/biz/ - Business & Finance

[Anonymous No.52668570]

The car bubble is finally popping /biz/ bros, been waiting for this moment for the last 2 years. What should I buy? I have $20k. I'm thinking a Subaru but open to cool ideas. I need a car that an artsy alpha would drive. A car where bitches will be like "Oh he's got a nice car, he's legit" (must be $20k under though).

[Anonymous No.52668592]

>>52668570
trabant

[Anonymous No.52668648]

>>52668570
I'd probably go for an Mercedes CLS C219

[Anonymous No.52668693]

>>52668570

Wait until march or so in 2023.

There's going to be a fire sale on bubble assets next year as people finally realise the music has well and truly stopped and it ain't starting up again until at least late 2026.

[Anonymous No.52668694]

>>52668570
mmmmmmmmmmmmm gmc syclone is the most logical choice

[Anonymous No.52668717]

>>52668693
Yup going to wait some more, but can help but be giddy at the cheapie I'm going to pick up. A Subaru would be so bad ass but I think that might be one of the only cars that won't get too hard by the bubble pop since everyone wants one.

[Anonymous No.52668735]

>>52668570
You don't want any woman you get because of a car friend

[Anonymous No.52668764]

>>52668717

What kind of subie?

Years ago i had a suburu liberty (wagon) like pictured and it was great.

[Anonymous No.52668779]

Mazda MX-5 ND RF because miata is always the answer

[ArchMan No.52668817]

Go for the Subaru Impreza. WRX STI if possible, year doesnt matter

[Anonymous No.52668822]

>>52668570
No bitch will think a Subaru driver will be anything other than a flat-brimmed backwards hat wearing fuck boy, which I can already tell you are since you refer to yourself as a lmao artsy alpha. You want a fucking pro tip? Buy a big truck. Then bitches will know you can afford the gas and not give a fuck about it and they'll feel safe riding around with you because they're so high up. Trust me. Take the truck pill.

[Anonymous No.52668829]

Subaru Outback so you can sleep in it if you get rekt.

[Anonymous No.52668859]

>First, you aren't getting a car normies will admire for under 20k unless it's something "retro cool" that you're willing to put some work into.
>Second, nobody is impressed with subarus except armpit hair girls and drug addicted nerds.
>Third, the bubble isn't popping, msrp is continuing to increase across the board on new vehicles, rates are still going up, and the purchasing power of your dollars decreases every day...

There's a slight correction happening now as used book values drop but no bubble bursting to be seen any time soon. Dealers are getting underwater on their used inventory but just lol if you think they are going to start whoring them out for half price or something.

The entry level price for status symbol cars is ~40k nowadays, ~60k for truggs.

t. car salesman

[Anonymous No.52668870]

>>52668764
Henlo

[Anonymous No.52668891]

>>52668764
Yeah those are pretty sick. Thinking of Impreza though. Really depends on how low prices ago in a few months.

>>52668817
based

[Anonymous No.52668898]

>>52668859
Car normies wouldn't find a Mercedes-Benz GL450 impressive? Or a BMW 7 series F01? Or even pic related?

[Anonymous No.52668901]

>>52668822
honestly a truck could be pretty based too. i'd get a toyota tacoma.

[Anonymous No.52668907]

>>52668859
>car salesmen coping during bubble pop

many such cases!

[Anonymous No.52668915]

>>52668859
>he thinks dealerships won't sell the bottom
Lol
Lmao

[Anonymous No.52668925]

>>52668570
I bought a $20k flashy car about seven years ago (used 3k miles current year model), it does nothing but attract dudes that I don't really want to talk to. Women seem to judge me as gay/mid life crisis/short dicked etc... I just really like how it drives and it has held it's value extremely well although I sort of don't like being seen in it. From the /biz aspect I suggest buying a car known as having an unofficial "tax" associated with it's resale value.

[Anonymous No.52668963]

>>52668901
Now you're thinking with power! Anything from '99-on that Toyota makes will easily last until 500k if you take care of it. Don't let the mileage fool you to get it under that $20k price point.

One of my best friends has an '01 LX470 since new that just ticked over 500k end of last year and beyond normal maintenance all he had to replace was the rear axle once.

