In my opinion it is not the best time to buy a new car. They are still way overpriced. The best thing to do is adhere to the maintenance requirements for your current car. Keep it as long as you can. Cars used to be depreciating assets. No more. They are now depreciating liabilities. A big difference. Think about it.
@markholubetz17 күн бұрын
Totally agree, and only buy if you need to. Wait is best.
@Justiceone8811 күн бұрын
Agree, wth is wrong with this guy
@DanGilliland-pi4vh7 күн бұрын
Exactly so true they are designed for 5-7 years ,the whole idea is to keep you with never ending enslaving car payments. No thanks. We will maintain our paid for vehicles,it's much more practical and way cheaper to insure
@JeffersonRah3 күн бұрын
If really needed to "buy" a new car. Wouldn't leasing a car be the best since every vehicle seems to be in need of maintenance after 2 years? I don't have a car payment but I feel like if I needed to, I'd rather lease.
@totljag1Күн бұрын
I still have my 1998 Dodge Ram Van 😜
@highendtrends35088 күн бұрын
About time someone speaks about purchasing luxury cars. No body is talking about buying luxury cars at this point and time. Everyone is talking about Toyota and jeep or Nissan.
@markholubetz8 күн бұрын
Cheers
@Vincent-ke5zn16 күн бұрын
My father would haunt me the rest of my life if I paid over MSRP on any vehicle
@DarrylRay-ne2cx17 күн бұрын
Prices are still in excess of 20% overpriced and here in the states, interest rates are well above 6% for buyers with excellent credit. I'm going to continue to pass.
@markholubetz17 күн бұрын
Yes far too much
@MileHighSteve2417 күн бұрын
Just got approved for 70k at 3.85% with Navy Fed
@tonycortese876016 күн бұрын
More like 30%
@marshalltheman78117 күн бұрын
@@MileHighSteve24Nice, what kind of vehicle is the loan for??
@rohitnijhawan52817 күн бұрын
@@markholubetz Yes. I am in the market for a nice used car. I would be absoutely foolish to buy a 2018 - 2023 Honda or toyota. Or even Subaru. They are listed for their *original MSRP* from that year with no warranty and 80k miles. I am looking at a Jetta S manual for just about 20k brand new. What do you think? Your input is appreciated.
@virgilpalmer242717 күн бұрын
You're crazy... Maybe next spring
@markholubetz17 күн бұрын
Yes definitely wait. Only buy if you really need to.
@jeffreybischoff677217 күн бұрын
I would like to move up in size from compact to midsized. Currently in a 2012 Honda CRV with 83,400+ miles, paid off. Contemplating a Ridgeline or Passport. With insurance costs, inflation, interest, etc. The other part of me, says hold off.
@markholubetz17 күн бұрын
Great choice on vehicles and the new Ridgeline is great. I do still say wait it out as long as g as possible.
@jeffreybischoff677216 күн бұрын
@@markholubetz I'm going to try to. However, I was in a 4 car accident, two years ago, and rear ended by a truck last year. My local mechanic said they found slight frame damage and rust. The mechanic said, we're keeping an eye on it, everything time I come in for service (say every 5,000 miles for oil change) and while I'm ok, for now; but they said; it wouldn't hurt, to do my homework (window shopping, seat in it, and test drives) in the meantime. Yet, I loathe the stealerships.
@thomasmint176116 күн бұрын
So if the vast majority of this video is that it’s still not a great buyer’s market (I agree, I’ve been testing it for 9 months), why is the headline of this video “It’s Time To Buy A New Car”? C’mon man, I know you want eyeballs, but don’t be one of those guys
@iam_ismell12 күн бұрын
Just purchased 2 cars in the span of (3) days. We picked up a 2024 fully loaded Mazda Cx-30 turbo premium plus out the door for $26,500 as well as a 2025 Kia K5 GT Line (with the options package) right right at 30,000 - 3K under sticker. We made it out of both dealerships keeping our payments around 400 each We’re planning on turning around in about a week and refinancing with our credit unions for an even lower payment /rate. Dealers are putting ALOT of incentives and marking cars down right now just be ready to negotiate for the price you want
@orionschroeder940117 күн бұрын
It's NOT the right time to buy a vehicle now Mark, in my opinion. The deals will get better, they will have too in order to blow-out all this Inventory which is sitting and experiencing Lot-Rot! I would say wait longer yet, a couple months once all the 2025's have rolled out will get it hotter yet!
@markholubetz17 күн бұрын
I agree with you. It’s really still not a great time and waiting is best. If a person really needs to, then it is better than 2 years ago, but waiting is still best.
