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Car Market going apeshit


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2024 Oct 25, 8:28pm   149 views  5 comments

by AmericanKulak   ➕follow (9)   💰tip   ignore  

Used Vehicles too expensive - no longer 30% off when it drives off the lot (thanks Obama). I'm sorry, I'm not paying $20k for a 50k mile base model compact/mid SUV from a few years ago that somebody Doordashed/Ubered the shit out of. And sure as shit not paying 8-11% interest as the used cars don't have the 5% or less factory-to-dealer incentives.
https://www.youtube.com/watch?v=aF3wA1aI0-M

Bottom range Used Car dealer explains why dealers are both stuck with and can't offload trade ins and especially older unsold new higher end Trucks in particular.
https://www.youtube.com/watch?v=aF3wA1aI0-M

Fun fact: Ford CEO and CFO both 'resigned'.

Much of this is shit DEI-driven moron management from the COVID era, thinking their pricing power was going to last for years going forward. Now the whole ecosystem is fucked as new vehicles - including $25-45k 'affordable' models - have to be offered with under 5% interest but dealers can't mark down, dump, or even advertise (due to franchise rules) their trade ins and 300+ day floorplan farters.

Comments 1 - 5 of 5        Search these comments

1   AmericanKulak   2024 Oct 25, 9:40pm  

$200 for nitrogen? That's some expensive gas. Take it out and reinflate it with air and take it off the invoice.
2   Maga_Chaos_Monkey   2024 Oct 26, 10:49am  

AmericanKulak says

$200 for nitrogen? That's some expensive gas. Take it out and reinflate it with air and take it off the invoice.


You're damn right. Air is composed of approximately 78 percent nitrogen and 21 percent oxygen.
3   rocketjoe79   2024 Oct 26, 11:31am  

SoTex says

AmericanKulak says


$200 for nitrogen? That's some expensive gas. Take it out and reinflate it with air and take it off the invoice.


You're damn right. Air is composed of approximately 78 percent nitrogen and 21 percent oxygen.

What a complete scam. It is probably aimed at women, who car repairmen can easily buffalo into submission.
4   FuckTheMainstreamMedia   2024 Oct 26, 11:46am  

I was hit by another car in January, totaling my 2014 domestic crossover. It had 130,000 miles on it and still paid out $9800. Got a 2019 domestic crossover for $21,500 out the door with 30,000 miles on it. Working great so far and did a 4000 mile road trip this summer. Interest rate from my credit union is 5.9%.
5   AmericanKulak   2024 Oct 26, 12:25pm  

Nice!

I'm strongly considering buying used but the interest rate on used is killer. I'd happily buy a few year old car with 50-80k miles IF they weren't so damned Obamunated in Price. Clunkers my ass.

Maybe I'll buy the Dodge Hornet, ha!

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