Local Dealer is offering me 38K for my 2020 TRD OFF-Road. Is that good?

How much for the mini?

I'm looking

 

Vehicle prices have nothing to do with the Fed bro. The Fed has nothing to do with the supply chain and lack of silicone chips needed to build modern cars.

 

No idea i'm guessing somewhere between $24500-$25500.

2018 Cooper S, six speed manual, slick roof, moonwalk grey/ black roof, HK sound, dynamic dampening, JCW interior package in cloth, JCW tuning kit with pro exhaust 208HP, JCW race spoke wheels, JCW big brake kit.

It currently has just under 23k for miles, dealer serviced from new. I'm the second owner

 

If the fed raises rates, you'll see a massive vehicle dump which will depress the prices of everything. It's funny that no one finds it odd that despite low employment participation, jobless claims that have been over 300k a week for over a year, mortgage, student loan and rents being pushed off that people think the economy is healthy. I know doom and gloom, but suddenly being or feeling broke a new vehicle doesn't seem like a good idea.

The only reason why they keep pushing off evictions, student loan and mortgage payments is they know consumer spending will fall off a cliff.

 

Did you notice both of them are on a Toyota stealership lot?

 

I dont get what the deal is with salvage titles, even on offer up salvage titles are the same price as clear titles.

 

I'm sure they'll find an ass for those seats, but after taxes the buyer is going to be $50k all in. Pre covid that would be new Pro territory.

 

Salvage title means anything from all the airbags went off to found it on the bottom of a lake

Some dipshit will buy it & some unscrupulous lender will fiance it for 72 months

 

I think you're off base here. Vehicle prices have increased due to supply-side constraints in the last year. Demand was depressed for a time at the start of covid and since it's come back the supply hasn't been able to keep up. A change in rates from the Fed (which only tell banks how much it'll cost them to borrow from other banks) won't do anything to vehicle demand or supply, which is what's determining these prices.

 

It won't be just the prices vehicles that are affected. I suspect that stock, houses and a whole host of other stuff will go down in value. When people feel broke or are broke they tend to liquidate stuff they don't need. If and when the fed raises rates the housing market will slow making even more people feel broke.

Suddenly the idea of buying an over priced vehicle or meme stock doesn't seem like such a good idea. The supply side won't matter when buyers aren't banging on the doors as much to buy. I suspect the only reason we've seen record vehicle sales is because eviction mortorium, mortgage forbearance, student loans being pushed off made people feel ghetto rich.

I can see both sides, but the fed is stuck in the low rate roach motel so this could go on for another ten years.

 

PM me pictures of the mini & where are you located?

 

And then we'll see them posting here asking why it shifts funny and it's making squeaky noises