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      05-23-2021, 10:47 AM   #1
tom2021
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The time to buy cars is now

Inflation is looming. Interest rate will climb very soon.

So, the time to buy cars is now.
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      05-23-2021, 10:53 AM   #2
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If you want all of the options—or even all of the standard equipment—you may have already missed that window of opportunity!

And if you're looking for a stick-shift M3, just forget about it for now.
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      05-23-2021, 11:02 AM   #3
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Originally Posted by BMWCCA1 View Post
If you want all of the options—or even all of the standard equipment—you may have already missed that window of opportunity!

And if you're looking for a stick-shift M3, just forget about it for now.
Not I, my G29 should be on a ship in a few days for a June delivery.
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      05-23-2021, 11:05 AM   #4
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The time to buy a car was last year.
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      05-23-2021, 11:24 AM   #5
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Decision to buy a car - new or used - has so many personal dependencies that there isn't a perfect time to buy a car. Someone with a newborn child will be looking for a larger vehicle. The debate of minivan vs SUV vs station wagon (touring) cannot even be predicted considering strong opinions about each option.

The more practical perspective: should the current vehicle be kept longer.
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      05-23-2021, 11:33 AM   #6
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Quote:
Originally Posted by cfm56d7b View Post
Decision to buy a car - new or used - has so many personal dependencies that there isn't a perfect time to buy a car. Someone with a newborn child will be looking for a larger vehicle. The debate of minivan vs SUV vs station wagon (touring) cannot even be predicted considering strong opinions about each option.

The more practical perspective: should the current vehicle be kept longer.
And if getting a vehicle that ends up not being full featured due to the chip issues, is better to lease vs finance- based on what the resale value may be in the future.
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      05-23-2021, 11:51 AM   #7
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And if getting a vehicle that ends up not being full featured due to the chip issues, is better to lease vs finance- based on what the resale value may be in the future.
Leases during inflationary times also get more expensive. The residuals rarely increase at the same rate as capitalized cost. So the lessee winds up paying more for the amount leased.

This scenario is never perfect.

One of my previous US East Coast "how to make moon crater size pot holes be irrelevant" cars some time ago was Toyota 4Runner. It would still be on the road if I hadn't sold it to a 4Runner enthusiast.
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      05-23-2021, 12:55 PM   #8
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LOL maybe so but good luck finding one! The more popular models like the X-3 and X5's have disappeared around here (DFW) Especially the non base models optioned up.
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      05-23-2021, 01:15 PM   #9
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The time to buy ICE cars is now.
Pretty soon, the only place you will see them is in a museum.
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      05-23-2021, 01:35 PM   #10
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The time to buy used cars is definitely not right now...pricing is absolutely insane right now. Definitely a seller’s market.
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      05-23-2021, 02:13 PM   #11
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Originally Posted by TAZ007 View Post
Not I, my G29 should be on a ship in a few days for a June delivery.
Like I said, try getting one now!

Just got in the last of my M2 stick orders. Delivered one and the other is about to dock. Can't get an M3 base allocation for the three stick orders I have. Meanwhile a stick M4 sits on the showroom floor, unsold.
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      05-23-2021, 02:16 PM   #12
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Originally Posted by Foggins View Post
The time to buy used cars is definitely not right now...pricing is absolutely insane right now. Definitely a seller’s market.
The likes of Carvana and Vroom over-paying to grab market share and squeeze out their competition hasn't helped. They seem to pay retail and sell at virtually no profit.
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      05-23-2021, 03:00 PM   #13
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Quote:
Originally Posted by cfm56d7b View Post
Decision to buy a car - new or used - has so many personal dependencies that there isn't a perfect time to buy a car. Someone with a newborn child will be looking for a larger vehicle. The debate of minivan vs SUV vs station wagon (touring) cannot even be predicted considering strong opinions about each option.

The more practical perspective: should the current vehicle be kept longer.
Not always true. My wife’s TJ wrangler she bought new in 2000 has sufficed and I got a E82 128 for the kid hauler when not in the wrangler. Granted before having the kiddo we just had the wrangler and the E85 so had to have 2 cars with a back seat. We leased a 07 wrangler and hated it so the E82 replaced the wrangler unlimited 4 door. We got some laughs but the easiest way to put a rear facing infant car seat in was loading it from the back of the tj wrangler rather than fighting through or around a seat from the side door.
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      05-23-2021, 03:18 PM   #14
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Quote:
Originally Posted by tom2021 View Post
Inflation is looming. Interest rate will climb very soon.

