Car Prices Are DROPPING! But It Is Not What You Think
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- Опубліковано 30 тра 2024
- Car prices are dropping and this is when you should buy a car from a dealer in 2024. Car expert explains why car prices are going down and when is the best time to buy a car. We also look at which cars, SUVs, hybrids and electric cars have the biggest and smallest price drops. If you are planning to buy a car in 2024, make sure to watch this video.
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ABOUT ME
With over a decade of experience as a professional car buyer and auto consultant, Shari Prymak has helped thousands of consumers with their car buying needs. Car Help Corner provides honest, objective, consumer advice with all aspects of car buying and car ownership. For more professional advice, check out Car Help Canada, become a member, and subscribe! - Авто та транспорт
the prices are still ridiculous, let them sit on the lot, hit them in the pocketbook and the price should drop. RIDICULOUS prices!!!
🤣
Quit dreaming already
Are you talking about Canadian $ or US $?
I spent a recent Saturday trying to help my niece buy her first used car .. 3 yr old Toyota Corolla, Honda CR-V or Mazda CX-30.. The three dealerships arrogance was palpable, their unwillingness to to provide any cost reduction absurd, each car views ticket price was around $23000 but ended up close to $30 k after all the additions that they point blank refused to take off . 8 or 11% Apr loans to boot .. they said they can sell them within a day .. 3 weeks on I still get emails if I’m still interested .. such greed .. Thankfully my niece received a generous gift of a 5 yr old BMW i3 with less than 20k miles by paying off the remaining loan of $7k from an elderly relative.. :-)
buying used car is so expensive might as well buy a new one with 3 yrs warranty
Another consideration is insurance. For some new cars it could be as much as twice as much as for older cars
So a Lexus ?
Yea insurance has soared especially for older Kias and Hyundais which get robbed easily
Cars depreciate so fast, the lack of quality, and not worth the hassle for what we get. I don't want or need all of the tech in these vehicles. I need a high quality car to get to work. Vehicles are an end to a means and not life. We went down to one vehicle as the cost and quality is longer worth it. Gas is higher, insurance on everything is higher, we had to rebuild our house because of a hurricane and the prices are crazy, food cost is much higher. It's not worth it. Keep it simple, reliable and affordable. Our lives are not all about bills.
Cars are a very big part of everyone's life. The feeling I get when driving a clean and slick car, with interior and quality of ride that I personally enjoy, it's just great.
I'm not saying prioritize the car over anything, I'm saying a good enjoyable car will make your days better, considering how much time you spend in it. It becomes a fun little adventure every time you ride, rather than means for getting to a certain place.
But that's just me.
@@arsenhorvat6951 like a bed you spend a lot of time in it but cars do not need all this junk that breaks that people never use.
EV vehicle manufacturers got REALLY greedy during the pandemic and now they are paying the price
I dort see any price going down, contrary going up!
If you’re relying on public charging, avoid any EV that can’t use Tesla superchargers. Public charging infrastructure was already underwhelming, and the flood of EVs on the road made it worse.
I leased my Kia EV almost three years ago. At that time, there were never lines at chargers but now it's insane. I'm definitely looking forward to turning it back in soon! When I charge at home I'm fine but on a road trip, it's super annoying!
@@whereisroom3204 you can use the tesla superchargers on your Kia EV.
I am waiting for my solar EV AWD Aptera pre order. It has NACS Tesla connector and/or can charge the 45kWh battery by its built in Full Solar panels. If not, am going for a future PHEV.
@@eagleeyez1 I tried looking it up and don't see any info that it's available yet, only that it's coming soon. Where did you see it's available now?
Most of the chargers have been abandoned and or are broken.
Your videos are always informative and helpful. Thanks a lot.
I have been looking around for Toyota's or Honda's various models for the last couple of years. It does not look like the prices of these vehicles are dropping - exactly opposite.
Thanks for your information.
3months ago shopped for a new “transitional” vehicle as not ready for full EV. Bought a CRV hybrid off dealer lot and paid MSRP, no doc fees/dealer fees! Tried PHEV but inventory scarce and RAV4 hybrid/Lexus NX hybrid factory order was 1-1.5yr wait (pre-owned was same or higher priced as new) OR pay up to $5K on new stock with dealer-added options & other fees! Said to Lexus dealer “no thanks” and walked out!
