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Used car prices
Posted on 11/27/22 at 9:54 pm
Posted on 11/27/22 at 9:54 pm
In the market for a new (to me) car.
Any feedback on 3 -4 year old used vehicles? Wait?
Any feedback on 3 -4 year old used vehicles? Wait?
6
Posted on 11/27/22 at 10:53 pm to Kreg Jennings
You rarely lose on Lexus/Toyota.
Posted on 11/28/22 at 5:12 am to Upperaltiger06
Funny you say that. Am leaning toward a 3-4 year old Lexus. ES 350
Posted on 11/28/22 at 6:27 am to Kreg Jennings
If you need one, you might not be able to wait. My experience was terrible and I struggled finding anything good for a decent price. I feel like I lucked out getting a Certified 2019 Honda Civic with 5K miles for $23k at a Honda dealership.
Posted on 11/28/22 at 6:53 am to StringedInstruments
I don’t necessarily need one. My car is 10 years old with 120K miles. Time to upgrade to some updated safety features.
Posted on 11/29/22 at 12:29 pm to Kreg Jennings
Hold on to your current for now.
Posted on 11/29/22 at 12:50 pm to LSUtiger89
Used car prices are going down, 5% in last 3 months roughly...but they are still definitely overinflated quite a bit. But the good news is the market is crumbling even if it's a bit slower than it inflated...who knows when the right time to buy will be, could be months, could be another year, maybe it's not till 2024, but things are going back in the right direction.
Posted on 11/29/22 at 8:36 pm to thunderbird1100
According to blackbook wholesale prices have crumbled 1% a week since June. I think people will find that while retail prices haven't moved much, trade in values have plummeted. If you have to buy today, I think there is zero reason to pay any dealer markup. If anything you should be able to negotiate especially as we head towards end of year
Posted on 12/12/22 at 5:41 am to LSUtiger89
quote:
Hold on to your current for now.
I might have to. Having trouble finding what I want at decent price locally. Anything I’d pull the trigger on is hours away in Houston or Dallas.
Hoping to catch one close to year end they want to sell and not pay taxes on.
Posted on 12/13/22 at 8:40 am to Kreg Jennings
Used car prices are insanely high right now. My daughter's car was totaled recently, no serious injuries thankfully. The same make,model,year etc with roughly same mileage are selling for more than what I paid for it in 2016. Double-edged sword.
Posted on 12/14/22 at 10:01 am to Kreg Jennings
Word is that prices are starting to come down
Posted on 12/14/22 at 10:23 am to Kreg Jennings
I’m about to get my wife one. I’m worried that if we wait and the market crashes more that we’ll get upside down on her loan. So I figure it’s best to bite the bullet now while we can still make money off of the trade-in.
Posted on 12/14/22 at 12:45 pm to Kreg Jennings
just traded in a 17 for a 19
got 3k less than paid for the 17 on trade. overpaid for the 19 slightly because it was absolutely loaded for a full size SUV.
Whats going to kill you right now is interest rates on used cars are 7% or worse.
I fenagled a line of credit with my bank for much less but since it was a business vehicle they worked with me.
got 3k less than paid for the 17 on trade. overpaid for the 19 slightly because it was absolutely loaded for a full size SUV.
Whats going to kill you right now is interest rates on used cars are 7% or worse.
I fenagled a line of credit with my bank for much less but since it was a business vehicle they worked with me.
Posted on 12/14/22 at 12:49 pm to YumYum Sauce
We got 2 new rides in 2019. Never been happier. Hated getting 2 cars in the same year but it's been a blessing. Sometimes better to be lucky than good
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