It’s been interesting to see how everyone here is navigating the current market. I’m curious to know what the experienced hackrs would do if they had to get into a new vehicle in today’s market?
I’ve seen some folks say they’d just grab something off of SAL and wait to see if/how things improve, but I’m interested in what others would do.
I haven’t seen anything on SAL worth a second look in a long time.
Do I hypothetically have time to order something, or do I need something today?
I saw a 22 XC60 with temp tags today that was side-swiped/totaled, so I’ve been thinking about it all afternoon. I’d probably see what brokers had for loaners (LOL) and odd-ducks, then look at things that normally sell for close to MSRP (Subaru?) and see how close I could get.
I have a short list of used cars I’d also consider, one of them actually isn’t terribly over-inflated right now (ugly and nobody seems to like them), but my shopping mood would be influenced by how my current car met its demise, and whether I was in it at the time.
I can’t imagine anyone else shopping off it: there’s not a single truck, suv, or sedan on it, and it’s filled with my car hangups. The only suggestion I can make if you want a deal is “like cars that few other people like”.
What about the luxury car market, are there makes that would fit that too? I’ve seen some silly things for the usual suspects like bmw and mb (g63 excluded because it’s intrinsically silly) but what about makes like Porsche, LR?
I’ve been thinking about the used car market too, been having some fun with FRED data. The next XX months are going to be interesting to watch.
I need a car to commute back to work in the next month (sold my LT1). Would love a cheap lease, but leasing doesn’t make much sense right now, so I am looking at the following options:
Used Chevy Volt (around 21-24k for 2018 CPOs)
Have a deposit on a Tesla Model 3 SR+ (due March 2022)
Toyota Rav4 Prime XSE (at MSRP 46k may be here in Jan)
What I don’t want is to have the car depreciate a ton in the 3-4 years I will own it. Which one would you guys choose and why?
The name of the game is no longer leasing, it’s speculation. Niche cars are hard to come by today and with production being limited, the number of lightly used examples that will become available 1-2 years from now is going to be low so they will hold their value, not to mention they are not a priority for the supply chain. Personally, my SO and I decided to pull the trigger and pay cash for an Audi S5 convertible. In our market, asking is 10-15k over sticker, we got ours for 3k over including enclosed transport from halfway across the country. The reasoning for this gamble is that the very large dealers around us haven’t been able to get an allocation since August if not earlier, and still to this day are not able to get an allocation meaning that there are no cars that will be landing until at least 8 months from now. The supply chain issues are not going to get figured out until at least 2023 and the consumer market probably wont normalize until at least a year after that. The plan is to drive the car for two years and sell it back to close to what we paid for it. If all goes to plan this convertible will cost about as much as my lemon-lawed Range Rover Velar from 2018.