In my opinion it is not the best time to buy a new car. They are still way overpriced. The best thing to do is adhere to the maintenance requirements for your current car. Keep it as long as you can. Cars used to be depreciating assets. No more. They are now depreciating liabilities. A big difference. Think about it.
Exactly so true they are designed for 5-7 years ,the whole idea is to keep you with never ending enslaving car payments. No thanks. We will maintain our paid for vehicles,it's much more practical and way cheaper to insure
If really needed to "buy" a new car. Wouldn't leasing a car be the best since every vehicle seems to be in need of maintenance after 2 years? I don't have a car payment but I feel like if I needed to, I'd rather lease.
Prices are still in excess of 20% overpriced and here in the states, interest rates are well above 6% for buyers with excellent credit. I'm going to continue to pass.
@@markholubetz Yes. I am in the market for a nice used car. I would be absoutely foolish to buy a 2018 - 2023 Honda or toyota. Or even Subaru. They are listed for their *original MSRP* from that year with no warranty and 80k miles. I am looking at a Jetta S manual for just about 20k brand new. What do you think? Your input is appreciated.
About time someone speaks about purchasing luxury cars. No body is talking about buying luxury cars at this point and time. Everyone is talking about Toyota and jeep or Nissan.
I would like to move up in size from compact to midsized. Currently in a 2012 Honda CRV with 83,400+ miles, paid off. Contemplating a Ridgeline or Passport. With insurance costs, inflation, interest, etc. The other part of me, says hold off.
@@markholubetz I'm going to try to. However, I was in a 4 car accident, two years ago, and rear ended by a truck last year. My local mechanic said they found slight frame damage and rust. The mechanic said, we're keeping an eye on it, everything time I come in for service (say every 5,000 miles for oil change) and while I'm ok, for now; but they said; it wouldn't hurt, to do my homework (window shopping, seat in it, and test drives) in the meantime. Yet, I loathe the stealerships.
Just purchased 2 cars in the span of (3) days. We picked up a 2024 fully loaded Mazda Cx-30 turbo premium plus out the door for $26,500 as well as a 2025 Kia K5 GT Line (with the options package) right right at 30,000 - 3K under sticker. We made it out of both dealerships keeping our payments around 400 each We’re planning on turning around in about a week and refinancing with our credit unions for an even lower payment /rate. Dealers are putting ALOT of incentives and marking cars down right now just be ready to negotiate for the price you want
Save your money, maintain your vehicle, maintain, maintain, can't say that enough. Replace your power steering fluid, flush the radiator, do more than just oil changes. Keep your car running another 5 years, then check the market. However, I have a feeling that 1990s vehicles, 4 cylinders, coups and convertibles especially, will substantially increase in value in the coming few years. If you want to buy a cheap car that will sharply appreciate in value, if it were me, I'd be shopping 1990s today. Otherwise, don't throw your money away on a car today. They are still way too expensive.
Wow I had no idea you had more than one channel. I’ve been following your other one for a few weeks now and just stumbled across this one. I’m like, that looks like the Retiree is me guy lol! Anyways, I have been working in the auto industry for 30 years AND have been seriously contemplating retiring (thanks to ‘30 years and out’) so I really appreciate your content. I’m 53 and still sitting on the fence over retirement but this constant volatility in the industry is really starting to get old. Keep up the good work.
It's NOT the right time to buy a vehicle now Mark, in my opinion. The deals will get better, they will have too in order to blow-out all this Inventory which is sitting and experiencing Lot-Rot! I would say wait longer yet, a couple months once all the 2025's have rolled out will get it hotter yet!
I agree with you. It’s really still not a great time and waiting is best. If a person really needs to, then it is better than 2 years ago, but waiting is still best.
I want to wait with you guys but I just don’t know if I’ll be able to find a 24 ram limited spec’d how I want in a few more money there is only a couple hundred left
@@thomasmint1761 I just found a 24 spec'd exactly how I want it. Only downside is its a demo car with 4k miles. OTD 66k, I dont know if I can turn this one down.
So if the vast majority of this video is that it’s still not a great buyer’s market (I agree, I’ve been testing it for 9 months), why is the headline of this video “It’s Time To Buy A New Car”? C’mon man, I know you want eyeballs, but don’t be one of those guys
Don't buy on emotions, best time to buy is when you can pay fully. If borrowing, make very sure if you can afford the monthly payments. 4 or less years max. Interests will ruin you if you miscalculate
I have been looking for some new or newer wheels ,and I went to a Honda dealer and some of the extra costs kind of set me back . 550 Dollars for paper work on used vehicles. And over at Toyota it is 600 dollars. 362.60 for a block heater on new vehicles, 240.90 for all season floor mats, 300 for special paint, but the red color no charge. 150 for two rear mud flaps on a civic ,199 for a trunk tray. 34768.65 for a 2025 LX cvt new civic. 34090.56 for a 2023 civic EX with 37412 KM on it .These prices do include the taxes. Back in 2005 I bought a used Honda civic with 29000 KM on it for 14000.
