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Edmunds View Inventory Feature

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Comments

  • dtownfbdtownfb Posts: 2,915
    I know my local Enterprise received a bunch of new Altimas over the past month.
  • gs42gs42 Posts: 54
    Altimas are selling pretty well considering the economy. So if there are some fleet sales that would explain it. I'm pretty sure that is what happened with about 22 Maximas last week. They were not selling and suddenly a bunch are gone..now, not selling again .I heard on the Maxima forums that Avis and Enterprise bought some.
  • gs42gs42 Posts: 54
    Over a 1000 Impalas and Accords are unsold and it's almost September. Toyota has moved Camrys and has less than a 100 in a 100 mile radius. 300 Buick Lucernes remain..who will buy those? Nissan doesn't need many 2010 Maximas or Altimas for a while either. Ford has few Fusions but plenty of the Focus left over and VW has over 300 Jettas to sell yet.

    With the clunker deal ending, the new car market will hit new lows this fall in my opinion, anyway.
  • dtownfbdtownfb Posts: 2,915
    Not too sure about that. I think you'll see manufacturer rebates later this year that will help move some cars. It won't be like the past month and a half but not as bad as folks think.
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    Perhaps the non econ models will sell because of heavy discounting, but I don't have much confidence in future sales as the C4C has "borrowed" future sales made to the econ owners.

    Having two 15 year old cars, each with over 120,000 miles, it would be nice to have a later model, but the way the government is putting the country into record debt, one or two things will have to happen to deal with the debt. (1) print money which will cause high inflation or (2) increase taxes or both. Either way, what savings and investments people still have are being held in reserve for worse times to come.
    Retired Risktakers are holding on to what they have in fear of the financial future. :mad:
  • dtownfbdtownfb Posts: 2,915
    And the Retired Risktakers should be afraid. I know of too many people who were hurt and/or deceived during the stock market plunge. Too many "financial planners" who trying to make a buck off someone else. Sad when people do the right thing and now are forced to go back to work or move in with their children.

    Unfortunately higher taxes are a given. this along with the high unemployment were inevitable considering what has gone on the last 2 years...heck the past decade (can't leave Clinton out of this). The next few years, each American has to work on reducing their personal debt and saving more so we can get our economy working the way it is suppose to work. the last decade has been nothing but greed and corruption and we are paying for it.
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,950
    The next few years, each American has to work on reducing their personal debt and saving more so we can get our economy working the way it is suppose to work.

    The US household savings rate is now double that of Japan, which historically was sky high. Some economists say that the (former) high rate of personal savings hurt the Japanese economy. (link)

    Sitting on a wad of cash that's being devalued in your savings account isn't going to keep those car inventories low, so go spend your money.
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    Converting Investment to Car accelerates Value Depreciation. Cars don't pay interest.

    Financing the car buying is really stupid. High interest on buying the money to purchase the car while it depreciates adds up to very poor business sense. :lemon:
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,950
    Cars don't pay interest.

    Neither do the banks. :P

    Meanwhile your cash depreciates about as fast as your car value.
  • british_roverbritish_rover Posts: 8,476
    What is high interest though? With good credit you can get a new car loan under 4.9% from most commercial banks right now and at a credit union they might even be lower. I have seen credit union rates at 3.9% and plenty of manufactures are offering rates under 2.9%.

    Sure pay off the "bad" debt high interest non-secured credit cars or personal loans. Super low interest on a car loan? No don't pay that off conserve your cash.

    My student loans are 2% locked in why would I ever pay them off early? Even if the interest wasn't tax deductible I wouldn't pay them off early. I would rather keep my cash.
  • fintailfintail Posts: 32,909
    I checked my last loan statement. 2.8%. I think even my dopey investment strategies can beat that, no incentive to pay it off early.

    Financing a car is not a valid evil, especially when in these days of declining real incomes, it's a simple necessity for most.
  • british_roverbritish_rover Posts: 8,476
    In the play money account that I run to kind of test out things if I had a $100,000 to play with I am up 12.64% since Feb of 2008 when I started. I was up .85% today so I beat the market pretty good as the DOW was only up .39%. When things were really bad last Dec/Jan I was down as much as 15% but have done very well the past few months. I just wish I really did have 100,000 real dollars to work with.

    My self managed account isn't up that high but I don't have as much money to play with and I am not as aggressive with it either.

    Their are high yield money market accounts that can get you close to 2% if you just want to park some money their. There are way too many people out there who get riled up about any kind of debt. Yes, there is bad debt out there but financing a new car with a long warranty when you put down 20% or more and have a low interest rate is not bad debt.
  • fintailfintail Posts: 32,909
    I made some self-guided investments last year as everything was spiraling down. I am up about 15% now...not huge, but better than putting that money into paying a 2.8% loan off early.

    I put my 401K into something conservative at the end of the year...I might need to modify it now.

    Debt is a necessary evil in this world. As long as it is less than your income and you have some self discipline, it's not anything to worry about.
  • british_roverbritish_rover Posts: 8,476
    Up 15% is good for how the market has been. If you are making a ton of money just hand over fist then you are probably making too much and are about to get burned.

    I wish I had my 100,000 of play money as real money over the past 18 months. The S&P is down almost 23% over that same time period.
  • explorerx4explorerx4 Central CTPosts: 9,448
    is only as accurate as the dealer updating their inventory?
  • fintailfintail Posts: 32,909
    So long as I am not losing money, I'm happy :shades:
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,950
    From the FAQ:

    "Please note that the number of listings you find may vary from area to area; however, dealers are continually adding new listings and content, so if you don't find what you're looking for right away, we encourage you to check back again in a week or two."
  • explorerx4explorerx4 Central CTPosts: 9,448
    not sure if that answers my question. i didn't mean a newly listed dealer. more one who has 'signed up' already.
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,950
    I think some dealers are better at this than others.
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