Car prices going back down

[WIA20XX]

If home prices go down, demand is going to go way up and there's going to be a bidding war. Good for the seller, bad for the buyer.

240K house in 2021 @ 2.65% = $967

240K house in 2023 @ 7.939% = $1,751

At current interest rates, prices would need to go down by half/50%+

 

[CrushedGroove]

Copped my wife the Bronco OuterBanks Sasquatch with High Lux package. Had about 3 months and she loves it.

We got $15K on the trade in so it wasn't too bad

 

[WIA20XX]

Fred Durst play cousin goes to the Auction. Dealers wouldn't buy a 2 year old Scat Pack Charger for 21K (but they list them hoes for like 45-50k)



I don't know how this plays out.

Dealers sitting on cars they can't sell, paying salaries and fees? Something gotta break.

 

[Schadenfreude]

240K house in 2021 @ 2.65% = $967

240K house in 2023 @ 7.939% = $1,751

At current interest rates, prices would need to go down by half/50%+

But an interest rate cut alone to like 4% would probably do it too.

 

[gho3st]

Its end of the year, right now is the perfect time to buy a car. Prices are going down. They will spike up again after new years so get what you can now

 

[beaniemac]

car prices are down cuz there's big inventory due to sky high interest rates. if u got cash, u good. if u trying to finance and if the manufacturer doesn't have a special, ur fukked.

 

[Schadenfreude]

car prices are down cuz there's big inventory due to sky high interest rates. if u got cash, u good. if u trying to finance and if the manufacturer doesn't have a special, ur fukked.

Also depends on the car; if you want something from the Big 3 or a Truck, you're straight. If you want a hybrid from Toyota/Lexus, good luck.

 

[ConPHIdential]

I sell cars. We are transitioning, or have transitioned, to a buyers market.