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Car Market going forward (2 Viewers)

MTskibum said:
@matttyl

New post instead of editing my previous one.

Hard credit inquiries stay on your credit for 2 years, but according to experian it only effects your credit usually around 1 year and it only drops it by 5 points. This is consistent with my experience as well after opening new credit cards, etc.

This is assuming you are paying off your loan right away.

www.experian.com

What Is a Hard Inquiry and How Does It Affect Credit?

A hard inquiry happens when you apply for new credit, such as a credit card or loan. Learn what it means on your credit report and how it affects your score.
www.experian.com www.experian.com
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Realistically they count for 6 months for credit cards. For mortgage it can hit you a tiny bit longer. Depends on what fico method they use.

It is a tiny impact to your score. It can prevent approvals indepentn of the score for someone like Barclays
 
For anyone that hasn't seen him, I can't recommend the Regular Car Reviews YouTube channel highly enough.

He's a legitimate car guy, but also an insanely talented episode writer. He reviews "regular cars" from his viewers/fans and most episodes will leave you in tears from crying or laughing.

His latest is a 1st gen Integra that any Honda lover will appreciate.
 
Bought my oldest daughter a 2009 Kia Spectra with 52k miles on it back in 2016 for her first car. Last week she was in an accident (she’s ok) and the car is totaled. 7 years older and with an extra 65k miles on it, the insurance check is exactly the same as what we paid for it in 2016. Wow.

She is headed overseas for the next 9 months, so we have time to find her a replacement. Is there any indication that waiting until later will be the better decision?
 
Hoh said:
Bought my oldest daughter a 2009 Kia Spectra with 52k miles on it back in 2016 for her first car. Last week she was in an accident (she’s ok) and the car is totaled. 7 years older and with an extra 65k miles on it, the insurance check is exactly the same as what we paid for it in 2016. Wow.

She is headed overseas for the next 9 months, so we have time to find her a replacement. Is there any indication that waiting until later will be the better decision?
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On one hand interest rates are up so you would think that would mean less people purchasing cars, however because of the lack of car production for a 1-2 year period there are not as many used cars available.

It is anyone's guess, i think you can find analysts that will say car market will stay strong due to lack of inventory, and you can probably find analysts that expect the price of cars to drop.

I am not much help :lol:
 
  • Laughing
Reactions: Hoh
joker said:
Is anyone on here a dealer or have access to full Carfax/etc. vehicle reports? My wife is interested in a used Infinity QX50 that has a damage report on it via the free online reports, but the owner says it was a minor incident that only involved paint scratches and no body damage. I have no issues paying for a full report for peace of mind but thought I'd check on here first.
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This is what I use. I've purchased 4 car fax reports from them. It's $5 for a complete carfax. They email you a link and the carfax is available for 30 days. I just download it and save it as a pdf.

https://www.autovhr.com/deal/
 
How do the smart folks think that student loan repayment starting back up will impact the car market, both new and used?

Gotta think fewer new cars will be purchased, pressuring their prices downward. But did those with student loans buy new cars anyway?
 
MTskibum said:
Hoh said:
Bought my oldest daughter a 2009 Kia Spectra with 52k miles on it back in 2016 for her first car. Last week she was in an accident (she’s ok) and the car is totaled. 7 years older and with an extra 65k miles on it, the insurance check is exactly the same as what we paid for it in 2016. Wow.

She is headed overseas for the next 9 months, so we have time to find her a replacement. Is there any indication that waiting until later will be the better decision?
Click to expand...

On one hand interest rates are up so you would think that would mean less people purchasing cars, however because of the lack of car production for a 1-2 year period there are not as many used cars available.

It is anyone's guess, i think you can find analysts that will say car market will stay strong due to lack of inventory, and you can probably find analysts that expect the price of cars to drop.

I am not much help :lol:
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Yeah, it's a very difficult market to predict.

For the last several years, manufacturers aren't selling many cars for various reasons. And they love it that way. Automaker and dealership profits are way up selling fewer cars for higher prices.

The used car market will stay inflated until we get to a place where more new cars are being sold.

