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Started By
Message
re: Car dealers have so much backlog, some 2022s are "new"
Posted on 12/2/23 at 8:53 am to SlowFlowPro
Posted on 12/2/23 at 8:53 am to SlowFlowPro
Well, the car manufacturers did it to themselves.
Stupid mutha fricks started pricing vehicles at what they are priced.
If they would be realistic with their pricing, cars would sell more frequently again
Stupid mutha fricks started pricing vehicles at what they are priced.
If they would be realistic with their pricing, cars would sell more frequently again
0
Posted on 12/2/23 at 8:53 am to Cosmo
quote:
Because they refuse to cut back
The same people drowning are still going on vacations, going out to eat several times a week, buying tons of shite for christmas, etc
This is the straight up frickin' truth of it right here.
You just described some friends and neighbors of mine. They're drowning badly and think that because they now have a Costco membership, they're spending wisely.
Posted on 12/2/23 at 8:54 am to SlowFlowPro
quote:
It's a worse option and likely not an option.
How so?
quote:
they want to keep their homes, cars, etc., it's not much of a choice
You can let the debt go and just make your car/home payment or BK so you have many choices
Posted on 12/2/23 at 8:54 am to SlowFlowPro
The math hasn’t made sense for a while. All visual signs of a 08 are all around but the media keeps lying.
Also crazy they aren’t coming down on prices despite the cars sitting.
Also crazy they aren’t coming down on prices despite the cars sitting.
Posted on 12/2/23 at 8:57 am to SDVTiger
quote:
How so?
People who are earning decent salaries are going to have trouble getting major relief via BK. I don't even think 7 is an option.
They also likely do have some sort of investment/retirement or equity in their home to offset the debts.
You're coming off as Michael Scott, here.
It doesn't work that way.
And the impacts in the end, even if they could file BK, likely put them in a worse position in this inflationary environment. Getting credit now with a decent score/status is hard enough today. Imagine living the next 7 years in this environment with a BK over your head.
quote:
You can let the debt go
How do you "let" CC debt "go", exactly?
Posted on 12/2/23 at 8:57 am to Pandy Fackler
I love how 80% of the OT has in depth knowledge of their neighbors and friends financial situation.
Yall never fail to come in these threads and say your neighbor bob down the street bought a new truck or went out of town for a few days so he's obviously swimming in debt and is on the brink of bankruptcy.
Yall never fail to come in these threads and say your neighbor bob down the street bought a new truck or went out of town for a few days so he's obviously swimming in debt and is on the brink of bankruptcy.
Posted on 12/2/23 at 8:58 am to el Gaucho
quote:Probably because people appreciate how the Chinese didn't fold after we nuked Nagasaki.
Really sad how many people around here would rather support the Chinese and drive a soyota over a real American Chevy or Jeep
Posted on 12/2/23 at 8:59 am to SlowFlowPro
quote:
People who are earning decent salaries are going to have trouble getting major relief via BK. I don't even think 7 is an option.
you have to be the worst lawyer ever quote:
How do you "let" CC debt "go", exactly?
Stop making payments or go do a debt consolidation program
Posted on 12/2/23 at 8:59 am to SlowFlowPro
We bought a new 2021 in July. I think the dealer had been waiting a year on parts to fix a recall. Got it for $20k off sticker.
My son promptly totaled it but that’s another story.
Thanks for the link since we are looking to replace it!
:cheers!
My son promptly totaled it but that’s another story.
Thanks for the link since we are looking to replace it!
:cheers!
Posted on 12/2/23 at 9:00 am to el Gaucho
quote:
Really sad how many people around here would rather support the Chinese and drive a soyota over a real American Chevy or Jeep
Hate to break it to you but some Soyotas are made in Texas and Chevy’s and Jeeps are increasingly made in Mexico. Heck even GM makes some vehicles like the Buick Encore in CHINA.
Posted on 12/2/23 at 9:00 am to Big4SALTbro
quote:
Also crazy they aren’t coming down on prices despite the cars sitting.
I don't know if they can, both for the immediate losses and for the impacts on prices across the board.
That's why they have to pretend things are OK because if consumer confidence/expectations changes, it's going to get bad. That's why we've spent so many trillions of dollars the past 15 years to create artificial inflation to avoid those prices falling to a more natural status.
Posted on 12/2/23 at 9:01 am to dewster
That and the dealerships are wildly overpricing their vehicles.
Posted on 12/2/23 at 9:02 am to SlowFlowPro
And just think, I paid a $1,500 inventory tax in May of 2023 on a new F150.
Posted on 12/2/23 at 9:03 am to SDVTiger
quote:
you have to be the worst lawyer ever
Explain. How income and assets don't impact BK, please.
quote:
Stop making payments or go do a debt consolidation program
They will sue you and get penalties, interest, and attorney's fees. You don't "let go" of CC debt unless you're judgment proof. Again, these aren't judgment proof types. These are people with assets that can ultimately be seized.
Posted on 12/2/23 at 9:03 am to ninthward
We should definitely give that money to car manufacturers and dealerships instead
#toobigtofail
#toobigtofail
Posted on 12/2/23 at 9:04 am to dcrews
quote:
That and the dealerships are wildly overpricing their vehicles.
I think the dealer upcharges are becoming very rare except for special vehicles with low allocations. We're getting back to dealer rebates/credits off MSRP. These high prices are baked in from the factory. Cars are expensive to make with the tech, regs, and security features.
Posted on 12/2/23 at 9:05 am to SlowFlowPro
What idiot would pay $60k for a f’ing Cherokee????
Posted on 12/2/23 at 9:06 am to SlowFlowPro
All while stock market is at an all time high. Fueled by govnt spending and driving up the national debt
Posted on 12/2/23 at 9:07 am to SlowFlowPro
Because the post I replied to mentioned Chevy and jeep, but the same applies to all American car brands
Posted on 12/2/23 at 9:08 am to fallguy_1978
quote:
I wonder why they don't sharply cut the prices? At some point just cut your losses and move on.
1) they do not want to lower the pricing floor as this will be going on again next year.
2) It is on the books as an asset and probably collateral, things can get messy when you choose to depreciate something(s) that is/are being used as a security deposit.
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