View Full Version : Used car prices
PRE-OWNED 2022 GMC SIERRA 2500HD AT4 4W (https://www.dennisdillon.com/inventory/used-2022-gmc-sierra-2500hd-at4-4wd-crew-cab-pickup-1gt49pey1nf194041)
Price $149,999 :eek:
pfc_m_drake
02-23-22, 07:56 PM
PRE-OWNED 2022 GMC SIERRA 2500HD AT4 4W (https://www.dennisdillon.com/inventory/used-2022-gmc-sierra-2500hd-at4-4wd-crew-cab-pickup-1gt49pey1nf194041)
Price $149,999 :eek:It's buried now, but I had a similar 'experience' in post #29 in this current thread.
A local car lot was selling a new Ford pickup with a sticker of $77955 for $122,995.
At least it was new...
I'm more concerned about the other end of the price scale. What are the working poor paying for beaters to get to work and what kind of onerous finance terms are they paying to get into them. The anti-car people have been trying to push the bottom end of the economic scale out of cars for a long time and now the pandemic has helped them a long. Enjoy your bus ride, serf.
pfc_m_drake
02-24-22, 08:36 PM
@nrc - agreed.
I think it's a bad deal all the way around, but you're correct in saying the ones who suffer the most are at the bottom end of the scale.
That was true of the pandemic, and remains true now, I'm afraid.
datachicane
02-25-22, 08:50 PM
I'm more concerned about the other end of the price scale. What are the working poor paying for beaters to get to work and what kind of onerous finance terms are they paying to get into them. The anti-car people have been trying to push the bottom end of the economic scale out of cars for a long time and now the pandemic has helped them a long. Enjoy your bus ride, serf.
I dunno, folks don't seem to be too troubled at all when their neighbors are priced out of the bottom end of the housing market and on to the streets, I can't see this getting a bigger rise. Maybe if they made better choices this wouldn't happen. Or something.
I dunno, folks don't seem to be too troubled at all when their neighbors are priced out of the bottom end of the housing market and on to the streets, I can't see this getting a bigger rise. Maybe if they made better choices this wouldn't happen. Or something.
I'm bothered any time unnecessary market interference pushes people out. Obviously a home is a more expensive purchase than a car so it's naturally a more limited market. But we should not be making it harder for a working person to pay for their own car or their own home.
datachicane
02-26-22, 06:48 PM
I'm bothered any time unnecessary market interference pushes people out.
I'm bothered when people are pushed out whether it's unnecessary market interference, necessary market interference, or just the market screwing folks all on its own. I doubt that it's a distinction that makes much difference for the folks in my town living on the streets, who are apparently just the price we pay for the nice, hot housing market that's made folks like me a bunch of money over the last few years. Whatever the solution is, I'm sure it won't present any additional expense or inconvenience to the folks who benefited from the same factors that squeezed those folks out, and I'm sure with a little effort we can rationalize the appropriateness of taking no action at all. It's probably their own fault anyway, or at least that's been a winning argument historically.
Sorry for the soapbox, just got out of yet another city gov't meeting with neighbors upset about the homeless downtown, the vast majority of whom were living in homes and apartments here until they were squeezed out over the last few years. It's an economic problem, not a moral failing on the part of the homeless, but we seem determined to view it through a lens that absolves ourselves of any responsibility.
I think you've gone way of topic here and I'm just going to decline to follow you.
Some folks are happy if fewer people are able to buy their own cars. That's bad in my view because personal mobility - the freedom to go where you want when you want - is part of our identity and part of what has made this country an economic giant.
stroker
02-27-22, 08:39 AM
I think you've gone way of topic here and I'm just going to decline to follow you.
Some folks are happy if fewer people are able to buy their own cars. That's bad in my view because personal mobility - the freedom to go where you want when you want - is part of our identity and part of what has made this country an economic giant.
Hear, hear.:thumbup:
These Ridiculously High New And Used Car Prices Aren't Coming Down Soon, Or Maybe Ever (https://jalopnik.com/these-ridiculously-high-new-and-used-car-prices-arent-c-1848591319?utm_source=twitter&utm_medium=SocialMarketing&utm_campaign=dlvrit&utm_content=jalopnik)
These Ridiculously High New And Used Car Prices Aren't Coming Down Soon, Or Maybe Ever (https://jalopnik.com/these-ridiculously-high-new-and-used-car-prices-arent-c-1848591319?utm_source=twitter&utm_medium=SocialMarketing&utm_campaign=dlvrit&utm_content=jalopnik)
Maybe not ever, but not soon.
