Posted on 02/25/2023 7:26:39 AM PST by LouAvul
Inventory is increasing but a long way from pre panic levels. Plus, they don't seem to be interested in negotiating price.
Before, I'd contact (via email) a half dozen dealers with my criteria, they'd respond with a price, and I'd go to the lowest offer and negotiate from there.
No more, it seems.
No trades. No financing. Cash only.
What's the FR braintrust think about how to approach new vehicle purchase these days?
Prices are where they should be? Are you joking man??? Read post 114 from Bearshouse and get back to me.
Yes, yes i do. I was hoping to get 15 years out of it as it still is in great shape, but now I’m playing Russian roulette, but with the high prices currently I’m going to gamble on this one until the market crashes
Not sure if they do it with the trucks, but Toyota runs new designs in Japan for 5 years before bringing them to American market. If they’re not solid proven design/performers, they don’t bring them.
I bought a new Truck in 2021. Not a lot of negotiating. My trade was 10 years old and starting to rust.
But…I keep getting offers on my 2 1/2 year old truck that are blowing my mind. So, I am considering trading “down” to a smaller version. I don’t really need the big bed anymore…so, That pretty much describes the market.
I tend to buy new because I keep them well past their prime.
But…dealerships make tons of money on financing so your “trade and all cash” offer means their margin is not that great. That might be why they aren’t chomping at the bit.
You could always finance…get a deal…and then simply pay it off. The rates on new these days are pretty decent now.
Meh. You can do better.
$50k is on the low end of anything but a stripped work truck.
We are both retired now (my wife last July) and we are hoping these will be our last vehicles. They are both 2014 (unfortunately) and both about 80k. We keep them well maintained.
It’s a shock to get to that stage of life where you realize “these are probably our last vehicles.” If COVID, Brandon, the Fed, and Congress hadn’t completely screwed up the economy, we might have contemplated one more used SUV with 20k on the clock. Now our money goes to heat and eggs.
Printing and recklessly throwing away $5 trillion has consequences for all 330 million Americans, far beyond the measly $1,200 “COVID Relief” checks.
no fkng way would I waste 50 to 70K for the same 6 years!!!!!
just sayin...
A terrific business decision IMO.
Too bad the covid shots didn’t get that kind of vetting. 😏
That’s the way to go. With the cost of new pu trucks so high, it’s more feasible to replace major items. I don’t know where you got a so called factory engine for $5k, but it sounds do good to be true.
I was fir ur in a rebuild would run $6k, new tranny and differential with driveshaft, shocks, and brakes would be around $14k. Buy a used truck for $15k and you should be good for 300k miles.
Yeah don’t get started on EVs.
Owning one of those is right up there with people not smart enough to eat meat.
I could see that. I’ll stoop to driving a 4runner every day. A Sienna is a bridge too far, :)
Sweet Gear !
Thanks 😊
That strategy works for me. That way you know where it’s been and what’s been done to it. Along the way, you do your own repairs to it and learn a few things.
Well, 5.5 foot bed. In my Tundra. I’ve got a utility trailer for when I haul hay or very bulky items. Mostly use the bed for things like sacks of grain or pieces of furniture. But when I haul hay, I tow. Easier to load and unload the trailer and I don’t end up with hay in the bed forever...
Got the 4-door so I could use it to take the grandkids camping on vacations. We’ve got a Camry but for covering 500 miles a day and then camping with the kids? 4-door Tundra.
Bought one of the last Tundras made with the big V8. $42K new. Unless I crash, one of my kids will inherit it. I won’t live long enough to wear it out.
I just bought a 2021 Toyota Tacoma, four door with a 6’ bed. It’s pretty satisfactory and I’ve had good luck with Toyota’s.
I think many of these auto dealerships are unstable. There has been a lot of turnover in the industry since the financial crisis of 08/09 and covid made it worse. I own a low volume car that was discontinued in 2015. My local dealer was bought out a few years later and service went completely down hill. During a routine inspection I was told I needed a new clutch. I had the clutch replaced under warranty repair about 10K miles before that clutch diagnosis. I told them to get lost and am still driving with the same clutch 40K miles later. I had my brakes replaced a couple of years later. After 10K miles with after market brakes, the dealership said I needed new brakes. I am still driving with those brakes 20K miles later. I get my car serviced in a different city when I visit my parents..
ROFL! I'm so going to remember that line. Likely going to use it by the end of the weekend too.
“They want that extra $10k they won’t be getting if you drive it off the lot.”
In the mid-90s, I ordered a Ford Explorer while stationed overseas. Picked it up in San Antonio. They were incredibly rude and obnoxious. I was getting frustrated but a salesman indicated with his head to pull me aside.
“If you back out, they’ll add $8,000 and sell it within the week. Put up with the crap a little longer and you’ll drive out with a GREAT deal!”
45 minutes later, I drove it out. Back then, Explorers were like trucks. We had it a dozen years, gave it to a niece who put another 60K on it before a drunk hit her. She was OK but the Explorer was done. 220K miles and still had lots of life in it except for the crash.
👍
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