THINGS JUST KEEP GETTING WORSE FOR DODGE! BIG FINANCING ISSUES KILLING SALES!
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Published 2024-04-23
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Wharton article:
knowledge.wharton.upenn.edu/article/why-are-electr…
All Comments (21)
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Got clarification today.most Banks and credit unions are saying the cars are over 12 to 18 months old so they are cutting the amount they will pay on MSRP. Navy Federal will not go over 80% of sticker for any car manufactured before May of 2023, and 75% or less for any 2023 models manufactured in 2022.
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TK is right. I Tried to buy a 2023 challenger hellcat narrow body. Capital one would only go 80 percent of msrp, I have a 743 score and no debt. The only lenders that would do full MSRP were sub prime with over 12 percent interest. This is sad. I went and bought a mustang smh. Ford at least will work with the price these dodge dealers won't. Love what you tk and Butter do
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Outside of blue state/cities, nobody gives two shits about EV‘s
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Ev is just crap
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Yep this is the truth. We went to get my daughter a durango srt and the bank wouldn't fiance over 60% of the msrp. They said these cars and trucks are no longer new. I went to 5 banks all the same. Only the Santanders of the world would take it at 16 percent that's insane. I'll pass. You and TK are right
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I’m 56 and remember in the late 70s and 80s they kept telling us we were gonna go into a new ice age, they don’t know crap 😂
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Still driving my 09 Crown Victoria Police Interceptor with 150k, did a few maintenance items, looking for another 150k. 👍
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A car that lasts 20,30,40,50 plus years on the road had such a minimal carbon footprint if maintained properly vs an ev that can be written off over a dent in the battery,… can we even recycle these batteries effectively yet? Where do they go?
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We can thank Tim Kuniskis for Dodge’s Greed and the outrageous price increases. Tim K screwed Dodge’s buyers with the Last Call Scam!
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So the lenders are starting to only lend out what the cars are actually worth? This is definitely hurting these dealers
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Remember. According to Stellantis, Alpha is their crown jewel; the make that sells a fraction of what Dodge sells. Say goodbye to Mopar. They’re letting it die on purpose. Hope you like the Hornet cause rebadged Alphas is our future from them. That and foreign made Rams. Yay……
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And being stolen like the Kia’s 😅😅😂😂
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Buy used, people. Save your money. It’s just a car, tons of slightly used dream machines for sale by people desperate for cash. Don’t feed these dealers and banks who just got done reaming us.
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Imagine being brainwashed enough to actually believe you could save the planet.
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I've also seen where the insurance rates are much higher and that's for insurance companies that are willing to even ensure EVs which are becoming fewer because the insurance companies essentially take a loss especially on these Teslas that have been seen catching on fire. The insurance companies aren't getting any money back so as a result more insurance companies do not even want to have EVs on any of their policies. These cars are an absolute joke..
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Stellantis : 5.7 35k add a hot camshaft $60k Add a blower $90k
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They can stick their EVs where the sun doesn't shine! I will NEVER own one.
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EV will never take off like they think
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I just bought a Charger RT two weeks ago. $48k MSRP, paid just under $34k OTD. Went with Stellantis financing at 8.01%, and yes tier 1 credit, because got an additional $1000 off to finance through dealer. Even though had better rate through Navy Federal. With trade, reasonable down payment, financed appropriately $25k. Can still refi the loan, but point is you can find and make a good deal if you’re not too emotional about it. Would I love to have gotten a Scat Pack or Hellcat? Sure, but just makes a lot less financial sense. Will pay the thing off in a year or two, and have much more flexibility at that point. Still, finance manager talked to me like I was an idiot for not buying a single thing they proposed in their usual finance office dance.
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Great info again. Gotta stay patient