Will Vehicle Prices Ever Decrease?

[go_deep]

The prices will not drop until after I buy one for my son. Then they will drop like a rock.

What's your expected purchase date?

 

[tim tarras]

What's your expected purchase date?

The next 2 weeks.

 

[go_deep]

The next 2 weeks.

Sweet!! Maybe I'll hold out then...

 

[CobraChicken]

Imo they can sell you whatever line regarding finances, inventory, inflation but a truck should not be priced out to almost a home.

No way heated seats and a butt massager and some emblems take a trim from 50k to 110k.

I decided to keep my 2011 ram until it blows. Used market is not much better.

 

[180ls1]

Its pretty much what I am banking on. I really dont foresee a massive correction. I think we will stagnate out, wages will slowly rise to meet needs and in 10 years we will all be talking about the good ol days of 3.00 dollar gas and 40,000 dollar brand new pickups.

But I am below average so take it with a cup of salt.

Financial advisor here, take what I say with a bucket of salt... lol

Yeah, I'd agree. Everyone's $1mm portfolio didn't fall and likely won't fall to $700K. However, that $1mm spends like $700k now. The market will bounce around 15% like it does *every* year. That said, black swans are just that. I am sure one is brewing...

 

[180ls1]

Imo they can sell you whatever line regarding finances, inventory, inflation but a truck should not be priced out to almost a home.

No way heated seats and a butt massager and some emblems take a trim from 50k to 110k.

I decided to keep my 2011 ram until it blows. Used market is not much better.

One of my biggest gripes. A base F-150 is $35k, with options alone you can add $100K. Wild.

 

[CAM_D]

As long as people are willing to pay what they are asking the prices will not come down.

Until people stop paying their stupid inflated prices and vehicles start sitting on lots, why would they drop their prices?


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This is what I keep saying too. The fools paying these prices are a bigger problem than those trying to sell for high prices.

 

[CorbLand]

Financial advisor here, take what I say with a bucket of salt... lol

Yeah, I'd agree. Everyone's $1mm portfolio didn't fall and likely won't fall to $700K. However, that $1mm spends like $700k now. The market will bounce around 15% like it does *every* year. That said, black swans are just that. I am sure one is brewing...

There’s always a correction or crash brewing.

The other thing I think people are missing is that the largest cohort of people that generally have the most disposable income saw a decrease in one of their biggest expenses, mortgages. I know people that have bigger, newer houses, two car payments and those combined are less than my mortgage. If I could refinance my house down 1% of interest it would pay about 1/3 of a pickup payment. Take that down 2% and it would pay nearly all of it and I bought it 2022, at the peak.

Time will tell.

 

[180ls1]

There’s always a correction or crash brewing.

The other thing I think people are missing is that the largest cohort of people that generally have the most disposable income saw a decrease in one of their biggest expenses, mortgages. I know people that have bigger, newer houses, two car payments and those combined are less than my mortgage. If I could refinance my house down 1% of interest it would pay about 1/3 of a pickup payment. Take that down 2% and it would pay nearly all of it and I bought it 2022, at the peak.

Time will tell.

Yeah, people don't buy on price they buy what they can afford, generally speaking. This is why we now have 40 year mortgages and 8 year car notes.

 

[CamoPirate]

I was trying to wait it out but all that's happened is interest rates have gone up, and prices have dropped slightly. If interest rates drop, prices will likely go back up so...damned if you do, damned if you don't.

 

[bowhuntercoop]

Sold my 99 2500 5.9 Cummins last week to a landscaper that has been hounding me for the last 3 years about it. 357k on it. I rebuilt the motor last year since I’m a diesel mechanic by trade and can get Cummins parts at cost. 15k cash. Truck market is insane. I sold my 07 5.9 6 speed last year for 40k. Rocking the 4 runner till prices stabilize then I will pay cash for a new tundra. Im in no rush to pay these inflated prices.

 

[tim tarras]

The prices will not drop until after I buy one for my son. Then they will drop like a rock.

You guys should start to see prices drop now! Got him a car on Tuesday.

 

[go_deep]

You guys should start to see prices drop now! Got him a car on Tuesday.

SWEET!! I'll start looking this weekend!

 

[CorbLand]

SWEET!! I'll start looking this weekend!

I bought a month or so ago. They should fall 50% in a couple weeks.

 

[maxx075]

Looking to buy a Tacoma tomorrow, I'm hoping it crashes tonight

 

[CorbLand]

Looking to buy a Tacoma tomorrow, I'm hoping it crashes tonight

If you are in UT, look at surrounding states. They are a little cheaper. I saved ~2500 flying down to AZ and buying one.

 

[maxx075]

If you are in UT, look at surrounding states. They are a little cheaper. I saved ~2500 flying down to AZ and buying one.

Yep, as of right now I'm heading up to OR tomorrow cause they have one specced how I want and I think I can negotiate them down from MSRP a little. Plus no annoying add ons.

 

[ewade07]

Like this?

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Thats a slick ride. I mobbed around in a 98 forester for years. My brother and i took it elk hunting one year up this shitty mud road and hunted for the day. Came back and some guy in a big ol jacked up truck gave us a look like "how the hell..." Priceless.

Does that have the 2.5 or 2.2 in it?

 

[tim tarras]

A couple things I learned about buying out of state.

• some dealers will not hold a vehicle for you.
• if having a down payment check with dealer on how they want it. Some will not take out of state checks or even bank checks because of fraud. I ended up doing cash.

I also learned that Toyota's are running a good $3,000 more, at least within 200 miles of me, than a comparable model in other brands and will have a lot more mile on them.

 

[CorbLand]

A couple things I learned about buying out of state.

• some dealers will not hold a vehicle for you.
• if having a down payment check with dealer on how they want it. Some will not take out of state checks or even bank checks because of fraud. I ended up doing cash.

I also learned that Toyota's are running a good $3,000 more, at least within 200 miles of me, than a comparable model in other brands and will have a lot more mile on them.

It is crazy how well Tacoma’s and Tundra are holding their value. I don’t think the 3rd gen Tacomas will lose much for another 5 or so years when 4th has been around enough to see how well it does.