BringMetheHeadofLeonLett Posted April 30 Posted April 30 Actually a truck, but that don't matter. I'm not an easy negotiation, and I'm pretty good at working with dealership folks - they're actually pretty nice if you find a way to bust through the initial bull#### and work on finding common ground. I mean that- they're just mostly insecurely navigating the job or career they took... they've got kids, morals and other nice qualities. They're also out to make the best commission they can, so, well... shark's are in the water... What I learned though, from every single one of the four dealerships I dealt with, is that they all anticipate a HUGE amount of repossessions starting in October. Take that for what you will, but I don't see a bunch of 'winning' when the sharks can tell me when the blood pool is coming. 2 1 2
BringMetheHeadofLeonLett Posted April 30 Author Posted April 30 They literally pegged October to December of this year that cars are going to get repossessed. It was oddly gleeful at times as they told me about how they'll bid on cars from the banks. what is going to follow that is homes. Not houses, homes. It's the way it works.
AlBUNDY4TDS Posted April 30 Posted April 30 2 hours ago, BringMetheHeadofLeonLett said: They literally pegged October to December of this year that cars are going to get repossessed. It was oddly gleeful at times as they told me about how they'll bid on cars from the banks. what is going to follow that is homes. Not houses, homes. It's the way it works. People live way beyond their means. This is nothing new. What kind of truck did u get? Looking to get a tacoma at some point.
teef Posted April 30 Posted April 30 32 minutes ago, AlBUNDY4TDS said: People live way beyond their means. This is nothing new. What kind of truck did u get? Looking to get a tacoma at some point. Jesus Christ. ***** derp.
JFKjr Posted April 30 Posted April 30 4 hours ago, BringMetheHeadofLeonLett said: Actually a truck, but that don't matter. I'm not an easy negotiation, and I'm pretty good at working with dealership folks - they're actually pretty nice if you find a way to bust through the initial bull#### and work on finding common ground. I mean that- they're just mostly insecurely navigating the job or career they took... they've got kids, morals and other nice qualities. They're also out to make the best commission they can, so, well... shark's are in the water... What I learned though, from every single one of the four dealerships I dealt with, is that they all anticipate a HUGE amount of repossessions starting in October. Take that for what you will, but I don't see a bunch of 'winning' when the sharks can tell me when the blood pool is coming. That's a lot of people buying vehicles on credit. If you want to start making some real gains financially you don't do that. Used cars will run decades if you take care of them. Get a good mechanic. 1
yall Posted April 30 Posted April 30 4 hours ago, BringMetheHeadofLeonLett said: Actually a truck, but that don't matter. I'm not an easy negotiation, and I'm pretty good at working with dealership folks - they're actually pretty nice if you find a way to bust through the initial bull#### and work on finding common ground. I mean that- they're just mostly insecurely navigating the job or career they took... they've got kids, morals and other nice qualities. They're also out to make the best commission they can, so, well... shark's are in the water... What I learned though, from every single one of the four dealerships I dealt with, is that they all anticipate a HUGE amount of repossessions starting in October. Take that for what you will, but I don't see a bunch of 'winning' when the sharks can tell me when the blood pool is coming. Did they mention any specific indicators that were showing a likely uptick in loan defaults? Just curious what was leading them to believe October would mark a significant rise. 1
AlBUNDY4TDS Posted April 30 Posted April 30 47 minutes ago, teef said: Jesus Christ. ***** derp. So people are always fiscally responsible? How dumb are u? Derp! Roughly 25 percent of Americans spend more then they make. 1
leh-nerd skin-erd Posted April 30 Posted April 30 4 hours ago, BringMetheHeadofLeonLett said: Actually a truck, but that don't matter. I'm not an easy negotiation, and I'm pretty good at working with dealership folks - they're actually pretty nice if you find a way to bust through the initial bull#### and work on finding common ground. I mean that- they're just mostly insecurely navigating the job or career they took... they've got kids, morals and other nice qualities. They're also out to make the best commission they can, so, well... shark's are in the water... What I learned though, from every single one of the four dealerships I dealt with, is that they all anticipate a HUGE amount of repossessions starting in October. Take that for what you will, but I don't see a bunch of 'winning' when the sharks can tell me when the blood pool is coming. You’ve got a lot shoe-horned in here. A little self-aggrandizing, a little psychology, some observations on how dealership people are really just people, and some market predictions a few months out. Why October specifically? 1
All_Pro_Bills Posted April 30 Posted April 30 (edited) 18 minutes ago, JFKjr said: That's a lot of people buying vehicles on credit. If you want to start making some real gains financially you don't do that. Used cars will run decades if you take care of them. Get a good mechanic. True, a vehicle can last a long time if maintained properly. I leased a sub-compact SUV late last year. Financially at that point in time it was a better arrangement for me rather than buying. I bought my previous vehicle in 2008 and its still sitting in the garage as a back-up vehicle that I drive on occasion. It still runs pretty well but with the mileage approaching 200K I'm not comfortable using it for any long trips at this point. A rough calculation from keeping it 17 years saved me about $70K in car payments assuming a new vehicle every 5 years. The big difference other than not hauling around a lot of extra weight and much better gas mileage is the electronics. After a lifetime of driving without it I find some of it annoying and intrusive. I do like the blind spot sensors, key-less and remote functionality like auto-start and diagnostics, and the satellite radio. Edited April 30 by All_Pro_Bills 1
Joe Ferguson forever Posted April 30 Posted April 30 Good info. Used car prices should therefore drop in late fall. I’ve decided a low mileage 2-3 yo car is the best choice. Gonna trade sport for comfort and hybrid. 1
teef Posted April 30 Posted April 30 40 minutes ago, AlBUNDY4TDS said: So people are always fiscally responsible? How dumb are u? Derp! Roughly 25 percent of Americans spend more then they make. i am fully aware that people over spend, but i'm not sure if you've realized the rising cost of absolutely everything? maybe people that weren't overspending and still living paycheck to paycheck are now against the ropes more than ever. let's ignore that completely. 1
AlBUNDY4TDS Posted April 30 Posted April 30 12 minutes ago, teef said: i am fully aware that people over spend, but i'm not sure if you've realized the rising cost of absolutely everything? maybe people that weren't overspending and still living paycheck to paycheck are now against the ropes more than ever. let's ignore that completely. People will always live beyond their means. Make more money or spend less. Derp!
