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Used car market gets even more bizarre

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Re: Used car market gets even more bizarre

#281
post #275

Earlier quoted context omitted.

No better feeling though! Especially when running the numbers post-fix (insert CS joke here) and comparing to shop quotes. I keep spreadsheets for two cars and an older jet ski and I've saved ~$12k this year alone by wrenching solo assuming $100/hr = standard labor rate. I've learned a TON of cross-functional skills, have full control over the parts and repair, and it's just a feel-good way to step away from my desk…

You'll probably be less time efficient than a full-time mechanic though.

I'm sorry, but this is an unnecessary and negative comment. I don't know why you made it.

Of course a professional will accomplish tasks faster than a DIY'er checking YouTube.

But, as OP says, there's savings AND personal satisfaction involved. Why is time-efficiency the metric you're weighting in value?

Re: Used car market gets even more bizarre

#282
post #275

Earlier quoted context omitted.

No better feeling though! Especially when running the numbers post-fix (insert CS joke here) and comparing to shop quotes. I keep spreadsheets for two cars and an older jet ski and I've saved ~$12k this year alone by wrenching solo assuming $100/hr = standard labor rate. I've learned a TON of cross-functional skills, have full control over the parts and repair, and it's just a feel-good way to step away from my desk…

You'll probably be less time efficient than a full-time mechanic though.

By a large margin, definitely. I was hesitant to attempt repairs on my daily before I picked up car #2 because it was my only mode of transportation. Being able to switch between the two now gives me a much wider time margin for potential errors and my feelings about DIY repairs have gone from "keeping this car alive is going to bankrupt me" to "this is a fun hobby."

When confidence in repairability is low and stakes are high, it probably makes sense to opt for a shop.

Re: Used car market gets even more bizarre

#283

Used car prices have doubled, yet the “official” inflation figure is only 6%?

This isn't macroeconomic inflationary pressure, this is simply a shortage.

Are they different? Isn't macroeconomic inflationary pressure from widespread shortages?

Re: Used car market gets even more bizarre

#284

Earlier quoted context omitted.

There are 2 separate aspects here: Driverless, and governement controlled. A driverless car might be a car like today's, except with a computer on board. Governement doesn't connect with your car at an individual level, even if they might adapt the road code a bit to make it more easy on the cars. The problems you mention are real, but a driverless car doesn't change much. Havoc due to hacking is already possible tod…

>> Havoc due to hacking is already possible today But it's still legal to buy and drive a car from the 80s that can't be hacked. Looking ahead, my concern is that we'll begin to see laws that restrict human controlled vehicles from autonomous lanes and eventually whole roads. This would take a lot of burden off the manufacturers. If cars can use a common protocol to communicate across brands, you don't even need traf…

How... how would pedestrians cross these streets?

Re: Used car market gets even more bizarre

#285

Anyone have more details on specifically what these chips are and what they are used for in the "modern" automobile.

Pretty much everything. Every electronic system in your car pretty much has its own small brain. Different manufacturers are missing different chips and hence being affected differently. For some it's their seat adjustment system, for some its fuel management, for others its touch screens.

Re: Used car market gets even more bizarre

#286
post #83

Earlier quoted context omitted.

The narrative earlier in the pandemic was that the reduction in driving was brutal for mechanics as it meant a reduction in need for auto maintenance and repair. Fewer of us are staying at home these days, but it looks like we're still not quite back to pre-pandemic levels of driving[0]. I'd imagine it's probably a bit of a mixed bag for mechanics, depending on what sort of vehicles they specialize in, where they're…

Might be anecdotal but on top of that, I've noticed that many car owners who previously only had services performed by a shop began doing their own maintenance. A friend who works as a service manager at CarMax had similar observations in conversations with some customers, including one DIY-er who forgot to torque their oil drain bolt correctly, lost the oil, and is now the recipient of a refurbished engine. I had on…

Sounds like it's a problem that may solve itself.

Re: Used car market gets even more bizarre

#287
post #83

Earlier quoted context omitted.

The narrative earlier in the pandemic was that the reduction in driving was brutal for mechanics as it meant a reduction in need for auto maintenance and repair. Fewer of us are staying at home these days, but it looks like we're still not quite back to pre-pandemic levels of driving[0]. I'd imagine it's probably a bit of a mixed bag for mechanics, depending on what sort of vehicles they specialize in, where they're…

Might be anecdotal but on top of that, I've noticed that many car owners who previously only had services performed by a shop began doing their own maintenance. A friend who works as a service manager at CarMax had similar observations in conversations with some customers, including one DIY-er who forgot to torque their oil drain bolt correctly, lost the oil, and is now the recipient of a refurbished engine. I had on…

"YMMV (literally)." ha, that's for a good laugh at the end

Re: Used car market gets even more bizarre

#288

Anything that depends on Silicon right now is heavily warped. For example my GPU used is seemly now more valuable than I paid for it new, I will soon attempt to sell it. Meanwhile new GPUs area crazy expensive too, people like to blame miners but even GPUs terrible for mining are crazy expensive, I actually then considered mining to pay a new GPU, only to find out that mining is not being too profitable either, the m…

I bought a used Vega56 in 2019 for 180 Eur and just sold it for over 600, got a used 2070S for that money. Thankfully CPU prices etc seemed quite ok so I finally upgraded to a Ryzen system with a somewhat up to date GPU. Had no issues with out of stock parts though, bought Motherboard, CPU, RAM, SSD new for reasonable prices.

Re: Used car market gets even more bizarre

#289
post #29
post #4

Here's the flip side of that from auto lenders. They are seeing a huge recovery benefit from repossession of vehicle after chargeoff. Lenders portfolios are seeing a net benefit in chargeoffs which has hardly ever happened in recent history. Even more bizarre. https://www.yahoo.com/now/ally-financial-ally-beats-q3-12451...

Wow, those are some terrible incentives. I've never had a loan, so maybe I misunderstand the experience. But I'd hate to owe money to somebody that is hoping I fail badly enough that they take my stuff and while keeping my money.

Just usury at work. Is anyone surprised?

Re: Used car market gets even more bizarre

#290

Earlier quoted context omitted.

And when you find a car that’s available they all are stacking an extra 10k “market adjustment” on top. It’s a huge scam.

Isn't that just market economics? Supply and demand? Isn't the greatness of the USA supposed to be predicated on the market being king, and the freedom of people to do what they like? Until there's a shortage of something you want, which in turn drives up the price - then it's a scam?

Yes, but it's deceptive how they will market the car as one price, then when you show up be like oh yeah theres this added fee we're going to sneak in.
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