You said to Lexus no thanks! Well done! They have to know we are smart and won’t pay insane prices. Cheers.
I have a solar EV AWD Aptera pre order. That or a pre order RAV4 Prime, same waiting time. Either way, I’m still on my ICE, driving it to the ground. Everything electric vehicles, is a waiting game.
What was your OTD and what trim?
Hybrid or plug-in hybrid my next luxury car or luxury SUV
mealwhile in china BYD is selling cars starting at 10k ... yeah 10k a car, why would I want to buy a silverado EV for 100k. make it 35k which is the actually reasonable price
It's a tiny hatchback that's even shorter than the Yaris hatchback. The base model has a 200 mile range. But it is the cheapest EV to date, the slogan is that EV cheaper than ICE.
Hey everybody, can I get a Happy 21st Birthday Shout Out for my Pontiac Vibe? Bought new from Cliff Mills in Oshawa 1 June 2003. Still Vibin' ❤
Happy 21st Pontiac !! 🎉
That’s because it’s actually a rebranded Toyota Matrix.
There are more than 100 electric cars, SUVs, and trucks available at the dealership's parking lot, but there are no buyers.
That's not true
The unreliable ones are the ones sitting in the lots. Toyotas don’t even make it to the lot.
Location also has an effect on the car prices. Where there are a lot of affluent buyers will naturally mean prices don't come down much if at all. Law of supply and demand always work.
My advice to everyone is to stick to your existing vehicle and do NOT buy a new care ESPECIALLY NOT AN ELECTRIC ONE!! New cars and electric ones are extremely complicated and it will cost a fortune to get them fixed! An old used car on the other hand is easy to fix and you can take it to any mechanic to get it repaired. Save your money instead ,and invest it, retire early and ENJOY life!! At the end of day, a vehicle takes you from point A to point B and it is just silly to spend bunch of money for a car!
Here on Long Island, NY Toyota is STILL asking for $1,000 Adjustment fee for the Rav4 😢
There is a lot of this BS 'One pricing' popping up at dealerships as advertising 'this is their lowest price!' 'No need to negotiate!' We are 3-4 years removed from the pandemic and it is still ridiculous hard to get a car at a reasonable price.
Get used to it. As long as people are still dumb enough to pay the automakers' ridiculous prices they won't come down. I for one hope they crater big time. It's high time people voted with their wallets and just refused to pay these crazy high prices, even if they're in a position to do so.
Buy a sedan, many are low to mid 20k
What’s still above “normal” prices are sports/luxury cars, trucks, and SUVs but many sedans and all SUVs are selling what they us to sell for before 2020
Price may be dropping, but the interest is killing you 😂
The cars ppl want . There price is not going down
I've noticed Honda and Mazda are offering discounts up to $1500, mostly on higher trims but it's a good sign. Toyota inventory is hit and miss still but I'm seeing more RAV gas models show up and despite advertising up to 1k off I'd be incredibly wary of the dealerships trying to pull off mandatory add-ons and other bs. Subarus are getting more inventory as I saw close to 20 Crosstreks on a lot the other day but very few Foresters, Imprezas.
Great video! 2020 Honda CR-V! 40mpg!
UPDATE: 5/13/24 -- I took delivery today of a brand new (well, 2023, but it was sitting in the showroom for almost a year) KIA Niro EV Wave for less per month than my 2022 Hyundai Kona Limited!! After the test drive, I found out that I'm saving over $9,000 additional off sale price as EV leases in the State of NJ do not pay sales tax and still get the full Federal tax credits.
Sounds like a great deal well done 👏 Hope you are enjoying it so far!
Hybrids are extremely great for your peace of mind.
Ford is going into legal battle in the UK because they can't sell enough EVs to be 22% of their cars sold in the UK. "You can't go against market" - said their executive there. Glad to her that phrase, Ford!
If I'm going to spend my hard earned money on a vehicle I want one that has no scheduled oil changes or no tune ups. Brake pads that can last a decade, super economical but with supercar performance, and with tons of cargo space. I want it to run on water, or at least something I can produce at home so I don't have to rely on gas stations. I also want it with a navigation system that's second to none, where the car can drive itself with technology that constantly improves. I also want a 360 security system with it, with an 8 speaker surround system, and a screen big enough to watch movies in. I want it to be very efficient in traffic jams so I don't have to bang my head against the steering wheel on my way to work every day.