Well I purchased a 2024 4 runner because now all Toyota is going to 4 cylinder turbos. Tacos and 4 runner. 4 runner is the last of the tanks. 2023 tacos and older are good. Lucky I have both. Only thing that really bothers me is maybe I’m doing it wrong. Maybe just trade and buy new every 5 years. It can’t break down in 5 years or at least I hope not.
Depends a lot on your needs and where you are. I was ready to buy a new car, but I ended up fixing up my current vehicles, so I decided to wait. A friend of mine had a vehicle break last year, wasn’t worth repairing, had to buy a used vehicle. Now he is looking to replace an old truck. Went to a dealer, price way too high, dealer won’t budge on price. Months have passed, truck still there, price still the same. 🤷🏻 It’s pretty much buy a car only if you absolutely have too right now.
Not sure if you caught wind about this or not Mark, but the great grandson of the founder of chrysler sent a 17 page proposal to purchase the american brands out from stellantis to save them. Hope he succeeds but it may be too late. I saw this news from a racer x video. It actually has a clip of the great grandson saying this. As always, thank you for the great videos.
Frank B. Rhodes, Jr., great-grandson to Chrysler founder Walter P. Chrysler, wants to buy his namesake's brand, as well as Dodge, Plymouth, and Mopar, from Stellantis.
Our sedan was 20 years old. A Chrysler Sebring, for goodness sake. I had to get a car. I wanted a hybrid. The Accords are too much plus dealerships still think it 2022. I need one long term that rules out the Sonata. Toyota offered me 10% off MSRP and TFS offered 4.99% I think that was about the best I could do.
Unless they're going to give you 0% APR for at least 60 months don't even waste your time just wait it out the market's gonna crash soon and everything will go to normal
I don't know man I purchased a Nissan frontier Pro 4x for $6,000 under MSRP and I still got the promotional interest rate. Really the proper answer is if you are a super prime credit holder you're going to pay less.....period. if you know you know
My apartment building is 8 doors, 16 parking spots...... 9 are new nissans..... I was wondering what the heck was going on..... mostly military though..... our lancer gts got crashed now renting a 2023 s4 audi.... learned our lesson in 2016 with a a6 audi and repair costs.... cant get a newer lancer for a good price unless its trashed so going wrx maybe..... prices are suppressed market is flooded and I has cash...... such a weird time for used cars....but I am glad its now and not 2 years ago.
Sounds like there was a lot of slack in the market-makes sense to upcharge as much as possible when the opportunity presents itself especially for essential vehicles like trucks. No shame in profit seeking
Still a no go for me based on all of the above reasons. Quoted several new mid to small suv and added a substantial amount to my car insurance. Heel no!
KNOWING that if you HAVE to, you CAN do 200mph. Plus some serious off the line acceleration. Highway merging, getting onto a busy street, 0-30 and 0-60 acceleration is always better with MOAHRRRR. 😇
So many 3 year turn over customers are upside down on their vehicles. They can't trade in. Dealers can't finance them into a new vehicle for 110% + tax value at 9%
Is better wait until the federal bank gets to lower the interest rate. On the other hand, the insurance company needs to offer better deals to consumers.
I just backed out of a deal at the last minute. Dealership not happy. HAHAHAHAHAHAHA Was supposed to pick it up today and went in and cancelled instead. I can't do it with these interest rates. Feel OK, even though I'm stuck in a 2 seater Miata that is killing my back. Going to try and deal with for 6 more months.
I would like to add that don’t buy an EV. The battery tech is changing and going with solid state batteries out of silver. Just wait. Now with cars I don’t think they will ever get cheeper. US shutting down manufacturing and the will just produce less. Look at Toyota raised the prices every year and the used ones hold value. Better off buying new usually, at least with tacos and 4 runners.
Huge auto factories all around the world. Chinese brands building 10 factories in Mexico for US sales. No shortage of cars and prices will drop like a rock.
Frank B. Rhodes, Jr., great-grandson to Chrysler founder Walter P. Chrysler, wants to buy his namesake's brand, as well as Dodge, Plymouth, and Mopar, from Stellantis.
Definitely not the best time yesterday I pass by Honda dealership and they have 2 prices the one from the msrp and the other one from the dealer Honda passport 2024 msrp 44k dealer price after all the crazy stuff that they added 56k that was 12k dollars difference that is crazy and criminal to the middle class working hard people in this country and the government is ok with it
Vehicles are still over priced all though I did find a 2024 Sentra for 22 grand new at a Calgary Nissan. Like I say hold out longer and car dealers will get more desperate and offer up even dumber incentives.
If it weren't for all the overpriced trucks Ford, GM and Stellantis sold the last few years, the money they've flushed down the EV toilet would have already wrecked those companies.
It could be for all the wrong reasons, next year 2025, manufacturers are raising prices on average 20% on all new vehicles. They can't sell so they raise prices far higher 🤡🤡
