Reply to The cars I looked at pre Covid are $8-10k more now

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[quote=Anonymous]I just bought a Rav4 hybrid. It was difficult to find and had been on the lot for one day. I live in a very large metro area and several of the suburban dealers of this type of car told us that they would only sell to people from the city itself if they showed up in person and bought it on site -- they wouldn't reserve or add non-locals to the wait list.

We did pay MSRP. Not more, but we got lucky and found one that *was* MSRP without dealer add ons.

I made the decision because I just didn't want to put more money into our old second car, I found an out-of-dealer buyer for it easily and made way more money on it than I would have a few  years ago. My other car (not the one I sold, a newer car) is actually selling for *more* on the open market than I bought it used a year and a half ago (since when do cars accrue value?!)

Anyway, we made the decision knowing that it wasn't necessarily the best financial decision, but the more I make major financial decisions the more I recognize that purchases are for using, and we just figured that the benefit a new car would provide us was worth the costs for getting it now.

Tl,dr wait if you can, but I don't think the situation's getting better any time soon and there are still occasionally cars to be found. And if you have a trade in DO NOT TRADE IT IN. There are many eager buyers of used cars out there right now and you can easily sell for twice what the dealer will give you.

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