When To Buy a NEW CAR

[@WarTheory]

two years ago I try to get my wife a Corvette... they wanted 20,000 over MSRP... today I got a phone call from the dealership and just because they like me and I'm special they'll give me 8000 under MSRP... bad times are ahead....

[@Mcsnoman92]

" because they love you and your special" is wild!!!

[@raymondreiff8170]

FACTS, You must be one of the few who heard the Government Screwed up the unemployment Data by over 800.000 Job's, Absolutely insane it's starting to get, Many have NO idea.

[@rustybumperclassics6342]

Damn, that's a swing in price. Never seen that much of a swing before. Wow

[@DreamHouseRaffleScam]

Ha ha... I took note of all of the dealerships in my area who were charging over MSRP. I won't ever purchase from those dealerships.

[@felixs1340]

still way overpriced

[@living4christ]

I just paid off my 2022 corolla hybrid. I need to keep this car until it falls apart. I learned my lesson about buying cars out of want. It feels so good not to have a car payment. We all need to keep our cars till the wheels fall off to teach these manufacturers a lesson.

[@the_paranormal_factory1812]

unfortunately, not everybody thinks this way...I'm in the market for a corolla hybrid..my 2015 Prius is about to hit 200k miles, and I need something else to replace it..I have some time to get one..not in a hurry either..

[@living4christ]

@@the_paranormal_factory1812 Does it still run good?

[@the_paranormal_factory1812]

@@living4christ it runs beautifully..was passed down to me actually

[@tdgdbs1]

@@the_paranormal_factory1812 You will miss the hatchback as I did; I have a regular Corolla and folding the seatback to haul things get old.

[@TechTusiast]

People also really, really need to start maintaining their cars properly. Oil change at least once a year or every 5000 to 7000 miles. Also gearbox oil (and differential if you have rwd or awd). After service, check that oil and filter was really changed and you were not scammed.

[@krissz22]

Just bought a brand new (2023) Mazda Miata. Never sold, drove 6h to pick it up in Texas. Msrp was 37,400 and delar sticker price was 41k I paid 32,500 out the door.

[@MoragTong_]

Lol...what's it worth now?

[@AnJBoxing]

@@MoragTong_probably 26K

[@wizzyno1566]

​@@AnJBoxinghello poors.

[@AnJBoxing]

@@wizzyno1566 hello fake rich 😂

[@Matt_K]

I hope you checked the tires for flat spots and under the hood for any corrosion or other signs of damage from this car parked for a long time. Other than that, seems like a decent deal and enjoy the car.

[@mariuss.6607]

'Wait' is turning into don't ever buy again lol.

[@tubewacha]

Yeah it's been don't buy for 3 years now.

[@thedonzo506]

im just gonna buy one because i need one. Over priced or not

[@martingriggs6362]

I bought a 2001 Toyota MR2 about 2 months ago, I love it! It will be a classic in about 1 1/2 years.

[@mattkeller2466]

No it won't. Convertibles are terrible. They're a joke compared to the early 90s mr2

[@rkd350z]

I went from I’ll finance it > I’ll save and pay cash > if I can’t buy 2, I can’t afford it. This mindset really helped me get ahead. Currently I own 6cars and a trailer. All pink slips in my drawer

[@mnn1265]

It does cost money to own all those cars, insurance, taxes, registration etc if you are actually using them... if you're just storing them... well you're losing value over time as well. There is something to be said about owning your cars outright though.

[@georgepetrillo7316]

@@mnn1265 He didn't say what cars he owns. He could very well have 4 antique/classic cars and two newer cars. If that's the case the classic cars are very cheap to insure and the tags/registration are 50% or more less than a newer cars. The other two cars could be older and only carries PIP and Liabiity for those. In this case, his costs are relatively cheap. This is just a theory. We really don't know what he has unless this person chimes in. I agree about what you stated in reference to owning the cars outright. I own mine outride as well.

[@chrislebeast]

And then we realize we cant afford anything in the US lol

[@mnn1265]

@@chrislebeast I guess you're poor because I see people driving brand new cars everyday.

[@JVS_T]

Bought a 2000 f150 regular cab 3 weeks ago with a manual transmission for $4,200 on FB marketplace with a super clean interior and good exterior. Love it

[@WTF-sh4is]

Solid purchase. I got a 2001 identical. It’s at 180,000 miles and rolling strong 💪

[@chillbro8811]

Yup ! Cold air ✅️No leaks ✅️ Runs Great✅️PAID IFF ✅️✅️ LIFE IS GOOD ✅️✅️✅️✅️✅️✅️

[@johnnybeckwith2754]

If all Americans would not buy a new car for just one year, the market would adjust wayyyyy down!

[@JamesRobbins-w3q]

If the frog had wings, it would not bump its butt when it jumps over the log 🐸😏

[@mida8261]

Yeah, but... consumerism.

[@nomadpi1]

The manufacturers are not going after consumers but are being able to sell to Public Utility vehicles. They're already making whine noises to the government for a never-pay-back bailout.

