Thinking I should go car shopping amidst the panic

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CULater
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Thinking I should go car shopping amidst the panic

Post by CULater » Mon Mar 16, 2020 12:37 pm

Wondering if the car dealers are starting to hurt. Seems logical that fewer people would be in the mood to be car shopping now. I'm considering hitting some dealers and throwing a lowball offer at them for something. What do you think?
On the internet, nobody knows you're a dog.

bob60014
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Re: Thinking I should go car shopping amidst the panic

Post by bob60014 » Mon Mar 16, 2020 12:40 pm

Yes its being talked about. I'm planning on going shopping soon.

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TomatoTomahto
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Re: Thinking I should go car shopping amidst the panic

Post by TomatoTomahto » Mon Mar 16, 2020 12:41 pm

What do you think?
I think I’ll have to check with my manager.
Okay, I get it; I won't be political or controversial. The Earth is flat.

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Re: Thinking I should go car shopping amidst the panic

Post by bloom2708 » Mon Mar 16, 2020 12:43 pm

I wouldn't go in thinking/expecting to get some crazy good deal.

These businesses are fighting for their survival with all the rest.

If you want to go car shopping, go car shopping. Getting a "put you out of business" good deal shouldn't be one of the criteria.
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The Broz
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Re: Thinking I should go car shopping amidst the panic

Post by The Broz » Mon Mar 16, 2020 12:45 pm

CULater wrote:
Mon Mar 16, 2020 12:37 pm
Wondering if the car dealers are starting to hurt. Seems logical that fewer people would be in the mood to be car shopping now. I'm considering hitting some dealers and throwing a lowball offer at them for something. What do you think?
Absolutely - if you are in a spot where you are thinking of getting something in the next year or whatever, it couldn't hurt. We are prepared to jump on a house if there becomes some deals available.

tibbitts
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Re: Thinking I should go car shopping amidst the panic

Post by tibbitts » Mon Mar 16, 2020 12:47 pm

I'm guessing it would be too early for any bargains, but then that would be attempting to time the market.

BanditKing
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Re: Thinking I should go car shopping amidst the panic

Post by BanditKing » Mon Mar 16, 2020 1:45 pm

Remember Cash for Klunkers? I put my planned purchase on the back burner. I suspect there will be some kind of a stimulus when the car manufacturers start hurting, coupled with good rates and rebates. Unless you need a car now, may be worth waiting.

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Re: Thinking I should go car shopping amidst the panic

Post by Jack FFR1846 » Mon Mar 16, 2020 1:50 pm

I went to a Subaru dealer to test drive a used car. They didn't seem empty and it was a Friday mid afternoon. At 5, I went to Carmax with an appointment. They appeared to have a good number of customers. I can't say that I know how either looks on a normal weekday as I tend to come in on weekends, but had an afternoon off.

There were no deals to be had on my Friday.
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Re: Thinking I should go car shopping amidst the panic

Post by CULater » Mon Mar 16, 2020 1:56 pm

I figure the way to do it is to throw down lowball offers and walk away.
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ThankYouJack
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Re: Thinking I should go car shopping amidst the panic

Post by ThankYouJack » Mon Mar 16, 2020 2:09 pm

TomatoTomahto wrote:
Mon Mar 16, 2020 12:41 pm
What do you think?
I think I’ll have to check with my manager.
Hahaha, that was clever :D

daheld
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Re: Thinking I should go car shopping amidst the panic

Post by daheld » Mon Mar 16, 2020 2:11 pm

This is 100% market timing the new car market, but if it were me, I'd wait. I personally believe this thing is just beginning and likely to get much worse over the next 4-6 weeks. I do think the impacts will be far less severe for multinational corporations that generate billions of dollars of revenue, so I don't think you're going to get a life changing deal. I'd guess there might be the potential for saving a decent chunk of change. Not a bad time to consider your options if you're looking anyway.

user5027
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Re: Thinking I should go car shopping amidst the panic

Post by user5027 » Mon Mar 16, 2020 2:14 pm

I got an email from a local dealer the other day.