I do believe at some point, automakers will get back to making/selling more cars. Even if they don't want to. They can try making fewer cars at the highest trim levels with the biggest profit margins. But they can only do that as long as other automakers don't have the ability to flood the market with reasonably priced cars.

Key words are "reasonably priced". Stellantis and Ford have a massive over-inventory of over-priced vehicles. They have some incentives, but taking a couple racks off of an $80,000 vehicle isn't going to move the needle. They won't get serious about making/selling affordable vehicles until Toyota/Honda/Subaru/Mazda can starting making a bunch of $30,000 vehicles.

Every time we get close to getting back to a production/sales equilibrium, there seems to be a set-back. Queue the possibly coming UAW strike.
 
matttyl said:
How do the smart folks think that student loan repayment starting back up will impact the car market, both new and used?

Gotta think fewer new cars will be purchased, pressuring their prices downward. But did those with student loans buy new cars anyway?
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The problem is that fewer new cars being purchased doesn't help bring prices down. 3 years of that is what got us here.

If there's no way to sell the the previous usual of 17 million new cars a year, automakers/dealers absolutely love selling 12 million a year at the highest trim levels with massive MSRP's or dealer mark-ups (nobody seemed to notice the dealer market adjustments only went away because auto-makers just jacked up the MSRP's by $10-30,000).

If they are going to sell 1/3 fewer vehicles, they aren't going to bother making $30,000 vehicles.

There can't be any relief in the used car market without a bunch of new cars being sold.

There's a pinch coming, as you say with student loan payments starting back up. No doubt Americans will keep trying to buy insanely expensive vehicles even if they can't afford it.

The key here might be the banks. They are starting to see that loaning $90K on a depreciating asset to someone making $60K a year might not be a great idea.

But we know they'll always keep loaning bad money, so who knows.
 
Not sure if there's a better thread for this.

My lease (3 years, 30k Miles. I'm only at 22K right now) is up in like 6 weeks. Leaning towards just buying out my car with the prices being what they are. KBB says my car (Lexus RX350) is worth close to 35K. My buy out is like 27K and change.

Requested terms for both (buy out and new lease) from the dealership. So we'll see what happens there. But (what I think) a pretty hilarious thing happened today. I was overdue to service and since I will probably keep the car anyway, I took it in today. They did the normal stuff (oil, tire rotation, I think they replaced an air filter, whatever) and then the guy had the audacity to tell me I "needed" new tires. I have 22k miles on this car and the tires that came with it (one of which I already had to replace due to a leak) are rated for 70,000. Even if I'm the most aggressive driver in the world (leading to increased wear) that's absolutely absurd.

Just a reminder that these guys are out to screw you at every possible moment.
 
TLEF316 said:
Not sure if there's a better thread for this.

My lease (3 years, 30k Miles. I'm only at 22K right now) is up in like 6 weeks. Leaning towards just buying out my car with the prices being what they are. KBB says my car (Lexus RX350) is worth close to 35K. My buy out is like 27K and change.

Requested terms for both (buy out and new lease) from the dealership. So we'll see what happens there. But (what I think) a pretty hilarious thing happened today. I was overdue to service and since I will probably keep the car anyway, I took it in today. They did the normal stuff (oil, tire rotation, I think they replaced an air filter, whatever) and then the guy had the audacity to tell me I "needed" new tires. I have 22k miles on this car and the tires that came with it (one of which I already had to replace due to a leak) are rated for 70,000. Even if I'm the most aggressive driver in the world (leading to increased wear) that's absolutely absurd.

Just a reminder that these guys are out to screw you at every possible moment.
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What did they base the recommendation for tires on? Did they share the tread depth? I imagine the BMW dealership would give you a nice printout of their recommendations with measurements and future service timing.
 
TLEF316 said:
Not sure if there's a better thread for this.

My lease (3 years, 30k Miles. I'm only at 22K right now) is up in like 6 weeks. Leaning towards just buying out my car with the prices being what they are. KBB says my car (Lexus RX350) is worth close to 35K. My buy out is like 27K and change.

