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Today on the Daily News You Can Use, Ray and Zach discuss the latest news from Nissan where the automaker is struggling. Tune in to learn more!
Onlything nissan has going for it is the frontier and thats because the tacoma has been such a disaster
Titan (soon to be extinct) and Frontier are both solid. Datsun pickups were always tough/well made, and less expensive than Toyotas. But now Toyota has dropped the ball on powertrains. Entry level trims: Frontier $26k (V6), Tacoma $30-32k (turbo 4). The price gap grows even larger on Premium trims.
And Nissan won't just offer it as the XTerra, which was just about the only Nissan that got much attention in years -- even as the 4Runner is delayed and leaves a wide open hole in the market.
Stellantis has a HUGE problem owning brands that used to be competitors. If they don't want the XTerra to undercut Jeep products, or the Titan to compete with Ram, and so on, eventually they'll have nothing left to sell!
And right now, they have less and less that people are willing to buy.
I will say this repeatedly and you guys won't ever acknowledge it. You're right to a point. But CDJR dealers aren't reducing prices enough. Period....end of story. 2024 Jeep Grand Cherokees........only offering $2000 discount. Wranglers $2000 discount. I might have gotten in trouble for bringing a balloon and birthday card to a dealer for a grand Cherokee that was having it's first birthday. The sales manager and sales staff were angry and mortified. Lol.
NO one candle cake?
@EmmyPierz-ek7hi my wife got mad at me for even getting the Balloon and card. I said it was the principal about them not wanting to discount a year old car more than $2000
That’s hilarious!! I could see the sales manager not finding that as funny, but I love it! 😂
Honestly man it depends where you are. Here in atlanta with prob 20 cdjr dealers they are taking 10-15-20 percent off.
@TATERNUTS1 well the issue is here in Northeast PA, it's not a rich area, people are still overpaying. I'm seeing gladiators $11,000 off. But wranglers are sitting for months. Grand Cherokees are selling but I'm guessing most of them are leases because I know someone whose broke and they just got one with a sticker of $51k. So I still thing most dealers up this way aren't discounting enough knowing full well they have cars sitting you'd think it would be the smart decision.
I would love to see a manufacturer come up with a grass roots plan called: "Simpler is better" and use the base model with less bells and whistles at a fraction of the cost...this may entice people back into the new car market.
August 21, 2023. GM's Mary Barra announces GM's new "Winning With Simplicity" strategy. *Was supposed to begin in 2024.
Ummm... Tesla Standard range Model 3.
The dealers would have to actually ORDER and STOCK those simple cars.
In my opinion if nissan would get rid of the junk automatic transmissions many more people would buy them. We had 2 of them, the car's themselves were nice car's but both of them ended up with transmission failures at under 80k miles. They both had the same CVT transmissions. They are the only company that has several car's under 30k but people are afraid of that transmission. I don't understand why they are still using it.
Exactly why I'd never buy one. I even look at what Honda is using for a transmission after the many Odyssey transmission failures, years ago.
They do have a couple of models that don't have it (Pathfinder if I recall) but yeah they need to ditch it across the board. Or at least get the Toyota supplier CVTs lol
I've owned Nissan throughout the past 20 years. I currently have 2 in my garage, both with CVT's. Both have over 130k miles. Never had a transmission issue, ever. Proper scheduled maintenance and responsible driving habits are important factors.
We have had two Audi’s with engines that self destructed at 80k miles as well. Both had the 2.0 turbo… an ‘08 A4 and a 2013 Q5. My wife now drives a Honda.
Yup, my best friend rebuilds transmissions for a living for the past 14 years, he absolutely urges everyone he knows to stay far away from any vehicle that has a cvt transmission because in his words "they are complete pieces of s**t"
Nissan would solve all their problems by publically announcing abandonment of CVT's.
Agree completely.
That would help them....
What they need to do is improve their Cvt . A lot of manufacturers use them and Nissan's the one that developed them and they're the ones that have issues because they have bad quality
100% agree!
@@user-qc7dr3cd3q so how would you solve the suv and pickup trouble since they don’t have a cvt?