They've instructed staff and are asking customers to not shake hands.

Encouraged customers to bring their own pens.

Are sanitizing all vehicles before and after tests drives.

Removed all reading material from the service lounge. Feel free to bring your own or use the free wifi.

Complimentary coffee and snacks are no longer self serve. Staff will serve it.

delamer
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Re: Thinking I should go car shopping amidst the panic

Post by delamer » Mon Mar 16, 2020 2:15 pm

I am not going to any public places unless it is absolutely necessary. And a car deal isn’t.

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JonnyDVM
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Re: Thinking I should go car shopping amidst the panic

Post by JonnyDVM » Mon Mar 16, 2020 2:16 pm

ThankYouJack wrote:
Mon Mar 16, 2020 2:09 pm
TomatoTomahto wrote:
Mon Mar 16, 2020 12:41 pm
What do you think?
I think I’ll have to check with my manager.
Hahaha, that was clever :D
I also lol’d. I posted this in another thread but we just bought a Subaru a little over a week ago and I was surprised at how good of a deal I got. I lowballed assuming we would come up a bit and they said Ok to my offer. Either they aren’t moving Subaru’s in general or they were anticipating a slow down.
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Re: Thinking I should go car shopping amidst the panic

Post by bogledogle » Mon Mar 16, 2020 2:19 pm

ThankYouJack wrote:
Mon Mar 16, 2020 2:09 pm
TomatoTomahto wrote:
Mon Mar 16, 2020 12:41 pm
What do you think?
I think I’ll have to check with my manager.
Hahaha, that was clever :D
lol

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Re: Thinking I should go car shopping amidst the panic

Post by Sandtrap » Mon Mar 16, 2020 2:25 pm

DW and I planned to order a new Kia Telluride Prestige for 2021.
Internet buy and bargain per "Boglehead strategies".
Sticking to the plan.
j :happy
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HomeStretch
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Re: Thinking I should go car shopping amidst the panic

Post by HomeStretch » Mon Mar 16, 2020 2:26 pm

BanditKing wrote:
Mon Mar 16, 2020 1:45 pm
Remember Cash for Klunkers? I put my planned purchase on the back burner. I suspect there will be some kind of a stimulus when the car manufacturers start hurting, coupled with good rates and rebates. Unless you need a car now, may be worth waiting.
+1 Same here.

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Re: Thinking I should go car shopping amidst the panic

Post by H-Town » Mon Mar 16, 2020 2:28 pm

CULater wrote:
Mon Mar 16, 2020 12:37 pm
Wondering if the car dealers are starting to hurt. Seems logical that fewer people would be in the mood to be car shopping now. I'm considering hitting some dealers and throwing a lowball offer at them for something. What do you think?
Low ball for the CRV still?

Go for the 2020 C8. But don't expect to low ball or you'll be out of the door before you know it.

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Re: Thinking I should go car shopping amidst the panic

Post by CULater » Mon Mar 16, 2020 2:43 pm

I'm feeling the upper hand. "Take it or leave it".
On the internet, nobody knows you're a dog.

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Nate79
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Re: Thinking I should go car shopping amidst the panic

Post by Nate79 » Mon Mar 16, 2020 3:02 pm

I'm not convinced that Americans are changing that much of their daily lives (except maybe hoarding TP and sanitizer). I see local fast food restaurants, Walmart, and other establishments appear to have similar amount of business. Note in my area there is no forced shutdown except for schools.

Old Sage(brush)
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Re: Thinking I should go car shopping amidst the panic

Post by Old Sage(brush) » Mon Mar 16, 2020 3:49 pm

Does anyone see an ethical issue with trying to take advantage of this health crisis?

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Re: Thinking I should go car shopping amidst the panic

Post by bloom2708 » Mon Mar 16, 2020 3:51 pm

Old Sage(brush) wrote:
Mon Mar 16, 2020 3:49 pm
Does anyone see an ethical issue with trying to take advantage of this health crisis?
Me.

I could go over to my local Ford dealer a couple miles away and say "You take $12k for that there new F-150?". Then leave.

