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Trekologer

(1,078 posts)

5. Anecdotally dealers' greedy "market value adjustments" are as much contributing

Reply to dalton99a (Original post)

Wed Jul 26, 2023, 02:04 PM

Jul 2023

Outside banks and credit unions are starting to refuse to write loans for new car purchases above MSRP, citing the value of the car not aligning with the purchase price.

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Highlight:

Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up [View all] dalton99a Jul 2023 OP

The highest level inthewind21 Jul 2023 #1

Logically one might think the numbers would work out to them being a little looser with credit Hugh_Lebowski Jul 2023 #3

They're trying to Carter Biden peppertree Jul 2023 #2

plus the minions with microphones finding the biggest whiners about "how the economy Hestia Jul 2023 #6

The narrative. Always. peppertree Jul 2023 #7

Maybe once and for all people will stop buying on credit except for house. jimfields33 Jul 2023 #4

We had to get a new car when the 2008 & 1999 cars we had seized up (along with my DH's work car) Hestia Jul 2023 #8

Anecdotally dealers' greedy "market value adjustments" are as much contributing Trekologer Jul 2023 #5