New Car Price Keeps Climbing, with Average Now at Almost $47,100
Reduced supply, increased demand: It all adds up to higher prices for the new-car-buying public.
www.caranddriver.com
Each loan is created individually; however, the rule of the thumb for our underwriters states the one should be less than 50% of his monthly gross DTI obligations in order to be approved
On Monday I’ll go and look for a bill of sale that in a way stood out among others; he got into a 22 BMW X7 model for a pocket change of $110K OTD price
I bet you have some really good stories about this as well.I manage a small retail store garage. We are busier than ever bc people are fixing more old cars that they would have gotten rid of before.
I had to come to this thread to share one of the craziest prices I've seen since this all took off.
Carvana has a 2010 Yaris sedan base with an automatic. Steel wheels, silver, basic vehicle. 61k miles. $13,950. I have to imagine that car stickered for something like $15k 11 YEARS AGO.
64k to 89k miles. Barely broken in.
Disagree. Vehicles excluded. If you need an appliance or other big ticket item now is the time to buy- it will only go up in price if you wait. It used to be that good could count on construction costs going up 10% a year, now costs are much higher .I have been interviewed by NPR and the Wall Street Journal about this very topic.
My advice comes down to 10 words.
Don't spend money.
Don't buy anything.
Sell your extra car.
If your daily driver can last until 2030 then just ignore the marketplace. The automakers and their overindebted dealer networks won't have anything worth buying until EVs become cheap and common.