I wouldn't get much out of that experience. :annoyed
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Re: Thinking I should go car shopping amidst the panic

Post by rustymutt » Mon Mar 16, 2020 3:53 pm

CULater wrote:
Mon Mar 16, 2020 12:37 pm
Wondering if the car dealers are starting to hurt. Seems logical that fewer people would be in the mood to be car shopping now. I'm considering hitting some dealers and throwing a lowball offer at them for something. What do you think?

You bet. Go play em like fine old fiddle, and let us know the great deal you get. It's your market now, not demand.

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Re: Thinking I should go car shopping amidst the panic

Post by metalworking » Mon Mar 16, 2020 4:02 pm

TomatoTomahto wrote:
Mon Mar 16, 2020 12:41 pm
What do you think?
I think I’ll have to check with my manager.
Bravo

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Re: Thinking I should go car shopping amidst the panic

Post by JoinToday » Mon Mar 16, 2020 4:52 pm

Old Sage(brush) wrote:
Mon Mar 16, 2020 3:49 pm
Does anyone see an ethical issue with trying to take advantage of this health crisis?
No.

1. There is asymmetrical knowledge in the deal. The car dealer knows way more than you & I know. They wouldn't make the deal if it wasn't in their best interest.
2. If the tables were turned and cars were in high demand, do you think they would cut you a good deal? Not a chance.
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Re: Thinking I should go car shopping amidst the panic

Post by chevca » Mon Mar 16, 2020 4:56 pm

I'd probably wait a little bit. Right now, they may give a deal. But, if this plays out in a bad way and folks stop buying cars and many other things for a while, the dealers might be practically giving them away in a few months.

Enzo IX
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Re: Thinking I should go car shopping amidst the panic

Post by Enzo IX » Mon Mar 16, 2020 5:09 pm

I don't think enough time has elapsed yet for good deals to appear yet, the average person hasn't seen it hit them in the pocketbook yet.

If you don't need to buy right away, I would wait to see if the unemployment rate starts rising because of the slowdown. Then I think we will see a bunch of manufacturer and dealer incentives. Dealers aren't panicking yet, but if cars keep getting dropped off and they can't move them, dealer lots fill up, free flooring is over and bank interest starts, good deals to be had.

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Re: Thinking I should go car shopping amidst the panic

Post by surfstar » Mon Mar 16, 2020 5:10 pm

Wait until the end of this month or more likely next month.

random_walker_77
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Re: Thinking I should go car shopping amidst the panic

Post by random_walker_77 » Mon Mar 16, 2020 5:14 pm

I think it'll take a little longer for the dealers to really start sweating. At a minimum, near the end of this quarter (in 2 weeks). Use the usual email blast strategy -- it's more hygienic :happy

I think there's decent odds that if you go in now, in-person, some salesfolks might try out the line " better buy it now before we run out of stock" ;P

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Re: Thinking I should go car shopping amidst the panic

Post by smitcat » Wed Mar 18, 2020 7:43 am

What will the affect of lower car production do to future prices???

https://www.cnn.com/2020/03/16/business ... index.html

stimulacra
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Re: Thinking I should go car shopping amidst the panic

Post by stimulacra » Wed Mar 18, 2020 7:54 am

We're on day three of this. Two weeks is a blip.

Wait 2 months to see some real deals. Despair and fiscal hopelessness hasn't set in yet.

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Re: Thinking I should go car shopping amidst the panic

Post by bloom2708 » Wed Mar 18, 2020 8:03 am

GM is offering 7 year, 0% financing for A1+ credit score borrowers.

Bogleheads who love free money will like that one.
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Patzer
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Re: Thinking I should go car shopping amidst the panic

Post by Patzer » Wed Mar 18, 2020 8:06 am

JoinToday wrote:
Mon Mar 16, 2020 4:52 pm
Old Sage(brush) wrote:
Mon Mar 16, 2020 3:49 pm
Does anyone see an ethical issue with trying to take advantage of this health crisis?
No.

