New car pricing?

[quasi]

Originally Posted by JDMDreams

Yea it sucks to buy now + interest rate, i think there's gonna be a slow down pretty soon. Unless you're a dumbass I don't see why you would want to finance at 8% or pay cash either given % rate. I think the market is getting pretty tired, most average consumers are getting tapped out. Also $2.05 gas prices. Why not just spend 10k for a beater for a n driver.

I wouldn't finance especially at that rate, I figured that the high interest rates might put downward pressure on the prices but haven't seen it.

[Badhobz]

Originally Posted by MarkyMark

The type to have a 25 year old daughter?

no, shes a old sad lady who's all alone (never got married, always wanted kids, but boat's sailed on that one...)

Pretty ostracized by the rest of the work group too because they are all 25-35 year old cunts who think shes old fashion and sad.

shes super nice, i dont know why they all hate her. Anyways i dont mind helping this lady.

[Hakkaboy]

Originally Posted by Badhobz

I did this same exercise with a co worker recently. She wanted a new car, she was looking at econoboxes and ran into the issues you said above. Most dealerships either has limited or no inventory (still) and they want you to pay over asking.

Ultimately when we did the math, the tesla was just a cheaper purchase.
The Model Y can be delivered this month, no games, no dealer bs. Just need to make sure you can find somebody who can qualify you for the rebates and it works out to be about the same if not cheaper than a ratrolla or a civic.





P.s. Fuck you Honda and your 32k base model Civic.

I still dislike Tesla's immensely but the value proposition is the best in the market right now.

I've never leased a car before, but isn't there some sort of equity on non-Telsa leases where you could either purchase the car at end of the lease (or even some positive equity on trade ins) that you won't get on a Telsa as that's purely a rental without any buy out possible?

That and people still drive 20k/year?

Gotta admit though, the way they layered in the "gas savings" is a great marketing trick.

[trollface]

Strech out the gas savings long enough the car is free.

[inv4zn]

Originally Posted by Hakkaboy

I've never leased a car before, but isn't there some sort of equity on non-Telsa leases where you could either purchase the car at end of the lease (or even some positive equity on trade ins) that you won't get on a Telsa as that's purely a rental without any buy out possible?

That and people still drive 20k/year?

Gotta admit though, the way they layered in the "gas savings" is a great marketing trick.

With conventional leases, the buyout price is listed at the beginning of the loan - this is the manufacturer taking an educated guess as to what your car will be worth at that time.

If the 2023 Civic, in 4 years, has a buyout price of $12,000; but in actuality in 2027 after Covid-III, the car is worth $40K, then you buy the car outright for $12000+tax/fees, and you own a car worth $40K. If it's worth $6k at the time, you just give it back to the dealer.

The "gas savings" shtick Tesla uses bothers me - it's not $499/month, it's $910/month with money you're not spending on gas. It's kinda the same thing, but isn't really. At least now their website actually shows you the $910, before it didn't used to.

[radeonboy]

One thing to keep in mind when factoring in 'gas savings' is that gas consumption can be varied depending on lifestyle changes that affect her driving needs (driving less than anticipated, lifestyle / job changes requiring less travel, going away on vacation etc.)

With the Tesla she'll be stuck paying that $911 lease regardless of how much she uses the car. Furthermore, a lot of those savings evaporate if she's dependent on Supercharging to fill up.

[JDMDreams]

I dunno man gas only goes up I don't ever see it coming back down, assuming 150 liters a month that's already $307.5 a month at $2.05 on an econobox.

+ $450 lease payment that's like 83% of the Tesla already

[donk.]

Originally Posted by inv4zn

The "gas savings" shtick Tesla uses bothers me - it's not $499/month, it's $910/month with money you're not spending on gas.

I was gonna comment on this too, very sleazy.

[Badhobz]

But it’s not 911 either. Cuz you gotta minus the 10k in government incentives. So real price is probably somewhere like 750 or 800 a month. Minus the 200-300 bucks saved on gas.