These Ridiculously High New And Used Car Prices Aren't Coming Down Soon, Or Maybe Ever (https://jalopnik.com/these-ridiculously-high-new-and-used-car-prices-arent-c-1848591319?utm_source=twitter&utm_medium=SocialMarketing&utm_campaign=dlvrit&utm_content=jalopnik)
Eh. We'll see. It may not get back to the "$10k off MSRP!" days, but when the dust clears and production isn't constrained someone is going to try to take market share from anyone that insists on keeping prices above market.
The good news for the industry is that this will give cover for the price inflation that is going to accompany regulatory pressure to adopt electric vehicles.
I think you've gone way of topic here and I'm just going to decline to follow you.
Some folks are happy if fewer people are able to buy their own cars. That's bad in my view because personal mobility - the freedom to go where you want when you want - is part of our identity and part of what has made this country an economic giant.
This might be off topic too, but I recently saw this chart that is pre-pandemic. It could be an outlier because it's talking about a specific intersection in a busy part of an urban area - but still blew my mind:
https://streets.mn/wp-content/uploads/2018/05/hennepin-ave-bus-lanes-chart.jpg
During rush hour in Minneapolis, at that intersection, nearly 50% of the people were being moved in 2-3% of the vehicles.
It's an interesting way to think about personal mobility at scale.
Mr. Vengeance
03-06-22, 01:48 PM
1132
"10 coolest cars under $25,000"...
https://twitter.com/calebjschroeter/status/1499491365771694088
https://bringatrailer.com/listing/2000-ford-excursion-28/No Reserve: 2000 Ford Excursion Limited Power Stroke 4×4
Sold for $67,500
Lotta trucks on Bring a Trailer these days. Maybe they should do a spin off called "Tow a Trailer."
I finally found a bargain on there, though.
https://bringatrailer.com/listing/1978-ford-fiesta/
Now watch someone pay $10k for it. :D
Lotta trucks on Bring a Trailer these days. Maybe they should do a spin off called "Tow a Trailer."
I finally found a bargain on there, though.
https://bringatrailer.com/listing/1978-ford-fiesta/
Now watch someone pay $10k for it. :D
meh no rear spoiler, I’ll pass
TravelGal
03-28-22, 04:46 PM
For the last two weeks my car broker guru has said that used car prices are dropping while new car prices and their surcharges are still rising.
pfc_m_drake
03-29-22, 03:21 PM
For the last two weeks my car broker guru has said that used car prices are dropping while new car prices and their surcharges are still rising. Hopefully your delivery guy came on Sunday and you're actually in the market to sell a used car :)
TravelGal
03-29-22, 03:54 PM
Hopefully your delivery guy came on Sunday and you're actually in the market to sell a used car :)
LOL. Well, yes, and no. He came 2 hours late. The car was a complete disaster. I mean awful. They told me Nissan with low mileage. It was Mazda with high mileage. So much junk in it, I FILLED my blue and brown recycle bins. Fortunately, I have someone who desperately needs a car so I will GIVE it to him. He's happy to have anything and I'm happy I don't have to go through the embarrassment of letting a stranger drive this hunk o'junk.
Hard Driver
03-29-22, 03:57 PM
For the last two weeks my car broker guru has said that used car prices are dropping while new car prices and their surcharges are still rising.
I can tell you that I was searching for a used Subaru Outback in December and then the same searches last week and the prices have definitely gone down. Used 2019 Outback limited with 30,000 miles have dropped from around 33k-34k to around 31-32k.
WickerBill
03-29-22, 04:39 PM
I see plenty of cars on cargurus.com that have been sitting for a while and being price dropped. Seems like the market is doing what the market does - finds what it will bear.
pfc_m_drake
03-29-22, 07:10 PM
LOL. Well, yes, and no. He came 2 hours late. The car was a complete disaster. I mean awful. They told me Nissan with low mileage. It was Mazda with high mileage. So much junk in it, I FILLED my blue and brown recycle bins. Fortunately, I have someone who desperately needs a car so I will GIVE it to him. He's happy to have anything and I'm happy I don't have to go through the embarrassment of letting a stranger drive this hunk o'junk.You're a very kind soul! :thumbup:
However, I'm sorry your deal on the used car didn't work out in your favor :(
Related…
Dealership markups are getting crazy, so this site is tracking them
https://arstechnica.com/cars/2022/04/buying-a-new-car-this-database-might-help-save-thousands-in-dealer-markups/
Used Vehicle Value Index
https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html
Coming down, a little. Long way to go.
https://publish.manheim.com/content/dam/consulting/ManheimUsedVehicleValueIndex-LineGraph.png
Wow. You can also see in that chart how much the cash for clunkers program inflated the cost of used cars. No negative economic impacts from green posturing to see here. Move along, citizen.
