Tsar
Well-Known Member
those loans.. classy move Nissan, if true.Get ready for a shit ton of new Z's if this is true. It's Jalopnik, I know.
https://jalopnik.com/nissan-is-going-to-pay-dealers-more-to-steer-customers-1846636646
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those loans.. classy move Nissan, if true.Get ready for a shit ton of new Z's if this is true. It's Jalopnik, I know.
https://jalopnik.com/nissan-is-going-to-pay-dealers-more-to-steer-customers-1846636646
Yeah isn't that crazy? And the sad part is people will do it.those loans.. classy move Nissan, if true.
Holy interest payment, Batman.Get ready for a shit ton of new Z's if this is true. It's Jalopnik, I know.
https://jalopnik.com/nissan-is-going-to-pay-dealers-more-to-steer-customers-1846636646
They surely will. Unfortunately most of the public isn't financially literate to look beyond the xxx per month.Yeah isn't that crazy? And the sad part is people will do it.
7 to 8 year terms on a freaking car? WTF. I dont even like the 15 year I have on my house.Get ready for a shit ton of new Z's if this is true. It's Jalopnik, I know.
https://jalopnik.com/nissan-is-going-to-pay-dealers-more-to-steer-customers-1846636646
Unfortunately people who can barely afford cars will pay the juice on these loans. Wealthier buyers will benefit. Cash buyers with good credit will just take the loan to get more discount or money off and pay off the loan after a month or so.Get ready for a shit ton of new Z's if this is true. It's Jalopnik, I know.
https://jalopnik.com/nissan-is-going-to-pay-dealers-more-to-steer-customers-1846636646
Nissan models like the Sentra and Altima have some of the worse residual values in their class. Some people will still be upside down by the time the warranty expires. God forbid they decide to trade a car that is still upside down on a new car. That negative equity will just get rolled back into a longer loan. The debt will never end if that cycle continues. It will snowball until the consumer walks away.7 to 8 year terms on a freaking car? WTF. I dont even like the 15 year I have on my house.
That's what the whole BS 4-square sales technique is based on and takes advantage of. Hell, I know people who can't figure out a good cell phone deal/plan. In all fairness a car purchase is a lot more complicated. Especially if there is a trade.They surely will. Unfortunately most of the public isn't financially literate to look beyond the xxx per month.
Exactly. People are so preoccupied with black vs white, left vs right, that they miss the fact that they're all slaves to their credit cards and loans.They surely will. Unfortunately most of the public isn't financially literate to look beyond the xxx per month.
And sadly if this is a success more other brands will do it too. 36 months used to be normal then 60 months and now it’s at 66-72 months for a car loan is crazy.Yeah isn't that crazy? And the sad part is people will do it.
Yup. I remember going to look at a Civic Type R when they just came out. There was a guy there that walked straight out of Wal-Mart to the dealer in his pajamas asking for an 84 month loan, even though the car had a 20k markup.And sadly if this is a success more other brands will do it too. 36 months used to be normal then 60 months and now it’s at 66-72 months for a car loan is crazy.
Nissan models like the Sentra and Altima have the worse residual values. Some people will still be upside down by the time the warranty expires.
Yup. I remember going to look at a Civic Type R when they just came out. There was a guy there that walked straight out of Wal-Mart to the dealer in his pajamas asking for an 84 month loan, even though the car had a 20k markup.
Car share membership or short term rental or leases is the next trend to move expensive cars. It's not just cars either. I also have seen luxury items modeled after shared memberships. Rent the Runway rents designer clothing. I have seen luxury watch and purse share memberships. Someone can rent a Ferrari, a haute couture designer outfit, Patek wrist watch, and Hermes hand bag for their reunion. The perfect device to get luxury goods in to the hands of insecure posers.And sadly if this is a success more other brands will do it too. 36 months used to be normal then 60 months and now it’s at 66-72 months for a car loan is crazy.
Exactly right. That's why salespeople always ask "what kinda payment per month are you looking for"Thats the problem most people dont think about. They get so carried away with the payment and dont bother to look at the actual selling price of the vehicle. If you are that worried that you need to keep your payment "manageable" you are probably looking for too much car to begin with. Not how the world works though.
My answer is, "The kind of payments that add up to less than your asking price."Exactly right. That's why salespeople always ask "what kinda payment per month are you looking for"