... sell????? - Reality training

Todd Phenneger tquattroguy at yahoo.com
Wed Jan 29 22:22:43 EST 2003

  I agree with most of your message except this statement.  THe
used car Market isn't "down" right now.  ITs FLAT on its FACE.
There IS no used car market.  Its starting to stablilize but ask
many dealerships how much they lost in used car inventory.  They
would buy them at below Wholesale book or Loan Value and 1 month
later Retail was at the same spot.  (i'm exagerating) but my
point is, the used car market sucks right now, and it IS because
of the 0% financing deals.  Why pay 25,000 for a used car at 7%
interest when you can get the new one for $30k at 0.0% for the
same payment! And yes those number work, within about $5 a
  That market trickles down to even the older models as it makes
every used car worth just that much less.  Even Lexus, BMW, etc.
     Todd (Glad he's not upsidedown in any cars he owns)

--- QSHIPQ at aol.com wrote:
The market isn't "down", Audis just don't hold their value.
Even the new ones don't.

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