@MileHighSteve2417 күн бұрын
I want to wait with you guys but I just don’t know if I’ll be able to find a 24 ram limited spec’d how I want in a few more money there is only a couple hundred left
@thomasmint176116 күн бұрын
@@MileHighSteve24The needle hasn’t moved that significantly on 24 inventory. I’ve been tracking it
@MileHighSteve2416 күн бұрын
@@thomasmint1761 I just found a 24 spec'd exactly how I want it. Only downside is its a demo car with 4k miles. OTD 66k, I dont know if I can turn this one down.
@Mike-ew9zn17 күн бұрын
Bought in Michigan live in Florida. Ford Truck XPlan 2 grand insensitives no markups nor fees of any kind… Shop it isn’t very hard!
@brankomihaljevic70617 күн бұрын
Hi Mike,just want to say hi from 🇨🇦 how hard..and is it worth to bring cars to Canada, tnx.🙏🍻😎🛻
@workingbulldogs5 күн бұрын
Wow I had no idea you had more than one channel. I’ve been following your other one for a few weeks now and just stumbled across this one. I’m like, that looks like the Retiree is me guy lol! Anyways, I have been working in the auto industry for 30 years AND have been seriously contemplating retiring (thanks to ‘30 years and out’) so I really appreciate your content. I’m 53 and still sitting on the fence over retirement but this constant volatility in the industry is really starting to get old. Keep up the good work.
@glennalexander54834 күн бұрын
Unless they're going to give you 0% APR for at least 60 months don't even waste your time just wait it out the market's gonna crash soon and everything will go to normal
@JM-kx5op17 күн бұрын
Well I purchased a 2024 4 runner because now all Toyota is going to 4 cylinder turbos. Tacos and 4 runner. 4 runner is the last of the tanks. 2023 tacos and older are good. Lucky I have both. Only thing that really bothers me is maybe I’m doing it wrong. Maybe just trade and buy new every 5 years. It can’t break down in 5 years or at least I hope not.
@TheDallasHomeGuide17 күн бұрын
My brother got about 14% off of MSRP and got the manufacturer rate of 1.9. Sierra Denali
@glennalexander54834 күн бұрын
He's absolutely right if you want to flush your money down the toilet just buy an electric vehicle or pick up truck😂😢😂😂
@tomsanchez967213 күн бұрын
2004 Toyota with 290k miles , is a baller. Gets to work and home.
@johngarcia687617 күн бұрын
Maybe a used beater....$5k max.
@markholubetz17 күн бұрын
Yes me much
@eastcoastlife354717 күн бұрын
No it’s not!!! Prices still high and interest rates maxed out 👎 crazy prices for leases..
@markholubetz17 күн бұрын
Spotty buys mostly not the best time
@All-Miles-Matter16 күн бұрын
I don't know man I purchased a Nissan frontier Pro 4x for $6,000 under MSRP and I still got the promotional interest rate. Really the proper answer is if you are a super prime credit holder you're going to pay less.....period. if you know you know
@carl953117 күн бұрын
The whole ponzi financial system is coming down, if we make it to the US selection in Nov 5 it will be a miracle.
@markholubetz17 күн бұрын
Timberrrrrr
@michaelbell39015 күн бұрын
2013 subaru outback 115.000 miles and paid for. I think Im good for a good while.😊
@jvolstad16 күн бұрын
It's like a Realtor telling buyers it's a great time to buy.
@dave365716 күн бұрын
Depends a lot on your needs and where you are. I was ready to buy a new car, but I ended up fixing up my current vehicles, so I decided to wait. A friend of mine had a vehicle break last year, wasn’t worth repairing, had to buy a used vehicle. Now he is looking to replace an old truck. Went to a dealer, price way too high, dealer won’t budge on price. Months have passed, truck still there, price still the same. 🤷🏻 It’s pretty much buy a car only if you absolutely have too right now.
@markholubetz16 күн бұрын
Cheers
@davea403717 күн бұрын
Not sure if you caught wind about this or not Mark, but the great grandson of the founder of chrysler sent a 17 page proposal to purchase the american brands out from stellantis to save them. Hope he succeeds but it may be too late. I saw this news from a racer x video. It actually has a clip of the great grandson saying this. As always, thank you for the great videos.
@dampergoldenrod415616 күн бұрын
Frank B. Rhodes, Jr., great-grandson to Chrysler founder Walter P. Chrysler, wants to buy his namesake's brand, as well as Dodge, Plymouth, and Mopar, from Stellantis.
