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Brittania

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I've been reading/hearing this since 2021....
I've been reading about the inevitable recession/depression since 2019, but haven't given it much credence until this summer. The signals are really starting to pile up now and I'm 99% sure 2024 will be the year something breaks. The big question seems to be whether we see inflation or deflation. I'm betting on deflation for a year or so followed by inflation like we've never seen before. That being said, I am never surprised by the wizards at the Fed conjuring up some new money magic tricks that keep our Titanic economy floating even as it crashes through iceberg after iceberg.
 
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Integra23

Integra23

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I've been reading about the inevitable recession/depression since 2019, but haven't given it much credence until this summer. The signals are really starting to pile up now and I'm 99% sure 2024 will be the year something breaks. The big question seems to be whether we see inflation or deflation. I'm betting on deflation for a year or so followed by inflation like we've never seen before. That being said, I am never surprised by the wizards at the Fed conjuring up some new money magic tricks that keep our Titanic economy floating even as it crashes through iceberg after iceberg.
I'm thinking 2025/26
 

KindaACarGuy

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I've been reading about the inevitable recession/depression since 2019, but haven't given it much credence until this summer. The signals are really starting to pile up now and I'm 99% sure 2024 will be the year something breaks. The big question seems to be whether we see inflation or deflation. I'm betting on deflation for a year or so followed by inflation like we've never seen before. That being said, I am never surprised by the wizards at the Fed conjuring up some new money magic tricks that keep our Titanic economy floating even as it crashes through iceberg after iceberg.
I’m thinking inflation will continue. It seems everyone wants $15/hr minimum wage. Auto unions just won $42/hr. How are prices for cars and everything else not going to continue increasing. Manufacturer and employers just pass the costs onto consumers.
Happy that I locked in my deal this yea…even if I am still waiting for my allocation.
 

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lumper

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I got my ITS, 10/31/2023, as a used CPO car from Acura by Executive, in North Haven, CT. It had 1,015 miles on it and is Lunar Silver Metallic. $49,396 + $599 doc fee and tax and reg. One reason for the lowered price was to get the price under $50k because Connecticut charges at a higher tax rate of 7.75% for over $50k, under $50k is at 6.375. I was happy to get the extra warranty coverage because of the CPO, and of course pay less than MSRP. Brandon Hines was the sales manager I communicated with. Hopefully they do right by you.
I'm dealing with Jonathan from executive on an MSRP deal for March.
I didn't know about the rise in interest over 50k$ that is unfortunate.
You got the color I want, lunar silver, I want it with ebony interior.
I'll try to use this info to help me.
 

mattm

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It is the state tax that goes from 6.375% to 7.75% above a selling price of $50,000. Jonathan was supposed to take care of me but the first day Brandon handed me off to John. Brandon never actually came over to say "hello" until the day I picked up the car (after two prior visits). But Brandon and I had a bunch of emails the whole time.
 

lumper

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It is the state tax that goes from 6.375% to 7.75% above a selling price of $50,000. Jonathan was supposed to take care of me but the first day Brandon handed me off to John. Brandon never actually came over to say "hello" until the day I picked up the car (after two prior visits). But Brandon and I had a bunch of emails the whole time.
I went in and sat down with Jonathan he was ok and so far it has been easy to stay in touch, I was also dealing with Jen at Berlin, still am as a backup to this deal.
As far as the added interest on sales over $50k, no way to avoid going over 50k so if that is the cost then so be it, it's only money and life is too short to sweat the small stuff, I want the car so whatever Ill just have to deal with it.
Don't get me wrong, I don't have money like that, and I work my ass off for what I have, so I'm not saying it like pfff whatever here ya go, .. hardly,
Just saying, I know what I want, and if the cost is elevated because of this tax thing, then oh well, Ill make it up on my next car purchase.
I am about as savy as they come when it comes to saving money and in the past I have pulled off some real great finds, so this one will just have to be what it is.
 

butdamnbrian

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sharing some recent northern california data points. on the last day of November, i worked with stevens creek acura and picked up a type s for MSRP plus 1,500. no dealer add ons.

concord acura seems very motivated as well. they had been emailing me daily saying they would do msrp, but i did not discuss live with anyone over there, so it’s hard to know what they’re actually willing to do.

for bay area buyers, i expect december will be a good month to negotiate aggressively, especially as the year comes to an end. not sure whether dealers will still be so aggressive once we are into 2024. i expect a lot will depend on the economy as we roll into the new year.

also, indiana dealers have been willing to sell at msrp plus tiny dealer add ons. no surprises there. i happened to be in town a few months ago and shopped out of curiosity.

hope that helps!
 

optronix

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I went in and sat down with Jonathan he was ok and so far it has been easy to stay in touch, I was also dealing with Jen at Berlin, still am as a backup to this deal.
As far as the added interest on sales over $50k, no way to avoid going over 50k so if that is the cost then so be it, it's only money and life is too short to sweat the small stuff, I want the car so whatever Ill just have to deal with it.
Don't get me wrong, I don't have money like that, and I work my ass off for what I have, so I'm not saying it like pfff whatever here ya go, .. hardly,
Just saying, I know what I want, and if the cost is elevated because of this tax thing, then oh well, Ill make it up on my next car purchase.
I am about as savy as they come when it comes to saving money and in the past I have pulled off some real great finds, so this one will just have to be what it is.
FYSA If you don't live in CT then you probably don't have to worry about the interest rate rising over $50k. I only say probably because I don't know what state you live in nor what local tax rules are in each state. My state rate is flat at 6%, and would be wherever I bought because that's where it's being registered.
 

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lumper

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FYSA If you don't live in CT then you probably don't have to worry about the interest rate rising over $50k. I only say probably because I don't know what state you live in nor what local tax rules are in each state. My state rate is flat at 6%, and would be wherever I bought because that's where it's being registered.
I live in Bristol, CT
 

mattm

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Connecticut auto tax regs:
https://portal.ct.gov/dmv/vehicle-services/sales-tax-registrations?language=en_US
The important part:
Private sale
Passenger vehicles and light duty trucks purchased from private owners (not a dealership) are subject to sales tax of 6.35% (or 7.75% for vehicles over $50,000).

Connecticut Sales and Use Tax is based on the NADA average trade-in value or bill of sale value (whichever is higher). The purchase price must be written on the Application for Registration and Title (form H-13B).
 

lumper

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Connecticut auto tax regs:
https://portal.ct.gov/dmv/vehicle-services/sales-tax-registrations?language=en_US
The important part:
Private sale
Passenger vehicles and light duty trucks purchased from private owners (not a dealership) are subject to sales tax of 6.35% (or 7.75% for vehicles over $50,000).

Connecticut Sales and Use Tax is based on the NADA average trade-in value or bill of sale value (whichever is higher). The purchase price must be written on the Application for Registration and Title (form H-13B).
hmmm, does that mean buying new from a dealer, excludes people from having to pay the higher amount?
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