[Anonymous No.52668974]

>>52668891

Ahhh you're looking at more of the tuner side.

I previously owned skylines, Silvias and a stagea at one point. Fun cars but a real money pit for not a lot of return unless you were going to the track.

I've got a nissan patrol now - turbo diesel. Best of both worlds.. can modify it but also take it to the middle of fucking nowhere and tow a boat etc.

[Anonymous No.52668977]

>>52668859
come back in 3 months lmao

[Anonymous No.52669007]

/o/ couldn't tell me why, but why does Every Subaru make that weird sewing engine noise?

[Anonymous No.52669025]

>>52669007
Lifter tick

[Anonymous No.52669093]

>>52668570
subaru's are really underpowered, a result of the awd/cvt/small engines
only the wrx's and sti's aren't underpowered, but if you get one of those for under 20k it will have been beat on
for 20k, i dunno, some mazda's are pretty nice, but no bitch is going to think you're ballin

[Anonymous No.52669117]

>>52668898
Maybe if it's impeccably maintained and showroom condition. Otherwise you look like every other nigger driving a dirty 100k+ mile old bodystyle benz thinking it makes them look rich. Anyone who is actually wealthy and/or into keeping up with the joneses can tell it's not the latest bodystyle or especially collectable/desirable trim. Everyone else can't tell the difference between an e63 and a c250. Hell even a lot of car guys are unaware, my e550 is 8 years old, tuned to 510hp and smokes most of my coworkers' "sports cars" but it might as well be an accord to them because it's old and a sedan.

Buy what you like, don't worry about others. I personally like used v8 luxury barges actually. You can pick them up cheap out of warranty and will generally treat you well if you do your research and purchase the more reliable versions. Just don't expect to impress anyone actually worth impressing tho.

[Anonymous No.52669132]

>>52668570
get a 2016 base 3 series and debadge it + nice rims. Bitches dont know any better

[Anonymous No.52669143]

>>52668859
B00kmarked

[Anonymous No.52669165]

Don’t buy shit. Crypto was created to rug and usher in the great reset. It’s all on purpose. You will own nothing

[Anonymous No.52669337]

>>52669165
NFT being used as an actual proof of ownership will be the reason you will own nothing.... They'll implement NFT on the smallest of things and then tax the crap out of you for everything you hold until you realize it'll be easier to just get on a subscription program for everything right down to your amazon wardrobe. The reason why you'll be happy is that your ears will be getting lied to through your earpods while your eyes are lied to via your VR headset making you think you are in some META utopia. If you are lucky enough your brain will be lied to via your neuralink implant so when you eat the worms you will think it's tenderloin. Indeed it's going to be quite a central bank digital currency hellscape, but crypto has to be shown to be an awesome idea for the great reset when the sheep are fooled into thinking the federal reserves CBDC has any of the benefits of the pioneer decentralized cryptos.

[Anonymous No.52669371]

>>52668694
ah, gmc, the gay mans choice, very nice, do you hold chainlink by any chance?

[Anonymous No.52669504]

>>52668915
You think low mile diesel trucks are suddenly going to price correct $30,000? That you're going to see new civics on sale for $18.5k after rebates like its 2015? We are unironically NEVER going back to the way it was. Manufacturers are packing more shit into the price of new vehicles, producing less of them, and stripping away financing and loyalty incentives. They have figured out that running production on the lean side and operating with slight scarcity allows them to maintain demand and justify higher profit margins on the fewer vehicles they do produce. Meanwhile cheapshit used cars continue to rack up miles. Plus every retard inaccurately evaluates their car as "excellent condition" on kbb.com and attempts to sell/trade their car at an absurdly inflated value. In 3 months people will still want 2021 prices for their trade ins and a discount off msrp...

The supply chain issues are just illuminating the real problem with the car market which is the financing side. Same thing as real estate and higher education, the lenders' willingness to hand out loans for a product drives the price up. Back in the day you had to go to a buy-here-pay-here lot with in house financing but now there are major lenders accepting subprimes on 150k mile vehicles. The difference here is instead of unskilled low iq college graduates and forclosed properties the remnants of this "bubble" will just be repo'd shitboxes that aren't worth anything and a big portion of the middle class stuck in their cars because they still owe 30-50% over their vehicles' actual cash value and can't afford to eat the difference or roll the negative equity into a new purchase.

