Posted on 04/05/2020 12:40:11 PM PDT by RomanSoldier19
The average new-vehicle loan term in March was 70.6 months, the longest ever, according to a new research report. Loan lengths have been steadily climbing in recent years alongside the price of new vehicles. Average monthly payments also rose, hitting $573. In March 2019, average monthly payments were $553.
(Excerpt) Read more at caranddriver.com ...
And have you seen articles about Cash for Clunkers coming back?
Auto makers need something, anything to get people buying new cars again. Unfortunately C for C is not it.
They are now offering 84 months, nothing down.
Anybody would be an idiot not to take that.
Buy a nice little Hobart (or competitor) MIG for 500 bucks and learn to lay down a bead. It's not that hard, even old guys like me with bad eyes and a shaky hand can do it with some practice. You can have fun putting some reinforcement plates on that frame.
Just make sure to have some good fire extinguishers handy too, I learned that lesson on my Camaro, thankfully God had laid down 6 inches of snow the night before giving me the giant snowball extinguishing method.
Nope. Some are even offering additional Discounts and delayed Payments up to six Months with the 0% deals.
The Dealers are getting desperate. It’s a Buyer’s Market right now.
That being said, I’m still Contracted to pay MSRP for my new C8 Corvette. With the Factory Closure I am thinking they won’t even build the Hardtop Convertible I ordered until the 2021 Model Year.
With the cost of money, I’m guessing auto and home loan bargins will be many. I don’t need to refi my home, but I’ll likely get a new truck or SUV this summer.
I bought a car a 7 years ago I am telling you I could NOT WAIT to get the damn car paid off, used to be you paid on a car for 3 years mine was 5 years I paid it off early BUT GEEZE a car is getting very close to what a mortgage used to be!!
Car prices today ARE very similar to my first house price (50 grand).
I understand.
To me it’s just a matter of paying Cash versus using Money that doesn’t cost me anything. Frees up my Cash to invest when the Market turns around.
Then again, I got Mrs. KC to go along with me ordering a new C8 Corvette. Not sure of she’ll go for me getting a new Pickup Truck too. #:^)
I’ve been picking at the CJ7 a lot lately.
As of now, it’s 75% ready to separate the chassis from springs and steering.
It isn’t a major rush. Budgets being what they are. It would be next month minimum before I could pull the trigger on that and maybe the tub. That’s all the big stuff left.
Powder coat estimates $500 for chassis. The tub I’ll just have to see after blasting. I’ll get charged a little extra to have them pick up and deliver. They have a flatbed truck.
The chassis seems straight to me. No signs of damage or welding.
It was the one set of wheels I always wanted growing up. Where I was raised, the rich person had a blazer or bronco.
K5 was a barn resident that wound up on a used car lot.
If your toys keep you from having a wandering eye on other things if I were Mrs. KC I would be very happy your eyes were on fancy cars and not women!!
Always been a Car guy. It’s just one of my Vices. #;^)
In PA, the body of that vehicle would have evaporated before the payments ended.
I had a new C7 Corvette back in 2014. Since then I had a MBZ Convertible and now I have a Dodge Challenger.
I am adverse to having anything with more than two Doors, but a Crew Cab Pickup is tempting, especially since we moved to Rural MS last Year. They are growing on me.
The Family Joke is I change Cars the way other People change their Underwear. Really expensive Underwear.
I hear ya.
Used to say, mostly in jest, that my '02 Dakota would probably outlive me.
For now we seem to be racing each other to the proverbial finish line.
The thing just 'fits' me about perfectly, so if takes $1K/yr from here on out it'll beat hell out of a new one for the ~46 million most of 'em cost these days.
how can this go on
Only a fool negotiates the financing BEFORE settling on the price of the vehicle. Car buying 101.
Yeah — I hear ya!
3 years ago bought 2014 Sentra 34000 miles for 65 c notes simple life which is why I play golf at country club every day
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