My local Volvo dealer has a 26,000 square foot parking lot full of cars waiting to be sold.
I recently inquired at Volvo Hill Country in Austin for a lease quote and the sales manager only was able to offer a $3000 dealer discount on a $67500 XC60. Most of their vehicles are anywhere from 100-220 days old. Guess they want to keep their lots full of cars as well.
That’s a lot of inventory! It might be a good time to negotiate a deal with so many cars on the lot.
Some things in life you need. Overpriced cars/trucks are not one of them. Profit has become job #1.
All these manufacturers are eating it.
Profit is ALWAYS Job #1 for businesses. And there is NOTHING WRONG with that.
Nissan has known about their sketchy transmissions for years and yet they continue to put them in their cars.
In July of 2003 I bought a 2002 Kia Optima it was 16k new I got it used for 14k after the F and I office got done with me I had a loan for over 16k at 18% interest total payments after 71 months cost me 25k. I swear I had the most expensive 2002 Kia Optima in the USA. I kept the car until June of this year 20 years and 10 months in order to get my money's worth out of it. It still has the original engine and transmission. I was able to sale it to a friend for $2,300 so roughly cost me 1k a year to own the car. That is how you beat the negative equity keep driving it, even after it is paid for, even after you are bored with it, even when you swear you will not put another repair bill into it. Keep driving it. The car I replaced it with I brought from a private party for cash. I am one of those people that say never say never but I Hope to never have to walk onto a dealership lot ever again for as long as I live.
Nissan Frontier always getting the short end of the stick. Have had 2 of them and put nothing in other than gas and oil at change intervals after 5 years each. Last Dodge I had spent more time in the shop than in my garage, not to mention the box rust (Dakota).
Best kept (truck) secret in the world. My Frontier is solid.
I get calls, texts, emails from dealerships for cars I bought years ago and don’t even own anymore.
I agree with getting rid of the CVT Transmissions!!!
The wife and I would like a new car. And I got cash! Yet I am not buying into this horse shit !
ditto!!
Same here...
Same I can wait. December could have some great deals this year
Same!
My career was in the food industry my whole life and we were always told that we were a 1% margin business. But after all these years, I'm absolutely convinced it was definitely more than 1% return on investment.
If the supermarket is based on medium to high volume movement. The margin is 1%.
There are some supermarkets that operate on higher retail lower volume model. They make a greater margin at the cost of higher revenue.
Here is an example of a supermarket I worked for. At the time they averaged 1 million in sales per week or about 13 million per quarter. When we had the financial meetings. Profit for the quarter was about 100k. The profit number varied by what was spent on payroll.
If there was to much overtime the profit number would go down. Then the next quarter would have a lot of belt tighting.
York Steak House
Mountain Jacks
Howard Johnson’s
Lawson’s Milk
Sealtest Milk…
Culling the herd is
seldom welcomed,
pain is inflicted.
We adapt
We soldier on.
If Chrysler
Ford & GM
go belly up,
Oh, well
Life goes on.
Is that 1% margin vs the MSRP or invoice of the car or 1% profit after paying interest on floor plan. The true cost of goods sold isn’t invoice, it’s just the floor plan cost plus marketing and sales expenses. Am I wrong? EG, the invoice could be $20k but the dealer borrows that… if they turn inventory quickly, their interest cost might be, say $500 (a total guess). So if the gross on a car (sales price - invoice, fees + holdback is $1000, they aren’t making a 5% margin ($1,000/$20,000) but making $1000/$500, or a 200% ROI. This is simplified of course, no commission, marketing expense, rent, electricity cost, etc.
I have been going back and forth with 3 nissan dealers trying to get a deal on a pathfinder and they are STILL trying to sell me cars with ridiculous add ons, High $$ even though they are struggling. I am waiting for labor day sales to come out cause I am not going to get hosed again.
best time to buy is december, they gotta hit yearly quota
Pay extra principal when you can afford it. This will save on interest and expedite reducing negative equity
Amen!!!
Ray and Zach,
I would also ask in the survey if “you paid a market adjustment “ when you bought the car.
