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   Oasus Plainsview :verified: (itsoasus@pawb.fun)'s status on Friday, 02-Aug-2024 07:16:10 JST Oasus Plainsview :verified:

   in reply to

   He didn't want to deal with that so he sold his business and got out.

   ANYWAY, back on topic. So the dealer gets money from the bank to buy cars from the dealer to sell to the customer. They then get to pay interest for that. And the longer a car is on the lot, the more interest accrues.

   The more interest accrues, the more that eats into the dealer's profits. And the more pressure the dealer has to sell the vehicle, potentially, but not always, at a loss.

   So you want cars that have been sitting on dealer lots for a while, cause there's a good chance a deal can be had.

   There are so many dealerships that are struggling to sell certain cars. The pandemic was definitely a seller's market thanks to the chip shortage. But we are so very clearly in a buyer's market where prices should be lowering in order for people to get a nice affordable car.

   🧵 (END)