Industry news is no chip shortage relief until Q2 2022. Hyundai has ~15 day inventory which is half of normal. Prices will remain high, trade in values as well. Possible rate increases in November, but low rates and longer terms (due to high purchase prices) like 60, 72 and even 84 months will continue into 2022.
Dealer price yes, but the MSRP? Never seen that even with massively in demand and short C8 production. MSRP only changes with a new model year to account for inflation.
I agree MSRP may go up a few hundred with the next model year. But I think the implication is the manufacturers might up the MSRP to match the premiums above MSRP many have been paying. And I don't think that's likely.
Base MSRP on the Monroney sticker for a Challenger was just over 28K for the SXT trim at the beginning of the model year. Now it's 29.5K plus they raised the cost of individual options and shipping. The higher trims also increased. So I can't speak to the C8 pricing but obviously the blanket statement of MSRP only changes with model year is incorrect. It looks to me that FCA is adjusting for the rampant inflation quarterly. These are made in Canada, maybe that also has an impact.
Like you I watched what was coming to local dealer and jumped on an SEL with 02 Package. Was looking at getting the 500 w/2.5 APR or 1.9 financing w/HMF. Filled out the forms for loan and put a deposit of $1000. on vehicle. On the way out the salesman said " If the SC isn't on the lot by 11/1/21 I might not get the financing offers". WTF. SC is due in 11/16. My only hope is that they extend the offers. If not I will walk.
Most likely the financing will hold if they want to keep people interested. After all you will get to kick the dog only once before it'll bite you.
Yes, same here on the Vet discount. That will still be available for a few months. I did like you on my Elantra GT made a few payments and payed it off. I was just thinking that having a bit of debt will help keep my credit rating high since I have only 1 credit card and pay everything off on time.
Great minds think alike
Financing is still pretty low across the board - I actually got 2.5% for 72 months which was below the Hyundai rate of 2.9% (that's of course after they came at me with 4.5% and I told them about the Hyundai 2.9% - then they mysteriously found the 2.5%). I plan to have it paid off in three years or so but wanted the lower payment just in case.
I've never seen the logic in a lease - you pay on it for three years (or however long) and after that time you have nothing to show for it. Kind of like renting an apartment. Just my opinion though - it works for some people I suppose
We got 2.49% @ 84 with the plan to payoff early also.. I always like a buffer incase of unforeseen problems that could creep up
Yep it's nice to have that fall back just in case! This month my personal property tax came due (Virgina car tax) and it's a lot more then the tax was for my 07 Vera Cruz! Happy to have that smaller payment in this case. But we don't have local/county income tax so...
I haven't heard of SC going up, mostly ones with a new model in the 2023 have jacked up their prices significantly from videos I've seen.
Thankfully Hyundai is going to make their own chips. They had a contract with a S.Korean company to make them and they sub- contracted it out to a China company. I think they are on the right page while we Americans never learn. Even Tesla was set to produce their own chips that why they don’t have the problem others have.
