Quote:
Originally Posted by JDMDreams
I thought ppl where saying basically there is no shortage cuz inventory is all in people's driveways already and there might be a over supply. And there's gonna be a cliff when supply comes in and everyone dumps their used cars.
I guess also when rates go up. I mean isn't Toyota at like 4.99% right now?
And yea I dumped most of my car collection too and at least broke even if not made money on the last 6 cars I sold since the pandemic.  considering I've been losing money on cars all these years |
They can do higher rates when there's no supply and they sell cars no problem, I was told open road Toyota basically shut down because they had no new inventory.
I ended up selling 3 cars during the pandemic, made money on 2 and broke even on the other. I'll be waiting until supply returns to normal before buying again.