Im sure there is a huge correlation with the increase in negative equity and market adjustments the past few years
What about an episode where you talk about various rules of thumb for budgeting? Things like 10% gross monthly for car, 30% gross monthly for rent/mortgage, etc.
I have a 2017 GMC Acadia, and they still don't have a fix for the air bag , called GM and they have no fix but will tell you what could possibly happen and if you go to turn it in they will low ball you cause of the recall.Must be great to run a business like that .Keep up the info great to listen too!!
Call another GMC dealer. The recall for the airbag replacement went active June 26th of last year. They are required to replace the airbag at no cost.
If Nissan wants to sell more cars they should stop making transmissions that suck. They have no one to blame but themselves. For years they sold many models where you'd have to replace it multiple times. Do you think anyone is going to buy a car knowing that they will have to spend $6,000 on a transmission? People learned their lesson. Now when you say Nissan they're like Nah, I'll pass.
"Cars."
Credit card swap can work but it's risky because you WILL have an additional unplanned emergency expenditure. Ideally, it takes two cards - from different banks. Move the $6,000 to one card. Then, with a "clean" card (no balance), and a 6 or 12 month, or if you can find it no time limit intro/balance transfer. Key is to actually pay the balance off before the low rate expires.
Ray is correctly pointing out, refinance at credit union and pay off the difference
Yes Ray!! Keep current on payments while you find a card to transfer that balance to for 0% 12-16 months!!
Assumes he has great credit though.
Bring back the Datsun pick-up truck. I'll buy one.
Always preferred the "Datsun" name. Lots of good history in the USA for that brand - and a lot of it around racing success.
Me too! Those were so cool.
So funny, they do have an internationally
i have a 2014 Frontier its still going trouble free, i can easily fathom driving it 10 more years with just routine maintenance.
Datsun diesel or a VW truck with a diesel would be awesome here in the states! If we can keep the EPA out of it. They cause more problems then fix must the time. Typical gov agency.
You need to wrap the steering wheel center spoke with Gorilla tape so that air won't go off and hurt the driver as they wait for parts replacement of air bags. Most still need car every day, because most doesn't have a spare car just sitting there.
I always trust and listen to Ray. He is a good man. 😅😅😅
Thank you so much for your trust in Ray! He truly appreciates the kind words and always strives to provide honest and helpful advice.
In my state Nissan is doing absolutely next to NOTHING to offer incentives for buyers.....insanity. What are they thinking??
Franchise dealers make more on used cars with their $1000 pack. 40% internal Mark up on parts and $190 hour labor rate packed into the cost.
Right when I bought my first Truck at 21 everyone said I was Crazy, Also that I'll loose it None of that ever happened and it was paid off just before 2008 bought it in 2000, Fully own it for years now of course, Just work hard get through it just fine easy of course it wasn't.
You went right past this, but I was laughing when you said GM offered to buy out dealers who didn't want to go all EV, and a lot of dealers shrugged and took the buyout.
Clearly the people closest to the ground, and the customers, think there's little to no market for EVs, and trying to sell them is a losing proposition.
Yet, GM charges forward into the abyss.
I totally agree. NO ONE wants EVs and people who, for some reason do, already bought them. This SH#T administration can try, but they won't force people to buy that garbage - ever. GM is garbage and they NEVER paid the US taxpayers back for that bailout which was due to their own ineptness. They are crap, and so are MOST domestic automobile manufactures. It's going to be a rough patch going forward and I for one would NEVER, EVER buy GM, Stellantis or even Ford at this point - or EVER AGAIN. I laughed my ass off when the caved and gave the UAW workers that type of salary and benefits last year. I had a good laugh. Straight up garbage. Been there, done that with their woefully inferior products, and now NO ONE is buying their junk.
GM sales are down 50% in China since 2018. Tesla outsold GM in China. GM will go from the largest OEM in the world to a NA only distribution. GM better find a way to make and sell ev's at a profit or they are doomed. Toyota too.
What?!? Who TF is buying EV’s??? EV’s are what are pushing the big 3 to bankruptcy yet again.
One common denominator with both of these car companies is that they both seem to cater to a those are more credit challenged. Once interest rates completely skyrocketed, it put those vehicles out of reach for most of their customer base.
