Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Chronic Car Buyers Anonymous (Archived)
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2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I'd be embarrassed to have angry eyes on my Jeep.
A couple of cars before that, MMR was 5500 and after it got bid to 4200, they announced "they want 10." hahahahahah! good luck! Trying to recall what it was; I think a decade old Sonata.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
If cars are routinely selling above MMR, that tells me Manheim has to sharpen their pencil.
jmonroe
'18 Legacy Limited with 3.6R (Mrs. j's)
Don't think I'm getting my car. Seller turned down my bid, but no word on what they want.
The dets: 1998 Jeep Grand Cherokee 5.2L Limited with 107k miles from North Carolina. Yeah, a bit odd, but I've always had a soft spot for them, and this looks super clean. Seats were hovered in. One owner. My bid was $3100 (MMR was 2150). That would put me at just under $4k all in after fees and transport. I was willing to go $3500'ish, but nobody bid against me beyond that.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Have you ever kept an eye on a few of the ones that didn’t initially sell? And if you did, how did the sale price compare to MMR?
jmonroe
'18 Legacy Limited with 3.6R (Mrs. j's)
2024 Jeep Grand Cherokee L Limited Velvet Red over Wicker Beige
2024 Audi Q5 Premium Plus Daytona Gray over Beige
2017 BMW X1 Jet Black over Mocha
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
"No sale" is when they are too far apart and will try again at a later date (unless seller takes it back, I guess).
Just rough guesstimate based on what I've watched up to this point, I'd say 40-50% "if sale" 25-35% "no sale" and the remaining are actually sold on the spot.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
If you believe the various YT experts there are fewer bids that meet the seller’s price these days. Many go on phone calls but the seller refuses to budge and the cars keep going round and round at the auction.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
tl;dr: cue Hoovie voice WELCOME to corvette’s garage, the DUMBEST automotive decisions in ALL of Edmunds. And THIS is the CHEAPEST Chevrolet Volt in the greater Louisville area.
…
Long version: Since I’m getting over a recent breakup, I decided to engage in some casual car browsing.
I’ve been curious about going the EV route and thought the all-electric Bolt might be an inexpensive option, since I suspect they are maligned in the used market due to the whole flaming battery debacle, and they qualify for the $4k used EV tax credit. Most seemed to be in the $20k range, which didn’t interest me that much.
Somehow, I also ended up browsing for Volt plug-in hybrids as well and found one with higher mileage that was very attractively priced, even considering the miles. I visited the small dealership on Saturday to take a look, but they had already sent it back to their wholesaler—given the price they had on it, I can only assume they had no additional room for concessions and kicked it to the curb after it had been on their lot for a few weeks. The salesman called the wholesaler and they agreed to bring the car back Monday morning.
I visited again Monday afternoon. Car checks out… typical used car things like a TPMS light on, auto up window that needs to be reindexed, and needs a paint correction for swirl marks in the black paint. One very obvious scratch on a door handle, which I think I can touch up. No smells or odors, and the driving experience is a revelation compared to the Prius. Much more solid and substantial feeling compared to the Prius’ squishy suspension and handling. It's far more responsive in every aspect, especially acceleration.
After some back and forth regarding financing, I ultimately elected to pay with a HELOC check and then pay off the HELOC from my money market fund a few days later. They were not familiar with the clean vehicle tax credit paperwork, so I printed the copy they have to submit to the IRS so we can fill it out together. Who knows whether the document will ever be properly submitted on their side. As with any tax credit, I'll believe it when I see it.
Given that I wasn’t driving the Prius much, this probably doesn’t make any sense, but I think it will be nice to be able to run errands around town using only EV power (sticking it to the man!), plus I’m getting a newer and far more solid vehicle that is more enjoyable to drive, although I will always have fond memories of overtaxing the Prius on the Tail of the Dragon and the Cherohala Skyway.
The Achilles' heel of this version of the Volt seems to be the onboard AC charger, which is limited to 3.6kW at 240 volts (newer model years did offer a faster charger), so it seems to take a minimum of 4.5 hours to recharge a completely depleted battery. In addition, 120v charging is capped at 12 amps, and defaults to 8, so 12+ hours for a full recharge at 120v. The net effect here is that it's not going to be economical to use most public L2 chargers which charge by the hour, because you won't be obtaining their maximum output--most of them are 6.48kW. The free ones and ones that bill by the kWh should be fine. As a consequence, compared to newer PHEVs, you can't deplete the battery, plug in, take an extended lunch and a stroll around the neighborhood, and return to a fully charged vehicle.
I'm sorry for you about your breakup.
