Posted on 11/07/2022 10:23:10 PM PST by SeekAndFind
It seems that few people can afford a car used or otherwise.
Anyone who’s been on a car lot in the last couple years and has a brain knows that there’s been a bubble in vehicle prices. As I mentioned in another thread, I was at a CarMax recently and they’re trying to get $20k-$22k for 3-year-old Camrys and Accords with 50k miles and that originally stickered for $25k-$26k. That’s insanity.
If my car lasts until 2023, things will look up for me.
I bought two new vehicles in my life. Both mini-vans when I was hauling 5 little ones. I currently drive a 2003 Deville. 65,000 miles, bought it for $3,500. Might be time to start shopping for a newer model.
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Almost all economic indicators are pointing in directions we would certainly not want to see but they’re adding up quickly.
The overpriced bubble is bursting. Finally.
The downside is that I couldn’t trade my truck on a downpayment for an overpriced, tiny house any more.
Good cause my rib needs one
Also, I think a lot of the influence on used car prices stemmed from the fact that there was basically a shortage of new cars. My nearest dealer was parking F-150s at a steep diagonal pitch along the front of the lot to make it look full, but the inventory showed that there were not a lot of vehicles in stock.
“How did you go bankrupt?”
Two ways. Gradually, then suddenly.”
― Ernest Hemingway, The Sun Also Rises
Does this mean that car makers will be lobbying for another Cash for Clunkers payoff?
You’re forgetting about the Red Wave later today. BidObamanation may have planned it, but Trump is working in our favor.
My mom sold her 2017 Camry for more than she paid. 22K vs 19K, only had 11,000 miles.
Very nice. Something is seriously warped with the vehicle market when it’s possible to do that.
About 15 months ago, the nation was clamped down and not many people traveling and renting cars. The rental companies off loaded a lot of their higher mileage cars to sell as used cars.
I bought one for my granddaughter for a really good price, roughly 30K miles and two years old. Much of it still under warranty as far as critical systems.
But those who finally can, will probably thank the GOP for lower prices.
My mom sold her 2017 Camry for more than she paid. 22K vs 19KSo simple logic says all she can buy with her now 22K is her old car back.
Should be some good deals on John Voight Lebanons right now.
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