Car Market Update For New & Used Vehicles | Watch Before Buying | Summer 2024

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  • Опубликовано: 4 июн 2024
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    Ray and Zach explain whether you should be looking to buy a new or used car in 2024!
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Комментарии • 565

  • @jimgrant4348
    @jimgrant4348 20 дней назад +229

    Before you buy, check with your insurance provider about your new rates. People are finding out their rates increase sometimes by hundreds of dollars per month. Now they can't afford the coverage. DON'T SIGN THE BOTTOM LINE UNTIL YOU KNOW THE TOTAL COST. Monthly car payment and insurance payment.

    • @nomad-Nurse-Dani2073
      @nomad-Nurse-Dani2073 20 дней назад +9

      So true learned that at car egde too. Rav4 adventure would have increased my ins by $110 Forester Wilderness $40

    • @JohnDoe-wy2py
      @JohnDoe-wy2py 19 дней назад +2

      @@nomad-Nurse-Dani2073 some of this is common sense, don't understand why people do not know these things and have today someone to tell them.

    • @texaslovelylady
      @texaslovelylady 19 дней назад +9

      ​@@JohnDoe-wy2py Hay you seem to know everything. 🎉Can you tell me what will bring insurance down for everyone? 😃

    • @JohnDoe-wy2py
      @JohnDoe-wy2py 19 дней назад +2

      @@texaslovelylady if I knew the answer to that I could retire rich today, but *hey* what would I do then?

    • @burnedagain6187
      @burnedagain6187 19 дней назад +2

      @@JohnDoe-wy2py👈just so smart! ah

  • @rowedog1100
    @rowedog1100 18 дней назад +65

    I'm always happy to let someone else cover the steepest part of the depreciation curve on a vehicle.

    • @jamesbowman1767
      @jamesbowman1767 8 дней назад +5

      What depreciation curve? Those days are long gone. It's more like a straight line these days. I never thought I would say this, but it mathematically makes more sense to buy brand new if you plan on keeping it for at least 7-years.

  • @jonathandavis3312
    @jonathandavis3312 20 дней назад +79

    Used car prices haven't made sense for several years now. You see one a couple of years old with 20-30k miles and it's only 1-2k lower than a brand new one exactly like it.

    • @KaayJaay
      @KaayJaay 17 дней назад +2

      Unless a new model. Refresh

    • @josephkelleher8820
      @josephkelleher8820 17 дней назад +9

      In a lot of cases it's better to buy new.

    • @Dbb27
      @Dbb27 17 дней назад +4

      I bought in 2014 was my last buy. Bought one year used and it wasn’t much different. Just a couple thousand under new model.

    • @tattoofthesun
      @tattoofthesun 9 дней назад +1

      I was just out Honda shopping and that exact thing was the case. I leased and wish I would’ve spent more time looking around

  • @jpentzien
    @jpentzien 20 дней назад +92

    Went this week to get a Kia Telluride and the dealer gave a 3% discount off MSRP but added over $3k in BS dealer add-ons that were ‘non-negotiable’. We ended up walking.

    • @jenamosqueda6924
      @jenamosqueda6924 20 дней назад +8

      We just bought a Telluride. We were able to get 2,770 off MSRP and zero bs fees. 5.9 % through Kia Finance.

    • @jpentzien
      @jpentzien 20 дней назад

      @@jenamosqueda6924 that must be nice. We got an excellent rate from Kia but the dealer wouldn’t budge on the add ons and it’s too common here in Phoenix. Per Car Edge the car has been on the lot for 40 days, well it can sit longer for all I care.

    • @JohnDoe-wy2py
      @JohnDoe-wy2py 19 дней назад +17

      Good for you for walking! The consumer has the power and it's past time that we used it. Only then will these dealers quit playing their stupid games.

    • @Ascension_3030
      @Ascension_3030 19 дней назад +2

      how are you tellurides treating you, im looking to pick one up, used.

    • @jenamosqueda6924
      @jenamosqueda6924 19 дней назад +3

      @@Ascension_3030 so far I really like it. It’s barely been a week though. We were going to buy used but the prices and miles didn’t make much sense. If you can get a great deal on used then maybe. I did find a used one with just 9k miles but it sold the day we decided to buy it. It sat for 45 days on the lot 🤣 My luck it sold the day we made our choice. In the end we went new. I wanted the Kia warranty and I wanted white. Good luck!

  • @cmiles97x38
    @cmiles97x38 20 дней назад +82

    Content title not click bait title, Thank you.

  • @creepingbert
    @creepingbert 18 дней назад +53

    I recently visited a Nissan dealer, and they had a new 23 Rogue on the lot with a 32K sticker price. 30 feet away was a used 23 Rogue with 14K miles. The sticker price was 30K.
    It's as if dealers don't want to sell used cars right now.

