"We have unsold 2015's".....really?

[scootro]

The underlying problem is that new car prices are so incredibly high that you have people taking out 7 to 10 year loans on a car to make the payment affordable. This right here is ridiculous. If you can not afford the payment on a 3-5 year loan you can not afford the car.

Banks and more specifically the scumbag “finance manager” at the dealerships are mostly to blame. They hard sell and make promises that are outright lies just to get you to sign the deal. Not many people have any clue about financial decision making and they focus on the payment and not the total cost and liability. you can afford that $850 a month payment now, but will you in 10 years when you are making a $850 a month payment plus $450 a month repairs? and the required full coverage insurance is double that of the base 3 year old used civic that would have worked perfectly for your family.

Cars are Liabilities, and people do not understand that because nobody dares point it out that they are not an investment in any way, and you should never ever buy something with a very long term loan on it. even at 0% interest it’s still a bad financial decision to have a liability of a loan over your head for 7 years on something that depreciates rapidly.

[1carcrazyguy]

seems like everyone is in debt if you ask me

I know lots of people that live by the motto, "why spend my cash if someone will loan me cash". My motto is....If it didn't cost so much to use someone else's money, I would be as well. Unless it is near 0%.....No thanks.

[Mysticcobrakilla]

C'mon....dfwmustangs only pays in cash....

This!

[scootro]

C'mon....dfwmustangs only pays in cash....

seems like everyone is in debt if you ask me

[1carcrazyguy]

i avoid financing at the dealer like cancer! fuck that shit! go to bank set up my own payment deal. i usually get a better interest rate and a better chance of not getting screwed

C'mon....dfwmustangs only pays in cash....

[scootro]

i avoid financing at the dealer like cancer! fuck that shit! go to bank set up my own payment deal. i usually get a better interest rate and a better chance of not getting screwed

[1carcrazyguy]

What would that be??

[Leah]

The bottom is falling out on used car pricing. Vehicles 4-5 years old (trucks being exempt) are flooded on the market right now

Not for every car, unfortunately. I can't find the car I want unless I want to drive 5 hours for the only one I can find. 😢

[32vfromhell]

I really dispise dealers, and the politicians that support them. Hi Don Huffines!

BTW, his brother wants to join legislature as well. Fuck both of them.

[Broncojohnny]

New car sales are getting pretty beat up on a year over year basis and the market is flooded with used cars. It is only going to get worse in the short term as interest rates go up.

[Stephen]

Do they discount the price based on lot time, or send it to auction and take the hit?

Shit, depending on the car they might make a killing.. a few years ago I had a dealers license and I was fucking shocked and what other dealers would pay for junk..

[4king]

Its only going to get worse for the next 4 years, especially for the used dealers as the glut of lease vehicles start returning to the dealers and them not willing to sell low

I've also been wondering the same., what happens when carmax or autonation, a "no haggle" dealer can't sell a vehicle at their pricing level.

Do they discount the price based on lot time, or send it to auction and take the hit?

I was able to negotiate pretty heavily when I bought my 300c used. Just emailed the dealer asking if they were sick of paying lot fees and paying a note on a car just sitting there


The bottom is falling out on used car pricing. Vehicles 4-5 years old (trucks being exempt) are flooded on the market right now

[Chili]

This makes me think that maybe the dealership isn't 100% liable for any stock that was "forced" on them, or maybe not at all, from a cash perspective, which makes it easier for them to let 'em sit.

I highly doubt that.. Manufacturers want to get paid immediately, and I am sure these are on their wholesale finance line. The factory may be giving them some sort of credit or allowance to offset their inventory financing though (which is usually interest only, at least for the first few months).

That said, my experience is all on the commercial vehicle side (mostly trucks), so it is possible that regular car manufacturers are slightly different. Usually they are pretty much the same though. My experience is also as an independent wholesale finance provider (not affiliated with the manufacturer), so some of these captives may treat their dealers differently since they are tied to the manufacturer.

If they are hail damaged, I'm sure they already got paid by insurance, then will have their own shop repair them for cheap.

[Big A]

Keep in mind, the factory will shove cars down the dealers' throats as well, so it may not have been poor ordering on their part.

There should be some enormous rebates on anything that old though, and after paying floorplan interest for that long, I can't believe they aren't willing to deal!

This makes me think that maybe the dealership isn't 100% liable for any stock that was "forced" on them, or maybe not at all, from a cash perspective, which makes it easier for them to let 'em sit.

[The King]

I bought my '03 Mach 1 brand new from them off the showroom floor in June 2003. They might have still been called Hillard Ford back then before morphing into yet another Autonation dealer. I've never been back there since except for when they were one of the stops on a poker run in 2006 arranged through DFWStangs.net.