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Auto Sales tanking


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Not surprising at all. My car is completely paid off, and I badly want a new one, but I think a couple things are going to happen the next couple years: 1. prices will continue to fall on new cars 2. MPG and alternate fuels will continue to improve. I really think Natural gas powered cars will be the future, and I want to wait for the right model to come out.

 

I also think in ten years gas powered cars will be a thing of the past, considered as antique and novel as rotary phones.

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Not surprising at all. My car is completely paid off, and I badly want a new one, but I think a couple things are going to happen the next couple years: 1. prices will continue to fall on new cars 2. MPG and alternate fuels will continue to improve. I really think Natural gas powered cars will be the future, and I want to wait for the right model to come out.

 

I also think in ten years gas powered cars will be a thing of the past, considered as antique and novel as rotary phones.

 

I am in the same boat I dont want to buy a car whose technology will be obsolete in 2-3 years.

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Yeah wasn't meant as an OMG SHOCKING article, just news.

 

I'm kinda in the same boat as well. Car will be paid off in a year but I'd prefer to hang onto it for a while and see what the next few years brings. (Not to mention the idea of not having a car payment seems pretty nice right about now, lol)

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Not surprising at all. My car is completely paid off, and I badly want a new one, but I think a couple things are going to happen the next couple years: 1. prices will continue to fall on new cars 2. MPG and alternate fuels will continue to improve. I really think Natural gas powered cars will be the future, and I want to wait for the right model to come out.

 

I also think in ten years gas powered cars will be a thing of the past, considered as antique and novel as rotary phones.

 

I think you are right. I am driving 12 year old Buick approaching 200k miles, and even though I may be in a position to buy a new car within the next two years, I'm not going to do it. I'm going to do whatever it takes to keep my old Buick running until we have a firmly established alternative.

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Anyone ever think about trying to find their way through a credit union? I know membership is always tough, but schools often have them. I bought my Hyundai Elantra last year through the Justice Federal Credit Union. The rate was great. Plus, as my understanding, credit unions aren't in the business of making enormous sums of money with the deposits, so they would be more stable in these times.

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