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I dont think that anyone is "hoping for a crash".
I'm certainly not.
But I'd highly question how your dealer rep would even have the slightest clue about how "80% of 911's are paid in cash",
let alone why anyone would believe a dealer rep about anything financially related in the first place.
there is absolutely no way 80% of 911s are paid in cash when the finance office pushes loans like their commissions depend on it and interest rates are under 5%
Most of these cars are bought by HENRYs who have expensive mortgages, wives, and kids educations to fund.
there is absolutely no way 80% of 911s are paid in cash when the finance office pushes loans like their commissions depend on it and interest rates are under 5%
Most of these cars are bought by HENRYs who have expensive mortgages, wives, and kids educations to fund.
I agree. Most are financed. I usually finance it for 4-6 months and pay it off later. Another way to help stay at the top of the "GT car at MSRP" list. It's funny now though because they have a hard time getting me financed beause the banks say "we can't make money on him". He pays them off to quickly. haha.
As for the debt thing, All I remember was in 2007-2010 as a homebuilder/developer was anything I owed money on was a PITA. Everything that was paid off was no issue. I decided then I would de-leverage and make my life easier.
I agree. Most are financed. I usually finance it for 4-6 months and pay it off later. Another way to help stay at the top of the "GT car at MSRP" list. It's funny now though because they have a hard time getting me financed beause the banks say "we can't make money on him". He pays them off to quickly. haha.
As for the debt thing, All I remember was in 2007-2010 as a homebuilder/developer was anything I owed money on was a PITA. Everything that was paid off was no issue. I decided then I would de-leverage and make my life easier.
De-leveraged feels good, and the walk to the mail box is easy I hear ya man. I had debt in college and a few years later, and promised myself if I make it go away no more.
If a market correction, or even a crash, is going to make $1800 monthly payments difficult for you, you shouldn't be financing or buying this car. Plain and simple
Saw this today on a 2021 GT Black Series and my stomach knotted up… I sure hope the 992 3RS doesn’t get this crazy as I’m not fortunate enough to be able to get one for MSRP.
Saw this today on a 2021 GT Black Series and my stomach knotted up… I sure hope the 992 3RS doesn’t get this crazy as I’m not fortunate enough to be able to get one for MSRP.
This is meme-worthy.
These people just come up with random numbers and start entering figures.
Laughable and so absurd.
This is meme-worthy.
These people just come up with random numbers and start entering figures.
Laughable and so absurd.
This week is car week in Arizona. Lots of auctions. Already went to Barrett Jackson. Going to check out Sothebys, Gooding and Bonhams. These will be telling as to where the market is. Are car prices actually that much of a premium or the market taking a dump and inflation going to dampen the spirits of would be buyers.
The boat market is going to get crushed. For the past 6 years, you could buy any boat with 20 or 25 year financing. Everyboat on the market was $1000/month payment. Once the market slows a bit, people are going to be looking at their boat payment, how little time they actually use it, and how much of a pain it is to upkeep and going to dump it. People would rather travel then have to be DIY on a boat.
Other things will take time to get crushed. Try buying a basic pick up truck right now. A 1999 Toyota 4x4 went for $20k on BAT yesterday. 140k miles. That was a $8k car a year ago. Crazy.
Agree with what everyone said. Still way too few GT3 vs. people who want GT3's. And, its not like Wall Street is going to get crushed like last time - no credit default swaps. The demand of the top 3% will be still massive. Way too much money made the last 10 years.
Agree with what everyone said. Still way too few GT3 vs. people who want GT3's. And, its not like Wall Street is going to get crushed like last time - no credit default swaps. The demand of the top 3% will be still massive. Way too much money made the last 10 years.
ironically, there ARE effectively CDOs for auto loans now. They're all securitized. Skeptical this effects Wall St or the top 3% veery much, but the auto loan market is pretty ****ed up in the aggregate, and there will be big losses once the Kias and used trucks of the world correct in price.
ironically, there ARE effectively CDOs for auto loans now. They're all securitized. Skeptical this effects Wall St or the top 3% veery much, but the auto loan market is pretty ****ed up in the aggregate, and there will be big losses once the Kias and used trucks of the world correct in price.
I agree there are tons of over-levered car buyers out there and there will be some impact there. But as shack mentioned, I doubt this correction impacts the GT3 market much, if any.
ironically, there ARE effectively CDOs for auto loans now. They're all securitized. Skeptical this effects Wall St or the top 3% veery much, but the auto loan market is pretty ****ed up in the aggregate, and there will be big losses once the Kias and used trucks of the world correct in price.
Are auto lenders financing the purchase prices with ADMs or is the limit like 110% of MSRP for tax/title/reg?
01-22-2022, 11:24 PM
