Quote:
Originally Posted by dreamofmonterey
This thread is now officially 5 stars for irony.
Car companies now complaining no ones buying.
lmfao.
And OP, you are a slum landlord in Florida, its rather libelous for you to post issues with your tenants on here...
|
Eh?
Not quite. If not for the gubmint peddling cash to them, the automakers would be worried about getting paid back by deadbeat buyers over the next 5-7 years, that much is for sure...so, before anyone thinks buying Ford stock is wise for the long-term...you wish.
Silver Bear Cafe
"It's amazing how many cars you can sell when you aren't worried about getting paid. This is the beauty of a fiat currency, a printing press, and a taxpayer available to pick up the tab after the drunken party gets out of hand. The chart below provides the details of our superhighway to disaster. The percentage of used car loans to prime borrowers is now at an all-time low, while the percentage of loans to subprime borrowers is near all-time highs reached just prior to the 2008 crash. When lenders cared about being paid back in the early 2000's, they rarely made loans longer than five years. Today, more than 77% of all subprime used car loans are longer than five years and average FICO scores are now well below 600. Just to clarify - if your FICO score is below 600 - YOU ARE A DEADBEAT."
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
