A good time to be buying a car ???

[Scott McD]

Unless you live in a shithole and it will potentially get smashed the fuck up or burnt out obviously.



Keep hearing people say now is the time to buy because of the recent slump and so the deals are amazing blah blah.

My wife picked up a new car yesterday but for me i don't see much in the way of great deals to be honest. Nothing special anyway. She kinda needed a new car (since hers was past it's best) but for me it would be a case of just wanting rather than actually needing one.




Wondering if anyone else on here has found it a good time/year to go car shopping...

[plsureking]

there's not any added pandemic benefit now. march to may had some pretty serious deals. i saw some new cars 20-30% off. now its just an incentives game as usual. all the new incentives come out on the 1st.

#

[Scott McD]

Originally Posted by plsureking

there's not any added pandemic benefit now. march to may had some pretty serious deals. i saw some new cars 20-30% off. now its just an incentives game as usual. all the new incentives come out on the 1st.

#

Yeah i spoke to one particular car dealer who seemed to be desperate to show me the mega deals they had. When i questioned him on a few things it turned out he didn't actually have anything of interest and was just trying to use covid as an excuse to sell cars without actually having anything worthwhile on offer...

[Ferus]

Wait a year or two if you can. The next gen. Electric and hybrid cars will be available(cheaper) + the current gen will be on sales used, and the last of the petrol/diesel cars will be on sale REAL cheap.

Right now the industry is on the brink of a huge shift, waiting for the first infrastructure to be in place, so they can release the hydrogen fuel cell electric cars (like the Badger I'm waiting for https://nikolamotor.com/badger)

[plsureking]

Originally Posted by Scott McD

Yeah i spoke to one particular car dealer who seemed to be desperate to show me the mega deals they had. When i questioned him on a few things it turned out he didn't actually have anything of interest and was just trying to use covid as an excuse to sell cars without actually having anything worthwhile on offer...

we bought a car in May. the finance guy actually explained to us that the incentives are a bad deal because you end up with a higher interest rate (and spend more in the long run). we got cash back, which we added to the down-payment.

most dealers were doing 0% interest a few months ago. we got a rate of 2.5%. pretty cheap money.

#

[Goethe]

Same story in Oz. Loads of blather about vivid discounts blah blah but not reflected in actual discounts. Prices if anything are higher than 6 months ago.

Same with house builders they’re all pushing “discounts” but when you get down to the detail, they’re just cutting inclusions out and then selling them back on. I think they’re in for a big wake-up call pretty soon

[MakeMeGrrrrowl]

GMC was having a deal in July for qualified buyers for no interest! I was approved for that deal. My dealership did not have the color vehicle I wanted but a few others did. They would NOT give it up since they don't know when they new ones are coming out due to production. Stingy fuckers.

I lost the deal. Was super pissed. Was going to be 8800.00 saved.

August I had to take the employee discount of 3500 - and go to a further dealership where they had the color vehicle I wanted.

My interest rate is 3.24 so I don't feel like I got any great deal.

[CurrentlySober]

Mines due on around the 11th of next month

[Ferus]

Originally Posted by CurrentlySober

Mines due on around the 11th of next month

Gonna fuck it up like you do EVERY new computer you buy?

[Rochard]

I don't think I'll ever buy a used car again. The moment you drive off the lot you lose money.

The used car market is huge too now - so many people returning cars they can't afford.

[CurrentlySober]

Originally Posted by Ferus

Gonna fuck it up like you do EVERY new computer you buy?

? What computer have I ever fucked up ?

[Ferus]

Originally Posted by CurrentlySober

? What computer have I ever fucked up ?

Maybe not "fuck up" - bad choice of words, sorry. I just remember something about your PC's being a very long journey, like your gaming PC's and malware

[SekobA]

Why not? We live once so if you can afford a new car better have it now than later. Take advantage of it

[CurrentlySober]

Originally Posted by Ferus

Maybe not "fuck up" - bad choice of words, sorry. I just remember something about your PC's being a very long journey, like your gaming PC's and malware

No, I really think your mistaking me for someone else. I did build a gaming PC, about a year ago, and I posted the build pics on GFY etc, but it all went smoothly and I've never had malware. Perhaps your thinking off the entry I couldn't remove to DiRT Rally 2.0 ?

I tried booting via linux etc, but could never get it to go away !

[MakeMeGrrrrowl]

Originally Posted by Rochard

I don't think I'll ever buy a used car again. The moment you drive off the lot you lose money.

