sk47
Well-Known Member
- Joined
- Nov 12, 2020
- Threads
- 28
- Messages
- 5,069
- Reaction score
- 2,420
- Location
- North Eastern TN
- First Name
- Jeff
- Vehicle(s)
- Chevy Silverado & Nissan Sentra SE
Hello; There are a few things driving the inflated prices. I think one is that many have a lot of extra dollars in their pocket right now. Extra unemployment for the time being. I know a woman who is drawing more right now than she was making when working. I have seen a change in her spending habits. In my experience there are some folks who simply canon sit on any extra money. I may be wrong but think some do not see what will happen when the extra money stops, or at least do not think about it.
In another thread a member of this forum who sells luxury cars told how a fellow wanted to buy a nice car using his unemployment check as his income. Not clear if the deal was made. Seems to me lots of folks will have a down payment or enough credit to get a finance deal, but will not be able to make payments over time. I can picture the inflation on basic living expenses getting to the point many will be missing car payments.
My point right now is once the glut of federal money passes thru the economy some things will change. I think in some states the extra payout will end in September. In a few the extra has already ended, but some lawsuits are in play over the early ending.
Last comments. For me the idea of having a Mustang is an extra car I do not actually need. Not a daily driver or work sort of vehicle. I can wait a while before looking again. Last I heard the chips Ford can get are going into the F-150 as it is the money maker. The market will start to see a lot of nearly a year old trucks hit the lots. They will be new trucks but the traditional time lines are altered. Not sure how this will play out. May be the pent up demand will keep the sale prices up. May be enough folks have already worked something out and the demand will be low.
Same thing may play out for the Mustangs when the chips become available to put into them.
Bottom line for me is to see if I can wait this out. Seems to me buying now is only if you are in a bind and cannot wait. Likely will be overpaying.
In another thread a member of this forum who sells luxury cars told how a fellow wanted to buy a nice car using his unemployment check as his income. Not clear if the deal was made. Seems to me lots of folks will have a down payment or enough credit to get a finance deal, but will not be able to make payments over time. I can picture the inflation on basic living expenses getting to the point many will be missing car payments.
My point right now is once the glut of federal money passes thru the economy some things will change. I think in some states the extra payout will end in September. In a few the extra has already ended, but some lawsuits are in play over the early ending.
Last comments. For me the idea of having a Mustang is an extra car I do not actually need. Not a daily driver or work sort of vehicle. I can wait a while before looking again. Last I heard the chips Ford can get are going into the F-150 as it is the money maker. The market will start to see a lot of nearly a year old trucks hit the lots. They will be new trucks but the traditional time lines are altered. Not sure how this will play out. May be the pent up demand will keep the sale prices up. May be enough folks have already worked something out and the demand will be low.
Same thing may play out for the Mustangs when the chips become available to put into them.
Bottom line for me is to see if I can wait this out. Seems to me buying now is only if you are in a bind and cannot wait. Likely will be overpaying.
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