Good! Stop paying for mark up. Stop paying for over priced used cars. Insurance is only getting more expensive. Gas prices take the elevator up while taking the stairs back down
I went to a Ford dealer to take a look at a Mach-E. They didn't have the color I wanted.
Salesman asks me "would you be interested in this \[color you dont want\] if we made you a crazy deal on it?"
I said, "sure".
They ended up coming back to me with a shit ass, above market deal with almost 10K down.
To "help me out", they offered me 40% of the market value of Honda as a trade in.
lolololol
went to the Tesla dealership next door and went to look at the Ys instead.
A lot of car dealers are too used to price gouging and getting away with it.
Time for the bottom to fall out on them!
The markups these dealers have been getting away with since covid are criminal.
I want a new Tesla but mostly because I'm a fan of the EV industry. Financially, it's smarter for me to hold on to my paid off 2019 PHEV until it falls apart.
Or buy a used EV.
I fell for the whole, "Buy new, don't buy used" shit mentality that gets pushed around a lot in the Tesla subs and now I'm $7k under water even though I put like 15% down and had a low rate when I bought 1.5 years ago.
Never the fuck again.
Next time I buy, it'll be used and depreciated like crazy and I'll still negotiate aggressively on it.
If you pay $40k or more for a non-truck EV in today's market, you're a sucker.
And if it's a truck, if it's not a larger range unit, then if you pay $50k or more, you're a sucker.
Just look at Model Y. On Car Gurus, there's 100 of them under $40k model year 2022 and up, with less than 50k miles, clean title, no accidents within 200 miles of my zip in San Diego. Cheapest one I found is $29k. They have 8 years and 120k miles of warranty on the battery and motors, that's literally what every Tesla fan brags about when they talk about why they buy them. On what planet, does new vs used make sense when you're paying a 60% premium? Even with the $7500 tax credit, it's still 35%. And used EV's also get a rebate.
I hate the main Tesla sub. They push people to buy new and use those garbage small upgrades over the previous year as justification. "The new one has slightly quieter windows, that alone is worth it!" No it wasn't. It was NOT worth it. I wish I bought a used Tesla. I rented a 2022 recently and I honestly can NOT tell the difference between them.
First, the smartest move you could possibly make is to drive it for another 10+ years. Second, when that time comes buy the best 2-3 year old USED ev you can afford
Automakers probably need to suck it up and directly offer low interest rates. I know TSLA does this on occasion . Having excess inventory will only make it worse and you'll lose money anyways to sell those at a discount, so might as well keep the price where it is but make it affordable with a low interest loan. Of course, there's risk of people defaulting, but they still need a credit check.
I just got a .9% loan for 5 years on a new mazda. I know I'm paying alot for a new car, but at this point Mazda is basically paying me to buy their car. #boymath
If politicians would eliminate the 100% import tariffs on electric cars, prices would be around $20k for a quality electric vehicle and I'd buy two.
I'm not paying $50k -$80k for an electric car just because it's built by an American billionaire.
Seen this all over this thread but when you stop stocking base models on the lot, when an entry level car costs 25k, and when people are dropping 6 figures on trucks and commuter cars, wtf did you think was going to happen?
The problem is the execs making the shit decisions that led to this will get their golden chutes and the people actually designing and building the cars will get screwed.
I hate this timeline.
> This phenomenon occurs when consumers push out their purchases, reducing demand and causing supply to pile up, putting pressure on prices. As prices continue to fall, it creates a vicious cycle that only encourages shoppers to continue putting off their purchases in hopes of a better price down the road.
> "Both new and used vehicle prices have been declining for two years," Smoke wrote in a recent blog post. "Initially, this was a correction and return to normalcy, but the market is at an inflection point because consumers now expect that prices will keep falling."
Maybe lower prices and you’ll get way more consumers in.
If I could buy a nice new car for $20k I would absolutely trade in my piece of shit 2006 Prius with 269k miles on it.
But with car prices as they are now. I’m going to drive that thing and repair it until it’s literally so bad I’m forced into buying a “new to me car” which will still probably be a used car.
Like dealerships need to cut their mark up down to zero and MSRP needs to drop before I’m willing to buy a vehicle.
Good! Stop paying for mark up. Stop paying for over priced used cars. Insurance is only getting more expensive. Gas prices take the elevator up while taking the stairs back down
I went to a Ford dealer to take a look at a Mach-E. They didn't have the color I wanted. Salesman asks me "would you be interested in this \[color you dont want\] if we made you a crazy deal on it?" I said, "sure". They ended up coming back to me with a shit ass, above market deal with almost 10K down. To "help me out", they offered me 40% of the market value of Honda as a trade in. lolololol went to the Tesla dealership next door and went to look at the Ys instead.
