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Old 11-22-2019, 09:11 PM   #1
Chief Roundup Chief Roundup is offline
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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.
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Old 11-22-2019, 09:23 PM   #2
lewdog lewdog is offline
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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.
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Old 11-22-2019, 09:35 PM   #3
Eleazar Eleazar is offline
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Originally Posted by lewdog View Post
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
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Old 11-22-2019, 10:07 PM   #4
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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.
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Old 11-23-2019, 01:01 PM   #5
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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.

Indeed... we also practice 'if we can't pay today then we can't afford it', including with cars. We've still got nice cars.
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Old 11-23-2019, 03:46 PM   #6
Deberg_1990 Deberg_1990 is offline
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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.
Saw a commercial the other day for a Lincoln Navigator.

They emphasized the price as $72,000 or $849 a month as if it was some sort of bargain.

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Old 11-23-2019, 08:17 PM   #7
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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.
No it's because unions along with bad Managment created the stupid cost and the crisis.

They paid back the bail out money with interest ahead of schedule so no idea why people still bitch about it.
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