Hi I heard Scotty say it isn't good timee to get either new or use car now due to pandemic and the high gas prices and is it really true? Also when can it be best time to get another car? Which car will be the best due to economic now?
is it really true?
it isn't good timee to get either new or use
New car prices aren't so bad. It's just that inventory is low and you may have to wait.
due to pandemic and the high gas prices
They say car manufacturers learned that keeping smaller inventory leads to greater profit, so even after we recover from shortages, they may try to keep supplies artificially low. I wouldn't hold my breath on gas prices dropping any time soon, if ever.
when can it be best time to get another car?
You either need a car or you don't, and if you need to buy a car, then just bite the bullet and do it. Nobody can predict what will happen.
Which car will be the best due to economic now?
That depends on what you need. Obviously most people are clamouring for anything fuel efficient and reliable, which is why you see the prices you do.
Hybrid sales have gone through the roof.
The market is terrible now, probably the worst it's been since the end of the war. This is not a good time to be shopping for a car if you don't have to.
Is it better to try investing on a house or land better this time instead?
You're comparing completely different things. A car is not an investment, it is a depreciating asset. Unless you buy in a bubble or in a really bad area real estate will generally increase in value.
Nobody can tell the future. If we could, we'd be billionaires. Most Hondas and Toyotas are very good vehicles and are more worth the outrageous prices of today than any domestic or imported Kias and Hyundais. Corrollas, Camrys, Civics, Accords, Honda Fits, etc. The dealer where I bought my 2017 Mustang 4 years ago wanted $25,000 for a 100k mile used regular cab short bed F-150 with a V8 and 4x4. It was a 2020. No way I'd ever pay that.
Is it better to try investing on a house or land better this time instead?
So you're looking for investment advice, not a car.
Cars are terrible as investments because they depreciate so badly.
Unless you live in Detroit, land is almost always a smart investment.
Is it better to try investing on a house or land better this time instead?
You’re on the wrong forum for real estate advice. You may be better off contacting a professional financial advisor, for your investment/s.
So I have bought cars during covid for myself and friends; I bought my 2022 Civic Touring last year and I ended up paying msrp but I am happy I bought it last year instead of waiting to see what happens because already Honda has increased the msrp for the Civic by $900. And this has happened with other cars/manufacturers too. So I don't anticipate msrp prices going back to where they were before and I actually think they will increase again.
The difference is before you would negotiate and get it below msrp which isn't happening now; msrp is the new definition of a good deal on most vehicles. If you plan to buy a car to keep for some years and can afford it I would say buy it now rather than waiting. Try to find a dealership willing to sell at msrp without dealer added stuff and that's a good deal.
As to what to buy it really depends on your needs, but first of all buy Honda or Toyota as they make pretty good cars. If you drive enough to justify hybrid then a hybrid Toyota or Honda. If you don't need hybrid then again a gasoline only Honda or Toyota. The only thing is if you want longitivtiy then avoiding turbo engines would be a good idea.
