The #Cybertruck, Tesla’s all-new electric pickup truck, is here, and it can take a sledgehammer to the door while nary a dent. The all-electric pickup will offer up to 500 miles of range and start at $39,000. https://t.co/7a8YBicIkC
my dad bought a brand new 1970 Dodge Challenger for $3,300 and it came with A/C. vehicles prices now are outrageous. and good luck finding an excellent used truck under $20k [Reply]
Originally Posted by ljmhawk:
my dad bought a brand new 1970 Dodge Challenger for $3,300 and it came with A/C. vehicles prices now are outrageous. and good luck finding an excellent used truck under $20k
$3300 in 1970 adjusted for inflation is about $23,000 in 2019. A base level Dodge Challenger in 2019 costs around $23,000. [Reply]
Originally Posted by WhawhaWhat:
$3300 in 1970 adjusted for inflation is about $23,000 in 2019. A base level Dodge Challenger in 2019 costs around $23,000.
Yeah the V6 model. That is not apples to apples comparison. [Reply]
Originally Posted by stevieray:
Doesn't even count wages not keeping up with prices.
Biggest reason cars have crazy price tags is that everyone is ok taking out a huge loan to buy a new vehicle. These 6 and 7 year loans have increased base prices of new cars because many Americans just think these loans are normal now. [Reply]
Originally Posted by lewdog:
Biggest reason cars have crazy price tags is that everyone is ok taking out a huge loan to buy a new vehicle. These 6 and 7 year loans have increased base prices as cars because many Americans just think that's normal now.
No, it is because they got the huge bail out and then once they had paid back the loans they never brought the prices back down to the normal range. [Reply]
Originally Posted by Chief Roundup:
No, it is because they got the huge bail out and then once they had paid back the loans they never brought the prices back down to the normal range.
But mostly because many Americans are ok with having car payments that are as much as their mortgage. Why have lower prices if people are ok just taking loans for the price you're asking? The consumer has let car prices get crazy in the last decade. [Reply]
Originally Posted by lewdog:
But mostly because many Americans are ok with having car payments that are as much as their mortgage. Why have lower prices if people are ok just taking loans for the price you're asking? The consumer has let car prices get crazy in the last decade.
Yeah, that's definitely true. You wouldn't have been able to sell a lot of $50,000 trucks before these extended loan terms came about. But now that people are stretching them out to 72 or 84 (!) months, they think "Well $800-900 a month isn't so bad..."
Dude, you're going to buy a $50,000 truck and end up paying like $75,000 [Reply]
Originally Posted by Eleazar:
Yeah, that's definitely true. You wouldn't have been able to sell a lot of $50,000 trucks before these extended loan terms came about. But now that people are stretching them out to 72 or 84 (!) months, they think "Well $800-900 a month isn't so bad..."
Dude, you're going to buy a $50,000 truck and end up paying like $75,000
let alone the insurance....
I haven't had a car payment since 2006.
Good friend of mine leased a sweet GMC truck..time to return the truck, wanted to give him a lesser model on the new lease for what you quoted. Eight bones. Bought a 2015 Mercedes from an older gentleman with 27k.
It's obscene. Houses used to be these prices. [Reply]
Originally Posted by lewdog:
Biggest reason cars have crazy price tags is that everyone is ok taking out a huge loan to buy a new vehicle. These 6 and 7 year loans have increased base prices of new cars because many Americans just think these loans are normal now.
That's true, and 500-800 dollars on up are normal payments a month. [Reply]
I hate to ask anyone what they are paying a month for those vehicles, its not my money they can look all nice and pretty driving down the road for all i care,
I suppose someone in the industry can give more input on the money side of that. [Reply]
