Wednesday, July 20, 2022

I've decided to hold off on buying a car for now.

 

As much as I want a new car, I don't want to over pay for it.  Even though there is a shortage of cars, there is no excuse to charge $3000 over MSRP on an entry level car.  Dealers may get the sale now, but will not get the next sale after the supply chain returns to a new normal.

Over the past few weeks, I've visited dealerships and have been told that they will not make deals without charging extra for the car.  If a dealership indicates that it has wiggle room in making a deal, it's not enough room to get me to bite.  If a dealership claims to be willing to sell a car at MSRP, I've found that the dealership will throw on a BS line item to get that extra profit.  Finally, due to a lack of inventory, dealerships will sell used cars for the price of a new car.

Things will return to normal.  How soon, no one knows.  But if one can afford to wait for a new car, it pays to do so.  There are mixed opinions on whether a healthy normal will return, due to a long term shortage of computer chips.  But I feel that the industry will figure out a way to build new supply chains to maximize potential sales.  And if I'm right, things should start to ease up in the next few months.  This is worth waiting for....

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