Originally Posted by
DTMenace
180
Covid19 and the Millennials started this trend and finally landed at the doors of the auto dealerships. That's why all of the "internet" car suppliers have flourished and will continue to thrive (Carvanna, Vroom, etc). The majority of car buyers are less than intelligent, this is what the dealer sales staff is counting on to make a killer sale. Regardless of the product being sold, the sales staff does not do their homework to know the product they are selling.
Just my 2 cents....
Dennis
DTMenace
My wife said that many car buyers went from dealership to dealership trying to get approved for a sale or lease. They opted for the best price and car they could get, they were not set on a particular brand, just the best of what they liked at their credit limit. Naturally it had to be new if possible. They paid the highest interest rates to special credit company’s, one missed payment and the car was gone in a flash, some took to parking the car in varying out off sight places, no problem, they were followed and Poof the car disappeared.
A guy I knew a long time ago repossessed cars, he said at times it got scary. Luckily he was a bear of a man which kept things down a bit, but he was a putty* cat at heart. He said towing the car away with the former owner chasing the truck down the street at night was always a laugh.
*You cannot say pu ssy cat.