Here's What You Drive And How Much Your Payment Is

I will say the one good thing about waiting 2 years for the Bronco is I was able to save up for a ~65% down payment. That was awesome.

We're quickly getting to the point where it's going to be over $1000/mo for a decent vehicle these days, and I don't think it'll be sustainable forever. I know 6/7 year loans are becoming more popular, but that just feels like a band-aid more than anything. Still making car payments on a vehicle whose warranty has expired just seems insane to me. I was hoping Jeep would keep pricing very competitive to force Ford to respond. But that didn't happen at all, and the Wrangler got some beefy price increases over the past year just like the Bronco.

At some point, someone has to flinch, and it'll probably be buyers.

Talked about this last night but a Base Sasquatch being almost $50k (!!!!!) is absolutely nuts.

Paid cash...figure out the budget, what I'm willing to spend, put a couple extras on the Badlands for my wife's comfort. I know not all can pay cash, but if you start saving your monthly it is easy to do. 5-4-3-2-1!!

Laura

Nothing muffin post: The HellCat gives me stress, but I get that 37k down for a Bronco isn't feasible for everyone.

Jalopnik: Here's What You Drive And How Much Your Payment Is

On the topic of prices, here's another story I saw this morning that's not BN-front page worthy but kind of interesting. Jeep Is Getting Kneecapped By High Prices, Supply Chain Issues, Ford Bronco. Reported –– if prices get too high, we'll just walk: "There’s a bigger lesson to be learned here: the auto industry needs to realize that people were only going to put up with $50,000 average new car prices for so long until they just stop buying cars."

I don’t know. My first car was a 1965 Ford Custom 500 2dr. Bought it used but I have the original sales receipt. $3695 equates to $35508 in today’s world. It had power steering and a 352 V8. No power brakes, no air, AM radio.
Vehicles have come light years ahead of my first car. Safety, comfort, reliability, performance, and tech.
I feel my 2dr Sasquatch 2.7 Black Diamond, mod bumper with tow package was a bargain out the door for $47000.

You can still buy a fairly nice vehicle today for $35508 that is hands down better than my first ride.

extra toasty

I don’t know. My first car was a 1965 Ford Custom 500 2dr. Bought it used but I have the original sales receipt. $3695 equates to $35508 in today’s world. It had power steering and a 352 V8. No power brakes, no air, AM radio.
Vehicles have come light years ahead of my first car. Safety, comfort, reliability, performance, and tech.
I feel my 2dr Sasquatch 2.7 Black Diamond, mod bumper with tow package was a bargain out the door for $47000.

You can still buy a fairly nice vehicle today for $35508 that is hands down better than my first ride.

This is a good point.

For fun I actually plugged in my Ford Bronco XLT into an inflation calculator, which in 1989 had an MSRP of $18,500. The XLT trim was the middle trim level for those unaware—probably roughly equivalent to a Black Diamond today.

Black Diamond starts $44,135, and the '89 Ford Bronco XLT when adjusted for inflation is $45,520.

Given the capabilities of the Black Diamond today compared to what I had in the XLT two and a half decades ago... it definitely seems like we're getting our money's worth. So perhaps the issue is not that the vehicles actually cost more, it's that people's household income is not keeping up with the rise in costs. Or... perhaps people are more willing to stretch their budgets these days, are more willing to use credit, and therefore are spending outside of their means. (Or maybe it's a little bit of everything.)

I got mine down to $600 and it's the largest of my life by over double. But I'm also making far more than when I had those smaller loans so it's fine.

21 pricing and 1.5% interest went a long way. An identical spec'd rig today would be a lot higher.

I dunno, that hellcat engine was well worth the extra dough :D

First new car was a 1980 Dodge (Plymouth?) Colt I bought for 10,000. After 20 years of used cars I bought a PT Cruiser (2001) that was loaded and cost around 16,000…

Great advantage of ordering and waiting is the chance to save up and sock money away for a new car. Doing so also tends to cure one of impulse shopping, followed by buyers remorse…. When you wait for up too three years for a Bronco you have plenty of time to decide if your really want to spend that kind of money on a vehicle…

If I finance a car at the dealer it is only to get a better price or rebate. As soon as the dealer gets their rebate credit from Ford (usually three months) I pay the vehicle off, or I just buy through a credit union and pay it off within a few months. I HATE paying someone to use their money…

Sulley

I dunno, that hellcat engine was well worth the extra dough :D

Well just don’t try to race Mustangs or follow Sasquatch Broncos too close.

