Daidraco
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Finally. Someone gets it. Not surprisingly you are in business. Just curious, what type of dealership? Are your manufacturers working out a deal on your floorplanning to ease the carry cost?
Wells Fargo does our floor plan and they offered an extension of curtailment. I work between Toyota and Kia for the same Auto Group. Incentives for both of those brands have barely changed. You can extend out your first payment up to 120 days now, but the incentives that are out between them roughly match what they were doing in November for example. The brands that were already in trouble such as Jeep, Chevy etc. are the idiots doing 84 months at 0% interest on tiers 1-3 and you can generally bump up a customer's tier if they are a "good" tier 4. Take into account that you can also extend your first payment for 120 days there, too. So 88 months at 0% interest. The value of those vehicles are going to tank, and these people buying them are going to be stuck in them for ~6 years.