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As interest rates rise, there will be more "deals" to be had at dealerships. For the moment though, lots of people who want and can afford new cars have been putting it off due to supply constraints, so it make take a while.I have been considering the economic mechanics involved when an original owner sells their car. Firstly they have to be willing to sell the car for the price a private buyer or dealer is willing to pay. If the valuation of the vehicle in their mind is too low they may choose to hold onto the car. If this decision is made by enough people the number of vehicles available in the used market would shrink and up would go the pricing.
Based on the current interest rates being offered for a new vehicle, cost increase of vehicles for many reasons including inflation, why buy a new vehicle if you don't need one. I did a "Build" on the BMW website for a new iX. I picked the middle option with the 111kW battery which is comparable to the Polestar 3. I really had a hard time understanding how the interest on the loan was calculated. Financing from BMW is 7.99% on the vehicle but the total borrowing cost for this $105,000 vehicle is $26,000 over the term. WTF?!! I guess BMW is taking 8% for every year? Why the **** would I ever take that deal?!