[@mnn1265]

Me thinks you forget that cars do not last indefinitely? I, for example, have a 2010 Enclave the air conditioning compressor just went out and the rising cost of repairs means that it will cost almost as much to fix it as the blue book value of the truck. After 15 years it's less cost effective to sink more money in an unreliable family vehicle that has to be dependable (to haul family). My other car is a 2016 accord with almost 200k miles - I intend to drive it till the wheels fall off but it doesn't fit my entire family so it's not an option to replace the Enclave. It's to the point I either have to invest in a new vehicle or take Uber... I have been putting it off for years but I'm going to have to buy soon out of necessity.

[@mnn1265]

@@mida8261 Or... transportation.

[@WtZuck]

I've wanted to get into a new car for 3 years now. Everyone on KZbin had been shrieking of crashing prices. Overall, it just hasn't happened. I keep fixing my 2015 Fiesta ST when something breaks, and looks like I'll keep doing it until it explodes. 130,000 miles and going strong.

[@jicalzad]

Yeah, don't plan on prices coming down anytime soon. So many KZbin videos have "crashing prices" titles because it gets the clicks, not because it's actually happening.

[@Enjoyablewalks]

True it’s not coming down.. it’s click bait , used car are expensive as new cars plus all maintenance costs

[@marvincastillo9000]

I keep fixing my 2012 focus, almost 200K. Like you, I have been checking cars for years now.

[@WtZuck]

@marvincastillo9000 It's kind of shitty. Like I've probably spent $2k the last year and a half fixing stuff. I guess still cheaper than a car payment, even a low one.

[@jaywalk6628]

Purchasing a new Subaru Legacy tomorrow, model has gone up 2% per year since 2019. Subaru is not gouging the public, like many brands are. Happy to support them.

[@EmmyPierz-ek7hi]

I’d luv a new/newer Suburban Forrester If they weren’t so “ StarWars” looking. 😳😬. CB

[@MegaActionFreak]

get smt which is easy to repair and cheap spares

[@akronorka]

I bought a new wrx for 2600 under msrp 3 weeks ago, at 4%.

[@deanmitchell9568]

I watch Brandon, homework guy, caredge and Delivrd and thought I knew everything but you taught me a lot with this post. Thank you

[@EmmyPierz-ek7hi]

CarSludge deletes your comment, but leaves swearing comments up on their board. I UnSubscribed Zay & Rack. 😳😬😠. CB

[@jerrylundegaard2592]

Branson sells $5,000 and less vehicles and rehashes the same blah, blah, blah seemingly every day. The Homework Guy sells super duper gas tablets and wants you to pay for his special car buying service. CarEdge simply rehashes the same stuff over and over and over and wants you to give them $1,000 to help you buy a vehicle. Delivrd is amusing but largely useless as a car buying guide.

[@Ravaniscool]

I looked at a 2024 Z06 and it was at MSRP, they offered me 44,500 for my Camaro but I didn't commit and know that prices for those cars will fall as time goes by in terms of incentives and so forth. My Camaro is paid in full. The dealer was like hurry up and get it because others are looking at it too and I know that's a ploy they normally use to trick people who aren't savvy when it comes to buying cars.

[@comptegoogle511]

Fall is comming, the dealers don't want to be cought with their pants down like last year when sales froze in october and had to cut a few thousand per car just to have a few walk-in during the winter.

[@NadoJoe]

I just got a 2003 Lincoln navigator with 166,000 miles but has a new engine with only 30,000 miles on it and it’s in great shape. It’s for business not really gonna be driving it but only paid 3100 San Diego.

[@salimrandall]

Classic cars, anything V8, Toyota and Honda N/A’s are all going up.

[@bikefax8177]

BMW m3 hold value as well 90’s - 2000

[@martinvalencia6141]

Corvettes in particular are still priced high even at wholesale auction. 02 C5 101k auto sold for 12k at wholesale last week 😬

[@rustybumperclassics6342]

Classic car prices slowed a bit within the last few months. There is more classic cars below $10k now. Last year everything was above $10k even in bad condition. I expect the prices to come down a bit more before the year is over. But, overall the value still holds more consistant than non classics.

[@whitemamba2720]

We’re looking at buying a RAV4. Buying a used RAV4 that is 2019-2023 is about 27-33k, with higher interest rates than buying new. I can buy a 2024 RAV4 with an interest rate about 2 points lower on the interest rate and for 31k…at the end of the day I would be spending more for the car that has 3-5 more years on it and 50-80k more miles…so I’m just getting a new one. I hear what you’re saying but I think this case is an exception

[@JerryBisMe]

You and I are literally doing the same thinking. I figured it makes sense for a decent/reliable car like a RAV 4

[@jasonzimmerer8658]

This is what I’m thinking. Used cars seem way overpriced. To simplify the math, if a car is expected to last 150k (15 years) and a new car is $30k, then a used car with 50k and 5 years old should be less than 20k. But in reality the used car might be overpriced at $23k. And it’s less likely that this used car has 100k left.

[@PachecoPachuco]

That exception is the same exact reason why your broke and have to finance a car !

