Jul 06 2009
Car Sales
The WSJ reported today that yet again car sales are down 44-53% across the big 3. Toyota is even going to its government looking for money. Are we content with the cars we have? Are we all following the gospel of Dave Ramsey now and driving the beater? Or are we all still on a holding pattern waiting to see what happens next. People, your are the person to make the first move. But what move will it be. I will still predict that with the crushing economy upon us, we will reflect and see how we got into the mess. Such as buying cars we could not afford and dropping in debt from the last car into the new loan. Or how about the great debt consolidation by putting your short term credit card debt into your 30 year home mortgage? This has forced people to find replacement parts like a 2002 – 2005 Jeep Liberty a/c condenser that they can use to repair their current vehicle without looking to buy a new one. Watch out, all that has come to pass and we now see the ramifications of our actions. How could anyone go to an auto dealer, look at 25k cars and up and think to themselves, yeah I will take on another loan. I may not have a job next year but look at the great deal I got. Well your great deal will sit there everyday and you stress to find ways to pay it off.