A place to discuss all things ADM
#1111
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.
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.
Most of these cars are bought by HENRYs who have expensive mortgages, wives, and kids educations to fund.
The following users liked this post:
pookiemalibu (08-19-2022)
#1112
Agree. I would argue 90% are financed.
#1113
Rennlist Member
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.
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.
#1114
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.
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.
The following 2 users liked this post by Maverick787:
AlexCeres (01-24-2022),
Spike Spiegel (01-25-2022)
#1115
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
The following 2 users liked this post by PTS:
Gh0st0 (01-24-2022),
WenigerAberBeser (01-24-2022)
#1117
These people just come up with random numbers and start entering figures.
Laughable and so absurd.
The following users liked this post:
Diablo Dude (01-25-2022)
#1118
#1119
#1120
Interesting to reread the first two pages of this thread when people were aghast at 30-40k ADMs…
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Class5Kayaker (01-26-2022)
#1122
There will be a sale.
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.
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.
#1123
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.
#1124
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.
#1125
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.