    • @KaayJaay
      @KaayJaay 17 дней назад +1

      Unless a new engine or redesign, refresh

    • @kimdagnillo8246
      @kimdagnillo8246 12 дней назад

      Same thing with the minivan, used isn’t far off from new

    • @lcamacho3845
      @lcamacho3845 10 дней назад +1

      Were they the same trim? SV vs Platinum is a huge difference

    • @creepingbert
      @creepingbert 10 дней назад

      @@lcamacho3845 Same trim. Same paint color.

    • @edwarddeatley1117
      @edwarddeatley1117 3 дня назад +1

      They’re just using the same model that offered them great profits a couple years ago. Until they are forced to do so they will not change. My hunch is that a wave of discounts is coming across almost all vehicles.

  • @classiccorvettesmusclecars5846
    @classiccorvettesmusclecars5846 17 дней назад +12

    For the SUV buyer the Mazda CX5 is the way to go.. Been out forever with a proven reliable drivetrain, built in Japan & has 0% financing for 36 months…

  • @allendelacruz7970
    @allendelacruz7970 20 дней назад +14

    My 2017 acura ilx A-spec was hit by a drunk driver when it was parked and totaled the Sunday before thanksgiving last year. Bought it at 11k miles and it was totaled at 28k miles. Had 3 more years to pay it off. I wouldve waited to get a car around this time but was in desperate need. Ended up getting a 2021 acura TLX base model at 28k miles for i think 27k OTD plus GAP and extended warranty in December last year. It was the only great offer for that time but after 2 weeks of driving it, i went to CarEdge again and saw dealers selling the same car with technology package and less mileage for the same price and even at times less than what i paid. Its crazy how fast the dealers act and things change. No regrets, i didnt have a choice since i needed a car.

  • @adams2836
    @adams2836 20 дней назад +14

    I love how data driven this channel is. Bar none one of the best car RUclips channels

  • @dickieburbank
    @dickieburbank 20 дней назад +34

    My wife's 2014 Cmax Energi was losing battery. Carmax gave us $5400 for it. Found CPO Lexus ES 300h, Luxury trim, with 28,000 miles for $34,300. Happy with that. My 2014 Camry hybrid still going strong with 230,000 miles.

    • @KaayJaay
      @KaayJaay 17 дней назад

      How’s Lexus pre cert? I’ve heard good things. Any negotiation?

    • @davet766
      @davet766 17 дней назад

      What year Lexus?

  • @lotus956
    @lotus956 19 дней назад +10

    I have an older Mazda 3 that is my work car. It’s flawless with hardly any problems and easy to work on. Will keep it until the engine falls out. These new car prices are insane.

  • @haroldkostka8446
    @haroldkostka8446 17 дней назад +18

    Just visited the Honda dealership in central earlier this week. Happened to look at a new vehicle in the showroom and was surprised to see a market adjustment of 9999.95 . This is completely absurd.

  • @renefig1
    @renefig1 13 дней назад +4

    Dropped my '21 Ram 3500 at dealer for a transmission recall. I am friends with the sales manager and used car manager. Their lot is chock full of Jeeps/the fancy grand Cherokee, pickups and others. Guys said business was upside down, their Floorplan was over 90K a month. They are having a harder time getting good used cars to sell. I saw lots of '23 discount stickers at the lot. A '24 Rubicon in the showroom was over 76K . Amazing

  • @Ceedee9
    @Ceedee9 20 дней назад +63

    Was quoted 26k otd for used 2021 used Kia seltos. Went to another dealership and walked away with same price 2024 Kia seltos!!!

    • @rafaelbetancourt3551
      @rafaelbetancourt3551 19 дней назад +1

      Bravo😃

    • @prestonstephens7719
      @prestonstephens7719 17 дней назад +2

      It always amazes me how people will spend more money to buy a used vehicle thinking they got a great deal then they could’ve paid for a brand new one anyway!!! It’s right there anyway just walk across the parking lot to the other building and look before you buy the used. People are stupid!!!!!

    • @MikeCo-ge7nz
      @MikeCo-ge7nz 16 дней назад

      Amazing 👏 you are the example we should all follow when in the market for a vehicle

    • @Caldwan
      @Caldwan 13 дней назад

      similar situation bought a 2024 Hyundai Kona ended up being 2k cheaper.

    • @justinchorn432
      @justinchorn432 15 часов назад

      And a better interest rate too I bet on a new vehicle.

  • @Stephine-un5zs
    @Stephine-un5zs 16 дней назад +264

    Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
    Thank you!

    • @Manselus-mn1mn
      @Manselus-mn1mn 16 дней назад +2

      Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people

    • @SirBenjamin-oq1wd
      @SirBenjamin-oq1wd 16 дней назад

      Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

    • @SirBenjamin-oq1wd
      @SirBenjamin-oq1wd 16 дней назад

      It is essential for you to have a mentor to keep you accountable
      1. Limit your spending/cut off retail therapy
      2.Put the extra cash towards investing in high yielding or steady investment.

