Cars still way overpriced. They are now unaffordable for over 80 percent of Americans. I say keep your current car and maintain for as long as you can. No reason to go in the poor house for a depreciating liability.
There are over 20 million millionaires in the USA. A lot of those millionaires have girlfriends or wives, husbands or boyfriends. Many of them have families with adult children who access to those funds for expensive vehicles. There are tens of millions of people in the USA who have high salaries. Many of them have families who have access to their money for purchase of expensive vehicles, clothing, jewelry and electronics. New vehicles are affordable for a much higher percentage of Americans than people might think. Not everyone is poor or struggling. It they are, they shouldn't be purchasing expensive vehicles. They should be purchasing cheap, used vehicles from private sellers.
Yes and no. The repair cost is not cheap either. My Ford Explorer 2001 (2.5-3k$ value) needed 2 repairs this year. Each one is around 1000$. It is still less than a new car price, but investing so much money in an old car is feeling like a not very smart decision. And I can't go far on that car due to I am not sure that I wont stuck in the middle of the desert.
Forget the phone calls. Do all dealership correspondence through email or text messaging. This way you have EVERYTHING discussed and agreed upon in writing. I always ask upfront what my OTD (out the door price) is for the new vehicle. Never mention upfront that you will have a trade. Only mention the trade AFTER you receive your OTD price in writing. Always get your financing pre-approved with your own lender and ask the dealership if they can beat your bank's quoted finance rate. Seriously consider selling your trade in vehicle to Carmax. My last two car deals I got a much better price for my used vehicle by selling it directly to Carmax. By eliminating a trade in you are simplifying your new vehicle negotiations and lessening the opportunity for the dealership to screw you over during the transaction. Most importantly...don't be afraid to walk away if the dealership is playing games.
I was in a dealership negotiating my Passport while also texting with another dealership who wanted to make a deal. It was funny how nervous the dealership that I was at became. They were almost in a panic to make a deal as they heard the texts coming in on my phone.
When a ranger raptor goes for $35-40k slightly used, then we'll know we're back to normal. ANY performance or luxury vehicle does not hold value in a normal world for two reasons: 1) only rich and/or dumb can afford these overpriced vehicles new, and there is a large drop to the next tranche of incomes that are potential buyers, and 2) it should always be assumed that performance vehicles were driven hard, and with more vehicles being of the higher performance type now and not just traditional sports cars, this means a significant amount of all vehicles should be assumed to be worn in beyond what they should be for their mileage
Bought a ‘24 4Runner TRD ORP last month for discount below MSRP. No more vehicle purchases for me for 20 years or so. Couldn’t be happier with the truck.
I haven’t bought a new truck since 2011. It’s been paid off 10 years and I don’t plan on buying the new garbage they are making. I don’t need a 20” screen. I don’t even need a stereo. No auto lock or door. I don’t need back up cameras or parking assist. I don’t need window washer fluid warning or a light in my mirror that tells me when someone is beside me. I don’t need automatic and I don’t need cruise control. I don’t need a built in ladder in my tailgate and I don’t need a sunroof. Trucks are garbage now.
You're not helping the overall economy buy not buying stuff you don't need. And you call yourself American? 😄. Just kidding of course. Good for you, and others like you, buying just what you need. Agree with quality of vehicles has declined so much.
Agreed, just got a replacement and dam I got lucky on the price compared to the options I was looking at, there are still deals to be found but finding them is the problem
Buy now, buy next year, not overly important. If you want to save money deal directly with the internet department or if the store has a fleet manager deal with him. Get a drive out price via email. As a 30 year car guy there was nothing we hated as sales managers more than a internet or fleet deal. Those departments give away cars (relatively speaking). Next year is not going to all of a sudden have cars half off. If you need a car buy a car, but most people don't "need" a car right now. Regardless of all that don't just walk in and start your shopping. That will get you the runaround BS "let me go talk to the manager" treatment.
If you already have a vehicle to trade in for a new one you hold all the leverage. You don't need a new vehicle, you want a new vehicle. Walk into the dealership, ask them what their best price is. If you don't like the price, give them your number and walk away.
My 2016 acura engine gave out, and now im daily driving my 03 4runner v8... I found my next new ride. It's just a waiting game now for the price and apr to drop!!!
I don’t get the opportunity to do what you are suggesting Untamed as I live on a rock in the middle of the Pacific (O’ahu) and there is only one Toyota dealer on O’ahu.
I think it will be good In 2025, but right now is a great time to buy, all the new 2025 just Hit The lots, and the dealerships are empty, and their panicking.
