Chronic Car Buyers Anonymous

tifighter

roadburner

I think most potential Charger buyers are holding out for the I6 or the rumored return of the V8.

stickguy

once again, the old adage "it's expensive to be poor" comes into play, as used cars are going to jump in price.

explorerx4

The tariffs are going to raise the prices of new and used vehicles, especially those most subject to the tarriffs.

qbrozen

Wife made an odd declaration today. “You are better off getting an electric car and I can take that to work once a week.”

Guess she figures just forget towing with anything but the Sprinter.

stickguy

why not just keep the Sierra around just for towing duty?

jmonroe1

roadburner said:

On the same forum where the 400k mile car acolytes reside I found this recently posted topic:
"Mid life crisis car; Pacifica."
And yes, the guy was serious.

————————————————
Unless you’re raising a family with kids involved in sports and you need the room for sporting gear especially hockey gear for 2 kids, that’s not mid life…that’s end of life.

jmonroe

oldfarmer50

roadburner said:

On the same forum where the 400k mile car acolytes reside I found this recently posted topic:
"Mid life crisis car; Pacifica."
And yes, the guy was serious.

Only if his midlife crisis was driving his grandchildren.🤣

roadburner

jmonroe1 said:

roadburner said:

On the same forum where the 400k mile car acolytes reside I found this recently posted topic:
"Mid life crisis car; Pacifica."
And yes, the guy was serious.

————————————————
Unless you’re raising a family with kids involved in sports and you need the room for sporting gear especially hockey gear for 2 kids, that’s not mid life…that’s end of life.

jmonroe

Nope- he's single.

venture

roadburner said:

On the same forum where the 400k mile car acolytes reside I found this recently posted topic:
"Mid life crisis car; Pacifica."
And yes, the guy was serious.

You need to stop hanging out there.

venture

qbrozen said:

Wife made an odd declaration today. “You are better off getting an electric car and I can take that to work once a week.”

Guess she figures just forget towing with anything but the Sprinter.

Did you ever have someone say something that you don't know how to respond?

You don't know whether to protest, object, or agree so you just remain silent. Walk away and ponder the possibilities.

au1994

@tifighter said:
Well, car shopping to about to get more...interesting. Or become non-existent.

I’d bet on the latter once they kick in.

The local consumer reporter said buy now if you think you might be in the market any time soon.

Very glad both of our leases have 2 ish years left on them.

explorerx4

@qbrozem,
Driving to work 1 day a week is great until it changes.

nyccarguy

@tifighter said:

I like Tacomas going for $5K over MMR!

corvette

roadburner said:

Nope- he's single.

I've probably told this one before, but when I was in undergrad, I started an IT consulting business, and for a while toyed with the idea of trading my very nice Jetta VR6 for a Honda Odyssey because it was a big pain to haul a ladder, tools, and boxes of equipment in the Jetta. I'm glad I didn't, but the Jetta did have to go a couple years later because of reliability issues.

explorerx4

@corvette,
What kind of IT requires a ladder, tools and boxes of equipment?

corvette

@explorerx4 - in my case, full-service installation and maintenance of computers, networks, and other devices. I was up in attics (or moving ceiling tiles) stringing Cat5 cable way more than I wanted to be. Also, I usually had new stuff shipped to my house so I could do 90% of the installing software updates and other configuration done beforehand so that the only real disruption to someone's business was my dropping off the new equipment and plugging it in.

qbrozen

@explorerx4 said:
@qbrozem,
Driving to work 1 day a week is great until it changes.

She drives 3 days. I’d just rather they weren’t ALL in the Volvo.

explorerx4

@qbrozen,
My professional career was in software, so I have a kind of myopic view of IT.
There is a whole infrastucture component which I hadn't really considered.

qbrozen

I think I’ve sold her on the benefits of a smaller diesel in the household. If only I knew someone selling something like… I dunno… a Q5 TDI

kyfdx

qbrozen said:

I think I’ve sold her on the benefits of a smaller diesel in the household. If only I knew someone selling something like… I dunno… a Q5 TDI

They all need windshields or brakes, though. 🤷‍♂️

jmonroe1

roadburner said:

jmonroe1 said:

roadburner said:

On the same forum where the 400k mile car acolytes reside I found this recently posted topic:
"Mid life crisis car; Pacifica."
And yes, the guy was serious.

