No kidding. Lack of supply has really disrupted car availability all the way down the ranks. I still see deals here and there as i'm not usually super picky. But when i am, it is not to be found without a nice price bump. 3V mustangs that were $7500 a couple years ago are $15k now which is laughable. Toyota 4wd's we're up 3x. I will say 4wd toyotas are back down since gas is up. Still about 2-3 grand too high in the under 15k market. Give it time. I'm starting to see new vehicles sell below msrp for once.
I will say what is helping now is interest rates a on new car loans are up from around 4-5% to 9-11%, and used car loans are 10-13%. Yikes.
But finally a loan is higher than inflation where it should be.
Things are starting to get priced into where they should be and less and less banks are willing to take on home and auto loans. Deflation will happen slowly as the economy gets priced in more and more people get priced out of almost predatory car loans.
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"I feel like the bad decisions come into play when you trade too much of your time for money paying for things you can't really afford."
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