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I can afford to buy now if I wanted. I don't think I want to knowing that vehicle are $10-15k, even 20k over priced currently.
I bought a 2019 ram early last year and have put 20k miles on it. I can sell it for at least 10,000 more than what I bought it for.
I'm more concerned with prices dropping $10-20k in a year or two and being stuck "upside down" that much because of the current inventory situation.

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08-24-2021 , 09:00 AM

#27

boscoboy

veteran

Join Date: Jan 2005 Posts: 2,328

Quote:

Originally Posted by billyf111

I think your logic is sound. No harm to check the lease numbers on the cars you are considering.

Conversely, anyone that is 2+ years in a current lease should check their buyout number as its likely 5-15k less than what your car would currently sell for. My wife's 2019 CX-5 lease has a buyout of 18k and KBB value of 25k

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08-24-2021 , 09:06 AM

#28

amazinmets73

Pooh-Bah

Join Date: Oct 2006 Posts: 5,556

https://youtu.be/t1NaDucAXIg

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08-24-2021 , 09:14 AM

#29

Villian1

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Join Date: Jun 2010 Posts: 8,174

Has anyone ever bought a brand new car/truck from a different state and had it shipped to you?

I'm seriously considering selling my newish truck for about the same price (after putting 20k miles on it) i bought it for 9 months ago and buying a new truck.

The brand new truck i want is selling for $8k cheaper about 1,000 miles away than it is where I live. Shipping is about $1k.

What am I missing here?

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08-24-2021 , 09:28 AM

#30

golddog

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Join Date: Feb 2013 Posts: 6,713

Villian,

The only thing I can see is it seems like you'd be able to fly over and drive back for less than the $1K shipping (?).

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08-24-2021 , 10:16 AM

#31

razorbacker

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Join Date: May 2006 Posts: 7,365

Quote:

Originally Posted by Villian1

We did this last April. It was an easy process. They overnighted me documents to sign and then I had to sign some other documents on delivery.

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08-24-2021 , 12:09 PM

#32

businessdude

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Join Date: May 2007 Posts: 10,913

Quote:

Originally Posted by Villian1

I did that with my a lease - only catch was usually my license tag is all set up by the local dealer, but since I got it out of state, I had to go to some govt office to get the tags.

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08-24-2021 , 12:59 PM

#33

pokerjo21

grinder

Join Date: Apr 2018 Posts: 455

Quote:

Originally Posted by Villian1

I bought a used car in TN and had it shipped to CA for $1k. Super simple process and it was all arranged by the dealership. The only downsides were the tax bill to get it registered in CA and it also failed its CA smog test due to an aftermarket air intake, so it cost a couple of hundred bucks to track down a stock air intake,

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08-24-2021 , 01:50 PM

#34

Tom Ames

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Join Date: Oct 2005 Posts: 45,789

Quote:

Originally Posted by golddog

Villian,

The only thing I can see is it seems like you'd be able to fly over and drive back for less than the $1K shipping (?).

This.

Would also give you the opportunity to look at the truck before forking over all of your money. I did similar when I bought my current car several years ago. I was giving my old car to my son (his first car) so he was happy to go on a road trip with the return being his first lengthy solo. Probably only 500-600 miles each way though.

I wanted to be sure there were no dings or other flaws and the odometer was as I was told. I'm a nit like that with new cars. With a truck, that might not be as big of a deal. Flying rather than driving sort of leaves you hanging if you decide to walk from the deal though, but it's probably worth that small risk.

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08-24-2021 , 06:21 PM

#35

businessdude

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man you guys look at things differently - not having to buy a plane ticket, not having to deal with flying, not having to uber to the car's location, and mainly not to have 15+ hours of driving while staying in a hotel along the way would be worth well over 1K to me.

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08-24-2021 , 07:02 PM

#36

golddog

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Join Date: Feb 2013 Posts: 6,713

Yep, I get that. I'd see it as a mini-vacation, seeing the sights on the way back.

I think Villian is a business owner, so time off may not be feasible. Or the location might be BFE, where it's a hassle to get to.