————————————————
Unless you’re raising a family with kids involved in sports and you need the room for sporting gear especially hockey gear for 2 kids, that’s not mid life…that’s end of life.

jmonroe

Nope- he's single.

————————————————
That’s grounds for being shot or at the very least committed.

Son #1 had 2 vans while raising his 3 sons and I heard him say a few times, “I can’t wait for the day when I don’t see a mini van in my garage.”

jmonroe

explorerx4

3K miles shipping on a Q5 isn't cheap.

qbrozen

@kyfdx said:
They all need windshields or brakes, though. 🤷‍♂️

I can handle that.

qbrozen

@explorerx4 said:
3K miles shipping on a Q5 isn't cheap.

But I’d be given such an amazing friends and family deal that it would work out.

stickguy

jmonroe1 said:

roadburner said:

jmonroe1 said:

roadburner said:

On the same forum where the 400k mile car acolytes reside I found this recently posted topic:
"Mid life crisis car; Pacifica."
And yes, the guy was serious.

————————————————
Unless you’re raising a family with kids involved in sports and you need the room for sporting gear especially hockey gear for 2 kids, that’s not mid life…that’s end of life.

jmonroe

Nope- he's single.

————————————————
That’s grounds for being shot or at the very least committed.

Son #1 had 2 vans while raising his 3 sons and I heard him say a few times, “I can’t wait for the day when I don’t see a mini van in my garage.”

jmonroe

we had 3. got the first one when our 2nd kid was born (my wife always packs heavy). Kept the 3rd until our daughter (the baby) was getting her license and our son was a senior in college. The wife was the one that wanted to get a CUV for a change (and something smaller). I never minded the van. it was really handy for carrying big stuff, and drove just fine, and never embarrassed me to be seen driving it!

nyccarguy

I’m going to ask a question of you guys where there is really no correct answer. My sister has a 2022 GLC 300 lease maturing at the end of May. She’s a widow for 8 years as of yesterday. Lives with my parents and her 2 daughters (13 & 15). She has a judgement against her credit which is a crazy story that ended up with her accidentally putting the incorrect date in her phone and not showing up to court. She has a steady job. Her credit is shot. Her only monthly payment is her car and insurance which she can afford. Problem is that she has no money to put down and because of her credit score won’t qualify for a lease. I’ve been nudging her toward buying something used and financing it.

roadburner

@venture said:
You need to stop hanging out there.

It’s like a train wreck; I can’t help but watch. There are quite a few normal enthusiasts but there are some real odd characters.

28firefighter

@nyccarguy said:
I’m going to ask a question of you guys where there is really no correct answer. My sister has a 2022 GLC 300 lease maturing at the end of May. She’s a widow for 8 years as of yesterday. Lives with my parents and her 2 daughters (13 & 15). She has a judgement against her credit which is a crazy story that ended up with her accidentally putting the incorrect date in her phone and not showing up to court. She has a steady job. Her credit is shot. Her only monthly payment is her car and insurance which she can afford. Problem is that she has no money to put down and because of her credit score won’t qualify for a lease. I’ve been nudging her toward buying something used and financing it.

That’s a rough go and I’m so sorry she is and has had to go through that. Not sure what the question is though? How shot is shot? If she’s in the 600s she should be able to get financed.

There is a chance if she’s had no bad issues with car payments that MB would allow her to take another lease with a hefty down payment. Maybe.

Could try somewhere like Carmax but I’d expect the rate will be brutal and again, they’d want some money down.

28firefighter

@qbrozen I kinda thought that it would be best to let it go wholesale. Friends don’t sell friends broken German cars.

corvette

@nyccarguy - if she has very poor credit, she's kind of at the mercy of the dealers in terms of getting financed (and they're definitely going to mark up the interest rate). Maybe try Nissan or Mitsubishi. Long term, she could also work with a credit union to try to reestablish her credit.