Requested terms for both (buy out and new lease) from the dealership. So we'll see what happens there. But (what I think) a pretty hilarious thing happened today. I was overdue to service and since I will probably keep the car anyway, I took it in today. They did the normal stuff (oil, tire rotation, I think they replaced an air filter, whatever) and then the guy had the audacity to tell me I "needed" new tires. I have 22k miles on this car and the tires that came with it (one of which I already had to replace due to a leak) are rated for 70,000. Even if I'm the most aggressive driver in the world (leading to increased wear) that's absolutely absurd.

Just a reminder that these guys are out to screw you at every possible moment.
Click to expand...
You should be buying it whether or not you decide to keep it or not. Otherwise you are throwing away equity.

Even if you decide on another vehicle, use that one as a trade in or sell it privately.
 
TLEF316 said:
Not sure if there's a better thread for this.

My lease (3 years, 30k Miles. I'm only at 22K right now) is up in like 6 weeks. Leaning towards just buying out my car with the prices being what they are. KBB says my car (Lexus RX350) is worth close to 35K. My buy out is like 27K and change.

Requested terms for both (buy out and new lease) from the dealership. So we'll see what happens there. But (what I think) a pretty hilarious thing happened today. I was overdue to service and since I will probably keep the car anyway, I took it in today. They did the normal stuff (oil, tire rotation, I think they replaced an air filter, whatever) and then the guy had the audacity to tell me I "needed" new tires. I have 22k miles on this car and the tires that came with it (one of which I already had to replace due to a leak) are rated for 70,000. Even if I'm the most aggressive driver in the world (leading to increased wear) that's absolutely absurd.

Just a reminder that these guys are out to screw you at every possible moment.
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It cracks me up. I got into it with service manager when my brakes got thicker in between visits. I asked him if anyone is actually looking at the car?
 
gianmarco said:
TLEF316 said:
Not sure if there's a better thread for this.

My lease (3 years, 30k Miles. I'm only at 22K right now) is up in like 6 weeks. Leaning towards just buying out my car with the prices being what they are. KBB says my car (Lexus RX350) is worth close to 35K. My buy out is like 27K and change.

Requested terms for both (buy out and new lease) from the dealership. So we'll see what happens there. But (what I think) a pretty hilarious thing happened today. I was overdue to service and since I will probably keep the car anyway, I took it in today. They did the normal stuff (oil, tire rotation, I think they replaced an air filter, whatever) and then the guy had the audacity to tell me I "needed" new tires. I have 22k miles on this car and the tires that came with it (one of which I already had to replace due to a leak) are rated for 70,000. Even if I'm the most aggressive driver in the world (leading to increased wear) that's absolutely absurd.

Just a reminder that these guys are out to screw you at every possible moment.
Click to expand...
You should be buying it whether or not you decide to keep it or not. Otherwise you are throwing away equity.

Even if you decide on another vehicle, use that one as a trade in or sell it privately.
Click to expand...
This. 100%. My parents lease was like this. I told them I’d buy before letting them give it back t9 the dealer. They ended up buying it.
 
TLEF316 said:
Not sure if there's a better thread for this.

My lease (3 years, 30k Miles. I'm only at 22K right now) is up in like 6 weeks. Leaning towards just buying out my car with the prices being what they are. KBB says my car (Lexus RX350) is worth close to 35K. My buy out is like 27K and change.

Requested terms for both (buy out and new lease) from the dealership. So we'll see what happens there. But (what I think) a pretty hilarious thing happened today. I was overdue to service and since I will probably keep the car anyway, I took it in today. They did the normal stuff (oil, tire rotation, I think they replaced an air filter, whatever) and then the guy had the audacity to tell me I "needed" new tires. I have 22k miles on this car and the tires that came with it (one of which I already had to replace due to a leak) are rated for 70,000. Even if I'm the most aggressive driver in the world (leading to increased wear) that's absolutely absurd.

Just a reminder that these guys are out to screw you at every possible moment.
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This was the exact situation I was in - you should buy the car outright. I did two weeks ago, buying a new set of tires this week.
 
I wonder if the used car market will be like the housing market. Builders weren't (and aren't) interested in building 1200 square foot starter homes anymore. The money is in 2500 or 3500 square foot Mcmansions. Sure, they'll sell fewer of the big houses at a higher price, but their overall profit will be higher.

