Quote:
Originally Posted by LogicalApex
I am out until at least 2026. As I think it will be rough for a while yet.
First, you have the component shortages upending the market and leading to widespread and seemingly random decontenting. Like the 5 Series loosing the surround view cameras and Digital Key features BMW heavily advertised last year. As it stretches on to being 3 years as it is looking like you’ll see the industry designing around them missing for a while. Once supply starts to normalize all of this will need to move back into place.
Meanwhile the shortages will inflate car prices for the foreseeable future. Do you are paying more for less.
I see it much like a rubber band and it will take a while to fully go back to its normal relaxed state.
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I agree.
With my GEICO mechanical breakdown insurance, I have until December 2024 before I need to be concerned about replacing my car. I am now glad that I did option out my car as it looks like I will be keeping it for a total of at least seven years and maybe longer.