| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
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07-13-2023, 08:00 AM
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#376 | | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
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Originally Posted by 68style  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.
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- The Drinker of Many Many Coffees @ McLaren Vancouver
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07-13-2023, 08:51 AM
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#377 | | I bringith the lowerballerith
Join Date: Nov 2012 Location: YVR
Posts: 1,106
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Do you think the fed + provincial luxury taxes on cars nowadays have slowed the depreciation curve compared to before?
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07-13-2023, 11:10 AM
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#378 | | Rs has made me the man i am today!
Join Date: Jan 2005 Location: North Vancouver
Posts: 3,150
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| Quote:
Originally Posted by 68style 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)  | |
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07-13-2023, 11:59 AM
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#379 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,613
Thanked 3,853 Times in 1,367 Posts
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Originally Posted by radeonboy | 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.
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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07-13-2023, 12:52 PM
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#380 | | Rs has made me the man i am today!
Join Date: Oct 2011 Location: Richmond
Posts: 3,099
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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.
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07-13-2023, 03:25 PM
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#381 | | Willing to sell body for a few minutes on RS
Join Date: Oct 2016 Location: Ricemond
Posts: 11,700
Thanked 13,474 Times in 4,929 Posts
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| Quote:
Originally Posted by 68style 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
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07-13-2023, 04:41 PM
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#382 | | RS has made me the bitter person i am today!
Join Date: Apr 2013 Location: revscene
Posts: 4,798
Thanked 5,284 Times in 1,846 Posts
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Originally Posted by trollface 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.
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07-13-2023, 05:08 PM
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#383 | | Diagonally parked in a parallel universe
Join Date: Dec 2003 Location: 604
Posts: 1,482
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Its okay. Vancouver people are rich lol. Now vehicle pricing falls in line with housing prices. What is next?
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07-13-2023, 05:19 PM
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#384 | | Willing to sell body for a few minutes on RS
Join Date: Oct 2016 Location: Ricemond
Posts: 11,700
Thanked 13,474 Times in 4,929 Posts
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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 !
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07-13-2023, 05:26 PM
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#385 | | I bringith the lowerballerith
Join Date: Jan 2015 Location: Langley
Posts: 1,125
Thanked 2,488 Times in 532 Posts
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Originally Posted by trollface 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.
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07-13-2023, 07:28 PM
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#386 | | OMGWTFBBQ is a common word I say everyday
Join Date: Mar 2006 Location: Vancouver
Posts: 5,130
Thanked 3,811 Times in 1,788 Posts
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Originally Posted by BIC_BAWS 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.
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07-13-2023, 07:36 PM
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#387 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 17,111
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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.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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07-13-2023, 10:35 PM
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#388 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 17,306
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Originally Posted by bcuzracecarz 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.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
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07-14-2023, 04:51 AM
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#389 | | Rs has made me the man i am today!
Join Date: Oct 2011 Location: Richmond
Posts: 3,099
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Interesting thought isent it.
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07-14-2023, 12:19 PM
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#390 | | Diagonally parked in a parallel universe
Join Date: Dec 2003 Location: 604
Posts: 1,482
Thanked 468 Times in 277 Posts
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| Quote:
Originally Posted by Badhobz 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.
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07-14-2023, 12:53 PM
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#391 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,125
Thanked 9,915 Times in 3,934 Posts
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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
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07-14-2023, 02:11 PM
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#392 | | Rs has made me the man i am today!
Join Date: Oct 2011 Location: Richmond
Posts: 3,099
Thanked 4,214 Times in 1,152 Posts
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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.
Last edited by trollface; 07-14-2023 at 02:18 PM.
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07-14-2023, 02:14 PM
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#393 | | HELP ME PLS!!!
Join Date: Apr 2014 Location: Van
Posts: 5,841
Thanked 2,422 Times in 1,307 Posts
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So do they live in their basement at home? Or do they own? | |
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07-14-2023, 02:15 PM
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#394 | | HELP ME PLS!!!
Join Date: Apr 2014 Location: Van
Posts: 5,841
Thanked 2,422 Times in 1,307 Posts
Failed 232 Times in 140 Posts
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07-14-2023, 02:19 PM
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#395 | | Rs has made me the man i am today!
Join Date: Oct 2011 Location: Richmond
Posts: 3,099
Thanked 4,214 Times in 1,152 Posts
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No one owns jack.
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07-14-2023, 02:37 PM
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#396 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 18,173
Thanked 19,489 Times in 6,613 Posts
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Originally Posted by trollface 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!
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07-14-2023, 03:45 PM
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#397 | | HELP ME PLS!!!
Join Date: Apr 2014 Location: Van
Posts: 5,841
Thanked 2,422 Times in 1,307 Posts
Failed 232 Times in 140 Posts
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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.
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07-14-2023, 08:02 PM
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#398 | | Rs has made me the man i am today!
Join Date: Oct 2011 Location: Richmond
Posts: 3,099
Thanked 4,214 Times in 1,152 Posts
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Dave's double is pretty litt
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07-15-2023, 09:39 AM
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#399 | | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,767
Thanked 11,841 Times in 3,338 Posts
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NGL, gonna go try that new Frostie Float.
__________________
13' Nissan DBA-R35 GT-R Black Ed - Black met. - "Sophia"
90' Honda EF Civic HB // 04' Honda Pilot Granite
- The Drinker of Many Many Coffees @ McLaren Vancouver
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07-16-2023, 11:37 PM
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#400 | | Banned (ABWS)?
Join Date: Oct 2004 Location: Vancouver
Posts: 19,432
Thanked 4,099 Times in 1,760 Posts
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Originally Posted by twitchyzero 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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