My sports car tranny broke down again for the second time this weekend, so I was looking online to possibly get another vehicle that is a little more practical to carry gear in. And I was pleasantly surprised at what I saw after not paying attention to the car market in years. I don't know if it is the economy or the fact that people don't want gas guzzlers or what, but there are a ton of listings for all kinds of 2000's era vehicles including some expensive brands like Navigators, Audi's and others all selling in the $4,000- $5,000 range from private owners. And many are close by my home.
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yah, even new ones are cheaper than ever right now
car biz is hurting too!
Down 45% this month. -
more people like buying new vehicles, so there are not as many buyers looking for used
I get a brand new vehicle every 2 years, that way I never have to buy tires or fix brakes or anything like that, always new and under warranty
I think it starts to compare favorably when you don't have to add in those maintenance costs
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plus you cant beat 36-48 months 0% apr..more people like buying new vehicles, so there are not as many buyers looking for used
I get a brand new vehicle every 2 years, that way I never have to buy tires or fix brakes or anything like that, always new and under warranty
I think it starts to compare favorably when you don't have to add in those maintenance costsComment
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And that would explain the car markets decline - as stated 45% or so from GM, and Ford. Ya that is it. People are buying new cars.more people like buying new vehicles, so there are not as many buyers looking for used
I get a brand new vehicle every 2 years, that way I never have to buy tires or fix brakes or anything like that, always new and under warranty
I think it starts to compare favorably when you don't have to add in those maintenance costs
Oh and Marketsmart - just how many do you think percentage wise even qualify for 0% APR terms? Especially with so many people getting either their credit wrecked by finanical issues (foreclosures, unemployment, to much debt, etc.)Comment
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good points, but I was thinking more along the line of people that might have 10,000 to spend on a used vehicle are probably buying new vehicles instead, whereas ten or fifteen years ago not so much
I could be out of touch with what is the reality on car lots these days though
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I think more and more people are leasing cars. If you get a new car every couple of years it makes sense because you never end up with negative equity and you always have something new and under warranty to drive. The problem for the dealers is that they lease the car and it's not really a sale then in a year or two they get it back and now they have a used car that is worth half what it was a couple of years ago and they have to sell it. . . the good news is if you are buying a used car from a dealer you can get a great deal on a car with not that many miles.
Much of it is the economy and the type of car too. A friend of mine is looking at SUVs. He has three kids and a wife and needs something bigger. The car dealers all but offered to blow him if he would buy it.Comment
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