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rarrkshaa t1_j9v76l1 wrote

Main reason I'm carless is because when I moved here last year the new and used market were still insanely overpriced due to the pandemic wrecking the supply chain.

How is it these days? Did it get way better than it was July 2022? Or is it still pretty bad?

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Roya1Je11y t1_j9vaply wrote

I just bought a car, the sticker prices are still a little over blue book (used cars) but the place I went was willing to work on the price. The interest rates will make you choke though

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CARLEtheCamry t1_j9vqbb5 wrote

I just bought a new car last week.

3 year old used models were going for what new ones were, so there was no point other than availability. Older than that, prices are stupid. As you can maybe tell by my username, I'm a Toyota fanboy - usually try to find something about 5 years old used. Those type of cars are still stupid inflated. Case in point : my wife's 2010 Camry got totaled, Blue Book Value had it worth 3500-6500, and insurance paid out nearly $9k (other person's insurance who was at fault). I paid $10k for it 7 years ago. Insane. And I don't trust Blue Book anymore.

Also Hybrids/electrics basically can't be gotten (at least from Toyota). Tried multiple dealerships. They're still dealing with supply issues. We put down a deposit on a non-hybrid model a week before it was built, still took 3 weeks for us to drive it off the lot.

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WhenRobLoweRobsLowes t1_j9v8x4p wrote

The car market hasn't improved, but it has leveled out.

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[deleted] OP t1_j9v9vre wrote

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[deleted] OP t1_j9va73g wrote

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Urbanspy87 t1_j9vifsy wrote

I haven't been car shopping but someone just posted a 10+ year old car on my local neighborhood group recently for more than blue book. They admitted it in the ad too, and tried to explain why they were justified. No, just no.

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Just_Learned_This t1_j9vrdkb wrote

It'll sell. Depends on the car but someone will take it.

The days of $2k beaters that last a year or two are gone.

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Just_Learned_This t1_j9vr4aj wrote

You're not gonna get below MSRP on anything better than a Mitsubishi Mirage. Prices have peaked but interest rates have been on their way up and will continue to rise.

Find something you like and shop around to see who will give you closest to msrp. Don't wait or you're just gonna be stuck with a higher rate come fall.

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