Isn't that true of any car unless it's a classic or something?

[NALEM]

Check online for dealer inventory. Those that have excessive number of cars from the previous years are motivated to sell at cost. Manufacturers consign the vehicles interest free for about 120 days. Thereafter the dealership is paying interest on a large credit line they use to maintain inventory.

You can buy a brand new "last year's" model for 22-25% off MSRP, and secure financing at a % that is appropriate for your credit rating. Solid credit history should earn you a 1.9 - 2.9% annual rate for 5-7 year term.

Good luck!

[Scott McD]

Originally Posted by Rochard

I don't think I'll ever buy a used car again. The moment you drive off the lot you lose money.

Isn't that the saying for when you buy a *new* car ??

[Scott McD]

Originally Posted by NALEM

Check online for dealer inventory. Those that have excessive number of cars from the previous years are motivated to sell at cost. Manufacturers consign the vehicles interest free for about 120 days. Thereafter the dealership is paying interest on a large credit line they use to maintain inventory!

Hmmm, never knew that cheers...

[eric_wahlberg]

Yes it is. Probably you don't pick up through auto loan in this corona crisis.

[NALEM]

Originally Posted by Scott McD

Hmmm, never knew that cheers...

Since 2004 I have purchased three personal vehicles all which saved me 22-24% each time.
What most people also do not know is that there are pre-sale rebates available to the customer, but also post sale rebates to the dealer, and additional cash to dealer incentives for having higher volume of sales.

2019 Year Model MSRP: 30,000
Normal -> Dealer Pre-Sale Cost (as displayed by KBB & Edmunds): 27,000
Normal -> Manufacturer to Dealer Post Sale Rebate (normal): 1,500
Extraordinary - Manufacturer to Dealer Post Sale Rebate for High Volume Dealers: 500
Extraordinary -> Manufacturer to Dealer Incentive When Sales Are Extremely Slow (to be kept by dealer entirely or applied partially or in full to discounting the final purchase price of the vehicle): 1,500 - 7,500

Dig deep enough into the internet, and you will learn what the current rebate numbers, and inventory levels are for each dealership. From the comfort of your home, call 4-5 dealers that have the car you want within a 100-500 mile radius and ask for the manager who handles "internet" sales. The reason is, they are accustomed to dealing with couch shoppers, and are prepared emotionally to sell vehicles on smaller margins of profit. With confidence, let them know you are ready to purchase a vehicle which is in their inventory, refer them the stock #. Advice them that you have located the same or similar vehicle at ___# of other dealers as well, that based on pre and post sales rebates available to the dealer, you are offering $_______________ (MSRP minus 22-25%), and if they agree, you are prepared to come down today to sign the paperwork.

Some will laugh, and play stupid with you when you dare ask for such as huge discount. Depending on the conversation, you either leave them your name and number, should they change their mind on the price they counter with, or some may tell you, I cannot sell you the vehicle for X, because the rebates are only Y & Z. Dig deeper on the internet to verify if they are telling the truth or they are way off from the facts. Whatever knowledge you gave gained, you can then apply to the next dealer you call. Always speak with confidence, and always leave your contact information, in case they change their mind. Some will get back to you within a few hours, others in a day or two.

Financing:
As long as you have solid credit, you should always know what the current best rates are. Credit Unions post their auto loan rates, and you can use it as a guide. When asked over the phone, if you will need financing, you tell them with confidence, that you are already qualified for the loan with your credit union at ___% (ie. 2.50), and you will use the credit union, but ... you are also open to the dealer providing the financing, as long as they line up an equal or better rate for you.

[Grapesoda]

Originally Posted by Scott McD

Unless you live in a shithole and it will potentially get smashed the fuck up or burnt out obviously.



Keep hearing people say now is the time to buy because of the recent slump and so the deals are amazing blah blah.

My wife picked up a new car yesterday but for me i don't see much in the way of great deals to be honest. Nothing special anyway. She kinda needed a new car (since hers was past it's best) but for me it would be a case of just wanting rather than actually needing one.




Wondering if anyone else on here has found it a good time/year to go car shopping...

what did she get? I'm thinking used vette myself...

[Rochard]

Originally Posted by NALEM

Check online for dealer inventory. Those that have excessive number of cars from the previous years are motivated to sell at cost. Manufacturers consign the vehicles interest free for about 120 days. Thereafter the dealership is paying interest on a large credit line they use to maintain inventory.