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08-24-2021 , 09:21 PM

#37

REDeYeS00

always sloppy

Join Date: Jun 2004 Posts: 22,784

Quote:

Originally Posted by pokeraz

Yes you are. Financing a car is one of dumbest things a person does financially. If you can’t write a check for the car, you cannot afford it.
.

spouse and i have purchased two different new cars using 0.9% financing through the dealer over a five year term (10 years apart). the load from interest is minimal and the future cost of money with fixed payments due to inflation makes up for it.

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08-24-2021 , 10:14 PM

#38

Garick

Oberbiergenießer

Join Date: Dec 2007 Posts: 26,523

Yeah, anything below ~5% is like free money. I hate financing anything, but I can't see the value in making early payments on a loan that cheap when I can invest the money instead and almost certainly beat that return.

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08-24-2021 , 10:26 PM

#39

REDeYeS00

always sloppy

Join Date: Jun 2004 Posts: 22,784

exactly. there’s no need to make early payments on a rate that low.
and a minor correction: we’ve bought three new cars at that rate, not two, over a 17 year span. two toyotas and one subaru

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08-24-2021 , 11:27 PM

#40

razorbacker

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Generally speaking you are giving up a cash rebate by taking the low finance rate on a new vehicle.

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08-24-2021 , 11:35 PM

#41

Dr. Meh

veteran

Join Date: Aug 2013 Posts: 3,351

Quote:

Originally Posted by REDeYeS00

I wonder if by “financing” he meant leasing? Otherwise, I don’t know why he would think a negligible interest rate is a terrible financial mistake.

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08-25-2021 , 01:27 AM

#42

Melkerson

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Well he did write, "If you can't write a check for the car", so that could be interpreted as follows:

-If you can write a check for the car, then financing it is OK
-If you can't write a check for the car, then you shouldn't buy it, even if you qualify for financing.

That's not too terrible, imo.

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08-25-2021 , 11:16 AM

#43

MSchu18

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I tend to keep my cars for a decade or LONGER... I try and get the most use out of it as possible before buying something new.

I did, however, try leasing this last period for the wife... I was painless and streamlined, but ultimately a bad investment.

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08-25-2021 , 11:27 AM

#44

Punker

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Quote:

Originally Posted by MSchu18

I did, however, try leasing this last period for the wife... I was painless and streamlined, but ultimately a bad investment.

the wife or the car

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08-25-2021 , 11:30 AM

#45

Didace

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You know the old saying - If it flies, floats, or ****s; lease it!

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08-25-2021 , 11:35 AM

#46

dmatz327

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Join Date: Jul 2013 Posts: 2,836

Quote:

Originally Posted by razorbacker

This is the wrong time to be buying a new car. Most are going above sticker price. You have right idea in general about not having a payment and driving it until the wheels fall off.

Wrong time to buy any car, used market is wild right now too. I think the play is sell the 2017, it will never be worth more, and ride it out with the 07 for 12-18 months unless OP really needs the two cars. 07 is also likely never worth more than now.

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08-25-2021 , 08:51 PM

#47

REDeYeS00

always sloppy

Join Date: Jun 2004 Posts: 22,784

Quote:

Originally Posted by razorbacker

Generally speaking you are giving up a cash rebate by taking the low finance rate on a new vehicle.

a cash rebate when you sign up for what? show the math to convince me.

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08-25-2021 , 09:09 PM

#48

Dr. Meh

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Join Date: Aug 2013 Posts: 3,351

Quote:

Originally Posted by dmatz327

Unfortunately, we need both. The 2017 is significantly bigger and safer for our kids, too.

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08-25-2021 , 09:19 PM

#49

Tom Ames

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Quote:

Originally Posted by REDeYeS00

a cash rebate when you sign up for what? show the math to convince me.

When my wife bought her current car a couple of years ago she was given a choice of a mfr rebate or 0% for 7 years.

She took the 0% and got the rebate also. No idea if this was a dealership error or standard. Don't know if the reverse would have worked as well.

I never saw a salesman as mad as this ******* when she declined the extended warranty pitch. I laughed all the way home. Still giggle about it occasionally.