Any suggestions?
Hi Shari- Because of your videos and subscription to Ca Help- I bought a 2024 Mazda3 GX. I got it for the price that you stated. I bought it at LLalo Mazda Brantford Mazda
I took possession of my new 2024 Subaru Forester on Feb 29th. It is a gas model. Did I like the Hybrids I test drove? Absolutely! They had great power in stop and go driving and they have great fuel economy. But the Hybrids are all top level trims and fully kitted out. I just could not justify that huge price difference. And I am getting ready to retire so stop and go driving is no longer a big issue for me. I shopped around for the best ICE compact SUV that fit my needs and it was over $10K less than a hybrid, plus the colour I wanted was available for delivery in just a few weeks. I was lucky enough to have cash from the sale of my house so as to not need to worry about the high interest rates. I avoided the dealers that heavily marked up their costs above MSRP during Covid, or the ones that bought vehicles and put some km on them just so they could turn around and sell a used vehicle at above MSRP to get around the rules. Those dealers have no ethics and would never get my business.
Just got 10% off a 2024 Honda Civic Sport Touring May 10th. Many dealerships said no, some went up to 5%, found 1 that gave in.
Well done 👏
Just to confirm this video. 4 years ago i was offered 15000 for my 2015 accord hybrid touring. 2 weeks ago i was offered the same amount. On trade in.
I was in a car accident today so now I have to buy another car. 😭 I’m dreading it and trying to prepare myself for the sticker shock. I would like to own a hybrid but do not know if I can justify the extra cost because I am retired and don’t work FT anymore. I would be paying cash so could you give me some tips on how to negotiate a cash sale? Thanks and enjoyed the video.
The answer requires a full video! I have some great negotiating videos already but I'm planning to make an updated one soon.
I am planing to keep my 2008 Saturn Vue until it Falls apart :)
Still driving an 80 GM pickup. Just keep replacing parts, eventually it becomes a classic.
Same for my 2012 Chrysler 200 bought used 6 years ago. Up to 150k+ this far hoping and praying it keeps trekking along
Yeah, I'm planning on keeping my old 2017 Model S. These newer models aren't that much better. In fact, I prefer certain features that my model has. It's not a race car, but being below 4s 0-60 is more than I'll ever need so no performance model for me. Not falling into the trap.
If they would stop misleading the public about the range of their vehicles they would probably sell more of them.the range stated by the manufacturers is cut in half in the winter in colder parts of the world, something they usually neglect to mention, that leaves a bad taste in people's mouth and they get rid of them, don't buy another one and tell everyone they know about it.if the manufacturers had been upfront about and took a proactive approach to the loss in distance during freezing weather instead of being reactive I think they would have been better off.charging times are ridiculous as well and it's just not practical.if I'm going from new Orleans to Chicago I want to drive straight through only stopping for a couple minutes to fill up with gas, not have two or three four hour layovers in the freezing weather waiting for the thing to charge so I can go another 200 miles.
Not even close to affordability but sponsors pay you to say these things
I am leaning towards towards a PHEV, but, even with the models I see online at over 120 days on the lot, the dealers are not dealing with confidence. For this reason alone, it may actually be cheaper for me to go full EV instead and get the tax credits and lease an EV cheaper than a hybrid or ICE version of the same vehicle. Since I have solar roof panels, I would have no issues getting a level 2 charger installed in my garage, and pay almost nothing for the charging. I don't travel enough, so public charging would be a rarity for me.
If I knew that the taxpayers would bail me out regardless I probably wouldn't budge on pricing either.
That's what I did, bought my 2nd EV.. Kia EV 9 lease it to get he 7500 and store discount and paid it cash after 2 weeks, for family trip since we have Tesla already. So much savings since we have Solar Panel and got 2 level charger in our garage.
@@billbonu1639 Well, I the Taxpayer am paying taxes, so I would like to get some money back when buying/leasing a vehicle!
