Crazy Prices

this is true.

russia’s debt to gdp is under 30%, ours is 128%

disclosure, id rather live here. But our economic model is unsustainable

 

I saw that Vid today, it was sickening how easily they made the decision to just kill that guy. Haven't seen the mothers statement yet, will have to look for it.

 

Спокойной ночи

 

Hang his ass from the neck until dead, and charge his shitty mom for the rope.

 

The point I was trying to make is that a new truck saves you $1600 per year in gas over the 2007, and the msrp versus old inflation adjusted msrp is in favor of the new truck. So, the new truck is cheaper, and $1600 per year better on gas.

 

If I were a first time buyer that would be something to consider, but for many buyers they already have a vehicle and the save money on fuel metric is a tougher argument vs keeping, maintaining, and driving what you’ve got if it’s still functional.

 

For me it's way less fuel considering the 3rd generation isn't to far off what I get and fuel it cheaper here than your 4.30 at 3.50. And considering I paid $39k OTD, it's a hard no for me to switch over to a 3rd gen SR5 that is around 10-12k more than what I paid. Now for someone else with an old truck, well that also a hard decision. Plentiful people still buy older vintage trucks and fix them up as daily drivers. And if you have an 07 in perfect conditions why trade. Some people don't need to keep up with the Jones. My buddy just bought a $68k GMC 1500 and there is nothing that is that big of a difference that my truck can't do that his can or vice-versa.

 

Again, that’s a no brainer and not a point of comparison at all.

 

No one is talking about switching. No one is talking about financial repercussions of buying a new vehicle versus keeping a new vehicle- at least I am not.

I am simply pointing that a new base model of the Limited trim costs less than a 2007 Limited trim, when adjusted for inflation, while also returning a much better fuel consumption.

You can’t simply compare prices of cars from almost two decades ago with current pricing, without considering inflation. That’s my point.

 

I didn't see that. I get your what your saying now. But, I dont care what a vehicle cost back then, I car about now. What I can see as a value for my money. Take for instance my 2020 SR5. I had it leased for $383 a month for 36 months. When the time can to re-lease, the dealer wanted $650-700 for a 36 month lease. I dont care what the inflation is. No SR5 Tundra is worth that much, period. In my opinion, no 1/2 ton truck is worth what they are asking. You have to remember that along with inflation is wages. If wages went up the same for inflation then yes, its worth it because your basically staying the same at the end of the month when your bills are paid. But since wages haven't gone up and now my 383 payment went to 650 because of inflation, it's not worth it. Not even with the gas savings. But I did the smart thing and bought out my truck.

 

This is a great point. It's hard to imagine "adjusted for inflation" as same same when comparing older trucks to today's trucks. Wages have overall not ticked up with inflation when compared to goods and services that have. So unless you're in the top ten percent of earners, your wages haven't grown as fast as good as services have.

 

On a related note. What is the whole point of smartpath? I ordered one through smartpath at the dealer advertised price and then dealer says he wants 5000 over MSRP
Do they have to honor smartpath, or its just some middle manager at Toyota deciding a cool sounding online project was their ticket out of getting laid off

 

Leases are a unique case. All the money factors, etc are not numbers that directly correlate with economy factors. The automaker and finance company massage the numbers heavily to produce a deal for them that either incentivizes sales without rebates in slower times or maximizes profits when they are saling all they make. This makes for big swings in lease payments year to year.

For example during COVID there have been vehicles whose residual value easily could have been 80-90 percent and lease payments could have been less than $200 a month. That deal would never exist because carmakers are businesses and maximizing profits is their goal. So selling a truck for $70k to buys lined up is better than an el cheapo lease

 

Leasing is a,scam. In the past you were basically renting the depreciation. But since used cars now sell more than new cars, there’s no depreciation. In fact, not only should leasing be free, the manufacturer should be payin you to drive the car

 

I priced my truck with essentially the same options as a '24, and it was about $6500 more which translates to 12%, so basically adjusted for inflation.

Everything is stupid expensive these days.

 

I got my auto insurance email this morning to go to the app to review the renewal docs and pay. Instead of the customary "Thanks for choosing XYZ for your insurance needs" I get a welcome screen warning about the impacts of inflation. Fun times

 

You and I must drive very differently. I have a 2011, a 2107, and a 2023 Hybrid. MPG isn’t much different between any of them. Same with the old vs new Sequoia. The new Sequoia hybrid gets pretty much identical mileage to our previous two, and my wife definitely has a lighter foot on the pedal than I do.
Only real difference is the tanks are smaller so we’re ultimately stopping for gas more often.

