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DoingSomeThings | 2 years ago

I bought a used car from a dealership a few months into COVID before the huge price spike. I had outside financing and the salesman couldn't believe my 2.7% rate. In his words "The average person coming in here is trading in a car with negative equity and taking a 10%+ rate." That was pre rate hikes. I can't imagine how high the payment burden is now.

Pure anecdote, but that guy left soon after our sale. In his words "I feel dirty facilitating these purchases. It's really screwing people over who are incapable of making sound financial decisions."

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alangibson|2 years ago

An honest salesman? We should put a radio collar on him and study his habits. /sarcasm