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> It is just a matter of time until people who purchased their cars during chip shortage are massively underwater on their cars. It's a depreciating asset. You
by mateo411 4y ago
> It is just a matter of time until people who purchased their cars during chip shortage are massively underwater on their cars.
It's a depreciating asset. You lose 10 to 15 percent when you drive a new car off the lot. Unless it's a classic car, it's expected that you will be underwater.
- avgDev 4y ago10 to 15 is a bit different than "massively underwater", I think 30-40% is going to be hard to swallow by most folks. When you pay $33k for a $23K MSRP car something is really wrong.