It's Time To BUY A NEW CAR
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- It's Time To BUY A NEW CAR
Our latest video helping you buy cars is all about Time to buy a new car. We're breaking down the situation so you can buy your next car with ease. If you're out shopping for cars, SUVs or more, this video will help you with shopping for a new car.
Oh yes, and don't forget to SUBSCRIBE for more car lovers lifestyle: / @markholubetz
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.
Totally agree, and only buy if you need to. Wait is best.
Agree, wth is wrong with this guy
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
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.
I still have my 1998 Dodge Ram Van 😜
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.
Yes far too much
Just got approved for 70k at 3.85% with Navy Fed
More like 30%
@@MileHighSteve24Nice, what kind of vehicle is the loan for??
@@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.
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.
Cheers
My father would haunt me the rest of my life if I paid over MSRP on any vehicle
You're crazy... Maybe next spring
Yes definitely wait. Only buy if you really need to.
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.
Great choice on vehicles and the new Ridgeline is great. I do still say wait it out as long as g as possible.
@@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.
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
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!
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.
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
@@MileHighSteve24The needle hasn’t moved that significantly on 24 inventory. I’ve been tracking it
@@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.
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
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!
Hi Mike,just want to say hi from 🇨🇦 how hard..and is it worth to bring cars to Canada, tnx.🙏🍻😎🛻
Maybe a used beater....$5k max.
Yes me much
2004 Toyota with 290k miles , is a baller. Gets to work and home.
The whole ponzi financial system is coming down, if we make it to the US selection in Nov 5 it will be a miracle.
Timberrrrrr
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.
2013 subaru outback 115.000 miles and paid for. I think Im good for a good while.😊
No it’s not!!! Prices still high and interest rates maxed out 👎 crazy prices for leases..
Spotty buys mostly not the best time
My brother got about 14% off of MSRP and got the manufacturer rate of 1.9. Sierra Denali
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.
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.
He's absolutely right if you want to flush your money down the toilet just buy an electric vehicle or pick up truck😂😢😂😂
December
With any luck
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.
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.
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.
It's not gonna work the Euros aka Mario Bros is not gonna budge unless in years time they will dump them
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.
Thanks for sharing
Which model Toyota was it?
@@andykapustik1733 Camry
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
You are so right
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.
Cheers
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.
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
I would rather have a Frontier or Titan than a Ford or dodge or GMC products
It's like a Realtor telling buyers it's a great time to buy.
Hey Mark, I saw a Tesla on the back of a tow truck about 30 minutes ago 😂😅😂😂😂LMAO 🤣
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
Thanks for being honest about continued unaffordability! Tired of all of the clickbait garbage in the YT car segment.
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
What's the point of buying a 200mph vehicle when you can't drive it 200mph without getting thrown under the jail
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. 😇
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!
I would never buy Nissan. Quality isn’t there. Waste of money regardless of price.
The only Nissan I would have is the trucks, the cars are JUNK with the cruddy cvt transmission
Great message
Thank you
Just purchased a 2025 Honda Pilot touring yesterday. Overall the buying experience was good. No financing.
Yes do not finance
@@kwilliams1958 I don’t take my wealth for granted.
Cheapest car I can afford is a new Corolla $32,000 would love a truck but I’m not spending 60 to 80 thousand!
Hondas and Camrys still going for 20-30k regardless new or used
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.
Dealerships in South Dakota still think their vehicles are priceless.
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.
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.
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.
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.
I see your point, BUT today's vehicles aren't worth half of the MSRP
$100K pickups and a weakening economy? Oops.
Setup for failure
Dog you got to be kidding me well why you say it's time to buy Lol 😊😅😂
It’s better than late 22 but it’s still not great
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%
Check your credit union. I am preapproved for 90 days at 5.49% for 2022-2025 vehicles
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.
Yes I saw that news piece. Trying to salvage the name.
You can buy a hybrid car with 1,000 miles range for $15k in China.
Nice
That's more than the average annual salary there.
Chinese evs are blowing up
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.
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?
There's nothing wrong with a 600 payment .... The problem is a 600 payment with a high interest rate
It should also be on a shorter loan term
Until prices go down another 20% and interest rates go under 4% , people will not be buying much
in your opinion - when do you think the BMW iX used market will stop falling and hit its floor? Thanks, Mark
All these rebates+incentives are not doing anything to make normal cars affordable. Another -25% to current pricing is needed.
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.
Looking to buy a 2022 subaru wrx. Seeing some going for just under 30k in canada. Worth it?
Is it 20-40 percent cheaper than new? If so, that’s not bad.
What if I buy like a 3-4 year old car ICE car?
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 😎
Yes the Canadian market has always been more of a gouge fest. Yes Brandon has also touched on this too.
What about a new Honda Ridgeline?
Great vehicles. Gotta get the deal though
@@markholubetz I bought a 24' black edition and got it for 5k under msrp. How did i do?
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
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.
Yes waiting will eventually win. Hold off if you can is what I am saying for sure.
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
👍👍👍
Thanks
Maybe it's time to buy a new car or truck in canada ?
Nope nope nope
Nice
No. With high interest rates and prices, wait until the crash of the car market unless you absolutely need one.
Exactly only if it’s really needed
Cars
Cheers
Myy father wasn't happy to leave the stealership unless the salesman/woman is crying
Won't be buying a new car ever with these prices or a car at all eventually
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.
I am not paying more than 40k for a 1500
True truck prices are still way too high
Nissan hasn't sold a good car since 2006.
Your kukoo😂
Haha
Damn
Yes
Dealerships not even willing to negotiate prices down. They have let me walk out lol.
Pass: bad time to buy overpriced cars
Controlled opposition.
Nice
No the F$&@ it’s not 😂😂😂😂
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
The video title is click bait. His talk is mostly anything but buy
What? Are you a shill?
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 🤡🤡
Buy a 4k car from CQA Live
December
I would rather have a Frontier or Titan than a Ford or dodge or GMC products
What's the point of buying a 200mph vehicle when you can't drive it 200mph without getting thrown under the jail
What’s the point of showering when you are going to get dirty again?
@dariusslay279 that's the stupidest thing I've ever heard, you MUST BE A MILENNIAL THAT THINKS LAWS DON'T APPLY TO YOU