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New & Used Car Market?

eljetfan

Well-Known Member
Gold Member
Jan 5, 2005
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I’m frugal, but the in-laws would like to buy our 2009 Highlander for fair value which is 12-15k - kind of crazy because we paid 38k for it (loaded) and haven’t had a car payment for 7 years.

Whats the new car market like right now? I looked at the KIA Telluride (very highly rated) and dealers are asking for $7k above MSRP. That’s nuts. Are all cars like this?

Our budget is $50k max but I hate paying this much for a car. Prefer for pay $40K or less. We’d like a 5 or 7 seat SUV with leather and heated front seats and a little pep. Some luxury is nice, but no need to go over the top.

We always have liked the Acura MDX and said this is what we would buy next go around. They used to be in high 40s for new. Now they are 25% higher than that. NFW I’m paying $60k+.

It’s a terrible time to buy, but it’s time. Given our requirements, what would you do? Leaning towards used.

Hate, hate, hate buying cars.
 
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