Anyone Afraid Of Inflation?

[Darmark7]

The fact that a “business “ would buy and write off on taxes is a problem within itself. I would rather they buy a cheaper truck and pass savings to the business/employees.

Businesses only do what the consumer lets them do. The real problem is the individual that buys high priced vehicles they can’t afford because of monthly payments they end up not being able to afford.

 

[Over70irregs]

Businesses only do what the consumer lets them do. The real problem is the individual that buys high priced vehicles they can’t afford because of monthly payments they end up not being able to afford.

How so?

 

[Darmark7]

How so?

There would be no $100k vehicles if people that can’t afford them couldn‘t buy them. The market caters to what people are buying.

 

[Over70irregs]

There would be no $100k vehicles if people that can’t afford them couldn‘t buy them. The market caters to what people are buying.

Agree. Would that also be an indicator of a larger diaspora of wealth imbalance?

 

[Darmark7]

Agree. Would that also be an indicator of a larger diaspora of wealth imbalance?

No that’s an indicator of uneducated consumers. There would be a very small percentage of $100k vehicles if the people that could truly afford them bought them. Supply and Demand.

 

[Thebrownblob]

No that’s an indicator of uneducated consumers. There would be a very small percentage of $100k vehicles if the people that could truly afford them bought them. Supply and Demand.

The auto sales industry and loan industry is full of lies and trickery. It’s the only way they can make a dollar, off unintelligent consumers.

 

[Over70irregs]

The auto sales industry and loan industry is full of lies and trickery. It’s the only way they can make a dollar, off unintelligent consumers.

Had a friend buy a used audi that the credit union discovered had an accident with carfax. The dealer used autocheck. They returned the vehicle.

 

[oldngray]

People don't (or can't) fix their own cars these days

Advance Auto Parts is closing hundreds of stores as fewer people opt to repair their own cars

As rightfully optimistic as we all are about the incoming Trump Economy, don't forget that the Biden-Harris Economy is still, alas, in full swing:

notthebee.com

 

[Over70irregs]

MSN

 

[Over70irregs]

If your saving in the SP500 you will be losing value as taxes are GUARANTEED to go up in addition with excess spending. The younger you are the worse it will be especially if 20-30 yo. $ will leak out of RE and bloated stocks. $ is debasing faster with yet another political spending campaign which disincentivizes saving. $ will seek higher gains by default in response.

 

[Thebrownblob]

No that’s an indicator of uneducated consumers. There would be a very small percentage of $100k vehicles if the people that could truly afford them bought them. Supply and Demand.

Nearly 40% Of Cars Financed Since 2022 Are Underwater | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Wow

 

[Over70irregs]

Inflation buster (not advice)