[Mason Hatcher]

Originally Posted by ..Rush..

The time to buy ICE cars is now.
Pretty soon, the only place you will see them is in a museum.

lol Define "pretty soon".

[Mason Hatcher]

Originally Posted by fe03h20

Another guy said he had Model Y (that i hate personally) on order and was told to expect delivery in Q2 2022.

You hate the guy, the car... or both?

[tom2021]

When the inflation and interest rate are several percent higher than now, the price and the cost to finance cars will be more expensive.

Car is necessity. When you find yourself in a situation have to buy cars in the future, you will pay more for less.

[MOTOP]

Originally Posted by Mason Hatcher

You hate the guy, the car... or both?

The car…if it matters.
It’s a plain thing wrapped in leather with a giant screen.

[P1]

Originally Posted by tom2021

When the inflation and interest rate are several percent higher than now, the price and the cost to finance cars will be more expensive.

Car is necessity. When you find yourself in a situation have to buy cars in the future, you will pay more for less.

Colleague just bought a new GTI today. Still got a discount and 0% for 60 months.

[Throatpunch]

Originally Posted by tom2021

Inflation is looming. Interest rate will climb very soon.

So, the time to buy cars is now.

Well dont get a loan for a used m3
They are so cheap now anyway

[shay2nak]

Depends on the car. Toyota wanted 3k OVER MSRP for shitbox RAV4 Hybrid. lmao

Looking for a low miles '15 6MT Honda CR-Z EX right now. Low miles are almost $20k.

[VisualEcho]

Originally Posted by ..Rush..

The time to buy ICE cars is now.
Pretty soon, the only place you will see them is in a museum.

Pretty soon. You sound like one of those religious zealots; the time is nigh!



ICE aren't going anywhere "soon."

[W///]

Originally Posted by VisualEcho

Pretty soon. You sound like one of those religious zealots; the time is nigh!



ICE aren't going anywhere "soon."

What about ICE and 3 pedals? Because that very much will be going extinct soon.

I'm personally not that interested in ICE + 2 pedals.

[VisualEcho]

Originally Posted by W///

What about ICE and 3 pedals? Because that very much will be going extinct soon.

I'm personally not that interested in ICE + 2 pedals.

Those aren't going anywhere soon either, as there will never be a shortage of people that actually want to drive their car. However, like the market, expect production to come and go.

I keep hoping that one day the general population will stop caring about 0-60 numbers, and Italian Supercars will stop focusing on flappy-paddle numbers when 90% of their sales are driven by slow-pokes.

I continue to hope.

[matthew1227]

I've heard though that there is a crazy shortage in quality used cars now.

[TheWatchGuy]

now is the worst time to buy a car lol.

theres a shortage of cars so prices are sky high. Been debating selling my truck and getting a new one (i need a new one every 5 years for work and my current is 4years old) because I can get near what i paid for mine on the used market right now, but every truck (ram, chevy/gmc, ford) are all going for over MSRP unless you want a base model truck with a bum engine.

Just had to replace my wifes car last month and after spending weeks of trying to get exactly what we wanted, had to go out of state to get a car, and it wasnt even everything we wanted (had to settle for her 3rd choice on color). Dealers arent able to keep inventory in stock on the cars that people want. If you arent after a fully loaded car and dont care about colors, you can find an average deal if you get lucky. otherwise, its a chore finding the car you want.

[SickGTR]

It's hard to believe people are in such demand to buy everything. So many people were out of work and still not wanting to work. My guy who does refi-mortg said everyone is taking home equity loans out and buying cars, boats , shore house ect.ect Home values are so inflated that all the sudden people have 50,75 and higher equity. He also says when this bubble bursts ( which it will ) shit will then hit the fan. Be 2008 all over again. I hope he is wrong!! Just passing on what he told me

[TheWatchGuy]

Originally Posted by SickGTR

It's hard to believe people are in such demand to buy everything. So many people were out of work and still not wanting to work. My guy who does refi-mortg said everyone is taking home equity loans out and buying cars, boats , shore house ect.ect Home values are so inflated that all the sudden people have 50,75 and higher equity. He also says when this bubble bursts ( which it will ) shit will then hit the fan. Be 2008 all over again. I hope he is wrong!! Just passing on what he told me

its like people have short memories. I refid during covid in june (from 30yr to 15yr for a much lower rate) and my broker was telling me i was one of the first to do a straight refi without taking any equity out.

you know what they say though, history repeats itself. At least we'll get a sequel movie to the big short out of it i guess.

[SickGTR]

Originally Posted by TheWatchGuy

its like people have short memories. I refid during covid in june (from 30yr to 15yr for a much lower rate) and my broker was telling me i was one of the first to do a straight refi without taking any equity out.

you know what they say though, history repeats itself. At least we'll get a sequel movie to the big short out of it i guess.

