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Nov 3, 2022 16:32
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| # ? Jun 11, 2024 20:17 |
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Don't kid yourself that this is uniquely American. German ATPs went up over 20% between 2015-2020, in part because they're buying more crossovers.
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Nov 4, 2022 12:01
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I’m going car shopping this weekend. And next weekend. If I want to test drive a bunch of stuff, do I just call up a car max lot and say “hey can I test drive a bunch of stuff?”
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Nov 4, 2022 22:30
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Just show up.
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Nov 4, 2022 22:44
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Aye aye
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Nov 5, 2022 09:47
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Proposed Budget: $40k-ish, less would be good New or Used: New Body Style: almost definitely truck, but if there's a better idea I'll take a look How will you be using the car?: Needs 7500 lbs towing capacity and a back seat. 4WD preferred
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Nov 5, 2022 13:29
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You should be able to get a Ranger Lariat 4x4 for $39k MSRP that can tow that much. There's a couple of SUVs that can pull that as well, but they aren't going to be $40k new. Maybe see if you can find a used Yukon around that price? Other SUVs that may fit your requirements: Dodge Durango Jeep Grand Cherokee (7200 tow) In the small truck range new your options that can tow that much are: Ford Ranger In the normal truck range your options are: Base model f150 Base model Silverado Base model GMC Sierra Base model Dodge Ram Base model Tundra I say base model because the second you add 4wd or a crew cab the cost will skyrocket above 40k Mustache Ride fucked around with this message at 14:36 on Nov 5, 2022 |
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Nov 5, 2022 13:46
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There’s a reason people buy half tons to tow, but as posted they’re out of your budget configured the way you want as new models. A 40k used half ton should fit the bill. What are you towing?
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Nov 5, 2022 15:15
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KYOON GRIFFEY JR posted:There’s a reason people buy half tons to tow, but as posted they’re out of your budget configured the way you want as new models. A 40k used half ton should fit the bill. A horse trailer. TBH, it's probably a bit lighter. I'm a bit wary of buying used here because of rust and salt.
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Nov 5, 2022 15:31
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Need more budget if you want to stay new, or open up to used. Remember plane tickets are cheap. You can buy a truck from a better climate and drive it home. Something like this would work. https://www.northparkvw.com/VehicleDetails/used-2018-Ford-F_150-XLT_4WD_SuperCrew_5.5%27_Box-San_Antonio-TX/5394813280
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Nov 5, 2022 18:43
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What's the best way to purchase car once I know my budget and make/model? I've been told two things - either show up at the lot that has what I want close to the price or email dealers that have what I want with a cashier's check(?) or something that shows I already have financing pre-approved. And do this ideally near the end of the month or quarter. My only question, if I join a local credit union or whatever will they even give me a printed cashier's check? Or what can they give that shows proof of payment?
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Nov 5, 2022 20:45
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Mustache Ride posted:In the small truck range new your options that can tow that much are: The GM Colorado/Canyon twins can as well, as long as you get the factory tow package, avoid the ZR2, and avoid the 2.5L four cylinder - which isn't hard because as they wind down production on the 2022s, I think the 3.6 V6 is the only engine they're building. At least when I was truck shopping three years ago they rated the V6 at 7000lb and the 2.8L Duramax at 7700lb. Seems like they've upped the V6 to 7700lb as well. The 2023 GM twins are a new generation and are only getting a single engine, the 2.7L turbo four GM is shoving into everything, with different tunes based on trim. Anything above the base ~240hp option should also do 7700lb towing. BrainParasite posted:A horse trailer. TBH, it's probably a bit lighter. I'm a bit wary of buying used here because of rust and salt. How big of a horse trailer? We have a two-horse bumper pull Circle J that scales just under 2500lb with no horses in it, and our Canyon with the 2.8L Duramax tows it without even breaking a sweat. I think a three horse trailer might be doable around town but would probably be asking too much for climbing interstate mountain grades.
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Nov 5, 2022 22:02
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Crosby B. Alfred posted:What's the best way to purchase car once I know my budget and make/model? You won't have a check in hand until you have a signed purchase agreement because the bank is going to make it out to the dealership for the exact amount. And you don't want to bother with that anyways because the dealer might be more willing to negotiate if they think there's a chance they can get you on their financing.