1. There is asymmetrical knowledge in the deal. The car dealer knows way more than you & I know. They wouldn't make the deal if it wasn't in their best interest.
2. If the tables were turned and cars were in high demand, do you think they would cut you a good deal? Not a chance.
Car sales are always haggles and even when the dealer gives you a good deal, they often get one over on you with some fine print stuff. I don't think looking for a deal based on the current supply/demand ratio is unfair.

That said, I am not going to try to get a "deal" from local small businesses, who A. are always fair to me, and B. may be struggling.

msrumphius
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Re: Thinking I should go car shopping amidst the panic

Post by msrumphius » Wed Mar 18, 2020 9:53 am

A different car-buying question.

DH and I bought a car in the fall for delivery in Feb. That turned into March and it finally arrived last Friday. Timing, of course, couldn't be worse - but it's a sunk cost now.

Thoughts on picking it up now vs waiting. We're mostly staying home now and I don't like the idea of going out (I'm 60+, he's 75+).

Thoughts? Opinions?

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Re: Thinking I should go car shopping amidst the panic

Post by smitcat » Wed Mar 18, 2020 2:11 pm

msrumphius wrote:
Wed Mar 18, 2020 9:53 am
A different car-buying question.

DH and I bought a car in the fall for delivery in Feb. That turned into March and it finally arrived last Friday. Timing, of course, couldn't be worse - but it's a sunk cost now.

Thoughts on picking it up now vs waiting. We're mostly staying home now and I don't like the idea of going out (I'm 60+, he's 75+).

Thoughts? Opinions?
Any dealer we know around here will deliver it to your home within a reasonable distance.
So you can stay home and still get the car there.

smitcat
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Re: Thinking I should go car shopping amidst the panic

Post by smitcat » Wed Mar 18, 2020 2:12 pm

smitcat wrote:
Wed Mar 18, 2020 7:43 am
What will the affect of lower car production do to future prices???

https://www.cnn.com/2020/03/16/business ... index.html
Today they announced all large car manufacturers in the US are also shutting down.

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Re: Thinking I should go car shopping amidst the panic

Post by JBTX » Wed Mar 18, 2020 10:03 pm

Old Sage(brush) wrote:
Mon Mar 16, 2020 3:49 pm
Does anyone see an ethical issue with trying to take advantage of this health crisis?
Is the alternative to not go at all and they don't get the sale? Or do you go and pay above current market value?

You could make the same argument that buying stocks at today's prices is "unethical".

Having said that, I wouldn't be a jack arse about it and walk in and throw down ridiculous offers. With the internet that would be a dumb strategy anyway. You basically should have your price negotiated before you even walk in the dealer.

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Re: Thinking I should go car shopping amidst the panic

Post by Cubicle » Wed Mar 18, 2020 10:06 pm

I thought about going "car bargain shopping" too. But I don't need a car. I kinda wish I did, I'd make a standing offer on something.

I guess I'm a jerk. I've witnessed what-should-be-criminal-like upsells on new vehicles. Squeezing a good deal out for a car doesn't strike me as bad. Hoarding basic household stuff, yes. But a new car seems like a want, not a need.
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Re: Thinking I should go car shopping amidst the panic

Post by Pu239 » Thu Mar 19, 2020 12:05 am

I think the OP should go equities shopping today and buy a car in a couple of years.
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Re: Thinking I should go car shopping amidst the panic

Post by Monsterflockster » Thu Mar 19, 2020 12:08 am

CULater wrote:
Mon Mar 16, 2020 12:37 pm
Wondering if the car dealers are starting to hurt. Seems logical that fewer people would be in the mood to be car shopping now. I'm considering hitting some dealers and throwing a lowball offer at them for something. What do you think?
Try online. Many places, at least here in CA are shut down due to shelter in place orders.

