My new car payment is $1,000

[Anonymous]

Anonymous wrote:

Anonymous wrote:Honda Odysseys are MSRP at 35k, Honda Pilot 37k, Ford Explorer starts at around 33k. I don't understand how you ended up at 60k if you didn't want to be at 60k. This was a choice and you have that payment to show for it.

Right. Go out now and try to find that Odyssey at 35k. It’s not there.

2022 Honda Odyssey EX at Bill Page $35,690. The trim level and options are what pump the price up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:thank god we bought our highlander in 2019 - was 35k off the lot and we paid cash. are they going for 60k now?

A new Highlander is literally $56 off the lot. And that’s only if you can find a dealership that has one, and you get what you get, no choosing your colors or interior options etc. if they have one on the lot that’s what u get

I *literally* just drove a new AWD Highlander XLE off the lot for 35k. Paid cash. Financing 60k is absurd.

[Anonymous]

Anonymous wrote:We just bought a new at, suv this time since we have kids and need extra space. We previously had 2 paid off older cars (2008 and 2013). Our car payment for the new car is $1,000 a month for 5 yrs. and although we got a 1.9% rate it still shocks me and weighs heaving knowing we have to pay that much every month. Do others feel the same? What did you do about? Did you pay it off sooner? Does it even make sense to pay it sooner with such a low interest rate?

Welcome to 2021 and buying a car in September, or worse, Striketober --when unions are on strike and there are enormous supply chain issues.

Dealerships cannot get cars in stock because the smart chips for cars cannot be made fast enough. There are literally NO cars to buy, and the ones that are left, are getting marked up 60% and more.

https://abcnews.go.com/Business/wireStory/chip-shortage-cars-scarce-prices-77645971

[Anonymous]

Anonymous wrote:

Anonymous wrote:What was the price of the new car? Did you trade in the 2 old cars? What was their value? If no trade in, how much $$ did you put down on the new vehicle?

Price was $60,000 no money down and no trade in

you made this choice. There are plenty of spacious cars that don’t cost 60k. Own your decisions, don’t complain about them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Op, Why do you need an SUV? I have a friend with three kids in a mini because that’s what she wants to drive. Yes three car seats in the back. I think you boxed yourself in with that choice. Unless you are a contractor or a commercial fisherman there’s no reason you need an suv.

Minivan was another option for us, we liked the Toyota Sienna but the price was about the same came out to $55k. No real difference in price

Come on, that price is for the top trim level vehicle. You could save $10k or more by buying something less fancy and still have a new hybrid vehicle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Honda Odysseys are MSRP at 35k, Honda Pilot 37k, Ford Explorer starts at around 33k. I don't understand how you ended up at 60k if you didn't want to be at 60k. This was a choice and you have that payment to show for it.

Right. Go out now and try to find that Odyssey at 35k. It’s not there.

2022 Honda Odyssey EX at Bill Page $35,690. The trim level and options are what pump the price up.

Wow, that's a good deal. I assumed Odysseys were over $40,000.

We were recently at a Honda dealer and looking at CRVs. Not my favorite car, but looking nonetheless. The base and mid-trim levels were around $30,000 - $35,000. Additionally, this Honda dealer had a "market adjustment" price on their cars. This was $3,500 added to the sticker price of most new Hondas on the lot. Sales guy attributed this to demand, COVID, and supply chain issues. Needless to say, this made our decision easy. No way were we paying $3,500 over sticker. We ended up getting a 2022 Subaru Outback for $32,000. Not a sexy car, but comfortable enough and goes great in the snow, which we like since we take trips out to Canaan Valley to ski.

To, OP, with $1,000 car payment. Hope you enjoy your car. I could barely bring myself to spend over 30k on a car. It's been a while since buying a car and was conditioned to spend no more than 25k. Realize that times have changed, but 60k for a car is a lot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:thank god we bought our highlander in 2019 - was 35k off the lot and we paid cash. are they going for 60k now?

A new Highlander is literally $56 off the lot. And that’s only if you can find a dealership that has one, and you get what you get, no choosing your colors or interior options etc. if they have one on the lot that’s what u get

I *literally* just drove a new AWD Highlander XLE off the lot for 35k. Paid cash. Financing 60k is absurd.