@markholubetz16 күн бұрын
Yes indeed I saw that piece of news and I can imagine. Maybe some of these brands need to be parted like this to breathe a new life.
@johnblack491511 күн бұрын
It's not gonna work the Euros aka Mario Bros is not gonna budge unless in years time they will dump them
@In-obscurity-n7j17 күн бұрын
Our sedan was 20 years old. A Chrysler Sebring, for goodness sake. I had to get a car. I wanted a hybrid. The Accords are too much plus dealerships still think it 2022. I need one long term that rules out the Sonata. Toyota offered me 10% off MSRP and TFS offered 4.99% I think that was about the best I could do.
@markholubetz16 күн бұрын
Thanks for sharing
@andykapustik173313 күн бұрын
Which model Toyota was it?
@In-obscurity-n7j12 күн бұрын
@@andykapustik1733 Camry
@Spaethon14 күн бұрын
Save your money, maintain your vehicle, maintain, maintain, can't say that enough. Replace your power steering fluid, flush the radiator, do more than just oil changes. Keep your car running another 5 years, then check the market. However, I have a feeling that 1990s vehicles, 4 cylinders, coups and convertibles especially, will substantially increase in value in the coming few years. If you want to buy a cheap car that will sharply appreciate in value, if it were me, I'd be shopping 1990s today. Otherwise, don't throw your money away on a car today. They are still way too expensive.
@epursimuove163317 күн бұрын
Sounds like there was a lot of slack in the market-makes sense to upcharge as much as possible when the opportunity presents itself especially for essential vehicles like trucks. No shame in profit seeking
@tdisportwagen14 күн бұрын
Thanks for being honest about continued unaffordability! Tired of all of the clickbait garbage in the YT car segment.
@vgt6711 күн бұрын
Don't buy on emotions, best time to buy is when you can pay fully. If borrowing, make very sure if you can afford the monthly payments. 4 or less years max. Interests will ruin you if you miscalculate
@markholubetz11 күн бұрын
You are so right
@andredaedone773217 күн бұрын
I was looking for a 2024 Nissan Frontier but now I will look for a 2025. Nothing available for what I want in 2024. See what happens.
@K1ng988810 күн бұрын
My apartment building is 8 doors, 16 parking spots...... 9 are new nissans..... I was wondering what the heck was going on..... mostly military though..... our lancer gts got crashed now renting a 2023 s4 audi.... learned our lesson in 2016 with a a6 audi and repair costs.... cant get a newer lancer for a good price unless its trashed so going wrx maybe..... prices are suppressed market is flooded and I has cash...... such a weird time for used cars....but I am glad its now and not 2 years ago.
@RZ-sh6yi17 күн бұрын
Still a no go for me based on all of the above reasons. Quoted several new mid to small suv and added a substantial amount to my car insurance. Heel no!
@ottomanbeatsofficial4 күн бұрын
Hondas and Camrys still going for 20-30k regardless new or used
@jeffglasman1910 күн бұрын
I have been looking for some new or newer wheels ,and I went to a Honda dealer and some of the extra costs kind of set me back . 550 Dollars for paper work on used vehicles. And over at Toyota it is 600 dollars. 362.60 for a block heater on new vehicles, 240.90 for all season floor mats, 300 for special paint, but the red color no charge. 150 for two rear mud flaps on a civic ,199 for a trunk tray. 34768.65 for a 2025 LX cvt new civic. 34090.56 for a 2023 civic EX with 37412 KM on it .These prices do include the taxes. Back in 2005 I bought a used Honda civic with 29000 KM on it for 14000.
@Sasquatchflow3 күн бұрын
Cheapest car I can afford is a new Corolla $32,000 would love a truck but I’m not spending 60 to 80 thousand!
@Vincent-ke5zn16 күн бұрын
The only Nissan I would have is the trucks, the cars are JUNK with the cruddy cvt transmission
@Primetimenewsome14 күн бұрын
Dealerships in South Dakota still think their vehicles are priceless.
@shauntaprahamian314216 күн бұрын
in your opinion - when do you think the BMW iX used market will stop falling and hit its floor? Thanks, Mark
@Vincent-ke5zn16 күн бұрын
I see your point, BUT today's vehicles aren't worth half of the MSRP
@Vincent-ke5zn16 күн бұрын
Hey Mark, I saw a Tesla on the back of a tow truck about 30 minutes ago 😂😅😂😂😂LMAO 🤣
@willl.33537 күн бұрын
So many 3 year turn over customers are upside down on their vehicles. They can't trade in. Dealers can't finance them into a new vehicle for 110% + tax value at 9%
@davedave294116 күн бұрын
When does the new FY start for dealerships? That should be SEP-OCT yes? When do dealerships pay taxes on their entire floor plan? DEC- JAN yes?
