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First time I visited Houston, in 1990-something, we were blown away by what they were paying for car payments. They were laughing at what we were paying for rent. Different places, different people, different things we waste money on.Is that for one car? I pay 1200 a month for two cars.
Yeah I thought the same as it says “their cars”.Is that for one car? I pay 1200 a month for two cars.
Everything you say here is true but none of that mean this graph is 1 car for an individual. Nor does it say anything about “new“ cars.Is that for one car? I pay 1200 a month for two cars.
One car. It’s not hard to do these days. Average car is almost 50k. If you have no down payment, 60 months at 8% with sales tax and fees, you are looking at $1000 a month. And that’s for the average priced new car.
I sit in on industry forecast calls quite often. They are referring to new, individual vehicles. Average car payment for a new vehicle is now over $700 month.Everything you say here is true but none of that mean this graph is 1 car for an individual. Nor does it say anything about “new“ cars.Is that for one car? I pay 1200 a month for two cars.
One car. It’s not hard to do these days. Average car is almost 50k. If you have no down payment, 60 months at 8% with sales tax and fees, you are looking at $1000 a month. And that’s for the average priced new car.
Everything you say here is true but none of that mean this graph is 1 car for an individual. Nor does it say anything about “new“ cars.Is that for one car? I pay 1200 a month for two cars.
One car. It’s not hard to do these days. Average car is almost 50k. If you have no down payment, 60 months at 8% with sales tax and fees, you are looking at $1000 a month. And that’s for the average priced new car.
True mine could probably be higher but I got the same rate for all so I chose 66 months but budget to pay of in 48.
And some of the trucks in these states are write offs for work, etc.
Depends on the SUV and your buyout price.
can you buy it? my parents bought their covid lease car, a volvo. with the low miles, they are 8k ahead if they want to sell it now.
Yeah we could. We really got used to the free maintenances and love getting the new car every few years, but we may be headed down that path.
That seems like a lot of truck for a kid going to college. Why not a smaller car?
If it’s worth a decent amount more than the residual value, a lot of times the dealership will buy it and cut you a check. Nissan did that with my Sentra and I didn’t have to worry about the tires it needed. They took it as is.
It’s a good question. Dealerships have fundamentally changed how they are holding inventory which is worse for the customer as there are limited options and everything is more expensive. I don’t know how the average person affords a car honestly at least in a fiscally responsible way.
Yes car leases may be going away. Dealers only did it due to excess inventory and with that fundamentally gone they don’t need to do it to get rid of excess inventory.
Who has Mavericks? I thought they were basically non existent? Are around here.
There are so many acronyms and abbreviations in here that I have no idea what most of the post means but I'm assuming it's helpful.
I always feel like Culdeus is dropping info I want, but I catch about 60% of it.
Auto pilot is still limited to 85.
She loves trucks, it was a good deal. Being a Flex Fuel vehicle she can put E-85 in it which in my experience is usually $1 cheaper per gallon than regular gasoline. Its big so I feel safer having her drive it, and she can haul stuff back and forth from school, she is going to be a 10 hour drive away.
I live in the Denver Metro area. Lots of them around here. Did some research on this and you can't put any orders in for Mavericks now. They might open back up to orders in November. People are selling used Mavericks above the selling price for new ones. A good guess would be April before you can get one if you order at the beginning of the year.
Cheaper yes, but you get worse mileage.
I drive an E-250 for work that is also flex fuel and do about a tank a week. It is worse mileage but still better economically.
The key with Flex fuel vehicles is 1)Don't be switching back and forth. The vehicle has sensors that measure the amount of alcohol in the fuel and your computer changes engine settings based on it. If you switch back and forth, it will show the composition somewhere in the middle and the computer won't adjust settings correctly triggering the check engine light and causing it to run rough and start hard. 2)You will not get as good of mileage with E85 as you will with 10% or 0%. The cost per gallon has to be enough less to justify the lower mileage, other wise you could actually end up spending more. Most of the time it is less enough, but there are times when the cost difference isn't sufficient.
Maverick order banks opened about 2 weeks ago for the 24MY. EcoBoost will be easier to get, demand for hybrids are still really strong. Spring is probably still a best case timeframe.
Thanks for the info, I must of gotten old or incorrect information on the internet. I suppose if I am serious I should call the local dealer. It is crazy what the used Mavericks are going for though.
Yes, I run E-85 in my van almost exclusively. The distance I drive hasn't changed but overall fuel cost is down. We will have to see what the cost of E-85 is in the state she is going to school in.
Many dealers don’t require a deposit, just a copy of a drivers license and a signed order form. I ordered a hybrid XL last September - reorder as a 2024. Cautiously optimistic to get it built in the spring.
open.spotify.com
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She's been on the daily and a few other podcasts for npr and she bring the heat. That's for sure.
#18 What's next for auto lending, When will car prices drop, How the FED really works, Receiving a call from Warren Buffett | Danielle DiMartino Booth, CEO & Chief Strategist of QI Research
Car Dealership Guy Podcast · Episode
Car Dealership Guy podcast from few weeks ago. Sorry if posted already.
His guest Danielle DiMartino Booth, was dropping some pretty strong takes, more than the host was able to handle
I am sure her opinions on the Fed and the state of the car market are not popular, and I have no idea if she's correct, but she makes strong points.
She's an economist, and economists are wrong, but she's definitely sharp
Probably the proximity to corn states doesn't hurt.
