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tofu1413 07-13-2023 08:00 AM

Quote:

Originally Posted by 68style (Post 9103780)
I think things are starting to falter a bit... I'm on a few chats of more expensive cars and you're starting to see a lot of dealers shop around cars that people ordered but now turned them down when they came in.

Nobody wants to or should afford 7% finance rates on a car.

I know my buddy bought a GT3 a few months back for $375k and now I am seeing GT3's the same as his selling for $325k... still massively expensive, but that's a pretty big drop. And no I have NOT mentioned it to him because I don't want to wipe the smile off his face lol

market is sinking weekly right now.

992 GT3 owners that paid over MSRP last summer (at its peak) is eating a dick on depreciation as we speak at a rate of almost 100k since 12 months ago (GT3). Its bricked alot.

Current automotive lending rates are 10% give or take on non subvented rates.

noclue 07-13-2023 08:51 AM

Do you think the fed + provincial luxury taxes on cars nowadays have slowed the depreciation curve compared to before?

snowball 07-13-2023 11:10 AM

Quote:

Originally Posted by 68style (Post 9103780)
I think things are starting to falter a bit... I'm on a few chats of more expensive cars and you're starting to see a lot of dealers shop around cars that people ordered but now turned them down when they came in.

Nobody wants to or should afford 7% finance rates on a car.

I know my buddy bought a GT3 a few months back for $375k and now I am seeing GT3's the same as his selling for $325k... still massively expensive, but that's a pretty big drop. And no I have NOT mentioned it to him because I don't want to wipe the smile off his face lol

Gone are the days the dealership was begging me to take 0% financing (this was 2016) :lawl:

quasi 07-13-2023 11:59 AM

Quote:

Originally Posted by radeonboy (Post 9103739)
So...who wants to "OWN A PIECE OF HISTORY":

https://www.facebook.com/marketplace...2977715420589/

Oh baby jebus in the manger, that thing is hideous from the back, might as well toss a shopping cart handle on the trunk lid and complete the look.

trollface 07-13-2023 12:52 PM

I want to know who the hell is financing 50-60k cars at 7%. Everyone is driving around in a new 50-60k car these days.

Badhobz 07-13-2023 03:25 PM

Quote:

Originally Posted by 68style (Post 9103780)
I think things are starting to falter a bit... I'm on a few chats of more expensive cars and you're starting to see a lot of dealers shop around cars that people ordered but now turned them down when they came in.

Nobody wants to or should afford 7% finance rates on a car.

I know my buddy bought a GT3 a few months back for $375k and now I am seeing GT3's the same as his selling for $325k... still massively expensive, but that's a pretty big drop. And no I have NOT mentioned it to him because I don't want to wipe the smile off his face lol

Do it !! He’s rich. He can handle it. Go buy another you rich motherfucker. Fuck yo couch

BIC_BAWS 07-13-2023 04:41 PM

Quote:

Originally Posted by trollface (Post 9103836)
I want to know who the hell is financing 50-60k cars at 7%. Everyone is driving around in a new 50-60k car these days.

A CRV black edition (just trim lol) is like 70K. A Sequoia is like a 100K "truck"... Crazy.

Sent from my SM-G781W using Tapatalk

teggy604 07-13-2023 05:08 PM

Its okay. Vancouver people are rich lol. Now vehicle pricing falls in line with housing prices. What is next?

Badhobz 07-13-2023 05:19 PM

I’m just thinking gen z kids are screwed. Covid fucked their education and homes are forever out of reach (pretty sure the last generation to be able to do this was/is the millennials) but now they won’t even be able to afford new cars.

Good luck children !

bcuzracecarz 07-13-2023 05:26 PM

Quote:

Originally Posted by trollface (Post 9103836)
I want to know who the hell is financing 50-60k cars at 7%. Everyone is driving around in a new 50-60k car these days.

Everyone, not to mention you can basically finance anything for 7-8-9 years now. People done give a shit as long as their payment is something they think they can afford.