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Nov 5, 2022 22:17
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Naw some credit unions have a Buyer's Check thing where they will pre-approve you up to a certain amount and you just spring it on the dealer when you make a decision. I've negotiated the price down to one below my pre-approved amount, they take me to the finance guy to prove they can get lower rates, I say "sure run your rates and we'll see" and when they come back with double the rate I whip out the check and show the rate and make them sign it.
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Nov 5, 2022 22:25
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Got it, Is there any real difference from Cars.com, Autotrader, Carvana, etc. I'm the kind of person that's willing to fly out if it saves me a few grand.
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Nov 5, 2022 23:59
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Carvana overprices its vehicles. And obviously their search is gated to their own inventory. Cars/Autotrader are like early 90s search engines that just hoover up what's thrown at them. So if you're the type to avoid the corner lot car sales place by an Exxon gas station (HONEST Joe's HONEST Car Sales!) you'll have to use a discerning eye wrt results. There's a few places that basically buy salvaged/auctioned crash cars, do a quick refurb, and then toss them online.
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Nov 6, 2022 00:08
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I went to a Toyota dealer today and sat in a new Camry and a new Highlander. I understand they are mechanically well built items but nothing about the experience gave me a compelling reason to upgrade from what I have now. Wife and kids weren't even interested in sitting in them.  Guuess we should hit up the Alfa/Maserati dealership next time.
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Nov 6, 2022 04:46
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Yeah places like CarMax/Carvana are for the opposite of people who want to jump through hoops to save a few grand. They're for the people who are willing to pay extra for a low pressure sales experience.
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Nov 6, 2022 17:10
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Throatwarbler posted:I went to a Toyota dealer today and sat in a new Camry and a new Highlander. I understand they are mechanically well built items but nothing about the experience gave me a compelling reason to upgrade from what I have now. Wife and kids weren't even interested in sitting in them. That's because they're the Toyota Camry and Highlander. They are incredibly well designed, perfectly functional appliances. They are not going to give you any emotional reason to upgrade if your current car is also functional. You did the car equivalent of trying a new vacuum when your old vacuum still works. You do not need this new vacuum.
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Nov 7, 2022 08:10
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I don't know if it's just me but while Toyota has a reputation for reliable vehicles the Camry hasn't been updated in a long time. Also, please fall faster. https://twitter.com/GuyDealership/status/1589659971998056449?s=20&t=l00eo7HD4d1MHxqxnpBzEQ
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Nov 8, 2022 03:28
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Hadlock posted:Update again, independent validation from a local car group post elsewhere on the internet: above quote from aug 2, 2022 so in my town we have an east-west axis road with an auto row, owned by several different people/groups it has been mostly full since at least september the main north-south axis road appears to have like, 9 or more lots, all owned by the same guy/group on both sides of the road all of the N-S axis lots have been empty up until about ~six weeks ago and they've started filling up, started seeing the maintenance door/bays open again and people milling about; prior to that they were properly shut closed zero activity very rapidly seeing lots filling up now, almost like "the good old days" I suspect prices will be within 20% of pre-pandemic by late april
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Nov 8, 2022 03:42
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Mustache Ride posted:Naw some credit unions have a Buyer's Check thing where they will pre-approve you up to a certain amount and you just spring it on the dealer when you make a decision. Heck yeah, power move I’m gonna do this
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Nov 8, 2022 06:07
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But the graph and shot makes me think I should try and wait a bit longer???
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Nov 8, 2022 06:09
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Ornery and Hornery posted:But the graph and shot makes me think I should try and wait a bit longer??? Do you need a car right now? If the answer is no I think you should wait. If the answer is yes, you should buy a car now because you need a car now and waiting is pointless.
