Alistair buying more as well, $2.50 ish surely the bottom, onwards and upwards to $3 by Christmas.
So if 'everyone' is buying, who is selling?
Alistair buying more as well, $2.50 ish surely the bottom, onwards and upwards to $3 by Christmas.
So if 'everyone' is buying, who is selling?
Further to my posts about the used v new car markets elbowing each other for customer attention Nissan are now offering no deposit finance at 1.9% with a payment holiday until April.
Those whose aim is to provide finance for profit must be struggling against others who regard finance as a cost of sale.
Boop boop de do
Marilyn
Certainly there seems to be by some a concert-ed effort to pump the shares higher.
Attractive finance for those that can afford the monthly payments. Nissan don't have a lot of low priced product and their terms are over 3 years so the payments will be steep.
I continue to believe the likes of Suzuki with their compact cars at around $20K, plus or minus a bit depending on model and Mazda with their Mazda 2 priced at a similar level who are both offering no deposit 5 year finance at just 3.9% and 5 years manufacturer warranty and taking into account the extra fuel efficiency of these sort of vehicles which is very much on the mind of consumers these days...these are the sort of vehicles that may be sucking some wind out of the sails of the second hand market because when you look at the whole deal, the cost to finance and operate something like this is probably cheaper than a running a bigger sized second hand vehicle in the $15,000 range. I know I am comparing apples and oranges here but it would appear at least some consumers may be asking why bother buying a used car ? Do I really need the extra size of a bigger second hand vehicle with all its higher running costs ? Why not just buy a brand new small car instead with all the assurance of long factory warranty, no deposit super cheap finance, less maintenance, fuel e.t.c.
Or if you are really smart buy that low km as new 4 year old small car privately for 60% off new price. (as I did this year)