Yep having a hard time with high interest we’re I go try to make a deal they lie change my mind now I’m shopping for 2024 Honda passport give me advice on that thank you 🙏 keep doing good job
Toyota has taken on a definate attitude. Mazda was one of the companies that seemed to want to do business
I think June will be the sweet spot
Until the insurance covers the price of the car you should not buy. Most vehicles are not as reliable as the one you are driving now. Car dealerships prices should be well below the MSRP because the manufacturers have raised the MSRP to make people think the dealership is giving you a better deal. They are not worth the exploded prices. Double charging for upgrades that are already included in the MSRP.
Toyota was 100% correct when they pushed back against the EV hype. Hybrids are the correct answer.
They made sense 15-20 years ago. Now they're just the worst of both worlds - More moving parts that break (even more than a conventional gas car) and not nearly as efficient or powerful as a full EV.
@@migmigjohnson9351 Tell that to Toyota. Their hybrids will go hundreds of thousands of miles with minimal maintenance (fluids, basically). They clearly have no issues with reliability.
Most people don't need huge power in cars - frankly the EVs are all far more powerful than they need to be and this is reflected in people who wear through their tires way too damn quick with all that low end torque.
The numbers aren't lying - Toyota's hybrid strategy is what people want, they can't build enough of 'em! Everyone is sitting on lots full of inventory while Toyota dealerships can still actually pull BS like dealer markups and get away with it, because the demand is so high.
Battery evangelists don't want to accept that most people don't want to have to spend 30-45 minutes every 4-5 hours recharging long distances. The gas station is a 5-10 minute affair, gas and go. No need to wait for charging plugs. If you have a plug-in hybrid you can still plug in at home and get to work on pure EV while maintaining the flexibility of a gasoline car.
I have a question how come checking on your credit score harms your credit score???? Total mystery to me????
I would consider a hybrid, but it is only one consideration. My wife just bought a Mazda CX5 Signature Turbo. It's a really nice car and reasonably priced in today's market. Even though incentives cover the extra cost, I won't buy a PHEV because the battery reduces cargo space, and if it gets cold, like where I live, you must run the engine to heat the passenger compartment. You can't use it as an EV in freezing winter conditions. For example, the RAV4 automatically turns the engine on at -14F. These cars are also very complicated, which might lead to maintenance issues. For instance, the RAV4 has a heat pump built-in to warm or cool the cabin when in EV mode.
I’m considering buying a 21 Toyota Tacoma
How much will your model Y be worth in a couple of years? For most people, depreciation matters more than sticker price.
they always ask this questions, from Toyota to Benz when I used them for more or less 10 yrs we trade them same low prices despite I go to different places. Now bought Tesla and EV9 we will use them hopefully a decade, don't worry we have extra insurances to prevent headache, but we are loving the EV car performances.
Nope! Keep saving, and be patient
i agree with skidbotify. I've been keeping an eye on the market and prices are still ridiculous.
Just got an SUV for 13.25% off MSRP.
Challenger and Charger prices are very low in Austin
EV prices are keep dropping, while gas/hybrids are going up year by year, maybe few years later, we should be able to buy EVs just as cheap as gas/hybrid cars. I was really tempted to buy a Nissan Ariya Platinum+ e4orce with $6000 price reduction, but I am not a Nissan fan, and I don’t like the fact that Nissan doesn’t offer actual buttons for climate controls and it doesn’t have good enough storage in the cabin mainly not having actual center console storage, as a Honda/Acura fan, I think I will just wait for Honda/Acura’s own EVs, not Prologue or ZDX.
Nice summary. However, it would have helped me more to see CAD equivalent for various prices that you have mentioned.. I understand you addressed both US & Canada however I may have missed canadian prices, so even a tag on screen would help. Thanks again for your expert vlogs, very informative
Not sure why people are pushing EV. Tesla laid off the team maintaining and expanding charging stations. Some parking garages are not allowing electric vehicles due to the infrastructures lacking the fire supression systems rated for that kind of fire. Maintenance and reliability are still issues. Registration and insurance are high due to it is considered luxery and common accidents results in scrapping the car due to high repair costs or battery safety concerns. Replacement batteries for Tesla ranges from 12,000 to 22,000 United States Dollars.
They did went to our house for repair for free Tesla model 3 2023 and tire rotation for minimal costs, tesla insurance is lower than our Toyota corolla 2021 hybrid, our 1st hand experience
Tesla doesn't have a mass of cars sitting on lots. The numbers they show "in inventory" are the same across the country. They have the tightest supply chain. It's affordability that's slowing the market. Inflation is out of control and we have leadership that preteens to be inept at addressing it and would rather allocate multi billions of taxable dollars to non American causes.
