Shocked how many people are looking at new cars!

[Anonymous]

Anonymous wrote:We bought a second car recently (used) - zero percent financing. I'm still employed and I will have to go back to the office eventually. No way am I getting on the crowded germ factory that is the Metro again.

+1 Yep, we got a very basic sedan new as a second vehicle to avoid using metro/uber.

[Anonymous]

Anonymous wrote:We just bought a car. My DH is still getting paid. It’s actually a great time to buy.

x2. Just bought a used (3 yr old) car to replace our 13 yr old car.

[Anonymous]

I made $7k in the market little under two months. Not buying a car but I can see how people who had a lot more money in the market, have extra now.

[Anonymous]

We just bought a new car. Husband's job is stable and we saved/paid cash before all this happened. I would buy now no issue if we needed one. We are savers and are fine. Not everyone is financially impacted by this. We live under our means so even if disaster hit, we'd be ok as our mortgage is minimal.

[Anonymous]

Can't stand new car payments.

The biggest obstacle to wealth for middle class Americans is wasting money on new cars. Always buy 4+ years old with 60% depreciation baked in. Spending huge amounts of money on a depreciating asset makes no sense. Might as well throw money in the fire.

[Anonymous]

No kidding that there are a lot of people looking at new cars … and by all evidence, buying them. I was on the GW Parkway and Beltway today. Every other car that passed me (yes, I drive slow) had a new car tag flapping as they zipped on by. They weren't all one brand, either.

[Anonymous]

Anonymous wrote:No kidding that there are a lot of people looking at new cars … and by all evidence, buying them. I was on the GW Parkway and Beltway today. Every other car that passed me (yes, I drive slow) had a new car tag flapping as they zipped on by. They weren't all one brand, either.

Lot of people were relying on Metro or slugging. No one wants to get into someone else's car for a commute now.

The traffic when everyone reverts back from WFH is going to be horrendous.

[Anonymous]

Any deals on Toyotas right now?

[Anonymous]

I just bought a big bodied Benz . Let The haters hate !

[Anonymous]

I will probably buy a new car this year since my SUV is 11 years old and out of warranty. I don’t see a point in exposing myself by test driving new cars right now when I am barely driving as it is. We’ll see how the rest of the year goes but I’m in no rush to pay those car purchase taxes and fees.

[Anonymous]

Anonymous wrote:Can't stand new car payments.

The biggest obstacle to wealth for middle class Americans is wasting money on new cars. Always buy 4+ years old with 60% depreciation baked in. Spending huge amounts of money on a depreciating asset makes no sense. Might as well throw money in the fire.

We pay for our cars in cash and hold onto them until they cost more to fix than they are worth. We order exactly the options we want from the factory. It works for us and we’ve saved a lot of money overall.

[Anonymous]

Anonymous wrote:I just bought a big bodied Benz . Let The haters hate !

Enjoy but please don’t park so close to us that we can’t get in our cars!

[Anonymous]

Can those people who bought used tell me how they did it safely during this time.

[Anonymous]

Anonymous wrote:Can't stand new car payments.

The biggest obstacle to wealth for middle class Americans is wasting money on new cars. Always buy 4+ years old with 60% depreciation baked in. Spending huge amounts of money on a depreciating asset makes no sense. Might as well throw money in the fire.

Some cars don’t drop that much. A 4 year old wrangler drops 15%

[Anonymous]

Anonymous wrote:I just bought a big bodied Benz . Let The haters hate !

Are they giving 10% off?