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

[max_boost]

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Anybody with an X5 can say they paid $93k for it, but a rare few can say they paid $93k for a Hyundai Tucson #exclusiveclub

Exactly

Tucson > X5 Idc if it's X5M or M Sport package or Inrich package or 89coupe full loaded sans tech package.

[BavarianBeast]

Things are coming down, and they’re going to tank over the next few months I’d say. February will be the time to buy cars imo

[riander5]

Unloaded my BMW for near break even after buying in feb and got a recession buster!

Praise da lord

[RX_EVOLV]

Cars like G08 X5 their prices have been coming down for sure since the beginning of the year. We've been following it closely and almost pulled the trigger last week on a 2019 from a BMW dealer in BC that has depreciated 45% from new and with rate 'incentives' (if you count 3.99%).M3/M4 prices have been coming down too. Saw a few '18s in the high 60ks/low 70ks range whereas earlier this year they were >$80ks.

We will see how the next few months go but ready to buy something if the trend continues.

[90_Shelby]

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A buddy just confirmed a July build and November euro delivery for a GT4RS. Apparently some people are getting cars.

He took delivery this week and is touring Europe in the car currently. I’m impressed he got the car this fast.

[shakalaka]

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Things are coming down, and they’re going to tank over the next few months I’d say. February will be the time to buy cars imo

Only if I can be patient for that long. lol

[Tik-Tok]

Just two more months to flatten the curve!

[BerserkerCatSplat]

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Just two more months to flatten the curve!

I mean the curve that really got flattened was the depreciation one.

[ThePenIsMightier]

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Only if I can be patient for that long. lol

Anyone who doesn't +Rep this hates freedom!

[BavarianBeast]

This aventador ultimae has come down $152k, and I imagine it will come down another 1-200k if the seller really wants to unload it. Saw this 2022 Lamborghini Aventador on AutoTrader's iPhone app
http://www.autotrader.ca/go/5-55394377

Lots of other high end vehicles I’ve been watching have come down significantly and inventory doesn’t seem to be moving much. Bubble is about to burst for a lot of cars imo

[shakalaka]

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This aventador ultimae has come down $152k, and I imagine it will come down another 1-200k if the seller really wants to unload it. Saw this 2022 Lamborghini Aventador on AutoTrader's iPhone app
http://www.autotrader.ca/go/5-55394377

Lots of other high end vehicles I’ve been watching have come down significantly and inventory doesn’t seem to be moving much. Bubble is about to burst for a lot of cars imo

It needs to come down another half a million or so before I can think about affording it bro. lol

But on a serious note, let's hope for the market to actually normalize because I have been itching to make some changes again.

[Shlade]

Maybe I'm just poor but that does not look like a Million Dollar car.

[BavarianBeast]

I think it’s a bit of a stretch now but a few exchanged hands at those levels. It is the last NA V12 Lamborghini produced, so there is a bit of collector value factor involved.

Anyways, I think the big hits will/have started in the higher end car market and will slowly trickle down into the rest of the market. Just think it’s a good sign of things beginning to slow down.

[redline]

The used truck market is starting to soften as well. My business partner has a mint diesel Canyon and the dealer told him that two months ago they would have gave him 30K on a trade in and now 25K. we have it listed for 32K and no interest...

[Twin_Cam_Turbo]

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The used truck market is starting to soften as well. My business partner has a mint diesel Canyon and the dealer told him that two months ago they would have gave him 30K on a trade in and now 25K. we have it listed for 32K and no interest...

Yep I’ve taken the last two weeks off mostly from buying, only cheap stuff. Book values are on their way down for sure.

[Shlade]

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The used truck market is starting to soften as well. My business partner has a mint diesel Canyon and the dealer told him that two months ago they would have gave him 30K on a trade in and now 25K. we have it listed for 32K and no interest...

Thats because nobody wants a Canyon.

[Clever]

We were looking at an SUV for the wife, and we drove our 2017 Ram 1500, and when the dealership asked me if I was willing to trade, I told them to make me an offer, so the sales manager makes a call to his wholesaler and came back with 30k I just laughed and said I’d keep my truck. Yes, it’s a Dodge, but barely driven, with about 67K kms, Laramie, Crew Cab trim I can probably get much more than 30k for it.

[zechs]

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Thats because nobody wants a Canyon.

Yea, I don't think a niche 1/4 ton truck is the best to gauge the market on. Duramax HD prices have come down very slightly but were way overpriced to begin with.

[Shlade]

Went window shopping to check out a Bronco Ford in Strathmore had. Was chatting with the sales guy... Best rates they got is 5.49 for new, and he says anywhere from 7 percent to 9 percent for used vehicles. Pretty insane anybody would pay that.

[killramos]

lol your attitude will change when interest rates normalize to those levels.

People will pay big money to have to today rather than save for tomorrow. 5% 10% it doesn’t matter the masses can’t help themselves.