give the newest one to the youngest. They always get hand-me-downs anyways, might be nice to have something better than his brothers.Hmm, that surprised me a bit, but I guess the prices have made more people say nope, I’m not paying $30k for a 5 year old Civic. My son’s cars are 11/12 but mine is 7 and my wife’s is almost 2. I guess we do average 8, but honestly, I’d say we are on the old side for our area. Hopefully, all will keep going strong for a while. Have a third son so my car will likely go to him or my oldest, since it’s the nicest but I think I’d like to get a wee bit longer with only 1 payment.
I’d be interested to know what the breakdown is for different areas.
I may. Maybe if my oldest ends up working after college (he’ll be a senior) instead of grad school, I can assist him with an extra down payment after he decides he’s done with his current car. His was a grandfather hand me down before he passed so he’s the only one who actually owns his car.give the newest one to the youngest. They always get hand-me-downs anyways, might be nice to have something better than his brothers.
My 4 vehicles average 22.5 years old. Range from 19-26 years old.My fleet averages 15.75. The 1975 280Z really swings it. Otherwise average 5.5
I'm very ignorant on leasing, so I'm surely the last person to ask.Psychopav said:In general, any thoughts about leasing? It seems to me that leasing (with or without option to purchase?) might be the more cost effective approach at this time, if you assume the market will cool off at some point in the next 3-5 years.
Leasing right now is horrible.Psychopav said:In general, any thoughts about leasing? It seems to me that leasing (with or without option to purchase?) might be the more cost effective approach at this time, if you assume the market will cool off at some point in the next 3-5 years.
Yeah, it's a messed up time.Psychopav said:Thanks for the responses. This might be the most confusing time to buy a car in my memory. And things had gotten so simple too... :(
Moleculo, thanks for laying out your process. I used the internet route with our mini-van prior to the most recent one, and let the dealers work FOR me to find the car I was looking for. The last 2 cars I just did a lot of searching on autotrader and other sites, decided on what we wanted with a couple of test drives, and then bided my time until the car I wanted was available at the price I was willing to pay.
In general, any thoughts about leasing? It seems to me that leasing (with or without option to purchase?) might be the more cost effective approach at this time, if you assume the market will cool off at some point in the next 3-5 years.
I would and hold off buying another until we are deep into this recession.Random said:I'll echo that this is a horrible time to try to buy a new car.
A little background. I bought a new Ram 2500 in 2017 due to having some heavy equipment to haul around. Paid around $44k, have 58,xxx miles on it and was offered $38.5 cash for it from a dealer (best price of multiple dealers/carvana). I dont need the truck anymore, so I was going to sell/trade it for either a new family vehicle (phev suv or commuter car (electric), but we cant find anything that isn't ridiculously marked up.
Should I go ahead and sell the truck and wait for the market to cool off/vehicles become available? We have a third car that I can use in the interim. No immediate need for the cash, just concerned that truck will lose a lot of value if we hit a recession.
I'm not an expert on any of this, but this is a great time to sell your used car, and if you don't HAVE to get another car, that seems like dream scenario.Random said:Should I go ahead and sell the truck and wait for the market to cool off/vehicles become available? We have a third car that I can use in the interim. No immediate need for the cash, just concerned that truck will lose a lot of value if we hit a recession.
Nice job but it takes time. I found a new suv that we like but it is 12 hours from us hybrid vehicle at sticker, still to much IMO.TLDR - I bought a 2018 Toyota Tacoma last year and I traded it in for a 2021 Ford F-150 XLT, it took a long time but I'm happy.
In 2021, I decided I really wanted a pickup truck. I searched and searched and found a 2018 Tacoma TRD Off Road V6 w/a 6MT w/39k miles on it and it was pretty much perfect inside and out. I traded my 2016 Subaru WRX 6MT w/50k miles on it for about $5k less than what I originally paid for it so I was pleased with that.
After about 6 months with the Tacoma, I found I just didn't love it and I found myself constantly wishing I had bought a full sized truck. I didn't buy one originally b/c I figured it wouldn't fit my garage. I did some measuring and I found it would fit but I would need to rip out some built in cabinets and counter top the original owner of my home installed in the garage. The cabinets were kinda janky looking, I never really liked them but I never wanted to deal with them. Anyway, I test drove the Tundra, Denali, F-150, Titan, Silverado and RAM 1500 and I ended up liking the F-150 the most. I felt the RAM had the best interior and ride but the 21+ F-150 (to me) was the best all rounder. Honestly, I liked them all as I'm kind of a brand whore, I really like all the brands.
