friends has a Obsidian Wagoneer on order right now. To replace her 2021 SRT Durango.

Wife keeps hinting on trading in her 2015 GC Summit. I have to remind her that she has a low payment, low interest rate and it will be paid off soon.

So far its working and she sees the folly in having a $1k+ bill a month on a vehicle.
 
untchabl said:
Every single one of those car payments is more than our mortgage.
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Every single one of those cars/trucks is SEVERAL thousand more than my first House (Brick ranch 3 bedroom, 2 car garage with an acre of land in Kernersville) and the lowest payment was nearly TWICE what my mortgage was
 
UTfball68 said:
Yessir...tried posting that yesterday, but kept saying the video was disabled.
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Yeah you can't post reels directly. You have to link txt to go to the link to work around the software
 
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Bebop said:
How long is that car payment ?
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IIRC it was either 60 or 72 months. Oh and it's $515 not $550. I also pay $600/ month and plan to have it paid off in less time.
 
CasterTroy said:
Every single one of those cars/trucks is SEVERAL thousand more than my first House (Brick ranch 3 bedroom, 2 car garage with an acre of land in Kernersville) and the lowest payment was nearly TWICE what my mortgage was
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yeah but that was 1985 dollars old man
 
Jody Treadway said:
I couldn't sleep at night if I had payments/debt like that looming over me.
We don't have payments like that on our trucks that MAKE us money
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If I were rich enough that I could leverage that debt to make a better investment while having plenty of fallback I'd sleep like a baby
 
Pretty crazy. I look back at this picture and sort of laugh at how “cheap” things used to be. The sheet a dealer printed up for me for a plain Jane F250 in January 2020. Never pulled any triggers since I was in the middle of buying our first house anyways.

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NickMaul said:
Pretty crazy. I look back at this picture and sort of laugh at how “cheap” things used to be. The sheet a dealer printed up for me for a plain Jane F250 in January 2020. Never pulled any triggers since I was in the middle of buying our first house anyways.

View attachment 389204
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Personally, and I hope for others too, if/when prices (on everything) come back down, I hope it's taught us what to do with our new found cash. For me and my family, groceries are a very tangible dollar figure that I could do something with. If you have a $1000/month car payment, either pay the car off in 48 months or do something beneficial with that $300/month you're 'saving' on the 72month loan. I think in a lot of areas almost everyone can find sizable chunks of cash they didn't realize they had, that can be better utilized, and really took for granted the 'cheap prices' we were all paying.
 
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