Car Market going forward (1 Viewer)

[MTskibum]

I was hoping we were going to discuss some new automobiles in the Under $40K category
How about used cars 3 yrs coming off the leases? That's how I bought my last car, almost 6 years ago
We haven't had a car payment in several years, it's been delightful.
My Volvo has 110.000+ miles on it, '14 S60, still runs OK but I've beat the hell out of that car, wouldn't mind another.
$17,500 w/30,000 miles when I bought it, doubt I could get anything close to that these days.

Yeah, I'd live a Ford Truck at a certain point, so practical but the expense to acquire one of them is ridiculous.

Had an F150 for a year and half now. Can't imagine owning anything else.

WAIT, ONE year and a whole HALF of a year? Wow, can't imagine what the future brings, especially based on their track record / resale value.

In 5-10 years from now, I can't imagine owning anything else, either. For another huge chunk of money, while selling for what, a fraction of that?

No idea what any of this means.

No need to be coy, Roy (although you seem more like a Ray, from Rain Man -- my favorite). Take that as a compliment.

It means . . . good luck with the recent purchase of your Ford F-150. Which quite possibly is NOT built to last.

So talking about "No idea what any of this means" is quite ironic, in the context of things. How does one know that they "can't imagine owning anything else", when there is no evidence to the contrary? In fact, if anything, there is plenty of evidence to show that, long-term, an F-150 does not stand the test of time.

Feel free to prove/show otherwise.

They probably are a fad.

Hang on. "Best-Selling" means what exactly? Like, best sucker-bait for American super genius truck buyers?

Congrats?!

The Longest-Lasting Cars, Trucks and SUVs To Reach 250,000 Miles and Beyond - iSeeCars.com

While the average vehicle has an 8.6 percent chance of lasting 250,000 miles or more, the latest iSeeCars.com study has identified the 30 longest-lasting...

www.iseecars.com

Tundra and Ridgeline are the outliers, however F-150 is a fairly reliable vehicle. This study does go back years, and there have been some dud's of f-150 including different models of the 5.4 Triton, and the first couple years of ecoboost before they introduced port injection that would negatively effect the F-150's rating below.

If you buy the correct model of F-150 it would be a highly reliable vehicle.

It remains to be seen if Tundra's new 3.4L is as long lasting as the 4.6, 4.7, or 5.7 that they have used the last 22 years.

Longest-Lasting Light-Duty Pickup Trucks- iSeeCars Study
Rank	Pickup Truck	% of Cars Over 200k Miles
1	Toyota Tundra	4.0%
2	Honda Ridgeline	3.7%
3	Toyota Tacoma	2.8%
4	Nissan Titan	2.6%
5	Ford F-150	2.4%
6	Chevrolet Silverado 1500	2.3%
Pickup Truck Average	2.2%
7	GMC Sierra 1500	2.0%
8	Nissan Frontier	1.8%
9	Ram Pickup 1500	1.4%
10	Chevrolet Colorado	0.9%
11	GMC Canyon	0.8%

 

[ChiefD]

I was hoping we were going to discuss some new automobiles in the Under $40K category
How about used cars 3 yrs coming off the leases? That's how I bought my last car, almost 6 years ago
We haven't had a car payment in several years, it's been delightful.
My Volvo has 110.000+ miles on it, '14 S60, still runs OK but I've beat the hell out of that car, wouldn't mind another.
$17,500 w/30,000 miles when I bought it, doubt I could get anything close to that these days.

Yeah, I'd live a Ford Truck at a certain point, so practical but the expense to acquire one of them is ridiculous.

Had an F150 for a year and half now. Can't imagine owning anything else.

WAIT, ONE year and a whole HALF of a year? Wow, can't imagine what the future brings, especially based on their track record / resale value.

In 5-10 years from now, I can't imagine owning anything else, either. For another huge chunk of money, while selling for what, a fraction of that?

No idea what any of this means.

No need to be coy, Roy (although you seem more like a Ray, from Rain Man -- my favorite). Take that as a compliment.

It means . . . good luck with the recent purchase of your Ford F-150. Which quite possibly is NOT built to last.

So talking about "No idea what any of this means" is quite ironic, in the context of things. How does one know that they "can't imagine owning anything else", when there is no evidence to the contrary? In fact, if anything, there is plenty of evidence to show that, long-term, an F-150 does not stand the test of time.

Feel free to prove/show otherwise.

Jeez, man. What bug crawled up your butt regarding another guys purchase of a truck?

I am also an F150 guy. Love that truck and plan on owning it for a very long time. And when I'm done with it I'm gonna buy another.

Why? Because I want to and I can.

 

[Ministry of Pain]

I was hoping we were going to discuss some new automobiles in the Under $40K category
How about used cars 3 yrs coming off the leases? That's how I bought my last car, almost 6 years ago
We haven't had a car payment in several years, it's been delightful.
My Volvo has 110.000+ miles on it, '14 S60, still runs OK but I've beat the hell out of that car, wouldn't mind another.
$17,500 w/30,000 miles when I bought it, doubt I could get anything close to that these days.

Yeah, I'd live a Ford Truck at a certain point, so practical but the expense to acquire one of them is ridiculous.

Had an F150 for a year and half now. Can't imagine owning anything else.

WAIT, ONE year and a whole HALF of a year? Wow, can't imagine what the future brings, especially based on their track record / resale value.