So, after I test drove all the variations of F-150's I was interested in (2.7T, 3.5T, 5.0L) and I ended up on the XLT, 5.0L V8 w/a few options like a tow package, 4x4, 302A, sunroof, 360 camera, etc. as my desired truck so I searched. I searched and searched and searched but I had certain stipulations. I wanted a truck w/15k miles or less, no accidents, one owner (preferred), I did NOT want leather (I really hate leather seats these days, just not my thing, I'm not a vegan I just prefer cloth seats) and I wanted to get this truck under the truck's original MSRP which is easier said than done. . . also I wanted at least what I paid for my truck based on kbb combined with my research (like vehicles w/a full history, no accidents, new tires, etc.) as my Tacoma was fully certified (so all new fluids/filters, tires/etc.)
So, starting in February this year I put out feelers and I searched and searched and searched. I made offers on about 5 or 6 different trucks. About 2 months ago (I think it was) I made an offer on truck on in Pennsylvania. They made me a crappy offer on my truck and they wouldn't budge on their truck and I said to the guy "okay, thanks for your time but we're way too far off." A week later he starts in on me "you know you want this truck, blah, blah." I said "I do but your offer on mine is way too low, we were $5k apart" I said "we're wasting each other's time." I said I will do this deal if we meet dead in the middle so neither of us feels like we're getting ripped off, you come down $2,500 and I will come up $2,500, how about that? 3 days later, he sends me an offer, it's $500 less meaning I would have to come up $4,500 from my offer, again, I said "no thanks." We went back and forth until we were at $500 difference in their favor (again this has been going on for like 10 or 12 days at this point) and I stood my ground and we could not make a deal, which, ultimately I'm actually grateful that fell through because that truck had like $6k less in options than my truck and 10k more miles on it. Nice looking truck though but man are they stubborn. . . I know I was being stubborn too, I just wanted to meet in the middle.
I made another deal on one out in Virginia (about 10 hours from me) and we had it all set up and as I was driving to the dealership, their general manager called me and said "I'm sorry but another salesman already had an offer on this truck." Which sucked but I knew that meant the other salesmen had a better offer or the customer was financing through that dealership or whatever. Even though I was only about 30 minutes into my journey, I turned around, I kinda felt defeated a bit and I was really just about ready to give up because it was frustrating to find what I wanted for a price I was willing to pay but get a trade in offer that was acceptable you know? It feels like a juggling act and it's incredibly exhausting at times.
About 3 days after that deal fell through I got a call from a dealership just south of Cleveland (so only 4.5 hours from me) called, we talked back and forth, they offered me the most for my truck ($2k more than I paid for it a year ago) and the F-150 they had for sale had everything I wanted (almost the same as the other truck in VA) plus a few more things, it only had 5k miles on it and it was $6k under MSRP. plus they only charged $250 in their paperwork fees, the one in VA STARTED off at $899 in fees and started trying to add $999 in more fees. Anyway, in the old days, (to me) $6k off MSRP for a one year old vehicle w/5k miles wouldn't have been a great deal or anything to brag about but in this market, I was thrilled. . . and they didn't sell it out from under me so there was that. Around where I'm at, here in Indianapolis, I see crap like this. 2022 F-150 full MSRP plus "market adjustments" starting at $2k, $3k, etc. I've seen Ram's marked up $5k, Denali's marked up $3k, etc. The typical deal I would see is a 2 or 3 year old F-150, w/20k -30k miles on it, with an asking price of full MSRP of that truck brand new 2-3 years ago. A lot (not all) but a lot of Ford's you can get the MSRP label for free if you go here : https://www.windowsticker.forddirect.com/windowsticker.pdf?vin= and tack the vin on at the end of that link. I ended up having to go to monroneylables.com and buying a few window stickers just so I could see all the options, the original price, etc.
I got my own financing ahead of time, my local credit union was offering 2.5% for 5 years if I wanted to go out that far and I found a dealership online that sells Ford factory warranties for $50 over cost, I've yet to find anyone that will match their pricing so I will probably go with them for the extended warranty, I haven't purchased that warranty yet, still mulling it over.