[@jasonzimmerer8658]

@@PachecoPachuco he didn’t say 0% down, but you have a point

[@whitemamba2720]

@@PachecoPachuco well, ignoring the false attribution to my being broke (i.e. the exception existing doesn’t by default make me broke, it is my financial decisions that make me broke), I agree that buying a car outright saves you money over the lifetime of a potential loan- that is a no-brainer. In fact, I never thought I would buy a new car, I’ve had several cars throughout my lifetime and I have always paid cash for a used car, drove it, maintained it myself, until I’ve had to sell it. That worked just fine until I entered a professional track that has required me to have no paid employment for nearly four years now, and my wife and I are planning on having another child in the next couple of years. In the midst of this our very reliable car for which we had no payments was totaled as what I presume was a drunk driver rammed into the back of it and drove off into the night. So now, with no way to scale my income due to my contractual obligations, and now no means for transportation and a family to move around the country for the year, I needed a reliable option for a vehicle. My options were limited- I could either take the payout from the insurance company and realistically buy a sedan with about 12-14 years and 120,000 miles on it, or I could take that money and use it as a reasonably sized down payment on something more reliable- such as a newer used vehicle or a brand new vehicle. Every other time in my life, I would have just bought a used car I could afford with the insurance payout, but unfortunately, used cars with that kind of mileage and age can be prone to breaking down- there’s just no way to ensure that will never be the case. If I took that payout money, and bought a used car, which then broke down, I would have no insurance payout, no income, and no vehicle. If it were just me, I would be okay with taking that risk- but I’m not comfortable putting my family in that situation if there is an alternative. Now personally, the most important factor to me in purchasing a car is the reliability of said car, and so Toyota among a few other makes/models are my go-to. I don’t care about luxury or style, performance, etc. At the outset I was sure I would opt for a newer used vehicle, and I decided that if I were to go that route I should just go ahead and get an SUV, since we are planning on having another child within the lifetime of this next car, and a sedan would not be practical in that case. So my sights were set on something like a Toyota Rav4, Honda CR-V, or SUV’s with similar price points and reliability, perhaps a Mazda CX-5, for instance. What I found however, was the exception that I previously mentioned in my original comment- that over the lifetime of a loan on a newer used vehicle, I would pay MORE than to just buy the same make/model brand new. Of course the downside to going this route vs buying a used car I could afford outright with the insurance payout is that I would now have a monthly payment. Here’s the thing. Come next June there is about a 98% chance I’ll be making $60,000-$70,000/yr for the next three years, and then $320,000-360,000/yr thereafter. So the decision really came down to whether I would have no payment, but also no recourse if the car broke down, or a payment that I can manage for the next 8 months, which will then be relatively negligible for the next few years, and then completely irrelevant afterwards, and have a factory warranty to cover mechanical/electrical issues in the event they should occur. For me, it made sense in my specific situation to go ahead and sign up for a manageable payment that basically ensures my family and I have reliable transportation until I’m in a position financially where it becomes almost a non-issue. I don’t disagree with you that it is financially wiser to buy something with cash instead of financing it, but I have more to consider than the 2 grand I will pay in interest over the lifetime of the loan (much less if I pay it off early).

[@barjboe]

I just bought a Honda CRV service loaner with 4200 miles on it. Honda is offering .99% interest rate which is 3 points lower than buying a new one. The Flow dealership also gives you 100,00 power train warranty and 80,000 bumper to bumper warranty. I think it goes on until the end of August. Honda used cars with great credit is the best deal around. I went to Toyota and Hyundai and there cheapest rate was 5.99%. Just FYI. Also the insurance on a CRV is much cheaper than the Accord which surprised me. Good luck

[@looneyyang1326]

how much was it out the door?

[@barjboe]

@@looneyyang1326 32000

[@Johnny-bm7ry]

I notice this in the comments of videos about how bad the car market is getting. There are always tons of comments by people who say they bought a car recently. How bad can the car market really be if so many people are still buying?

[@MrSupernova111]

Yeah, Lucky completely missed the mark on this one. Many dealerships are willing to negotiate new prices. Repos are through the roof. I wouldn't touch a used car these days because many of those cars never had maintenance before they got repossessed. Also, the customer looking for a $15k clunker isn't the same customer looking for new.

[@EmmyPierz-ek7hi]

Repos are increasing As well. CB

[@aCleverFishingPun]

People NEED cars lmao. You can’t live in most parts of this garbage country without one

[@Johnny-bm7ry]

​@@aCleverFishingPun it’s because people need cars so badly that I am skeptical of the doom and gloom of the car market on KZbin. Americans will stop spending on a lot of other things before they abandon cars.

[@MrSupernova111]

@@Johnny-bm7ry . How old are you? You must of not experienced the multiple recessions we had in the last 25 years. I recommend you study some economic history if you think the US economy is infallible.

[@pbreedu]

I drove my Pontiac past the wheels falling off. Seriously my wife was upset with me because she was driving when one of the wheels literately fell off. The rim failed and the part that was bolted on to the car stayed on but the rest came off forming a rim that looked like a doughnut. We replaced that rim and kept driving it until my wife smashed it up a few years later. Fortunately, she was making a slow turn when it fell off. It was a after market rim that broke apart so I can't blame GM.

[@doubledranch871]

@pbreedu I suspect that after the wheel fell off, your wife hated that car. Maybe her smashing it up was not an......accident?

[@Stockpickervalueoriented]

I’m 21. Still driving my first truck I got when I was 16. I’ve always wanted a Camaro/Mustang, however I would be completely foolish to buy a higher end car at the current prices and interest rates. Just saving my money and investing in VOO. ✌️

[@justinjex1]

When it comes to buying a car, you have basically said,”Don’t hate the player, hate the game.” Every time I listen to you (which is every new video you post). But it’s really easy for me to Hate the player, AND HATE THE GAME. I don’t understand what’s going on. I am on the sidelines for another year I think.