In 5-10 years from now, I can't imagine owning anything else, either. For another huge chunk of money, while selling for what, a fraction of that?

No idea what any of this means.

No need to be coy, Roy (although you seem more like a Ray, from Rain Man -- my favorite). Take that as a compliment.

It means . . . good luck with the recent purchase of your Ford F-150. Which quite possibly is NOT built to last.

So talking about "No idea what any of this means" is quite ironic, in the context of things. How does one know that they "can't imagine owning anything else", when there is no evidence to the contrary? In fact, if anything, there is plenty of evidence to show that, long-term, an F-150 does not stand the test of time.

Feel free to prove/show otherwise.

Jeez, man. What bug crawled up your butt regarding another guys purchase of a truck?

I am also an F150 guy. Love that truck and plan on owning it for a very long time. And when I'm done with it I'm gonna buy another.

Why? Because I want to and I can.

Harry is a special fish, I usually just tell him direct and end it with
Cheers!

-When Joe did the transition to the new board and everyone on my ignore list was taken off...MoP has not a single poster on ignore right now, I'd prefer it stay that way.

I'm very blessed to have the ability to post in the Shark Pool and even when folks disagree with me, usually both of us can express our POV and things don't get salty like they do occasionally over here in the free for all.

-I also want to make a point that folks seem to get offended easily these days, nobody seems to have thick skin. Where I come from, most people who get overly offended tend to be slightly lower on the IQ scale if you catch my drift. I try these days to not be easily offended and when I think i am not reaching the other person in a friendly way, again I end the post with "Cheers" and figure we'll find a different topic on another day.

How awesome is the week after your team wins the Super Bowl? I've gotten to enjoy the Bucs twice, unfortunately the '72 Phins were just before my time.
Cheers!

 

[pollardsvision]

Exactly what I've been wondering about. Who's going to fill the value/reliability void? Get back to making affordable reliable vehicles?

It ain't coming out of Detroit. They never have. They opened up the door for Toyota to do it in the 60's/70's/80's.

I think there's hope for Toyota, but it's possible they've been Americanized. Here in America, our consumers demand overpriced, unreliable cars with all the bells and whistles. Toyota might hold strong, but feasting off that super profitable sweet nectar of the American consumer can be a temptation you can't come back from.

Toyota and Honda are already following the American playbook by cutting out their entry level vehicles.

Who's going to be next to fill the void that's opening up? Seems like Mazda could be a candidate, or maybe a company out of China. Kia/Hyundai seemed like they would contenders 20 years ago, but now they're also selling overpriced cars. They even told Detroit to hold their beer while they make expensive cars that are un-insurable.

The average American household makes about, what, $60K per year. Every major automaker can't keep selling cars that average $40K-50K no matter how much we keep extending the loans.

 

[belljr]

I figure this is a good place to ask.

My plan was to look for a new car this fall when my daughter leaves for college. It's a commuter vehicle so I don't plan to spend 40K on something I'm going to drop 20,000+ miles on a year with.

I also don't want to get a bare bones vehicle either, would like some comfort.

So I get emails from my local Honda dealership where I purchased my last 3 honda vehicles (06 Accord 2016 Civic 2019 Passport.), on new inventory. I'm currently commuting in our old 2009 Traverse that needs work. Daughter took my 2016 civic. Wife now has the new Passport. I commute with traverse but if one of them are home I take their vehicle for errands.

I have 3 years left on the Passport for payments. (I purchased it used 1.5 years ago so save the OMG who pays off a car in 7 years speech )

So an email come across for a 2020 Civic EX-L the second highest tier of civic for what I think is a good price. 25500, with 12K miles on it. I do all the obvious kbb research etc and see a new car of the same type is ~30K. The issue is new inventory is still low in the area.

My fear is when the Traverse dies and I am in actually need of a car - i need to scramble for whatever is around. I'm trying to convince my wife in just getting this now will probably pay cash for it. I will still haggle on the price if possible.

She wants to wait longer. Is 5K worth the used vs new? I know the car market is dropping "back to closer normal".... Should I wait it out? Pull the trigger? Thoughts?

 

[MTskibum]

I figure this is a good place to ask.

My plan was to look for a new car this fall when my daughter leaves for college. It's a commuter vehicle so I don't plan to spend 40K on something I'm going to drop 20,000+ miles on a year with.

I also don't want to get a bare bones vehicle either, would like some comfort.

So I get emails from my local Honda dealership where I purchased my last 3 honda vehicles, on new inventory. 06 Accord 2016 Civic 2019 Passport. I'm currently commuting in our old 2009 Traverse that needs work. Daughter took my 2016 civic. Wife now has the new Passport. I commute with traverse but if one of them are home I take their vehicle for errands.

I have 3 years left on the Passport for payments. (I purchased it used 1.5 years ago so save the OMG who pays off a car in 7 years speech )

So an email come across for a 2020 Civic EX-L the second highest tier of civic for what I think is a good price. 25500, with 12K miles on it. I do all the obvious kbb research etc and see a new car of the same type is ~30K. The issue is new inventory is still low in the area.

My fear is when the Traverse dies and I am in actually need of a car - i need to scramble for whatever is around. I'm trying to convince my wife in just getting this now will probably pay cash for it. I will still haggle on the price if possible.

She wants to wait longer. Is 5K worth the used vs new? I know the car market is dropping "back to closer normal".... Should I wait it out? Pull the trigger? Thoughts?

