good time to buy a car yet?

[Anonymous]

I've been interested in buying a new family minivan (Honda or Toyota) for a couple of years but have stayed away until prices normalized? Are things back to normal yet? Meaning - are prices back to MSRP or even able to negotiate lower? I realize interest rates are going up but I wouldn't need to finance much after trade-in and cash. Are there long waitlists for new cars?

[Anonymous]

No. Still terrible. Wait another 3-5 years.

[Anonymous]

I read that prices should be better around Labor Day.

[Anonymous]

Anonymous wrote:I've been interested in buying a new family minivan (Honda or Toyota) for a couple of years but have stayed away until prices normalized? Are things back to normal yet? Meaning - are prices back to MSRP or even able to negotiate lower? I realize interest rates are going up but I wouldn't need to finance much after trade-in and cash. Are there long waitlists for new cars?

Teslas keep dropping in price so there's that.

[Anonymous]

Anonymous wrote:I've been interested in buying a new family minivan (Honda or Toyota) for a couple of years but have stayed away until prices normalized? Are things back to normal yet? Meaning - are prices back to MSRP or even able to negotiate lower? I realize interest rates are going up but I wouldn't need to finance much after trade-in and cash. Are there long waitlists for new cars?

Just got quoted $7,500 over MSRP for a new 3-row (non-luxury) crossover SUV.

But it was a bluff. Salesperson was willing to go MSRP after 60 seconds of discussion.

From this and several other dealer interactions, I've gotten the sense that the market is softening.

My best guess: market will be much more buyer-friendly by fall. I'm waiting until then to buy.

[Anonymous]

I bought an MDX for $3,900 below MSRP in January. It can be done.