Buy Now or In Spring 2022??

jaabz2016

Hi there. I am looking at leasing or buying a 2022 Hyundai Kona for my daughter who turns 16 in March. Given supply chain constraints and the price of vehicles continuing to rise I was wondering if anyone has a point of view on whether I should buy now if I can get it $1000 under MSRP or take my chances and wait until January/February 2022? Hoping there may be some insiders in the forum that might have a better handle on where the market is trending.

Thanks!
Josh

Michaell

jaabz2016 said:

Hi there. I am looking at leasing or buying a 2022 Hyundai Kona for my daughter who turns 16 in March. Given supply chain constraints and the price of vehicles continuing to rise I was wondering if anyone has a point of view on whether I should buy now if I can get it $1000 under MSRP or take my chances and wait until January/February 2022? Hoping there may be some insiders in the forum that might have a better handle on where the market is trending.

Thanks!
Josh

I'd wait. Why buy/lease a car she can't drive for 5 more months?

jaabz2016

That was my normal thinking but if demand continues to outpace supply then I could be looking at a car that is $2000 more in February 2022 or just not available. That is the reason for my question. Thanks much.

Michaell said:

jaabz2016 said:

Hi there. I am looking at leasing or buying a 2022 Hyundai Kona for my daughter who turns 16 in March. Given supply chain constraints and the price of vehicles continuing to rise I was wondering if anyone has a point of view on whether I should buy now if I can get it $1000 under MSRP or take my chances and wait until January/February 2022? Hoping there may be some insiders in the forum that might have a better handle on where the market is trending.

Thanks!
Josh

I'd wait. Why buy/lease a car she can't drive for 5 more months?

Michaell

jaabz2016 said:

That was my normal thinking but if demand continues to outpace supply then I could be looking at a car that is $2000 more in February 2022 or just not available. That is the reason for my question. Thanks much.

Michaell said:

jaabz2016 said:

Hi there. I am looking at leasing or buying a 2022 Hyundai Kona for my daughter who turns 16 in March. Given supply chain constraints and the price of vehicles continuing to rise I was wondering if anyone has a point of view on whether I should buy now if I can get it $1000 under MSRP or take my chances and wait until January/February 2022? Hoping there may be some insiders in the forum that might have a better handle on where the market is trending.

Thanks!
Josh

I'd wait. Why buy/lease a car she can't drive for 5 more months?

Nobody can predict the future.

If you buy the car now, how much will you spend on purchase/lease/insurance/operating costs until she's able to drive it? $2000? More?

No reason to get into the market for a car you don't need.

thebean

Why buy a 16 year old kid a brand new car? Why not a 3-4 year old car (maybe a Civic or Corolla)? I think there is a 50-50 chance she will have some sort of fender bender, and mess up a brand new car. Plus, insurance is lower on a used car than a new one. It makes little sense to me to spend a lot of money for a new car for a teenager.