Yes sir! People are paying way to much for these homes. Yeah, it's great your getting 2.5 or whatever rate but that won't help you when the 350K home is worth 225 next year. Trust me, I'm hoping it never happens. I'm pretty tied up in the market and if the housing shits again, so will wall street. I have a buddy at work with 4 rentals. 2 peeps have not paid him a penny in over a year. Can't kick them out so he is stuck. They will never pay I'm sure. So once all this Covid shit ends and people need to pony up, it could get ugly quick

[FC4]

Originally Posted by SickGTR

It's hard to believe people are in such demand to buy everything. So many people were out of work and still not wanting to work. My guy who does refi-mortg said everyone is taking home equity loans out and buying cars, boats , shore house ect.ect Home values are so inflated that all the sudden people have 50,75 and higher equity. He also says when this bubble bursts ( which it will ) shit will then hit the fan. Be 2008 all over again. I hope he is wrong!! Just passing on what he told me

Not that hard to believe, actually. What we're seeing all ties directly to monetary policy. Capital is itching to find a return anywhere it can.

I don't disagree that it will, but to anyone who thinks this bubble will burst...what will cause it? Modern economies are extremely resilient. Look at a long-term chart of the S&P and think about what was necessary to produce the last two dips and how significant they look long after. In '08, it required the global financial system to collapse. In '20, it required a global pandemic which brought the developed world to its knees. What's it going to take to really knock the economy on its ass? Earth colliding with another planet? The Mayan calendar ending? Porsche changing the 911 to front-engine?

As economies mature and develop resilience to external shocks, more extreme shocks are required to cause a meaningful downturn.

I've been buying ultra low-mile, museum-quality cars from the 90s since last year. Being able to borrow money at LIBOR +125 points makes pretty much any store of value very attractive. I've never been this leveraged in my life as I see no reason to be in cash right now.

[SickGTR]

Originally Posted by FC4

Not that hard to believe, actually. What we're seeing all ties directly to monetary policy. Capital is itching to find a return anywhere it can.

I don't disagree that it will, but to anyone who thinks this bubble will burst...what will cause it? Modern economies are extremely resilient. Look at a long-term chart of the S&P and think about what was necessary to produce the last two dips and how significant they look long after. In '08, it required the global financial system to collapse. In '20, it required a global pandemic which brought the developed world to its knees. What's it going to take to really knock the economy on its ass? Earth colliding with another planet? The Mayan calendar ending? Porsche changing the 911 to front-engine?

As economies mature and develop resilience to external shocks, more extreme shocks are required to cause a meaningful downturn.

I've been buying ultra low-mile, museum-quality cars from the 90s since last year. Being able to borrow money at LIBOR +125 points makes pretty much any store of value very attractive. I've never been this leveraged in my life as I see no reason to be in cash right now.

I hope your right. I just listen to people who know more than me. My buddy is just worried about all these people not paying rent and mortgages. At some point, someone will be responsible. The bank will want their money. Tons of people earning more money on unemployment for a year now. That will be ending soon. It just seems like something has to give. You think a sheet of plywood is going to stay at 80 bucks? Everything is just so inflated. Like I said, I have no idea about all this stuff. But if a year ago someone told you we would go through a world wide pandemic and during that homes and cars would be selling like hot cakes. I would call bullshit

[The J-Man]

Inflation isn’t happening. This is all nonsense. Things will equalize very soon. Lumber has already started dropping like a rock. This is literally the worst possible time to buy a car.

[Mike00]

Originally Posted by tom2021

When the inflation and interest rate are several percent higher than now, the price and the cost to finance cars will be more expensive.

Car is necessity. When you find yourself in a situation have to buy cars in the future, you will pay more for less.

Interest rates won’t go up that much in the US. Would destroy to many markets. Sure maybe 2% more on cars but it hardly changes the overal payment value (house yes, car no).

[Mike00]

Originally Posted by VisualEcho

Those aren't going anywhere soon either, as there will never be a shortage of people that actually want to drive their car. However, like the market, expect production to come and go.

I keep hoping that one day the general population will stop caring about 0-60 numbers, and Italian Supercars will stop focusing on flappy-paddle numbers when 90% of their sales are driven by slow-pokes.

I continue to hope.

It may happen. I have an 18 Z06 M7 - frankly I don’t need faster than this. All power these days is unusable but I can’t even see the point of faster that what I have.

Which is cool because now maybe I’ll consider next gen Porsche S types as a replacement (will miss the v8 sound though).

[VisualEcho]

Originally Posted by Mike00

All power these days is unusable but I can’t even see the point of faster that what I have.

I agree. I think when suspension/tire/grip technology increases to match power output, people are going to see that what we currently have is more than sufficient with the right grip.

[Melbourne_X5M]

Originally Posted by BMWCCA1

The likes of Carvana and Vroom over-paying to grab market share and squeeze out their competition hasn't helped. They seem to pay retail and sell at virtually no profit.

Their business model is to make money selling your loan and warranty products, not on the automobile itself.