    • @Elizabeth-mh2dj
      @Elizabeth-mh2dj 16 дней назад

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

    • @SirBenjamin-oq1wd
      @SirBenjamin-oq1wd 16 дней назад

      ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

  • @jerelwright1665
    @jerelwright1665 18 дней назад +1

    I love you guys, im a retired ex body man that spent 24 yearsas a insurance inspector gor the good neighbors

  • @TheRalf9999
    @TheRalf9999 20 дней назад +6

    Keep us informed ❤

  • @nupe1493
    @nupe1493 13 дней назад +2

    I want you guys to know that your videos saved me a ton. I really enjoyed and continue to enjoy the amount of valuable information and knowledge that you guys have. I was able to get 2 cars for a deal and more importantly know that I did get a good deal. Keep it up gentlemen!

  • @JohnDoe-wy2py
    @JohnDoe-wy2py 19 дней назад +12

    My credit union offers 5.50% 36 months on new cars, 6.50% 36 months on used vehicles

  • @kendricharley7715
    @kendricharley7715 2 дня назад

    Thank you guys for taking time out to give us knowledge on purchasing vehicles.

  • @fredpaddon6476
    @fredpaddon6476 20 дней назад +15

    50 years in the used car biz. Go to 4+ auctions a week. Late model Toyotas have not come down at all. Supply of Rav4, 4Runner, Corolla is non exisitant. Stellantis stuff is cheap but saleproof. The Blue Oval quality problems have made Escape,Edge, Ecosport impossible to sell. The best value is a new Toyota at or neer MSRP.

    • @WordAboveAll
      @WordAboveAll 20 дней назад +1

      Thanks. In need of a new vehicle and eyes set on a Toyota rav4.

    • @ScottieWP09
      @ScottieWP09 16 дней назад

      Yeah, I am looking for a current gen Sienna and the used market is pretty nuts. Will likely wait for an allocation of a new unit.

    • @pmscalisi
      @pmscalisi 15 дней назад +1

      Just don’t get a Tacoma. Lots of engine issues.

    • @FarmGalSal987
      @FarmGalSal987 15 дней назад

      Bought a new 2024 Camry.

    • @AlderaansRanger
      @AlderaansRanger 8 дней назад

      I’m either going to get a RAV4 trd off road or a 4Runner off road premium. Just depends on if I can haggle a decent price on the 4Runner. As I’d prefer the V6

  • @natlovell122
    @natlovell122 19 дней назад +8

    My wife and I both drive 2019 Mazdas and they have been awesome vehicles for the first 50k miles we have owned them. Staying on regular maintenance and we plan on keeping them for a long time.

  • @starrharrison8178
    @starrharrison8178 14 дней назад

    Really appreciate your knowledge and videos........thank you

  • @jon34153
    @jon34153 16 дней назад +1

    Thanks, guys. This is fantastic!

  • @markbrejcha3179
    @markbrejcha3179 18 дней назад

    Just purchased a 2024 telluride s at msrp. I'm content with the price at 38k, added a warranty for 2k, 40k out the door which seems pretty better compared to other regional best prices (was priced 42k before additions at other dealerships)

  • @Flyterbut
    @Flyterbut 20 дней назад +6

    We just purchased a white 2024 Honda Civic Sport Touring for 33k out the door with nano ceramic thrown in instead of regular tint....paid cash too! Your videos definitely helped the process a ton.

  • @praveenr9361
    @praveenr9361 8 дней назад

    Great channel, thanks for spreading the knowledge.

  • @patrickgraves7486
    @patrickgraves7486 3 дня назад +1

    So hey guys thanks for the videos. Bought a new TRD off-road pro 4runner on May 30. Got it 2k under msrp and interest at 5.9%. Little Rock Arkansas.

  • @yvonneclem351
    @yvonneclem351 20 дней назад +6

    In the process of buying a new Honda Ridgeline RTL. Used the info and tips from Car Edge to get a deal I am happy with.

  • @billz4795
    @billz4795 15 дней назад

    To add to your Used car comments. In 2016 I was in the market for a VW Touareg, specifically the TDI. As it was the last time you could purchase. Dealers were asking over 60k . I purchased the 2017 Wolfsburg gas and extremely happy.
    But just came across a 2016 Touareg TDI LUX, 70k miles on it asking $17,000 ! Not bad.

  • @Denverian
    @Denverian 12 дней назад

    just bought 2024 Kia Carnival EX for 9% off MSRP + 5.5% APR 60 mo Kia Motors Financing. We did a tug of war over the trade in value but got a decent trade in value too on a crappy Dodge Caravan. Overall very happy with the minivan, payment and the process. The fowler dealership was also eager to move their cars before the hail season hits here in Colorado, so that was helpful too.

  • @nvironmental
    @nvironmental 14 дней назад

    Very knowledgeable. Thank you.

  • @MrJdubbya36
    @MrJdubbya36 17 дней назад +1

    I almost always buy used. A year ago got a 2021 Titan very well loaded for probably close to 30% off new and it is CPO. It was 2 years old and had 4,000 miles on it. Yup, I'll take that any day!!!!