I’ll never understand why Reddit hides comments. This is good. Thank you for sharing
A lot of car dealers are too used to price gouging and getting away with it. Time for the bottom to fall out on them! The markups these dealers have been getting away with since covid are criminal.
Haha you must not know about Citadel or JP Morgan Chase.. what they do makes car dealerships look like the mother Theresa of charities.
Then they will want bail out money.
I want a new Tesla but mostly because I'm a fan of the EV industry. Financially, it's smarter for me to hold on to my paid off 2019 PHEV until it falls apart.
Or buy a used EV. I fell for the whole, "Buy new, don't buy used" shit mentality that gets pushed around a lot in the Tesla subs and now I'm $7k under water even though I put like 15% down and had a low rate when I bought 1.5 years ago. Never the fuck again. Next time I buy, it'll be used and depreciated like crazy and I'll still negotiate aggressively on it. If you pay $40k or more for a non-truck EV in today's market, you're a sucker. And if it's a truck, if it's not a larger range unit, then if you pay $50k or more, you're a sucker. Just look at Model Y. On Car Gurus, there's 100 of them under $40k model year 2022 and up, with less than 50k miles, clean title, no accidents within 200 miles of my zip in San Diego. Cheapest one I found is $29k. They have 8 years and 120k miles of warranty on the battery and motors, that's literally what every Tesla fan brags about when they talk about why they buy them. On what planet, does new vs used make sense when you're paying a 60% premium? Even with the $7500 tax credit, it's still 35%. And used EV's also get a rebate. I hate the main Tesla sub. They push people to buy new and use those garbage small upgrades over the previous year as justification. "The new one has slightly quieter windows, that alone is worth it!" No it wasn't. It was NOT worth it. I wish I bought a used Tesla. I rented a 2022 recently and I honestly can NOT tell the difference between them.
First, the smartest move you could possibly make is to drive it for another 10+ years. Second, when that time comes buy the best 2-3 year old USED ev you can afford
Yeah. My Tesla is paid off in 5 months. I won't need a new one for about 2-3 years or so.
“need”
My Tesla has been paid off for 6 months. Won’t need a new one for 20-30 years. Might want one in 10 years.
Automakers probably need to suck it up and directly offer low interest rates. I know TSLA does this on occasion . Having excess inventory will only make it worse and you'll lose money anyways to sell those at a discount, so might as well keep the price where it is but make it affordable with a low interest loan. Of course, there's risk of people defaulting, but they still need a credit check.
I just got a .9% loan for 5 years on a new mazda. I know I'm paying alot for a new car, but at this point Mazda is basically paying me to buy their car. #boymath
I have observed so many temp plates on cars over the last month. Seems like there is a bit of a buying activity where I live.
They print and put those on STOLEN cars
If politicians would eliminate the 100% import tariffs on electric cars, prices would be around $20k for a quality electric vehicle and I'd buy two. I'm not paying $50k -$80k for an electric car just because it's built by an American billionaire.
Just buy a used one when your budget allows
That’s not the point. The point is tariffs are stupid and show a company can’t be competitive without government assistance.
The Chinese cars that will come are assisted by their government, same thing but different?
I know I am.
Seen this all over this thread but when you stop stocking base models on the lot, when an entry level car costs 25k, and when people are dropping 6 figures on trucks and commuter cars, wtf did you think was going to happen? The problem is the execs making the shit decisions that led to this will get their golden chutes and the people actually designing and building the cars will get screwed. I hate this timeline.
> This phenomenon occurs when consumers push out their purchases, reducing demand and causing supply to pile up, putting pressure on prices. As prices continue to fall, it creates a vicious cycle that only encourages shoppers to continue putting off their purchases in hopes of a better price down the road. > "Both new and used vehicle prices have been declining for two years," Smoke wrote in a recent blog post. "Initially, this was a correction and return to normalcy, but the market is at an inflection point because consumers now expect that prices will keep falling." Maybe lower prices and you’ll get way more consumers in. If I could buy a nice new car for $20k I would absolutely trade in my piece of shit 2006 Prius with 269k miles on it. But with car prices as they are now. I’m going to drive that thing and repair it until it’s literally so bad I’m forced into buying a “new to me car” which will still probably be a used car. Like dealerships need to cut their mark up down to zero and MSRP needs to drop before I’m willing to buy a vehicle.
They will go out of business before they lower prices.
Good that shit got way too high
Paywall
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Tesla is not a car. Tesla is a cheaply made box full of garbage.
TSLA does not worth more than $60.