So, you can find a decent deal in this market, it's not easy, it takes a lot of time and patience but I believe if you have your heart set on it, do your research, stand your ground, you can find a good deal. . .not great but you don't have to get ripped off.
Own a 2018 F150 XLT V6 and love it. Favorite vehicle I've ever owned. I can't imagine ever driving anything else.TLDR - I bought a 2018 Toyota Tacoma last year and I traded it in for a 2021 Ford F-150 XLT, it took a long time but I'm happy.
In 2021, I decided I really wanted a pickup truck. I searched and searched and found a 2018 Tacoma TRD Off Road V6 w/a 6MT w/39k miles on it and it was pretty much perfect inside and out. I traded my 2016 Subaru WRX 6MT w/50k miles on it for about $5k less than what I originally paid for it so I was pleased with that.
After about 6 months with the Tacoma, I found I just didn't love it and I found myself constantly wishing I had bought a full sized truck. I didn't buy one originally b/c I figured it wouldn't fit my garage. I did some measuring and I found it would fit but I would need to rip out some built in cabinets and counter top the original owner of my home installed in the garage. The cabinets were kinda janky looking, I never really liked them but I never wanted to deal with them. Anyway, I test drove the Tundra, Denali, F-150, Titan, Silverado and RAM 1500 and I ended up liking the F-150 the most. I felt the RAM had the best interior and ride but the 21+ F-150 (to me) was the best all rounder. Honestly, I liked them all as I'm kind of a brand whore, I really like all the brands.
So, after I test drove all the variations of F-150's I was interested in (2.7T, 3.5T, 5.0L) and I ended up on the XLT, 5.0L V8 w/a few options like a tow package, 4x4, 302A, sunroof, 360 camera, etc. as my desired truck so I searched. I searched and searched and searched but I had certain stipulations. I wanted a truck w/15k miles or less, no accidents, one owner (preferred), I did NOT want leather (I really hate leather seats these days, just not my thing, I'm not a vegan I just prefer cloth seats) and I wanted to get this truck under the truck's original MSRP which is easier said than done. . . also I wanted at least what I paid for my truck based on kbb combined with my research (like vehicles w/a full history, no accidents, new tires, etc.) as my Tacoma was fully certified (so all new fluids/filters, tires/etc.)
So, starting in February this year I put out feelers and I searched and searched and searched. I made offers on about 5 or 6 different trucks. About 2 months ago (I think it was) I made an offer on truck on in Pennsylvania. They made me a crappy offer on my truck and they wouldn't budge on their truck and I said to the guy "okay, thanks for your time but we're way too far off." A week later he starts in on me "you know you want this truck, blah, blah." I said "I do but your offer on mine is way too low, we were $5k apart" I said "we're wasting each other's time." I said I will do this deal if we meet dead in the middle so neither of us feels like we're getting ripped off, you come down $2,500 and I will come up $2,500, how about that? 3 days later, he sends me an offer, it's $500 less meaning I would have to come up $4,500 from my offer, again, I said "no thanks." We went back and forth until we were at $500 difference in their favor (again this has been going on for like 10 or 12 days at this point) and I stood my ground and we could not make a deal, which, ultimately I'm actually grateful that fell through because that truck had like $6k less in options than my truck and 10k more miles on it. Nice looking truck though but man are they stubborn. . . I know I was being stubborn too, I just wanted to meet in the middle.
I made another deal on one out in Virginia (about 10 hours from me) and we had it all set up and as I was driving to the dealership, their general manager called me and said "I'm sorry but another salesman already had an offer on this truck." Which sucked but I knew that meant the other salesmen had a better offer or the customer was financing through that dealership or whatever. Even though I was only about 30 minutes into my journey, I turned around, I kinda felt defeated a bit and I was really just about ready to give up because it was frustrating to find what I wanted for a price I was willing to pay but get a trade in offer that was acceptable you know? It feels like a juggling act and it's incredibly exhausting at times.