  • @brianbartels9580
    @brianbartels9580 16 дней назад +2

    I got a 2020 Toyota Rav for sitting on the lot for 65 days I believe. I'll have to go and check using your Website, I got an incredible deal for it. The car salesman was absolutely shocked as I mentioned I wanted to test drive this car and told me well we must of missed this car its been out so long. It drives great and it runs really well. Got a solid deal off of it.

  • @andrewdunlop2966
    @andrewdunlop2966 18 дней назад +1

    Ray & Zach the dynamic car buying duo 😎🎯

  • @grantharding7392
    @grantharding7392 19 дней назад +2

    Just stumbled across you guys and genuinely appreciate the content and insights. Extremely valuable consumer information IMO. This may be a difficult question for you to answer but do you know if the canadian market generally mirrors that of the US? I am not aware of anything or anyone providing the insights that you do with a Canadian Market view…

  • @josephkelleher8820
    @josephkelleher8820 20 дней назад +30

    Best to keep your current car as long as you can. Keeping my 12' Altima a lot longer. I change the transmission fluid every 2 years so hopefully that will keep it going.

    • @thaddeus46
      @thaddeus46 20 дней назад +3

      I have a 2013 Altima with 61k miles. You are absolutely right on changing that tranny fluid religiously. Carvana offered me $5400 for it but I'm not selling. It runs fine but there is always thar worry about that cvt tranny. Peace.

    • @peterferk1376
      @peterferk1376 20 дней назад +3

      I have a 2008 with 352 km. I do the CVT fluid every couple of years and the coolant as well. Still drives perfectly.

    • @WordAboveAll
      @WordAboveAll 20 дней назад +1

      Have a 2006 chevy malibu LT over 200,000 miles....bad oil leak but trying to hold out for prices to drop.

    • @breckfreeride
      @breckfreeride 20 дней назад +3

      Lol 00 crv, 00 Celica GTS, 04 fx4... I fix my own stuff and pay cash.

    • @josephkelleher8820
      @josephkelleher8820 17 дней назад

      @@peterferk1376 Very important to change that coolant on time because your transmission cooler is located inside the radiator. I have mine changed at the dealership between 3 and 4 years. Original Nissan coolant I use.

  • @danielpilachowski2424
    @danielpilachowski2424 20 дней назад +16

    Ray, your research and data that you provide is great...

  • @Eden639
    @Eden639 13 дней назад

    Good information, thank you 🙏

  • @ynotjen6542
    @ynotjen6542 15 дней назад +2

    Can you do a vid on the best used hybrid to purchase this year?

  • @brandonwaddell2583
    @brandonwaddell2583 20 дней назад

    Looking for a Titan Pro4X XD this August, hopefully can find a good deal

  • @BensCanyonAT4
    @BensCanyonAT4 20 дней назад +6

    Bought a brand new GMC Canyon AT4 a few weeks ago, couldn’t be happier. Paid MSRP but zero fees so the sticker price is exactly what I paid!

    • @eglassyglass
      @eglassyglass 20 дней назад +1

      I'm hoping to get a GMC Canyon Denali in the coming weeks, hoping to get under MSRP by a few thousand if at all possible. we'll see

    • @BensCanyonAT4
      @BensCanyonAT4 20 дней назад

      @@eglassyglass definitely give it a try! Being such a low production truck it’s hard to get them to budge, but i was able to get more for my trade in.

    • @eglassyglass
      @eglassyglass 20 дней назад

      @@BensCanyonAT4 At worst I'll pay sticker but it's a sweet truck and moving on from the Tacoma

    • @BensCanyonAT4
      @BensCanyonAT4 20 дней назад

      @@eglassyglassYep way better than the 24 Taco that’s what i was originally going to get but it’s not even close

    • @breckfreeride
      @breckfreeride 20 дней назад +2

      Hope they fixed all the issues

  • @Jodyrides
    @Jodyrides 15 дней назад

    I bought my first new van, a Ford Econoline, 150 in 1977, when they first released the 1978 models.. six cylinder, three speed manual on the column, a box, with two seats, no power windows, no air-conditioning, no cruise control. I only needed a van for getting my racebike’s to the racetrack, and a vehicle that I could sleep in at the track overnight… It was perfect for that although I swore I would never buy another vehicle without air-conditioning again..
    I had that truck for 31 years. When I sold it to a Buyer that only needed the engine., It drove away.. I did spray it with 50 weight new not used motor oil underneath to prevent or slow down rushed here in Pennsylvania where they salt roads in the winter.. I had a job where I could use public transportation to, and from work, and I commuted by motorcycle in the warmer months of the year for about eight months of the year. So it did shit a lot and we would use my wife’s car mostly, because I stored all of the dirt, bikes and equipment and gasoline in the van most of the time.
    I do keep vehicles for a long, long time. My wife’s last car was nine years old when we sold it, my current ram, 1500 Big Horn, 4 x 4, with the hemi, is a 17, which I spent five days rustproofing with fluid film.
    so far so good, my truck only has something like 16,000 miles on it, because we use my wife’s car for all the running around, and we are both retired now, and I don’t lend my truck out..
    we will see how many years I have this truck. It has been perfect so far, the only thing I have had to do it besides oil and filters, is, put air in the tires when the weather gets cold and replace the windshield wiper blades.
    I have the annual rust proofing inspection videos on my RUclips channel of my truck to show how well it is holding up here in salty Pennsylvania. One thing I do like about the new vehicles is the fact that they come with stainless exhaust systems. I did have to replace exhaust pipes and mufflers on my 1978 Ford van it seemed like every four or five years they would need replaced..

