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Forum nameGeneral Discussion
Topic subjectAdd 10k to your max and there might be some options
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13448357&mesg_id=13448368
13448368, Add 10k to your max and there might be some options
Posted by Cocobrotha2, Fri Nov-19-21 01:01 PM
With inflation and the tight car market, prices are up for new and used cars.

The good part of that is you might get more than you expected if you sell your Fusion. KBB says my 2001 RAV 4 has appreciated like 50% in the last year.

Bad part is, of course, there's next to no inventory on new car lots, more new cars are seeing dealer markups (Toyota told me there was a $5k markup on *Highlanders*), and used cars are through the roof.

The good thing is rate are crazy low though. I'm usually one to buy used cars with cash but we bought new this time and ended up financing about half of it bc it was a 3% interest rate.

We'd been putting off buying for the last year and only saw prices go up. With interest rates likely going up in the next 6 months, we figured it was time to bite the bullet.