New purchase dilemma...

[2020MaxStealth]

We were in the same boat about a month ago. Our lease was up in August this year, we wanted to get into a Max since we outgrew our 2018 Limited. I'd say the new car market, depending on the area, is still looking to sell cars. They will make more on your trade than selling the new car to you, so you have some leverage still.

We traded our lease in early, our residual was 40k, they gave us 55k trade value, which we used towards our 2021 Max Stealth.

 

[wakeboarder]

Because I have 3 kids plus 2 more on the way.

Congratulations. Twins are great!

 

[Molaf]

We were in the same boat about a month ago. Our lease was up in August this year, we wanted to get into a Max since we outgrew our 2018 Limited. I'd say the new car market, depending on the area, is still looking to sell cars. They will make more on your trade than selling the new car to you, so you have some leverage still.

We traded our lease in early, our residual was 40k, they gave us 55k trade value, which we used towards our 2021 Max Stealth.

If you don't mind me asking, what was the price before trade-in that you agreed on with the dealer?

 

[Molaf]

mcb345​

I'm finding 2018 and 2019 Black Label L models going between 70-80k (some CPO) with 40k or less miles. I'm super tempted to pull the trigger.

 

[Anerbe]

Used is always an option - Just load up the top level ESP for ~2K more, and you'll be set for another 5-6 years

 

[Molaf]

Used is always an option - Just load up the top level ESP for ~2K more, and you'll be set for another 5-6 years

ESP can be loaded onto a CPO right?

 

[2020MaxStealth]

If you don't mind me asking, what was the price before trade-in that you agreed on with the dealer?

We leased, so got an $80k MSRP Max Stealth for $750 for 36mo, with a $44k residual. How that works out is we will pay $72000 if we factor in the lease payments + residual. We are in a sales tax state, so paying 10% sales tax on $44k is easier to swallow than $72k all things equal.

 

[Machete]

Buying anything right now is just wasting money. You know you’re overpaying. Why would anyone do that?

If your truck is a screw then keep it till next year see what the market does.
Be patient.

 

[lv2drive]

after doing some research on the realistic projected chip shortages from TSMC, who supplies all automotive chips, it’s my opinion that we will see chip shortages extend into 2022 as a minimum - i can’t imagine prices stabilizing until this time next year if we are lucky. every automotive company is jockeying for whatever supplies become available, & something tells me Ford isn’t even close to the top of the bidding list. just my 2 cents.

 

[Deadman]

Buying anything right now is just wasting money. You know you’re overpaying. Why would anyone do that?

If your truck is a screw then keep it till next year see what the market does.
Be patient.

Because they think their increased trade value makes it a great deal. When they go to sell this newly purchased vehicle they will take an enormous bath because they paid top dollar for it and the market will crash in a couple years so its value will tank.

 

[grumpyoleman]

Because they think their increased trade value makes it a great deal.

True enough...

Whether the market is on a high or low really is irrelevant. What matters is whether or not you successfully negotiated a good deal on the purchase and whether or not you are happy with it.
"Book" values are only good as a reference when comparing different offers and as negotiating tools. I could not care less if the "book" says vehicle A is worth X dollars if I don't like it. Therefore, it is me, the consumer, who sets the value.

As to the OP, if the trade in value has increased, so has the purchase value. As long as you are happy about the difference and are getting an acceptable value, then your good.

Your money, your deal, you need to be good with it. No one likes to climb into the driver's seat of a vehicle they feel they got taken to the cleaners in (been there).

 

[Molaf]

True enough...

Whether the market is on a high or low really is irrelevant. What matters is whether or not you successfully negotiated a good deal on the purchase and whether or not you are happy with it.
"Book" values are only good as a reference when comparing different offers and as negotiating tools. I could not care less if the "book" says vehicle A is worth X dollars if I don't like it. Therefore, it is me, the consumer, who sets the value.

As to the OP, if the trade in value has increased, so has the purchase value. As long as you are happy about the difference and are getting an acceptable value, then your good.

Your money, your deal, you need to be good with it. No one likes to climb into the driver's seat of a vehicle they feel they got taken to the cleaners in (been there).

Oh I’m definitely aware of it being a wash when it comes to selling and buying. Same goes for the housing market. You’ll sell high but guess what? You’re gonna be paying the same to buy.

I’m in a bit of a jam because my family can’t wait. Kids are coming and I’ll have to be ready. At this point buying new seems to make more sense than used.

Just called about a 2019 Limited 502a with 24k on the odo. Dealer wanted $64k. New one I can order with same spec goes for $70k. Go figure which is the better deal. Granted you’ll be waiting but ya…

 

[Deadman]

If your family can't wait then you can't order new and wait........

 

[Molaf]

If your family can't wait then you can't order new and wait........

I mean we can but only up to a point. I can’t wait tell this time next year but can say till January or February at the latest.