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Started By
Message
If you need to buy a used car, wait till the end of the year
Posted on 9/7/22 at 4:19 pm
Posted on 9/7/22 at 4:19 pm
quote:
Market is dropping 1-2% every week.
quote:
2 year old Expedition Max Limited for $40k? Was $75k 6 months ago.
LINK
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Posted on 9/7/22 at 4:22 pm to hikingfan
it might be free by the beginning of the following year.
Posted on 9/7/22 at 4:23 pm to Chad504boy
quote:
it might be free by the beginning of the following year.
When society collapses, just take whichever model you want.
Posted on 9/7/22 at 4:24 pm to hikingfan
I've got that timeline set for making my next purchase. Hopefully the bubble has truly burst by then
Posted on 9/7/22 at 4:24 pm to hikingfan
you couldn't have knocked on my door at 4am to tell me this?
and then since we'd both be up, you could make us french toast
and then since we'd both be up, you could make us french toast
Posted on 9/7/22 at 4:27 pm to hikingfan
2 yr old used car for $40k? 
Posted on 9/7/22 at 4:31 pm to hikingfan
by the end of the year, you might need what you would have saved on a used car to pay your heating bill
Posted on 9/7/22 at 4:32 pm to hikingfan
My curiosity is what happens to all these people and banks that financed a $75k truck for $100k with market adjustments and suddenly 18 months later that truck is now worth $50k and they still owe $85k on it?
This post was edited on 9/7/22 at 4:36 pm
Posted on 9/7/22 at 4:41 pm to YOURADHERE
quote:
My curiosity is what happens to all these people and banks that financed a $75k truck for $100k with market adjustments and suddenly 18 months later that truck is now worth $50k and they still owe $85k on it?
What are you expecting to happen to them?
Posted on 9/7/22 at 4:42 pm to hikingfan
When I become a Warlord, I'll drive whatever I damn well please.
Posted on 9/7/22 at 4:42 pm to YOURADHERE
People have been upside down on cars for years. They will keep paying if the need that good creddick
Posted on 9/7/22 at 4:43 pm to YOURADHERE
Gap insurance companies are about to eat. Or die out entirely if everyone starts using those policies
Posted on 9/7/22 at 4:45 pm to hikingfan
I’ll just steal one for my reparations but thanks. I’m owed.
Posted on 9/7/22 at 4:46 pm to hikingfan
Biden bringing gas and vehicle prices down!
Posted on 9/7/22 at 4:48 pm to hikingfan
I think the trick is going to be figuring out whether the car you’re currently driving is going to drop faster or slower than the car you want.
Posted on 9/7/22 at 4:53 pm to Rufus T Firefly
quote:
by the end of the year, you might need what you would have saved on a used car to pay your heating bill
I live in the deep south my heating bill is pretty irrelevant
This post was edited on 9/7/22 at 4:55 pm
Posted on 9/7/22 at 4:54 pm to YOURADHERE
Lots of boat launch failures?
Posted on 9/7/22 at 4:58 pm to hikingfan
I lost all of my cars in an unfortunate boating accident.
Posted on 9/7/22 at 6:05 pm to YOURADHERE
quote:
My curiosity is what happens to all these people and banks that financed a $75k truck for $100k with market adjustments and suddenly 18 months later that truck is now worth $50k and they still owe $85k on it?
Well as long as payments are being made nothing. Once payments stop the banks are in a tight spot. Repo and take the balance sheet hit or try to work it out. Either way the shits on its way to the fan.
Posted on 9/7/22 at 6:47 pm to hikingfan
Your trade in will also drop, so it will be a wash. See what you want? Just buy it.
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