Dealers are buying every lease return they can. Many of the vehicles are being resold for more than they cost new.
opinionated ow
05-02-22, 11:49 PM
Wow. You can also see in that chart how much the cash for clunkers program inflated the cost of used cars. No negative economic impacts from green posturing to see here. Move along, citizen.
Nothing green ever works...except for Callum Ilott's car
Looking for my mid-life crisis car... This is insane: https://www.autotrader.ca/cars/dodge/challenger/bc/?rcp=15&rcs=30&srt=3&prx=-2&prv=British%20Columbia&loc=BC&hprc=True&wcp=True&inMarket=advancedSearch
Buddy of mine just sold his 2016 Challenger (Green w/black strip, 6sp hemi) for almost 10k more than he paid for it. Some guy drove from Quebec to Barrie within 24 hours to get it....
dirtyboy
05-06-22, 08:13 PM
My cousin drove his Toyota Tacoma for 20 years. A couple months back it got totaled in a crash and insurance paid him off more than he originally purchased the truck for.
Mr. Vengeance
05-07-22, 12:26 AM
Buddy of mine just sold his 2016 Challenger (Green w/black strip, 6sp hemi) for almost 10k more than he paid for it. Some guy drove from Quebec to Barrie within 24 hours to get it....
Wow... Just madness. I mean, when does a Dodge ever appreciate?
(Looking at my s-box one ton diesel out there and thinking now might be the time)...
2022 RIVIAN R1T Launch Edition
https://driverbase.com/vehicle/13484380/2022-rivian-r1t-in-st.-augustine-fl/7FCTGAAL8NN003563
70% over MSRP
TravelGal
05-12-22, 03:31 PM
Wow... Just madness. I mean, when does a Dodge ever appreciate?
:laugh::laugh:
Now There's a Crowdsourced Website That Tracks Car-Dealer Markups
https://www.caranddriver.com/news/a40576948/dealer-markups-cars-website-details/
Used cars have become unaffordable
https://www.cnn.com/2022/09/29/business/used-cars-unaffordable/index.html
Used car prices — although down 2% in August from the record high reached in January — are still up 48% from August 2019, according he Consumer Price Index, a key inflation measure. New car prices hit a record in August, up 30% over the last three years.
WickerBill
09-30-22, 07:48 AM
When you look at the context of buying a common car new vs used, it's a stunning proposition to buy used right now.
Right down the road from me: 2020 Toyota Camry Hybrid, 51k miles, base XLE package, $31,500. CarGurus says it's a couple grand below market average.
Toyota build and price: 2023 Toyota Camry Hybrid, same features as the used one above (except feature list is 3 years newer), $32,970.
Fifty thousand miles!
When you look at the context of buying a common car new vs used, it's a stunning proposition to buy used right now.
Right down the road from me: 2020 Toyota Camry Hybrid, 51k miles, base XLE package, $31,500. CarGurus says it's a couple grand below market average.
Toyota build and price: 2023 Toyota Camry Hybrid, same features as the used one above (except feature list is 3 years newer), $32,970.
Fifty thousand miles!
Yes, a third to half the utility of the vehicle is gone and you're still paying full price. I've been looking at those numbers and wondering what the actual asking price is for the new car at the dealer.
At least pickups have rationalized a little bit. For a while you couldn't find anything with less than a 100k miles for under $30k. :eek: Now the more common models have slipped down a bit but they're far from a bargain.
When you add the pressures of electrification on the market, an entire class may be excluded from personal vehicle ownership That's absolutely the desire of some people who believe they are saving the unwashed masses from themselves.
