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re: The coming automobile market collapse and what it means
Posted on 7/24/22 at 8:17 pm to anc
Posted on 7/24/22 at 8:17 pm to anc
I guess I’m the only idiot who’s never been inside a finance office at a car dealership. People actually take out huge loans for cars? I just trade in and pay cash w the difference for another used car. Why on earth would you take out a loan on something that decreases in value?
Posted on 7/24/22 at 8:28 pm to JLivermore
You probably ended up paying more by paying with cash than yon would financing. Dealers don’t give a shite that you can pay cash these days, they WANT you to finance. Most of the rebates are because someone finances. Used cars they make money on the backend (financing). The trick is to finance at the price you want and pay it off in the first month or two.
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