[@overlordisgoogle8431]

It's been the sidelines for me as well. Since the COVID sham.

[@EmmyPierz-ek7hi]

@@overlordisgoogle8431PLANNEDemic, don’t you mean? CB

[@Xander1Sheridan]

no one should buy a car any time soon. every year you wait the prices will go down and the cars will get better.

[@BR-gz3cv]

Smart move. Or just patiently wait for what you want to show up used and being sold by a private owner. Avoid depreciation and work a deal without haggling w a dealer.

[@drewscruis]

The only way to win is to not play the game.

[@jaymirando3608]

This was a really solid video Lucky. I was gonna buy a 2-4 year old used Ranged Rover. But now I'm gonna wait until early next year.

[@PassportBrosBusinessClass]

You buy at the intersection of when you need to buy, when you want to buy and when you can afford to buy.

[@mnn1265]

I always try to buy when the market is favorable to a good deal for me, the consumer! Never buy when the conditions are unfavorable since it's a long-term investment.

[@GUNMETALGUYUSA]

💯

[@timeforachange-i3s]

Every Toyota dealership we visited have TONS of high margin Tundras and Tacomas. These cars should drop by 35%+++ off the MRSP in another 6-12 months. Especially if the stock market tanks in the next 6-9 months.

[@T1M3ATK]

Smoking crack is what most people did when they agreed to pay 10-100k ADM's on these cars/trucks/SUVS. Everything is going to DROP! Steady lads, its our time to shine very soon!

[@spunkush]

I broke my sports car back in 2021 and have been driving a economy car since then (an Impreza premium). I really want a sports cat again, but these price increases are ridiculous. I'll live with the 40mpg hatchback for a few more years I guess.

[@T1M3ATK]

@@spunkush start modding it!!! Then you have sports car again!

[@brandonmccollum6697]

Scion FRS’ are cheap rn

[@T1M3ATK]

@@brandonmccollum6697 wait until they are a steal!

[@GonzoT38]

just picked up a 2024 VW Jetta S for, all-in out the door $21.7K. Stick shift too, which was a bit of a hard find (had to settle on color, but wanted a stick more). That's 300 bucks over MSRP, all in. I'm good with that for a new purchase in 2024. Did decide to extend the bumper to bumper (Platinum plan) warranty all the way to 10 years and 120K miles (had the option to go to 150K, decided against that option) for $3.5K with military discount. Given I'm already that much into out of warranty AC repairs on my 2019 Sonata, I thought that was a cheap premium to amortize over 10 years of future repairs, which VW promises to be more expensive than the Korean and Japanese brands. So all in all, a 2024 new purchase for $25K with 10 year/120K bumper to bumper warranty, yeah I couldn't pass that up. To each their own.

[@Kahlua2U]

The reason I NEED to buy new….Improved and additional DRIVER ASSISTANCE Safety features.

[@PatrickC139]

Honestly, various car people have been saying the market is going to stabilize the past 3 years . Im at the point where i believe everyone is wrong and is just winging it Lol

[@spunkush]

Prices are down, slightly. Not enough to offset the increase in MSRP

[@HeadStronger-HS]

Inflation could drive up prices even more.

[@davidpp330]

Paid off in less than 36 months, 38.4 mpg gasoline powered which has paid for the car itself in gas savings! Oil changes, air filters, replaced battery, replaced tires, free tire rotations, replaced front brakes once. I’ll keep driving my car! I love it! And it’s a Toyota! 2017 Bought for $16K and I have a guaranteed buyer for $10K no matter how long I drive it!

[@mictdave1]

I paid off my truck this month. It’s the first time in 30 years I haven’t had a payment. Right now I can justify not upgrading because of the ridiculous pricing, but I’m nervous because I think we’re going to see massive discounts by the end of the year. I’m one of those guys that wants the new shiny toy on the block. I hope I can wait at least 3 years before buying again.

[@johnsanford3596]

The Cliff Notes version: Unless you NEED it or it's a classic car, wait.

[@revnation_auto]

I bought one of the last production 2024 Camaro 1SS manual for $4k under sticker 8 months ago. I could sell it on bring a trailer for probably $10-$12k more than I paid. They only made 49 of the spec I got.

[@rachegreenrg]

$5-$7k cash is good price for used Japanese car. Paid $7k for my Infiniti g37, great car no problems. Good bye dealers and banks.

[@marcodarko6941]

That's exactly what I'm talking about. 10 years ago I always thought I needed a new car every few years but I currently have an 8 year old paid off, loaded up Toyota that still looks and drives like new. I am totally cool with another 5, 7 or 8 years with it or whatever I can get out of it, I am not tired of it in the least bit. Not to mention I have a great mechanic that knows it inside and out.

[@EmmyPierz-ek7hi]

Same here Currently driving a Used 2008 Scion xB 124,000 miles. Like new condition, running strong. CB

[@damianpokoj1065]

I just wanted to say....THANK YOU! This is Lucky that I appreciate and want to watch - solid advice, no BS. Not a sponsored video that sells "buy their products because they paid me!". I get sponsored videos pay more (and upfront) vs per view by KZbin.... but this is the video I'll watch in it's entirety and like, vs sponsored video that I'll probably skip after a few seconds and might even press 👎 button.

