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Joined: Jan 2018
Posts: 529
Campfire Regular
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Campfire Regular
Joined: Jan 2018
Posts: 529 |
There's going to be a LOT more people upside down with all these extended payments and a lot of manufacturers offering no payments for 3-6 months.
If you're going to drive something till the wheels fall off, maybe it makes sense to pay for it over 6-7 years with % interest, but in reality if you can't pay for a car in 3 or maybe 4 years you can't afford it.
Trading in a vehicle the way some people do every few years and they're going to get their asses handed to them.
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Joined: Jan 2001
Posts: 59,180 Likes: 3
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
Posts: 59,180 Likes: 3 |
AS mentioned there is no where for prices to go. factory incentives are already at an all time high and interest rates 0% for 84 months. The dealers dont make much on cars. used cars might be another story,
The factorys are shut down right now so no inventory is not that full That.
Ex- USN (SS) '66-'69
Pro-Constitution.
LET'S GO BRANDON!!!
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Joined: Jul 2015
Posts: 2,065 Likes: 1
Campfire Regular
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Campfire Regular
Joined: Jul 2015
Posts: 2,065 Likes: 1 |
At some point in time, I will replace my truck. The equivalent of what I have today is like $60k which is downright stupid. They would literally have to offer $15-20k in rebates or I'll just drive mine until the wheels fall off. I know that feeling, my personal rig as configured would be about 65-70k if i replaced it today. Not gonna happen till the wheels fall off especially knowing now that my business can be shut down on a whim by a Commie governor for a time frame he alone chooses.
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Joined: Jan 2002
Posts: 12,891 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,891 Likes: 5 |
There's going to be a LOT more people upside down with all these extended payments and a lot of manufacturers offering no payments for 3-6 months.
If you're going to drive something till the wheels fall off, maybe it makes sense to pay for it over 6-7 years with % interest, but in reality if you can't pay for a car in 3 or maybe 4 years you can't afford it.
Trading in a vehicle the way some people do every few years and they're going to get their asses handed to them.
How about if you can’t pay cash for a car you can’t afford it? Why is 4 years of financing the magic cutoff?
Sic Semper Tyrannis
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Joined: Oct 2010
Posts: 7,823 Likes: 16
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,823 Likes: 16 |
How about if you can’t pay cash for a car you can’t afford it? Please stop being so anti-semitic.
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Joined: Mar 2006
Posts: 6,369
Campfire Tracker
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Campfire Tracker
Joined: Mar 2006
Posts: 6,369 |
Boy are a lot of You clueless. That 0% interest is paid for by the buyer in discounts they didn't get but could have.
You guys are like the average buyer. Wow learn how to buy a vehicle and WHEN. The dealers are paying interest on that inventory, they have to move it and hope to make the money on the financing and the extras. Don't try to tell me I was a marine dealer for 35 years. Marine was and is a fraction of the size of the car business but runs exactly the same way.
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