Never drive one buy have read. Lot of people really liking them. WafchJRGO has one that he loves.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
@corvette, are you keeping the Prius or no?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks for the info. I didn’t realize there was a merry-go-round effect with cars bought at auction today. So that tells me things aren’t quite back to normal. I guess it works for dealers otherwise they wouldn’t put themselves on that treadmill.
jmonroe
'18 Legacy Limited with 3.6R (Mrs. j's)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Not good to hear about the breakup.
Don’t forget to record the punch for this years tally here at CCBA.
jmonroe
'18 Legacy Limited with 3.6R (Mrs. j's)
'21 Dark Blue/Black Audi A7 PHEV (mine); '22 White/Beige BMW X3 (hers); '20 Estoril Blue/Oyster BMW M240xi 'Vert (Ours, read: hers in 'vert weather; mine during Nor'easters...)
Thanks, guys! It’s a 2018 with 102,000 miles.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
After having the BMW a short time, I knew it wasn’t going to make it through the long haul.
It was fast and handled well. It was pretty. I received more favorable comments from people over the 7 months I owned it than any other car I have owned for quite a while; even my former BMW. It looked somewhat menacing. When cruising on the highway, people in front of you moved over.
It didn’t have adaptive cruise control. Odd for that price point. It didn’t have fog lights because BMW engineers found a way to not need them (or maybe it was the bean counters).
When I opened a door, the radio started playing. I mean even if you just wanted to get your sunglasses. Then, if you didn’t lock it, the radio just kept playing. I don’t know for how long, but an oddity.
Many oddities that could have probably been fixed if I felt like taking the time to dwell on all the menus with iDrive and that little curious button on the end of the turn signal stock, but I didn’t.
I only kept it as long as I did because I couldn’t find anything else I liked until I realized the Subaru Legacy Sport didn’t just have the word “Sport” on the back and a higher price tag because of it.
The Legacy Sport is actually an XT without all the stuff I didn’t want. No ventilated seats which felt like sitting in a puddle of cold water, no navigation since WAZE is as good or better with Android Auto. And things I certainly can do without like power folding side mirrors, rear heated seats, 2 person seat settings since my wife never drives my car. The 180° front camera was nice, but I can do without that. I would have paid for it, but it is not available
The 260 HP, 2.4 liter turbo engine is quick. I was on the same on ramp I checked the BMW on last week and stepped on it. I reached 90 mph when I had to merge. The BMW got to 105. I can live with that. Certainly not slow. 0- 60 is 6.1 seconds. It’s a VCT, but Subaru did an amazing job giving it a shift point feel – 8 of them.
I’m not an audio nut, but the 12 speaker, 576 watt HK system is good. The LED steering responsive headlights are cool.
Not unhappy. No remorse.
2025 Forester Limited, 2024 Subaru Legacy Sport
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
I’m glad you are happy with your Legacy Sport! Sounds like you are enjoying it!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
I’m glad you are happy with your Legacy Sport! Sounds like you are enjoying it!
He probably likes the money in his bank account more, earning 5%...
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Congrats, @corvette, on the new ride. Sorry to hear about your breakup, though.
I should warn you guys. I'm going to move a chunk of money into either Vanguard investments or savings. Haven't decided yet.
When I do that things seem to go south. Almost every time.
2025 Forester Limited, 2024 Subaru Legacy Sport
tl;dr: cue Hoovie voice WELCOME to corvette’s garage, the DUMBEST automotive decisions in ALL of Edmunds. And THIS is the CHEAPEST Chevrolet Volt in the greater Louisville area.
…
Long version: Since I’m getting over a recent breakup, I decided to engage in some casual car browsing.
I’ve been curious about going the EV route and thought the all-electric Bolt might be an inexpensive option, since I suspect they are maligned in the used market due to the whole flaming battery debacle, and they qualify for the $4k used EV tax credit. Most seemed to be in the $20k range, which didn’t interest me that much.
Somehow, I also ended up browsing for Volt plug-in hybrids as well and found one with higher mileage that was very attractively priced, even considering the miles. I visited the small dealership on Saturday to take a look, but they had already sent it back to their wholesaler—given the price they had on it, I can only assume they had no additional room for concessions and kicked it to the curb after it had been on their lot for a few weeks. The salesman called the wholesaler and they agreed to bring the car back Monday morning.
I visited again Monday afternoon. Car checks out… typical used car things like a TPMS light on, auto up window that needs to be reindexed, and needs a paint correction for swirl marks in the black paint. One very obvious scratch on a door handle, which I think I can touch up. No smells or odors, and the driving experience is a revelation compared to the Prius. Much more solid and substantial feeling compared to the Prius’ squishy suspension and handling. It's far more responsive in every aspect, especially acceleration.
