Backup plans - what's yours?

[Sazabi]

When monster deflation hits - and it will - the car market will get murked first.

I just hope its next year.

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[POPNTEC]

its 44k in the states. The car bubble just popped. I think if you wait another 6 months you should start finding cars under sticker. Carmax earnings came out yesterday and it was dismal and so was their guidance. This is just he start of the recession, we'll be knee deep in it next summer.

There is still no supply so I don’t seeing the new car bubble going anywhere. Used market might slow though.

 

[Boostlag]

There is still no supply so I don’t seeing the new car bubble going anywhere. Used market might slow though.

Dealers make majority of their money by selling the loans to the banks. When defaults and interests are rising why do you think banks will take a chance approving 120% to some kid thats already underwater on their car?

 

[POPNTEC]

Dealers make majority of their money by selling the loans to the banks. When defaults and interests are rising why do you think banks will take a chance approving 120% to some kid thats already underwater on their car?

I get that but in Canada you can’t get new cars, they are so few and far between. The dealership I bought my Jeep at said it’s worse now than it has been since Covid fucked up the world and that come November he’ll have no new vehicles to sell. That doesn’t scream below list pricing to me.

 

[Boostlag]

I get that but in Canada you can’t get new cars, they are so few and far between. The dealership I bought my Jeep at said it’s worse now than it has been since Covid fucked up the world and that come November he’ll have no new vehicles to sell. That doesn’t scream below list pricing to me.

Im not saying shortages are part of the problem but alot of this inventory issue has also been cheap easy money policy by the fed which has ended. Days of people buying 60k kia suvs with 600 credit scores are over.

 

[Tickle]

Dealers make majority of their money by selling the loans to the banks. When defaults and interests are rising why do you think banks will take a chance approving 120% to some kid thats already underwater on their car?

They don't. So no to whatever else you're saying.

 

[Boostlag]

They don't. So no to whatever else you're saying.

I wasn’t talking about service. I was talking about selling cars.

 

[Tickle]

I wasn’t talking about service. I was talking about selling cars.

I know what you are saying. You are incorrect...

 

[POPNTEC]

Im not saying shortages are part of the problem but alot of this inventory issue has also been cheap easy money policy by the fed which has ended. Days of people buying 60k kia suvs with 600 credit scores are over.

I see what your getting at.

 

[TypeSiR]

Elantra N killer:

 

[CTR]

Elantra N killer:

That thing looks terrible. It looks like a fancy refrigerator or washing machine from the inside and a poorly styled car from the outside.

 

[VarmintCong]

since someone brought up how type r is faster than cars twice its price. CT4 Blackwing can be had for about the price of a FL5 with a markup and faster cars 3 times its price.

I’ll wager the Blackwings have a hefty ADM at the moment.

 

[VarmintCong]

nobody cares about going fast straight…

a ct4 nor an X5M would be anywhere near a ctr on a real track

CT4 Blackwing is a lot faster on track than the Type R LE. The car is no joke. It’ll most likely be faster than the FL5.

 

[caraholic]

If you guys have an option of getting a summer only fun car, would you buy the S2000 or the BMW 128i/135i ? Or something else? Keep in mind, budget is a factor here and you cannot spend Porsche money cus you don't have it ?

S2000 without questions as I have owned both. Out of all the vehicles I have had over the years the S2000 is the only one I regret selling.

 

[VarmintCong]

For all the peeps considering hyundai... I just got myself an i20n and I'm seriously impressed for probably half the price of the fl5...

they don’t give us yanks the cool Hyundais.

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