[Anonymous No.52669540]

>>52668764
Subarus are for lesbos and trannies. No Chad would be caught dead in one of those.

https://m.youtube.com/watch?v=1vAqaUwLg7g

[Anonymous No.52669589]

>>52669540

I am a lesbo tranny

[Anonymous No.52669620]

>>52669337
Breach of privacy rights is enough to resist CBDC.

[Anonymous No.52669627]

>>52668570
get a 80s or 90s truck

[Anonymous No.52669628]

>>52669620
enough reason*

[Anonymous No.52669647]

>>52669165
Wait until it goes mainstream when it becomes easy for everyone to get onboard on it

[Anonymous No.52669667]

>>52669504
The value of the car is directly proportional to the amount of money your average normies can pay on it per month, just like housing. Cheap debt isn't sustainable at these interest rates and anyone still hanging out loans like we're still at rock bottom won't be for long. The free money is gone. Higher interest requires lower price to keep monthly payments low enough to maintain demand.
Cutting production to keep prices high is a game of chicken, and one of them will break first.
They will sell the bottom or you'll go out of business.

[Anonymous No.52669681]

>>52668570
The answer is simple.

[Anonymous No.52669737]

>>52668891
I have an impreza

[Anonymous No.52669776]

>>52668570
Subarus are heavily marketed to gays and lesbians. You might be attracting the wrong crowd. I'd be thinking about a different car if I were you.

[Anonymous No.52669823]

>>52669667
Just 2 more weeks and rent will go down... 2 more weeks and I can buy a boomer's single family house for one year's wage again... 2 more weeks and I'll be able to afford a car...

>The value of the car is directly proportional to the amount of money your average normies can pay on it per month, just like housing.
Exactly, the everything bubble is strangling people from all sides but nothing is beyond reach yet... just painfully expensive. By design I'm sure. Subprimes excluded, most normies still have plenty of room in their finances to spend more of their income on vehicle loans according to lenders' DTI requirements.

>Cutting production to keep prices high is a game of chicken, and one of them will break first.
Over the course of a couple years, while simultaneously navigating the constantly accelerating timeline of epa regulations. They are going to have to adjust allocations and ramp up production with new tooling, accurately forecast demand, and not be strangled by gov regs by the time the vehicles hit the lots. Ford can't even come close to meeting demand for mavericksWhich nobody seems interested in doing since all future marketing and R&D is going into EVs now.

>They will sell the bottom or you'll go out of business.
It might seem like it when I sell you a clapped out 2012 camry for 2k off lot sticker because its been sitting on the lot for 3 months but what you don't see is how we make it up on the new yukon denali that I sell for 12k over that's still in transit from the factory.

[Anonymous No.52670406]

>>52669620
I think most people will simply subscribe to privacy preserving systems such as Railgun.

[Anonymous No.52671723]

>>52668570
my subaru outback 2015 was an amazing investment. have taken it on roadtrips across the US a half dozen times. smoke in it. fuck in it. sleep in it sometimes when arriving to a park/forest at dark. shoot out of it. plan to put another 150k miles at least.
>$9k down
it eats a lot of oil, and it's not sexy, but it's a great vehicle

[Anonymous No.52671747]

>>52668570
Ford Fiesta, I had mine for 7 years and it had 0 issues since then. A simple and honestly good looking car that just works.

[Anonymous No.52671757]

>>52668570
Well, I don't know much about cars so I just watch based autists like Scottie Kilmer. I think it's important to look at common problems associated with whatever car you're looking at, like Fords are infamous for having bad engines I think. If I had 20k on me, I think Id want a ford transit awd

[Overseer of Clowns No.52671780]

>i'm not your brother, sister

[Anonymous No.52672038]

>>52668570
Why not one of those new KN cars?

[Anonymous No.52672117]

>>52670406
Railgun has been proven to be a fake L2 tumbler though. They even have a pajeet head dev.

[Anonymous No.52672167]

>>52669681
Fucking based, I never see these anymore I think they're all breaking down.

