Building off the used car thread, I’ll be in the market for a new car next year. I’ve always bought used and would like to try new this time, but is that a mistake with the car market like it is? I don’t urgently need a new car, is it better to wait till later in the year or possibly 2024?

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Just wait. Inventory is already increasing for most models. By March of next year, I'd guess nearly all non-premium models will have surplus inventory on the lots.

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I think it depends what you want. I wanted a new Yukon or Tahoe and started looking in October. I was looking for the nicest finishes, and there were none just on hand. The recommendation was that I order a car (which costs $500-$1000) and the dealership agreed if I found a car I liked before my came in, I could walk away from the car I ordered and they’d reimburse me. They also said the only way I’d get one before then was if someone else had ordered something and walked away. We ended up finding a used 22 with less than 5k miles so we bought that. I’d recommend going to talk to a few dealerships because if it’s still a 9 month wait, you may want to get the process started and from my understanding, you couldn’t lock in price or int rate.

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Look up YAA on YouTube. They analyze the car market and post a lot of helpful videos

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Do you want to be my car-mate? Contribute based off of the percentage of miles driven. Any long trips require at-least a week’s notice. Since we both don’t need a car urgently then its more of a want than a need.
JK but I guess that would a good concept! Good luck for your search.

I have little kids and car seats so probably not a good candidate for this, but it’s such a good idea.

I do have a 2014 Subaru with 56k miles I’ll be looking to sell sometime in the next 6 months, but no idea if you’d be interested or if that timing would work for you.

Wait across the board unless you’re going straight cash (and even then, maybe wait unless there’s a clear and obvs deal). New and used are still pretty inflated and cost of debt is climbing… all the while the prior years’ inventory response is finally catching up. Dealers should be more flush with inventory in 2024 both because factories and supply chains have loosened and people are buying fewer cars because interest rates are 🚀

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