I pray that some manufacturer discovers that they can sell a simple economical and reliable vehicle along the lines of the Toyota products of the 1990s. I have no interest in the bloated over engineered electronic heaps of plastic being offered. The future will have more mopeds and Tuk-Tuks in it. A KEI sized vehicle will be a luxury item.
Dealers need to scream at the OEM's you're killing us with the bloated invoice prices!
I wanted to buy a new vehicle. Bought new in 11, second vehicle in 13, 13 again, then 17 then 18. Owned a car and truck at same time and got new every 3-4 years. But things got crazy, wanted to buy in 21 but prices skyrocketed. Then interest rates skyrocketed. So a mix of 40 percent increases and interest rates equals keep my two vehicles. My 2018 Sierra elevation was $42000 plus taxes in 18, nearly same truck today is $65000-$72000 with a bigger screen and same engine minus the problems with post Covid trucks from GM. looked at a ford maverick to replace my Hyundai elantra(17) but interest is 8.5 percent in a $45000 mini truck…….crazy! Not going to get suckered, will keep both vehicles.
24:00
AMC became EAGLE,
then part of Jeep Renault.
23:41 correction
I worked for an
Oldsmobile/AMC/Eagle/Jeep/Renault dealership in 1986.
I worked at Victory AMC/Jeep/Renault on the golden mile, Springfield, PA. Salesman of the Month May 1984!
Damn, I am in a large enough area that 1 or 2 dealers may go belly up, with potentially great buys coming up. Except they don't have any cars I want. Sigh.
i work for toyota and i haven't sold a new car in over 50 days im so blacked out right now
Nissan has some cool concepts that could save the company. They just need to make them and get rid of that horrible CVT transmission…
But go back to before 2010. Gm used to give you floor plan assistance and if you moved them before you had pay floor plan . That was free money plus you used to get the advertised and hold back. Which was more back then. We used to make a lot of money off new cars.
Nissan gave me off $15k off msrp for a new Titan. Dealership added ceramic coating for $2495. Was less than 50K drive out. Good deal.
People knock that ceremac coating.
I had it applies to my new
Pontiac Torrent March 2008.
Sold SUV to my father in law
in 2016
Upon his 12/12/23 passing
I got my Torrent back last
month
I washed it and
Much to my surprise,
my Torrent shines like it did
in 2008!
I got 14k off with 0% apr. Along with no charge for add-ons
Bought a 2024 Jeep Grand Cherokee, MSRP about 48k, bought for 44k OTD. Put 24k down, financed 20k at 7.79%, so not upside down here
Caredge is the BEST!!! I tell anyone i can about you guys.
Another excellent show Guys 💯👍❤️✅
Thank you so much! We're glad you enjoyed the show. ♥
He could charge the 6k and then do a balance transfer to another credit card, just make sure that he watches the term of 0% transfer usually 18 mos and then IF needed do another balance transfer at the end of the 18mos.
Many CCs have a 3-5% balance transfer fee depending on the length of the low/no interest period. It can still be a little cheaper if you time it right, but if you make one mistake then you'll spend more than with a typical loan. I've done it so I'm not saying it's bad, but it is a bit risky.
Nissan titan was about to be a solid option in the market, then they pull the plug…
I think it would be in the same situation as the frontier. The frontier gaining popularity due to its old school and reliable v6 motor.
😅
Low low margins is indeed a supermarket thing, we own 5 supermarkets and if it don’t have volume and lots of it yo don’t have a business anymore.
I want to know how CDJR dealerships, publicly traded or not. Somehow are able to pay for their floor plans w units rotting for 1yr+. Are the banks giving them favorable terms in this crap economy. I have been hunting down a 4xe and all CDJR dealerships I talked to are not willing to work down pricing. What are they telling their sales floor team? These dudes are so confident, like your insulting them for asking further discounts.
My guess is they are upside down on them since they've been paying floor plan for a year+, they are hoping the market will change and let them recover. It might change but the cars are depreciating assets so they aren't going to get MSRP or anywhere near it.