From Car and Driver:
While the 392 might accelerate like a C6 Corvette, it doesn't brake or corner like one. Skidpad grip measured a mere 0.70 g, and stopping from 70 mph required 218 feet—significantly longer than the 197 feet posted by the two-door Ford Bronco Sasquatch.

Laura

Nothing muffin post: The HellCat gives me stress, but I get that 37k down for a Bronco isn't feasible for everyone.

Jalopnik: Here's What You Drive And How Much Your Payment Is

On the topic of prices, here's another story I saw this morning that's not BN-front page worthy but kind of interesting. Jeep Is Getting Kneecapped By High Prices, Supply Chain Issues, Ford Bronco. Reported –– if prices get too high, we'll just walk: "There’s a bigger lesson to be learned here: the auto industry needs to realize that people were only going to put up with $50,000 average new car prices for so long until they just stop buying cars."

Our Black Diamond was 52K; and yes, the threshold.
Furthermore, we chose the one time payment option so to circumvent the +8% APR that we were quoted.

extra toasty

Well just don’t try to race Mustangs or follow Sasquatch Broncos too close.

From Car and Driver:
While the 392 might accelerate like a C6 Corvette, it doesn't brake or corner like one. Skidpad grip measured a mere 0.70 g, and stopping from 70 mph required 218 feet—significantly longer than the 197 feet posted by the two-door Ford Bronco Sasquatch.

Totally. Trucks aren't race cars... and even Dodge's race cars can't corner for shite. That's why you end up with some decimated 392's on websites like CoPart. Be safe!

Sulley

Totally. Trucks aren't race cars... and even Dodge's race cars can't corner for shite. That's why you end up with some decimated 392's on websites like CoPart. Be safe!

People love to wreck their high performance cars. No matter what the make. These newer high HP vehicles aren’t necessarily for mere mortals.🤣

And now more competition in the market:

https://www.wsj.com/articles/toyota...sysww7o2ghg2&reflink=mobilewebshare_permalink

The vehicle payment may hurt every month, but to be honest what hurts more is not having one of these vehicles. In my opinion.😉🤣

Scottweisen

The vehicle payment may hurt every month, but to be honest what hurts more is not having one of these vehicles. In my opinion.😉🤣

Yup!

Scottweisen

The vehicle payment may hurt every month, but to be honest what hurts more is not having one of these vehicles. In my opinion.😉🤣

Ha, yeah, on paper, my Bronco purchase sounds so silly and like I'm bad with money -- it was $30k less than my HOUSE. But I "needed" it.

RagnarKon

I will say the one good thing about waiting 2 years for the Bronco is I was able to save up for a ~65% down payment. That was awesome.

We're quickly getting to the point where it's going to be over $1000/mo for a decent vehicle these days, and I don't think it'll be sustainable forever. I know 6/7 year loans are becoming more popular, but that just feels like a band-aid more than anything. Still making car payments on a vehicle whose warranty has expired just seems insane to me. I was hoping Jeep would keep pricing very competitive to force Ford to respond. But that didn't happen at all, and the Wrangler got some beefy price increases over the past year just like the Bronco.

At some point, someone has to flinch, and it'll probably be buyers.

Some banks/dealerships are now offering 10 year auto loans. This should be a sign that something is out of control. There will likely be a auto bubble that bursts similar to the real estate bubble of not so long ago.

Sulley

I dunno, that hellcat engine was well worth the extra dough :Dy

To each their own, I'd prefer a muscle car going that route. My Bronco has plenty of power to get tickets on the street or break stuff off road if I wasn't responsible. Also if I were buying a "hemi" I'd want a true hemi not a hemi(registered trademark)