As far as the judgment goes, if it was a default judgment for failing to attend a hearing, or if she wasn't properly served, it might be worth retaining an attorney to try to get it set aside. Can't speak to other states, but in my state, there's a fairly strong preference that court judgments be made on the merits of the matter and not on a technicality.

tifighter

I kinda thought that it would be best to let it go wholesale. Friends don’t sell friends broken German cars.
——————————
Yeah, but if it was on April Fools…

Michaell

nyccarguy said:

I’m going to ask a question of you guys where there is really no correct answer. My sister has a 2022 GLC 300 lease maturing at the end of May. She’s a widow for 8 years as of yesterday. Lives with my parents and her 2 daughters (13 & 15). She has a judgement against her credit which is a crazy story that ended up with her accidentally putting the incorrect date in her phone and not showing up to court. She has a steady job. Her credit is shot. Her only monthly payment is her car and insurance which she can afford. Problem is that she has no money to put down and because of her credit score won’t qualify for a lease. I’ve been nudging her toward buying something used and financing it.

Most lease programs have money factors that increase based on the credit score. But, the increases are pretty steep.

As an example, I happened to have the VW doc open at the moment. The standard MF for tiers 1 & 2 (700 score and up) is .00333.

Tier 3 is .00373
Tier 4 is .00413
Tier 5 is .00453
Tier 6 is .00513
Tier 7 is .00648
Tier 8 is .00738 (credit score of 599 or lower)

Same bumps are true for supported lease rates, as well.

Each make has a different structure. She should be able to get approved for a lease, but she will likely have to adjust her budget accordingly to account for the MF hike, to get a payment she's comfortable with.

oldfarmer50

nyccarguy said:

I’m going to ask a question of you guys where there is really no correct answer. My sister has a 2022 GLC 300 lease maturing at the end of May. She’s a widow for 8 years as of yesterday. Lives with my parents and her 2 daughters (13 & 15). She has a judgement against her credit which is a crazy story that ended up with her accidentally putting the incorrect date in her phone and not showing up to court. She has a steady job. Her credit is shot. Her only monthly payment is her car and insurance which she can afford. Problem is that she has no money to put down and because of her credit score won’t qualify for a lease. I’ve been nudging her toward buying something used and financing it.

Is there any possibility of a family member fronting her a down payment for whatever vehicle she obtains? A GI (generous in-law) loan saved me once or twice. I think a used car is definitely the way to go. Something reliable like a Camry would be a logical choice. If she has a job and few expenses she could pay down any high interest loans fast and then reimburse family.

qbrozen

@nyccarguy said:
I’m going to ask a question of you guys where there is really no correct answer. My sister has a 2022 GLC 300 lease maturing at the end of May. She’s a widow for 8 years as of yesterday. Lives with my parents and her 2 daughters (13 & 15). She has a judgement against her credit which is a crazy story that ended up with her accidentally putting the incorrect date in her phone and not showing up to court. She has a steady job. Her credit is shot. Her only monthly payment is her car and insurance which she can afford. Problem is that she has no money to put down and because of her credit score won’t qualify for a lease. I’ve been nudging her toward buying something used and financing it.

You or a parent could co-sign. Honestly, I’d say a cheap lease is better for someone in her situation. Repair bills and rentals (while only car is in the shop) is an unknown that could make things a whole lot worse.

stickguy

QB buys broken Italian cars. A broken German shouldn’t phase him.

stickguy

And I agree. A more basic car on a lease while working to rebuild credit and save money. Kia, Mitsubishi, something like that?

qbrozen

Sooo... Hornet R/T Plus. Am I right that I could be looking at $4k one-pay for 24/10k?

Can't find a whole lot of April info, but I see someone said they got more than 20% off before incentives in MD. Their incentives are more than I think I can get, though. But here is my breakdown:

$51k MSRP
$40,800 sale price
63% RV
.00001 MF (after one-pay discount)
$7000 incentives (6500 fed and 500 power days bonus)
6.625% tax
595 acq
699 doc fee (guesstimate)
400 DMV (should be about right for 2 years)

$4041 total DAS, $0 payments.

kyfdx

qbrozen said:

Sooo... Hornet R/T Plus. Am I right that I could be looking at $4k one-pay for 24/10k?