This has caused younger buyers from getting priced out of the housing market. I wonder if young folks will eventually get priced out of the used car market.
 
Needed a work truck. 800 credit.
5.49% at 72 months.

tacoma. got em from $700 to $600 but couldnt get em to budge from that.

also, the cheap work trucks are bought as soon as they get a VIN. as soon as they get into the USA. so im paying before it even lands at the dealer. checked the whole state, it is what it is. the cheap tacomas are ALL sold before they land.

for what its worth
 
The Z Machine said:
I wonder if the used car market will be like the housing market. Builders weren't (and aren't) interested in building 1200 square foot starter homes anymore. The money is in 2500 or 3500 square foot Mcmansions. Sure, they'll sell fewer of the big houses at a higher price, but their overall profit will be higher.

This has caused younger buyers from getting priced out of the housing market. I wonder if young folks will eventually get priced out of the used car market.
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my son is interested in buying a home. within a year. The mcmansions are barely above the "starter homes" in AZ. for $200 more, you can get 1000 more sq feet.

I keep telling him to look for a starter home. he showed me. good luck
 
UAW Negotiations are heating up

Curious to see how incentives moved in August - I think they went backwards as a % of MSRP. It is looking more and more likely that there will be some sort of work stoppage and dealers may start to hold on to their inventory for higher gross.
 
Nugget said:
UAW Negotiations are heating up

Curious to see how incentives moved in August - I think they went backwards as a % of MSRP. It is looking more and more likely that there will be some sort of work stoppage and dealers may start to hold on to their inventory for higher gross.
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From the article...."The union’s demands have included a 46% wage increase, restoration of traditional pensions, cost-of-living increases, reducing the workweek to 32 hours from 40 and increasing retiree benefits."

I'm ignorant on this issue, but that sounds pretty intense on the surface. Hard to see it getting resolved quickly.
 
TLEF316 said:
Not sure if there's a better thread for this.

My lease (3 years, 30k Miles. I'm only at 22K right now) is up in like 6 weeks. Leaning towards just buying out my car with the prices being what they are. KBB says my car (Lexus RX350) is worth close to 35K. My buy out is like 27K and change.

Requested terms for both (buy out and new lease) from the dealership. So we'll see what happens there. But (what I think) a pretty hilarious thing happened today. I was overdue to service and since I will probably keep the car anyway, I took it in today. They did the normal stuff (oil, tire rotation, I think they replaced an air filter, whatever) and then the guy had the audacity to tell me I "needed" new tires. I have 22k miles on this car and the tires that came with it (one of which I already had to replace due to a leak) are rated for 70,000. Even if I'm the most aggressive driver in the world (leading to increased wear) that's absolutely absurd.

Just a reminder that these guys are out to screw you at every possible moment.
Click to expand...

22K miles and 27K buyout? Makes sense to buy it.

Must be a bad set of tires, even cheap ones last 40K now.
 
Nugget said:
UAW Negotiations are heating up

Curious to see how incentives moved in August - I think they went backwards as a % of MSRP. It is looking more and more likely that there will be some sort of work stoppage and dealers may start to hold on to their inventory for higher gross.
Click to expand...

The deadline is this Thursday at midnight. The new UAW prez has drawn a hard line in the sand and I don't see him extending the date, nor do I see a deal being reached before then. At the same time, an across-the-board strike also seems unthinkable.
 
I sent an inquiry to the local Lexus dealer (we only have one in OKC) and a few Toyota dealers regarding the new GX and Land Cruisers coming out this year. I was told I would be 130th on the GX list and over 100 on the Land Cruiser list. The Lexus guy asked if I wanted to put a $ 1,000 deposit down :lmao:.

Oh, and neither will quote MSRP and said the markup is likely to be 5-10k....stupid people keep paying; they will keep charging.
 
pmedina said:
I sent an inquiry to the local Lexus dealer (we only have one in OKC) and a few Toyota dealers regarding the new GX and Land Cruisers coming out this year. I was told I would be 130th on the GX list and over 100 on the Land Cruiser list. The Lexus guy asked if I wanted to put a $ 1,000 deposit down :lmao:.

