Article

2021-10-15 Economy

Average new car price hit a record $45,000 in September

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Posted by Fred 2021-10-15 00:00|| || Front Page|| [4 views ] Top

#1 That's not all that's suffering price increases. The old F-150 recently experienced a slow radiator leak. A nearby garage wanted $800. parts and labor. NAPA had a replacement unit with lifetime warrantee for $250. I viewed an 'on-line' do-it-yourself video a couple of times and had the laptop at the ready out in the garage. The job took the better part of a Saturday and did not require AC drainage. Net savings, $550. No core charge. A nearby Race Track auto store gladly took the old core.

Yes, I violated the HOA...(residential auto repairs) but have not yet been reported :-)

Posted by Besoeker 2021-10-15 02:26|| 2021-10-15 02:26|| Front Page Top

#2
1st we were told to hold off buying NEW until Sept./Oct. Now we are hearing the Auto Makers couldn't get all the IC's they need to completely build the vehicles and they are in high demand and short supply.

Do we feel PLAYED yet?

BTW: So what does 2022 hold us?

Some might remember under President Carter. A person with good credit was lucky to get a 14% car loan, with many running 21% interest rates for a year there.

Posted by NN2N1 2021-10-15 07:45|| 2021-10-15 07:45|| Front Page Top

#3 Ford just announced that their finance arm will no longer look at FICO scores for people taking the 84 month loan option. I mean, what sort of credit score do you expect someone signing a 7 year note for a car to have?

Posted by M. Murcek 2021-10-15 08:21|| 2021-10-15 08:21|| Front Page Top

And for the fellow who has no concept of depreciation and absolutely no intention of leaving anything for the wife and kids....

Posted by Besoeker 2021-10-15 08:29|| 2021-10-15 08:29|| Front Page Top

#5 car batteries are up about 20% year over year, part of the reason is the old battery disposal charge which is up more than 20%;

this is why some people buy the battery and just toss the old one out of their car if they think they can get away with it

Posted by Lord Garth 2021-10-15 10:36|| 2021-10-15 10:36|| Front Page Top

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