Car market will continue to drop according to most experts. If you can wait you would be better off, especially when it comes to used cars that are only a few years old. The most inflated vehicles right now are 2020's-2022's.

 

[belljr]

I figure this is a good place to ask.

My plan was to look for a new car this fall when my daughter leaves for college. It's a commuter vehicle so I don't plan to spend 40K on something I'm going to drop 20,000+ miles on a year with.

I also don't want to get a bare bones vehicle either, would like some comfort.

So I get emails from my local Honda dealership where I purchased my last 3 honda vehicles, on new inventory. 06 Accord 2016 Civic 2019 Passport. I'm currently commuting in our old 2009 Traverse that needs work. Daughter took my 2016 civic. Wife now has the new Passport. I commute with traverse but if one of them are home I take their vehicle for errands.

I have 3 years left on the Passport for payments. (I purchased it used 1.5 years ago so save the OMG who pays off a car in 7 years speech )

So an email come across for a 2020 Civic EX-L the second highest tier of civic for what I think is a good price. 25500, with 12K miles on it. I do all the obvious kbb research etc and see a new car of the same type is ~30K. The issue is new inventory is still low in the area.

My fear is when the Traverse dies and I am in actually need of a car - i need to scramble for whatever is around. I'm trying to convince my wife in just getting this now will probably pay cash for it. I will still haggle on the price if possible.

She wants to wait longer. Is 5K worth the used vs new? I know the car market is dropping "back to closer normal".... Should I wait it out? Pull the trigger? Thoughts?

Car market will continue to drop according to most experts. If you can wait you would be better off, especially when it comes to used cars that are only a few years old. The most inflated vehicles right now are 2020's-2022's.

What if I'm just tired of driving an old car

 

[massraider]

What if I'm just tired of driving an old car

The heart wants what the heart wants.

I have a buddy who has an Accord. Several years old. Thing looks amazing, one of the sporty ones, paid off, but he sees new stuff. He's a born consumer. He shouldn't be legally allowed to speak to car salesmen.

The way I talked him off the ledge is this: You cannot go ONLY by what you 'save' on this new purchase you don't need right now. It's how many months of ZERO car payment will you never pay, by going an extra year or three on that Travers. Car payment of what--$400-600?

If you get two more years out of the Traverse, that's $12,000, minimum. Maybe get into a nicer car in two years, and still come out ahead. Not having a car payment is a spectacular place to be.

 

[belljr]

What if I'm just tired of driving an old car

The heart wants what the heart wants.

I have a buddy who has an Accord. Several years old. Thing looks amazing, one of the sporty ones, paid off, but he sees new stuff. He's a born consumer. He shouldn't be legally allowed to speak to car salesmen.

The way I talked him off the ledge is this: You cannot go ONLY by what you 'save' on this new purchase you don't need right now. It's how many months of ZERO car payment will you never pay, by going an extra year or three on that Travers. Car payment of what--$400-600?

If you get two more years out of the Traverse, that's $12,000, minimum. Maybe get into a nicer car in two years, and still come out ahead. Not having a car payment is a spectacular place to be.

But I'm paying cash.....

Oh ftr - the traverse currently needs tires/brakes and if I want to get the check engine light to turn off a timing chain and catalytic converter and get 19 mpg.... you do realize the Traverse is 14 years old right ?

DARN IT

ETA: I haven't had a car payment in ~5 years until we bougtht the Passport last year Civic was paid off after a year. Traverse has been paid off since 2013

 

[ChiefD]

What if I'm just tired of driving an old car

If you want it, buy it.

Buying a car is like having kids: there never really is a "right time" for it. Life is too short - just go buy the thing. Looks like a pretty good deal to me.

 

[belljr]

What if I'm just tired of driving an old car

If you want it, buy it.

Buying a car is like having kids: there never really a "right time" for it. Life is too short - just go buy the thing. Looks like a pretty good deal to me.

Finally a man with a reasonable view..........

lol appreciate the input

 

[massraider]

What if I'm just tired of driving an old car

The heart wants what the heart wants.

I have a buddy who has an Accord. Several years old. Thing looks amazing, one of the sporty ones, paid off, but he sees new stuff. He's a born consumer. He shouldn't be legally allowed to speak to car salesmen.

The way I talked him off the ledge is this: You cannot go ONLY by what you 'save' on this new purchase you don't need right now. It's how many months of ZERO car payment will you never pay, by going an extra year or three on that Travers. Car payment of what--$400-600?

If you get two more years out of the Traverse, that's $12,000, minimum. Maybe get into a nicer car in two years, and still come out ahead. Not having a car payment is a spectacular place to be.

But I'm paying cash.....

Oh ftr - the traverse currently needs tires/brakes and if I want to get the check engine light to turn off a timing chain and catalytic converter and get 19 mpg.... you do realize the Traverse is 14 years old right ?

DARN IT

ETA: I haven't had a car payment in ~5 years until we bougtht the Passport last year Civic was paid off after a year. Traverse has been paid off since 2013

Oh yes, go buy the car. Futzing around over 2/3 grand whatever, not worth it.

 

[New Binky the Doormat]

I figure this is a good place to ask.

My plan was to look for a new car this fall when my daughter leaves for college. It's a commuter vehicle so I don't plan to spend 40K on something I'm going to drop 20,000+ miles on a year with.

I also don't want to get a bare bones vehicle either, would like some comfort.

