Am I crazy or is this the worst time ever to buy a vehicle?

[Buster]

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Yah I was referring to the BoC, not the US Fed. Personally I think we're pretty f**cked, as a country, at the current 3.75%. If it hit 6%, it would be complete pandemonium.

One of Canada's problems - probably the main problem - is the mal-investment induced by our gov't inflating asset bubbles and protecting real-estate industry. This allowed them to kick the can down the road with GDP numbers that involved poor GDP/ROI activities (ie RE). The sooner the populace realizes that it must actually rely on industry and exports, the sooner we can get back to creating climate change instead of curing climate change.

The Canadian populace has largely been naïve to this reality. Because Canadians are a slow, stupid people by nature.

[zechs]

Inflation has slowed.

That doesn't mean it's stopped being remotely bad. And the central banks are so slow to respond (on top of being willingly an accomplice in creating a recession as their stated goal) that we will indeed be "turbo fucked"

[ExtraSlow]

Would you say it's a racial problem, that slowness?

[Buster]

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Would you say it's a racial problem, that slowness?

i dont see race

[msommers]

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People are already not paying or defaulting on their payments.

Our bank called us asking if we have any questions about the mortgage. Confused, I said no but why are you calling me...

Well turns out they're calling everyone to see if they can handle their mortgage right now or if they need some adjustment to make things work.

Fortunately we're fine but made me think, the banks must be really scared people are going to default.

[ThePenIsMightier]

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i dont see race

More like a race to the bottom, amirite!!?

[94boosted]

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One of Canada's problems - probably the main problem - is the mal-investment induced by our gov't inflating asset bubbles and protecting real-estate industry. This allowed them to kick the can down the road with GDP numbers that involved poor GDP/ROI activities (ie RE). The sooner the populace realizes that it must actually rely on industry and exports, the sooner we can get back to creating climate change instead of curing climate change.

The Canadian populace has largely been naïve to this reality. Because Canadians are a slow, stupid people by nature.

Don’t worry, they promised a “soft landing”

[Clever]

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I’m sorry. But I have some bad news for you….

Unless it’s a limited, loaded, eco diesel, with less than 10k, $30k would have been a solid deal for you.

Just traded for $36+GST but we have a contact in St. Albert who my family and I buy from.

I also did not plan on trading when we went to the local dealer, I was curious what they would offer.

@Team_Mclaren Also, I posted that ad in the summer? Just took it down, thanks for the reminder.

[riander5]

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Until he actually flips it and money is in his account, it's all meaningless talk. What will he be driving instead?

What he drives now? A gasser ravenous 4? Year old models with 20,000 kms are listed at $75k. 2 year old models are listed for new model MSRP. Seems like meaningful talk to me

[Xtrema]

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If you dont think Canada is turbo fucked, I have news for you.

I eagerly wait for our version of state run canteen.

[prae]

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Unfortunately the truck market is a lot different now than it was three months ago locally.

As an example I bought @prae 2016 F150 in October, from September 28th to today the book value has dropped $2300usd.

Wow; surprised at that swing. Hope you still made a buck or two on it. As @Buster taught me; timing the market is better than time in the market. At least, I think that's how the saying goes...

[Twin_Cam_Turbo]

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Wow; surprised at that swing. Hope you still made a buck or two on it. As @Buster taught me; timing the market is better than time in the market. At least, I think that's how the saying goes...

Yeah we pre sell at an agreed price and forward contract the exchange rate so we are ok.

[corsvette]

The truck market has just begun its freefall, wholesale values are losing by the week. I know so many dealers desperately trying to offload trucks they are so far upside down in. Going to be plenty of good deals coming up.

[Twin_Cam_Turbo]

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The truck market has just begun its freefall, wholesale values are losing by the week. I know so many dealers desperately trying to offload trucks they are so far upside down in. Going to be plenty of good deals coming up.

I watched Adesa Calgary run for a few hours this week and almost nothing sold, it was wild.

[vengie]

This is excellent news.

I'm in the market for 3x 1 tonnes for my service fleet.

[Buster]

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The truck market has just begun its freefall, wholesale values are losing by the week. I know so many dealers desperately trying to offload trucks they are so far upside down in. Going to be plenty of good deals coming up.

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I watched Adesa Calgary run for a few hours this week and almost nothing sold, it was wild.

Is this a supply or demand thing?

[shakalaka]

What truck deals are good out there? Raptor? TRX?

[BavarianBeast]

It’s going to be funny to see August stuck with so much inventory that they overpaid to get haha

[shakalaka]

Haha as much as I like the cars they carry, the fucking way they so shamelessly gouge people will make me happy if that actually happens. Haha.

[Team_Mclaren]

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It’s going to be funny to see August stuck with so much inventory that they overpaid to get haha

That's a market I'm not familiar with, are ultra lux cars doing the same thing? I thought a lot of August cars are consignments?