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Nov 8, 2022 13:59
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A dude kept making GBS threads up the AI new car thread with questions about financing so now you all get a financing post.GreenBuckanneer posted:I was reading on tiktok and YouTube that you don't want to do it through the dealer anyways because in shopping around the dealer will do hard credit pulls, and whatever amounts they quote you at is elevated anyways to squeeze as much money from you as possible, so the lender says 3% and they charge you 6% to make the difference There are three ways to finance a car, broadly. I am leaving out leasing for the purposes of this discussion and I'm ignoring BHPH operations because you should never gently caress with BHPH operations. 1) You BYO financing. This involves you going to your bank and or credit union and getting preapproved for a loan for a given amount (which should be more than the price of the car you intend to buy; the preapproval amount is a maximum), term, and rate. The preapproval is valid for a certain period of time, typically 30 days. Once you pick a car, you tell the dealer you are bringing your own financing, and they'll work through the process with you. You may have to do additional legwork and paperwork as a result. 2) You use the manufacturer's captive financing. These are entities like Toyota Motor Credit, Volkswagen Credit International, etc that exist to move cars. The manufacturer's financing arm loans you money when you buy one of their cars. Since the purpose of captive finance is twofold - make money on loans, and move cars - and those two purposes are not necessarily fully aligned, you can see some really, really good interest rates from captive finance. We're talking 0.9%, 1.9%, 2.5% etc. You typically have to have excellent credit to qualify for these rates and the terms of the loans are generally non-negotiable. They are highly standard and the structure is fair to the consumer (no early repayment penalties etc) Note that in many cases, financing from the manufacturer is in lieu of manufacturer cash incentives. You'll see stuff like $1K cash back or 0.9% financing, meaning you have to pick one or the other. 3) You use dealer-provided financing. This does not mean that the dealer is loaning you money; the dealer is brokering an auto loan for you through a (usually) highly reputable lender (think Ally, BoA, etc). The dealer is allowed to make money on financing by marking up the interest rate; the extent to which they can do this is limited by the loan originator and usually is no more than 200bps or 2 percentage points. You can negotiate this interest rate and the dealer may give up some or all of their markup. They also receive back-end compensation from the loan originator, so you can sometimes get a better deal off of dealer-provided financing from the same originator. Generally speaking, these loans are fairly standard (no early repayment penalties etc) because they come from reputable lenders, but you should be careful to read the fine print. In all of these cases, the loan originator is going to hold your car's title until you pay off the loan. What does this mean and how do you use it? 1) Always have a BYO financing option. This allows you to benchmark the dealer and captive finance offered rates, and allows you to exert some leverage over the dealer. 2) You don't have to use your BYO financing option. If the dealer or captive finance is going to beat your BYO financing rates, you should use those options. 3) If you are considering a captive financing option, make sure that a) you aren't giving up cash incentives and or b) giving up the cash incentive still makes financial sense. Run the numbers.
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Nov 8, 2022 14:42
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That's a good write up and should be added to the op
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Nov 8, 2022 16:25
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On a scale of dumb to really dumb, where does a Fisker Karma with a 60 month extended warranty from carmax sit, let's assume I sell it within 60 months The place we bought our other car from had one, the back seat was ultra cramped for a car seat, but once we transition to a booster seat might be achievable
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Nov 8, 2022 19:03
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The thing with weird unicorn cars is that even if the costs are covered under warranty, it's very likely that your car will be out of service for a long period of time for even simple repairs. And the nearest authorized service location may be far away. Only way I would even begin to consider it is if the warranty includes rental/replacement AND pickup/dropoff of the vehicle at your home. I've never really understood the appeal of that particular car. I crawled all over one and drove it a fair amount in 2010 and compared to like, a contemporary A7 it was pretty lousy.
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Nov 8, 2022 19:40
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Trying to decide if I want to put some money into my ISF with 200k miles or look to trade it in while used car values are decent? (Needs valley plate resealed, shocks, and exhaust leak fixed) Tell me why buying a newer car is dumb right now, thanks?
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Nov 8, 2022 19:48
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Rakeris posted:Tell me why buying a newer car is dumb right now, thanks? That 200.0 number on the far right? It may go down to somewhere between 125-165, my guess is sometime before next summer (past results do not guarantee future returns). I would expect it to hit 150 by July 1 2023 but that's a wild rear end guess. Why buy from a very limited selection at 200 when you can buy from an enormous selection at 125. There has been a lot of speculation that car repoessesors have been holding on to inventory rather than putting them right back on the market to inflate values but again that's speculation 
Hadlock fucked around with this message at 20:00 on Nov 8, 2022 |
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Nov 8, 2022 19:56
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Rakeris posted:Trying to decide if I want to put some money into my ISF with 200k miles or look to trade it in while used car values are decent? (Needs valley plate resealed, shocks, and exhaust leak fixed) IF you can get hands on a brand new car that you like AND you can afford it at sticker AND you're willing to wait AND you aren't paying an ADM, then you can go buy a new car. The problem with selling your car at the height of the used car market is this: how do you replace it? Hadlock posted:That 200.0 number on the far right? It may go down to somewhere between 125-165, my guess is sometime before next summer (past results do not guarantee future returns). I would expect it to hit 150 by July 1 2023 but that's a wild rear end guess. Why buy from a very limited selection at 200 when you can buy from an enormous selection at 125. There has been a lot of speculation that car repoessesors have been holding on to inventory rather than putting them right back on the market to inflate values but again that's speculation I doubt the latter; the margins in that business aren't high enough to sustain carrying a bunch of inventory on the books when you could dispose of it for pretty tidy profits.