Curious what your thoughts are on 5th gen 4Runner prices 2 years from now. Would love to get an off road premium or pro (for a great color like cavalry blue) but I can’t justify paying more than 30-35 for one.
Because of the people still buying high price tag Tacoma... Toyota will think it's better selling less number but still earn more money... this will never end.
@@MadFlavorz solid deals are to be had right now but better deals are on the horizon. I should have waited a little longer. Needed a family hauler though!
Nissan has a 0% apr deal on Titans right now that ends 11/4 I'm pretty tempted. I have a trade in so I'm sure the value is only going to continue to go south from here. How would you navigate this?
@@eaglechopper ya never been a Nissan (always Toyota) guy but the Titan is a solid truck & read nothing but good reviews. And it's the last of the real trucks with the naturally aspirated V8 like untamed always covers. I drove one the other day and was impressed. Toyota has really missed the mark with their new Tundra platforms I can't do turbos...so here we are.
Motor vehicles don't last forever. Those who are keeping their old cars are going to be hit with huge repair bills. And when interest rates go down ... prices go up.
Cars still way overpriced. They are now unaffordable for over 80 percent of Americans. I say keep your current car and maintain for as long as you can. No reason to go in the poor house for a depreciating liability.
Ur smart
There are over 20 million millionaires in the USA. A lot of those millionaires have girlfriends or wives, husbands or boyfriends. Many of them have families with adult children who access to those funds for expensive vehicles.
There are tens of millions of people in the USA who have high salaries. Many of them have families who have access to their money for purchase of expensive vehicles, clothing, jewelry and electronics.
New vehicles are affordable for a much higher percentage of Americans than people might think.
Not everyone is poor or struggling. It they are, they shouldn't be purchasing expensive vehicles. They should be purchasing cheap, used vehicles from private sellers.
I still drive my 2012 Toyota Venza.
Still drive my 2010 Honda civic 295,000 miles still running good the day I bought it
Yes and no. The repair cost is not cheap either. My Ford Explorer 2001 (2.5-3k$ value) needed 2 repairs this year. Each one is around 1000$. It is still less than a new car price, but investing so much money in an old car is feeling like a not very smart decision. And I can't go far on that car due to I am not sure that I wont stuck in the middle of the desert.
I like those tips, and yea once your in that dealership at the little cubicle, it seems like they have you. Especially if you really want the vehicle.
Forget the phone calls. Do all dealership correspondence through email or text messaging. This way you have EVERYTHING discussed and agreed upon in writing. I always ask upfront what my OTD (out the door price) is for the new vehicle. Never mention upfront that you will have a trade. Only mention the trade AFTER you receive your OTD price in writing. Always get your financing pre-approved with your own lender and ask the dealership if they can beat your bank's quoted finance rate. Seriously consider selling your trade in vehicle to Carmax. My last two car deals I got a much better price for my used vehicle by selling it directly to Carmax. By eliminating a trade in you are simplifying your new vehicle negotiations and lessening the opportunity for the dealership to screw you over during the transaction. Most importantly...don't be afraid to walk away if the dealership is playing games.
I was in a dealership negotiating my Passport while also texting with another dealership who wanted to make a deal. It was funny how nervous the dealership that I was at became. They were almost in a panic to make a deal as they heard the texts coming in on my phone.
@@waynewallace2061 haha nice! 😂 love it. Did you land a deal with either?
Have you seen the new passport? lol
I guess it was meant to be. I’ve been on the hunt for a new ride and you pop up with this. 😂
@@tome6551 I believe if you’re in a position to wait, it’ll serve to your benefit.
When a ranger raptor goes for $35-40k slightly used, then we'll know we're back to normal. ANY performance or luxury vehicle does not hold value in a normal world for two reasons: 1) only rich and/or dumb can afford these overpriced vehicles new, and there is a large drop to the next tranche of incomes that are potential buyers, and 2) it should always be assumed that performance vehicles were driven hard, and with more vehicles being of the higher performance type now and not just traditional sports cars, this means a significant amount of all vehicles should be assumed to be worn in beyond what they should be for their mileage
Solid advice 💯
@@mikeyID thank you, Mike! 🙏
Bought a ‘24 4Runner TRD ORP last month for discount below MSRP. No more vehicle purchases for me for 20 years or so. Couldn’t be happier with the truck.
I haven’t bought a new truck since 2011. It’s been paid off 10 years and I don’t plan on buying the new garbage they are making. I don’t need a 20” screen. I don’t even need a stereo. No auto lock or door. I don’t need back up cameras or parking assist. I don’t need window washer fluid warning or a light in my mirror that tells me when someone is beside me. I don’t need automatic and I don’t need cruise control. I don’t need a built in ladder in my tailgate and I don’t need a sunroof. Trucks are garbage now.
