Quote:
Originally Posted by Tvflguy
Yikes. Flippin’ thru the paper today at car ads. Saw the Subaru dealer. USED. Subaru’s with 10-15,000 miles mid $30s to one for $44,000. I choke up seeing ads as these.
Our 5 year old Mercedes with 30K miles will no doubt last our lifetimes. It had better with this crazy market. I’ve heard of many folks selling their 2-3 year old car for more than they bought it for new. It’s NUTS.
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Yes indeed vehicle prices are high. I have been shopping for a new 2022 BMW X5 M50i I plan to order. Best I can do so far is MSRP from two different dealers but they are more distant than I want to go. I ordered my 2017 X5 50i in September 2016 at a nice discount (COSTCO internet price) from a conveniently nearby dealer. At that time they were selling like hotcakes, too. That dealer currently wants $5K over MSRP. Initially they were asking $10K over MSRP.
As I do not really need to buy it until late this year I plan to wait to order until August when I expect interest rates to be much higher and the stock market down further. Hopefully that will bring the demand down and I will be able to get a better price then.