Used Car Market

I heard the same, banks don't want to write off the loans. Also repo companies are buying up land to store the cars.
I am going to wait a year for a pickup.

 

I haven't heard this at all regarding cars. I have noticed it seems like the dealers went from nothing on the lot to a half decent selection in a months time.

 

Yup local guy where i live and im friends with told me he has done more repos in just the last month then the entire last year combined. Also said its getting to the point he cant take many more because his lot is overflowing waiting on the bank to come get them or tell him where to ship them.

 

Well thats good, seeing as homes are just as overpriced as cars these days. Another 08 is right around the corner.

 

Im saving up for it. Lot of out of towners bought up all kinds of land and homes around here. Even 1930s era 600 square foot half acer houses are going 300k+ with some well north of 1 mill atm. Im hopeing when the crash comes i can snap up something nice.

 

There's a nice 80x48 truck shop near me I'm eyeing. Not quite right on the price yet though.

 

Must not be selling many new vehicles because I had a dealer approach me about trading mine in and offered me 0.9% financing on a new 2022.

 

Wait as long as you can because soon the prices will come back normal or even less.