Quote:
Originally Posted by Chef-j
Im sure it will go more than a year or maybe we will never go back to normal. New car shortage now but after 2 or 3 years, there wont be enough used. Maybe lease now might be better deal than financing.
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Agree. Waiting to normalize is a guessing game. It could be soon or later. There will be long lead materials that will limit how much new can be made out of the factory.. the chips are the most commonly known but I bet other parts are taking longer than ever to be delivered to GM and other auto makers.
So while new production will continue, will it be the same supply at before? Will price become higher from the OEM given that buyers are willing to pay more for used and then most likely for new?
I didn't want to play this game so i purchased about a month ago. Did I pay more than what I would have been earlier in the year? Yes. But I had a trade that i made money on so overall i made the right decision for my case. I also had a large down payment so even if the market goes back, my value won't be upside down.
Back to the OP point, i would consider how much you want the car versus what you are willing to pay. Sounds like you buy cars often so i am going to assume you buy the sports/muscle cars for fun.. only you can make that decision and feel good about the outcome
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