  • @music80s65
    @music80s65 19 дней назад

    Are there any advantages to buy now versus memoral day weekend or the 31st of May?

  • @allamar9083
    @allamar9083 20 дней назад +8

    I am beginning to see a trend of all sales people trying to convince buyers that outrageously priced ,poorly made vehicles are a great thing to jump into for the next ,,,,years of your life. Dealers and agents here are trying the same old tired wore out ,we are family, we are here for you, you won’t believe the deals we have. etc,etc,. When I see a new purchase going down the road I count my blessings it’s not our signature on that long term contract. If the warranty runs out before the payment book,run,don’t walk.

    • @danielrn133
      @danielrn133 18 дней назад +1

      What do you mean "poorly made"? Compared to what? How do you define "poorly made"? You just "know this" or you have actual data. What does that even mean? Who defines "poorly"? You?

    • @pmscalisi
      @pmscalisi 15 дней назад

      @@danielrn133I’d say look at the vehicles that stay in the shop all the time for the first 50,000 miles.

  • @jocelyntan1916
    @jocelyntan1916 15 дней назад +1

    What about in Canada? Do you have data in Canada of what to buy, new or used?

  • @Paul-zl5lj
    @Paul-zl5lj 18 дней назад +2

    Ray, what changes would it take to make this market a great time to buy a new car and are those changes possible?

  • @alexnatale6597
    @alexnatale6597 13 дней назад

    You guys are amazing!

  • @bomberaustychunksbruv4119
    @bomberaustychunksbruv4119 20 дней назад

    Ex Salesman here, in Australia so AU dollars. My last 2 cars I bought (privately) 6 months to a year old, you avoid the large depreciation upon purchasing new, also pick a vehicle that is generally sought after. Happy Days. Holden Statesman =- New RRP $54,000, bought for $32,000 1 year old. Hyundai Santa Fe Highlander $64,000 new got for $48,000 6 months old. Still have it, owe 8k on it and its market value private is currently $32,000.

    • @Ascension_3030
      @Ascension_3030 19 дней назад

      must be a different market because in US 6 month old cars dont depreciate at that rate. Typically difference is so small that purchasing a brand new car with much lower APR, costs less than buying a 6-12 month old used version. If youre paying cash, its a different ball game - but if you have 50k to plop out for a new car, then youre likely wanting a brand new vehicle as well

  • @silence7113
    @silence7113 20 дней назад +1

    Wow, excellent summary of the market. Thank you for your transperancy on this one.

  • @drewkilpatrick7189
    @drewkilpatrick7189 20 дней назад +36

    If they jacked up the prices 50% 2024 won’t be a year to be remembered unless they drop prices by 40%

  • @thefireconvoy9930
    @thefireconvoy9930 20 дней назад +14

    Buying a car this summer, glad the market’s stabilizing. Dealers won’t negotiate until cars hit the lot, but they started the haggle game with their markups. Haven’t bought a car in a while, but the process feels more adversarial than it should. Dealers, stop making it tough for buyers! Thanks to CarEdge, I’m avoiding overpaying.

    • @richardbolitho
      @richardbolitho 20 дней назад +9

      Wait until the fall because in July there will be a new law out where car dealers have to honor the price they are advertising

    • @carl2591
      @carl2591 20 дней назад +4

      biggest thing to remember is you are the boss at the dealership.. before you go to a dealership know you numbers.. how much do you want to PAY, NOT how much can you afford monthly. that is the first trick they try.. bottom line is have a OTD price,, Out The Door ,, number you think is fair based on available info and market norms. (out the door is tax, tag, title, and any dealer fee or other junk fee they come up this)
      when you give your first number make it $500 below your actual number.. cause they are going to balk big time.. and maybe lie telling you they can not absorb the tax and tag fee.. BS.. they will come back with a number closer to the original price and you say ok give your number now with the $500 added on.. if they balk get UP AND WALK THE FU$K out.. if they came back just keep walking.. the only number you care about is the number on the bottom of the page that matches your OTD price. .. nothing else matters. good luck. stay strong.

    • @KaayJaay
      @KaayJaay 17 дней назад +2

      Thanks buddy for the reminder: out there door price!!

