If they come out of Ch. 11 they will be so financially unviable. They already kneecapped their unprofitable only revenue center before BK. No way anyone is paying anything near MSRP after BK.

What? That isn’t even close to true. I own two cars that are absolutely not underwater. And some brands have better resale than others. Sure, maybe the first year on most new cars you will be, but it isn’t always underwater, lol.

Even with great credit, a used car loan is 7%+. You can get new car financing for less, but if you are looking used, you aren’t getting a great rate right now.

That would make more sense.

Oh yea, I forgot about that creative sales tactic! There have to be a few insane people that actually bought one though.

100%, I can see the ice walls from here!

Yep, and dealers (and dealer techs) love recall work, easy money. The Toyota dealers I knew from frame recall days would have good techs that could double stack frame recalls. Get paid 16 hours for 8 hours of work.

Yea, mortgage and most other loans all work the same. The minimum stays the same, no matter what you pay and the length stays the same. But if you pay more it just pays off principal. So even if I paid minimum, I would pay off sooner than term. That is how it was on our last car loan too.

Oh yea, I know that. Those first couple of year mortgage payments, just looking at the statement was not fun. But that is partly why I overpay a bit. I know technically it isn’t the “smart” financial decision but having my house half paid off in 9 years (higher if you use current value to unpaid principal) is nice.

Yep, all his movies were great. I was more commenting on the amount of insane stunts he did himself. I had to go watch some drunken master videos right after I saw this.

3rd gear: Did 3k people really buy a VinFast? Those people are insane!

Looks fake, flat earth confirmed.

I agree, but we don’t know, so hard to say. Also, and I am not sure on this one, but the insurance cost is tax deductible, while just giving away the car, probably is not since it wouldn’t be a donation to a charitable/educational enterprise.

Yea, maybe something like that. But that seems a bit wild since the company is essentially locking in the profit. How do they handle someone that wants to pay more than a minimum in that situation? For example, we got a 30yr mortgage in 2015 or so. Refied down to a 15 yr in 2020 and now have less than 10 years left…

Yep, good call.

Damn! Now that is interesting!

Where was Steven Tyler?

Imperial vs US gallon is the key here.

Imperial gallon vs US gallon most likely.

More interesting to me are semi-normal cars with really high-priced parts, like the XLR tailights. At least with these headlights, the cost for the part to value of car is low, whereas the XLR taillight to value is wild for one part.