Looking to buy a car? Do it NOW
The car market has collapsed. Dealers have bulging inventory of new and used cars that had been priced out of reach. But it's now the end of the year, and they have passed the stage of eager, are now desperate, and will soon be in panic mode to sell. Wholesale prices on used cars have already started to drop at a rate that equates to almost $1000 a week for many models.
Now is the time to buy, but not to trade-in.
I bought one yesterday that was discounted over $5,000 and I got another $500 off that. As pure coincidence, my elder daughter just had a car totaled (for a VERY minor accident), and I'm selling her my old Highlander for the amount of her insurance check.) Win/win/win.
Don't wait. This panic sale will end after Jan 1 when the year-end incentives go away.
-
@papernicker, I did not mean to disparage you or the entire industry, Sir. I apologize If I came off that way. I do (however) know what was going on at the Nissan Dealership I worked at. That has been my only experience working at one. I do know that the Jeep Dealership I bought my Jeep at in 2014ish, took me for a ride, when I gave them a low ball take it or leave it price, then did not pay enough attention to the Interest rate they chatged me for my loan. I left with my Jeep, feeling pretty good. (I am sure they were laughing as I drove off.) I did not offer a Trade -In.
When I received all my paperwork a few weeks later, I saw what they had done. I called them up. (Crickets.) Whenever I go there for "Warranty work," they make a run at me to buy my Jeep back from me. (It is very nicely modified and I get a ton of compliments on it.) I just wait for them to finish talking, look them right in the eye and reply "You already screwed me once, why would I give you another chance?" Shuts them right up.
I know not all Dealerships are like that, (sounds like you work at a good one.) [But] Some are.
6 -
The single biggest thing hurting new car sales/leasing right now is the increased interest rates. Along with the time of year. New car sales are usually softest Jan-April. Manufacturers are trying to move what they can before Jan1st.
0 -
I don't know where you guys live that are talking about all these year end discounts, but a new (2024) 1794 Toyota Tundra is still the same price it was two years ago. $74,980. That is in WNC Ashville, area.
0 -
A '24 at the same price as a '22 IS discounted, my friend. It's likely that he has a few unsold '22s, a bunch of '23s and is getting weekly shipments of '24s - all on his lot.
Therin lies the problem for today's "stealerships": They're paying for vehicles they cannot sell. And THEIR interest rates are soaring, too. Smart ones start slashing prices to cost or even below just to have cash flow. Stubborn ones close the doors and go away.
3 -
@...: 29980404484251/comments/29980459599771
@papernicker, I did not mean to disparage you or the entire industry, Sir. I apologize If I came off that way. I do (however) know what was going on at the Nissan Dealership I worked at. That has been my only experience working at one. I do know that the Jeep Dealership I bought my Jeep at in 2014ish, took me for a ride, when I gave them a low ball take it or leave it price, then did not pay enough attention to the Interest rate they chatged me for my loan. I left with my Jeep, feeling pretty good. (I am sure they were laughing as I drove off.) I did not offer a Trade -In.
When I received all my paperwork a few weeks later, I saw what they had done. I called them up. (Crickets.) Whenever I go there for "Warranty work," they make a run at me to buy my Jeep back from me. (It is very nicely modified and I get a ton of compliments on it.) I just wait for them to finish talking, look them right in the eye and reply "You already screwed me once, why would I give you another chance?" Shuts them right up.
I know not all Dealerships are like that, (sounds like you work at a good one.) [But] Some are.
I wasn't offended at all and dont doubt anything you experienced just chiming in cause they are pretty nice where I am.
6 -
Let them close dealers artificially inflated prices and called it supply and demand. Now it is coming back to bite them.
3 -
With 10% inflation and post "Crazy Dealer Mark Up" I'm curious about the "sticker Price".
3
Please sign in to leave a comment.
Comments
37 comments