  • @user-kf4zw8fc8f
    @user-kf4zw8fc8f 19 дней назад

    for a new car, is it effective to begin negotiating from the dealership invoice cost?

  • @DarkHorseParatrooper
    @DarkHorseParatrooper 16 дней назад +1

    Somehow, our local carmax messed up or finally figured out they gotta lower prices. We just picked up a 3 year old fully loaded rubicon 4 door, 30k miles, you can tell it was cared for, no undercarriage damage from offroad use. Sold it to us for 1500 under the LOWEST Blue Book value for Good condition. I've never seen them sell for less than max blue book in Very Good Condition. Best otd offers from local dealer was... 70k. In fact, used models at local dodge dealers, with no options, ie sound, towing, and lack of leather seats, same mileage and appx year going for 2k more or worse.

  • @thedudeandthemaumau2347
    @thedudeandthemaumau2347 15 дней назад

    How do you find out some of this info? Like the days supply? Or how many days a car has been on the lot at a dealership?

  • @TachoSJ
    @TachoSJ 20 дней назад +4

    I’ll most likely be buying either a new or used Civic/Corolla, possibly even a Camry/Accord this summer. Thanks for the info guys

  • @billcherep4714
    @billcherep4714 15 дней назад +2

    I have a 2021 Lexus ES300h lease coming up in a month. Residual is $22k to buy this with the Bluebook somewhere in the $29-30k in the condition I have kept it. The right move is to buy it and sell it correct?

  • @rvh77
    @rvh77 12 дней назад

    With new cars you have more negotiating power because there's multiple just like on a lot not too far away.

  • @troyvosburg2304
    @troyvosburg2304 14 дней назад

    Do you have any information on the Nissan Frontier, should I expect to be able to negotiate their list price ?

  • @chevypowerish
    @chevypowerish 19 дней назад

    Was looking at new Acura MDX, BMW X3 or X5, Toyota Sequoia. These ranged from $65 to $82K. Decided to purchase a 2018 Range Rover Velar with 8K on factory warranty for $27,000. Range Rover is a HUGE upgrade to the new ones we drove for WAY cheaper. BUY USED PEOPLE.

  • @littlered4122
    @littlered4122 17 дней назад +11

    My Wife and I have been putting off buying a New 3/4 Ton Pick Up Truck since 2020. Our plan was to buy a New F250 during the Fall of 2020. Well, that did not work out and we laughed our butts off at paying over MSRP. Over the past month or so, going to a bunch of Ford dealers in New England, we start at 5K below MSRP. They are biting, BUT. We are pushing to get at least 7K below MSRP. I am Old, done this before over the decades. We will make this work, maybe this Summer, Maybe this Fall.

    • @learn2xpand862
      @learn2xpand862 15 дней назад +1

      What’s the point just buy the truck

    • @fpm8338
      @fpm8338 13 дней назад

      What’s the point in buying a truck? You’ve waited so long that I don’t think you need a truck.

  • @pietrovitchr.3220
    @pietrovitchr.3220 20 дней назад

    Rav 4 prime
    Better buy new now if available or wait the price decrease ?
    The price movement is similar in Canada ?

  • @lisayoung2362
    @lisayoung2362 20 дней назад +6

    My local Kia dealership still has 12 2023s and no markdown prices

    • @laylabono4035
      @laylabono4035 15 дней назад

      Kia 😅😅😅 👎👎👎👎👎

  • @Parm1678
    @Parm1678 14 дней назад

    Just bought a 2020 Acura MDX SH with Technology package with 22,600 miles for 30k. I agree with someone else paying the depreciation.

  • @danielpecaro777
    @danielpecaro777 17 дней назад +6

    Please pick 6 models with the best (most) inventory for your next segment. Nice to know what manufacturers are flush with inventory, but exact models would add to our knowledge.

  • @mindfullymellow2323
    @mindfullymellow2323 20 дней назад

    @11:38 - “average APR on a new car loan is a little over 9%” - have to shop around. Plenty of dealer in-house financing below 5% for qualified buyers. Mazda is one example.

  • @sku32956
    @sku32956 3 дня назад

    Found Toyotas below MSRP 6k BUT you have to buy what is on order if you order a new one not much of a discount .

  • @magedelgamal1277
    @magedelgamal1277 14 дней назад

    It could be a good idea to address insurance increases and vehicle monthly payments (total monthly payment)

  • @ve2166
    @ve2166 20 дней назад +5

    Curious about those 0% APR vehicles. I’ve seen certain models. Currently negotiating QX80 being that the new one is coming out soon and body style will totally change. They’re dropping off price significantly and offering 0.9 for 60 months. I’m watching their inventory, still sitting at 11 on the lot for a little while now. Waiting to the end of this month to hit them up again.