$44K for a Maverick?! Well, you were taken my friend. I bought mine for $24K, new 2023.
That’s a big price difference! It sounds like you got a great deal at $24K for your new Maverick.
When was the last time you saw a Nissan CAR/sedan commercial? The fully loaded Versa with transportation is 22000. There’s people who need a car with full new car warranty who would buy that especially since Mitsubishi had dropped the Mirage. Isn’t it better to make 1000 profit plus follow up service that not make it all! Nissan/Datsun’s original success was due to selling affordable cars. Now all manufacturers want to do us sell high priced SUVS or Trucks that really should create a market segment for Nissan
I looked at Nissan. Right now I hate the way the 2024 lines look. No offense just not for me, regardless of what they will reduce to. I had a 1978 Datsun B210 GX. Loaded up all us stoners and drove that thing all over tarnation everyday. Never broke down but it rusted out bigtime. Felt bad when I dumped her. Good times in that little flivver.
Nissan needs to either fix the reliability of their CVT or go back to a good automatic transmission.
😂 “I gotta get my ass in one of them Nissans!” 12:40
Nissan needs to break away from Renault.. Renault group is the one thing holding down Nissin. Prime example of this was the Ford control of Mazda.
They have they push them out they only owe a very small percentage of it it takes time to get them out of there for good they should have never brought them back in there brought them in there in the first place
Bought a 240SX mostly new at 14.75%, could not refy. Could only pay it off ASAP. Kept that one about 14yrs.
I personally think Nissan has some very good looking vehicles. However I will not buy a c v t transmission that's their problem
It is Happening across all brands
Sound Familiar? "Harley-Davidson dealers say the company is sending them too many motorcycles" - MarketWatch headline
@@johnwilde164 $40,000 for a bike. That's a problem
Maybe they can offer a free case of Bud Light with each bike.
H-D prices are too high, but they've also really alienated their cult of customers with unpopular political crap when they should have just zipped it. Word is, their tent at Sturgis was a ghost town this year.
The latest is that they're moving more production to Thailand. The more they do this, the less reason flag-waving H-D fans will have to look at Harley. H-D has a lot of better performing, less expensive, higher quality competition. It's just not American made, which is what brings H-D a lot of their loyal business.
The manufacturers are charging way over inflation rates and the stealerships with mark-ups and add-ons can just go bankrupt. Or they can choose to right the ship. They'll choose option #1.
Blame the EPA whose got there boot on the neck of these manufactures. The Automobile Industries been hijacked by the Government to push Partisan Agendas. The EPA has a 50mpg by 2030 mandate on the Combustion Engine that's impossible to meet. This is why old Trucks cost so much & the future for Trucks is bleak. There's also a new NHTSA Mandate that all cars manufactured after 2028 must have automated braking assistance. Just go to NHTSA's website & see all the Regulations that pushing the automobile industry. Its Regulatory Bureaucracies that bypass Congress & create Rules out of thin air like a dictator that have most influence on the direction a Manufacture will go. Also all foreign Manufacturers have to abide by these rules to do business on the American Market. No one voted for these Rules & no one voted for the people creating & enforcing them. Yes there's also Inflation due to the Trillions spent by Government but Regulators destroy the Free Market. Then it's always the Politicians that created this mess that turn around and blame the "Corporations". A lot of these new prices are a result of the "New Normal" agenda that Partisans in Federal Government had hoped to usher in after Covid. Sure theres greed & sure theres bad companies but these behind the curtain puppet masters don't get talked about enough.
The reason most people are upside down on trade value is dealers under value the price of the trade so they make a big profit off the trade setting up the customer to be way behind on the new purchase greedy dealers always screwing customers
It would be good content if you guys could set up an interview w/the head of a local dealership. Or even a plant worker to get their thoughts on the current climate. Just an honest convo discussing all the hot button issues you guys routinely cover.
That’s a great idea! We’ll consider adding this to our content lineup. Thanks for the suggestion!
Ray, no way the credit card, he needs to be hermit monk for 3 years to save his future.
The money is made is service….. how did that not keep them in business?
Dont pay market adjustments, thats what everyone needs to learn not to do.
