Notices
Car Chat General discussion about Lexus, other auto manufacturers and automotive news.
Sponsored by:
Sponsored by: Innova

Nov 22 Sales Thread

Thread Tools
 
Search this Thread
 
Old Dec 15, 2022 | 06:30 AM
  #16  
bitkahuna's Avatar
bitkahuna
CL Community Team
iTrader: (20)
 
Joined: Feb 2001
Posts: 80,842
Likes: 4,017
Default

interest rates next year will make car financing VERY expensive.

rough times ahead.
Reply
Old Dec 15, 2022 | 07:53 AM
  #17  
lexusnyca's Avatar
lexusnyca
Instructor
Liked
Loved
Community Favorite
 
Joined: Aug 2022
Posts: 1,246
Likes: 459
From: NY
Default

Many of these dealers have it coming. I hope a lot of them go under for their predatory pricing practices.
Reply
Old Dec 15, 2022 | 10:02 AM
  #18  
jer's Avatar
jer
Pole Position
15 Year Member
Community Builder
Active Streak: 30 Days
Liked
 
Joined: Jan 2007
Posts: 2,027
Likes: 149
From: fl
Default

It could be worse, rates could have gone up to where they were in the 1980's which were in the mid-teens for cars & homes. Hopefully this won't happen.
Reply
Old Dec 15, 2022 | 01:25 PM
  #19  
Toys4RJill's Avatar
Toys4RJill
Lexus Fanatic
 
Joined: Nov 2011
Posts: 35,468
Likes: 380
From: ON/NY
Default

Originally Posted by jer
It could be worse, rates could have gone up to where they were in the 1980's which were in the mid-teens for cars & homes. Hopefully this won't happen.
It could be worse for sure 80s was 15% for cars at the peak if I can remember. Right now, the rates are definitely not high enough. Need to be at minimum 10%.
Reply
Old Dec 15, 2022 | 01:29 PM
  #20  
bitkahuna's Avatar
bitkahuna
CL Community Team
iTrader: (20)
 
Joined: Feb 2001
Posts: 80,842
Likes: 4,017
Default

Originally Posted by jer
It could be worse, rates could have gone up to where they were in the 1980's which were in the mid-teens for cars & homes. Hopefully this won't happen.
it could end up going higher than then, no room for complacency now.

u.s. is nearly 30T in the hole. even if doesn't go technically bankrupt, the dollar has gotten weaker, but fortunately for the u.s., other countries are even weaker, so the u.s. dollar is 'strong' vs. their junk currencies.

the u.s. continues to spend money it doesn't have with zero financial discipline (that's not a comment about one party or another, there's obscene spending across the board). u.s. politicians spend (other peope's) money to buy votes, basically.

/rant


Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Gojirra99
Car Chat
8
Mar 4, 2020 05:19 AM
GS69
Car Chat
53
Feb 3, 2020 11:41 AM
GS69
Car Chat
60
Oct 31, 2019 12:26 AM
GS69
Car Chat
60
Aug 19, 2019 04:36 PM
GS69
Car Chat
49
Jun 5, 2019 11:58 AM




All times are GMT -7. The time now is 04:10 PM.