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Greg_In_SF

(719 posts)

7. The dealer markups during Covid

Reply to dalton99a (Original post)

Mon Nov 17, 2025, 11:43 AM

20 hrs ago

are largely responsible for this problem. If you paid a $10,000 dealer markup three years ago, your car is still worth the same amount as the guy that didn't pay a markup so now you're $10,000 under water on your three year old car. Horrible decision.

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Highlight:

Car repossessions expected to hit their highest rate since the 2009 recession. [View all] dalton99a 21 hrs ago OP

The cost for a new automobile is ridiculous. With Emile 21 hrs ago #1

"Mortgage on the car, mortgage on the car..." --Ramble Tamble by Creedence Clearwater Revival RedWhiteBlueIsRacist 21 hrs ago #2

Nah, they push leases now durablend 20 hrs ago #4

And I hope they start Arthur_Frain 21 hrs ago #3

DURec leftstreet 20 hrs ago #5

Hmm. If it walks like a recession... GopherGal 20 hrs ago #6

The dealer markups during Covid Greg_In_SF 20 hrs ago #7

covid markups sweetapogee 19 hrs ago #9

Some borrowers naively believe that the act of repossession satisfies their loan obligations. MichMan 20 hrs ago #8