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Cars and Transportation
Reply to "The cars I looked at pre Covid are $8-10k more now"
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[quote=Anonymous]I would do anything possible to avoid buying a car in the next 6 to 12 months. Understandable that some have no choice (e.g. engine failure or car totaled in accident), but many could stretch their old car along for another year and put off buying. Many buying now will end up upside down with negative equity for several years. Especially those who paid markup above MSRP...yeah Janice in 2 years your loan on that Telluride you paid $5k over sticker for is going to be way underwater. If I had to jump into the pool righ now I would either do a 2 year lease of a low cost car, or use one of the lease swapping websites to take over someone else's lease with a year or so remaining on it. Use that to ride out the market craziness.[/quote]
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