You're not helping the overall economy buy not buying stuff you don't need. And you call yourself American? 😄. Just kidding of course. Good for you, and others like you, buying just what you need. Agree with quality of vehicles has declined so much.
great info, thanks
@@samcaudill2996 thanks for watching! 🙏
Went to the dealership to buy a oil filter for my 21 tundra $6 not bad. Walked the show room floor. Fully load Camry 48k and Corrolla 44k. No way
Must’ve been a GR Corolla, but yes, pretty insane.
Corollas were 15-17k in 2015...
9 years later they're more than double... ridiculous
I seen Toyota Pruis over 40 grand no thanks
What about the hurricane replacement cars affecting increase in demand driving prices up?
Agreed, just got a replacement and dam I got lucky on the price compared to the options I was looking at, there are still deals to be found but finding them is the problem
Buy now, buy next year, not overly important. If you want to save money deal directly with the internet department or if the store has a fleet manager deal with him. Get a drive out price via email. As a 30 year car guy there was nothing we hated as sales managers more than a internet or fleet deal. Those departments give away cars (relatively speaking). Next year is not going to all of a sudden have cars half off. If you need a car buy a car, but most people don't "need" a car right now. Regardless of all that don't just walk in and start your shopping. That will get you the runaround BS "let me go talk to the manager" treatment.
I HAVE to before December 31 because TAXES… and I still can’t afford/don’t want to buy one
If you already have a vehicle to trade in for a new one you hold all the leverage. You don't need a new vehicle, you want a new vehicle. Walk into the dealership, ask them what their best price is. If you don't like the price, give them your number and walk away.
The Scotty Kilmer of fiction with car pricing
My 2016 acura engine gave out, and now im daily driving my 03 4runner v8... I found my next new ride. It's just a waiting game now for the price and apr to drop!!!
Not gonna get any deal on a Sienna. I have been looking for awhile. Almost impossible to even pay MSRP and I have always refused to pay MSRP.
I don’t get the opportunity to do what you are suggesting Untamed as I live on a rock in the middle of the Pacific (O’ahu) and there is only one Toyota dealer on O’ahu.
I’m currently sitting outside on my hotel balcony enjoying the beautiful morning and sounds of the ocean on that same rock 😂
@@Johnmartins648 I am up in the valley looking down to Waikiki sitting on my porch looking at rain, at least it’s 77°F (25°C)
I think it will be good In 2025, but right now is a great time to buy, all the new 2025 just Hit The lots, and the dealerships are empty, and their panicking.
Curious what your thoughts are on 5th gen 4Runner prices 2 years from now. Would love to get an off road premium or pro (for a great color like cavalry blue) but I can’t justify paying more than 30-35 for one.
Because of the people still buying high price tag Tacoma... Toyota will think it's better selling less number but still earn more money... this will never end.
Best deal on suburban lt.
dura max
Didnt you JUST buy a brand new vehicle?
@@MadFlavorz solid deals are to be had right now but better deals are on the horizon. I should have waited a little longer. Needed a family hauler though!
Nissan has a 0% apr deal on Titans right now that ends 11/4 I'm pretty tempted. I have a trade in so I'm sure the value is only going to continue to go south from here. How would you navigate this?
You can get anything Nissan with almost all 0 APR or 1-2 lol, and there 20-30k ish cars, but that's what you get - a Nissan
Save a ton of money on the price and gas, don't get a pickup truck. Chances are, you probably really don't need it and can rent a truck occasionally.
@@eaglechopper ya never been a Nissan (always Toyota) guy but the Titan is a solid truck & read nothing but good reviews. And it's the last of the real trucks with the naturally aspirated V8 like untamed always covers. I drove one the other day and was impressed. Toyota has really missed the mark with their new Tundra platforms I can't do turbos...so here we are.
What year is the Tundra behind you?
21 pro
Rumor has it Toyota will bring back the v6 to the 2025 Toyota Tacomas. They have finally listened after not selling many
Great news
Lies
If they bring back V6 I will consider trade in my 3rd gen and pay more. With turbo no no no!
Not true still will be the 2.4 fr.
V6 was weak, no power! Why keep crying about it
Incoming hyper-inflation suggests otherwise, but I hope you're right Untamed.
fake news. stay off the conspiracy chat forums
Motor vehicles don't last forever. Those who are keeping their old cars are going to be hit with huge repair bills. And when interest rates go down ... prices go up.
I really want to buy a new car. What new car dealership do you work at so I can contact you.
Best to be patient and wait till... 2025. Hmmm did he follow his own advice this year? Come on 💺 force.... walk the walk.