Then there’s this…
New cars are finally back in stock — but Americans might not be able to afford them
https://www.cnbc.com/2022/10/07/new-cars-are-finally-back-in-stock-but-they-come-at-a-steep-price.html
Will we see the return of “buy a car, get a check”?
trends
https://www.cargurus.com/Cars/price-trends/
WickerBill
10-20-22, 02:47 PM
What the heck happened to Jeep last month? (Steve's link)
Wall Street Warns of Trouble Brewing in Auto Loans as Prices Dip
https://finance.yahoo.com/news/wall-street-warns-trouble-brewing-183948865.html
Used-car prices slumped 7% in the third quarter, the worst decline since the depths of the global financial crisis, according to data compiled by vehicle-auction company Manheim. The risk, investors fear, is that if consumers end up owing more than their cars are worth, they might stop making payments and let the vehicles be repossessed.
stroker
10-23-22, 09:39 AM
What the heck happened to Jeep last month? (Steve's link)
Yeah, I wondered that, too.
Carvana stock posts worst day ever as outlook darkens for used vehicle market
https://www.cnbc.com/2022/11/04/carvana-stock-craters-as-outlook-darkens-for-used-vehicle-market.html
I sold my Mustang a couple of weeks ago and still got pretty good money for it. $2k over KBB and Edmunds but probably $2k less than I would have gotten six months ago. Hopefully the small truck market will have cooled by next spring.
This won’t end well…
https://twitter.com/GuyDealership/status/1600218989183045675?s=20&t=LWu1ZqSyIzaKY999Bu6RsA
Wholesale Used Car Prices Are 15.6 Percent Lower Than They Were In January
https://jalopnik.com/wholesale-used-car-prices-dropped-16-percent-in-2022-1849877046
Wholesale Used Car Prices Are 15.6 Percent Lower Than They Were In January
https://jalopnik.com/wholesale-used-car-prices-dropped-16-percent-in-2022-1849877046
Oh, good. I only need about another 15% by next spring to get the truck I want.
Hoping to pay under $30k for something with less than 60k on it. Leaning heavily toward a Tacoma since I can get a manual and it will basically last forever. Ranger isn't out of the picture but the auto tranny is tough to swallow. I'd consider a Gladiator since they can be had with a manual but I doubt that they'll be in my price range any time soon.
WickerBill
12-12-22, 09:22 AM
Don't buy the Dodge Gladiator Richard. It's a Dodge.
:)
Don't buy the Dodge Gladiator Richard. It's a Dodge.
:)
I tend to agree with that sentiment. It's a pretty long shot anyway. Prices on Gladiators are particularly ridiculous.
Car repossessions are on the rise in warning sign for the economy (https://www.nbcnews.com/politics/economics/car-repossessions-are-rise-warning-sign-economy-rcna61916?cid=sm_npd_nn_tw_ma)
Industry analysts worry the trend is only going to continue into 2023 with economists expecting unemployment to rise, inflation to remain relatively high and household savings set to dwindle. At the same time, a growing number of consumers are having to stretch their budgets to afford a vehicle; the average monthly payment for a new car is up 26% since 2019 to $718 a month, and nearly one in six new car buyers is spending more than $1,000 a month on vehicles. Other costs associated with owning a car have also shot up, including insurance, gas and repairs.
Still, the financial squeeze has been particularly difficult for lower-income consumers looking for budget vehicles, which have been particularly hard to find. While in the past, those car buyers would have purchased a used car for $7,000 to $15,000 they are now having to spend $20,000 to $25,000 for the same type of vehicle. Among dealers that cater to subprime and deep subprime consumers, the average listing price on their cars has almost doubled since the beginning of the pandemic, according to the CFPB.
Tesla used car price bubble pops, weighs on new car demand
https://www.reuters.com/business/autos-transportation/tesla-used-car-price-bubble-pops-weighs-new-car-demand-2022-12-27/
The average price for a used Tesla in November was $55,754, down 17% from a July peak of $67,297. The overall used car market posted a 4% drop during that period, according to Edmunds data. The used Teslas were in dealer inventory for 50 days on average in November, compared with 38 days for all used cars.
The steep plunge in used car prices – what it means, and what’s ahead
https://www.cnn.com/2023/01/16/business/used-car-prices/index.html
I haven't seen much movement in the truck inventory I've been watching. My guess is that dealers have started cutting trade-in offers and they're hoping they can hold the line on pricing for their existing inventory long enough to clear it out.
nissan gtp
01-20-23, 03:34 PM
We got whacked on car taxes last year (they are set as-of February). Out 1 year old Tesla was appraised for almost 10K more than we paid. Hopefully, it's back to a more reasonable value this year, like, less than we paid.