KBB writes a new Ionic 5 SE will depreciate $31,393 after 5 years and a limited by $37,179… eek Making an Ionic 5 limited with a residual value of $17,716 at 5 years.
That’s roughly an average depreciation of $6,911 per year.
This entire car buying industry in America should be changed. Buying a car is like going to the mafia to borrow money!!!!
These Cars are over priced by 40%. Plus the product is now aged, and hasn't recouped any costs let alone profits. The inventory needs to be turned by reducing 50% off MSRP before anyone will consider buying.
Nissan big mistake was moving factory to Mexico in 2012 quality vent down
That credit card is probably 29.99APR
Air bags yet again, i tried to set-up for new local business, because i feel example, Takata brand, plus others, if defective new is one thing, but repeatedly defective, is a gross misunderstanding on who is paying for this, and i also wrote to government on, perhaps a net deflector, or pillow, to stop scrap from hitting oct. Or passinger, or being able to turn off temporary, so we can still drive our vehicles, also perhaps a redesign to a air blader valve types, or slower safer ones to use. And lets fact facts, they get old too, and probably don't work anyways, but we shouldn't be paying for it. Especially repeatedly jobs at all. Even a stuffed teddy bear of some sorts would probably give us better odds. So they all know, but are they purposely ripping off the American consumer?
I was considering a Nissan rogue and two I've seen that there still having problems the CvT transmission which blows my mind since they are the ones that develop the technology and for some reason they can't get the quality right.
I don’t understand why auto makers can’t know where each vehicle under a recall is or can locate.
At least in my state vehicles are tilted and registered by VIN. Every manufacturer should know which VINs are affected by recalls. Get with the state (DMV/BMV) and find out where each is registered then send notice.
They generally do but the problem is many of them don't actually have the parts or a real fix, so the recalls can't be done. My 2014 Grand Cherokee diesel has been under a fuel pump recall for 2 years now and still haven't been able to get it done due to lack of parts.
the Armada engine and transmission is the only Nissan product that is reliable
You can only hope as Technology improves either for hydrogen or electric that new car companies will start from the shelf technology
that is simplified with maybe a fiberglass body or even carbon fiber and you will have the rebirth of a simple updated car like the VW
that takes the business. By the look at the Subaru new 360. It looks like a 1960’s VW Bug.
Long Time Nissan Owner. Altimas, Pathfinders, Murano's, and a Versa. I love them, very peppy, Buuuuutttttt. Nissan needs to advertise that their fragile CVT's need to have at least partial oil changes of their $25.00/qt. NS3 CVT oil every 10 to 15K miles. Usually about 4 qts. for a partial. It's just because the CVT works so hard doing what it does, that the special chain belt that is used needs to be kept properly lubricated in order to get reasonable long term mileage. Originally the engineers thought it was because of heat degradation alone and Nissan started coolers. It worked a little better, but was no fix for the fragile drive belt. Nissan just needs to stop whistling past the cemetary, meaning, they need to stop pretending there isn't any problems with their products, and they would sell much better than they do. My second Altima cost $3500.00 for a new rebuilt tryanny in 2017, which thanks to a class action lawsuit that was just approved, Nissan had to refund that repair. I do appreciate the refund. But wish Nissan would just own their problem and let all their consumers know the problems up Front!!!
14:54 I thought those airbags could also just self detonate even without being triggered as well.
"Depends on how ugly the driver is." :o)
The problem with Nissan is that they are not reliable. It is a shame
They are full of it, I work at a Nissan plant , we can't build Altimas fast enough, count how many you see on the interstate plenty! They are good reliable cars at a good price or people would not be buying them hand over fist !
I've wondered about that too as I mentioned it to my Chiropractor and he said another patient works at a Mercedes dealer and they are selling like mad and the guy is making bank. I assumed that was because the people with $$$ always have $$$, but I am not seeing the big discounts at the more mainstream dealers that would indicate desperation to move inventory. Saying cars are selling ok doesn't get clicks.
