Brands that hold value purchased at msrp shouldn’t take too much of a hit in 3 years. Unless there’s a complete market collapse. Buying a 27k camry for 27k vs 23-24k (2020 pricing) doesn’t seem like a terrible option in this market. If you buy something reliable, popular, and that has good mpg I don’t think you will lose much if anything in the next few years. I could see that above example working out to around 300-350/mo actual cost.
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Peak insanity is far from over due to lack of inventory.
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Doesn’t look like it’s ending anytime soon. My sister bought a 2019 MB GLE 450 2 years ago for 45,749 and just sold it to a Kia dealership with 30,000 more miles last week for $45,000.
I have a 2019 Infiniti Q50 Signature Edition 39 month lease ending this December and I’m afraid I may have to buy it out since it may not be worth trying to get in a new lease. I’ve been paying around $299.00/month nothing down on my last 2 Q50’s since 2016.
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I’ve often wondered about the 10k thread. Buying cars that are like 10-15 yrs old with 100k + miles. Not sure that is a win vs buying a civic or comparable new and just financing it even if paying slight premium on msrp.
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Yes but that is offset due to demand-adjustments stemming from higher interest rates and fuel prices - prices are steadily falling.
the guy who runs Zerohedge is a bulgarian securities fraudster who is banned from entering the US
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Insider trading to the tune of $1000? He’s actually a very intelligent man and has a resume that would put most people to shame along with a genius level iq.
I agree he’s sensationalist at times (doom sells) but much of what he prints has manifested in the past few years.
Regardless the article was sourced and the figures are correct.
He also lives in the USA as far as I know. He was never “banned”
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Agreed. At least around here anything $10k currently would be worth no more than $2-3k pre-craziness… and is nearly ready for the scrapyard.
So you can overpay by $7k for some junk or you can overpay by $7k for something newer.
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this is getting off topic, but ZH has a very anti-american bias. I consider him part of the cadre of foreign internet trolls that are trying to chip away at american society.
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Calling a spade a spade isn’t anti American. I’m sure he enjoys the spoils of capitalism like any immigrant and hard working intelligent American. His entire career is a success story. Libertarians are the pinnacle of what it means to be American. Embracing small decentralized govt is how America was founded and constitutionalized.
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It is also quite racist and antisemitic, stopped visiting the site years ago because of this.
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Examples please.
Never mind it’ll be offramped. Criticizing a movement for its motives isn’t racist.
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I haven’t been on the site or clicked on a link in years. But if I remember correctly it was mostly all in the comments, and it was all allowed. I am Jewish, so the ones I remember most are the Jewish conspiracy theories how Jews are destroying the market/world, and the nazi propaganda that would follow.
Not complaining about its existence, but not a place I would ever click a link for again.
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Comments are typically protected by free speech. That doesn’t have anything to do with the website. Many comment sections have plenty of racist trolls on them. Hard to ban them without banning all speech. Almost every website has issues with moderating. Many closed comments entirely due to it.
It’s entertainment with a financial twist and a lot of the articles are spot on. But at the end of the day it’s more entertainment then news. Kind of like most news these days. There’s few real journalists anymore.
I only linked the article bc it was based on the auto sector and the data was factual.
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are MMR values worth anything now?
I ask since see folks seem to be getting lower then MMR for their trade in for same MY vehicles but new ground stock is virtually nil.
Those are very different budgets. Sub $5,000 private party vs $25,000 retail with doc fees, TTL and higher insurance premiums.
Then the question arises of how easy it is to find a Civic at slight premium over sticker. Or a comparable car like an Elantra, Forte, etc you’re looking at a delta of $10,000+ between your OTD price now and what it will be worth in 3 years in a more normal market. And that’s just the depreciation portion of TCO. Doesn’t include interest, insurance, etc.
LMC Automotive on Thursday cut its outlook for 2022 U.S. sales again, to 15 million units, from 15.3 million, citing May’s weaker-than-expected tally. U.S. sales of new cars and light trucks rose 3.3 percent to 15.06 million in 2021, a slight recovery from 2020 when the pandemic upended volume.
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I have seen a few ZH articles over the years. Just went there to confirm again and it is nothing but doom porn. That’s all it’s ever been. Too much exposure makes people angry and frustrated. It leaves people ultimately hopeless and not able to properly plan for the future; eg “the stock market is about to collapse”.
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This one seems a bit more factual than his typical Armageddon predictions. I agree with the comments that the ZH guy is a highly intelligent individual, but I lost respect for him because of his Covid coverage.
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It’s been 3 full months and the car is still sitting on the lot?!
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