Home Forums Hunting & Shooting Hunter's Campfire Time to Buy a Truck?

Where do auto dealerships stand right now? Are they desperate for sales and ready to deal close to cost?
Many of them have their vehicles on floor plans, paying a percentage of the vehicle cost per month to stock them. Big bucks going out monthly.
With production halted, are they holding on prices, banking on a projected shortage in the future? Looking for an 'inside' take on this.

The longer you can wait - the better it will be from the consumer pov - IMO. See how many of the 22 million unemployed actually go back to work when we're wide open, that will determine how the economy shakes (I don't think we'll come back much more than 60% pre-CV19) and what's available to you from an incentive perspective. You still need to negotiate at the dealer level. They're the ones carrying the inventory.

MFG's are still closed with most talking of opening first part of May.

I just bought a new pickup and the dealership was very willing to make me a very good deal.

Tell us about it. Don't need to give out what you paid, but maybe what you saved and the terms.

Clyde

I recently did a deal on a 1-owner clean car fax vehicle. I was allowed $2k more on my trade in than expected and bought at dealer trade in value as shown on multiple sites. We’re very happy with the vehicle in the month we’ve had it and we’re happy with that deal. We were among the 2-3 couples on the lot.

If the dealer is not offering a good deal, walk out.

Had a trade in but when the dust settled I probably saved an additional $20000 over what I would have paid normally. I ask the salesman if sales were slow and his reply was if it was only slow I would be happy.

Thanks. I will more than likely be in the market towards the end of the year.

Clyde

I don't know the details, but a neighbor traded his F150 for an F250 4X4 Supercrew with the new 7.3 gas engine. I know he doesn't have a payment for 6 months. Three deferred, the dealership is paying the next 3. I don't know what rate he got, but some places are going 72 to 84 months with 0% interest.

Saved an additional 20k?

I talked to my neighbor recently who owns of the Ford dealerships in town. His take on the whole deal is while most dealerships are stacked with inventory, the lean practices by the auto manufacturers is going to bite them in the coming months.
Many of the component suppliers down to the knobs on the radio are on hiatus so even when manufacturing gets started again, the dealership inventory is going to get thinned out considerably because the OEM's can't/won't ship a vehicle without 100% of the parts.

He actually didn't foresee a big reduction in prices happening anytime soon mainly because some of the 0% interest incentives are getting a lot of traction.

Do you have money to buy a truck? If so, go buy one. And don't worry about the payments.

If you need to ask, you probably don't.

-Jake

There should be some deals on the used market .

Off lease oilfield pickups should be cheap pretty soon.

Start in to get mail offers..

Give it three months, and the repo lots will be full. Already, heavy equipment auctioneers like Ritchie Bros are stacked to the rafters.... Lots of sellers, few buyers.

It hasn't even started yet.....

True.

We have seen it all before in certain parts of the country/economy... (Like every time the oilfield crashes)

But now, it's not just oil workers, welders, pipefitters, etc.

This has hit and will affect everyone.

If your wife works for a furniture store, that sold furniture to people that would have bought, had they not been laid off... they may lay her off because of slow sales.

Less people eating out. Less people buying boats. House repos, car repos.

Better get things going full speed PDQ.

If they put a $20k rebate on one of those $60k new trucks, I may consider getting rid of mine.

Screw the financing. I have cash, give me a huge rebate and keep the bank.

Yep.

Even with 0% interest you're locking yourself into payments until it's paid off. No thanks.

-Jake

Jake...

Serious question.


Do you work at State Farm?

This.