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Re: Negative equity [Re: Brian Spagnola] #15076652 05/18/24 04:19 PM
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bshort Offline
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This was caused by greedy dealers and market adjustments.

Re: Negative equity [Re: bshort] #15076661 05/18/24 04:30 PM
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COFF Offline
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Originally Posted by bshort
This was caused by greedy dealers and market adjustments.
Rather stupid consumers.

I mean, who in their right mind would consider financing a 10 year payment plan on a vehicle they only intend to drive for 3-4 years?

Last edited by COFF; 05/18/24 04:40 PM.

Re: Negative equity [Re: bshort] #15076662 05/18/24 04:30 PM
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Jaredk Online Content
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Originally Posted by bshort
This was caused by greedy dealers and market adjustments.

You sure it wasn’t caused by the individuals making dumb decisions?

Re: Negative equity [Re: Brian Spagnola] #15076670 05/18/24 04:39 PM
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I don’t believe the dealer had anything at all to do with this fiasco. The buyer had the opportunity to walk away and was too stupid to do it. Temptation is all around and it is up to the consumer to walk away from these crazy deals.


“There’s no such thing as too much horsepower, just not enough traction”…..Carroll Shelby
Re: Negative equity [Re: HasBen] #15076690 05/18/24 05:03 PM
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Originally Posted by HasBen
I don’t believe the dealer had anything at all to do with this fiasco. The buyer had the opportunity to walk away and was too stupid to do it. Temptation is all around and it is up to the consumer to walk away from these crazy deals.


Too simplistic. Plenty of scenarios in which someone has to buy a truck to put food on their table. 10 and 15K over msrp was just greed.

Re: Negative equity [Re: COFF] #15076711 05/18/24 05:32 PM
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Originally Posted by COFF
Originally Posted by bshort
This was caused by greedy dealers and market adjustments.
Rather stupid consumers.

I mean, who in their right mind would consider financing a 10 year payment plan on a vehicle they only intend to drive for 3-4 years?



The same guys that finance a boat for 10 yrs that plan on trading or selling in 2-3 yrs.


Sometimes what didn't work out for you, did in fact, work out for you.


Haters going to hate and believers are going to believe.

Every man has two lives,The second one starts when he realizes that he has only one.

“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”
Re: Negative equity [Re: Brian Spagnola] #15076712 05/18/24 05:33 PM
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petro Offline
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Wow! I dont know how you do that with a functioning brain

Re: Negative equity [Re: bshort] #15076715 05/18/24 05:34 PM
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Originally Posted by bshort
Originally Posted by HasBen
I don’t believe the dealer had anything at all to do with this fiasco. The buyer had the opportunity to walk away and was too stupid to do it. Temptation is all around and it is up to the consumer to walk away from these crazy deals.


Too simplistic. Plenty of scenarios in which someone has to buy a truck to put food on their table. 10 and 15K over msrp was just greed.


There are always cheaper trucks or even used trucks if you are that worried about putting food on the table. It was the buyers choice, not the dealer. I don’t agree with over MSRP pricing on any car, but most of those deals seemed to be premium models that were hard to get. How about a work truck, not a “look at me” truck.


“There’s no such thing as too much horsepower, just not enough traction”…..Carroll Shelby
Re: Negative equity [Re: HasBen] #15076720 05/18/24 05:41 PM
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Originally Posted by HasBen
Originally Posted by bshort
Originally Posted by HasBen
I don’t believe the dealer had anything at all to do with this fiasco. The buyer had the opportunity to walk away and was too stupid to do it. Temptation is all around and it is up to the consumer to walk away from these crazy deals.


Too simplistic. Plenty of scenarios in which someone has to buy a truck to put food on their table. 10 and 15K over msrp was just greed.


There are always cheaper trucks or even used trucks if you are that worried about putting food on the table. It was the buyers choice, not the dealer. I don’t agree with over MSRP pricing on any car, but most of those deals seemed to be premium models that were hard to get. How about a work truck, not a “look at me” truck.

There are a lot of them Look at me trucks here in the oil patch that are being used for "Work Trucks" you take somebody that has never had any guidance when it comes to money and never had nothing but a schoolboy job and all of a sudden he is making a 100-150K a year he spends the money like it will never run out. Seen it too many times.


Sometimes what didn't work out for you, did in fact, work out for you.


Haters going to hate and believers are going to believe.

Every man has two lives,The second one starts when he realizes that he has only one.

“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”
Re: Negative equity [Re: Dognot] #15076724 05/18/24 05:48 PM
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Originally Posted by Dognot
Originally Posted by HasBen
Originally Posted by bshort
Originally Posted by HasBen
I don’t believe the dealer had anything at all to do with this fiasco. The buyer had the opportunity to walk away and was too stupid to do it. Temptation is all around and it is up to the consumer to walk away from these crazy deals.


Too simplistic. Plenty of scenarios in which someone has to buy a truck to put food on their table. 10 and 15K over msrp was just greed.


There are always cheaper trucks or even used trucks if you are that worried about putting food on the table. It was the buyers choice, not the dealer. I don’t agree with over MSRP pricing on any car, but most of those deals seemed to be premium models that were hard to get. How about a work truck, not a “look at me” truck.

There are a lot of them Look at me trucks here in the oil patch that are being used for "Work Trucks" you take somebody that has never had any guidance when it comes to money and never had nothing but a schoolboy job and all of a sudden he is making a 100-150K a year he spends the money like it will never run out. Seen it too many times.


Send em my way LOL. I spend 90% of my social media budget in Midland.

Re: Negative equity [Re: petro] #15076737 05/18/24 06:18 PM
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Originally Posted by petro
Wow! I dont know how you do that with a functioning brain

Well it is not the individual’s fault. It’s Biden and the dealerships fault.

Re: Negative equity [Re: Brian Spagnola] #15076741 05/18/24 06:24 PM
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90% of your budget for the Bro Dozer capital of the world! Nothing like an F250 with a chrome lift and under glow on 24 inch chromes and skinny side wall tires. Don’t forget your B&W hitch in chrome while you are at it. Especially if you don’t tow anything.

Re: Negative equity [Re: Harleydude] #15076744 05/18/24 06:25 PM
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Originally Posted by Harleydude
90% of your budget for the Bro Dozer capital of the world! Nothing like an F250 with a chrome lift and under glow on 24 inch chromes and skinny side wall tires. Don’t forget your B&W hitch in chrome while you are at it. Especially if you don’t tow anything.


Most of what I sell out there is just average trucks. We don't buy much lifted stuff anyways.

Re: Negative equity [Re: Brian Spagnola] #15076752 05/18/24 06:35 PM
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No, it gets the lift and other goodies once it gets here. And that is probably financed in some way as well. We have several shops in the area dedicated to the craft. I want a Raptor R for myself but it’s a 2-3 year wait list out here.

Re: Negative equity [Re: Brian Spagnola] #15076753 05/18/24 06:38 PM
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I always thought the dealership customized conversion trucks were hilarious.


$8000+ for the conversion on top of the MSRP.


What's hilarious, no one who ever bought these trucks. Asked for the parts removed, back. Not the tires and rims or the suspension parts that were switched out.


People would not only pay tor the conversion. They were also paying for the brand news parts taken off the truck. And 4 factory fresh rims and tires ain't cheap. But they're paying for them.


What happens to these parts? They fall into a dealership black hole.

Last edited by Grasshopperglock; 05/18/24 06:39 PM.
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