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re: I can’t help but think a lot of people driving newer cars with upside down loans

Posted on 5/9/24 at 2:36 am to
Posted by saintkenn
Saintkenn
Member since Nov 2012
850 posts
Posted on 5/9/24 at 2:36 am to
quote:

a $38k Nissan Frontier suddenly became a $55k Frontier


I'm calling bs on this story. There's absolutely no way that a $38k sticker price truck could jump to $55k. You're telling me they tried sticking around $15k of backend product on it? Banks only allow typically 15-20% of invoice for back end. Let's say invoice is $36k, the most any bank would allow is about $7200.

It's really funny that people think dealers lie so much when in fact, Ive been lied to by customers more than any other interaction I've had. It's like you just want to have a cool story to tell, but at least make it believable.
This post was edited on 5/9/24 at 2:37 am
Posted by BregmansWheelbarrow
Member since Mar 2020
2699 posts
Posted on 5/9/24 at 3:28 am to
The most mid-level manager response ever.
Posted by mmonro3
New Orleans
Member since Apr 2013
3948 posts
Posted on 5/9/24 at 4:37 am to
I have had a 40k car come back as 50k twice at Cadillac of New Orleans. It absolutely can happen when they think your a sucker!
Posted by BuckyCheese
Member since Jan 2015
50462 posts
Posted on 5/9/24 at 12:39 pm to
quote:

It's really funny that people think dealers lie so much when in fact, Ive been lied to by customers more than any other interaction I've had. It's like you just want to have a cool story to tell, but at least make it believable.


Having grown up around the car business I wholeheartedly agree with this statement.

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