EvoFire 07-13-2023 07:28 PM

Quote:

Originally Posted by BIC_BAWS (Post 9103856)
A CRV black edition (just trim lol) is like 70K. A Sequoia is like a 100K "truck"... Crazy.

Sent from my SM-G781W using Tapatalk

It gets me that the luxury tax surcharge in BC starts at 55k. It's been 55k since I started looking at 2006 IS350 when the 2GR-FSE came out. Back then you can get a loaded 3 series/IS350 out the door under the luxury tax.

You can't even get a minivan with select options out the door without hitting the threshold. I guess it's a luxury to buy a new car. Screw those parents who needs a van.

Manic! 07-13-2023 07:36 PM

Messaged the guy about the Acura offering my GRC as trade bait.

Quote:

Awesome! Due to extremely high interest we are talking with interested parties by appointment in person. We are located at 20257 Langley Bypass. When would work best for you to pop by with your trade?
Told him I was in Nanaimo and asked for a price.

Quote:

We are selling at MSRP plus accessories and warranty. The vehicle is going to whoever's build makes the most sense for us.
Asked again for the price and what my trade in would be worth. Did not get a reply.

underscore 07-13-2023 10:35 PM

Quote:

Originally Posted by bcuzracecarz (Post 9103866)
Everyone, not to mention you can basically finance anything for 7-8-9 years now. People done give a shit as long as their payment is something they think they can afford.

Even then I don't get how people make the payments. The most base model Odyssey I could spec, stretched over 7 years is still $815/mo. The Sequoia (which for some reason starts at the TRD Off Road?) is $1390/mo.

trollface 07-14-2023 04:51 AM

Interesting thought isent it.

teggy604 07-14-2023 12:19 PM

Quote:

Originally Posted by Badhobz (Post 9103864)
I’m just thinking gen z kids are screwed. Covid fucked their education and homes are forever out of reach (pretty sure the last generation to be able to do this was/is the millennials) but now they won’t even be able to afford new cars.

Good luck children !

Last Gen to buy a home was millennial for sure. Most my friends have only 1 kid. Maybe 2 max.

Newer generations spend money like water. So good luck to them indeed.

twitchyzero 07-14-2023 12:53 PM

i think the pandemic made people realize to live a little, even in workaholic societies taking weekend trips are up considerably

i can see why it's not motivating to save if ownership is out of reach anyways

trollface 07-14-2023 02:11 PM

I see the books at work and here is our parking lot:

- M4 Comp (about 90k)
- The last gen STI
- Cayman
- Merc SUV X 2
- 2021 3 Series
- 2021 A5 S line
- Rav 4 Prime

Interesting.

JDMDreams 07-14-2023 02:14 PM

So do they live in their basement at home? Or do they own?:lawl:

JDMDreams 07-14-2023 02:15 PM

Why not golf r:troll::troll::troll::joy:

trollface 07-14-2023 02:19 PM

No one owns jack.

68style 07-14-2023 02:37 PM

Quote:

Originally Posted by trollface (Post 9103944)
I see the books at work and here is our parking lot:

- M4 Comp (about 90k)
- The last gen STI
- Cayman
- Merc SUV X 2
- 2021 3 Series
- 2021 A5 S line
- Rav 4 Prime

Interesting.

Wendys parking lot has some pimpass rides, frostie sales through the roof!

JDMDreams 07-14-2023 03:45 PM

I have been spending more money at Wendy's than mcd ,the buddy girls must be making big bucks by always shorting items in my order.

trollface 07-14-2023 08:02 PM

Dave's double is pretty litt

tofu1413 07-15-2023 09:39 AM

NGL, gonna go try that new Frostie Float.

AzNightmare 07-16-2023 11:37 PM

Quote:

Originally Posted by twitchyzero (Post 9103939)
i think the pandemic made people realize to live a little, even in workaholic societies taking weekend trips are up considerably

i can see why it's not motivating to save if ownership is out of reach anyways

Most people would choose cars over saving up in their 20's. If you weren't saving in your 20's, it's too late to start in your 30's with the way things are now. But some people are still choosing cars in their 30's, just more expensive ones than they did in their 20's.


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