After some back and forth regarding financing, I ultimately elected to pay with a HELOC check and then pay off the HELOC from my money market fund a few days later. They were not familiar with the clean vehicle tax credit paperwork, so I printed the copy they have to submit to the IRS so we can fill it out together. Who knows whether the document will ever be properly submitted on their side. As with any tax credit, I'll believe it when I see it.
Given that I wasn’t driving the Prius much, this probably doesn’t make any sense, but I think it will be nice to be able to run errands around town using only EV power (sticking it to the man!), plus I’m getting a newer and far more solid vehicle that is more enjoyable to drive, although I will always have fond memories of overtaxing the Prius on the Tail of the Dragon and the Cherohala Skyway.
The Achilles' heel of this version of the Volt seems to be the onboard AC charger, which is limited to 3.6kW at 240 volts (newer model years did offer a faster charger), so it seems to take a minimum of 4.5 hours to recharge a completely depleted battery. In addition, 120v charging is capped at 12 amps, and defaults to 8, so 12+ hours for a full recharge at 120v. The net effect here is that it's not going to be economical to use most public L2 chargers which charge by the hour, because you won't be obtaining their maximum output--most of them are 6.48kW. The free ones and ones that bill by the kWh should be fine. As a consequence, compared to newer PHEVs, you can't deplete the battery, plug in, take an extended lunch and a stroll around the neighborhood, and return to a fully charged vehicle.
* * * * *
I saw a black Volt yesterday. I don't remember ever seeing one before. Nice looking car.
2025 Forester Limited, 2024 Subaru Legacy Sport
Are there any suspension upgrades to the Sport or is it just the turbo motor and some cosmetics? When I had my 2015 Legacy, I had a thicker anti roll bar installed in the rear that seemed to liven things up in the handling department. It was straight off of an Outback.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman
Regarding this Mustang you are going to buy, are you planning on ordering it or taking delivery from local dealer stock?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
I've got 2 more coming up shortly that could be interesting. A 2006 Titan and a 2005 JGC. Titan is a 5.6 quad cab 4x4. JGC is with the 4.7 v8. Each has less than 90k miles. Titan is coming up first. Hood and roof are oxidized. Both are somewhat poor condition but nothing crazy. JGC is worse of the two, but would be considerably cheaper. Trying to decide how high I'd go on the Titan.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech
Sorry about the bad news but congrats on the interesting vehicle purchase.
The C43 is now paid off; my next goal is to pay off the Sahara before my term ends in January 2025.
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
When I do that things seem to go south. Almost every time.
Don’t worry, Vanguard has been in the toilet for the last two years. Your bad luck couldn’t possibly make it any worse. The only positive side is since I reinvest my dividends I’m buying in a lot cheaper.
I’d be much more concerned if I actually had to live off my investments.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Hoping things go as well as when they repaired mine a couple years back. Was a very good experience actually. Just unacceptable to send folks who can barely speak English to be honest to do work like this. Communication is so important on things like this and using one's cell phone to translate the simplest sentences just doesn't work for me. Luckily, as far as I know, insurance will cover the cost of everything.
It's always something it seems but, think we need a break from anymore automotive issues. Oil started leaking from under the A3 since she got home and the "EPC" light issue needs to be addressed. Have to restart the vehicle to make it go away but when the engine is warmed up, the icon doesn't appear. Very strange really. Am actively trying to convince her that another A3 is just not the answer here but think something Japanese or Korean should be her logical choice for a new vehicle. Like the Kia Forte or Hyundai Elantra as they should be close to the size of the A3. And there's also the CX-30 as for 2024, Mazda is getting rid of that awful infotainment nonsense and replacing it with a more logical set-up. Long overdue to be honest. And think the extra few inches of height might be very welcome for her.
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Nope, not today. I was in at $6k on the titan. Sold for 7900. In at $3k on the JGC. No idea what the result was but exited the auction window at 3800.
Guess I just want the wrong ones. Just 5 vehicles before the JGC was a $9k mmr odyssey that sold for 5200. So deals can be had. Actually saw maybe 25% sell below mmr today. Maybe a sign of things. This was the NJ auction, which I can’t say I frequent. I have a few on the radar in IL tomorrow, so we’ll see if location is making a difference.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I’d be much more concerned if I actually had to live off my investments.
* * *
Ain't that the truth?
2025 Forester Limited, 2024 Subaru Legacy Sport
Nothing that I can see is different. I know about the sway bar modification. It's in the back of my pea brain. I just never thought I needed it.
2025 Forester Limited, 2024 Subaru Legacy Sport
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD