Saturday, December 20, 2008
Car Prices: Where's the Crack?
I was thinking about purchasing another vehicle, as my current one is pushing on 9 years old and it's not exactly ergonomically suited for me. In the past, I have owned three trucks and decided to research a few models of SUVs and Pickup Trucks. Considering that the big three are in dire straights, you'd think there would be better deals then there are. What passes for GM's red tag sale is incredible. I'd like to know what drug these car dealers smoke, inject or snort before the come up with their pricing. It's no wonder they are in the mess they are in. I can understand the dealers probably have to pay some flooring fees and they have to make a profit, which is a good thing, but considering the inventories they have, they aren't priced to move and they aren't. Karl Chevrolet and Stew Hansen Dodge are the worst in my area in terms of pricing (In fact, I am surprised at the disparity in pricing with some vehicles between dealers, albeit too high in price anyway). And it doesn't seem to make much difference for new or used. A vehicle that is a year old or more isn't necessarily any cheaper. My take is that they want to make the new cars more attractive in price, but in either case, the prices haven't dropped to the point where I would buy, and I have a friend that would give me an employee discount voucher, which cuts the price only a little bit (Poor bastards that work for GM. You'd think they'd give them a better break).
May be I am a cheap fuck, but I will tell you what: I have no car payment now, so why would I want one? In as much as I hate my car because of it's ergonomics and age, I like not sending several hundred dollars to a lender every month, and paying a higher insurance payment and registration fees. The big three and their dealers haven't gotten it yet and may be they never will. So my unanswered question is, what can you do for me to want to go from no car payment to increased debt (I could buy it cash, but why? Cars lose money the second they hit the street, so I'd rather have my money getting some interest)? As Scotty once said, "you're just not worth it." May be I just need to move somewhere that I can ride my motorcycle all year round and screw the car. The motorcycle is better on gas, cheaper on insurance, and if I have to buy a new one, a lot cheaper than a car.
Thank you for reading this blog.