Quote:
Originally Posted by 68style
I think things are starting to falter a bit... I'm on a few chats of more expensive cars and you're starting to see a lot of dealers shop around cars that people ordered but now turned them down when they came in.
Nobody wants to or should afford 7% finance rates on a car.
I know my buddy bought a GT3 a few months back for $375k and now I am seeing GT3's the same as his selling for $325k... still massively expensive, but that's a pretty big drop. And no I have NOT mentioned it to him because I don't want to wipe the smile off his face lol
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market is sinking weekly right now.
992 GT3 owners that paid over MSRP last summer (at its peak) is eating a dick on depreciation as we speak at a rate of almost 100k since 12 months ago (GT3). Its bricked alot.
Current automotive lending rates are 10% give or take on non subvented rates.