[@Here.WeGoNow]

I bought a used 2013 gs350 with 69k miles for 18k and I love it. It’s in pristine condition, and for sale by owner with all the Lexus service records. It will easily last me another 5 years and I couldn’t be happier.

[@Txcowboy80]

I bought the same car in 2021 w/28k miles for $24k (paid off now) and its a solid car. They can go for 250k + miles easily. Make sure to change all the fluids (brake, antifreeze, differential.)

[@Here.WeGoNow]

@@Txcowboy80 if it was just a little faster it would be the perfect car.

[@Txcowboy80]

@@Here.WeGoNow yeah, I wish the GSF or RCF were priced in the same realm as the 350’s. Now those are perfect cars in my opinion. 😂

[@Here.WeGoNow]

@@Txcowboy80 have you ever driven one of those ? They don’t drive like the gs

[@Jay7682]

I followed your advice from a few videos ago Lucky. I bought a 2016 Corolla last month fir $13K. But before I did that i did my dye diligence. I went through my own bank and went to the dealer after my bank approval and what not. I put about $2K down on it, got a nice interest rate and my payment oer month is very low (Just iver $300/minth). My other car, my 2016 Camry, is paid off. I had to get another car because my morher wrecked hers. I financed for 5 years byt ull be able to pay this off within 2. As ill double up my payments. But its like you said, prepare and do due diligence. Also living within my means. And having both a Camry and Corolla you really cabt go wrong as far as reliability. So both my cars will last a while. But i owe you thanks because your videis really helped prepare me for buying.

[@Ms.MD7]

Someone T-boned my Corolla and I'm heartbroken; that car was so good to me and it was only still 71k miles. I wanna get another Corolla or possibly a Camry but damn they definitely increased in price.

[@Jbombjohnson]

My wife and I just purchased a brand new 2025 Honda CRV EX-L with 12 miles on the dash as we had one of our vehicles stolen and we wanted to upgrade, and stay in something reliable. After negotiating, we got the car for $4000 under MSRP, and qualified for 3.9% APR with no stipulations or extras. We did opt for GAP for the first couple years just in case (we are in AZ with the worst drivers around). Our insurance went DOWN despite buying a brand new vehicle. Now is actually a good time to buy if you have some cash, and good credit. Dealers are looking to make deals, and rates are falling. Of course, cars are almost never an appreciating investment and we will be losing money up front, but I see us keeping it for 10 years so long term this is a good choice for us. YMMV

[@boremenot2022]

$4000 under MSRP including taxes and fees? Thank you

[@awesomearizona-dino]

Lucky thank you for all the help you bring us, we appreciate the education. i believe 24-36 months will stabilize the entire car market, , UNLESS the feds make serious cuts sooner.

[@davidalexoff1658]

The best time to buy is near the end of the month. Dealers are trying to meet quota.

[@exmarine268]

At these prices, NEVER is the answer. Just wait - fire sale coming.

[@RealBusinessEvan]

Leased a 24 BMW i7 for my business, $130k msrp, $1200 a month $0 down 12k miles per year. Crazy incentives and discounts. Shopped around for insurance went from $1100 per month to $150 per month. Save $400 a month on fuel from our Escalade. We never keep a car longer than 3 years. We're effectively paying $43,000 for a $70,000 lease.

[@lserranov]

is paying 1350/month a good deal for a car that you can drive 12k miles a year? I do not think so

[@michellecadwell4305]

@@lserranov He spent 1350 to save 400 LOL

[@-Jason-L]

@lserranov its a business lease.. write off, plus depreciation.. if his business drives under 12k, its a great move

[@RealBusinessEvan]

@lserranov my business use and personal use doesn't ever go over 10k. It's a deal considering the car is $130k and my 70k Escalade was exactly the same 🤣 and free charging for 3 years.

[@RealBusinessEvan]

@@michellecadwell4305 lol, I'm going to go broke!! 🤣🤣

[@Revelocity]

For the classic cars - anything 1980s - mid 2000s (German cars, BMWs for me), are starting to be a bit ridiculous, since their prices are going up. I grew up seeing these cars being the "craigslist specials" for like $3000 bucks, now some of these things are $7000+ in a "driver, but fixer upper" state. The only downside for most is that some of these cars (that were driven and taken care of) show upwards of 200k+, most people get scared but being in Illinois and as long as its rust free and a weird spec, clean title and so on.... for the most part its worth it if you want something "old school". I already missed out on some cool E46 M3 Deals (granted they were SMGs) but iv seen E46 M3s for $5000-$8000 (coupes). Someone listed a E46 M3 manual for like $10,000 the other day and it was gone with in minutes of the ad going up for sale.

[@codesml]

Lucky, I’m really interested in vans: Sienna, Odyssey, etc. They seem to be holding high values.

[@JMZM7907]

Used cars are not budging. A used 2 year old Civic cost 2/3 grand less than new. Also, wages have skyrocket during the CVid and that is a huge part of the cost as well. So no, you need to see massive layoffs to see price drops.

