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

[vengie]

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Wife wants a new vehicle...wont settle for used.

I just know I'm gonna over pay for something soon...

Have you considered a new wife?
Might be the cheaper option.

[killramos]

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Have you considered a new wife?
Might be the cheaper option.

I’ve heard the depreciation on wives is unprecedented. Great way to lose your shirt.

[max_boost]

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Wife wants a new vehicle...wont settle for used.

I just know I'm gonna over pay for something soon...

Just make sure it takes regular gas lol

- - - Updated - - -

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I turned it down today, too much in love with it. Sounds like the successor for the huracan will be a v8 TT, so they should hold their value for a long time to come imo.

Haha niiice

[ExtraSlow]

Getting rid of one wife might be the right financial decision, but buying a second one is a terrible idea unless she makes $600k or has #7point2 net worth.

[Team_Mclaren]

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Wife wants a new vehicle...wont settle for used.

I just know I'm gonna over pay for something soon...

How do you define overpay tho? Buying new is a better decision than buying used if you can get it at MSRP. which most cars you can still.

[ExtraSlow]

Used cars are mostly a bad value right now. Honestly new isn't as bad as the legends say.
And I'm a cheap bastard.

[Twin_Cam_Turbo]

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That 335d has given you nothing but issues, no?

The car hasn’t been so bad but I’ve had some shops do poor work on some components and I’m just done with the car. I drive my Echo in town, my FRS on track and my Elantra for work.

[03ozwhip]

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The car hasn’t been so bad but I’ve had some shops do poor work on some components and I’m just done with the car. I drive my Echo in town, my FRS on track and my Elantra for work.

Is it good now?

[ragu]

I think the market is slowing down already, and more to go. I recently sold my car and didn’t see the $ people were getting at the beginning of the year but still sold flat to 2020 price. Meanwhile, the cars I was interested to replace it with were sitting on the market and eventually getting sold to dealers - who are still paying somewhat decent coin and/ offering quick sale.

Maybe we hit 2020 pricing by year end?

[Nufy]

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How do you define overpay tho? Buying new is a better decision than buying used if you can get it at MSRP. which most cars you can still.

Agreed. It just seems that even new cars are a bit over priced.

Then some dealers are adding their mark-up for no reason.

Right now I am looking at a Honda HRV AWD at around 35K at a dealer.

[jutes]

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I think the market is slowing down already, and more to go. I recently sold my car and didn’t see the $ people were getting at the beginning of the year but still sold flat to 2020 price. Meanwhile, the cars I was interested to replace it with were sitting on the market and eventually getting sold to dealers - who are still paying somewhat decent coin and/ offering quick sale.

Maybe we hit 2020 pricing by year end?

I'm watching the ZL1 market and used ones are still going for $80-$90k, new ones are arriving at dealers in the 70s. Not sure when this madness will end, probably sooner rather than later. In 2019-20 you can pick up a lightly used one for low/mid 60s.

[Twin_Cam_Turbo]

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Is it good now?

It will be soon, and for sale. Waiting on a couple small things to finish it up this month.

[16hypen3sp]

Getting back briefly to the luxury tax... I'm assuming the luxury tax dollar amount will be worked into lease payments?

And if you buy the car out at the end of the lease, you pay the buy out amount + remainder of luxury tax amount?

[killramos]

I’m guessing it has no effect on the residual, so the amortized amount on the lease would simple be more as well as the resulting payment.

Whoever leases the car is paying the full lux tax

[max_boost]

Totally forgot Bc has had this for awhile. they’ll just be paying even more !? Lol dang those bc ballers

Add 5% gst to the dealer sales

[nismodrifter]

In BC we do not deposit our pay cheque. That would be a total waste of time. Arranging it so all your hard earned income goes direct to government is the streamlined way of doing it.

It is because taxing the shit out of everything is surely the best solution to stop that darn money laundering that those foreigners do.

[ThePenIsMightier]

Yep. Friend of a friend's purchase of a new Porsche GT2RS was $500k when dust (tax) settled.
BertStare.jpg

[Nufy]

Bank financing vs dealer rates...

Which is better these days.

Generally ??

[Twin_Cam_Turbo]

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Bank financing vs dealer rates...

Which is better these days.

Generally ??

Depends on your relationship with the bank and any manufacture incentives for financing.

[ExtraSlow]

Yeah no blanket answer. Start calling around. Or just heloc.