/ Buying a new truck ? Times have changed. #11
- Nov 23, 2018
- Ford 1220
Stuff like this just irritates me. There is no shortage of vehicles.
At least some of the manufacturers are trying to discourage that. Ford, GM Push Harder to Stop New Car Flipping and Price GougingLike the current thing where dealer are asking way over sicker for certain models. Gouging, plain and simple. I maintain, now is a BAD time to buy a new car or truck in the first place
Not just auto loans, credit card payments are getting delinquent as people try to juggle stuff unsuccessfully.Interesting times... Rising delinquencies and interest rates, and reduced manufacturing. Higher pricing also means higher insurance rates. And fuel prices hovering on the high side of the historical price curve. Getting closer to the "money down a rat hole" point.
More and More People Are Falling Behind On Their Car Loans
And keep in mind that the Federal Reserve is pretty much dead-set on demand destruction. So, choose wisely!