New car pricing?
 

I've been putting off buying my wife a vehicle for a year, if I have to I could wait another year the only issue she's now sharing her car with my son who has his license now.

I looked at some yesterday, stealerships still asking 10% over MSRP with no room for negotiation, seems steep with interest rates in the 8+ percentage. Opinions on when we might see a shift, is supply still really that bad and when will interest rates start pushing prices down?

I did this same exercise with a co worker recently. She wanted a new car, she was looking at econoboxes and ran into the issues you said above. Most dealerships either has limited or no inventory (still) and they want you to pay over asking.

Ultimately when we did the math, the tesla was just a cheaper purchase.
The Model Y can be delivered this month, no games, no dealer bs. Just need to make sure you can find somebody who can qualify you for the rebates and it works out to be about the same if not cheaper than a ratrolla or a civic.

https://i.postimg.cc/9Fn1Wp4W/Corolla.jpg
https://i.postimg.cc/pXTqb7LG/civic.jpg
https://i.postimg.cc/QdKmVT5c/Tesla-Y.jpg

P.s. Fuck you Honda and your 32k base model Civic.

I still dislike Tesla's immensely but the value proposition is the best in the market right now.

I got my Mazda at MSRP, but that depends on what you're trying to buy. Seems like some dealers are tacking mandatory add-ons like ceramic coatings and cash cams. Others are forcing you to trade-in and/or finance...

my brother in law bought a murano early this year and they forced him to "lease" it. A stinking MURANO!!!

of course this dumb ass didnt ask me or the wife for help, and picked literally the worst car to spend 55k on. Nissan CVT? shit resale? gas pig? lame interior space? yeah and you paid friggin HOW MUCH FOR THAT?!

lol he got raped

It's gonna be a while... if ever. There's still dealerships around that only charge you for MSRP and no other add on bs. Just have to look around and ask around.

Seems like car companies are doing better keeping inventory low and pricing high I doubt things will change unless a big recession hits and they can't sell anything.

yeah its just like working from home now.

Once the dealerships had a taste of the good life, they wont go back to the high inventory, high volume, numerous incentives days of yore. They'll artificially keep inventory low just to ensure everyone gets it straight up the ass.

that co worker of mine was told 3 month for a corolla.. A COROLLA!!!!!

I haven't looked that hard to be honest just went to a few dealerships near me. I would think it has to give as some point, historically rates and prices go up and down depending on interest rates, I guess the caveat is supply issues like we really haven't seen at least not in my life time as a consumer.

At this point are they just artificially holding back supply because it's good for the bottom line?

I'm just too cheap to pay that much over MSRP, it's more the principle that anything lol.

My relative bought a car recently from Richmond Subaru at MSRP. Cash purchase. We did have to sit through the typical finance office BS though.

absolutely yes

i feel you - it's hard on the brain. yes - it sucks, but it's just the way it is now.

the S in MSRP stands for suggested. there isn't and never has been a requirement for any dealer to charge this number at any time.

they've used C19 as a way to normalize charging more - and the OEM's have no problem with it.

this will change when the dealership model is abandoned. we're not far from it. What's the point of a car dealership in a prime condo location? dealerships are going to sell out soon. Central repair and delivery centers are all that will be needed.

All true, I've always paid under on every new vehicle I've purchased over the years, it's hard to come to grips with paying over and them having all the power.

I guess I could try contacting a bunch of dealerships on a particular model and see what they are willing to do and just go with the one that rapes me the most gently.

I'm not even opposed to a low mileage lease return but the problem with used is they want almost as much as new so at that point it's why bother.

To an extent, yeah. More often than not dealers have no control with the new cars they're getting in so a way to control supply is make it harder for people to get them aka maximize their profits. Demand is basically higher than supply so hard to make money if you don't have something to sell.

When I got my 4Runner last year, I paid MSRP with no room for negotiation and that was with connections too. They did sell it to me without having to trade another car in though, or add a bunch of extended warranties, paint protection, etc. I considered that a win already in this day and age lol.

I had no problems picking up my WRX at the Subaru in Coquitlam for MSRP + doc fee (what was quoted on the Subaru website). Sales didn't care how I structured the deal and the finance lady was the most chill F&I person I've ever worked with. She straight up said "you're probably not even going to keep this car for the warranty term so don't even bother with the extended warranty options". I wanted to buy a prepaid maintenance package but she said "lol no Subaru doesn't do that".

Definitely shop around - my first attempt was at Subaru on Marine and they were lowballing my trade + tacking on mandatory accessories. What are you looking to buy?

Yea it sucks to buy now + interest rate, i think there's gonna be a slow down pretty soon. Unless you're a dumbass I don't see why you would want to finance at 8% or pay cash either given % rate. I think the market is getting pretty tired, most average consumers are getting tapped out. Also $2.05 gas prices. Why not just spend 10k for a beater for a n driver.

I picked up our new Lexus RX 350h a few weeks back and I paid MSRP and No mandatory dealer add ons.

Really depends on what you're buying. Go over the Mitsubishi, they're having buy one get one free.

And also who you know. One of my friends picked up a MK8 Golf R at MSRP with cash as well.

^^TROLLFACE?!?!!

you bought that beluga headed RX!? how is it so far?

From what ive read these are the issues so far on clublexus:
- electronic door lock/handle freezes during the winter and you cant open the door. Apparently the moisture gets in there and freezes
- the gas cap cover panel is misaligned on like 50% of these due to fit and finish issues
- the user interface occasionally crashes and that heads up display steering wheel controller is frustrating a lot of people cuz it doesn't always work when you press it.

100% agree on Badhobz' suggestion for Tesla. Model 3 or Y -- the rebates, no BS, and availability really make them the most attractive deal for new cars right now. I also agree with the others that in this day and age, the car sales dealership model has become outdated, and outlived it purposes. It is exactly like the taxi model becoming outdated, and getting replaced by a combination of car sharing programs and Uber/Lyft.

Question for Badhobz though -- I can't help but noticed that you were putting in a LOT of effort into helping this female coworker of yours. Wink wink nudge nudge :ifyouknow:

Send out emails. Don't have to go anywhere, BCC all the dealers with the same email. Sit back and see who bites.

:fullofwin: shes 60 years old :fullofwin:

just my type... :ilied:

The type to have a 25 year old daughter?

Yeah, this is how I bought my current truck. At the time you could negotiate, I made an offer on the truck with certain Options, same offer to all 4, 3 of them said no one of them said yeah we'll do it. I just drove to the dealership the next day, signed the papers and drove home, even had my trade negotiated by email but I was reasonable with everything.

I don't like the whole sit in my office experience well I speak to my manager approach either, not sure if they still do that but I refuse to take part in that bullshit.