A tale of two model years: Price increase comparison

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sam darakjy

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wilmington nc
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2018 Tradesman Crew Cab 4x4
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6.4 Hemi
If that's true, there's more to it than just the insanely inflated vehicle prices. A payment that high is partially due to a low down payment.
Higher rates along with a low credit score don't help either.
 

turkeybird56

Military Vet 1976-1996 Retired US Army
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2019 Bighorn, 4 X 4, 3.21 rear, Bright Flame Red Pearl Coat, Mopar tonneau cover,Westin Bed rug
Engine
Hemi 5.7
Not sure what is worse: New Car prices/payments/down payments. Inflation on everyday commodity items: food, gas, fuel, electricity. Add on top of that property value prices going up some places by 50% or more. Here averaging 20% increase a year. Luckily, TX state law limits most they can get from U each year w/o ballot (Residential primary only), is 10%. Add all three, OMG, lol.
 

demonram

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2011
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5.7 Hemi
Keep in mind the truck design and options may be the same, but the wages they are paying the union and the people who work for the union are not the same, and neither is the price of steel, glass, 0% financing, health insurance, and the other stuff they do to unrelated to the truck itself you have to pay for to get one. You guys think trucks are bad… anyone try to buy/build a house lately?
Yeah, just built a new house myself. We started the process in 2020, since we live in a rural area, we had to have a soil survey for the septic tank. Because of Covid, material prices increased ridiculously, so by the time it was finished it had been two years, and the loan for construction, plus my own IRA withdrawals, I ended up at nearly a half million in the house, and the tax appraisal is nowhere near that. Thankfully, our previous home was paid for and I paid off nearly everything I owed on it, except about $80,000.00. I hate getting my investment statement now though.
 

turkeybird56

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2019 Bighorn, 4 X 4, 3.21 rear, Bright Flame Red Pearl Coat, Mopar tonneau cover,Westin Bed rug
Engine
Hemi 5.7
Yeah, just built a new house myself. We started the process in 2020, since we live in a rural area, we had to have a soil survey for the septic tank. Because of Covid, material prices increased ridiculously, so by the time it was finished it had been two years, and the loan for construction, plus my own IRA withdrawals, I ended up at nearly a half million in the house, and the tax appraisal is nowhere near that. Thankfully, our previous home was paid for and I paid off nearly everything I owed on it, except about $80,000.00. I hate getting my investment statement now though.
I know I do not have the $$$$ just by yer typing answer, BUT I hate to look at qtrly statements from my Investments, just looks lousy. Had a friend built house by Charleston for 550K, he was locked in, or it would have cost him 80K more to build. Way above my modest means.
 

Rbertalotto

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Boston
Ram Year
2018
Engine
6.4L
Car and truck prices have gotten so9 high, many manufacturers are thinking about "Subscription Options".....Turned on and off over the internet....You want heated seats? $9.95 a month, heated steering wheel...$5 a month....AC?...$20 a month and so it goes....
 

StNick

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Dublin, Ca
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1994
Engine
Cummins 12V
Last year I needed to buy a truck since my Ford was involved in a fire. I could have bought a new one but I refuse to pay an additional 10 thousand for a Diesel and refuse to buy an automatic xmission in a truck. I refuse to go into debt for years just to make more money for the auto maker executives. I bought a used truck that had the older, more reliable Cummins engine and the 5-speed that I wanted. It was over priced but nowhere near the amount of a new truck.
 

jagman_xjs

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Clarksville IN
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2003 2011 2019 2023
Engine
5.7 Hemi(s)
I was thinking of buying a newer "back up" truck but at these prices. I will NOT buy another new and used is stupid high and many with well over 100k miles. I will just keep what I have and enjoy them.
 

ashman155

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Edmonton,Alberta
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2018
Engine
5.7 hemi
It is what you call greed inflation. They are trying to make up what they lost when we were in the Covid Pandemic. i seen that when oil tanked. Then they hosed you to make up for the loses yet huge profits. I seen that in an oil town. Houses you could buy next to nothing owners selling at a loss when things turned around they then stuck you with ridiculous house prices to gain what they lost.
 

