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Layoffs at Walmart corporate 😬😬
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No. Real people with families get a normal car with a payment $400 or less. Used Honda Odyssey with 30k miles, for around $25k. Done.
Most people who aren’t super loaded aren’t buying a giant SUV from a luxury brand.
I have a personal friend who is a sales manager at a local Chevy Dealer. As of two days ago they had zero (0) new inventory on their lot. No trucks. No SUVs. No cars.
A) Don’t expect prices to come down while inventory is tight.
B) As someone recommended above, get a minivan. They have significantly more room than any SUV, anyway. Personally, I would choose the Pacifica over the Honda.
We got a Honda Pilot because we couldn’t bring ourselves to get a minivan. Love the Pilot.
I bought a fully loaded Hyundai palisade calligraphy edition (three rows, captains chairs) for @1.0% APR (if I remember correctly) - put 5k down for a 60 month loan which makes my payments @ 828 / month. I find that steep but my wife really wanted something nicer.
Depends on where you are. There are a few dealers in the country who are actually dealing. They sell below invoice as they are playing the volume game. Join some Facebook groups for the car you like and find out where everyone is going for the good deals.
Stop thinking of it in terms of monthly payments on a lease. It’s a 70k car. If you are on a budget a 70k car isn’t practical. Those cars are for fairly loaded people. Leasing feels cheaper because the monthly payments are more doable than buying but consider this:
Save up and buy a car like that when you can afford it and keep it for at least 6 years. When you lease you buy the depreciation for the steepest declining years. For a car like that you probably pay at least 30k over a 3 year lease (residual values typically 50% to 60%)... so over a six year period with leasing you’re at least 60k out of pocket and no asset left over. If you buy a 70k car, after six years, you have a 25k ish car which you can sell and reduce payments on the next car. So you save about 15k over 6 years by buying (ignoring maintenance costs which likely aren’t 15k on well maintained Japanese car over a six year period).
Lease a cheaper, bigger car for now and save up to buy the car you want next cycle. My 2 cents.
Personally I buy my cars for cash unless the financing is very aggressive and I keep them for at least 10 years. $50k is the most I’ve spent and that was a splurge after I made partner.
VW Atlas: tons of space, $30-40k
We love ours!
I've said it before, I'll keep on saying it: sliding doors FTW. Function over form!
If you really want to lease, got to Lease Hackr and play the game to win
Do not lease a vehicle it is cheaper just to buy one and sell it in a few years
Also worldwide shortage of semiconductor chips = low car inventory = cars going above MSRP
I would look for a used MDX that is a couple of years old. They do not have tremendous space but have a third row and will last forever with minimal maintenance. Payments to finance one should be lower than what you are paying right now on your lease (I bought mine a few years ago but with a low end trade in my payments were <$400/mo for five year finance).
I just got a fully loaded nissan rogue 2021 for 385 per month and it's amazing. Broker in Brooklyn helped me get this deal. Feel free to DM if you want his contact.