Can't find a whole lot of April info, but I see someone said they got more than 20% off before incentives in MD. Their incentives are more than I think I can get, though. But here is my breakdown:

$51k MSRP
$40,800 sale price
63% RV
.00001 MF (after one-pay discount)
$7000 incentives (6500 fed and 500 power days bonus)
6.625% tax
595 acq
699 doc fee (guesstimate)
400 DMV (should be about right for 2 years)

$4041 total DAS, $0 payments.

I think the EV acquisition for for SFS is $995

au1994

They don't even keep Hornets on the lots around here.

qbrozen

kyfdx said:

qbrozen said:

Sooo... Hornet R/T Plus. Am I right that I could be looking at $4k one-pay for 24/10k?

Can't find a whole lot of April info, but I see someone said they got more than 20% off before incentives in MD. Their incentives are more than I think I can get, though. But here is my breakdown:

$51k MSRP
$40,800 sale price
63% RV
.00001 MF (after one-pay discount)
$7000 incentives (6500 fed and 500 power days bonus)
6.625% tax
595 acq
699 doc fee (guesstimate)
400 DMV (should be about right for 2 years)

$4041 total DAS, $0 payments.

I think the EV acquisition for for SFS is $995

Does it matter that it isn't an EV?

stickguy

What’s the $6500 fed incentive? Not an EV credit?

At this point I thought the dealer had to pay you to take one, the way these are selling!

corvette

@stickguy - I think it still an EV credit because it's a plug in hybrid.

Michaell

corvette said:

@stickguy - I think it still an EV credit because it's a plug in hybrid.

NY incentives for the Hornet PHEV:

Total Cash of $7000 includes:
$500 2024 DODGE National Performance Days Bonus Cash exp. 04/30/2025
$6500 2024 Stellantis Financial Services EV Incentive

kyfdx

qbrozen said:

kyfdx said:

qbrozen said:

Sooo... Hornet R/T Plus. Am I right that I could be looking at $4k one-pay for 24/10k?

Can't find a whole lot of April info, but I see someone said they got more than 20% off before incentives in MD. Their incentives are more than I think I can get, though. But here is my breakdown:

$51k MSRP
$40,800 sale price
63% RV
.00001 MF (after one-pay discount)
$7000 incentives (6500 fed and 500 power days bonus)
6.625% tax
595 acq
699 doc fee (guesstimate)
400 DMV (should be about right for 2 years)

$4041 total DAS, $0 payments.

I think the EV acquisition for for SFS is $995

Does it matter that it isn't an EV?

EV or PHEV, the result is the same.. $995 acquisition fee

stickguy

@Michaell said:
NY incentives for the Hornet PHEV:

Total Cash of $7000 includes:
$500 2024 DODGE National Performance Days Bonus Cash exp. 04/30/2025
$6500 2024 Stellantis Financial Services EV Incentive

Maybe I should get one. I don’t need one of course. Maybe the wife will like it?

Can make up for the absurd amount of money I lost so far today thanks to somebody causing a stock market crash. Should have sold everything and invested in coffee cans for the back yard.

imidazol97

Buying opportunity.

stickguy

Only if you have cash laying around. And the slide is still starting!

laurasdada

Yeah, I guess I picked the wrong administration under which to retire.
Actually, kinda bummed I'm losing the ongoing dollar cost averaging (paycheck) I've enjoyed the past 40 years-ish.
Oh, well. At least I have less money to spend on soon-to-be more expensive cars.
Bought my new iPhone at the right time apparently.

New Conti DWS06+ seem quite quiet, so far suiting the A7 well. But need a road trip.

qbrozen

I’m so twisted up with my shopping. Wife kind of got in a huff when I said I was considering a 15-20-year-old Nissan. She can’t comprehend how that might be more reliable than an 8-yr-old luxo car.
Anyway, I kind of wound up back at the F-pace again.
But it makes my stomach turn to consider spending $15k when I could spend $7k. Am I crazy? I do admit the Fpace would most likely mean getting rid of the GMC and the QP. Because, why would I need/want the QP if I have a Jag that is equally quick and comfortable and (hopefully) less problematic? So, what is my problem? Why am I concerned?

Should I go for a Hornet? Not sure what the heck that does for me, frankly, other than being cheap. But then I have nothing after 2 yrs.