The supply of used cars is about to increase and drive down prices.
While that may seem good, the problem is that deadbeats who default on car loans probably did not maintain the vehicle.
Yep. I cannot fathom the level of hedonism people have that they would be willing to fork over so much for a new vehicle with the prices they are at especially.
Used car prices spiked another 6%
“While that may seem good, the problem is that deadbeats who default on car loans probably did not maintain the vehicle.”
I bought a new Tahoe in 2000, the 2001 model.
5.3L, LT edition...leather, the works.
I put 204,000 on it over the ensuing 20 years. All I did was change the oil and replace tires. Had the original plugs in it.
Just would not die. Drove like it was new.
Finally gave it to my niece. She’s since put another 40K on it. Still runs strong.
If you find one with under 50,000 miles, it’s barely broken in. The 5.3L V8 by GM is the best engine they ever made, bar none.
That fact can all but be guaranteed. The people who neck deep in auto debt are paying the $90+ for an oil change or any other basic maintenance. All most of them know is you need to put gas in it, and that’s it.