teef Posted April 30 Posted April 30 2 minutes ago, AlBUNDY4TDS said: People will always live beyond their means. Make more money or spend less. Derp! yup...this is where you just repeat yourself over and over as if you're having a real discussion? other countries use tariffs! why shouldn't people get 50 year mortgages! derp
AlBUNDY4TDS Posted April 30 Posted April 30 7 minutes ago, teef said: yup...this is where you just repeat yourself over and over as if you're having a real discussion? other countries use tariffs! why shouldn't people get 50 year mortgages! derp So things are expensive......two choices make more or consume less. How hard is this? The rest of your post is nonsense, as usual. You brag about how great your life is but continually get triggered here daily. Something doesn't add up. PS Derp! 1
JDHillFan Posted April 30 Posted April 30 19 minutes ago, teef said: yup...this is where you just repeat yourself over and over as if you're having a real discussion? derp ⬇️All yesterday and all from the same thread. TEEF!! 18 hours ago, teef said: what do you do for a living? 17 hours ago, teef said: what do you do for a living again? 22 hours ago, teef said: what you do for a living again? 19 hours ago, teef said: what do you do for a living again. 20 hours ago, teef said: tell us what you do for a living 19 hours ago, teef said: tell us what you do for a living? Lol at the dumbest mf here. Time to dance puppet boi!
yall Posted April 30 Posted April 30 This thread is confusing and at the same time an archetypical thread for PPP. 1 1
teef Posted April 30 Posted April 30 17 minutes ago, AlBUNDY4TDS said: So things are expensive......two choices make more or consume less. How hard is this? The rest of your post is nonsense, as usual. You brag about how great your life is but continually get triggered here daily. Something doesn't add up. PS Derp! do you not understand that some people are living tight not because of overspending, but because of family concerns, kids, salaries, etc...they're tight and can't cut corners anymore. prices go up, people are screwed. do you have the ability to understand that or no? 14 minutes ago, JDHillFan said: ⬇️All yesterday and all from the same thread. TEEF!! Lol at the dumbest mf here. Time to dance puppet boi! and honestly...what do you do for a living again? does it really bother you that much that's i've done better than you? 2
AlBUNDY4TDS Posted April 30 Posted April 30 11 minutes ago, teef said: do you not understand that some people are living tight not because of overspending, but because of family concerns, kids, salaries, etc...they're tight and can't cut corners anymore. prices go up, people are screwed. do you have the ability to understand that or no? and honestly...what do you do for a living again? does it really bother you that much that's i've done better than you? Don't have kids then, if you can't afford them. Derpy derp derp. Mid life captain crashout.
IYKYK Posted April 30 Posted April 30 I just bought a 2026 Lexus RX450. Didn’t look like doom and gloom at the dealership. I’m not sure about repossessions, I paid cash. No bank , no loans, put my offer on the table, which was a fair offer. Definitely not paying the high price they were asking. They accepted my offer after a little pushback but they knew I wasn’t going to budge. Stop living above your means. Buy the car you can afford. Really not that difficult. 🤷♂️ 1
stevestojan Posted April 30 Posted April 30 (edited) 2 hours ago, AlBUNDY4TDS said: Roughly 25 percent of Americans spend more then they make. oh it has to be more than that. The average American is completely financially illiterate. edit to add: I have to agree with my friends on the right side of the aisle here. Don’t buy what you can’t afford, live within your means, and yes prices are going up on every day goods, but that is not new and if increased gas and groceries is your breaking point, you were living on a razors edge to begin with. One thing that drives me crazy is people blaming others for their financial lot in life. Work harder, or better yourself and find a better job, get more certifications or a better degree, just do what it takes. And don’t just live within your means; live in a way that allows you to not only survive, but be comfortable for a bit, when ***** hits the fan. Edited April 30 by stevestojan 2 1 2
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