Cars & Bikes, Driving & Riding

Postby **NTP66** » Thu Oct 14, 2021 8:00 pm

It looks like a washboard.

Postby **faftorial** » Thu Oct 14, 2021 8:05 pm

It ain't much better:

Postby **mac5155** » Fri Oct 15, 2021 9:46 am

Is there a way to make your HD radio work better? Mine always seems to buffer and when it's non HD it is barely intelligible. Or is it just a matter of where I live?

Postby **NTP66** » Sun Oct 17, 2021 5:14 pm

@AuthorTony

Postby **AuthorTony** » Sun Oct 17, 2021 5:17 pm

"Market adjustments."

Postby **faftorial** » Sun Oct 17, 2021 5:22 pm

The $53K is bad enough...

Postby **NTP66** » Sun Oct 17, 2021 5:50 pm

Market adjustments can **** right off in general. In the comments section from that post, somebody noted that the adjustment for the 2021 AMG G63 is $80k.

Postby **dodint** » Sun Oct 17, 2021 5:55 pm

Bringing it to $220k.

Postby **NTP66** » Sun Oct 17, 2021 6:04 pm

Bringing it to $220k.

Trying to find the link, but this one was around $330k (over $6k/mo payment).

Nevermind, I’m tired - it was in fact $227k. Still mind boggling.

Postby **dodint** » Sun Oct 17, 2021 6:28 pm

Yeah, I saw it on Reddit in its own post.

Postby **NTP66** » Sun Oct 17, 2021 6:35 pm

Same. Thought it was in the comments of that Bronco thread, then I saw it again. Insanity.

Postby **mac5155** » Sun Oct 17, 2021 7:59 pm

Seriously, who's paying the prices for these market adjustments?

Postby **dodint** » Sun Oct 17, 2021 8:15 pm

Remember the subprime mortgage fiasco? They are doing it with cars, now. Basically no credit history, income verification, or LTV thresholds being enforced if you go to the right lender.

So, to answer your question, anyone with a pulse.

Postby **Shyster** » Sun Oct 17, 2021 9:11 pm

High demand plus limited supply equals higher prices. Nothing wrong with that. But personally, there's no way in heck I'm paying above sticker for a car that will be in common supply in a year or so, and that goes especially for a car in its first year of production.

Postby **faftorial** » Sun Oct 17, 2021 9:38 pm

I feel for those who have no choice but to buy now.

Postby **RonnieFranchise** » Mon Oct 18, 2021 9:16 am

Saw a car ad on one of the Canadian Center Ice broadcasts that included a 3.9% interest rate for 96 month financing. I mean... we're getting into mortgage territory here. How you gonna feel still paying $600 a month in 2028 on a 7 year old car with 80,000+ miles on it and 4-figure resale value?

I guess the assumption is you're gonna trade it back in before that but I don't know what I'm gonna be doing in 8 years, do you?

Postby **dodint** » Mon Oct 18, 2021 9:18 am

I had a dealer try to sell me an 8-year-old Dodge Charger SRT-8 on a 72-month loan. This was for a $20k car. His line of reasoning was that I won't keep the car that long anyway so don't worry about the price.

They know you'll get fed up with the car and trade it in while upside down, transferring that cost to your next loan via trade. See above about LTV, etc.

Postby **Morkle** » Mon Oct 18, 2021 9:56 am

I feel for those who have no choice but to buy now.

I've said it countless times, I am so thankful we bought our crew cab truck the saturday before the world shut down. I got it for $34Kish out the door, and now I could turn around and re-sell it in the low $40s.

Postby **dodint** » Mon Oct 18, 2021 10:03 am

I thought I was a genius for selling the Delorean in March of 2020. In hindsight, I might've held onto it as the collector market cars have inexplicably shot up as well. At the time the plan was to buy a Viper GTS with that money but the market immediately dried up at the price point I was looking at. Though I didn't overpay for the M6 later that year so I guess it worked out.

Postby **mac5155** » Mon Oct 18, 2021 10:12 am

My most recent vehicle, I took out a 72mo loan. I was skeptical about doing it but the interest rate was the same and I had 13500 in trade in credit. So, I dont think it's the end of the world, and the interest ended up being only like $250-300 more.

Postby **Morkle** » Mon Oct 18, 2021 10:15 am

My most recent vehicle, I took out a 72mo loan. I was skeptical about doing it but the interest rate was the same and I had 13500 in trade in credit. So, I dont think it's the end of the world, and the interest ended up being only like $250-300 more.

I've done a 72mo loan twice, this truck most recently, but I end up paying $200 more a month to pay down the loan within 5 years, that way I can pay more now, and I'm never really under water at any point - plus if I lose my job, I can go back to the 72 month rate, but still have it paid down faster in time with years of paying more.

I typically keep a vehicle beyond 5 years, and with the truck market, I'll run this thing until it can't run anymore and still make money on it most likely.

Postby **dodint** » Mon Oct 18, 2021 10:24 am

Longest I have gone is 60 months. I could afford 36 or 48, but like Morkle I like the flexibility to pay it off early on my own terms in case there is an emergency and cash flow becomes a concern. I've always paid them off early so it has worked out.

I had one loan that was pretty neat. Back when I was in the military. When you made extra payments instead of just reducing the principle they reduced the amount of your next payment. At some point, I was like six months ahead and if something bad happened I wouldn't have had a car payment during that time. I understand why they do that and how it benefits the lender but as a borrower, I'd like all my loans to be that way.
I suppose the happy medium would be a loan that re-amortizes with each extra payment, kind of like a credit card. You still make monthly payments but they're reduced all the way down the line when you make extra payments. Conventional loans are so boring.

Postby **CBear3** » Mon Oct 18, 2021 10:34 am

Longest I have gone is 60 months. I could afford 36 or 48, but like Morkle I like the flexibility to pay it off early on my own terms in case there is an emergency and cash flow becomes a concern. I've always paid them off early so it has worked out.

I had one loan that was pretty neat. Back when I was in the military. When you made extra payments instead of just reducing the principle they reduced the amount of your next payment. At some point, I was like six months ahead and if something bad happened I wouldn't have had a car payment during that time. I understand why they do that and how it benefits the lender but as a borrower, I'd like all my loans to be that way.
I suppose the happy medium would be a loan that re-amortizes with each extra payment, kind of like a credit card. You still make monthly payments but they're reduced all the way down the line when you make extra payments. Conventional loans are so boring.

Our first car loan was like that. It was glorious to receive bills for $10.

Postby **mac5155** » Mon Oct 18, 2021 10:36 am

Yeah, this was a diesel pickup truck that I am confident Will not be worth less than 15k dollars xuntil it physically can't move.

Postby **dodint** » Mon Oct 18, 2021 10:42 am

I don't mean to laugh, but my brother paid $8k for a Ford F-250SD (V10) at an auto auction. Turned out the motor was bad and the body was rusted. He's still convinced it's not a bad deal.

He researched the truck after he got it and it turns out it belong to a snow plow company in WV. Bad luck, that.