@radamesseda201516 күн бұрын
Is better wait until the federal bank gets to lower the interest rate. On the other hand, the insurance company needs to offer better deals to consumers.
@rolosig17 күн бұрын
December
@markholubetz16 күн бұрын
With any luck
@Vincent-ke5zn16 күн бұрын
I would rather have a Frontier or Titan than a Ford or dodge or GMC products
@trekker346817 күн бұрын
Last year, I was looking at a subaru. They wanted my truck on trade. They offered a used vehicle at 9k higher than a new one. It was an obvious joke.
@CHESAR32816 күн бұрын
Great message
@markholubetz16 күн бұрын
Thank you
@MuahMan16 күн бұрын
I just backed out of a deal at the last minute. Dealership not happy. HAHAHAHAHAHAHA Was supposed to pick it up today and went in and cancelled instead. I can't do it with these interest rates. Feel OK, even though I'm stuck in a 2 seater Miata that is killing my back. Going to try and deal with for 6 more months.
@gdi10935 күн бұрын
What if I buy like a 3-4 year old car ICE car?
@JM-kx5op17 күн бұрын
I would like to add that don’t buy an EV. The battery tech is changing and going with solid state batteries out of silver. Just wait. Now with cars I don’t think they will ever get cheeper. US shutting down manufacturing and the will just produce less. Look at Toyota raised the prices every year and the used ones hold value. Better off buying new usually, at least with tacos and 4 runners.
@rachelgreen136817 күн бұрын
Huge auto factories all around the world. Chinese brands building 10 factories in Mexico for US sales. No shortage of cars and prices will drop like a rock.
@TheJustinside8 күн бұрын
What about a new Honda Ridgeline?
@markholubetz8 күн бұрын
Great vehicles. Gotta get the deal though
@TheJustinside4 күн бұрын
@@markholubetz I bought a 24' black edition and got it for 5k under msrp. How did i do?
@Cleanasdirt218217 күн бұрын
Just purchased a 2025 Honda Pilot touring yesterday. Overall the buying experience was good. No financing.
@markholubetz17 күн бұрын
Yes do not finance
@Cleanasdirt218216 күн бұрын
@@kwilliams1958 I don’t take my wealth for granted.
@dampergoldenrod415616 күн бұрын
Frank B. Rhodes, Jr., great-grandson to Chrysler founder Walter P. Chrysler, wants to buy his namesake's brand, as well as Dodge, Plymouth, and Mopar, from Stellantis.
@markholubetz16 күн бұрын
Yes I saw that news piece. Trying to salvage the name.
@worldpeace322110 күн бұрын
You can buy a hybrid car with 1,000 miles range for $15k in China.
@markholubetz10 күн бұрын
Nice
@johnsanford35969 күн бұрын
That's more than the average annual salary there.
@tubqhe7 күн бұрын
Chinese evs are blowing up
@Vincent-ke5zn16 күн бұрын
What's the point of buying a 200mph vehicle when you can't drive it 200mph without getting thrown under the jail
@johnsanford35969 күн бұрын
KNOWING that if you HAVE to, you CAN do 200mph. Plus some serious off the line acceleration. Highway merging, getting onto a busy street, 0-30 and 0-60 acceleration is always better with MOAHRRRR. 😇
@optimusprime163415 күн бұрын
Until prices go down another 20% and interest rates go under 4% , people will not be buying much
@enzoman198717 күн бұрын
Looking to buy a 2022 subaru wrx. Seeing some going for just under 30k in canada. Worth it?
@markholubetz17 күн бұрын
Is it 20-40 percent cheaper than new? If so, that’s not bad.
@F85M17 күн бұрын
All these rebates+incentives are not doing anything to make normal cars affordable. Another -25% to current pricing is needed.
@triplemasterpiece576516 күн бұрын
There's nothing wrong with a 600 payment .... The problem is a 600 payment with a high interest rate
@markholubetz16 күн бұрын
It should also be on a shorter loan term
@AceAlaska17 күн бұрын
I’ve found your market is more in line with the Alaska market. Brandon’s market is 6 months-1 year ahead of ours. Alaska motorcycle biz 😎
@markholubetz17 күн бұрын
Yes the Canadian market has always been more of a gouge fest. Yes Brandon has also touched on this too.
