Here’s the latest reader question, along with my reply!
Rachim writes: I’ve he heard that soon, those hordes of excess/dumped cars will be available at drastic reductions – for cash. True?
My reply: I dunno about cash – as the pushers of the WuFlu scam are determined to outlaw cash – but I have no doubt there will be deals. A tsunami of defaults on car loans is coming and this will result in a tsunami of used cars hitting the market – at just the moment when most people cannot afford to buy them. The same as regards new cars; inventory has been backing up for months – and even with “partial reopening,” 40 million out of work people can’t afford to buy a new car, either.
So there will be deals on both – assuming you have money to buy.
There already are deals, in fact. FCA put out an essential zero-down/zero payment deal a few weeks back. Expect more such in the weeks and months to come.
. . .
Got a question about cars, Libertarian politics – or anything else? Click on the “ask Eric” link and send ’em in!
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