 

My friend purchased a Sienna last year pursuing a specific build, had no luck in So Cal, or Nor Cal had to get his out of Arizona, got double screwed with paying taxes over there and then over here in Cali... Let's not talk about the Toyota in the Bay area who wanted 45k mark up on a Rav4 Prime which was priced at 95k last year.

 

So, cars are expensive and you don’t think they are worth it.

I also remember paying 99 cents for a gallon of gas. I remember a pair of Air Jordan’s for $65, now they are $200. I remember my first house bought for $220k and sold for $500k. I remember bananas selling for 49 cents a lb, and now they are 65 cents a lb.

EVERYTHING is more expensive than in was, and it’s because of inflation. I guess you can cherry pick what is worth buying and what isn’t. But, I know that a Toyota Tundra 2018 TRD Sport 4x4 had an msrp of $48k or so when I shopped for my dad, and 5 years later, my 2022 had an msrp of $51k for basically an identical truck. As someone else already explained, lease deals are not the same as price of a car because they are based on residuals and cost factors, and both of those are drastically different today.

 

EPA ratings are significantly different. Fuelly shows at least 2mpg difference between the older and newer models, and it’s even more if you select hybrids only. If we’re to look at anecdotal evidence, there are hybrids on fuelly with 21mpg average.

I average 17mpg with my non-hybrid ‘22 model. I do admit - I hoped for better.

 

Many people were able to afford the higher price of the new truck due to a hefty value of their old truck. For me buying a year ago was more affordable even if the rebates from MSRP increase in the future. Traded my truck in at hide tide of resell, got a loan rate in the 4s, and an identical 2024 is $5k more. The gap for sitting on the sidelines will just keep getting wider. There is not a day coming where you get the same model truck for near what you paid 15 years ago

 

But hey, look on the bright side: some of us are getting 1.5%-3% raises to keep up with all this inflation!

 

No they are not. Not for the wages we are making. Explthis to me because no one has done it yet. My 2020 was $39k OTD. A 3rd gen is about $11-12k more. What did Toyota do to the 22+ to make be worth that much more. I don't cherry pick what's worth more. Just like I bought my house for $235k but now they are selling for $600+,not worth it. Just because inflation hits doesn't mean products are worth it. All it means is that some rich person is losing money and has to raise his product to make it back, in a nutshell, obviously there more to it. But no, cars, house, boats, rv, etc are not worth what they are asking for these days.

 

I would have to agree with these comments, a comparable truck to what I own is roughly 4-5k higher than what I paid for mine.

That was just 6 months ago, it is not keeping up with COLA, no way

 

Canada is a bit different. We pay mrsp, but we sometimes have to buy add ons.

I was saving my “car payment” in a bank account (if we took a loan out we’d keep saving the payment once it’s paid off) as I waited out the “chip shortage” and whacko pricing. Well prepared to pay cash eventually.

but what I found was I was saving 10k a year, but the trucks were going up 5k a year so I wasn’t saving what I thought I was. But it’s relative too as I got a pretty high trade for my truck.

at the end of the day unless you absolutely 100% need a new car, don’t buy one if it’s priced more than mrsp. It really is that simple.

It’s all supply and demand (sometimes called supply and stupidity by my dad) and a dealer or manufacturer will charge exactly what the consumer is willing to pay, and not a dime less.

 

I got same truck but 2022 for 63k. Wild.

 

No. Obviously I will have to switch. But depending on my salary vs the price of vehicles at the time will dictate the path I take. Just like what I did this time around. Leasing was way more than buying out my truck, so I bought it out. And while your 22 was $42 OTD, it was an SR. I know that the SR now are more equipped than the later gen SR but none the less. I am though still waiting to see what the 3rd gen has over my 2020 that is worth $10-12K more. I just dont see it. I have told you in our conversations, if Toyota didn't price the 3rd gen the way they did or the crazy lease prices, I would be driving one right now. But to me, financially it makes no sense to jump to a 3rd gen when I have a perfect 2020 truck. And like the I was telling Musashi66, just because inflation is up doesn't mean that the tundra or anything for that matter is worth what its selling for.

 

Man i should stop paying $4.80/gal for gas here in the PNW and use that gas I was too young to buy at $1.21/gal 20 years ago.

 

It's ridiculous the price of gas. I remember 4.80++ so you must have been 6++ back then. Miami is currently at 3.37 is the lowest I have seen.