Good times have clearly arrived, because Americans are flinging money at cars like it’s going out of style.
Leasing has never been more popular for American car buyers, reports the Detroit Free Press, and the size of their auto loans have also reached record territory.
If I’ve seen it once in the comments on this site, I’ve seen it a hundred times.
Never once in the history of the Internet has anyone, anywhere admitted that they paid more than invoice for a new car.
Everybody gets the best deal possible. We all “ stick it to the man.” However, despite the well-known and understood tendencies of most people to lie on forums, in comments, or even when writing about their own business practices on the Internet, this might be one of the few times when the braggadocio matches reality.
The truth is that virtually everyone gets a “good deal” on a new car.
Amsterdam’s port facility is more crowded than a Walmart on Black Friday and it’s all China’s fault.
That, BMW wonders how it all went wrong, Millennials bare their souls to a salesman, Toyota walks down memory lane, and a safety regulator has some explaining to do … after the break!
We’re kidding. Yes, Odyssey sales were falling. Then we used our own money to pay for a new 2015 Honda Odyssey. Forthwith, Odyssey sales increased.
You know better than to connect the two, of course. Post hoc ergo propter hoc, and all that. But I can dream about the power of GoodCarBadCar.net and the sway of a single Jalopnik-recommended article on our Kinja page.
In July and August, 26,274 Americans registered new Odysseys, 12 percent more than in the same period one year ago. This is a strong end-of-lifecycle follow-up to the Odyssey’s 14 percent plunge in the 2014 calendar year and a 1 percent drop in the first half of 2015. Yet even to the sales-stats-obsessed founder of GCBC, the U.S. sales story is secondary, if only in this instance.
As of June 2015, we have a minivan, and I’m too busy loading ten-foot-long 2x4s in the back of my people carrier to care about the Odyssey’s best-selling status or the reasons for the uptick.
That was the asking price for a 2008 Chrysler PT Cruiser down at my local Chrysler dealer back in June 2008. Throw in a $1500 rebate or the “Refuel America” $2.99 per gallon guarantee into the equation, and you may have ended-up with a pre-tax, tag, title price right around $10,300.
Not bad. Not bad at all.
Then again, was it? There are a lot of long-term factors to consider when approaching any of the less popular new cars that are in their last years of production. Not all will be a good deal. But you may be surprised. Join me now as we journey down the PT-shaped rabbit hole.
Imagine over 500 cars at your disposal, and you pick the exact ones you want to test on the open road.
There are no mind games. No bait and switch tactics. Nothing but you going to a computer, figuring out the most worthy candidates, and letting a salaried employee fetch the keys and answer the relevant questions to your car search.
Sounds too good to be true? Well, it’s already happened. There’s only one problem.
The place that does it primarily sells used cars, not new cars.
6:30 P.M. and three more cars just pulled up to my place… on a Monday…
Have I just bought a McDonald’s franchise? Not quite. This is the start of what we call “tax season” in the used car business.
A time when tens of millions of Americans who live paycheck to paycheck get a nice four figure lump sum from Uncle Sam and his favorite sub-prime debt dealers.
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- Dusterdude When there is a strike the union leadership talk about “brothers and sisters “ . They should give up that charade . Bottom line is they are trying to wring out every last penny they can and could care less ( putting it politely) about the future of the industry 5 - 10 years+ down the road
- Ronin They all will back off, because the consumer demand is not there. Even now the market is being artificially propped up by gov subsidies.
- Keith Some of us appreciate sharing these finds. Thank you. I always have liked these. It would a fun work car or just to bomb around in. Easy to keep running. Just get an ignition kill switch and you would have no worries leaving it somewhere. Those OEM size wheels and tires are comical. A Juke has bigger wheels!
- Ollicat I have a Spyder. The belt will last for many years or 60,000-80,000 miles. Not really a worry.
- Redapple2 Cadillac and racing. Boy those 2 go together dont they? What a joke. Up there with opening a coffee shop in NYC. EvilGM be clowning. Again.