WickerBill
01-21-23, 08:14 AM
We got whacked on car taxes last year (they are set as-of February). Out 1 year old Tesla was appraised for almost 10K more than we paid. Hopefully, it's back to a more reasonable value this year, like, less than we paid.
Oh my!! That's just mean-spirited government there. Yikes.
Indiana has a set scale, declining each year based on MSRP. Guess I assumed that was how it was everywhere.
nissan gtp
01-22-23, 01:42 PM
Oh my!! That's just mean-spirited government there. Yikes.
Indiana has a set scale, declining each year based on MSRP. Guess I assumed that was how it was everywhere.
On the plus side, the dropped the rate a little, as lots of people got stuck with the temporary high numbers
The Pandemic Used-Car Boom Is Coming to an Abrupt End
https://dnyuz.com/2023/01/30/the-pandemic-used-car-boom-is-coming-to-an-abrupt-end/
According to Cox, used-car values fell 14 percent in 2022 and are expected to fall more than 4 percent this year. That shift means many dealers may have no choice but to sell some vehicles for less than they paid.
Interesting. Stories say that prices went back up slightly in January.
https://www.msn.com/en-us/autos/other/surprise-used-car-price-jump-adds-to-fed-s-inflation-worries/ar-AA17gjLy
This was surprising because a couple of the vehicles I've been watching have been reduced twice so far this month. My theory is that dealers discounted heavily in December to try to clear inventory before year end and then tried to get some of that back in January.
I don't see it holding. The economy is going to continue to slow demand and supply is going to continue to build.
I just read the following on another forum....
Overall, Carvana prices are up the last 2 weeks (not on EVs), I've been tracking since I have to sell or trade in when I get my Lyriq. Was reading an article about how the wholesale used car auction market is spiking again with prices up 2.5% in January, my 2015 Wrangler Unlimited is up about $2k based on Carvana offers since mid-January.
There's a few factors at play from what I read. There's going to be a shortage of lease returns because no one was buying cars in March-June of 2020, that will be made up somewhat by dealers getting new car inventory and turning over used cars. This will be battling against high interest rates but boosted by tax return season. Going to be pretty interesting over the next few months.
EV prices are deflated currently because of Tesla's and Ford's price cuts making people not want to trade/sell those and be upside down potentially - nor do used car dealers want to be stuck with the bag if someone else decides to follow suit.
Obviously interest rates are up. I can see the lack of leased vehicles being an issue as 3 years ago the pandemic began shutting down new car production. So several factors at play here.
Some good points there. Fewer lease returns, fewer trade-ins because of the general pandemic new car sales crash, and probably people hanging onto vehicles longer may all put downward pressure on the supply for a while. Hopefully demand will weaken enough to sustain a downward trend.
Another factor is with values so inflated when supply in the new car market catches up it will exert some downward pressure as well. Prices are still to high relative to new. I'm seeing 5 year old Tacomas still going for 5% under original MSRP or 10% under equivalent new MSRP.
I really don't want to buy a new truck but it's hard to justify paying 90% of new price for a vehicle already 25% used.
Used-Car Prices Rise at Fastest Since 2021. It’s a Bad Sign for Inflation.
https://www.barrons.com/amp/articles/used-car-prices-inflation-rates-fed-6cb4a8d7
Can’t log in but the paragraph that shows, says it all…
On Friday, Cox Automotive released its Manheim used-vehicle pricing index, which tracks the average prices dealers pay at auctions. For the first 15 days of February, the index increased 4.1% compared with the level for all of January, marking the largest gain since October 2021. Prices have been increasing since November; December’s reading was 0.8% above the figure for the prior month.
Car Debt Is Piling Up as More Americans Owe Thousands More Than Vehicles Are Worth (https://finance.yahoo.com/news/car-debt-piling-more-americans-110000331.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNv bS8&guce_referrer_sig=AQAAAAcMbch_hVqHRs1t21TfIE3cn77g rcyCFUMn0bRZkHZYW-bMKWQYXaOrwAqejLuvA8yTxYl8Wex84AwHS7JHElVWjJHjbjY1 tRu0SVm91OPwOxbGiWnLoGZlU5a-WHJ90bdDks7BtzSzvFSAwZNcrDT_wkEktemZrPwWwqNFoJw3)
The build-up in negative equity — or the amount that debt exceeds a vehicle’s value — is rattling consumers and raising alarms within the industry. Though it’s not unusual for drivers to carry negative equity, some dealers say more people are arriving at their lots up to $10,000 underwater, or “upside down,” on their trade-ins. They’re buying at still-sky-high prices and rolling debt from one car to another and even onto a third. Loans are commonly stretching to seven years.
who didn't see this coming?