You can buy a brand new "last year's" model for 22-25% off MSRP, and secure financing at a % that is appropriate for your credit rating. Solid credit history should earn you a 1.9 - 2.9% annual rate for 5-7 year term.

Good luck!

This is true.

The only time I actually made money on a new car was a Mazda MX3. It was my first brand new car, stick shift, leather seats, sun roof, CD player.... While the car was brand new, it had actually sat on the lot for three years because it was... fucking purple.

This is a picture of my car back then - 1994? - but the car looks more red here than purple. Trust me, it was purple.



Anyhow, when I traded the car in.... I got $5k more than what I paid for it. I only had it for a year, didn't drive it that much, and because I bought it at such a heavy discount it was worth more used than what I paid for it.

I like buying used cars with 20k miles on them.... Cheaper and all of the kinks are worked out of them.

[Premium2020]

Vehicle prices will fall by spring, be patient...

[slapass]

I heard right now is a bad time as everyone is doing it instead of vacations.

[Scott McD]

Originally Posted by slapass

I heard right now is a bad time as everyone is doing it instead of vacations.

I kinda thought that actually. Apart from the job losses, many people still in work now have "spare" cash maybe that they had saved for vacations or general spending at weekends, bars, restaurants, sports events, gigs etc...

[Scott McD]

Originally Posted by Grapesoda

what did she get? I'm thinking used vette myself...

She went for an Audi...

[RyuLion]

Originally Posted by Ferus

Wait a year or two if you can. The next gen. Electric and hybrid cars will be available(cheaper) + the current gen will be on sales used, and the last of the petrol/diesel cars will be on sale REAL cheap.

Right now the industry is on the brink of a huge shift, waiting for the first infrastructure to be in place, so they can release the hydrogen fuel cell electric cars (like the Badger I'm waiting for https://nikolamotor.com/badger)

[k0nr4d]

Originally Posted by Rochard

I like buying used cars with 20k miles on them.... Cheaper and all of the kinks are worked out of them.

The only real advantage to a brand new car (unless it's a completely new model) is that you get to be the first to fart in the seats

[MaDalton]

i have not owned a car since 2012 - it's very liberating and saves a shitload of money.

in case I need a car, i use car sharing. there's a fleet of brand new cars all over my city and there is almost always one available in walking distance.

simply open with a chip card and off you go - everything covered in the usage fee, including gas

[NatalieMojoHost]

Got a new Kia Sportage this summer. So far very happy with the car. Got 1k EUR off plus some perks like a security system free of charge. I didn't get it on a whim - it was a necessity, but also I thought it was a good idea to dispense with loose money based on what's going on in the US - the dollar just might default.

[Grapesoda]

Originally Posted by MaDalton

i have not owned a car since 2012 - it's very liberating and saves a shitload of money.

in case I need a car, i use car sharing. there's a fleet of brand new cars all over my city and there is almost always one available in walking distance.

simply open with a chip card and off you go - everything covered in the usage fee, including gas

are the cars clean?

[MaDalton]

Originally Posted by Grapesoda

are the cars clean?

99% yes - if someone leaves a mess you know from the resevervation system who it was and the person would be called out & charged for cleaning

but of course not clean as in freshly detailed

[Mickey_]

Originally Posted by MaDalton

99% yes - if someone leaves a mess you know from the resevervation system who it was and the person would be called out & charged for cleaning

but of course not clean as in freshly detailed

Now with a FREE dose of COVID-19

[george MH]

Originally Posted by Ferus

Wait a year or two if you can. The next gen. Electric and hybrid cars will be available(cheaper) + the current gen will be on sales used, and the last of the petrol/diesel cars will be on sale REAL cheap.

Right now the industry is on the brink of a huge shift, waiting for the first infrastructure to be in place, so they can release the hydrogen fuel cell electric cars (like the Badger I'm waiting for https://nikolamotor.com/badger)

Good opinion .. I think the same .. thanks

[pm2000]

it is great time

[sonofsam]

The only time I have ever bought a new car was a Tesla model S and that's because there were no 2019s available. I usually always opt to buy a car 1 year old because the majority of the depreciation happens in that first year

[MaDalton]

Originally Posted by Mickey_

Now with a FREE dose of COVID-19

well, if you start thinking that way you cannot leave the house anymore at all.

Already the door handle of your buildings front door can potentially kill you.