So I get emails from my local Honda dealership where I purchased my last 3 honda vehicles (06 Accord 2016 Civic 2019 Passport.), on new inventory. I'm currently commuting in our old 2009 Traverse that needs work. Daughter took my 2016 civic. Wife now has the new Passport. I commute with traverse but if one of them are home I take their vehicle for errands.

I have 3 years left on the Passport for payments. (I purchased it used 1.5 years ago so save the OMG who pays off a car in 7 years speech )

So an email come across for a 2020 Civic EX-L the second highest tier of civic for what I think is a good price. 25500, with 12K miles on it. I do all the obvious kbb research etc and see a new car of the same type is ~30K. The issue is new inventory is still low in the area.

My fear is when the Traverse dies and I am in actually need of a car - i need to scramble for whatever is around. I'm trying to convince my wife in just getting this now will probably pay cash for it. I will still haggle on the price if possible.

She wants to wait longer. Is 5K worth the used vs new? I know the car market is dropping "back to closer normal".... Should I wait it out? Pull the trigger? Thoughts?

do you use twitter? follow the

CarDealershipGuy

good stuff - and according to him, used car prices have been climbing ...figures it's best to wait until after tax season is over for prices to hopefully start to drop back down

 

[Van Dyman]

I figure this is a good place to ask.

My plan was to look for a new car this fall when my daughter leaves for college. It's a commuter vehicle so I don't plan to spend 40K on something I'm going to drop 20,000+ miles on a year with.

I also don't want to get a bare bones vehicle either, would like some comfort.

So I get emails from my local Honda dealership where I purchased my last 3 honda vehicles, on new inventory. 06 Accord 2016 Civic 2019 Passport. I'm currently commuting in our old 2009 Traverse that needs work. Daughter took my 2016 civic. Wife now has the new Passport. I commute with traverse but if one of them are home I take their vehicle for errands.

I have 3 years left on the Passport for payments. (I purchased it used 1.5 years ago so save the OMG who pays off a car in 7 years speech )

So an email come across for a 2020 Civic EX-L the second highest tier of civic for what I think is a good price. 25500, with 12K miles on it. I do all the obvious kbb research etc and see a new car of the same type is ~30K. The issue is new inventory is still low in the area.

My fear is when the Traverse dies and I am in actually need of a car - i need to scramble for whatever is around. I'm trying to convince my wife in just getting this now will probably pay cash for it. I will still haggle on the price if possible.

She wants to wait longer. Is 5K worth the used vs new? I know the car market is dropping "back to closer normal".... Should I wait it out? Pull the trigger? Thoughts?

Car market will continue to drop according to most experts. If you can wait you would be better off, especially when it comes to used cars that are only a few years old. The most inflated vehicles right now are 2020's-2022's.

What if I'm just tired of driving an old car

"Then do it! Do it now!!!" - your honda dealer

Side note, 20k miles per year is a lot of time in that car and a civic is much smaller than Traverse. Something to consider since you said you "would like some comfort".

 

[belljr]

I figure this is a good place to ask.

My plan was to look for a new car this fall when my daughter leaves for college. It's a commuter vehicle so I don't plan to spend 40K on something I'm going to drop 20,000+ miles on a year with.

I also don't want to get a bare bones vehicle either, would like some comfort.

So I get emails from my local Honda dealership where I purchased my last 3 honda vehicles, on new inventory. 06 Accord 2016 Civic 2019 Passport. I'm currently commuting in our old 2009 Traverse that needs work. Daughter took my 2016 civic. Wife now has the new Passport. I commute with traverse but if one of them are home I take their vehicle for errands.

I have 3 years left on the Passport for payments. (I purchased it used 1.5 years ago so save the OMG who pays off a car in 7 years speech )

So an email come across for a 2020 Civic EX-L the second highest tier of civic for what I think is a good price. 25500, with 12K miles on it. I do all the obvious kbb research etc and see a new car of the same type is ~30K. The issue is new inventory is still low in the area.

My fear is when the Traverse dies and I am in actually need of a car - i need to scramble for whatever is around. I'm trying to convince my wife in just getting this now will probably pay cash for it. I will still haggle on the price if possible.

She wants to wait longer. Is 5K worth the used vs new? I know the car market is dropping "back to closer normal".... Should I wait it out? Pull the trigger? Thoughts?

Car market will continue to drop according to most experts. If you can wait you would be better off, especially when it comes to used cars that are only a few years old. The most inflated vehicles right now are 2020's-2022's.

What if I'm just tired of driving an old car

"Then do it! Do it now!!!" - your honda dealer

Side note, 20k miles per year is a lot of time in that car and a civic is much smaller than Traverse. Something to consider since you said you "would like some comfort".

my commuter was a 2016 civic until my daughter started driving so im fully aware..... when I say comfort - I meant I wasn't going to drive some bare bones box. BTW - my 2016 civic is just about as big as my 2006 accord was ....

thanks for all the input so far

 

[fruity pebbles]

I take it you’re not in the snow belt

 

[belljr]

I take it you’re not in the snow belt

Lol nope NJ. We get a couple big storms here and there but nothing that I need to really worry about. I'll just telecommute those days if I had to or take the wife's car and she can telecommute etc

 

[pollardsvision]

The tax season bump also means it's probably a good time make the move quickly.

Civic price is reasonable, and with it being tax season, you can find some poor sucker to pay top dollar for the Traverse.