A big blow for those who brought a New Tesla before the 20% reduction in price by manufacturer.
I considered a hybrid till I found an online hybrid calculator.
It would have taken 10 years for the cost of the hybrid to break even on a RAV4 hybrid vs non hybrid RAV4
If you take that long to break even, then you simply don’t drive enough everyday.
@@blackwhirlwind1245
100K miles break even.
Do the math and educate yourself
@@hphillips7425 fine, let’s take limited gas vs limited hybrid, since limited hybrid comes standard with AWD, price differences between the 2 is $1650, assuming you drive 1000 miles per month, that’s 12,000 miles per year, now let’s calculate the cost to fuel up, regular gas limited does 28 miles per gallon for mixed driving between city and highway, so 12,000 miles divided by 28 miles per gallon = 428.57 gallon per year, the gas price in my area cost 3.5 dollars per gallon, so 428.57 gallon times 3.5 dollars/gallon equal $1500 per year, this is the cost per year to fuel up that regular gas limited, now do the same math for hybrid limited, 12,000 miles divided by 39 miles/gallon equal 307.69 gallon spend per year, times 3.5 dollars/gallon equal $1076.92, so the difference per year is $423.08, times 10 years equal $4230.80 of difference, this is way more than $1650 that you have to pay initially for buying hybrid limited. $423.08 times 4 years equal $1692.32 and that’s already break even after just 4 years. The calculation is only based on mixed city and highway driving EPA rating, if you drive mostly in city, that difference will only be more. Like I said, you are not driving enough each day, you will only make you feel like an idiot for not calculating for yourself.
Not sure I want to deal with a wire connection to the home each time I move the car! And what happens with 3 or 4 cars in the family?
These manufacturers are slashing prices mad, but how sustainable is that in the long run?
👍
Prices are still way too high. No thank-you
For people who make more than 300k, it doesn't make sense. You don't qualify for model y federal tax discount. Buy used don't make sense because after federal tax the same as brand new. Model 3 doesn't make sense because it is more expansive than y. Just buy a hybrid. Plug in hybrid, don't make sense. Because it is more than expansive than ev. Buy a hybrid that is 5 years older, and don't buy what you can get your catalytic converter stolen
But Banks want to increase APR
How much does it cost to replace a rav4 hybrid battery?
No idea - but Toyota hybrid batteries have a 10 yr/ 240,000 km warranty.
Who cares? Nobody is ever going to do it
Mach-Es no longer get a tax credit in the U.S.
Hybrid all the way, every day all day
which hybrid cars u like? what are some good ones?
@@thematrix29, it's not about what any of us likes.
It's about statistics on reliability, TCO (Total Cost of Ownership), longevity etc. - and they point to the best being Toyota/Lexus (due to them the entire segment of hybrids is the most reliable). Then Honda/Acura is a good option. Kia/Hyundai/Genesis are less reliable.
@@thematrix29Prius, Prius prime, rav4 hybrid and prime, cross hybrid, nx hybrid or plug in. Stay Toyota basically.
I'm starting to think about an EV as my next vehicle, but ideally that is still a few years away.
Tax credits are a lie. $10,000 tax credit is like $2500. In real world money. Assuming 25% tax rate.
Shari, In Norway, where the new car market is over 80% fully electric, used ICE car prices are plummeting. If the market goes electric in the US and Canada in 3-5 years, I'm not sure a hybrid will hold it's resale value. A used EV may be a better option for many right now. Be well, and thank you for your very balanced videos.
Used hybrids already sell for absurd prices. They are very hot. EVs will get there eventually, but until then hybrids will be safe buys for quite some time.
I dont care about eletric cars i wanna see price drops on ICE cars.
Car prices will drop because of stiff competition.More and more car and model are flooding the market.
Since when. Not from what I've seen on dealer lots, & internet. Or they post really low prices on the internet & when you go in, it's a different story Greedy, asinine dealers.
