04-17-2020, 11:18 AM | #11 |
older fart than ZBB
Join Date: Oct 2003
Location: On the road again
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This probably won't effect my lease, I still want to buy the truck at the end of lease. But sounds like many are having issues this month.
Most car dealers are schmucks, this will be remembered by many https://www.usatoday.com/story/money...os/5120328002/
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04-17-2020, 11:50 AM | #12 | |
Solving problems
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04-17-2020, 04:10 PM | #13 | |
Carmudgeon
Join Date: Apr 2005
Posts: 4,665
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Prior to returning the car I had asked Audi financial if they could extend the grace period of 3 days to 10 days and the answer was pretty much no ... they gave me a 5 day grace period ... I could have argued but figured screw it let me get this car off our driveway. Anyway I know the manager pretty well and he totally took of care of me but he also said delivery's are down over 95% ... |
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04-22-2020, 12:30 AM | #14 | |||
Chief title editor
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https://www.autonews.com/finance-ins...ek-forbearance
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https://www.autonews.com/retail-tech...vehicle-market Quote:
Quote:
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OH NOES!!!!!1 MY CAR HAS T3H UND3R5T33R5555!!!!!!1oneone!!!!11 Team WTF?! What are you gonna do? |
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04-22-2020, 08:39 AM | #15 |
Solving problems
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Carmudgeonly Ride: M5 / 718 GTS / Cooper S / GTI / LR4
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RE: delinquencies going up... I've mentioned it here a couple of times, but the moment I saw news of mass layoffs/furloughs I had a strong feeling the huge car loan bubble would burst. Loan terms are ridiculously long nowadays.
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04-22-2020, 05:41 PM | #16 |
195
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I have no idea of the provenance of this, but for what it's worth:
https://twitter.com/tyson_jominy/sta...73172204830720 |
04-22-2020, 06:13 PM | #17 | |
Relic
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Not just US either. One start I heard is that a lesser that normally successfully auctions 90% of their lease returns in Europe is seeing only 10% sell...
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04-22-2020, 10:08 PM | #18 | |
Chief title editor
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The William Goldman line, "Nobody knows anything...Not one person in the entire [industry of your choice] knows for a certainty what's going to work. Every time out, it's a guess and, if you're lucky, an educated one," applies here. I'm not sure there's much to read into the used car market right now other than it being a barometer of the used car market, right now. But maybe there is. As it applies to my situation, my educated guess is that it's going to cost me. Are they holding the same number of auctions as normal? The number of auctions in the US is way, way down.
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OH NOES!!!!!1 MY CAR HAS T3H UND3R5T33R5555!!!!!!1oneone!!!!11 Team WTF?! What are you gonna do? |
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04-23-2020, 01:09 PM | #19 |
The old cranky SOB....
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You guys outta try selling airplanes these days....
LOL...NOT!!!!!
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04-23-2020, 01:20 PM | #20 |
dogged
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