Financing has gone from a blessing to a curse for most Americans. Americans have financed and monthly paymented themselves to the point where most don't have the funds to deal with a $1000 emergency. So now a breakdown becomes a crisis and sometimes they'll even flip all that underwater debt into a new vehicle just to feel safe.
I pulled the trigger and brought this home tonight.
1185
2019 Tacoma TRD Sport with 29,697 miles. Clean with clean Carfax although it's been through three owners.
The Edmunds price history tells the tale here.
1186
It dropped $2k to $35k the first week of February and then jumped back up. I thought it might drop again in about a month. If I could get a couple more K out of them I could make my budget number. Sure enough it dropped early this week.
We went last night and they would only meet us half way. An extra $1k on the CX-5 but not much help on the price. They showed me the market numbers for the truck and I told them I didn't question that it was a good price, just that I wasn't moving off my budget number. So sad, too bad. So we headed home.
When we got home we had a message from the sales manager saying that they'd make our number if we were still interested. :D
Credit to them, when I showed up today with the check, there were no shenanigans.
Now I just have to get used to driving a barge.
WickerBill
03-11-23, 09:22 AM
Hey congrats! The bad news is it'll run forever. :)
31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums
https://www.cnbc.com/2023/03/10/new-cars-selling-for-the-biggest-premiums-above-sticker-price.html
nissan gtp
03-13-23, 08:26 AM
31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums
https://www.cnbc.com/2023/03/10/new-cars-selling-for-the-biggest-premiums-above-sticker-price.html
big pickup truck prices :saywhat:
Here's an interesting used car
Ex-Paul Newman Volvo 740 With Buick Grand National Turbo V6 Up For Grabs (https://gmauthority.com/blog/2023/03/ex-paul-newman-volvo-740-with-buick-grand-national-turbo-v6-up-for-grabs/)
TravelGal
03-18-23, 07:05 PM
Here's an interesting used car
Ex-Paul Newman Volvo 740 With Buick Grand National Turbo V6 Up For Grabs (https://gmauthority.com/blog/2023/03/ex-paul-newman-volvo-740-with-buick-grand-national-turbo-v6-up-for-grabs/)
Wonder what it went for? $26,000 seems like a steal for a racing and/or movie buff, even if you have to put that much into it after you buy it.
stroker
03-19-23, 09:17 AM
Wonder what it went for? $26,000 seems like a steal for a racing and/or movie buff, even if you have to put that much into it after you buy it.
About $80K.
https://bringatrailer.com/listing/1988-volvo-740-8/
TravelGal
03-19-23, 01:00 PM
About $80K.
https://bringatrailer.com/listing/1988-volvo-740-8/
:eek::eek::eek::eek: But that sounds much more like it. Thanks, stroker.
Maybe I should have gotten a 1967 Ford Country Squire.
https://www.youtube.com/watch?v=rbMK_HbUS88
WickerBill
04-07-23, 08:19 AM
Well, now I want one.
Stupid question: where's the best places to look for a used car?
Edmunds?
AutoTrader?
FaceBook Marketplace?
Are Carfax reports worth the money?
We need a RELIABLE commuter car, probably 75 miles per day. Good gas mileage, no ticking timebomb of a powertrain grenade (Ford Edge water pump issue, the Honda oil dilution problem, the Nissan CVT failures, etc.).
My kid keeps sending links to AutoTrader cars that are Dealer clickbait - priced WAY under KBB value. They just want you to ask "is it still available?" to get you on their mailing list.
Thanks.
I used autotrader.com, edmonds.com, kbb.com, cargurus.com, and cars.com. The more the merrier. Most of them show the same stock but some things showed up in one but not another. Prices sometimes differ as well. It's interesting to compare how the different sites rate deals. cars.com shows price history and that really helped me spot a good deal.
I found the vehicle I was interested in and then just showed up at the dealership to look at it. If they were too far away to do that I'd just look it up on the dealer site and call directly.