That seems like an amazing price. They are listed as "starting" at $40k in my area. If you can find them.

[Anonymous]

I think the OP's point is that you go along in life, thinking you are normal, and then you notice that your monthly car payment is $1000. It's like you're a Rockefeller all of a sudden driving a Bentley. Instead, you're just a regular person buying a family SUV.

It's like the first time I went to a friend's house that cost ONE MILLION DOLLARS. Turns out, it was just some brick colonial in Bethesda with an addition in the back.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:thank god we bought our highlander in 2019 - was 35k off the lot and we paid cash. are they going for 60k now?

A new Highlander is literally $56 off the lot. And that’s only if you can find a dealership that has one, and you get what you get, no choosing your colors or interior options etc. if they have one on the lot that’s what u get

I *literally* just drove a new AWD Highlander XLE off the lot for 35k. Paid cash. Financing 60k is absurd.

I call BS. The MSRP on 2021 AWD XLE is $41K+. If you bought the car in VA, you would have had to pay approx $33,000 + tax, title, fees. There is no way you got a $8,000 discount off MSRP right now, unless you forgot to mention a trade in or downpayment.

[Anonymous]

Y'all OP already said they bought it because they just really wanted a new car. And they are tall. So a $60K vehicle is literally the only option available!

[Anonymous]

Anonymous wrote:You bought new, which was stupid. The second you drove off the lot, guess what you have? A used car. I bought a CRV with 30,000 mikes on it. Special edition, perfect condition. Paid in cash. You bought new and expensive—what did you expect?

it's 2021. not 2019.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What was the price of the new car? Did you trade in the 2 old cars? What was their value? If no trade in, how much $$ did you put down on the new vehicle?

Price was $60,000 no money down and no trade in

you made this choice. There are plenty of spacious cars that don’t cost 60k. Own your decisions, don’t complain about them.

This. Apparently you didn't even think about it. I can see someone consciously thinking they can beat the interest rate in the market and deciding to put nothing down, but apparently the whole idea of a down payment didn't even occur to OP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:thank god we bought our highlander in 2019 - was 35k off the lot and we paid cash. are they going for 60k now?

A new Highlander is literally $56 off the lot. And that’s only if you can find a dealership that has one, and you get what you get, no choosing your colors or interior options etc. if they have one on the lot that’s what u get

I *literally* just drove a new AWD Highlander XLE off the lot for 35k. Paid cash. Financing 60k is absurd.

I call BS. The MSRP on 2021 AWD XLE is $41K+. If you bought the car in VA, you would have had to pay approx $33,000 + tax, title, fees. There is no way you got a $8,000 discount off MSRP right now, unless you forgot to mention a trade in or downpayment.

I'm in the market and just want to know where. Highlanders are one of the cars that we're looking at and getting anything more than a token amount off of MSRP seems hard right now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You bought new, which was stupid. The second you drove off the lot, guess what you have? A used car. I bought a CRV with 30,000 mikes on it. Special edition, perfect condition. Paid in cash. You bought new and expensive—what did you expect?

Good for you. CRV is a boring and loser car, but good for you.

Plus used cars are the same price. Really old beat up used cars are still $20k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:thank god we bought our highlander in 2019 - was 35k off the lot and we paid cash. are they going for 60k now?

A new Highlander is literally $56 off the lot. And that’s only if you can find a dealership that has one, and you get what you get, no choosing your colors or interior options etc. if they have one on the lot that’s what u get

I *literally* just drove a new AWD Highlander XLE off the lot for 35k. Paid cash. Financing 60k is absurd.

I call BS. The MSRP on 2021 AWD XLE is $41K+. If you bought the car in VA, you would have had to pay approx $33,000 + tax, title, fees. There is no way you got a $8,000 discount off MSRP right now, unless you forgot to mention a trade in or downpayment.

I'm in the market and just want to know where. Highlanders are one of the cars that we're looking at and getting anything more than a token amount off of MSRP seems hard right now.

I call BS too. We’ve been car shopping too. No Highlanders for under 40k.