[@rastaman7140]

09 Si with a supercharge, no car payment and it’s a blast to drive.

[@PikminGod]

Patiently waiting for an update on the minivan market

[@steveherr450]

some of the people think i am nuts for doing this but others are glad because they have been buying parts from me at a lower price. what i have been doing is buying up liquidation pallets that have new car parts on. I have brought around $100,000 worth of nos car parts for just shy of $10,000 so far. they don't want to sell car parts when the car starts to age out because so many just toss them out and buy something newer. I own a few cars around here and whenever i find pallets that have stuff on that matches my vehicles i buy that pallet but there is always stuff on it i have no need for and resale. the easy stuff to resale off of them are like the civic and accord parts(economy cars) but your more expensive vehicles like your escalade, those are hard to sell. i am watching a honda pilot that is local to me that auctions off this week that has suspension damage that is quite cheap yet and i have all the parts here for it to fix it, so i might have a pilot for sale in 2 weeks.

[@MoreJamesSmith]

My 2011 Expedition was breaking down left and right and began making that infamous engine tick. Got rid of that thing quick last month and got a 2021 GX 460. Hoping for at least 20 years out of this thing.

[@johnanderson9735]

With the FED announcing a rate cut some activity may pick up when that happens. But insurance costs and prices will still be a huge drag on the overall costs. This will be interesting to see if rate cuts make much of a difference at all when they happen.

[@melljones8876]

Powell just spoke today we’re not getting shyt. He got on that podium & said a bunch of nothing.

[@bryonwatkins1432]

When he gets to talking about classic cars at the 14 minute mark, he’s EXACTLY right!!!! Those that remember the Dodge Stealth R/T TT AWD AWS, i picked up a clean one last year for $22,500.00!!!! i bought it because an ex-girlfriend of mine bought one a 1993 model and i fell in love with it!!!! When i bought mine, i had no idea the inquires that were to come!!!! A LOT of Gen Z and young Millennials would always ask about it and take pictures of her!!!! One youngest, a serious buyer, he offered me $28,000 and another one a few weeks later, semi serious, he offered $30,000!!!! Nope and nope!!!! It REALLY hit me while stopped at a stop 🛑 light!!!! A, no bullshit, Dodge Challenger, not Charger, a Challenger, was RIGHT next to me, the youngsters were in the crosswalk!!!! When they saw my car, they were in aw asking about it and taking overs of it!!!! It was at that moment i decided to store her and put Classical Insurance on her!!!! i was lucky because a friend let me store it inside of his garage and charges me only $125 a month for storage because he doesn’t need the money!!!! Car storage is usually $350!!!! Lastly, if you can get a 1991-1993 Dodge Stealth R/T TT AWD AWS, 1991-1999 Mitsubishi 3000 GT VR4, and 1991-1993 Nissan 300 ZX 2+2, get one or two of you can!!!! There are VERY popular in 2024!!!! Their character in body style ALONE, nice!!!!

[@FYoCouchN]

I just imported a '97 Toyota Mark II and looking at a couple other 90s JDM cars before drifters wreck/buy up everything left. I'm also contemplating 90s-early 2000s muscle cars.

[@PassportBrosBusinessClass]

My 2025 JEEP SRT is in excellent condition. People ask me all the time how much I want for it. Been paid off for years. I keep it just to look at while I drive my Cadillac Lyriq.

[@MoreJamesSmith]

How has a 2025 model been paid off for years? It's still 2024.

[@DarkClosetOfTheMind]

I've been looking for a used 911 and noticed that just this week the 911GT3 RS 991s have dropped by 20-30k. I was shocked. They can be had for well under $200k now.

[@FoYo1005]

This video makes me regret passing up a couple of analog, manual transmission sports coupes in the last year. I need more garage space for my investments.

[@typicalbaldgamer7061]

If you're in the market for a new truck, look at the 2024 Ford F150 STX... They're offering around $10k of discounts. Many of these trucks have been on the lot for over 100 days. They're good trucks. With the $10k off, the prices are typically around $40k. Not cheap, but with all the technology that comes standard, it isn't the worst deal in the world. With so many base model vehicles offering more tech than they used to, it makes sense that base model costs are going to be higher than they used to be... They're definitely still too high imo, but not outrageous... The luxury trims are the ones with outrageous prices.

[@Tearflavoredcereal]

Looked at two of them and the cheapest with all taxes and fee came out to 51,000. I said na… I’ll wait a year

[@TerriN-y3o]

I’m looking at buying a 2024 4 runner TRD PRO because this is the last year of the beast engine V6.

[@robc8468]

We own 2018 and 2021 Jeep Grand Cherokee Laredo's and a 2019 Challenger all ewere bought new from $32k to $38k. I plan to keep all three for ten years or longer. I would ot hesitate to put $10k into any of these in repairs rather than buying a replacement.

[@kennordsfan1494]

I have been looking for a corvette C4 or 5 here for the last 2 years. Last year was just ridiculous as people were paying 35 grand in Canada here for a 2001 corvette convertible with 60 thousand miles? This those same people are selling them for 24 to 26 grand. But the last couple of weeks most have dropped to 18 to 22 grand. The other funny thing is all the automatics sell first late summer and 90% for sale right now are manuals. Some have been for sale for the past two summers? I will buy one at around 16 depending on repairs and mods which thanks to Covid these were bought as toys and ZERO has been done to many. Crazy times

[@taratong9074]

I have a 2020 Escalade and love it! I will not pay the current price for the new ones! We just put a bunch of money in it to do all the big maintenance!

