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re: When do you predict vehicle prices will normalize?
Posted on 1/23/23 at 7:21 am to Tarps99
Posted on 1/23/23 at 7:21 am to Tarps99
Ram was less affected by the shortages than the others.
I just found a new Ram 1500 classic, 5.7 hemi, black appearance pkg, max tow pkg for less than 35K after rebate.
It took 2 minutes and it’s 34 miles away from my house. That’s pretty basic for a usable truck. Fleet trucks with V6 s are less. Around 30K but you have to order.
I just found a new Ram 1500 classic, 5.7 hemi, black appearance pkg, max tow pkg for less than 35K after rebate.
It took 2 minutes and it’s 34 miles away from my house. That’s pretty basic for a usable truck. Fleet trucks with V6 s are less. Around 30K but you have to order.
0
Posted on 1/23/23 at 7:33 am to Gee Grenouille
quote:
Making more money on fewer vehicles with larger finance charges. This is the new normal.
"You will own nothing and be happy."
Posted on 1/23/23 at 7:36 am to BabyTac
Used car prices are starting to normalize now.
Posted on 1/23/23 at 7:48 am to fallguy_1978
quote:
It's crazy to me that even American made SUVs and trucks are status symbols now. Those used to be the common man's vehicle
Varies by location I guess, I see more Range Rovers, Mercedes GLS, and G-Wagons in my area than Tahoe /Suburbans/Expeditions
This post was edited on 1/23/23 at 7:49 am
Posted on 1/23/23 at 9:10 am to Townedrunkard
quote:
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?
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.
Posted on 1/23/23 at 9:30 am to Townedrunkard
quote:
Don’t know why?
Because they aren’t eating the CC processors fees over X amount
Posted on 1/23/23 at 9:33 am to MMauler
quote:
Remember, the manufacturers wanna sell as many vehicles as possible.
That's why they're switching to EV
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