Jim113

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Ontario, Canada
Ram Year
2020 Longhorn
Engine
Hemi 5.7
I know the feeling ... I bought my new Ram on January 31, 2020, just before the covid nonsense started ... I usually trade every three years or so, and just two days ago I priced out a 2023 model (Longhorn) with the same options I have on my 2020 and the price was $11,000 more ... Luckily I had a lot of manufacturer incentives to work with in 2020, along with two dealers trying to out-bid each other for my business ... I also purchased an extended warranty, and since there are no decent incentives available, I'll hold on to what I have until the manufacturer comes back into reality ...
 

Stavinksi

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Midwest
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2022
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5.7
I know the feeling ... I bought my new Ram on January 31, 2020, just before the covid nonsense started ... I usually trade every three years or so, and just two days ago I priced out a 2023 model (Longhorn) with the same options I have on my 2020 and the price was $11,000 more ... Luckily I had a lot of manufacturer incentives to work with in 2020, along with two dealers trying to out-bid each other for my business ... I also purchased an extended warranty, and since there are no decent incentives available, I'll hold on to what I have until the manufacturer comes back into reality ...
yeah… suggest you not hold your breath. It’s not coming back friends.
 

Silby

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Glendive, Montana
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2014
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5.7
Agreed. But there is a tipping point in which someone's greed causes damage to other then themselves. Fixing that seems to be a socialist endeavor for which i am against, but waiting this out sure isn't fun...At some point, this economy has to go downward. Polarization of earners has long been in play, but it's nearing completion to a society of haves and have-nots.
Change is coming!! It won’t be long now.
 

BrianKC

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vs


$11K base price increase over 2 model years. Not to mention the increase in options pricing, some by 50%. How long can they keep this up and still sell them? I suck at math, but that looks like 18.2% over 24 months. I know we were running 9% plus inflation in 2022, but I didn't think it was that high in '21...Maybe I'm wrong.
That's actually a 25% increase over 24 months...crazy! The good news is, I read recently that supply shortages have eased, dealer inventory is up, and dealers are starting to offer more discounts again.
 

TotallyHucked

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Gainesville, Ga
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2017 Sport CCLWB
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5.7
It really is insane. I haven't had a car payment in several years but got tired of my cheapo daily's and started shopping for a Ram. Paid $31k for my '17 Sport with 71k miles. Last time I financed a 6-8yr old truck, it only ran me $18k. Granted, I found a few cheaper ones but not with the options I wanted, looking for a specific truck always makes it harder and more expensive (CC 6.4' bed Sport).
 

Jammin3rdGen

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2005
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vs


$11K base price increase over 2 model years. Not to mention the increase in options pricing, some by 50%. How long can they keep this up and still sell them? I suck at math, but that looks like 18.2% over 24 months. I know we were running 9% plus inflation in 2022, but I didn't think it was that high in '21...Maybe I'm wrong.
 

Jammin3rdGen

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2005
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There are a few recent news articles stating that the average age of passenger-driven vehicles on the road today is 12.5 years. My vehicles are all a bit older than that. I don't know who is buying the new vehicles, or how. Many of us prefer to have a make or model equipped for our needs and wants, with reasonable mileage and age as opposed to buying new. I can't help but think something is going to change as prices will eventually top out. Possibly the soaring high costs are marking the end of the gas-powered vehicles? We have seen it with other retail items, price/costs increase unreasonably for a product just before they are replaced by new and different technology or design.
 

ashman155

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Edmonton,Alberta
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2018
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The only way that will happen if the consumer refuses to buy that product, which will never happen. Yes you would like a profit but raise everything by 1000% is stupid, but again we have no choice but pass the Vaseline around. Kiss me first, bend me over and grease the pole before you give it to me. Lol
 

Tulecreeper

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Wstrn AR
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2023
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6.4 Hemi
Heard tonight, one of the news stories headlines was about being able to buy a new car , is now becoming a fairy tale. And that most people wont be able to do that anymore. And that a car loan payment now is averaging $1500 a month.

When I was in the market for my new truck late last year. I built my truck online and started to look. I found one locally that was almost perfect and bought it. The sticker price of my current truck, an early 2022 was $10k less than the one I built online.
And that is because people are buying what they can't really afford. I just picked up my new 2023 RAM and my payments are less than $400/mo. because I put 50% down. I could have just paid cash, but it's not like the old days where the more you put down the better financing you get. So I did what I did to keep the payments low. I'll probably make an extra payment every month and throw $1000 at the loan every quarter and have it paid off by this time next year.

People need to stay within their own price range or bad things will happen.
 
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