Y’all just hang tight. You’ll be able to get a good deal on them before too long. I don’t see people being able to pay the ridiculous sized payments on these vehicles until they’re paid off. It’ll catch up to them before they can get it paid off and they’ll be wanting to get out from under it.

Nearly 18% of new vehicle buyers have a payment of $1,000+ per month

It’s insanity.

Multiple signals a recession is eminent. Home sales figures are on the decline, and prices are flat or falling in virtually every market. No more bidding wars on homes. I know some builders in Huntsvegas, which has been an ultra hot market, have put the brakes on spec homes and are only doing pre sales.

An old adage is that the construction market is the first to fall and last to come back in a recession.

Rates aren't 2% anymore, more like 8%, adds $100-$200 a month the note. I have a few vehicle notes at 2%, and I'll keep them until it's paid off.

Might explain the snatch and grab business uptick

Seeing CDs for 5-6% at Credit Unions made me really think things were turning. Sis is in real estate and her son in law is a builder. Material cost got stupid and people kept paying right up in til interest rates jumped. Then it got a little silent. Friends that have multiplex’s were building left and right because they felt home ownership was gonna be in trouble sooner than later. They slow down building when interest rates drop because home ownership is easier to achieve.

The signs have been showing it’s just many don’t want it and think ignoring it will postpone the inevitable

https://www.dailymail.co.uk/news/article-12653703/Convoy-shipping-trucking-Seattle-Dan-Lewis.html

We weren't paying $1000/month when we had two new-ish cars with payments....that's almost what we're paying for a house payment. People are basically driving around in a house payment...

No, folks are riding around in a house payment from 15 yrs ago

A few years back base model 3/4 tons were 45ish and now 75-80ish. Fully loaded models back then were mid 90s and now a little over 100

That’s what is crazy that the lower end models shot it as much as they did in just 5-7 years

Plus more people are working from home than anytime in the modern age, decreasing the need for commercial real-estate.

Yep. Got my '86 Suburban for $4K. I've got less than $20K in it now and it's basically a brand new vehicle.

I am glad I paid off my 2018 z71 when I did. She has 80k on it and I plan on driving the wheels off it.

Yup
I used to ask my late sis questions since she’s dealt with redesigned board rooms etc…. of large corporations like Coca-Cola etc…
Her staff went from well over a hundred to just 3

After reading this thread ....I love my straight from the factory 1990 GMC Sierra 1500 SLE 5.7 liter more than ever.. over 300 thousand miles on it and life time of memories to go with it.... I've never had to go into the engine block.... just reworked the heads on up...

I stopped by a local boat place and they had new Yamaha 250s stacked, I bet they had 15 in boxes. I asked why they have some many new motors, he said they have seen a huge increase in folks just keeping their old boat and buying a brand new motor. I am thinking this trend may move to the truck market... just repower it instead of buying 90k new truck.

Yep....a brand new 4stroke outboard is, what, $25k(ish)? Even if you have to take your old hull and put $10-20k into it to make it like-new, you're still WAYYY ahead. My guess is the hardest part is simply finding someone to do the work....and that's assuming it needs serious work like structural stuff.

My 2012 Frontier has 256k and I’m about to essentially replace all the suspension to keep it going. The front shocks are squeaking terribly and it’s probably a matter of time till upper/lower ball joints go out. Getting new inner/outer tie rods and sway bar end links. I’m going to refresh the rear shocks and spring bushings as well. Aside from squeaking it just rides really rough over any bumps in the road.

A new truck is just too much to pay, and used prices are absurd in my opinion. This engine has never given me trouble aside from it burns 1 quart oil every 4k miles or so. Maybe I can keep it enjoyable to drive for another 50-75k.

yep, my wife works for a major lender.. even with the high interest rates & ridiculous auto prices they're still setting record highs each month with the average payment being north of 700/mo. People are outta their minds

Looks like my plan to drive my 2011 Tundra until it falls apart is safe.