CarFax is worthwhile but I would only pay for it on something you're ready to make a deal on if you can't get it free. Some dealers provide them for free. Some even attach it to their listing. It's good to know whether the car has any accident history or title problems. It may show that it has been well maintained through service records, but not all shops participate so unless the vehicle is under warranty I wouldn't say that spotty records are a red flag.
Reliable commuter? Everything I read says Toyota. Take your pick of Corrola, Camry or Rav4 depending on your needs.
WickerBill
04-10-23, 07:26 PM
I tend to end up on cargurus.com most frequently. You can remove unpriced vehicles, you can remove those that aren't local, filters are really good, etc.
If your 75 miles a day is largely interstate, the Camry is the most bland, boring, run-of-the-mill, comfortable, quiet, bulletproof thing you can get. And newer ones are in the high 30s mpg at 55mph.
New vehicle prices fall below sticker price after nearly two years - Kelley Blue Book
https://finance.yahoo.com/news/vehicle-prices-fall-below-sticker-185706574.html
Americans are struggling to pay off their car loans. Three charts explain why
https://www.cnn.com/2023/04/15/cars/car-loan-interest-rates-2023-dg/index.html
Americans are struggling to pay off their car loans. Three charts explain why
https://www.cnn.com/2023/04/15/cars/car-loan-interest-rates-2023-dg/index.html
17% of car payments are now over $1,000. That's in spite of the fact that the large majority of finance terms are over five years.
And this is only a sliver of the American debt picture. Debt is rising across the board. We know that real wage growth doesn't look like this so something is going to have to give.
1190
devilmaster
04-17-23, 02:17 PM
I've already accepted the fact that i will never own a new vehicle ever again. it is what it is.
I've already accepted the fact that i will never own a new vehicle ever again. it is what it is.
Yeah, we may be there as well. I've always loved the whole worry free new car experience but there's nothing more worry free at this stage than money in my pocket.
The Tacoma is the first used vehicle that we've bought in... 37 years. The experience was just fine. It's already dirty and I'm not worried about it. Ok, I still need to figure out if I can take it through the touch-free wash with the tonneau cover on. :\
I don't rule out Missy's next car or an eventual Miata being new, but we'll see what's in the market when we get there. Besides the onerous pricing, the electronic nannies are becoming more invasive every year. Makers are using electrification as an excuse to tie vehicles permanently to their services and data harvesting and I'm not having it if it can't be disabled.
As an example, GM will not support Apple Carplay or Android Auto in their future EVs, requiring you to use their own system which they're building with help from Google. Nope. Not doing it. Your vehicle will be wired directly into Skynet and with Ford's new self-repossessing technology it can take you straight to the to the human internment camps when it all goes down. :saywhat:
Oh and by the way, that so-called "Infrastructure Bill" made a lot of this stuff mandatory. Breathalyzers, driving performance monitoring, and speeding prevention will be required features on all new cars starting very soon.
https://www.caranddriver.com/news/a43488135/gm-apple-carplay-discontinued-future-evs/
https://www.caranddriver.com/news/a43126498/ford-patent-autonomous-systems-vehicle-repossession/
https://www.caranddriver.com/news/a38239339/infrastructure-investment-jobs-act-car-safety/
Toyota has been releasing teaser images for their updated Tacoma and this was the latest.
1193
There may be hope for mankind after all.
WickerBill
05-03-23, 07:10 AM
Toyota has been releasing teaser images for their updated Tacoma and this was the latest.
1193
There may be hope for mankind after all.
The third pedal takes a selfie of the driver.
Al Czervik
05-03-23, 03:05 PM
The third pedal takes a selfie of the driver.
Everybody knows the left pedal is the high / low beam switch.
pfc_m_drake
05-04-23, 08:30 AM
Everybody knows the left pedal is the high / low beam switch.
Funny thing is, there's so many controls on the steering wheel these days that it almost might make sense too move high/low beams back to the floor.
along those lines, this is sort of a retro move, also
2024 Cadillac Escalade To Get Column-Mounted Shift Lever (https://gmauthority.com/blog/2023/04/2024-cadillac-escalade-to-get-column-mounted-shift-lever/)
The Escalade won’t be the only GM full-size SUV to receive this small, but notable update. The 2024 Chevy Tahoe and 2024 Chevy Suburban, as well as the 2024 GMC Yukon, are also expected to receive this feature.
Newman’s own LS-swapped Volvo wagon headed to auction (https://www.hagerty.com/media/buying-and-selling/auctions/newmans-own-ls-swapped-volvo-wagon-headed-to-auction/)
The car is offered without reserve and RM estimates bids in the range of $20,000–$25,000.
