Used cars are still expensive

[LivingAlmostLarge]

After trade in, on average what is the out of pocket expense for doing this? $5k per year?

I think it depends on how well tundras hold value and during this weird period it was really good.

[QuarterMillionMan]

This new China red SUV (gas car) in Chile is $9000. Today on CNBC.

[james.hendrickson]

This new China red SUV (gas car) in Chile is $9000. Today on CNBC.

Its not clear to me how to capitalize on this. Buy shares in Chinese auto manufacturers?

[QuarterMillionMan]

1) in the market for a new car?
2) fly to Santiago Chile
3) figure out a way to ship it back = big savings

[QuarterMillionMan]

Even at the highest cost of $4000 to ship, at $9000 for a new China SUV, I would fly to Santiago Chile in order to buy it and ship it back. The only thing is California has the strictest emission control laws and I'm not sure if it would pass.

[QuarterMillionMan]

Add $1000 for the round trip airfare. And hotel, meals, transportation maybe another $1500.

[ua_guy]

Even at the highest cost of $4000 to ship, at $9000 for a new China SUV, I would fly to Santiago Chile in order to buy it and ship it back. The only thing is California has the strictest emission control laws and I'm not sure if it would pass.

Buy it remotely and have it shipped, and save yourself the airfare.

It's not that easy, though. Nor is it likely even possible. A foreign car less than 25 years old must be eligible according to NHTSA, and also comply to US Federal Vehicle Motor Safety Standards in effect for the year of manufacture. It also needs to conform to a list of different environmental regulations. And that just at the Federal level. California probably has stricter rules. It would be wise to have a broker, someone who can navigate the customs process, fees, and required documentation on both ends, plus a shipping broker to find the most economical transport.

Chinese-built cars are already being imported here. The little buicks and Chevrolets (Encore, Trax) come from China. Some Volvos do as well. You can tell where a car was produced by the first digit of the VIN. 1= US, 2=CAN, 3=Mexico, 4/5 = US. W = Germany. Y=Sweden Z=Italy. L = China.

[anhtuvp]

Yeah, finding a decent second car for $5000 or less can be a bit of a challenge these days. It's crazy how old and high-mileage some of those options can be, right? Did you tried local dealerships?

[myrdale]

1) in the market for a new car?
2) fly to Santiago Chile
3) figure out a way to ship it back = big savings

Good luck on parts when you need a repair.

[QuarterMillionMan]

Good point.

[crazyliblady]

I'm in the early stages of looking for a second car. Just an older sedan to run around in and use to commute to work. I figured I could find something decent for $5000 or less, but I was surprised to see most cars in that price range were 20 years old with 200K plus miles on them. Looks like I will need to expand my search to private owners or pony up more cash if I'm serious about going through with this plan.

I had the same problem in 2022 after a car accident. I actually got a payout from my car insurance company that was more than I had paid for the car, so I was hopeful that with that and my savings, that I could find an affordable used car. I did find something, but I had to pay more than I had hoped in order to get something in good condition and available locally. I started thinking about all the supply chain issues on different products since 2020 and wondered if it could all be tied to that. Carfax reports are positively indispensable and well worth it for me. I hope you find something that works for you.

[QuarterMillionMan]

I saw this article and would like to know where I can buy let’s say a new 2022 Jeep Cherokee at a discount (any Jeep dealer and ask for an outdated one)?

The first question on your mind might be: What exactly are leftover cars with zero miles? Essentially, these are brand-new vehicles that have been sitting on dealership lots for an extended period, often from the previous model year. Despite their pristine condition and minimal mileage, these cars tend to be heavily discounted to make room for newer inventory. This creates a golden opportunity for consumers looking to snag a great deal without sacrificing quality.

[disneysteve]

I saw this article and would like to know where I can buy let’s say a new 2022 Jeep Cherokee at a discount (any Jeep dealer and ask for an outdated one)?

The first question on your mind might be: What exactly are leftover cars with zero miles? Essentially, these are brand-new vehicles that have been sitting on dealership lots for an extended period, often from the previous model year. Despite their pristine condition and minimal mileage, these cars tend to be heavily discounted to make room for newer inventory. This creates a golden opportunity for consumers looking to snag a great deal without sacrificing quality.

Well it would be a 2023 leftover now if they still have any, not a 2022, but yes, dealers will discount the outgoing models they still have to make room for the new ones. Heck, the 2025s will probably be out soon and they'll be pushing the leftover 2024s. I haven't bought a new car but I'm sure you can look online and see their inventory.

[kork13]

I saw this article and would like to know where I can buy let’s say a new 2022 Jeep Cherokee at a discount (any Jeep dealer and ask for an outdated one)?

The first question on your mind might be: What exactly are leftover cars with zero miles? Essentially, these are brand-new vehicles that have been sitting on dealership lots for an extended period, often from the previous model year. Despite their pristine condition and minimal mileage, these cars tend to be heavily discounted to make room for newer inventory. This creates a golden opportunity for consumers looking to snag a great deal without sacrificing quality.

The only "tip/trick" I've heard regarding this is to wait until the next model year releases, them start searching. As the new models actually start showing up on the lot, dealers become increasingly anxious to offload the previous model... thus your advantage, and they become the "motivated seller".

[ua_guy]

Go to autotrader dot com. Search for previous model years, 2022. Make sure the "new" box is checked if you're looking for a previous model year New vehicle. Set your search radius - larger will pick up more vehicles. Lots of 2022's still out there and lots of 2023's.

There are apparently some unsold 2021's out there too. New means it's never been titled. There are vehicle out there that have some miles but are still sold as new vehicles. Dealer demo vehicles and the like.

Dealers usually want to MOVE aging inventory. Problem is, sometimes manufacturer incentives only apply to the newer vehicles, so shoppers are not always incentivized to try to deal on the old model because a new one can be had with promotional financing or a rebate for the same price.

Dealers will also take vehicles into inventory sometimes (dealer buys them from the manufacturer) when they've been sitting long enough.