![]() 82% of consumers are paying beyond sticker price for new vehicles, according to. Many dealerships continue to sell vehicles above the MSRP, a practice almost unheard of before COVID. Reluctance to Give Discounts or Negotiateĭealerships are less willing to give discounts or other incentives since inventory is low and demand remains high.Chip manufacturing companies shut down for the health and safety of their workers in 2020 and experienced diminished workforces due to an increase in COVID cases during the 2nd and 3rd waves. This seismic shift in pricing is powered by inventory issues due to the worldwide chip shortage. ![]() This left consumers with an average price of over $47,000 for a new car! In 2019, the price Americans paid for a new car increased by an average of $1,799 and grew by a record-breaking $6,220 in 2021. Limited inventory and high demand translate into serious sticker shock. Here why: 1) The Market Has Drastically Changed Since COVIDĬOVID has created all sorts of havoc since it began, but one industry that continues to see profound impacts is the automotive industry. It is almost always more economical to repair and maintain your current vehicle than to buy a new one. It's Better to Repair and Maintain Than Buy New Repairing and maintaining your current vehicle often makes more sense and will save you more money. It's important to understand the true costs of buying a new or used vehicle before going down that path. ![]() If you think a new vehicle will be a better, cheaper solution, you may want to think again. having your vehicle expertly repaired? Find out now!ĭoes your vehicle require a transmission or other major repair? This is usually when the question “Should I bother with the repair or just buy a new vehicle?” comes up. What is the actual cost of a new vehicle vs. Common Reasons For Transmission Problems.Needless to say I am getting it fixed and I will look for my first Ford to replace it. Well, hold on it's going to be more than a month. I have a car I can borrow for a week or so. I thought no big deal until I found that the coverage didn't cover a rental when waiting for parts. Looks like there are so many issues with this transmission you can't get a replacement. I did however buy the dealers extended warranty so I thought no big deal. I knew it was toast when I pulled the dip stick and smelled the burnt fluid. The wife was driving and with no warning other than a small noise I thought was a pulley or belt, the transmission died. In fact you can't leave town and feel comfortable. Well Imagine my disappointment when I was a huge chevy guy ( 6 prior Burbs or Silverados) to find they are no longer the king of reliability. This truck drove like a champ and was what I thought was the perfect vehicle for occasional trailer towing and taking my dogs along. So I found one with 83K in near perfect condition and I am very picky. I had to have tan Leather and only a few colors.(My Boss said). Well I searched for 6 months to find my perfect Burb. Has anyone else experienced transmission failure at such a low mileage? I believe it's the 4L60E transmission. I'm hoping this is an anomaly as I really love my Burb! I towed the same load (small boat) with a Subaru Outback for ten years and 100,000 miles and never had a single issue. This was my first American made vehicle purchase in twenty years. No new transmissions available due to UAW strike. I'll post the diagnostics report once I receive it. Never floored it once or towed anything over 1,500 lbs. I have babied this vehicle since I purchased it. Dealer informed me there was no "Good Will" offered from GM even though I was only 6,000 miles out of warranty. Dealer reported the transmission was completely destroyed and I had two options- they supply a rebuild from GM for $3,700 with 12 month 12,000 mile warranty or $4,200 for a brand new transmission with 3 year 100,000 mile warranty. I was within a three mile drive to local dealer and dropped it off for evaluation. ![]() Turned engine off and on three times and transmission finally engaged. ![]() Pulled to the side of road and put in park then.no reverse, no drive, nothing. Engine rpm's were fine but no power from transmission. ![]()
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