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eye.surgeon
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Re: Thinking I should go car shopping amidst the panic

Post by eye.surgeon » Thu Mar 19, 2020 12:15 am

Keep in mind that car production will most definitely drop precipitously over the next few weeks, drying up the supply of new cars. If you're looking for bargains I would think the next 4 weeks would be your chance.
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Re: Thinking I should go car shopping amidst the panic

Post by denovo » Thu Mar 19, 2020 3:23 am

CULater wrote:
Mon Mar 16, 2020 12:37 pm
Wondering if the car dealers are starting to hurt. Seems logical that fewer people would be in the mood to be car shopping now. I'm considering hitting some dealers and throwing a lowball offer at them for something. What do you think?
viewtopic.php?t=124638
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LiveSimple
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Re: Thinking I should go car shopping amidst the panic

Post by LiveSimple » Thu Mar 19, 2020 4:22 am

chevca wrote:
Mon Mar 16, 2020 4:56 pm
I'd probably wait a little bit. Right now, they may give a deal. But, if this plays out in a bad way and folks stop buying cars and many other things for a while, the dealers might be practically giving them away in a few months.
The price go up as well, factories are idling so there will be short supply.

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tvubpwcisla
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Re: Thinking I should go car shopping amidst the panic

Post by tvubpwcisla » Thu Mar 19, 2020 4:47 am

If you are in the market, I think it is a good idea as some of the dealers may be willing to throw in some extras.

mmcmonster
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Re: Thinking I should go car shopping amidst the panic

Post by mmcmonster » Thu Mar 19, 2020 4:48 am

Old Sage(brush) wrote:
Mon Mar 16, 2020 3:49 pm
Does anyone see an ethical issue with trying to take advantage of this health crisis?
You're not alone. There are (apparently) laws about stores not jacking up the prices of things in a crisis. (Look at all the news stories about that guy stuck with thousands of bottles of hand sanitizer he can't dump.)

On the other hand, there aren't laws about people taking advantage of the crisis for low-ball deals.

I'm self-isolating and buying less than before. But I'm certainly not trying to rake anyone over the coals for a better deal to take advantage of the crisis.

Like the stock market. Every sale has two sides. If (as the buyer) I try to take advantage here, I get a marginally better deal. If society does it, it's the tragedy of the commons and the seller goes out of business (or runs out of product, as is the case with toilet paper in certain areas).

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Tamarind
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Re: Thinking I should go car shopping amidst the panic

Post by Tamarind » Thu Mar 19, 2020 5:35 am

Consider doing your negotiating by email and doing a low-contact handoff. This was a good idea even before social distancing, and got me a great price on the last car I bought, incl free delivery.

However you may find this tactic less successful than usual since some dealers may just close as in person business tanks. Especially if you live in a dense area that goes into full lockdown.

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Re: Thinking I should go car shopping amidst the panic

Post by rh00p » Thu Mar 19, 2020 8:03 am

Old Sage(brush) wrote:
Mon Mar 16, 2020 3:49 pm
Does anyone see an ethical issue with trying to take advantage of this health crisis?
Ethics and car shopping. That's funny.
Preparing for the worst. Hoping for the best.

chevca
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Re: Thinking I should go car shopping amidst the panic

Post by chevca » Thu Mar 19, 2020 8:18 am

LiveSimple wrote:
Thu Mar 19, 2020 4:22 am
chevca wrote:
Mon Mar 16, 2020 4:56 pm
I'd probably wait a little bit. Right now, they may give a deal. But, if this plays out in a bad way and folks stop buying cars and many other things for a while, the dealers might be practically giving them away in a few months.
The price go up as well, factories are idling so there will be short supply.
Doubt it.

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Re: Thinking I should go car shopping amidst the panic

Post by Clemblack » Thu Mar 19, 2020 8:20 am

Old Sage(brush) wrote:
Mon Mar 16, 2020 3:49 pm
Does anyone see an ethical issue with trying to take advantage of this health crisis?


No.


If a deal is made between buyer and dealership, then one can assume it benefits both parties. The transaction will help the dealership/industry or else they wouldn't participate in it.

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chickadee
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Re: Thinking I should go car shopping amidst the panic

Post by chickadee » Thu Mar 19, 2020 11:15 am

CUlater finally getting rid of the oil-dilution, entertainment system glitchy CR-V ? YES, I think it's time, my friend. What car are you thinking about replacing it with?

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