[@jeffreyhall5033]

Thank You Lucky. Good information. Keep it up.

[@gordonclark7632]

It's not happening here in Australia. Prices are up on new models and also used vehicles because people can't afford the new car prices.

[@Bugg5zGaming]

I have an 87' El Camino, she just needs all brand-new fluids, maybe a fuel tank and new tires and should be good to go. My great grandpa left her for me but I was too young at the time to take care of her and so she has sat for the better part of 12+ years. Ran when parked and I have a brand-new engine and transmission for it. I'm genuinely thinking of getting it up and running since that'll be cheaper than going out and getting into debt to get a new car or even spending 10-15k on a new to me used car. I wouldn't be daily driving it as my mom has a 2024 Honda CRV that is plenty reliable for me to get to work with at the moment. The car market is not what it was when I was 14 or 15 and a mustang gt with the performance pack before they even came out with the 2018 refresh and made the performance pack level 1 and performance pack level 2, and you could get a 2015 or 2016 mustang gt premium with a manual transmission or automatic with the performance package and not pay more than 42 maybe 43k if it had all weather floor mats or some bs dealer upsell. Nowdays well optioned mustang gt premiums are going for 65-70k+, absolutely bonkers

[@audearing27]

I just got amazing deal at Acura today, saved 18k!!! They are dumping the 2024s they have left.

[@dnn32]

Saved 18k😮😮. What Acura model you get?

[@sammyjammy6647]

These comments won’t help if you don’t tell us how you saved the 18k, which dealership, and what the negotiations were

[@maxxbenzz7842]

Yea ok. I saved 50k on a new Ram. I paid 10k for a brand new one🙄 7:36

[@DavidisNice]

I almost got into a loan to buy a 2021 Sienna Limited. However I have notice prices dropping even though these vans are in high demand still. I am hoping by winter, it’ll make more sense to buy one.

[@KingVoodoo226]

Lucky out here spittin straight facts. Also imagine American consumers pulled a GameStop on the car market?!?

[@BigJon9595]

Im borderline needing anew truck. no ac..they want 3500k to fix it...almost need tires... gettng rusty.shocks leaking, nead new evap canister for another 3k....need more etc... but my tacoma has been paid off for 9 years.., I refuse to pay current prices.... but im balancing repairs versus buying a used newer one.. its a balancing act...im on the fence

[@Coldclood]

What I did is took out a personal loan to fix my 08 silverado that needed a new engine. It was cheaper in the long run, took out 7k to get a refurb engine installed and a little extra to modernize it a little bit. Absolutely way better than buying a new truck.

[@Coldclood]

Lemme know what you end hp doing and if it works out for you

[@salimrandall]

Repair it. The V8 is gone.

[@BigJon9595]

@@Coldclood Thaks so far.. my repairs to keep it running are more koneybthan buying a used truck in better shape! im just conflicted

[@dasppg9737]

Fix it. You can do the shocks yourself. Tires are a given on any vehicle so it doesn’t really count.

[@lt.awesome4418]

What about a 4runner? They seem to hold their value no matter what

[@zarfx4127]

I got 2023 Ram 2500 57000 out the door. Brand new. 40 miles on it.

[@4X4ish]

*the bank got.

[@drillnation6779]

It isn’t worth 57K today that’s the PROBLEM we’re having..

[@zarfx4127]

@@drillnation6779 no it's not worth the sticker price of 74000. It's a 2500. def worth. 57. diesel. cummins big horn. They took off 17000. never should have been priced at 73599

[@drillnation6779]

@@zarfx4127 what’s the trim level and mileage brother. I guarantee you you’re upside down on the truck sadly

[@ZiskaR-m6o]

I was not looking but I may have too my suv has problem my regular mechanic hist software can not find the computer issue have to take it to a dealer and they tend to overcharge to fix things so I guess I will find out this week. Yes I will be buying a used if i have to buy but I need 4x4 and towing I am a Boyscout leader so I go into the woods and sometimes I need to tow stuff and transport Boys places.

[@cerial0411]

One thing you did not mention is repo's. A dealership that specializes in buying repo's while still inspecting and warrantying those 3-5 year old cars is going to be in demand here real soon. I am sitting on classic car parts. I figure another 18 to 24 months I can make around 30% more then right now.

[@kilsuhan6988]

I went to Toyota dealership for a new land cruiser. $788,000 MSRP + $9,900 dealerships premium 10% down, $1300/month for 60 months for financing 10% down, $1600/month for 36 months for lease Crazy….

[@sprinkle61]

My personal finances took a big hit recently, so the only plan is to buy a second 15 yr old clunker, so I have two cars and probably one will be good, if the other one goes into the shop.

[@mostwantedmotor]

Some new cars really didn’t change much at all and are great deals if you can skip the bs add ons. A camry really didn’t change the value relative as prepandemic. 2024 camry msrp 26k. 10 years ago it was 22k starting.

[@BC_CARS]

Still got my 03 Camry with over 320k on the dash and she never skips a beat. Somewhat halfway in the market for another car. Probs a Q50 or an older Lexus.

