Car Dealers Are Trying To Make Having A Car Payment Over $1,000 The New Normal

I put 10k down on my 2021 wide body 392 & my payment is $1,014.83 a month for 48 months. My car loan was $57,780.44

Have u considered doing a 60 month and still paying the 48 month amount?

Designate the extra to principle only

Prolly pay off 4+ months early on the 48
 
The talking about bullshit ass negro hating cars too.

I ain’t recognize none of those car names.
 
It looked like they were in a car dealership- so (assuming they are telling the truth) I'm wondering if they getting some home cooking on those prices/payments, and the numbers they were saying were what the would have been paying... or more accurately, what YOU can come in and pay.

it was strange to hear that everyone in that video was driving '22 models, even though there had been a new car shortage during the pandemic- (which circles me back to point one)

I think, like the vid says- these dealers trying to normalize the 1k+ payment, as now they need to move inventory and make up for lost (pandemic) revenue - and with people actually leaving the house again, they trying to take advantage.

I'm from the midwest, so I'm fine with my used vehicle, lol.-
Unless you're dropping a knot of about $20k as a down payment.... anything that costs over $57k will get you a payment over a grand easily



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Have u considered doing a 60 month and still paying the 48 month amount?

Designate the extra to principle only

Prolly pay off 4+ months early on the 48

Nah, I'm going to keep it at 48.

Going to evaluate the penalty fee for early payoff when I get 12 months left.

I might sell the car, as I've been offered great deals.

I want it to get closer to 23, as I rarely drive it. I only got 3100 miles on it

I put the Hellcat replicas on it a few months ago...

Debadged the Dodge off the rear, tinted headlights & tailights.

Got a Pedal Commander & Borla Atak exhaust

I got a Borla on my 2021 Yukon Denali as well, sounds great!



 
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That's crazy.. that's a mortgage or apartment rent payment on wheels. If you making well into the $180k ++ range that a eighth of months payment but still I won't pay that much. Cars depreciate too much.
 
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No doubt you are right.

I got my last "new-ish" car in 2015...a 2015 Charger, bought slightly used from Carmax, 17k miles. It was a rental car.

I think I got it just under 25k.

Haven't been in the market since then.
I got my '17 Lacrosse with 6k miles back in '18 that was a company car for an exec, and I got it at Carmax for just under 19k. Still had the chick's business card in the glovebox. It was some realtor firm.
 
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FYI there are such thing as people who just really like cars. Yes I get it all y’all in here talking about the Jones shit don’t care about car culture or cars but not everybody who buys sports cars or sports sedans etc only care about looking a certain way. Driving a performance oriented car isnt cheap and it’s a hobby for people who can do it . I love driving the backroads in the Oakland hills and smashing on the freeway.

If you want a car only to get from A to B cool but stop making it seem like everybody who doesn’t is just trying to look a certain way
 
FYI there are such thing as people who just really like cars. Yes I get it all y’all in here talking about the Jones shit don’t care about car culture or cars but not everybody who buys sports cars or sports sedans etc only care about looking a certain way. Driving a performance oriented car isnt cheap and it’s a hobby for people who can do it . I love driving the backroads in the Oakland hills and smashing on the freeway.

If you want a car only to get from A to B cool but stop making it seem like everybody who doesn’t is just trying to look a certain way

Honestly it's not about liking cars or keeping up with anyone, many just don't know how much cars cost.

Because they haven't had to purchase a new car since the mid 80's! :lol:
 
This bland, boring 2022 Ford Explorer 4 cylinder 4WD was 45k but now can be yours for 41k.

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41k for that :rolleyes2:

So it's not that people are balling or living beyond me their means. Cars cost more money and people buying them have to pay.
 
Ford Raptor $72,350.
Jeep Grand Wagoneer $109,995
GMC Sierra 2500 Denali $72,000

Cars are high, but no one is forcing anyone to get the performance or luxury version of your vehicle.
"Wide bodied Hellcat Charger". I was listening to the kinds of cars they had, and was like :smh: :hmm: I will give them this tho, they seemed not to mind.
 
This bland, boring 2022 Ford Explorer 4 cylinder 4WD was 45k but now can be yours for 41k.

1.jpg


4.jpg


41k for that :rolleyes2:

So it's not that people are balling or living beyond me their means. Cars cost more money and people buying them have to pay.
The co-worker I started that thread about that's paying over $900 a month for her new ride, it's for a basic 2022 Traverse.
 
Drove an economical car for a shitload of years (16) and it was nearly 20yo when I sold it. Only minor issue I ever had with it was the MAF sensor.


Bought a car off a family member for a nice discount in the summer of 2019 (4yo) with limited mileage. Thankfully my driving's mostly during off-peak hours (early & late) so there isn't much wear and tear on the car.
 
The co-worker I started that thread about that's paying over $900 a month for her new ride, it's for a basic 2022 Traverse.

I remember! I remember you saying that she had bad credit. But regardless of bad credit or not, the Traverse starts at 34k and can be as much as 55k.

Bad credit costs her more but depending on the years she was gonna pay 700+ regardless.
 
People see Escalade's everyday and think nothing of them...

Not knowing that they cost almost 100k and lots of times more! :lol:

They start at 76k but ain't nobody buying a base model. After taxes and options most are paying 90k or more.

And their car payment ain't $450 a month!:lol:
 
That type of payment is just insane to me.
The used car market is still crazy, but it's slowly coming down. By late fall it will be down even further as these dealers gotta start moving inventory.
 
What Happens To New Cars That Don’t Get Sold?

Even people who have been in the car business for decades and know how the industry works sometimes marvel at the number of brand-new cars, trucks, and SUVs that sit on a typical new-car dealer's lot.

With each one representing $30,000 or more at retail, the typical dealer has a lot of stock on hand — and a big investment in that stock.

So it is natural for a consumer to ask the question, "What happens to new cars that don't sell?"

 
FYI there are such thing as people who just really like cars. Yes I get it all y’all in here talking about the Jones shit don’t care about car culture or cars but not everybody who buys sports cars or sports sedans etc only care about looking a certain way. Driving a performance oriented car isnt cheap and it’s a hobby for people who can do it . I love driving the backroads in the Oakland hills and smashing on the freeway.

If you want a car only to get from A to B cool but stop making it seem like everybody who doesn’t is just trying to look a certain way

The problem is that in today's market, cars that were made to get people from A to B are going for dam near luxury car prices at dealerships. A 3 year old used rav 4 shouldn't be selling for almost $40k.
 
Buy used. A one to two year old car can still be like new.

Even better get an older car for cash. Problem solved
New car demand has been low for a few years Covid didn't help none cause of the deep discounts they offered during those 2 years. It's become a money grab now with dealerships and the finance companies.
 
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