    • @Tenfamlearn
      @Tenfamlearn 16 дней назад

      Ford Mach E has 0% financing

  • @josiekeys7669
    @josiekeys7669 8 дней назад

    What about repo's from Banks/Credit Union are they available again

  • @Seer645
    @Seer645 20 дней назад +2

    My issue with used cars at this point in time is that they are overpriced. Secondly the newer ones seem to be from rental companies. #3 the number of repos has risen drastically and we know those owners most likely did not maintain these vehicles near the end of their possession. #4 I think potential buyers should research recalls and overall quality e.g. I would have to be getting 60% off MSRP before buying a dodge Chrysler or Jeep product

  • @ericschmies5396
    @ericschmies5396 15 дней назад +3

    I’m using the years 2012-2019 as my baseline for “normal” discount off MSRP. During that decade, pre pandemic, you could buy a mid trim level F150 late in the year for 20% off MSRP. Sticker was approx 50k and you could easily buy one for 40k. I don’t think we should even consider getting excited when we see a 10% discount off MSRP.

  • @hotpuppy1
    @hotpuppy1 20 дней назад

    Also depends on the MODEL, not just brand. The prices for a lot have been jacked up outrageously so the 'deals' aren't that great. They came down some, but not to be what they were before.

  • @macfastang2010
    @macfastang2010 20 дней назад +5

    I was browsing for fun the other day Caredge, and I couldn’t believe a new 2022 Shelby GT500 sitting still on the lot with ADM of $45k 🤣🤣🤣🤣

    • @KaayJaay
      @KaayJaay 17 дней назад

      Lol. It will sit forever

  • @scottgeck9948
    @scottgeck9948 16 дней назад

    I always could and do say no to market adjustments no permission required.

  • @dfinite4089
    @dfinite4089 17 дней назад

    You guys have a great RUclips channel. Subscribed but now I bought a used car, so not anymore. Have some James Salt Water Taffy’s for me, and thank you.

  • @olivermolenaar7711
    @olivermolenaar7711 14 дней назад

    I’m curious what you mean by the quality being low for repossessed vehicles?

  • @craigfin3222
    @craigfin3222 20 дней назад +41

    First, people hate the dealer buying process, no one likes to go in and haggle over a price, or watch a dealer try to add as many hidden fees as possible. Second, brands have raised their prices way way to high. So you got a bad buying process and bad prices, which equals no one wants to buy anything.

    • @kurtrussell5228
      @kurtrussell5228 20 дней назад +3

      That's why i think carmax isn't so bad....

    • @breckfreeride
      @breckfreeride 20 дней назад +3

      I just go sit in the seats and fart.

    • @leonardyoung6821
      @leonardyoung6821 20 дней назад +2

      There are thousands of dealers out there that are fair and do not charge bogus fees or addendums. It only takes a small amount of research to find them. And if you don't like haggling, don't engage in haggling. Haggling only occurs when the customer throws out a low-ball offer. If you don't do that, you should have a pleasant experience.

    • @breckfreeride
      @breckfreeride 20 дней назад +2

      @@leonardyoung6821 I'm thinking of low balling my local on 2 trucks by 10k... They may bite, as they're over by at least 8

    • @kurtrussell5228
      @kurtrussell5228 20 дней назад +2

      @@leonardyoung6821 BS

  • @hlb0111
    @hlb0111 16 дней назад

    This can vary by model. How do I find out days on the lot for a specific model?

  • @Forward_Unto_Dawn
    @Forward_Unto_Dawn 20 дней назад

    What do you think will happen by the end of the year? I come back from deployment towards the end of this year in November. December is the best time of year to purchase a vehicle and I'll need one. Do you think it will be better to lease based on the interest rates?

  • @clintonwatt8084
    @clintonwatt8084 19 дней назад +2

    I bought a brand new Q50 Infiniti for 6k off MSRP. No junk fees out the door with tax for 42800. I'd like to say it was my brilliant negotiating skills but I made what I thought was a low-ball first offer and they took it.

    • @KaayJaay
      @KaayJaay 17 дней назад +1

      Deal. Congratulations

    • @MsMandyjo
      @MsMandyjo 17 дней назад +1

      What trim? I want the autograph and it was way more than I wanted to pay. Dealer would not come off MSRP

    • @Tenfamlearn
      @Tenfamlearn 16 дней назад

      What did you pay in the finance office?

  • @ArticulateArena
    @ArticulateArena 16 дней назад +1

    Bought a slammed 2012 bmw 1 series for cheap af that was repoed with 80k miles. Things basically brand new and looks amazing.
    I can get 100k+ out of it and its cheaper than the brand new boring cars i was looking at. Plus all the pieces are cheap to get from the ones in junk yards and after market suppliers

    • @pmscalisi
      @pmscalisi 15 дней назад +1

      Better think twice about your parts prices. Many of BMW parts are dealer only and expensive.
      They’re so cheap to by used because of the abysmally high repair prices.