 

[Van Dyman]

What if I'm just tired of driving an old car

The heart wants what the heart wants.

I have a buddy who has an Accord. Several years old. Thing looks amazing, one of the sporty ones, paid off, but he sees new stuff. He's a born consumer. He shouldn't be legally allowed to speak to car salesmen.

The way I talked him off the ledge is this: You cannot go ONLY by what you 'save' on this new purchase you don't need right now. It's how many months of ZERO car payment will you never pay, by going an extra year or three on that Travers. Car payment of what--$400-600?

If you get two more years out of the Traverse, that's $12,000, minimum. Maybe get into a nicer car in two years, and still come out ahead. Not having a car payment is a spectacular place to be.

But I'm paying cash.....

Oh ftr - the traverse currently needs tires/brakes and if I want to get the check engine light to turn off a timing chain and catalytic converter and get 19 mpg.... you do realize the Traverse is 14 years old right ?

DARN IT

ETA: I haven't had a car payment in ~5 years until we bougtht the Passport last year Civic was paid off after a year. Traverse has been paid off since 2013

The bold is pretty important part of information. Just go get the civic before you get stuck somewhere or stuck with a broken down Traverse.

 

[stbugs]

The average American household makes about, what, $60K per year. Every major automaker can't keep selling cars that average $40K-50K no matter how much we keep extending the loans.

I read before that 16% of new car buyers in Q4 have a $1000 or more car payment. May come to a head but people are still paying it.

 

[ChiefD]

What if I'm just tired of driving an old car

If you want it, buy it.

Buying a car is like having kids: there never really a "right time" for it. Life is too short - just go buy the thing. Looks like a pretty good deal to me.

Finally a man with a reasonable view..........

lol appreciate the input

You buy the car yet? I'd like this wrapped up by the time I go to bed tonight.

 

[belljr]

What if I'm just tired of driving an old car

If you want it, buy it.

Buying a car is like having kids: there never really a "right time" for it. Life is too short - just go buy the thing. Looks like a pretty good deal to me.

Finally a man with a reasonable view..........

lol appreciate the input

You buy the car yet? I'd like this wrapped up by the time I go to bed tonight.

It might happen before bedtime so stay tuned

 

[ChiefD]

What if I'm just tired of driving an old car

If you want it, buy it.

Buying a car is like having kids: there never really a "right time" for it. Life is too short - just go buy the thing. Looks like a pretty good deal to me.

Finally a man with a reasonable view..........

lol appreciate the input

You buy the car yet? I'd like this wrapped up by the time I go to bed tonight.

It might happen before bedtime so stay tuned

You might buy a whole car before the other guy buys a battery.

 

[gianmarco]

I figure this is a good place to ask.

My plan was to look for a new car this fall when my daughter leaves for college. It's a commuter vehicle so I don't plan to spend 40K on something I'm going to drop 20,000+ miles on a year with.

I also don't want to get a bare bones vehicle either, would like some comfort.

So I get emails from my local Honda dealership where I purchased my last 3 honda vehicles (06 Accord 2016 Civic 2019 Passport.), on new inventory. I'm currently commuting in our old 2009 Traverse that needs work. Daughter took my 2016 civic. Wife now has the new Passport. I commute with traverse but if one of them are home I take their vehicle for errands.

I have 3 years left on the Passport for payments. (I purchased it used 1.5 years ago so save the OMG who pays off a car in 7 years speech )

So an email come across for a 2020 Civic EX-L the second highest tier of civic for what I think is a good price. 25500, with 12K miles on it. I do all the obvious kbb research etc and see a new car of the same type is ~30K. The issue is new inventory is still low in the area.

My fear is when the Traverse dies and I am in actually need of a car - i need to scramble for whatever is around. I'm trying to convince my wife in just getting this now will probably pay cash for it. I will still haggle on the price if possible.

She wants to wait longer. Is 5K worth the used vs new? I know the car market is dropping "back to closer normal".... Should I wait it out? Pull the trigger? Thoughts?

Did you even check local new inventory for that car (or similar)? I know you said it's low, but are there any? Or relatively close by?

 

[fruity pebbles]

What if I'm just tired of driving an old car

If you want it, buy it.

Buying a car is like having kids: there never really a "right time" for it. Life is too short - just go buy the thing. Looks like a pretty good deal to me.

Finally a man with a reasonable view..........

lol appreciate the input

You buy the car yet? I'd like this wrapped up by the time I go to bed tonight.

It might happen before bedtime so stay tuned

You might buy a whole car before the other guy buys a battery.

Brilliant

 

[ghostguy123]

What if I'm just tired of driving an old car

If you want it, buy it.

Buying a car is like having kids: there never really a "right time" for it. Life is too short - just go buy the thing. Looks like a pretty good deal to me.

Finally a man with a reasonable view..........

lol appreciate the input

You buy the car yet? I'd like this wrapped up by the time I go to bed tonight.

It might happen before bedtime so stay tuned

You might buy a whole car before the other guy buys a battery.

No no no no. I bought the battery.

Good grief when will dealerships have new inventory again. The Honda dealers near here don't even have a CRV

 

[belljr]

I figure this is a good place to ask.

My plan was to look for a new car this fall when my daughter leaves for college. It's a commuter vehicle so I don't plan to spend 40K on something I'm going to drop 20,000+ miles on a year with.

I also don't want to get a bare bones vehicle either, would like some comfort.