[@90milla]

I wish all cars would last 320k

[@BC_CARS]

@@90milla comes down to maintenance. Like 3 years ago I had the entire front suspension rebuilt. Struts, toe arms all the bushings, everything. Cost me 2 grand but worth it. Most cars nowadays should be able to if the owner only goes 2500-3k miles on their oil changes instead of the restarted 5-10k that is now being recommended

[@hklilly4854]

If you buy the right brands and have a set of tools miles shouldn’t scare you. Get the car paid for and save a $1000 for maintenance budget and keep moving. Cars are not assets but liabilities. Cost of ownership is what matters. Buying after 100k miles is the way for me.

[@DiscoveryYSC]

I'm currently chasing two cars I would love to own, an Alfa GTV6 and a Triumph TR250 and I agree with your views on classic car pricing. This is the time to buy as analogue cars are great from a maintenance standpoint and both of those cars can be diagnosed by someone of my age. I will never buy another car with a ECM or TCM again, and I currently own a car with 22 modules. Nightmare.

[@courtneynicholson122]

Always wanted a Mustang and in 73 could have bought one...but went with a "practical" Mazda RX-2....check the prices today! (RX-2 was a Wankel Rotary engine that blew at 60k miles)

[@ChallengerJunky]

Right now I am looking at some 2014-2016 R8s and I have been seeing a lot of cars I follow sitting for months, the odd one reduces in price slightly but most of the dealers I have contacted are still unwilling to budge on price. Its crazy to see a car posted for 6 months and when I call they refuse to negotiate at all... I am hoping to see these come down another 10-15k over the next year or so and then I can scoop up an older budget exotic at a major discount!

[@brentlorrilliere6057]

Until these big "used" car dealerships start losing cash again, you have to sit on the sidelines. Carvana's stock price went from $50 to $350 per share between 2020-2021 based on sales volume. In 2022, it dropped back down below $5 a share. It has now climbed back to $150 and keeps rising. These stocks aren't rising because the consumer is getting "great" deals.

[@DiocletianQ3T]

Bought a new 2024 Kona N line. All options and AWD. MSRP was $34,808, got it for $700 under invoice(a little over 30k), saved over $5k off MSRP, zero down and lowest rate. I’m happy with my cheap car

[@EmmyPierz-ek7hi]

the “cheap” comes out expensive😳.CB

[@chillpzico]

What about when the fed starts cutting rates and starts the money printer up again? Options markets are saying 4-5 rate cuts before the end of the year.

[@ty6099lle]

Lucky Lopez is smart and solid muscle!

[@BennieJames-g3n]

2009 Corvette 3lt with 14k miles paid $24K.. my thougths too

[@JuanBáez-q7k]

New cars , and the highier prices , too . Not just , highier interests .

[@rustybumperclassics6342]

100% accurate with classic car market. Prices have chilled out a little bit and some dudes are hard up for cash. Just cruise fb marketplace and offerup, type in "my loss your gain" or "need cash" see all the deals

[@TropicTrdr]

I'm convinced that if you just want to have some fun with a hobby car, the C4 or C5 Corvette is the performance bargain.

[@jbcope1000]

C5 with a manual is where it's at. I have both and the c5 blows the doors of the c4 all around.

[@ralph832]

Insurance is a large part of car ownership - will State Farm's Drive Safe and Save, Progressive Snapshot or Allstate Drivewise, etc. programs get you more savings and are they worth the hassle? Keep the videos coming.

[@TheChenny73]

It’s never a “need”. It’s almost always more economical to repair your vehicle.

[@ml348126]

I noticed you don't talk about leasing. Any advice for the leasers out there?

[@uther10]

Jeez so depressing. Thanks for the cold info.

[@antillie7]

So what segment would a minivan fall into? What are your thoughts on them?

[@PassportBrosBusinessClass]

I would NEVER take out debt to buy a classic car. If you can’t afford it in cash, you shouldn’t be buying it.

[@_petar]

How can you pay over MSRP for a new car, never bought without a good discount otherwise no deal also make sure you like most of the things and it has the right options otherwise you will want to sell it too soon.

[@BTC909]

Slap a SOLD graphic on that R8 closing video.

[@chaleowin7732]

I need/want a Ranger Raptor, used is not a an option. Just need to find a dealership with minimal markups.

[@DavidDLee]

Getting an exotic Corolla Cross. Waiting for the market do dip. Seriously, if you want an exotic as an investment, it is usually means you want the car and lying to yourself. It's hard to make consistent income from investing in exotics.

[@wessink4584]

I’m in the market for a half ton truck, been looking at new and used (1-2 years old) if it’s got low mileage they’re as expensive as new w the $8-$12k discounts and rebates they’re offering around my area. What’s also bad is trade in value is going down

[@davidSFL79]

Currently looking for an economy class car. Seen some pretty good deals, but I’m convinced that I’ll start seeing more in the near future

[@list3ningcalmly796]

2013-2014 Mercedes C300 - One of the most reliable platforms out there and great bang for the buck.

[@user-tb7rn1il3q]

@@list3ningcalmly796They get poor mpg and are unsafe. Get a small SUV instead.

[@mnn1265]

Get a 10 year old Honda or Toyota and drive it for another 200k miles.

[@renziscool]

What about a Toyota sienna. Want to upsize with our family growing.

[@AlGodgiven]

Hi LUCKY! Thanks for the video! I enjoy watching every time you upload! What’s your opinion on buy here pay here dealers? Is it a better option?