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Nov 8, 2022 20:09
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KYOON GRIFFEY JR posted:
Sweet thanks! I called my bank and they said they're not interested in giving loans unless your debt to income ratio is under 50% I Google what DNI ratio actually means and covers and looks like my DNI is only 18% so that sounds good (to me). I have to actually talk to my bank though to see what their final opinion is, sometime this week.
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Nov 8, 2022 21:55
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KYOON GRIFFEY JR posted:IF you can get hands on a brand new car that you like AND you can afford it at sticker AND you're willing to wait AND you aren't paying an ADM, then you can go buy a new car. The problem with selling your car at the height of the used car market is this: how do you replace it? Yeah fair, kind of my main worry, considered a cheaper motorcycle, but idk if I want to commute on that a couple days a week for uh, a while potentially.
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Nov 8, 2022 22:00
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Recently I was almost run off the road by a fisker with cali mfr plates and “preproduction test vehicle” vinyl labels that couldn’t stay in a single lane (unclear whether drunk or just bad lane keeping) That’s my Fisker story.
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Nov 8, 2022 22:01
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GreenBuckanneer posted:Sweet thanks! While that's probably a good conversation to have - in my limited experience, I've never been asked for any sort of proof that a bank is specifically approving me for X percent on Y vehicle for Z term, in order for the dealer to match or beat it. I've always picked the lowest interest rate published on whichever bank/CU I'm willing to do the loan with and quoted that when talking with the dealer, and even when buying used they've matched or beat the rate every time, and at that point I'll go through the dealer just to streamline the process. The one time I bought new I went through Honda's captive financing which made it not even a question, 0.9% for 60mo and a $750 discount for going with them. I didn't even have $750 in interest across the life of that loan.
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Nov 8, 2022 22:20
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If you don't have a loan approval in hand and you end up wanting to go with your own financing the dealer is going to hem and haw and try to invent reasons to pressure you into their own loan. This isn't an actual problem especially in normal times as you just ignore their pressure and go finish your preapproval and come back to what's probably going to be the same deal. If there's still supply chain issues and you're trying to get a limited supply of cars you're interested in its probably getting sold out from under you and better luck next time its in stock. I've heard of most people being able to use captive or dealer preferred and just the conversation gets them to cut themselves out but that's also been during a very unique interest rate period for car shopping and we're getting back into a loan market where you may need to exercise your own preapproval. When a bank refers to used car financing it is usually specific to 10+ year old cars otherwise you are just car financing. 10 years is where their risk management has kicked in to tell them to collect more on interest as a repo is likely to result in a totaled car.
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Nov 8, 2022 22:44
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KYOON GRIFFEY JR posted:A dude kept making GBS threads up the AI new car thread with questions about financing so now you all get a financing post. I appreciate all your effort posts.
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Nov 15, 2022 13:27
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I think in some states, you can do dealer finance, and within 1 business day you have a grace period where you can finance at no cost using a 3rd party, and then drop/refund the dealer financing. That's wishful thinking though because once the deal is done most people don't have the mental energy to go deal with shopping for better financing even though it's obviously in their best interest, but it's possible. Sometimes.
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Nov 15, 2022 14:06
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Hadlock posted:I think in some states, you can do dealer finance, and within 1 business day you have a grace period where you can finance at no cost using a 3rd party, and then drop/refund the dealer financing. That's wishful thinking though because once the deal is done most people don't have the mental energy to go deal with shopping for better financing even though it's obviously in their best interest, but it's possible. Sometimes. I don't really understand the purpose to this versus seeking a preapproval.
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Nov 15, 2022 16:02
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| # ? Jun 11, 2024 20:17 |
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KYOON GRIFFEY JR posted:I don't really understand the purpose to this versus seeking a preapproval. Some people go to the dealer first to see if there's a car they want.
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Nov 15, 2022 16:04
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