In the case of my old bat at work, she drives from mission everyday. I’m sure she’ll save money. She can charge at home.

[J____]

so... how hard would it be to buy a rubicon unlimited for msrp atm?

[AstulzerRZD]

Originally Posted by J____

so... how hard would it be to buy a rubicon unlimited for msrp atm?

Shouldn't be hard. 4XE are going for some pretty strong discounts.
Gladiator body have been discounting since last year

[dark0821]

I guess you are trying to get a Plug-in or hybrid?

We have been selling what we have in stock for MSRP + doc fee basically...and we dont care if you cash, finance or lease

take the final number (including tax) from the official Hyundai Canada website, and our final price falls within $700 ish of that number... which is pretty close to ($599 + tax)...

Having said that.... our new inventory are still like 10 to 14 cars over a 12 car product line.... so avg less than 1 car per model lmao... or it can be our Elantra, no inventory regardless of color or trim for like 2 month at a time... and when like 2 or 3 allocations do show up, they sell under 10 minutes lolol

[Edison_Chen]

Originally Posted by Badhobz

you bought that beluga headed RX!? how is it so far?

From what ive read these are the issues so far on clublexus:
- electronic door lock/handle freezes during the winter and you cant open the door. Apparently the moisture gets in there and freezes
- the gas cap cover panel is misaligned on like 50% of these due to fit and finish issues
- the user interface occasionally crashes and that heads up display steering wheel controller is frustrating a lot of people cuz it doesn't always work when you press it.

The gas cap cover panel on mine looks good. It's definitely not like another member on CL. Maybe they have an early production vehicle.

I haven't driven it very much, but the I dont find the head-ups display with the steering wheel button problematic; doesn't bother me very much. Initially it was weird, as most vehicles use regular buttons in those places, but after a few days, it doesn't bother me at all.

[Badhobz]

I’m seeing these new RX s all over Richmond now. Even saw one in that bronze colour. Not bad. LC for 2024 also available in that bronze

[red kryptonite]

its never going to be a great time to buy a new car anytime soon for the reasons stated above... and dont forget tax on $50k-ish+ is now 15%... wasnt stoked to find that out on delivery day.

[radeonboy]

Originally Posted by Badhobz

I’m seeing these new RX s all over Richmond now. Even saw one in that bronze colour. Not bad. LC for 2024 also available in that bronze

I wasn't too warm on the Beluga RXs in the beginning, but they're starting to grow on me now that I see more of them around town. Is it just me or do they look smaller than the outgoing generation?

Also found out my parents ordered a RZ in that new bronze color which for some reason they don't offer for the model in North America. Quite interested to see what that'll look like when I visit them.

[Badhobz]

yeah i think youre right, it does look smaller. especially from the rear 1/4 view for some reason.

Its growing on me too, its not as hideous in person as in the pictures. Though im not a fan of the new interior at all. that tacked on tablet integration looks cheap.

[68style]

That bronze colour looks like baby ate too much apple sauce to me

[spacemanrick]

Originally Posted by radeonboy

I had no problems picking up my WRX at the Subaru in Coquitlam for MSRP + doc fee (what was quoted on the Subaru website). Sales didn't care how I structured the deal and the finance lady was the most chill F&I person I've ever worked with. She straight up said "you're probably not even going to keep this car for the warranty term so don't even bother with the extended warranty options". I wanted to buy a prepaid maintenance package but she said "lol no Subaru doesn't do that".

Definitely shop around - my first attempt was at Subaru on Marine and they were lowballing my trade + tacking on mandatory accessories. What are you looking to buy?

I am looking for a 2024 Subaru Crosstrek for a family member. Do you mind telling me which salesman you dealt with at Coquitlam Subaru? I am also happy to let him know you referred me to him if you want to let me know your name....