So I get emails from my local Honda dealership where I purchased my last 3 honda vehicles (06 Accord 2016 Civic 2019 Passport.), on new inventory. I'm currently commuting in our old 2009 Traverse that needs work. Daughter took my 2016 civic. Wife now has the new Passport. I commute with traverse but if one of them are home I take their vehicle for errands.

I have 3 years left on the Passport for payments. (I purchased it used 1.5 years ago so save the OMG who pays off a car in 7 years speech )

So an email come across for a 2020 Civic EX-L the second highest tier of civic for what I think is a good price. 25500, with 12K miles on it. I do all the obvious kbb research etc and see a new car of the same type is ~30K. The issue is new inventory is still low in the area.

My fear is when the Traverse dies and I am in actually need of a car - i need to scramble for whatever is around. I'm trying to convince my wife in just getting this now will probably pay cash for it. I will still haggle on the price if possible.

She wants to wait longer. Is 5K worth the used vs new? I know the car market is dropping "back to closer normal".... Should I wait it out? Pull the trigger? Thoughts?

Did you even check local new inventory for that car (or similar)? I know you said it's low, but are there any? Or relatively close by?

Yes my dealer has one in stock and it's a basic lx. The majority in my area are Civic LX's Accord LX's or a bunch of pilots or passports

 

[Desert_Power]

anyone with experience with Buicks? Not a popular brand, but scores well on reliability. Seems to have less of a demand imbalance than other reliable brands.

 

[fruity pebbles]

anyone with experience with Buicks? Not a popular brand, but scores well on reliability. Seems to have less of a demand imbalance than other reliable brands.

I was surprised to learn they only make SUVs now. Resale value on Buicks suck. Like among the worst of the major brands.

 

[belljr]

2023 of that model are about 30k. One in stock 20 miles away. The rest are one step up about 32 or steps down .....

Holding pattern

 

[fruity pebbles]

Would depend what I’m getting for a bumper to bumper warranty. I’d happily pay the 4-5 grand more for three years newer and a full warranty.

 

[massraider]

I was surprised to learn they only make SUVs now. Resale value on Buicks suck. Like among the worst of the major brands.

I assume these are cars you can get a deal on, in that case.

 

[DA RAIDERS]

Would depend what I’m getting for a bumper to bumper warranty. I’d happily pay the 4-5 grand more for three years newer and a full warranty.

Last 2 cars I bought were CPO. Same warranty more or less.

 

[belljr]

We are holding. Might start browsing new inventory. For 5-6k I can do top model and a 2023.....

@ChiefD you can go to bed

 

[Nugget]

I expect to see used car prices come down but not a lot until the fall - supply is still a big issue for many car companies. Look at more lower trimmed options due to supplier shortages and consumer demand. There is likely a lot of unfilled commercial demand that will keep inventory tight.

 

[pollardsvision]

anyone with experience with Buicks? Not a popular brand, but scores well on reliability. Seems to have less of a demand imbalance than other reliable brands.

I was surprised to learn they only make SUVs now. Resale value on Buicks suck. Like among the worst of the major brands.

Most car makers would only sell SUV's and trucks if they could get away with it (and here in America, some can).

Why sell a $30K car like the Civic our boy is about to buy, when you can throw a hatch on it, jack it up a little, call it a crossover SUV and charge $45k.

Speaking of Buick, I think it's a shame that GM kept Buick instead of Pontiac back in '09 or whenever. Obviously, they were going to keep Buick for the same reasons as above (much easier for price gouging), but Pontiac was a good brand.

I'm not sure what the point of Buick is, but Pontiac gave us the GTO, Trans-Am, Fiero, and *Aztec. GM got rid of the wrong brand, IMO.

*Yes, I know everybody hated the Aztec at the time, but I contend it was just ahead of it's time. Every one of these crossovers today looks like an Aztec.

 

[belljr]

So question for the helpful and ChiefD.........

I need tires in the next 2 months non negotiable - would you spend the ~4k for everything I need to get the Traverse "back to normal" or just leave as is ....... I know this is all individual because I'm no stranger to fixing up an older car then 2 months later needing a major repair.

My current lean is spending the 4K now and roll into 2024...... if possible.

So option A - do nothing and wait a few months (probably get tires)
option B - do bare minimum (tires brakes)
option C - drop the 4K now and roll with it for another year

TIA

KBB - has my resale at like 3K lol so thats why I really dont want to do anything

 

[MTskibum]

So question for the helpful and ChiefD.........

I need tires in the next 2 months non negotiable - would you spend the ~4k for everything I need to get the Traverse "back to normal" or just leave as is ....... I know this is all individual because I'm no stranger to fixing up an older car then 2 months later needing a major repair.

My current lean is spending the 4K now and roll into 2024...... if possible.

So option A - do nothing and wait a few months (probably get tires)
option B - do bare minimum (tires brakes)
option C - drop the 4K now and roll with it for another year

TIA

KBB - has my resale at like 3K lol so thats why I really dont want to do anything

You are right, the most cost effective solution is probably to sell now. You won't get any money out of it that you put into it.

It appears that honda does not make the EX-L anymore. The only difference between the EX and EX-L in the last couple years has been leather seats. You could find a new EX that is not much more than the used car you listed above. I am of the opinion that cloth seats are better than leather anyways.

2024 Civic Sedan – Sporty Design | Honda

The all-new 2024 Honda Civic Sedan turns up the fun, with a sporty ride, spacious cabin and available Bose® audio.

automobiles.honda.com

 

[belljr]

So question for the helpful and ChiefD.........