[Anonymous No.52672174]

>>52668570
women overwhelmingly think that the Subaru WRX faggots are d-bags whose personality is vaping and maybe selling weed to high schoolers. maybe a new WRX is fine, i'm talking the mid-2000s ones I see around here with ebay exhausts.
if you want some amount of female attention it's sadly gonna be a pickup truck or a somewhat unique sporty/luxury car that screams 'old money'.
i really don't think a car is gonna make you get a gf though, i got my wife while driving a korean piece of shit. just get one that doesn't hurt your chances.

[Anonymous No.52672176]

>>52671757
Stale b8

[Anonymous No.52672226]

>>52672174
i forgot one, women seem to love jeeps for absolutely no reason - they're built like crap. but i do see a loooot of that around here.
whatever it is, keep it clean and in good shape. that helps your image almost as much as the choice of car.

[Anonymous No.52672232]

>>52670406
No they probably won't.. shit doesn't work, and had their non human "dao" dump $5 million worth of tokens on investors lmao..

Wait till Barry Silbert and DCG dump their useless fail tokens next hahahahaha

Stay rekt railfags

[Anonymous No.52672342]

>>52669093
This anon knows. I have an outback but had to get the 3.6. It’s honestly great other than the occasionally annoying remote hatch… it’s opened in my driveway and drained the battery on a rare-but-more-than-once occasion.

Would honestly trade up to a 4Runner or taco if I could.

[Anonymous No.52672382]

>>52672174
>>52669540
I like this fud, keep doing it until I buy mine.
>>52671723
>>52671757
I like the foresters, they're like driving an old ford ranger but with 4x4. I also have everything I need to change a head gasket on these so I'm set as it's the only real problem these things have. Avoid the new CVT stuff though, those things go through valvebodies like hookers go through condoms.
>>52669504
>this
New cars keep getting more and more complicated, more shit for SaFeTy and more shit to breakdown on you. A car shouldn't need to go into limp mode because the ABS has an error, that's just asinine. Cars from 10 years ago will outlast what we have on sale today.
>>52670406
>>52669620
>>52669337
>>52669165
This is a car thread, why are you shills even here? Fuck you bagholders are getting desperate.

[Anonymous No.52673535]

>>52668822
Can confirm. Truck Chad here. Bitches love riding high. Plus, it’s way easier to get a roadie when they know your average, artsy beta can’t pull a peeping Tom.

[Anonymous No.52673565]

>>52668570
I wasn't aware there was a car bubble? It seems to me that while everything else got more expensive, cars didn't to that extent. New cars even seem too cheap.

[Anonymous No.52673818]

>>52668859
You still here?
If CarMax offered me$11k, do you think i could negotiate with a Honda dealer to get the same value for trade in on a new Honda?

[Anonymous No.52674017]

>>52673535
Now there's a pro whose seen it through more than once!

[Anonymous No.52674087]

>>52673565
>t. never driven in his life

[Anonymous No.52675177]

>>52668570
if I have that kinda bucks, I'd go for any of the Audi vehicles, so that my kids can enjoy cloudbreaker at the backseat while on long trips.

[Anonymous No.52675198]

>>52675177
>If I had that kinda bucks
It's 20k. You have kids right? I'm a father too but how fucking poor are you?

[Anonymous No.52676143]

>>52668570
You'll be pissed in a few months if you buy right now
The housing and auto markets are about to implode for a few months

[Anonymous No.52676209]

>>52668963
>Anything from '99-on that Toyota makes will easily last until 500k if you take care of it
I hope you meant '89-on

[Anonymous No.52676634]

I bought a first gen outback GT w/ a manual trans in 2018 off some based gun toting hippie in Flagstaff for only $800. Had a lot of weird issues with it but I drove it for 30k+ miles for over a year and loved it before wrecking it during a bad snowstorm a couple years ago in the mountains of CO. After that I used some money I saved up from waging to buy a third gen 4runner with 4WD for $7k cash from a dealer outside denver. Best purchase I ever made and it was right after the pandemic hit and right before used car prices started to go retarded. I never plan on selling that thing. Literally indestructible

[Anonymous No.52676730]

>>52676209
>tfw own 6 speed corolla hatchback

very good commuter and yes they killed it this year

[Anonymous No.52676914]

>>52672038
based, I had a friend ask me what the new KN car was

[Anonymous No.52678339]

>>52668570
>The car bubble is finally popping
wut lol

[Anonymous No.52678392]

>>52668898
>BMW
no Turkaroaches allowed

[Anonymous No.52679829]

>>52668570
A car is the biggest fucking waste of money. If you absolutely need one, meaning you have NO running or fixable car right now, then you should buy the cheapest used non Nissan economy jap car that you can find.

