- Joined
- Mar 24, 2005
- Location
- Stanley, NC
I've been seeing ads for cash back and money off MSRP on new trucks. I'd start looking but not be hot to buy yet.
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Automotive bubble....has it burst?
- Thread starter shelby27604
- Start date
Yep. And been seeing .9 financing
RatLabGuy
You look like a monkey and smell like one too
- Joined
- May 18, 2005
- Location
- Churchville, MD
The latest interest hike isn't going to help sales of these overpriced vehicles people already can't afford and have to have a loan for.
- Joined
- Mar 24, 2005
- Location
- Stanley, NC
Nope, but its gonna help prices
awheelterd
Well-Known Member
- Joined
- Oct 18, 2007
- Location
- Kenly, NC
I kinda always assumed the big three were so strong they did inhouse financing, somewhat decoupled from the mafia.
paradisePWoffrd
Recovering Project Junkie
- Joined
- Nov 5, 2005
- Location
- Newton, NC
I have started seeing the rebates and lower interest offers popping up too.
I still wonder about the thousands of trucks sitting in fields and parking lots. Have all of those been offloaded? If so, where did they go? Not that I want to buy one, but the timing couldnt be worse for them to try and unload now.
I still wonder about the thousands of trucks sitting in fields and parking lots. Have all of those been offloaded? If so, where did they go? Not that I want to buy one, but the timing couldnt be worse for them to try and unload now.
- Joined
- Mar 24, 2005
- Location
- Stanley, NC
I would say "Not my problem, they've been screwing people hard for 3 years, time to turn the tables", but after the last bailout...
paradisePWoffrd
Recovering Project Junkie
- Joined
- Nov 5, 2005
- Location
- Newton, NC
I agree 100%. I have no interest in buying one of them, but the numbers are big enough to effect the whole truck market, so Im interested to see what they plan to do with them.
drkelly
Dipstick who put two vehicles on jack stands
- Joined
- Mar 21, 2005
- Location
- Oak Ridge/Stokesdale, NC
New cars, once part of the American dream, now out of reach for many
Juan David Ramirez knows that his 2012 Nissan Juke SL is on its last legs. But buying a new car in the Orlando area these days reminds him of car buying in his home country in Colombia, where only the wealthy can afford new cars. Ramirez, 33, and his wife Angelica Castro-Calle really want a new...
The average price of a new car in the United States hit $48,008 in March, up 30 percent from March 2020.
I'm 49 yrs old and have never bought a new car or truck in my life.
- Joined
- Mar 24, 2005
- Location
- Stanley, NC
Same here. Up until the past couple years, it never made sense unless you were doing a business writeoff. But last year when we were considering a new van for the wife, new ones were actually CHEAPER than used ones "because you can get the used one NOW, whereas you had to wait a couple months for a new one". F that noise.
New cars, once part of the American dream, now out of reach for many
Juan David Ramirez knows that his 2012 Nissan Juke SL is on its last legs. But buying a new car in the Orlando area these days reminds him of car buying in his home country in Colombia, where only the wealthy can afford new cars. Ramirez, 33, and his wife Angelica Castro-Calle really want a new...www.yahoo.com
The average price of a new car in the United States hit $48,008 in March, up 30 percent from March 2020.
I'm 49 yrs old and have never bought a new car or truck in my life.
- Joined
- Mar 13, 2005
- Location
- Raleigh, NC
Car loans are a real problem right now. Banks have tightened lending requirements. Lots of folks don't qualify anymore.
- Joined
- Mar 20, 2005
- Location
- Hendersonville, NC
You've still got time!New cars, once part of the American dream, now out of reach for many
Juan David Ramirez knows that his 2012 Nissan Juke SL is on its last legs. But buying a new car in the Orlando area these days reminds him of car buying in his home country in Colombia, where only the wealthy can afford new cars. Ramirez, 33, and his wife Angelica Castro-Calle really want a new...
The average price of a new car in the United States hit $48,008 in March, up 30 percent from March 2020.
I'm 49 yrs old and have never bought a new car or truck in my life.
