G35c vs. 350z Which is the king
03-22-2004, 07:08 PM
#281
Burning Brakes
Join Date: May 2002
Location: Jersey
Age: 46
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My Z ownz porsha's, Furrrarrii's, and Lamboguini's on the track, street, sidewalk, whatever it is..... True story, I was there.... :o
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03-31-2004, 08:16 AM
#282
Originally posted by Tom2
Jrock,
Sorry, but I just don't agree with your doom and gloom outlook on the auto industry.
Jrock,
Sorry, but I just don't agree with your doom and gloom outlook on the auto industry.
http://www.acura-tsx.com/forums/show...&threadid=7804
38% of Americans owe more on their vehicle than its worth.
While only 25 percent of vehicles were an upside-down situation in 2001, today, 38 percent of vehicles are in this category, according to PIN [division of JD Powers].
The average length of a new-vehicle loan is now 58 months-an increase of almost 10 percent from three years ago when loans averaged 53 months. Thus, retail consumers today who opt for the longer-length loans take significantly longer to build equity in their vehicle.
"If this trend continues, eventually the factory will have to provide a heck of a lot of assistance, which is not good news for the automakers," said Tom Libby, director of industry analysis at PIN. "Right now automakers are legitimately trying to sustain demand and market share through aggressive manipulation of finance instruments, but the long-term ramifications of these efforts are questionable."
"If this trend continues, eventually the factory will have to provide a heck of a lot of assistance, which is not good news for the automakers," said Tom Libby, director of industry analysis at PIN. "Right now automakers are legitimately trying to sustain demand and market share through aggressive manipulation of finance instruments, but the long-term ramifications of these efforts are questionable."
Americans, in general, are living beyond their means. Refer to my earlier posts in this thread for more discussion.
03-31-2004, 12:03 PM
#284
Unregistered Member
JRock,
If everything you say is true, then logically, the market (auto industry) will correct itself. Money does not grow on trees, so the fools that are fueling this "disaster" will eventually dry up.
Personally, I don't give a fuck. I've paid for most of my cars in cash, without any type of loan at all. If someone else wants to finance a depreciating asset for 10 years, then that's their problem.
BTW, Americans living byond their means goew WAY beyond just cars. Look at their houses and lifestyles too.
If everything you say is true, then logically, the market (auto industry) will correct itself. Money does not grow on trees, so the fools that are fueling this "disaster" will eventually dry up.
Personally, I don't give a fuck. I've paid for most of my cars in cash, without any type of loan at all. If someone else wants to finance a depreciating asset for 10 years, then that's their problem.
BTW, Americans living byond their means goew WAY beyond just cars. Look at their houses and lifestyles too.
03-31-2004, 01:27 PM
#285
Originally posted by Tom2
BTW, Americans living byond their means goew WAY beyond just cars. Look at their houses and lifestyles too.
BTW, Americans living byond their means goew WAY beyond just cars. Look at their houses and lifestyles too.
Americans, in general, are living beyond their means
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