I doubt you’re worth more than 200k NW right now, but let’s say you are. You’d be spending 10% of your total NW on a piece of shit that will impress NO ONE and drive no better than a econ shit box from 06.

If you truly enjoy cars, then scour the used market for something cool that needs work and build it back up. That will be WAY more rewarding than any piece of garbage auto manufacturers make today, and you’ll learn a wealth of knowledge that’ll last you a lifetime.

[Anonymous No.52679840]

>>52668570
how do you know this is happening? i have been thinking about buying a tacoma but i hate that a 2020 used model is being the same price as a 2022 model.

[Anonymous No.52679869]

>>52679840
lots of repos and leases defaulting.
peoples mortgage went up if they were variable so they are choosing to keep their houses instead of cars.
wait 4-6 months and cars will be below MSRP again like they were 5 years ago

[Anonymous No.52679902]

>>52673535
grt literally can't go below $0.05. it's part of the protocol

[Anonymous No.52679903]

>>52673818
If you push for 10% over kbb "fair condition" trade in value most will accept that deal, if carmax is above that by more than a grand then you have to decide for yourself if its worth the hassle of selling it to carmax and then taking your money from the sale to another dealer to complete a purchase on something else (while not having a car in the meantime).

[Anonymous No.52679962]

>>52679840
>Tacoma

God, my dad had an 02 two door Tacoma back in the day. Learned to drive on that thing. I think he ended up trading it in for only a couple thousand maybe a decade or so ago. The small size was perfect if you never planned on towing anything like a huge boat.

Was thinking about buying the same model/year since owning a house and helping out others has brought up a ton of scenarios where it’d be a nice to have, but the prices when I last checked were close to $20k for one with about 200k miles.

[Anonymous No.52680013]

/o-biz/, should I sell my hooptie now?
2003 civic lx
>155k miles
>35 mpg
>clearcoat peeling off on roof
>broken front wheel stud
>passenger window control broke
>cracked bolt off inside valve cover
>replaced hole with a cork
>"piston slap"
>back psgr door latch broken
>ignition key cylinder has no tumblers
>can start it with a screwdriver
>CEL always on
>eternal code P0420

Its my daily. Similar models are selling for $5k near me...

[Anonymous No.52680021]

>>52668570
jaguar xf sports,

[Anonymous No.52680136]

>>52680013
Normally I’d say keep something like that until 250k miles, but with all the issues it’s having it might be worth looking into 2010-2016 year old cars with under 100k miles. Definitely check that the model year doesn’t suffer from any major issues.

Should be able to find some under $10k. Could also try to wait it out another year or two to see where prices go.

[Anonymous No.52681455]

>>52668925
>Women seem to judge me as gay/mid life crisis/short dicked
Let me guess - you drive a Miata.

[Anonymous No.52681580]

>>52679869
i wonder if the same will happen in mexico, i forgot to mention i am from there.

>>52679962
I never had one but a friend of my dad used one for those outdoor trips they use to make in the desert, was comfortable and i really like how it looks in the latests models.

[Anonymous No.52681955]

Thoughts on Leasing a car until the bubble is fully bursted?
Something like a 2023 civic would be around $300/month for 3 years. I have the feeling that post 2020 cars won't last that long anyway, and you'll need all kinds of special tools and proprietary software just to diagnose and work on them...

[Anonymous No.52682496]

>>52681955
Depends on your market. If you live in the northeast USA you have beter options, in my area of the country (southwest) the lease rates and manufacturers' residual estimates are dogshit ("money factor" = interest rate / 2400 fyi if you're unaware) . You can get a cheaper payment by financing and be in a similar washout equity position after 2-4 years if you keep mileage near leasing limits so there's literally no benefit to leasing in my market. Also don't forget nearly all lease advertising only quotes the monthly and hides the 3-6k "drive off fee" which is just cash down payment.