  • @beefxcake2523
    @beefxcake2523 20 дней назад +2

    needed a car and i drove a beater we bought new in 04, so i got 20 years out of it i can't complain, but when i was looking at a used car from the past 5 years or so, alot of em were just as much as a new car after the interest! if not just shy of a new car. so I bought a new subaru forester, 2.9% interest isn't terrible and it wasn't over msrp. and my monthly payment is pretty low since i put 10k down. hopin to drive it for another 20 if im lucky! i will say subaru really didn't put anything on my bill i could negotiate out it was pretty much just car, tax/title.reg, and that's it. kind of refreshing after running around toyotas, hondas, and mitsubishi.

  • @nomad-Nurse-Dani2073
    @nomad-Nurse-Dani2073 20 дней назад +2

    Just bought Subaru Forester Wilderness 3G under MSRP and 2.9% APR wanted Rav4 TRD or Aventure but none in NJ but Subaru came with more features and only small increase in insurance. Also because of you learned about tied selling can't thank you enough❤

    • @KaayJaay
      @KaayJaay 17 дней назад

      Congratulations! “Tied selling”? Can you please explain?

  • @JER-mw6md
    @JER-mw6md 17 дней назад

    Lexus and Toyota have jacked their up on the Tacoma, 4Runner, Landcruiser and GX. (RE - not compared to the old Land Cruiser but to quality of the current Land Cruiser. It should be in the $40 - $50 range.)

  • @susanhayes5180
    @susanhayes5180 16 дней назад

    What should I pay for a 2024 RAV4 XLE ??

  • @DrivenWildOutdoors
    @DrivenWildOutdoors 19 дней назад

    What percentage of the higher msrp’s is increased profits over increase cost of material and labor?

  • @yeeaahhbuddy7006
    @yeeaahhbuddy7006 18 дней назад

    I like the new look

  • @therealsk8ter101
    @therealsk8ter101 20 дней назад +3

    Can we get an updated video of things to look for and negotiating for a NEW car in 2024? Thanks

    • @milyn3858
      @milyn3858 18 дней назад

      ^ this and bonus can it be with a Mazda CX-5, I really need help, this process is so stressful 🫠

  • @Soprano0913
    @Soprano0913 16 дней назад

    I just got 8%off + $1,950 rebates on infiniti qx60 this week

  • @tsparky9196
    @tsparky9196 20 дней назад +1

    Gave up trying to buy the new Corvette. By the time the prices came back down to sticker, the interest rate is prohibitive, even with 50% down. Instead, I'll spend the 30/40k to completely redo my 80s one. Without all the electronic crap that I don't need and costs a fortune to fix. Same with my 06 Mustang and F250.

    • @user-tg3vw4pd7j
      @user-tg3vw4pd7j 20 дней назад

      There better vehicles aswell all the new stuff is junk

  • @edgardoalvarez4717
    @edgardoalvarez4717 15 дней назад

    If there is a xse hybrid 2023 for 33k with 27k miles should i just go and pay maybe 5k more for a new 2024 same model?

  • @Caldwan
    @Caldwan 13 дней назад +1

    I ended up buying a 2024 Hyundai Kona SEL and feel that I got a good deal compared to a 2019 Toyota Rav4 with 80k miles I paid about 1800 less for the brand new Kona VS the 5 year old Rav4

    • @SteveWalker-ju6yo
      @SteveWalker-ju6yo 7 дней назад

      And you have a new car warranty on a NEW vehicle. Smart move!

  • @nelsonhauptman3712
    @nelsonhauptman3712 20 дней назад +6

    I wish we have this kind of content in Canada. Where can I find days of inventory north of the board?

  • @OHD3EMUSIK
    @OHD3EMUSIK 19 дней назад

    What about Mitsubishi because I am in the market for the Outlander

  • @justinchorn432
    @justinchorn432 15 часов назад

    A week ago I bought a 2023 Hyundai Sonata Limited Hybrid (top of the line trim model) with 5,000 miles. It cost me $29,777 on 7.4% interest. I'm sorta regretting it now.....I could've gotten a 24" Hyundai Elantra Limited Hybrid for identical price....BUT I could've saved $2,500 on an interest rate on a brand new car....special interest rate of 4.9%.

  • @rrsp253
    @rrsp253 16 дней назад

    New car prices can't get head around. Not selling my older vehicles. Pre 2010 when computer systems in cars went up a lot

  • @seandelaney1700
    @seandelaney1700 15 дней назад

    Is there a roughly comparable stat for Tesla? There is large interest in TSLA stock in the retail world and would be interested to compare.

  • @user-eq7rx6ew2d
    @user-eq7rx6ew2d 19 дней назад

    How much should a pdi on a used truck be

  • @user-nr2ch9pp2g
    @user-nr2ch9pp2g 20 дней назад +1

    I used to buy used, but nowadays cars are too complicated and too many things can go wrong, and mechanics cant get problems fixed properly.
    Plus cars dont have an oil dipstick anymore.
    You have to trust the dealership to do it. If you dont drive your car, past the warrenty, you dont care if they perfomed the work or not. You are still covered.
    ( twice I've been ripped off for an oilchange at a dealership)