I need tires in the next 2 months non negotiable - would you spend the ~4k for everything I need to get the Traverse "back to normal" or just leave as is ....... I know this is all individual because I'm no stranger to fixing up an older car then 2 months later needing a major repair.

My current lean is spending the 4K now and roll into 2024...... if possible.

So option A - do nothing and wait a few months (probably get tires)
option B - do bare minimum (tires brakes)
option C - drop the 4K now and roll with it for another year

TIA

KBB - has my resale at like 3K lol so thats why I really dont want to do anything

You are right, the most cost effective solution is probably to sell now. You won't get any money out of it that you put into it.

It appears that honda does not make the EX-L anymore. The only difference between the EX and EX-L in the last couple years has been leather seats. You could find a new EX that is not much more than the used car you listed above. I am of the opinion that cloth seats are better than leather anyways.

2024 Civic Sedan – Sporty Design | Honda

The all-new 2024 Honda Civic Sedan turns up the fun, with a sporty ride, spacious cabin and available Bose® audio.

automobiles.honda.com

Honda 100% make a EX-L for 2023 sort of - I've already been through all the dealers and the honda website. Its not the leather I actually care about. Thats the model you need for a power drivers seat

THe EX-L comes in hatcback models. Civic Touring would be needed for Leather for regualr Civic sedan. I'm fully aware of my current civic options but appreciate it

I won't go back to a manual seat....... WON'T DO IT

 

[ChiefD]

So question for the helpful and ChiefD.........

 

[MTskibum]

Honda 100% make a EX-L for 2023 sort of - I've already been through all the dealers and the honda website. Its not the leather I actually care about. Thats the model you need for a power drivers seat


THe EX-L comes in hatcback models. Civic Touring would be needed for Leather for regualr Civic sedan. I'm fully aware of my current civic options but appreciate it

I won't go back to a manual seat....... WON'T DO IT

It is funny because that is a feature i wish i could remove from my vehicle.

My wife drives a base model pilot with manual seats and I have a tacoma trd sport with powered seats, however multiple times a week we switch vehicles because of one vehicle parking the other vehicle in.

With me being 8 inches taller than her i can adjust the Pilot back in under a second, however it takes a while for the powered seats in the tacoma to move that far back.

Too bad car companies do not let you pick and choose options and just give packages.

 

[Sullie]

So question for the helpful and ChiefD.........

I need tires in the next 2 months non negotiable - would you spend the ~4k for everything I need to get the Traverse "back to normal" or just leave as is ....... I know this is all individual because I'm no stranger to fixing up an older car then 2 months later needing a major repair.

My current lean is spending the 4K now and roll into 2024...... if possible.

So option A - do nothing and wait a few months (probably get tires)
option B - do bare minimum (tires brakes)
option C - drop the 4K now and roll with it for another year

TIA

KBB - has my resale at like 3K lol so thats why I really dont want to do anything

I've been through this many times, don't waste the money, just get rid of it.

 

[stbugs]

So question for the helpful and ChiefD.........

I need tires in the next 2 months non negotiable - would you spend the ~4k for everything I need to get the Traverse "back to normal" or just leave as is ....... I know this is all individual because I'm no stranger to fixing up an older car then 2 months later needing a major repair.

My current lean is spending the 4K now and roll into 2024...... if possible.

So option A - do nothing and wait a few months (probably get tires)
option B - do bare minimum (tires brakes)
option C - drop the 4K now and roll with it for another year

TIA

KBB - has my resale at like 3K lol so thats why I really dont want to do anything

You are right, the most cost effective solution is probably to sell now. You won't get any money out of it that you put into it.

It appears that honda does not make the EX-L anymore. The only difference between the EX and EX-L in the last couple years has been leather seats. You could find a new EX that is not much more than the used car you listed above. I am of the opinion that cloth seats are better than leather anyways.

2024 Civic Sedan – Sporty Design | Honda

The all-new 2024 Honda Civic Sedan turns up the fun, with a sporty ride, spacious cabin and available Bose® audio.

automobiles.honda.com

Honda 100% make a EX-L for 2023 sort of - I've already been through all the dealers and the honda website. Its not the leather I actually care about. Thats the model you need for a power drivers seat

THe EX-L comes in hatcback models. Civic Touring would be needed for Leather for regualr Civic sedan. I'm fully aware of my current civic options but appreciate it

I won't go back to a manual seat....... WON'T DO IT

That’s one thing I don’t like about my wife’s Wrangler. No power seat and no seat memory. I don’t think I’d ever want another car without it. Once my youngest is out of the house with his own car, probably won’t matter but it’s a lifesaver now in my RX. My youngest and my wife have their own settings. So nice to press a button and have the seat, steering wheel and outside mirrors set.

I’m interested to see how the car market behaves because my youngest is 16 with a full license soon. Middle son might take his car to college so not sure if I’ll get let my youngest drive my car for a bit. Not often we need 3 cars so might sit and wait for a bit. Also, don’t really want to get back to two payments. We got lucky to buy the Wrangler back in December 2020 when $5k off the MSRP still worked. Only have 2 years left on her car. Might try to find a decent used car for him that will last passed College. My RX is almost 8 now but just under 100k miles.

 

[massraider]

Most car makers would only sell SUV's and trucks if they could get away with it (and here in America, some can).