So, the time to buy cars is now.
LOL, you are being sarcastic, I hope. Actually, it is the exact opposite. The time to sell is now. Inventory sucks so time to buy is not now. Prices have appreciated between 10%-50% in the used market depending on the vehicle! Used cars are supposed to depreciate, not appreciate. It is NO big deal if rates go up 1-2% compared to the rate of appreciation and poor inventory.

You must work for a car dealership.
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      05-23-2021, 05:15 PM   #15
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Originally Posted by BMWCCA1 View Post
Like I said, try getting one now!

Just got in the last of my M2 stick orders. Delivered one and the other is about to dock. Can't get an M3 base allocation for the three stick orders I have. Meanwhile a stick M4 sits on the showroom floor, unsold.
I can understand that. August is coming up and Europe is getting set to go on vacation. Maybe they'll start issuing 2022 MY allocations in July.
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      05-23-2021, 05:23 PM   #16
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Quote:
Originally Posted by thebmw View Post
LOL, you are being sarcastic, I hope. Actually, it is the exact opposite. The time to sell is now. Inventory sucks so time to buy is not now. Prices have appreciated between 10%-50% in the used market depending on the vehicle! Used cars are supposed to depreciate, not appreciate. It is NO big deal if rates go up 1-2% compared to the rate of appreciation and poor inventory.

You must work for a car dealership.
A friend of mine who has his Cayenne lease coming to an end called (not even showed up at the place) one RAM dealer and they wanted $30k markup for a TRX they had on the fukin lot.

Another guy said he had Model Y (that i hate personally) on order and was told to expect delivery in Q2 2022.

To your point, even if you want a car - soon you won’t be able to get one. So selling only. ;-)
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      05-23-2021, 08:58 PM   #17
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its a tough call. nobody can predict the top or the bottom. there's a chip shortage. inflation. markets are in a whirlwind.

plenty of people here say its dumb to buy anything over msrp. I bought my gt3 used at 3k over msrp. now i can sell it for 30-35k over msrp.

i think you just want "a car" its best to wait. there will always be EVs that get better every year. there will always be SUVs. But if you want a drivers car... you should probably just pony up the money and buy now before it gets out of reach.
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      05-24-2021, 11:14 AM   #18
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Quote:
Originally Posted by Humdizzle View Post
its a tough call. nobody can predict the top or the bottom. there's a chip shortage. inflation. markets are in a whirlwind.

plenty of people here say its dumb to buy anything over msrp. I bought my gt3 used at 3k over msrp. now i can sell it for 30-35k over msrp.

i think you just want "a car" its best to wait. there will always be EVs that get better every year. there will always be SUVs. But if you want a drivers car... you should probably just pony up the money and buy now before it gets out of reach.
I think it's one thing to buy a desirable/limited car over MSRP, especially the ones that will not be made for much longer (ie ICE and/or manual). It's a completely different story when people are paying over MSRP for a Kia Telluride. At least you have a chance that the car will appreciate.

For what it's worth, I sold my truck for almost $4k more than what I paid for it with 14k more miles. I'm happy with the deal.
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      05-24-2021, 11:16 AM   #19
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Quote:
Originally Posted by ..Rush.. View Post
The time to buy ICE cars is now.
Pretty soon, the only place you will see them is in a museum.
Or at my house
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      05-24-2021, 02:02 PM   #20
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Unless you really REALLY need a car, now is most certainly *not* the time.

However, if you have an extra one sitting around, now is a great time to sell one.
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      05-24-2021, 02:44 PM   #21
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I'm just glad I bought mine at the end of January when I did. Sales were up, but inventory was still good and the markups hadn't started yet.

My last car started having problems at 115k miles and I had been on the fence as to whether to keep fixing it or just get a new one. You can guess which side I landed on...and boy am I glad I did, otherwise I'd be on the 'just fix it' wagon indefinitely.
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      05-24-2021, 03:41 PM   #22
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I'm debating selling my F30 and buying a beater for now until the market gets an influx of used repo's from people buying cars thinking they can afford them at the current rates with the stim $$$, only to realize they cant.
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