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-   -   Not Time To Buy A New Car? (http://forums.pelicanparts.com/off-topic-discussions/1094289-not-time-buy-new-car.html)

stevej37 05-25-2021 12:56 PM
http://forums.pelicanparts.com/off-topic-discussions/1086756-car-shortage.html

peppy 05-25-2021 01:44 PM
I called about a Cayenne diesel last week and the next day they raised the price $2000.
I agree it's a bad time to buy.

Seahawk 05-25-2021 01:47 PM
Quote:
Originally Posted by jyl (Post 11342893)
This seems like a bad time to buy a car, no?
As part of helping my guy, we have been looking at new, smaller trucks.

http://forums.pelicanparts.com/off-topic-discussions/1094118-price-check-advice-aisle-2007-carrera-s.html

The dealers in town have really limited inventory. No new Tacomas or Rangers, at least this past weekend.

Granted, we are a 9 Iron from the edge of the Flat Earth, but trucks are the Maryland State Flower for f sake...it is just odd not to see 15 to 20 on the lot at any time.

Some used trucks on the big used car lots, but all at a premium.

Tractors as well.

jyl 05-25-2021 01:47 PM
Quote:
Originally Posted by aschen (Post 11343098)
Used car prices are crazy now too. Really taking the sport out of my favorite past time of searching for cars i'll never buy. Even 20yo crapped out miatas have high ask these days?

Option the third: Ignore the warning light and don't replace battery until car computer is truly pissed off.

I don't know much about prius but I cant see a long term detriment to this except reduced MPG.
That’s what I would do but my wife disapproves of pragmatism.

thor66 05-25-2021 02:08 PM
Quote:
Originally Posted by jyl (Post 11342893)
This seems like a bad time to buy a car, no?

Wife’s Prius threw a code, main battery going bad - after 15 years and 230,000 miles, I’m not too unhappy. $1600 installed for a rebuilt third party battery. My first reaction was - nope, time for a new car. Then I went and looked at what’s available at what prices. Hmm, getting another year or so from the Prius is looking like a better idea. I’m pretty sure in a year I’ll be able to buy a new car for at least $1600 less than I’d pay today. And I’ll have a well-used but still sound Prius that I can give to someone who needs it.

Critique of that reasoning?
my Critique is:
1. you live in Portland so are required to ride a bicycle and not drive (don't argue, I read all about it in PARF)

2. you have enough $$ to not care

3. you are deferring gratification, something that should be done by teens but isn't and shouldn't be done by older people but is

- how's that?

porsche4life 05-25-2021 02:13 PM
Only way I’d buy a car in this market is private party and find one that’s priced similar to where it would have been last year. You have to be fast and have cash in hand though when those deals pop up. That’s how I got my truck for about 10k under current market, dude priced it off kbb or some site that hadn’t adjusted yet and I found it within a half hour and was offering to PayPal a deposit and bring cash the next day. He was in a very remote part of the country and said he had 10 guys in line behind him.

L8Brakr 05-25-2021 02:24 PM
An all-electric F-150 would be a great replacement.

onewhippedpuppy 05-25-2021 02:47 PM
Quote:
Originally Posted by dmcummins (Post 11342911)
There’s never a bad time to buy a Jeep.
Damn right! To be fair not all new prices are stupid, I got about 10% off of
MSRP on my Gladiator. So the answer seems to be, it depends.

Used prices are up even more than new, so if you could find a fairly priced replacement new vehicle it might not be a bad deal to sell the used one and buy the new one if you were already thinking replacement. I sold my 2008 F250 for $2k more than I bought it for, 2 years and 30k miles later.

pwd72s 05-25-2021 02:48 PM
Quote:
Originally Posted by KNS (Post 11343044)
On top of that, with the new car your vehicle registration and insurance will be significantly higher.
Depends a lot on you and your driving record. Called my State Farm agent...480 horsepower 2021 Mach one only $106 higher per year than my current 315 Horsepower '09 Bullitt Mustang.

edgemar 05-25-2021 04:40 PM
https://www.electronautomotive.com/

wdfifteen 05-25-2021 04:48 PM
I’m not buying anything but necessities for a while. Too much of the economy is in a bubble. I’d fix it and drive it if you like it.

rusnak 05-25-2021 05:04 PM
That inflation that does not exist is a b1tch !

jyl 05-25-2021 05:32 PM
Quote:
Originally Posted by rusnak (Post 11343382)
That inflation that does not exist is a b1tch !
It’ll be gone before you know it.

Seriously. It’s a trade to fade.

Lot of forward looking data points

https://www.schwab.com/resource-center/insights/content/signs-inflations-surge-is-transitory

rusnak 05-25-2021 05:46 PM
^ I know your stance on inflation, particularly when it relates to automobiles. I read your posts.

I was just having a laugh and giving you a hard time.

jyl 05-25-2021 05:53 PM
Thing is, if it was a fun car then you suit up and wade into the fray. But for another Prius? Bag that.

herr_oberst 05-25-2021 05:59 PM
Would a Prius be a fun car if it had a body conversion kit?

A Caterham 7, SS Jag or a 550 Spyder?

Never mind. I just answered my own question.

jyl 05-25-2021 10:52 PM
Quote:
Originally Posted by herr_oberst (Post 11343438)
Would a Prius be a fun car if it had a body conversion kit?

A Caterham 7, SS Jag or a 550 Spyder?

Never mind. I just answered my own question.
A friend who bought a gen 3 Prius said he felt like he was driving a “car simulator” which I totally get.

dmcummins 05-26-2021 01:18 AM
Quote:
Originally Posted by pwd72s (Post 11343246)
Depends a lot on you and your driving record. Called my State Farm agent...480 horsepower 2021 Mach one only $106 higher per year than my current 315 Horsepower '09 Bullitt Mustang.
The insurance on my new Jeep is $6 a year more. I didn’t think to check beforehand, but I can handle that.

ckelly78z 05-26-2021 01:45 AM
Check into the availability of a battery for your Prius, lots of items are experiencing shortages for various reasons. You would be much better suited to fix the Prius, and continue driving it for a year, that won't be money wasted. The car won't be much good to anyone with a dying battery.

cabmandone 05-26-2021 03:23 AM
What the hell kinda consumer are you? Worrying about spending more...pffft. Come on man buy...buy... buy...

You had the right answer in your first post and confirmed in less than 10. Fix it, drive it, wait for prices to come back down to earth.


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