Oh, and neither will quote MSRP and said the markup is likely to be 5-10k....stupid people keep paying; they will keep charging.
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I had been pretty lucky that we haven’t needed a car since December 2020 when we got a great price on my wife’s Jeep. Market went batty that spring.

Still thinking about getting a 5th car for my youngest. We are sharing my car right now which means he drives it to and from school. Off-season work may start soon for Lacrosse and that might make it a bit too hard to share. Luckily my wife’s team is not going into the office anymore but I’m not liking potential strikes or any excuse to raise prices.

It is amazing to me that we still seem to not be getting to a point where people aren’t spending money. I’m trying to wait a bit but that might get too hard but damn I’ll be pissed if I have to pay too much.
 
pmedina said:
I sent an inquiry to the local Lexus dealer (we only have one in OKC) and a few Toyota dealers regarding the new GX and Land Cruisers coming out this year. I was told I would be 130th on the GX list and over 100 on the Land Cruiser list. The Lexus guy asked if I wanted to put a $ 1,000 deposit down :lmao:.

Oh, and neither will quote MSRP and said the markup is likely to be 5-10k....stupid people keep paying; they will keep charging.
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I looked up the GX, no idea what it was. I like the Overtrail trim with the bigger tires. Kind of reminds me of older Range Rovers, and I like that look a lot.
 
Thought I'd solicit some opinions from my esteemed FFA colleagues as my wife and I look at a second car with baby due in late Feb/early March.

1. Looking closely at EVs since we'll have one gas car and then one EV
2. For an EV, considering a lease for the first time ever - we're generally all cash buyers - due to the shifting tech landscape
3. We make money and like what we like so the consideration set is a Tesla Model Y or the Lucid Air Touring...or an Outback or Forester gas car.

Have y'all leased before? What are the lookouts? Would you do it again? It feels anathema as someone who drives a car to around 100k miles over 10-15 years and then sells for a decent value based on having taken car of it. How is the used electric market looking - anyone buy/sell used EVs yet?

Looking around the internet of course but figured I'd see what the FFA has to say too.
 
Instinctive said:
Thought I'd solicit some opinions from my esteemed FFA colleagues as my wife and I look at a second car with baby due in late Feb/early March.

1. Looking closely at EVs since we'll have one gas car and then one EV
2. For an EV, considering a lease for the first time ever - we're generally all cash buyers - due to the shifting tech landscape
3. We make money and like what we like so the consideration set is a Tesla Model Y or the Lucid Air Touring...or an Outback or Forester gas car.

Have y'all leased before? What are the lookouts? Would you do it again? It feels anathema as someone who drives a car to around 100k miles over 10-15 years and then sells for a decent value based on having taken car of it. How is the used electric market looking - anyone buy/sell used EVs yet?

Looking around the internet of course but figured I'd see what the FFA has to say too.
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EV market is not growing as fast as anticipated. I have a MachE and it works great for trips under 150 miles. I think the range on the batteries is 240/300 but winter/wind/mood all drop effective range. If I am travelling further than I take the Bronco.

Lease rates have come down pretty well since May. Plan on buying a L2 charger for your home.
 
dkp993 said:
Instinctive said:
Tesla Model Y or the Lucid Air Touring...or an Outback or Forester gas car.
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I’m not sure the lucid is a fair comparison to either of the other cars. I like the Y and forester but they are simple in a different subclass then the Lucid.
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Yeah but we like what we like. So we're evaluating tradeoffs like luxury, safety, ease of child seat in the back, storage space (the Lucid has massive cabin trunk and frunk space it's crazy), range, cost, etc. Mostly trying to figure out what folks think about leasing a car, which I've always thought of as a "never do this" but given nascency of EVs and charging and changes maybe this is a good use case. Idk. Has anyone here had an EV for like 5+ years and have any opinions on reliability?
 
Instinctive said:
Thought I'd solicit some opinions from my esteemed FFA colleagues as my wife and I look at a second car with baby due in late Feb/early March.

1. Looking closely at EVs since we'll have one gas car and then one EV
2. For an EV, considering a lease for the first time ever - we're generally all cash buyers - due to the shifting tech landscape
3. We make money and like what we like so the consideration set is a Tesla Model Y or the Lucid Air Touring...or an Outback or Forester gas car.

