Current New Vehicle Market

Stanger00

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Here’s the info on the tundra situation. I even read that dealers stopped taking them in on trade because of it. No idea how true that is.

Tundra recall
I see the recall is for 22 and 23 MY’s. I’ll keep that in mind if we do look at pre-owned.

Maybe someone will send out the warranty repair instruction. I wonder if they are just going to slap in a new set of main bearings and send it.

I’m sure CarMax and Carvana is buying these without a care in the world.
 

5.0 Hatch

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I see the recall is for 22 and 23 MY’s. I’ll keep that in mind if we do look at pre-owned.

Maybe someone will send out the warranty repair instruction. I wonder if they are just going to slap in a new set of main bearings and send it.

I’m sure CarMax and Carvana is buying these without a care in the world.
No idea. I do give Toyota props for issuing a recall, any other manufacturer would have done a tsb.
 

IA Shelby

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I’m in this bucket, lol. We’re considered upper middle class but I’m cash poor, haha. It’s a slow crawl out but 18 months away from our goal.

2018 Kia Sorento 85k miles
2010 Nissan Sentra 206k miles
2003 Toyota Tacoma 250k miles
Just sold my 600hp 2000 Mustang GT :(

Once my 3 year old is out of daycare her $1500 a month will move over to a 2024 truck and travel trailer. Wife wants a Tundra and I want a 7.3 super duty because travel trailer is looking to be 30ft.
So then you are back to being cash poor??
 

Stanger00

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So then you are back to being cash poor??
No, daycare is not our main driver from for our cash flow problem. She exits daycare in 12 months and in 18 months we show on our burn down to paying down CC debt a point where our bonuses in 2026 will pay off the remainder.

We lost the 0% transfer game but it kept us afloat while I was under paid for 2 years.
 

Call me Chief

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You clearly didn't take a drive around the neighborhood before posting that garbage.

At this point you're arguing with yourself lol Do I think 9% is a stellar interest rate, no. Do I think it's better than what it's been in the past, yes. Is it worth paying it if it's your only means for reliable transportation, yes. Would I focus on paying it down faster, yes.

IM NOT ARGUING ANYTHING CONTRARY TO WHAT YOU SAID, EXCEPT...

You ended that with an idiotic, contradicting comment. Why pay cash for a depreciating asset, instead of making money on your money? 23 F150s are 1.9% for 72. Only a fool can't make 1.9%+ per year for 6 years on their money.

Your posts are dumb. I don't think you're dumb, but I also don't think you read/think through your posts before hitting "post reply".
"23 F150s are 1.9% for 72. Only a fool can't make 1.9%+ per year for 6 years on their money."
Exactly, so even if you have the full cash amount in hand to buy a vehicle you would be losing money to do that. Take the loan at 1.9% and keep your money in something like a CD or money market account earning around 5% currently. Now you have the new vehicle and still earning 3% net on your money.
This should not be considered financial advice from me, just my opinion.
Consult your financial advisor. Make sure your advisor is a CFP.
 

CompOrange04GT

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No, daycare is not our main driver from for our cash flow problem. She exits daycare in 12 months and in 18 months we show on our burn down to paying down CC debt a point where our bonuses in 2026 will pay off the remainder.

We lost the 0% transfer game but it kept us afloat while I was under paid for 2 years.


Maybe I’m different. But ain’t no way I’m relying on a bonus given by an employer 2 years from now to dictate my financial future
 

_Snake_

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I see the recall is for 22 and 23 MY’s. I’ll keep that in mind if we do look at pre-owned.

Maybe someone will send out the warranty repair instruction. I wonder if they are just going to slap in a new set of main bearings and send it.

I’m sure CarMax and Carvana is buying these without a care in the world.
A lot of people are predicting that the recall will be expanded to include the 2024’s.
 

Coming Up

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Hey Cobra,
Should I lease a 24 hybrid xl Maverick at 64% residual on 36/10 in hopes of selling it for the equity or purchase?
 

Corbic

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Corbic

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So what's everyone's thoughts on our modern mega dealerships and the massive overhead they must have?

I do recall looking at a Challenger at a Old-school dealer in Michigan City. Basically looking like the 2nd photo.

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SVT-BansheeMan

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It's going to be a long night. Picking up my new frontier in the AM.

It's amazing how one dealer emailed me right away with the OTD price and the other literally took ten.
 

jpro

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someplace warm
Interesting find...a local, high-volume dealer has a 2021 Mach 1 (FJG, Tremec, leather Recaros, upgraded wheels but not a handling pack car). It is a BRAND NEW 2021 with 5 miles (never registered/sold and they are selling as new). MSRP is $60K. What happens with a car like this? It is a 3-year-old NEW car, so should they expect to get far less than MSRP for it because as soon as the buyer drives it off the lot the depreciation is going to be exponentially worse than a current model year new car? Or can they expect MSRP because it is a "specialty" vehicle? Thoughts?
 

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