re: When do you predict vehicle prices will normalize?

quote:

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I tried to put most of my last car purchase on credit card, like 15k. The dealership told me the most they allow is 4k. Don’t know why?

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2 possible scenarios there.

1 - They make money on financing and this is an arbitrary rule to try to get you to finance.

2 - Their credit card processing company has throttled their limit on what they're allowed to run. The limit is generally determined based on a mix of credit of the dealership owner and what is "normal" for their business along with the amount of volume they process. I am in that industry. We get restaurants that will process sub $500 transactions all day every day then eventually a $30,000 transaction comes in. The restaurant owner sold a car on their credit card terminal which isn't allowed by regulations. If they applied for their processing account as a car maintenance account and not selling cars, then their max is going to be dictated by a reasonable maintenance cost and not the price of a vehicle.