Have y'all leased before? What are the lookouts? Would you do it again? It feels anathema as someone who drives a car to around 100k miles over 10-15 years and then sells for a decent value based on having taken car of it. How is the used electric market looking - anyone buy/sell used EVs yet?

Looking around the internet of course but figured I'd see what the FFA has to say too.
Click to expand...
I have leased the last three cars , none were EV. I have no problem with it if you keep the mileage down. you’ll have problems if you are hard on the car.
 
FairWarning said:
Instinctive said:
Thought I'd solicit some opinions from my esteemed FFA colleagues as my wife and I look at a second car with baby due in late Feb/early March.

1. Looking closely at EVs since we'll have one gas car and then one EV
2. For an EV, considering a lease for the first time ever - we're generally all cash buyers - due to the shifting tech landscape
3. We make money and like what we like so the consideration set is a Tesla Model Y or the Lucid Air Touring...or an Outback or Forester gas car.

Have y'all leased before? What are the lookouts? Would you do it again? It feels anathema as someone who drives a car to around 100k miles over 10-15 years and then sells for a decent value based on having taken car of it. How is the used electric market looking - anyone buy/sell used EVs yet?

Looking around the internet of course but figured I'd see what the FFA has to say too.
Click to expand...
I have leased the last three cars , none were EV. I have no problem with it if you keep the mileage down. you’ll have problems if you are hard on the car.
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Can you get a better deal if you're willing to commit to lower mileage limits?
 
Instinctive said:
FairWarning said:
Instinctive said:
Thought I'd solicit some opinions from my esteemed FFA colleagues as my wife and I look at a second car with baby due in late Feb/early March.

1. Looking closely at EVs since we'll have one gas car and then one EV
2. For an EV, considering a lease for the first time ever - we're generally all cash buyers - due to the shifting tech landscape
3. We make money and like what we like so the consideration set is a Tesla Model Y or the Lucid Air Touring...or an Outback or Forester gas car.

Have y'all leased before? What are the lookouts? Would you do it again? It feels anathema as someone who drives a car to around 100k miles over 10-15 years and then sells for a decent value based on having taken car of it. How is the used electric market looking - anyone buy/sell used EVs yet?

Looking around the internet of course but figured I'd see what the FFA has to say too.
Click to expand...
I have leased the last three cars , none were EV. I have no problem with it if you keep the mileage down. you’ll have problems if you are hard on the car.
Click to expand...
Can you get a better deal if you're willing to commit to lower mileage limits?
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Typically yes, to a point. But there usually a difference in monthly cost with 10k a year and 12k or 15k. I haven’t seen less the 10k a year but I haven’t leased in a while so things might be different now.
 
Leasing is a really bad idea unless you know for sure you want to dump the car at the end of the duration and can stay under the mileage and condition needed.
 
culdeus said:
Leasing is a really bad idea unless you know for sure you want to dump the car at the end of the duration and can stay under the mileage and condition needed.
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Learned my lesson the hard way with this. I’m a car guy so I tend to flip cars as I get bored and want something new/different. Back in the day I leased a truck with the idea in mind I’d get bored of it and turn it in after a few years and lease something new. But ultimately I fell in love with the truck and come lease end didn’t want to let it go, so I bought the lease out. Ended up paying twice for the truck then what the actual sticker price was. :wall:
 
Strike targets announced

UAW President Shawn Fain announced Thursday the first wave of plants the union will strike across the Detroit Three automakers if a new labor agreement is not reached before midnight: Ford Michigan Assembly Plant (Final Assembly and Paint) in Wayne, Stellantis Toledo Assembly Complex in Ohio and General Motors Wentzville Assembly in Missouri.

Fain made the announcement during a 10 p.m. Facebook Live presentation. His comments come near the end of a day of last-minute bargaining across the Detroit automakers. The UAW has been negotiating with all three carmakers separately, yet simultaneously, since late summer.

"The world is watching. And the UAW is ready to stand up," Fain said. "This is our defining moment."
 