Just tell 'em what you want your payment to be and they're take care of the rest
benXJ
Well-Known Member
- Joined
- Dec 5, 2005
- Location
- Raleigh NC
How do they find such dumb people? Why are they then quoted in a national news story? How do these people get 'good jobs in finance and business contracting'?New cars, once part of the American dream, now out of reach for many
Juan David Ramirez knows that his 2012 Nissan Juke SL is on its last legs. But buying a new car in the Orlando area these days reminds him of car buying in his home country in Colombia, where only the wealthy can afford new cars. Ramirez, 33, and his wife Angelica Castro-Calle really want a new...
The average price of a new car in the United States hit $48,008 in March, up 30 percent from March 2020.
I'm 49 yrs old and have never bought a new car or truck in my life.
A. Since when was a brand new car part of this American Dream thing? If someone told them that, they got duped.
B. "He blames the manufacturers and dealers for charging so much for new cars." These people are in 'business' and 'finance'? No wonder we are in the mess we are in. Its so easy.....if people quit buying new cars at the elevated prices, prices would come down, pretty quick. These business and finance people don't understand supply and demand?
goodness.
- Joined
- Mar 24, 2005
- Location
- Stanley, NC
Just greed driving the market. They wanna get everything they can out of people, and then get bailed out when it all comes falling down because they held out too long.
- Joined
- Mar 13, 2005
- Location
- Raleigh, NC
BIGWOODY
Well-Known Member
- Joined
- Mar 21, 2005
- Location
- Thomasville
Juan isn't very smart based on his current vehicle. I've never bought a new car either and have had the privilege of owning some of the most iconic vehicles of our time. Only for business reasons would I ever buy new.New cars, once part of the American dream, now out of reach for many
Juan David Ramirez knows that his 2012 Nissan Juke SL is on its last legs. But buying a new car in the Orlando area these days reminds him of car buying in his home country in Colombia, where only the wealthy can afford new cars. Ramirez, 33, and his wife Angelica Castro-Calle really want a new...
The average price of a new car in the United States hit $48,008 in March, up 30 percent from March 2020.
I'm 49 yrs old and have never bought a new car or truck in my life.
- Joined
- Mar 24, 2005
- Location
- Stanley, NC
I'd love for you to elaborate. You seem to be implying that I am a "dumb people" and if so, I'd certainly like to understand why you feel this way.
They don't have to try very hard.
- Joined
- Mar 20, 2005
- Location
- Hendersonville, NC
benXJ
Well-Known Member
- Joined
- Dec 5, 2005
- Location
- Raleigh NC
Whose greed? Of course the automakers and dealer will charge whatever someone will pay. You would too in your business.
If the new cars stopped flying off the shelves like they are at these prices, things would change quickly.
There are plenty of cars to go around. There are hundreds of thousands of used cars for sale at this very moment. Many hundreds of thousands of new ones too.
If the new cars stopped flying off the shelves like they are at these prices, things would change quickly.
There are plenty of cars to go around. There are hundreds of thousands of used cars for sale at this very moment. Many hundreds of thousands of new ones too.
- Joined
- Mar 13, 2005
- Location
- Raleigh, NC
It would be a whole lot faster if you just came to terms with the fact you've gotten fucked by inflation in the last three years.
- Joined
- Mar 24, 2005
- Location
- Stanley, NC
Yeah, I guess it's just that simple. Thanks for the elucidation. It's tough being so dumb sometimes.
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- Joined
- Mar 13, 2005
- Location
- Raleigh, NC
Mind you, this thread is 16 months old, and we're still waiting on the "market correction" that's coming any day now.
It may eventually come, but trust me, you won't like what it means for vehicle prices to go back to pre-2020 prices.
It may eventually come, but trust me, you won't like what it means for vehicle prices to go back to pre-2020 prices.
- Joined
- Mar 20, 2005
- Location
- Hendersonville, NC
Someone asked me yesterday when 3/4 CDX was gonna be $xx.xx again.
I told them 3 years ago.
I told them 3 years ago.
orange150
Well-Known Member
- Joined
- Mar 20, 2005
- Location
- Fairfax City, VA
I’m much happier being ignorant
ghost
Well-Known Member
- Joined
- May 25, 2006
- Location
- Hartsville/Camden,SC