Uhhh, I hope she had umbrella coverage?
Uhhh, I hope she had umbrella coverage?
The average selling price is $48k. That doesn’t mean the median selling price is $48k. The median is going to be much lower. The average is higher because the high end is stretched out by the expensive cars where sky is the limit.
The Auto Asset Backed Securities Market is currently around $125 billion. The housing backed securities market was like $2 trillion in 2008. So it’s not really comparable. Plus, it’s easier to recover on credit defaults for cars (because repos sell way faster than a foreclosed-upon house), so the risk isn’t the same.…
I agree with both of you, though both of you pointed out the solution for avoiding the consequences of a hypothetical situation.
Looking at just how much car you can get for $48k right now, it’s absolutely mind blowing that half of the population is spending more than that. I know most of those are loaded up F150 Super Crews, but I can’t imagine looking at the alternatives and still deciding to take out a seven year (!) loan on one of those…
This is like saying X number of people are losing money on their stock portfolio.
Yeah. Is it the controller? Is it the installation? Is it something else entirely? I guarantee tools will be thrown before its figured out.
Going aftermarket on the fuel injection controllers is sometimes a great solution on cars this age - but issues with said system make you wonder if you’ll need to rip everything out and start over again. So yeah, ND on the intermittent issues (and the cat delete).
I say we take off and nuke Stellantis HQ from orbit. It’s the only way to be sure.
Hindsight tells me I should have sold everything I owned and lived in a tent. Worked 80-90hrs a week and buy on of these brand new.
If my employer showed up at my door checking if I was actually sick I’d THIS IS SPARTA them off my porch.
It’s... A lot. It’s one of those things that makes you wonder, “how many American flags equal one Confederate flag?”
Any of the full size trucks made in the last few years. It’s as if the only design concept is ‘make it way too big.’
The buyer just needs to buy a smaller tent and camping supplies lol.
“For Sale: Rust-free, low miles, never driven in winter, no electrical problems, stripped interior. Ideal for engine swap. Needs new tires. $22,000 firm.”
Draw a Venn digram of all those things — comfort, safety, FWD, mature, under $15K, reasonable maintenance, Colorado-climate friendly, good road-tripper — and you’ll see this baby right dead set in the middle:
I bet you can find a Buick Cascada with like 75k miles for around $14-15k. It’s FWD and should be relatively cheap to repair. It’ll have crap resale value, but at least it looks better than the Solara. On the plus side -- no one will know what it is. When is the last time *you* saw one of these?
I think I’ve seen that in Chicago..
Pro Tip: To get a whole tankful of premium, when the owner goes in to pay, drive away in their luxury car.
Your plebe car isn’t going to benefit from higher octane gas anyways.