2022 order cutoff to 2023 order-to-availability

[Polo08816]

I understand, but when you make people wait long and keep making them eliminate features/options to build their car, you're eventually going to make them turn elsewhere

Which why Ford and Toyota are chomping at the bit to "get some". Heck, even Stellantis wants a piece of that pie with the Wagoneer, Grand Wagoneer, and rumored Dodge Durango which will share the Wagoneer platform.

 

[firsttimetahoe]

Which why Ford and Toyota are chomping at the bit to "get some". Heck, even Stellantis wants a piece of that pie with the Wagoneer, Grand Wagoneer, and rumored Dodge Durango which will share the Wagoneer platform.

The grand wagoneer is very expensive and for the look of it it seems like Jeep just couldn’t let their identity go - looks like a Jeep married a suburban and adopted a Range Rover. I think it’s ugly. I’d rather just buy an Escalade or Navigator for that price

The new Sequoia looks nice but it’s going to be as expensive as the Tahoe/Yukon when you start adding features and add-ons

 

[RVAHokie]

The grand wagoneer is very expensive and for the look of it it seems like Jeep just couldn’t let their identity go - looks like a Jeep married a suburban and adopted a Range Rover. I think it’s ugly. I’d rather just buy an Escalade or Navigator for that price

The new Sequoia looks nice but it’s going to be as expensive as the Tahoe/Yukon when you start adding features and add-ons

I'm a jeep guy and if it was nice to look at I would buy it. Unfortunately from the rear doors on it looks terrible so I'm not even considering it.

I drove a GC now and need more room which is why I'm about to get a Yukon.

 

[Polo08816]

I don’t think the demographic that is purchasing these vehicles will be put off by a percentage point or two on their financing deal…the fact is demand is currently much higher than supply and I can’t see that changing any time in the foreseeable future. If you are choosing to wait it out to get a better deal you may be waiting for a long time (I do agree on never paying over MSRP, I’d sooner walk to work than do that)

Mortgage rate soars closer to 5% in its second huge jump this week

The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily.

www.cnbc.com

What if we start seeing the same stuff in auto loans as what is happening on 30 year mortgages?

Average 30 year mortgage rates almost hit 5% at 4.95% before we even get a 50 basis point Fed funds rate hike in May. That's almost double the interest I am paying on my house that I bought in 2017. I'm interested in seeing how the additional rate increases reduces demand.

 

[firsttimetahoe]

I'm interested in seeing how the additional rate increases reduces demand.

I always hate comparing the housing market to cars.

Cars are a depreciating asset. And people buying expensive cars (I consider a Tahoe/Yukon to be expensive) you shouldn’t need interest rates to be low in order to buy the car.

With homes you still have to put down a downpayment, usually 20%. Interest rates doubling may hurt but I still need to have the cash to even get a mortgage. Plus you can always refinance when rates go down.

 

[Polo08816]

I always hate comparing the housing market to cars.

Cars are a depreciating asset. And people buying expensive cars (I consider a Tahoe/Yukon to be expensive) you shouldn’t need interest rates to be low in order to buy the car.

With homes you still have to put down a downpayment, usually 20%. Interest rates doubling may hurt but I still need to have the cash to even get a mortgage. Plus you can always refinance when rates go down.

I agree. Interest rates shouldn't matter when buying a car because you should have been capable of buying it in cash to begin with. But the reality is that it will because the majority of buyers for these vehicles (which are not necessarily people on these forums) finance because they don't have the cash to buy it outright.

I always chuckle when people say, "Oh the interest rates are low. It's a great time to buy."

All else equal, I prefer to have higher interest rates and a lower principal than a lower interest rate and higher principal for the exact same reason you mentioned. You may have the opportunity to refinance at a lower rate in the future but there's really not much you can do about the principal of the loan.

 

[oxfordrebel55]

Anyone know if May is still the target date for ordering the 2023 Yukons? Here we are in April and our order still hasn't been accepted. I'm thinking that we should pull our order and be one of the first to order a 2023.

Thoughts?

 

[SCUCREW08]

My understanding is that your order will roll over to a 23 if it isn't picked up. If you pull it and resubmit, you'll be behind the rollovers.... I'm in the same boat as you. Order went on December 3rd and so far, nothing.

 

[StephenPT]

My understanding is that your order will roll over to a 23 if it isn't picked up. If you pull it and resubmit, you'll be behind the rollovers.... I'm in the same boat as you. Order went on December 3rd and so far, nothing.

Exactly this. Don't pull your order. You'll just lose your place in-line. If anything changes from your '22 order that won't work with a '23, then your dealer will contact you and update your order.

 

[Dailypaints]

I just placed my order last week, no I'm wondering if I should have waited a month or so. I don't want to get a 2022 right when the 2023's come out. I'd much rather have the newer model.