Why sell a $30K car like the Civic our boy is about to buy, when you can throw a hatch on it, jack it up a little, call it a crossover SUV and charge $45k.

Not wanting a truck feels like a cheat code in the US.

 

[STEADYMOBBIN 22]

The new accord touring also has the backup camera and alerts. It’s the only difference between the one my daughter has. It’s a $400 part but it’s not an easy install.

For $26 you can get a pretty decent accord. Civics are too small. Both would last her 10 years but she’ll never outgrow the accord.

 

[Mene]

So question for the helpful and ChiefD.........

I need tires in the next 2 months non negotiable - would you spend the ~4k for everything I need to get the Traverse "back to normal" or just leave as is ....... I know this is all individual because I'm no stranger to fixing up an older car then 2 months later needing a major repair.

My current lean is spending the 4K now and roll into 2024...... if possible.

So option A - do nothing and wait a few months (probably get tires)
option B - do bare minimum (tires brakes)
option C - drop the 4K now and roll with it for another year

TIA

KBB - has my resale at like 3K lol so thats why I really dont want to do anything

Out of curiosity, is it the 3.6L V6 in your Traverse? If so, I would not ignore those timing chain codes. That could result in a catastrophic failure of the engine if not dealt with. That 3.6 had issues early on with the chain itself, as well as the oil life monitors not calling for oil changes frequent enough. They became great engines, but up until around 2011 they had those issues, as well as a tendency for the water pump to fail.

 

[belljr]

So question for the helpful and ChiefD.........

I need tires in the next 2 months non negotiable - would you spend the ~4k for everything I need to get the Traverse "back to normal" or just leave as is ....... I know this is all individual because I'm no stranger to fixing up an older car then 2 months later needing a major repair.

My current lean is spending the 4K now and roll into 2024...... if possible.

So option A - do nothing and wait a few months (probably get tires)
option B - do bare minimum (tires brakes)
option C - drop the 4K now and roll with it for another year

TIA

KBB - has my resale at like 3K lol so thats why I really dont want to do anything

Out of curiosity, is it the 3.6L V6 in your Traverse? If so, I would not ignore those timing chain codes. That could result in a catastrophic failure of the engine if not dealt with. That 3.6 had issues early on with the chain itself, as well as the oil life monitors not calling for oil changes frequent enough. They became great engines, but up until around 2011 they had those issues, as well as a tendency for the water pump to fail.

Yep. Already had the og timing chain redone under warranty and the computer reset

I'll take the failure if it comes

 

[Ron Swanson]

anyone with experience with Buicks? Not a popular brand, but scores well on reliability. Seems to have less of a demand imbalance than other reliable brands.

I was surprised to learn they only make SUVs now. Resale value on Buicks suck. Like among the worst of the major brands.

Most car makers would only sell SUV's and trucks if they could get away with it (and here in America, some can).

Why sell a $30K car like the Civic our boy is about to buy, when you can throw a hatch on it, jack it up a little, call it a crossover SUV and charge $45k.

Speaking of Buick, I think it's a shame that GM kept Buick instead of Pontiac back in '09 or whenever. Obviously, they were going to keep Buick for the same reasons as above (much easier for price gouging), but Pontiac was a good brand.

I'm not sure what the point of Buick is, but Pontiac gave us the GTO, Trans-Am, Fiero, and *Aztec. GM got rid of the wrong brand, IMO.

*Yes, I know everybody hated the Aztec at the time, but I contend it was just ahead of it's time. Every one of these crossovers today looks like an Aztec.

IIRC, the Buick brand was kept because it is a popular brand in China and viewed as a luxury there.

I'm not sure if I should distrust the reliability ratings because I don't believe GM could actually execute getting quality on one brand better than others or if I should believe it and be upset GM actually strategies that. I suppose it's academic either way since i'm not buying a GM product anytime soon.

 

[belljr]

We had buicks growing up - the were really nice cars.

I have no idea about them now, however

 

[pollardsvision]

anyone with experience with Buicks? Not a popular brand, but scores well on reliability. Seems to have less of a demand imbalance than other reliable brands.

I was surprised to learn they only make SUVs now. Resale value on Buicks suck. Like among the worst of the major brands.

Most car makers would only sell SUV's and trucks if they could get away with it (and here in America, some can).

Why sell a $30K car like the Civic our boy is about to buy, when you can throw a hatch on it, jack it up a little, call it a crossover SUV and charge $45k.

Speaking of Buick, I think it's a shame that GM kept Buick instead of Pontiac back in '09 or whenever. Obviously, they were going to keep Buick for the same reasons as above (much easier for price gouging), but Pontiac was a good brand.

I'm not sure what the point of Buick is, but Pontiac gave us the GTO, Trans-Am, Fiero, and *Aztec. GM got rid of the wrong brand, IMO.

*Yes, I know everybody hated the Aztec at the time, but I contend it was just ahead of it's time. Every one of these crossovers today looks like an Aztec.

IIRC, the Buick brand was kept because it is a popular brand in China and viewed as a luxury there.

I'm not sure if I should distrust the reliability ratings because I don't believe GM could actually execute getting quality on one brand better than others or if I should believe it and be upset GM actually strategies that. I suppose it's academic either way since i'm not buying a GM product anytime soon.

I do remember hearing that Buick is very popular in China.

Meanwhile, here in the US the brand apparently just exists to sell rebadged Equinoxes