84 month payments

[Alex Snyder]

How often do you quote 84 month payments and how often do customers take a payment term that long?

 

[Jeff Kershner]

84 months - scares the hell out of me. Because you know if it's available, the average consumer WILL utilize it.

 

[Ralph Ebersole]

84 months - scares the hell out of me. Because you know if it's available, the average consumer WILL utilize it.

48 Months scarred us at one time.

 

[Alex Snyder]

Time for a debate starter

Anyone buying a gas-powered car is a fool ….diesel is okay.

Once the battery can take a car 500 miles, without a recharge, it will become obvious petrol-powered personal transportation cars & SUVs don't have a long future. Society will come ripping down on people who burn dead dinosaurs for personal motoring consumption swiftly. It will be worse than all those Hummer owners who were shamed into the trade-in spots at our stores when gas broke $5 per gallon.

So, buying a gas powered car is for short-term fools

Lease it! Lease lease lease lease lease lease lease! Leasing is good! Leasing rocks

Leasing turns the inventory of licensed drivers in the United States consistently. If there are roughly 200,000,000 licensed drivers that we are trying to pump around 16,000,000 cars into each year, leasing helps us keep that number steady. It makes leasing the duty of a good American

It also means that if you, Mr. Car Dealer, is trying to put a customer into anything other than a lease you're naughty

And you're an outright terrorist if you put a customer into an 84 month loan on a new car

 

[Ralph Ebersole]

Time for a debate starter

Anyone buying a gas-powered car is a fool ….diesel is okay.

Once the battery can take a car 500 miles, without a recharge, it will become obvious petrol-powered personal transportation cars & SUVs don't have a long future. Society will come ripping down on people who burn dead dinosaurs for personal motoring consumption swiftly. It will be worse than all those Hummer owners who were shamed into the trade-in spots at our stores when gas broke $5 per gallon.

So, buying a gas powered car is for short-term fools

Lease it! Lease lease lease lease lease lease lease! Leasing is good! Leasing rocks

Leasing turns the inventory of licensed drivers in the United States consistently. If there are roughly 200,000,000 licensed drivers that we are trying to pump around 16,000,000 cars into each year, leasing helps us keep that number steady. It makes leasing the duty of a good American

It also means that if you, Mr. Car Dealer, is trying to put a customer into anything other than a lease you're naughty

And you're an outright terrorist if you put a customer into an 84 month loan on a new car

It's even deeper than that, Alex. I've had 2 consumers who have never leased before come in and ask to. The reason is the technology and how rapidly it's evolving. They are very interested in what's new today, AND what's coming, This along with what you said is driving consumers thought processes.

 

[craigh]

Once the battery can take a car 500 miles, without a recharge, it will become obvious petrol-powered personal transportation cars & SUVs don't have a long future. Society will come ripping down on people who burn dead dinosaurs for personal motoring consumption swiftly. It will be worse than all those Hummer owners who were shamed into the trade-in spots at our stores when gas broke $5 per gallon.

So, buying a gas powered car is for short-term fools

It's not that simple. We will have 500 mile distance before we have enough resources to make enough batteries to put everyone into an electric car. That's still one of the biggest bottlenecks - we have to collect and prepare all the lithium and other metals involved in this process. Although we know we have enough of the resource, they aren't getting it out fast enough to meet the current demand.

 

[Kurtis Anderson]

84 months - scares the hell out of me. Because you know if it's available, the average consumer WILL utilize it.

FCA Canada offers 96 month financing...we're feeling the effects of consumers utilizing this over the past few years when they come back to try and trade in. This is the term the manufacturer uses to advertise bi-weekly or even weekly payments

 

[Jay Nelson]

From a profitability standpoint we shouldn't be quoting 84 months. It should be a tool used by F/I to grow margins and sell product. It should be used on a deal to deal basis; but personally, I definitely agree with whoever said people should be leasing right now.