WickerBill
06-02-23, 08:52 AM
Toyota has been releasing teaser images for their updated Tacoma and this was the latest.
I'm really digging the '24 Tacoma... someone tell me no, please.
devilmaster
06-02-23, 04:13 PM
https://trailtacoma.com/wp-content/uploads/2023/05/4th_Gen_2024_Tacoma_04-scaled.jpg
:thumbup:
:runs:
My neighbor across the street just took delivery of a 2023 Lamborghini Huracan after being on a list for over a year - $350,000 :eek:
cameraman
06-04-23, 02:28 PM
Nice neighborhood...
I'm really digging the '24 Tacoma... someone tell me no, please.
I kind of like it. Sort of reminds me of a new take on Ford's "new edge" styling from the '00s. They mercifully resisted the trend toward YUGE grills.
I'm not sure if Toyota has said when they're due at dealers but you can probably figure six months to a year after that before prices rationalize. If you need a truck to do truck things (but not full-size truck things) and you've got a pile of money to burn, go for it! I would still never buy a truck if I weren't at a point in life where I'm having to do truck things on a regular basis.
Nice neighborhood...
Some of it.
Used Cars Priced Under $20K Are Vanishing
https://www.iseecars.com/what-happened-to-affordable-cars-study
iSeeCars analyzed over 10.8 million 1- to 5-year-old used cars and found the average used car cost $22,493 in 2015, with a slight bump to $23,351 in 2019. But over the last four years, used car prices have exploded – ballooning to $34,491 in 2023, which is a 47.7 percent rise, averaging more than 10 percent each year.
stroker
08-09-23, 07:51 AM
Used Cars Priced Under $20K Are Vanishing
https://www.iseecars.com/what-happened-to-affordable-cars-study
Y'know, it seems to me the only group who wins out of this situation is the banking industry. Higher interest rates for crappier products meaning more profit on higher volume in the long run. Almost like it's an intended result... :flaming:
Y'know, it seems to me the only group who wins out of this situation is the banking industry. Higher interest rates for crappier products meaning more profit on higher volume in the long run. Almost like it's an intended result... :flaming:
Maybe. In an extremely simplfied explanation, banks make their profits on the margin between the interest they receive and the interest they pay out. So if car loans are at 8% and they are paying out 5% on deposits, their margin is 3%. No different than if car loans were at 4% and they were paying only 1% on deposits. There is a lot more that goes into bank profitability than this but this is the basis for bank profitability, manage the margin.
It's a massive bubble that all the suppliers are trying their best to keep inflated. The manufacturers desperately need transaction prices to remain high because they're losing their shirts on EVs. Dealer inventory is building but they're trying to hold the line on pricing. Sales have looked good but fleet sales have been keeping the numbers up.
The fact that new car dealers have been keeping the prices pumped up has made it easier for used car dealers to hold the line. But inventories are building and prices are starting to ease a little.
I think the push for EVs is going to mean long term inflation in the car market. That was a deliberate policy decision. Can't afford an EV? Get on the bus where you belong, peasant.
Probably is somewhat of a short supply. In 2020 most auto manufacturing was shuttered for Covid. Consequently fewer cars coming off 3 year leases. Demand in 2023 exceeds supply.
datachicane
08-14-23, 10:32 PM
You know the scene that's contractually required to be in every Star Trek movie where James T. jettisons the warp core, causing a stupendously large explosion that the Enterprise surfs on top of? That's exactly what happened to me, except instead of a warp core I jettisoned all my coolant out the tailpipe while bombing down 217 in the fast late early one Saturday a couple of weeks back. I can't feel too bad, since the head gasket's nearly old enough to collect Social Security, and if I'm going to tow much on pump gas I'll be needing hardened valve seats anyway.
The old girl did shine up pretty nicely, and I've been driving the wheels off it.
https://lh3.googleusercontent.com/pw/AIL4fc-nMDv4Bn9rVbvVJAIPnujJJo-paclWhYNHyPR_Bz7EPn7UkuWd15Vava3XHMdn7YoJzNPETEO7a t9lX94_UaWzuHY5IeZ7I8AaI3l1L4H_jJgLSPB7n8oJys-B9E4nipRMcgki4Nv3G3pa4XVXw6qmoA=w1284-h963-s-no?authuser=0
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