Waiting for supply to pick up to buy cheaper? Think again

Buy now while you can not getting any cheaper this is the future as it is now.


https://www.youtube.com/watch?v=EvXRTnZbECs

 

I was around in the 70's & 80's, the last time inflation was bad. Basically with inflation, you buy now, because it will be more expensive next year. The problem with this mindset though is that it makes it easier for the sellers to keep raising their prices. The only way it was solved was by a recession and people losing jobs which made less demand because people couldn't buy or because they were afraid to buy because they were worried about losing their job. That wasn't fun either.

 

Recession coming. Wait for a year down the road to buy.

 

The "list" prices didn't go down in the recession--they just stopped going up. So now is as cheap as the Taco will ever be. No point in waiting (except that you might have better selection and no "added dealer markup"--which when I think of it is a good reason to wait.

 

I remember going with my father and buying a new 1977 Datsun 280z for 7k. 5 years later with inflation we went down and in 1982 he bought a new 280zx for over 14k. 5 years double the price and they never went down after that. Now's the cheapest interest rate you will ever pay as well.

 

That's a sports car. Big difference in the every day car people drive back then and now. Especially used car market you watch prices are going to drop. It's going to take a bit but get ready. I say wait.

 

Even if Toyota gets "more chips" , covid goes away, world supply chains stabilize, metal prices come down; toyota is one maybe two years away from a brand new g4 Taco. I can guarantee you, all trims, will be at minimum 10% more then the g3 year previous.

 

I loved getting my monthly money market statement when it was paying 10%.

 

According to the U.S. Bureau of Labor Statistics, prices for new cars were 38.25% higher in 1982 versus 1977 (a $2,945.43 difference in value).

Between 1977 and 1982: Cars experienced an average inflation rate of 6.69% per year. This rate of change indicates significant inflation. In other words, cars costing $7,700 in the year 1977 would cost $10,645.43 in 1982 for an equivalent purchase. Compared to the overall inflation rate of 9.75% during this same period, inflation for cars was significantly lower.

In the year 1977: Pricing changed by 5.29%, which is below the average yearly change for cars during the 1977-1982 time period. Compared to inflation for all items in 1977 (6.50%), inflation for cars was lower.

 

I think cheap money has a ton to do with this. I chose to pay cash for my new auto, but at 3.9% intresest it makes way more sense to finance a 51k truck. It also means a bunch of people who truly can't afford a 50k truck can get into one. But in the late 70s 80s interest rates were like 20% + on cars. That would make a new college grad who makes 52k a year think twice about that new PRO.

 

Have to think the manufacturers will subsidize the rates but not discount the MSRP on the car, this is also when leasing really kicked in. But that grad may think "well I can drive what I don't want for $500 a month or buy what I do want for $700".

 

A 700 dollar a month car payment is over 20% of that grads yearly income. Which seems crazy to me. But then, when I was just out of college I drove my old truck and that g1 was cheap and never broke down.

 

Agreee but the way they’ll look at it is it’s only $200 more and I can stretch that. I’ll just stop drinking Starbucks at $7 a coffee.

 

Y’all know the avg grad income is closer to 70k now? They can afford pros ..might not be smart but the payment can be made

 

I paid $26,900 for my new 2007 Access Cab 4.0 Off Road in July 2007.

 

People needed to be smarter and go into the right field I’m in the tech group and only buy pros. The average being 55k tells you many picked the wrong field. Exclude computer science you are probably at 40k lol. My wife is computer science also and drives a 4runner pro. By year 3 you should be making over 100k if you are smart enough to leave and go somewhere else.

 

Sadly I'm not smart enough for a pro but I've got an OR so I'm like kinda smart I hope.

 

How many avarage college age, college grads have a TRD Pro on their radar?

 

How is that? you bought the OR so you have money to slap on better components and perform better than a PRO. Seems smarter to me.