How high interest rates and inflation before you cancel?

[vzqhsg]

How high does inflation and interest rates have to climb before you will cancel your order??

Sponsored

 

[Deleted member 3063]

guess your resale price will be going up.

 

[WuNgUn]

How high does inflation and interest rates have to climb before you will cancel your order??

If you're a locked in 2021 order, you're actually hedging against inflation...
Expect to see the prices of the '22 to go up. And that goes for the used market as well.

 

[Bongo Fury]

If you're a locked in 2021 order, you're actually hedging against inflation...
Expect to see the prices of the '22 to go up. And that goes for the used market as well.

Which is exactly how I got here in the first place.
My reasoning was a tangible asset driven decision to purchase a new vehicle.

https://usdebtclock.org/index.html?taxpayer=

 

[greatlakes]

I think if rising interest rates move me to a "I can no longer afford it" situation, I probably couldn't really afford it to begin with.

 

[GetMeOutOfHere]

Interest rates will still be very low historically even after the Fed's announced rate increases this year.

The agreed upon price for my Bronco hasn't changed so inflation doesn't seem to be a problem here. If anything it's a benefit. I'll have the option to sell it on the open market for a profit due to the shortages that are driving inflation.

 

[Blitzjb]

How high does inflation and interest rates have to climb before you will cancel your order??

You people don't remember when mortgage rates were 12% and higher. We just picked up an RDX for my wife, the interest rate is 1.69% - Minor interest rate increases by the Fed do not cause a ripple in the consumer markets... I suggest taking an economics 101 class. The problem with low interest rates is the people buy more expensive things they can't afford - which is why the market crashed in 2008.

 

[mattymik]

I think if rising interest rates move me to a "I can no longer afford it" situation, I probably couldn't really afford it to begin with.

I’d totally buy a Lambo if the cost of gas weren’t so terrible.

 

[Jdc]

You people don't remember when mortgage rates were 12% and higher. We just picked up an RDX for my wife, the interest rate is 1.69% - Minor interest rate increases by the Fed do not cause a ripple in the consumer markets... I suggest taking an economics 101 class. The problem with low interest rates is the people buy more expensive things they can't afford - which is why the market crashed in 2008.

You had me until the market crash. People opting for variable rate mortgages was only part of the reason why the market crashed

 

[JT58Bronc]

Inflation in general, including higher interest rates, gas prices, etc. I am not sure how all of you do it - affording mortgage, car payment for a 50K plus vehicle, insurance and the gas. I don't make a lot of income but saved and planned to get my Basesquatch cash outright and am going to most likely abort due to high gas prices and a long commute to work. So, no not the interest rates for me but high gas prices. Although I can pay cash for the vehicle, gas is an ongoing expense and I won't have the income to afford it.

 

[vrtical]

At this rate, I probably could pay cash.

 

[Blitzjb]

You had me until the market crash. People opting for variable rate mortgages was only part of the reason why the market crashed

Correct - the mortgage / real estate industry was very good at selling houses to people who could not afford them.

 

[Jdc]

Correct - the mortgage / real estate industry was very good at selling houses to people who could not afford them.

IAG and large investment firms didn't go broke because some poor people couldn't repay their loans.

 

[JohnG]

Inflation in general, including higher interest rates, gas prices, etc. I am not sure how all of you do it - affording mortgage, car payment for a 50K plus vehicle, insurance and the gas. I don't make a lot of income but saved and planned to get my Basesquatch cash outright and am going to most likely abort due to high gas prices and a long commute to work. So, no not the interest rates for me but high gas prices. Although I can pay cash for the vehicle, gas is an ongoing expense and I won't have the income to afford it.

Basesquatch plus Vespa for the commute. Boom, solved!!

 

[2kmsiebert]

You people don't remember when mortgage rates were 12% and higher. We just picked up an RDX for my wife, the interest rate is 1.69% - Minor interest rate increases by the Fed do not cause a ripple in the consumer markets... I suggest taking an economics 101 class. The problem with low interest rates is the people buy more expensive things they can't afford - which is why the market crashed in 2008.

Exactly, and that is when the fed raises rates............... to curtail excessive debt taken on by consumers.... agreed. and we are so used to low rates, it is crazy.

Sponsored