$82k- edit; for a 4 door Jeep Rubicon

[ProStaffSteve]

It’s a good question. My wife wanted to bump up to an expedition until we started looking at new and then used. We can find used with 30k mikes for $50k. This is insane. Heck every time I take my truck to the dealer they come offering me a cash buyout or tell me I can get into a new one for cheaper payment (there is no payment). I always ask what they have that’s equal to it but new. A new f150 xlt is like $60k! Don’t get me started on houses. The average home prices are insane. I often think about young people starting out getting slapped with a $1800 month apartment and little chance to afford a home. For those that have a home with a low interest rate, you’re basically stuck if you wanted to move. Rant over.

Currently traveling with my gf while she works as a nurse. We both make good money & I can’t seem to find any housing/cars that make a lick of sense. For taxes we need to keep two apt.s so we pay $3,400 to rent two spots. I have a currently broke down jeep & she got a cheap Kia a few years back that we rely on. I’d love to buy some land that I could hunt even just for white tail, I’d love to buy a house that isn’t in shambles, I’d like to find a vehicle that suits my life. But everything now requires 20 years of commitment that work/life can’t support. Damn rich boomers grab everything worth grabbing

 

[*zap*]

where we are now is unsustainable, imo.

ymmv.

 

[Gutshot007]

Take comfort someday it will be worth 0$

 

[Beendare]

the point the OP is making is that a lot of things, trucks/jeeps/etc in particular have drastically increased in price.

Thank you Ten bear….
We hear from the talking heads inflation is 6%…thats total bullshit….its much higher than that in the real world.
Yes, it was a 4 door renegade with everything and looks like a lift and custom wheels with at least 33’s probably bigger.

FWIW, I have a lot of friends that can afford these expensive rigs…my one buddy and his son both have TRX’s. I say more power to these people if they can afford it. I’m all for people making money, being successful And owning nice stuff.

My point is; for everyone else, Inflation is taking money right out of our pockets and our bank accounts and many don’t even realize it.

 

[Yoder]

The OP explicitly stated she could afford it. Rather than making a false assumption and using that as the basis for a rant, you could have started (and finished) your post with "it's none pf my business what other people do...".

I just think overpaying for a vehicle by $50k is destroying America. It's not sustainable.

 

[WV Mountaineer]

…What young people are to do is abandon the example of the old and stop being lazy and playing victim by blaming the outcome of lazy ignorance on "policy." If more people would do that, we would have less bad policy because practically no one who has been elected in the past 30 years would have been elected by a responsible electorate.

BOOM!!!!! Couldn’t have said it better.

 

[GSPHUNTER]

Breaking news!!!!!!!!!!! People dont have to buy a new rig!!!!!!!!!!!!!! They can buy used stuff!!!!!!!!!!!!

Still paying top $$$$ for used these days.

 

[*zap*]

The OP explicitly stated she could afford it. Rather than making a false assumption and using that as the basis for a rant, you could have started (and finished) your post with "it's none pf my business what other people do...".

 

[Mike D Texas]

Still paying top $$$$ for used these days.

I haven’t seen anyone pay $100k for a used truck.

There are some new ones that are over $100k now and it’s just stupid.


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[GSPHUNTER]

I haven’t seen anyone pay $100k for a used truck.

There are some new ones that are over $100k now and it’s just stupid.


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Yet.

 

[Szwampdonkey]

The solution is simple….STOP SPENDING MONEY PEOPLE!

 

[Poser]

You are always welcome to pay 15k for a 35 year old vehicle.

 

[Billy Goat]

I had a retired buddy tell me the real problem was the boomers spending all this money they didn't earn.



A lot of truth to it.


Between 401k investments, selling their house in a market that was through the roof, investments that ended up paying out at higher rates gives a bunch of money that you didn't work for. Makes it easy to spend money. I have had a lot of clients that didn't care what it cost, they just wanted it now. Sold out in a high market, couldn't believe how cheap things were here, while we can't believe how expensive stuff is.

"I got money, what I ain't got is time."