I fell asleep on 2nd minute
Teslas aren't a bargain at any price. Their build quality is junk and they're failure-prone. They're overpriced to begin with (like pretty much every other brand of vehicle), expensive to insure, and if you get into an accident with one (even minor) your insurance company is likely to write it off because they are SO expensive to fix. Also, if the battery dies it could cost tens of thousands to replace. So, you might as well as ditch the car, anyway. IF you're keen on EV technology at all, I would advise you to buy a hybrid that doesn't have to be plugged in. Eliminates range anxiety and you don't have to waste hours waiting for your all-EV to charge its battery if you're traveling. I like the concept of EVs itself, but at least for now there are far too many logistical problems to overcome before it makes sense to own one.
You're suggesting a car with twice as many moving parts than an EV or a gas car, yet better than neither... do you work for any ICE auto manufacturer, by any chance?
Car prices dropping?
Especially when people who have sold their cars because they worked from home but now are going back to office......
Car prices are not going down.
Does anyone know which Mazda dealer will negotiate in southern Ontario?
........what is u asking???
Prices for new HONDA/TOYOTA in CALIFORNIA.....still 2020/22 prices.!.....LET THEM KEEP THEM.!
This info hardly applicable in clownadian market
Hey Shari, is this channel Canada-market specific? This is REALLY dependent what country youre in.
US and Canada 👍
@@carhelpcorner great, two very different economies and car prices.
I'd buy a non farting horse before I'd buy any EV especially a used one out of warranty. The battery dies and that around 10 grand minimum to replace it. I was watching a video on here, can't remember which company but their invoice price for a new battery was $64,000.
Prices are not dropping yet…they are still adding thousands of BS fees on top of the sticker.
Why not work on your delivery a little bit and do Norm McDonald impersonations?
I'D TAKE ANY OTHER GAS CAR OVER EVS FOR THE PRICE
Got a Subaru Outback touring XT for 4.5k off MRSP in April. It was my first new car buying experience as well as my first Subaru and I shopped around for about two weeks at different dealerships. Apparently this particular car had been sitting on the lot for almost six months. Probably why. I’m supremely happy with it so far though. There was a dumb add-on for $500 on a dealer PPF installation but I accepted it because the sales experience was great and very straightforward. They gave me the OTD right away in writing the second time we spoke so I was very happy about that. If any of you are in the area, ask for Julia at Subaru in Glendale. She’ll take care of you.
New car? Nope. Too expensive. With the price of other things including housing, groceries and utilities, a new car is too expensive as I make $28k/y
Buy with what? People don't have money.
Where's the RESALE used market value on an EV? Who's going to gamble on replacing battery cost? Early EV Batteries are obsolete. Are EV's 'purchase and discard' vehicles?
1. If you buy a car, any car, with the intention to flip it, I have a bridge to sell you much cheaper.
2. Every used car you buy is a gamble. There are things you do before buying them, and EVs aren't the exception.
3. Yes, they're wayy obsolete. And not even "early". I'm talking about 2021 batteries are "obsolete", and that's because this technology is revolutionizing at a crazy pace, where gas cars haven't made any major improvements in decades.
4. Ask any EV owner if they have plans to "discard" their EV anytime soon.
Are you talking American dollars, American data to a Canadian audience???
Please, don't buy any luxury, Chrysler, or jeep products. You will regret it. Luxury services and parts are expensive, and jeep and Chrysler vehicles are not reliable unless you're expecting to have the vehicle only for 5 years.
Tesla SUCK even at 30 to 40 is High
Riiiight, that's the exact reason why they are selling like hot cakes
@@dkrawk8309 Yea I got me one of them hot cakes a few months ago. Tinted the windows last week. I can't believe I actually own one of these things. Never thought I'd even consider it, until I drove one.
@@dkrawk8309 So most people like spending money on JUNK?
@@camitup what is wrong with You?
What grounds do you have to call anything "junk"
Do You even have any simple mechanical knowledge?
Or just sit there and run mouth of nonsense
If you got vaccinated ….you probably have a Tesla.
I just want a new vehicle without all the electronic crap and a manual transmission.
Still driving my 11yr old ICE Mazda6 Touring 6MT. Waiting for my solar EV AWD Aptera pre order. If it doesn’t come, it will be a PHEV. No pure EV for me.
I want a vehicle with no scheduled oil changes, no tune ups, super economical but with supercar performance, and with tons of cargo space. I want it to run on a type of gas that I can make at home. I also want it with a navigation system that's second to none, where the car can drive itself with technology that constantly improves. I also want a 360 security system with it, with an 8 speaker surround system, and a screen big enough to watch movies in.