Thanks, Richard

[JDMDreams]

Damn my friend just got into a car accident, air bags blown so I'm guessing it's most likely gonna be a write off. Wondering what car he will get next.

[lowside67]

It's been 10 months since I bought my Durango, which admittedly is a very different animal than a Corolla, but I found a WILDLY varying experience. There was a $2k incentive directly from Dodge and every dealer in the country practically except my dealer 6 blocks away was aware and willing to honour it, so MSRP - $2k. The local guys literally tried to make up some sob story which was complete shit about how they had to "pay over msrp" and therefore needed to not offer it.

I ended up negotiating a bit and I got my Durango for $2k discount, $2k rebate, and a strong trade value. But it took a week and visiting 4 dealerships and generally negotiating hard against each other plus knowing exactly what I wanted, the price of it, and availability.

I think there is room to negotiate these days, but you have to cast a wide net.

-Mark

[Eff-1]

It's always going to be make/model dependent. Domestic cars have never had a very high demand in this market and dealers have a hard time moving stock. Except perhaps for pickup trucks.

Toyota/Hyundai/Tesla on the other hand, it's near impossible.

Anyways, here's a CBC article on this subject. This economist who studies the car industry basically said:

According to Young, the average price of a Canadian passenger vehicle is just over $45,000 right now. That figure is up by 30 per cent since 2019, "but it would be misleading to suggest that all car prices skyrocketed in the pandemic," she said in an interview.

"A big part it was auto makers dedicating their limited supply of components into their most profitable vehicles."

"Energy and material prices are flat now but way up since 2019," she said. "Friendshoring and rejigging supply chains cost them. If you look at [all these factors] you see the legitimacy of why a car should cost more now."

"I understand that prices go up and I understand that COVID affected things," she said. "I believe some of it but I think the dealerships are driving up rates and enjoying it because they can charge whatever they want — they say this is how much it is, and you say 'yes please' and wonder if you're going to get kicked again."

[trollface]

That's because it's a Durango.

They prob didn't even know they had one in the back next to the Mitsubishi Mirage and RVR.

[quasi]

Originally Posted by Eff-1

It's always going to be make/model dependent. Domestic cars have never had a very high demand in this market and dealers have a hard time moving stock. Except perhaps for pickup trucks.

Toyota/Hyundai/Tesla on the other hand, it's near impossible.

Anyways, here's a CBC article on this subject. This economist who studies the car industry basically said:

According to Young, the average price of a Canadian passenger vehicle is just over $45,000 right now. That figure is up by 30 per cent since 2019, "but it would be misleading to suggest that all car prices skyrocketed in the pandemic," she said in an interview.

"A big part it was auto makers dedicating their limited supply of components into their most profitable vehicles."

"Energy and material prices are flat now but way up since 2019," she said. "Friendshoring and rejigging supply chains cost them. If you look at [all these factors] you see the legitimacy of why a car should cost more now."

"I understand that prices go up and I understand that COVID affected things," she said. "I believe some of it but I think the dealerships are driving up rates and enjoying it because they can charge whatever they want — they say this is how much it is, and you say 'yes please' and wonder if you're going to get kicked again."

My issue isn't so much with prices going up over the last few years, it's what I'm assuming is the lack of supply that is driving some vehicles way past MSRP. I think you nailed it a bit, it's certain manufacturers that are having worse stock issues than others and they are charging huge for those vehicles.

If I can buy a car at MSRP plus taxes and dealer fees I'm fine with that. I just really expected with interest rates at what they are at it would put downward pressure on the above scenario happening but I haven't really seen it with some manufacturers. I guess it's just a simple supply/demand issue so the real question is will the supply ever catch up to the demand again or will they prevent that from happening regardless of ability to make that happen.

I seen a 3 year old car today with 20K on it where if available new for the same model with the same options the MSRP on the new one is 15% less than what they are asking for the 3 year old used one. That's the shit I'm referring to.

[Badhobz]

Dont forget the all mighty eclipse cross.