About 3 days after that deal fell through I got a call from a dealership just south of Cleveland (so only 4.5 hours from me) called, we talked back and forth, they offered me the most for my truck ($2k more than I paid for it a year ago) and the F-150 they had for sale had everything I wanted (almost the same as the other truck in VA) plus a few more things, it only had 5k miles on it and it was $6k under MSRP. plus they only charged $250 in their paperwork fees, the one in VA STARTED off at $899 in fees and started trying to add $999 in more fees. Anyway, in the old days, (to me) $6k off MSRP for a one year old vehicle w/5k miles wouldn't have been a great deal or anything to brag about but in this market, I was thrilled. . . and they didn't sell it out from under me so there was that. Around where I'm at, here in Indianapolis, I see crap like this. 2022 F-150 full MSRP plus "market adjustments" starting at $2k, $3k, etc. I've seen Ram's marked up $5k, Denali's marked up $3k, etc. The typical deal I would see is a 2 or 3 year old F-150, w/20k -30k miles on it, with an asking price of full MSRP of that truck brand new 2-3 years ago. A lot (not all) but a lot of Ford's you can get the MSRP label for free if you go here : https://www.windowsticker.forddirect.com/windowsticker.pdf?vin= and tack the vin on at the end of that link. I ended up having to go to monroneylables.com and buying a few window stickers just so I could see all the options, the original price, etc.
I got my own financing ahead of time, my local credit union was offering 2.5% for 5 years if I wanted to go out that far and I found a dealership online that sells Ford factory warranties for $50 over cost, I've yet to find anyone that will match their pricing so I will probably go with them for the extended warranty, I haven't purchased that warranty yet, still mulling it over.
So, you can find a decent deal in this market, it's not easy, it takes a lot of time and patience but I believe if you have your heart set on it, do your research, stand your ground, you can find a good deal. . .not great but you don't have to get ripped off.
This is what we're looking for. Kia Sorento PHEV SX-P. Dealers are anywhere from 3-7K over sticker, orders are 3-12 months out (been told various timelines) and 1500+ over sticker. I'm willing to fly to get one at sticker.Nice job but it takes time. I found a new suv that we like but it is 12 hours from us hybrid vehicle at sticker, still to much IMO.
That’s my plan. My job is stable but that’s the best part about it. We’ve discussed getting a telluride or highlander but our odyssey continues to run just fine. When son #2 goes to college, leaving only 3 at home, the SUV makes sense.I would and hold off buying another until we are deep into this recession.
Only issue is it will leave us with my wifes mini van (2015) and our not yet driving 15yo son 2016 Hyundai (pretty bare bones). Not sure if I'll make it through the winter without heated seats and he'll be driving in April. Kind of a small window for prices to drop significantly.I would and hold off buying another until we are deep into this recession.
Depends on the rest of your leasing terms. If you have reasonable payments with a good interest rate on your lease, then there's no need to buy it now. You are literally and figuratively in the driver's seat because that payoff amount is locked in from the terms of the lease.The purchase quote on my 2020 equinox lease is $21000. I only have 23k miles and have 12 more months on the lease. Should I just buy it outright now? I don’t have time to do nationwide searches, prefer to do business locally.
We pivoted and ordered a Model 3 Performance. Decided to keep the minivan a little while longer. Car dealers (and that whole system) just need to go. So easy (almost too easy) to just go online and order a Tesla.This is what we're looking for. Kia Sorento PHEV SX-P. Dealers are anywhere from 3-7K over sticker, orders are 3-12 months out (been told various timelines) and 1500+ over sticker. I'm willing to fly to get one at sticker.
Agreed Tesla has it right when it comes to ordering cars, no pressure, add ons, etc.We pivoted and ordered a Model 3 Performance. Decided to keep the minivan a little while longer. Car dealers (and that whole system) just need to go. So easy (almost too easy) to just go online and order a Tesla.
2000 Jeep CherokeeAverage U.S. vehicle is now a record 12.2 years old
Agreed Tesla has it right when it comes to ordering cars, no pressure, add ons, etc.
I think some other automakers are trying to move away from the dealership model (particularly with how they are not thrilled with the markups going on these days) but, surprise, surprise...... dealerships have a really good lobby group to help keep laws in place to prevent it.Agreed Tesla has it right when it comes to ordering cars, no pressure, add ons, etc.
According to Consumer Genesis has the highest satisfaction out of any brand. They must be doing something right.Anyone have any insight to the Genesis GV70? Wanting to buy one in the next few weeks. Would love to have the top of the line model with the larger engine and all the bells and whistles but WOW when did car payments push over 1k monthly? Guess it might be time to blow the dust off the wallet and put down some cash.