Any suggestions?
Even the cheaper used one's are just not worth the crap to change...
My no payment hybrid Toyota still has another 30 years left on its lifespan. I’m good for awhile. 🚙
(Not having a $700 average car payment = $1.3 million dollars 30 years from now)
Ford could drop the price on the F150 Lighting $55,000 and I still wouldn’t buy one. 🤮
I have zero interest in paying $20,000 more (on average) for a range limited electric vehicle with virtually no charging network in North America. Imagine taking the family summer road trip through fire season stranded in an EV. 🔥 😬
Which Toyota do you have? Good man, cars shouldnt be changed every 5 years or whatever, should be made to hold long-term and maintained properly. The only thing I would ve worried long term now is hacking vulnerability is the car has that problem because of electronics. But you should be able to disable that shit or update it.
I agree on the BEV scam, I also have a paid (cash) Lexus hybrid.
But do you know that your math sucks? 🤣😂🤣
Please explain how $700/month means $1.3 million in 30 years. Is this some Bidenomics/Trudeaumagic?
Let's get real here. I've only bought used cars and have no car payments because they've been sub $10,000 cars. You are going to find it hard to find parts later on. I had that with a old Lexus from the 90's evap control module. The mechanic told me there is no fix because they don't make it. 🤷♂️
@@codincoman9019
$1.3 million is a very conservative estimate. I’ll keep it overly simple for you so you can make an basic attempt to understand.
The average new car payment in the US is about $700. If you wisely invested $700 per month from age say 25 to age 50, (that = 25 years), 10% ROR, you’d have well over $1 million dollars. It’s not rocket science utilizing the time value of invested money, conservative ROR and basic math.
Let’s look at it another way making even more money forgoing an even smaller payment. Let’s say you bought a used 10 year old Camry for cash and instead of wasting $500 a month on a car payment, you invested that money in a Roth IRA instead. After a 40-year period, that investment will be worth $4.3 million dollars.
You sound young and MAGA level dumb, hopefully you can be educated on a basic level. Be an owner not a loaner.
@@billyrock8305 , Billy, dear snowflake, I have more than enough money due to the investments I did over the last decades - and I live in Eastern Europe, not in the US where is pretty easy to be successful, as your market is huge -, thus I buy cash when it is about small expenses like cars. In fact, even the last 4 active houses (I bet you don't know what "active houses" are, maybe you'll get educated) and the plot of mountain land they are built on were financed with cash.
And I got a MBA when I was young, pursuing a successful career in a few corporations, leading a cluster of countries.
Therefore you are like an obnoxious fly with your stupid approach. I don't usually have time for leftards, but you need to become humble, it will help you. So, beyond numbers, it is stupid to believe that even with things going as planned in ROI the result will not be deflated due to the huge inflation. Keep the number crunching for you, I know better than you about CAGR and other things, go barking to some other doors.
But I lost too much time and the smart one will leave the show without looking back.
MAGA! 😂
The F150 I bought had a sticker of $77000. Paid $61000.
EV vehicles are still a bit of a niche product. The proprietary maintenance and still inconvenience of finding charging areas. I don't want it. Also ... financing and interest rates are still high.
It's funny how on my 15 mile drive to work I always see at least 8 Teslas and 2 or 3 other brand EVs, but they're still somewhat a niche market. That's why I love it. Proprietary maintenance is scary. Took my Model S to my mechanic for the past 10 years and he didn't even want to touch it, and all I needed was the brakes checked!
And yea, financing and interest rates are high.
I will not buy an EV until the next generation of batteries come out. Canadian infrastructure is awful. EVs are useful for home charging.
I don't care about junk electric cars.
Plug in are better than electric. Full electric are not good like ice ones.
Teslas are not junk. If you follow the sheep you will always eat crap at a premium price. Now is the time to buck the trend. Plug in Hybrids are wishy washy with 2 mediocre systems that don’t add up. Run and hide from electric all you want but eventually you will get humped
I'll wait for the recession to hit...shouldn't be much longer.....then ALL dealers will be willing to discount😜
I thought you were an AI.
LOL
Used EVs don't worth shit !!
I am not interested in EVs, stop talking about them already!