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Buy a new truck now or wait? #14394726 06/15/22 04:33 PM
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JesseX Offline OP
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I know we have people on the board in the auto sales industry. Should I wait to buy a truck and hope prices go down? But as price goes down, interest rate goes up. Appreciate any insider info.

My current tow vehicle is rapidly declining and it looks like I will be in need of a new(er) truck. Love the 21' and 22' Chevy, RAM and Fords. They all look great, have good reviews and it's so hard to choose. I really like this truck:

Ram 1500 Night Edition

[Linked Image]

Re: Buy a new truck now or wait? [Re: JesseX] #14394899 06/15/22 07:26 PM
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Always cheaper to fix what you have than buy new….

Re: Buy a new truck now or wait? [Re: JesseX] #14395924 06/16/22 08:12 PM
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To each their own. I am wanting a 3500 Ram but I refuse to pay sticker or sticker plus. I don't have to have it immediately thankfully and am willing to wait and see what happens when Brandon is gone.

Re: Buy a new truck now or wait? [Re: JesseX] #14395953 06/16/22 08:27 PM
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Gander--I hear ya! Have already seen the price on a few new trucks go down $2K this month. I have held out because I just ain't gonna pay what they are asking. How some people can afford these trucks I just don't know.

Re: Buy a new truck now or wait? [Re: JesseX] #14397148 06/18/22 02:00 AM
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Market will crash. Give it 6-12 months and my guess is you'll save at least $10k


Life can only be understood backwards; but it must be lived forwards.
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Re: Buy a new truck now or wait? [Re: patriot07] #14397250 06/18/22 10:42 AM
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gander Offline
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Originally Posted by patriot07
Market will crash. Give it 6-12 months and my guess is you'll save at least $10k
I would like some savings but not at the expense of the market. We are in strange times right now and I am not even sure if the " normal " way of buying a vehicle will ever return.

Re: Buy a new truck now or wait? [Re: gander] #14397600 06/18/22 07:42 PM
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Originally Posted by gander
Originally Posted by patriot07
Market will crash. Give it 6-12 months and my guess is you'll save at least $10k
I would like some savings but not at the expense of the market. We are in strange times right now and I am not even sure if the " normal " way of buying a vehicle will ever return.

Yeah, it'll be back once the recession hits.

Only disclaimer is if we continue to move towards a society where more and more people don't work. If labor continues to be hard to come by, companies will move towards lower volume and higher profit per unit. And if they do that, then you may be right that the old way of buying is gone.


Life can only be understood backwards; but it must be lived forwards.
- Soren Kierkegaard
Re: Buy a new truck now or wait? [Re: JesseX] #14398451 06/19/22 10:48 PM
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I’d buy a new truck if one three things happened. Yours no longer is repairable. You want a new truck. You can afford to pay what it costs.

It really is simple. If one of these is true, looks like you’re truck shopping. Waiting for things to align may or may not ever happen.

I see new trucks on the road every day. I could t imagine the stress of being strapped for $800+ payments for 10 years. Hahaha. All I can think is what a piss poor investment a new truck is right now. But that’s me. I’m kinda a tight wad.


Eat. Sleep. Fish.
Re: Buy a new truck now or wait? [Re: Mckinneycrappiecatcher] #14400294 06/21/22 06:30 PM
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Dropped my 2012 Expedition at the Ford dealer this morning and there must hav been 25 others dropping a vehicle.
Asked the service advisor what,s up.
His response was with the high prices and economy,folks are holding on to their existing rides.

Re: Buy a new truck now or wait? [Re: forkduc] #14400386 06/21/22 07:37 PM
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Originally Posted by forkduc
Dropped my 2012 Expedition at the Ford dealer this morning and there must hav been 25 others dropping a vehicle.
Asked the service advisor what,s up.
His response was with the high prices and economy,folks are holding on to their existing rides.

Yes people are holding on to things longer, the added issue is a lot of the parts (especially the genuine parts) are on back order right now. Very strange times. Nothing wrong with holding on to a vehicle, but it’s a problem when parts might be 4-6 months out.

Re: Buy a new truck now or wait? [Re: SteezMacQueen] #14400516 06/21/22 09:47 PM
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Originally Posted by SteezMacQueen
I’d buy a new truck if one three things happened. Yours no longer is repairable. You want a new truck. You can afford to pay what it costs.

It really is simple. If one of these is true, looks like you’re truck shopping. Waiting for things to align may or may not ever happen.

I see new trucks on the road every day. I could t imagine the stress of being strapped for $800+ payments for 10 years. Hahaha. All I can think is what a piss poor investment a new truck is right now. But that’s me. I’m kinda a tight wad.
I am wanting to buy but I am hard headed and WILL NOT pay sticker or over..I have bought 3 vehicles over the last 11 years and none have been financed. I will make payments to myself until I can buy. That said for now will wait

Re: Buy a new truck now or wait? [Re: patriot07] #14400517 06/21/22 09:48 PM
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Originally Posted by patriot07
Originally Posted by gander
Originally Posted by patriot07
Market will crash. Give it 6-12 months and my guess is you'll save at least $10k
I would like some savings but not at the expense of the market. We are in strange times right now and I am not even sure if the " normal " way of buying a vehicle will ever return.

Yeah, it'll be back once the recession hits.

Only disclaimer is if we continue to move towards a society where more and more people don't work. If labor continues to be hard to come by, companies will move towards lower volume and higher profit per unit. And if they do that, then you may be right that the old way of buying is gone.
I agree

Re: Buy a new truck now or wait? [Re: JesseX] #14444769 08/10/22 12:18 PM
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Went with a used 2021 Ram Limited. Sold other truck for much more than I expected.
[Linked Image]

Re: Buy a new truck now or wait? [Re: JesseX] #14444798 08/10/22 12:54 PM
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Originally Posted by JesseX
Went with a used 2021 Ram Limited. Sold other truck for much more than I expected.
[Linked Image]

Sadly, you likely paid much more than you expected too.


Eat. Sleep. Fish.
Re: Buy a new truck now or wait? [Re: SteezMacQueen] #14444802 08/10/22 12:57 PM
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Originally Posted by SteezMacQueen
Originally Posted by JesseX
Went with a used 2021 Ram Limited. Sold other truck for much more than I expected.
[Linked Image]

Sadly, you likely paid much more than you expected too.


If you have a trade then in most cases the price difference between the two isn't much different then when things were normal. Now if you're looking to buy without a trade be prepared to shed a few tears.

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