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Trouble Brewing in Auto Loans as Prices Dip

MayhemMike

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Yahoo…..lol
 

‘21OBX

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That’s not shocking. Same will happen to real estate as well 20 years ago or better it happened.
 

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JB1901

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The auto industry, both new and used, has a reckoning on the horizon between value adjustments, interest rates, and economic uncertainty. Once supply chains are now longer a major issue on the supply side the demand drop is gonna be nasty.

Paying crazy markups and financing most of it. It's not real estate that eventually can recoup.
I make all of my money paying interest on overpriced depreciating assets. Follow me for more financial advice.
 
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jaboticaba

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The auto industry, both new and used, has a reckoning on the horizon between value adjustments, interest rates, and economic uncertainty. Once supply chains are now longer a major issue on the supply side the demand drop is gonna be nasty.



I make all of my money paying interest on overpriced depreciating assets. Follow me for more financial advice.
 

da_jokker

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There was an article/video about all the cars bought with stimulus money and how many have been repossessed.

What made it interesting was how the banks go out of their way to make sure trickle them back into the market to keep their values up.

Reminds me alot of how Ford deals with shipment purgatory from MAP!
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