@bobbyserchion17 күн бұрын
Dog you got to be kidding me well why you say it's time to buy Lol 😊😅😂
@markholubetz16 күн бұрын
It’s better than late 22 but it’s still not great
@Therock-tl5kz12 күн бұрын
Definitely not the best time yesterday I pass by Honda dealership and they have 2 prices the one from the msrp and the other one from the dealer Honda passport 2024 msrp 44k dealer price after all the crazy stuff that they added 56k that was 12k dollars difference that is crazy and criminal to the middle class working hard people in this country and the government is ok with it
@thyroidstormtrooper17 күн бұрын
Check your credit union. I am preapproved for 90 days at 5.49% for 2022-2025 vehicles
@pcmechanic144 күн бұрын
I would never buy Nissan. Quality isn’t there. Waste of money regardless of price.
@Vincent-ke5zn16 күн бұрын
Myy father wasn't happy to leave the stealership unless the salesman/woman is crying
@richdiana366317 күн бұрын
$100K pickups and a weakening economy? Oops.
@markholubetz17 күн бұрын
Setup for failure
@JJacobs80316 күн бұрын
Won't be buying a new car ever with these prices or a car at all eventually
@RoBDeeZL426 күн бұрын
Dealerships not even willing to negotiate prices down. They have let me walk out lol.
@KNIGHTOFELEMIA-i7i17 күн бұрын
Vehicles are still over priced all though I did find a 2024 Sentra for 22 grand new at a Calgary Nissan. Like I say hold out longer and car dealers will get more desperate and offer up even dumber incentives.
@markholubetz17 күн бұрын
Yes waiting will eventually win. Hold off if you can is what I am saying for sure.
@dampergoldenrod415616 күн бұрын
If nissan would just get rid of the CVT and go back to the traditional transmission. It would be a very successful car company because of its prices
@johnsanford35969 күн бұрын
If it weren't for all the overpriced trucks Ford, GM and Stellantis sold the last few years, the money they've flushed down the EV toilet would have already wrecked those companies.
@austinrobert888116 күн бұрын
No. With high interest rates and prices, wait until the crash of the car market unless you absolutely need one.
@markholubetz16 күн бұрын
Exactly only if it’s really needed
@richardgiacomotti40417 күн бұрын
👍👍👍
@markholubetz17 күн бұрын
Thanks
@user-su3ld6sd9o16 күн бұрын
I am not paying more than 40k for a 1500
@markholubetz16 күн бұрын
True truck prices are still way too high
@MrFargo100116 күн бұрын
Nissan hasn't sold a good car since 2006.
@basquo217 күн бұрын
Nope nope nope
@markholubetz16 күн бұрын
Nice
@frankiebflat572817 күн бұрын
Cars
@markholubetz17 күн бұрын
Cheers
@frankiebflat572817 күн бұрын
Damn
@markholubetz17 күн бұрын
Yes
@RAM-KINGOFTRUCKS17 күн бұрын
Your kukoo😂
@markholubetz17 күн бұрын
Haha
@hotxed16 күн бұрын
Pass: bad time to buy overpriced cars
@rodbender618416 күн бұрын
Controlled opposition.
@markholubetz16 күн бұрын
Nice
@tylerconley967016 күн бұрын
No the F$&@ it’s not 😂😂😂😂
@arielgreenberg378516 күн бұрын
What's wrong with you ?! Till now you sell and explain that how is the worst time to buy, now you flip over, someone pay you cash to flip over
@thomasmint176116 күн бұрын
The video title is click bait. His talk is mostly anything but buy
@suzanneterrey449916 күн бұрын
What? Are you a shill?
@XMG316 күн бұрын
It could be for all the wrong reasons, next year 2025, manufacturers are raising prices on average 20% on all new vehicles. They can't sell so they raise prices far higher 🤡🤡
@siciliangamer12 күн бұрын
Buy a 4k car from CQA Live
@jimfleury634914 күн бұрын
December
@Vincent-ke5zn16 күн бұрын
I would rather have a Frontier or Titan than a Ford or dodge or GMC products
@Vincent-ke5zn16 күн бұрын
What's the point of buying a 200mph vehicle when you can't drive it 200mph without getting thrown under the jail
@dariusslay27915 күн бұрын
What’s the point of showering when you are going to get dirty again?
@Vincent-ke5zn15 күн бұрын
@dariusslay279 that's the stupidest thing I've ever heard, you MUST BE A MILENNIAL THAT THINKS LAWS DON'T APPLY TO YOU