Domain: tiger-web1.srvr.media3.us The car market seems like its gotten even worse. | O-T Lounge
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The car market seems like its gotten even worse.

Posted on 4/24/23 at 1:50 pm
Posted by thadcastle
Member since Dec 2019
2843 posts
Posted on 4/24/23 at 1:50 pm
I have been keeping any eye on the car market because sometime in the next year I would like to purchase a new car. I kept seeing articles saying prices are expected to fall in 2023 but it seems like they are still going up. Finding a full size SUV used or new for under $55k is pretty damn difficult. I could afford to spend more but I have a hard time spending a lot of money on cars when every time you start it you lose money.
Posted by Gifman
Member since Jan 2021
18194 posts
Posted on 4/24/23 at 1:50 pm to
Space the payments out across 96 months baw
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4422 posts
Posted on 4/24/23 at 1:52 pm to
The "CAR" market is bad...the "SUV/TRUCK" market is hot.
Posted by tigerinthebueche
Member since Oct 2010
37865 posts
Posted on 4/24/23 at 1:52 pm to
Will be artificially inflated for perpetuity. Good luck.
Posted by Shexter
Prairieville
Member since Feb 2014
19658 posts
Posted on 4/24/23 at 1:52 pm to
quote:

. Finding a full size SUV used or new for under $55k is pretty damn difficult.


You're shopping wrong if you're concerned with the total price . Simply tell them what kind of monthly payment you want, and they'll extend financing to make it work.





This post was edited on 4/24/23 at 1:54 pm
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
70226 posts
Posted on 4/24/23 at 1:52 pm to
quote:

Space the payments out across 96 months baw




I know you are joking but have you seen interest rates? Even great credit you will pay a few %
Posted by Tshiz
Idaho
Member since Jul 2013
7974 posts
Posted on 4/24/23 at 1:52 pm to
Buy a used 4runner
Posted by tigerbutt
Deep South
Member since Jun 2006
26207 posts
Posted on 4/24/23 at 1:53 pm to
Dealerships in Louisiana are empty right now. All Star Denhams lot doesn’t have any trucks. Crazy.
Posted by Macfly
BR & DS
Member since Jan 2016
10174 posts
Posted on 4/24/23 at 1:55 pm to
They're preparing us for the high priced, greedy profit EVs that aren't worth the high prices. Manufacturers are presently ramping up EV production and are trying to immediately recoup those EV production adjustment costs as well as the profits lost when the Dems shut down our economy for a year and a half.
Posted by FriscoKid
Red Stick
Member since Jan 2005
5195 posts
Posted on 4/24/23 at 1:56 pm to
Just wait until you see the interest rates on new and used! A 50-55k vehicle with little down payment is going to run you 900-1200$ per month depending on your credit score
Posted by notiger1997
Metairie
Member since May 2009
61594 posts
Posted on 4/24/23 at 1:56 pm to
It was stated more than a few times in here late last year that the market for vehicles was about to crash. One guys buddy was in the repo market and said their lots were full of repos and that was proof. LOL

Posted by thadcastle
Member since Dec 2019
2843 posts
Posted on 4/24/23 at 1:59 pm to
quote:

Buy a used 4runner

I would like something a little larger.
Posted by Chad504boy
4 posts
Member since Feb 2005
176899 posts
Posted on 4/24/23 at 2:03 pm to
quote:

full size SUV used or new for under $55k is pretty damn difficult.


buy a palisade and call it a day
Posted by LSUfanNkaty
LC, Louisiana
Member since Jan 2015
11947 posts
Posted on 4/24/23 at 2:03 pm to
quote:

Simply tell them what kind of monthly payment you want, and they'll extend financing to make it work.


Do they make a 360 month finance option?
Posted by MrJimBeam
Member since Apr 2009
12993 posts
Posted on 4/24/23 at 2:05 pm to
quote:

I know you are joking but have you seen interest rates? Even great credit you will pay a few %



Hopefully Biden doesn't decide to subsidize the higher credit score people for lower credit score people on car loans next. But to be honest, the FHA loan sham of a bill is just the tip of the iceberg.
Posted by thadcastle
Member since Dec 2019
2843 posts
Posted on 4/24/23 at 2:07 pm to
quote:

Just wait until you see the interest rates on new and used! A 50-55k vehicle

I was hoping to pay cash so I don't have to mess with interest rates.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
59161 posts
Posted on 4/24/23 at 2:09 pm to
quote:

Buy a used 4runner


Not a full sized SUV you non reading oaf.
Posted by AlumneyeJ93
Member since Apr 2022
912 posts
Posted on 4/24/23 at 2:10 pm to
Drove by the local Ford dealer on Sunday. They have (5) 2022 F150's each with a Black Widow package for around $100K if you need one.

They look pretty damn cool but too much green for me.
Posted by SaintEB
Member since Jul 2008
23576 posts
Posted on 4/24/23 at 2:14 pm to
How old are you willing to go? How many miles can you live with on a used one? What Make/Models are you looking at?
Posted by magicman534
The dirty dell
Member since May 2011
1831 posts
Posted on 4/24/23 at 2:20 pm to
quote:

Finding a full size SUV used or new for under $55k is pretty damn difficult.


Had that issue in Feb. wanted another Yukon but GMC wouldn’t come off msrp. Wound up buying an armada SL. Msrp was 63 and I paid 58 I believe. Bayou Nissan in Nola had an SL for 53k but my wife didn’t want blue. Supreme Nissan in slidell had a grey SL for 57, and white one for 58. Think as far as full size SUVs Nissan is the best deal. GMC, ford, Toyota aren’t dealing. We are very happy with the armada so far.
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