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Instinctive said:
FairWarning said:
Instinctive said:
Thought I'd solicit some opinions from my esteemed FFA colleagues as my wife and I look at a second car with baby due in late Feb/early March.

1. Looking closely at EVs since we'll have one gas car and then one EV
2. For an EV, considering a lease for the first time ever - we're generally all cash buyers - due to the shifting tech landscape
3. We make money and like what we like so the consideration set is a Tesla Model Y or the Lucid Air Touring...or an Outback or Forester gas car.

Have y'all leased before? What are the lookouts? Would you do it again? It feels anathema as someone who drives a car to around 100k miles over 10-15 years and then sells for a decent value based on having taken car of it. How is the used electric market looking - anyone buy/sell used EVs yet?

Looking around the internet of course but figured I'd see what the FFA has to say too.
Click to expand...
I have leased the last three cars , none were EV. I have no problem with it if you keep the mileage down. you’ll have problems if you are hard on the car.
Click to expand...
Can you get a better deal if you're willing to commit to lower mileage limits?
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Yes you can. 10k miles is 31 miles/day. The problem I had with my last car is dealers don’t want to lease right now, they are having a harder time getting inventory.
 
Freep - Unifor gets tentative contract with Ford for Canadian autoworkers

The union representing autoworkers for Big Three automakers in Canada said late Tuesday it reached a tentative new labor deal with Ford Motor Co., in negotiations that extended past a deadline a night earlier.

“We believe that this tentative agreement, endorsed by the entire master bargaining committee, addresses all of the items raised by members in preparation for this round of collective bargaining,” said Unifor National President Lana Payne in a statement released after 9 p.m. “We believe that this agreement will solidify the foundations on which we will continue to bargain gains for generations of autoworkers in Canada.”
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Hopefully this will lead to productive movement with the UAW and we can minimize production loss in the US. Expect short term vehicle prices to rise if the strike expands next week.
 
Parts and distribution centers added to the strike for GM/Stellantis. Not ideal if your vehicle is in the shop for a repair, especially if under warranty.

A prolonged strike could add 3-5% to vehicle transaction prices.
 
Nugget said:
Parts and distribution centers added to the strike for GM/Stellantis. Not ideal if your vehicle is in the shop for a repair, especially if under warranty.

A prolonged strike could add 3-5% to vehicle transaction prices.
Click to expand...
My GM district manager said that GM employees may start going to Warehouses to fulfill parts orders. This could get interesting though because we are already seeing part issues on the repair side. I had a customer that had to wait 6 weeks for a new 6.2L engine for his truck. 2 weeks after the repair it is back in the shop for a faulty head that there is currently no ETA to receive. I have a customer with a Dodge truck that has been waiting 11 months for a EBCM (electronic brake control module) for his truck and there still isn't an ETA on when we will see them. TCMs (transmission control module) for GM diesels are on backorder with no ETA, we had one that we waited 6 months for before we got. If you can find one of them on the internet, people know what they have and are asking $4000 for a part that normally costs $800. It could get very interesting.
 
snellman said:
Nugget said:
Parts and distribution centers added to the strike for GM/Stellantis. Not ideal if your vehicle is in the shop for a repair, especially if under warranty.

A prolonged strike could add 3-5% to vehicle transaction prices.
Click to expand...
My GM district manager said that GM employees may start going to Warehouses to fulfill parts orders. This could get interesting though because we are already seeing part issues on the repair side. I had a customer that had to wait 6 weeks for a new 6.2L engine for his truck. 2 weeks after the repair it is back in the shop for a faulty head that there is currently no ETA to receive. I have a customer with a Dodge truck that has been waiting 11 months for a EBCM (electronic brake control module) for his truck and there still isn't an ETA on when we will see them. TCMs (transmission control module) for GM diesels are on backorder with no ETA, we had one that we waited 6 months for before we got. If you can find one of them on the internet, people know what they have and are asking $4000 for a part that normally costs $800. It could get very interesting.
Click to expand...
I figure you should be in good shape with maintenance and light repair parts. I don’t think GM has enough salaried folks to run the depots, although I do recall a lot of Delco reps visiting FMP locations. One potential benefit of a prolonged strike is that maybe suppliers could catch up on parts.
 
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