Then supply and demand kicks in. Ripples across everything, and once you start getting more money for less work, why do more work for less money?

 

[bcv]

It's going to hit the fan. Most of the supply issues are gone but prices keep getting higher. I have several friends that are upside down and maxed out in debt.

 

[Marbles]

I had a retired buddy tell me the real problem was the boomers spending all this money they didn't earn.



A lot of truth to it.


Between 401k investments, selling their house in a market that was through the roof, investments that ended up paying out at higher rates gives a bunch of money that you didn't work for. Makes it easy to spend money. I have had a lot of clients that didn't care what it cost, they just wanted it now. Sold out in a high market, couldn't believe how cheap things were here, while we can't believe how expensive stuff is.

"I got money, what I ain't got is time."

Then supply and demand kicks in. Ripples across everything, and once you start getting more money for less work, why do more work for less money?

Yep, our inflation today started being baked in back in 2008 with QE, Wall Street absorbed it for years, but eventually it gets to Main Street. Been 4 presidents that have had a hand in that crap policy and none of them tried to stop it because it bought votes with tomorrow's money.

Stimulus money did not help, and was a bad idea under both presidents that slapped their names on the checks, but the idea that a few thousand dollars results in a 40% increase in the cost of housing over 5 years is fantastical. The worst thing is we will probably get to pick between the same two dotards next year.

 

[Billy Goat]

Yep, our inflation today started being baked in back in 2008 with QE, Wall Street absorbed it for years, but eventually it gets to Main Street. Been 4 presidents that have had a hand in that crap policy and none of them tried to stop it because it bought votes with tomorrow's money.

Stimulus money did not help, and was a bad idea under both presidents that slapped their names on the checks, but the idea that a few thousand dollars results in a 40% increase in the cost of housing over 5 years is fantastical. The worst thing is we will probably get to pick between the same two dotards next year.

I give this, two thumbs up.


After a few years of printing checks, since interest rates couldn't be lowered from zero, the only option is inflation.




Interest rates need to be about where they are, nobody likes that, but it's how you can boost the economy when you lower them, just its supposed to be short term, everyone became adjusted to it.

 

[thatguyoverthere]

Prices on many things have gone insane over the past few years. I certainly wouldn't pay a huge markup on any vehicle. Also *almost* certainly would never buy a NEW vehicle. Throwing money away, regardless of how much I have I just can't do it.

 

[tony]

You knew it was coming when morons started paying $400 for $1.58 worth of plastic aka a Yeti .

Yeti is so 2020
All the girls I work with are buying $50..00 Stanley drink mugs now. One gal has 6 of them

I drink my water from a $5.00 wal mart knock off nalgene and laugh when I think of the money I could have wasted.

 

[grfox92]

Absolutely no one needs a new vehicle. In my town I see new diesel after new diesel after new diesel driving down the road. $80k and $90k brand new rigs. I know alot of the people who drive them. They absolutely don't NEED them and are burning half a mortgage payment a month to drive them and another half a mortgage payment a month for their wife to drive the brand new Denali or Expedition. It's absolute insanity.

People are free to spend their money however they want, but I would never in a million years spend as much as my mortgage on vehicles every month especislly vehicles that are depreciating in value.

The beauty of buying a used vehicle is the "testing" has been done. You can easily figure out what has a reputation for lasting, and what models and years have chronic issues.


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[khavok]

For those that have not been paying attention to the effects of bad policy and inflation….

A buddies wife just paid $82k for a fully loaded Renegade OTD- ridiculous. Now she can afford it but wow…have the price of these new vehicles gone up or what?

I bought my fully loaded Ram limited with air suspension in 2019 for $48k otd. That same truck now is $75k + around here…then add interest rates have gone way up…...how are young folks going to afford it?

The same way people buy 120k F-250s. Finance them under their business and use it as a tax write off. Anything above 50k for a truck is just a waste. A truck is a truck not a computer. The only way to stop the price gouging is if everyone started buying beaters and foring the market to crash.