To the young man, all lessons cost money look at this as a lesson, we have all gone through something like this, and we have had to learn the guy is young and it will take some time and payments to work it out.
if Nissan just work with traditional geared automatic transmissions, even give a Manual option for enthusiasts like me, It will be easily one of people's choice should they ditch just that junk Jatco CVT...
Need a Ray watch check on this episode
Tanner here you go. torgoen.com/collections/torgoen-t43-diver/products/t43-cyan-diver-sapphire-44mm-cyan-silicone-strap. All the best, Ray
I would like to crooect some information walmart grocery profits are 25 percent.
It's obvious you are not in the food industry or you would absolutely know 25% is way high but it is definitely more than 1% or a penny on the dollar
Big difference on gross or net. 25% gross profit sounds reasonable and 1% net while not ideal could be possible
My neighbors in the 80s owned a small grocery business all us kids worked in part-time. They once told me after everything said and done, they were getting 7 cents profit every dollar. Gotta be less now.
Buying Hot Garbage is still a bad investment even with a reduced price.
Jeep (wrangler) Ram trucks and Nissan still have a loyal fan boys while the build quality and engineering is so bad. Those brand fan boys are exactly like the blind guy that gets his hair cut by his blind barber. Man, That’s a great looking hair cut! See ya next time!
You should have put the survey link above...it's not easy to find on the website
They did not update all their transmissions at Nissan from CVT to 7 speeds automatics. That is problem.
what about talking about how low APR 1.99 Tesla's leases are?
That's a great point! Low APR leases like Tesla’s 1.99% are definitely worth highlighting.
Thanks Guys. Ray, I'm going to forgive for even mentioning the words "credit card" in a negative equity conversation. Somewhere, Dave Ramsey just blew a gasket. heh
Most all of Nissan vehicles are really really reliable it's just a CVT transmissions ruin it for the cars
*We need a new sales tactic and no price haggling in car dealerships for customers who want the base model. Offer at cost plus a fixed %*
Tesla... Order online and take delivery. Easy.
@@bucfan11 Thanks.
On some future episode, please describe how your CarEdge car selling feature works. Is it by auction? Fees? ( I haven’t subscribed yet, still considering)
Not good financial advice. Just pay off what you have asap.
I’ve watched Nissan make a series of what I think are bad choices, market-killing choices since about 1973. They were a hot brand as Datsun from when they introduced the 510, then the 240Z. Then they threw away the Datsun brand-and dropped from the top overnight. Most recently, they rewarded fleet buyers of the NVx500 line with an announcement that they were going to drop the line! “Great! I’ve just licked myself into a Nissan fleet and I won’t be able now to keep building?! Shoulda gone with Sprinter!” Stupid!
Zach, give it up, NO RESET! Or find another word.😊
Banks don't sell cars. They sell money to make money. It's none of their business how things customers buy appreciate or depreciate. Banks are not responsible for either circumstance. The borrower owes that money, regardless of the residual value of whatever they bought. Anything else is a childish excuse.
Have cash but waiting on dealer liquidations from floor plan repo threats
ray stop 15 percent means max 2.50 to the dealer
Car manufacturers should get rid of stealer-ships. Just build your car in a site, and ship it to you. Then just have service centers.
I would never feel bad for a car stealership
Ray and Zach,
You can't run a scientific survey on negative equity by polling your audience. Hopefully your audience is better informed than the general population and thus makes smarter buying decisions.
Based on the fact that they tune in to "Pops" and "handsome" every day, for the same SH#T - just regurgitated over and over and over and over and over, but wrapped up and packaged and with a new title ...... again, DAILY, I think we can basically remove the term "better informed" when it comes to the regular viewers here. Right POPS? RIGHT POPS? Right handsome. Right.
The justices department should investigate the entire dealership selling of vehicles!!!
Ray the kid is 22 , making $55,000 a year, quit all unnecessary spending and double and triple your monthly
payment any extra monthly payment totally comes off the loan amount no interest. How bad do you want to
recover, if your parents are in town or brother sister see can borrow pay back at 5%interest or mom and dad
can I move in for a year or 2. otherwise you BAA-FONGED!
Did you increase the cost of the car buying subscription?
Chad, we have not, it is still $999. All the best, Ray