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[TX] Do you guys think this situation will get better if I wait out for a couple of months?
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IndianSWE is in Texas
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Look I know people in Reddit hate these kind of "Can you predict the future for me" questions. I am either going to get downvoted to oblivion or trolled. But I believe seasonality plays a very important role in car sales and also car sales people might already have some idea from the data they have seen so far.

My plan is to spend somewhere between 30K to 32K on a new car. Honda Civic or Corolla or Mazda 3 Sedan. Right now every single dealer is charging 2K to 3K on top of MSRP. So my question is, would things get better if I wait till September or October.

  1. I am pretty confident my insurance gas will cost me 250 to 300 dollars a month.
  2. I am only required to come into office 2 times a week. I only need to go to grocery store 2 to 3 times a month. So all in all, if I take Uber for all of my transit needs, I know for a fact that I would end up spending only 200 to 225 dollars a month.
  3. With each month I can save around 4,000 dollars. That means less money that I have to borrow.
  4. Right now I have 16K saved up for a new car and I put it in a money market fund and it is collecting 60 dollars a month. Not only will that money keep going up each month but also, I will be using all of that money to pay for my Uber rides.
  5. I managed to survive 2 years of Grad school without a car. So it's nothing new to me.
  6. I am really not a car person. I am hoping that if I do this for long enough, I might come to the conclusion that I don't need a car at all :)

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1 year ago