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SVTPerformance's Chain of Restaurants
Road Side Pub
New Norm: Less Dealer Inventory
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<blockquote data-quote="13COBRA" data-source="post: 16582376" data-attributes="member: 138337"><p>FCA snags a lot of the more subprime business because NADA gives higher values to FCA vehicles than what they're worth. Typically when you trade in an F-150 or GMC 1500, you're right around NADA Clean Trade line...when you trade in a RAM 1500, you're typically $2,500 under.</p><p></p><p>Meaning when you go to sell it, rather than buying it for the value...you're buying it for less, and to the bank that makes it a less risky loan and they will stretch a bit for slightly underqualified applicants.</p></blockquote><p></p>
[QUOTE="13COBRA, post: 16582376, member: 138337"] FCA snags a lot of the more subprime business because NADA gives higher values to FCA vehicles than what they're worth. Typically when you trade in an F-150 or GMC 1500, you're right around NADA Clean Trade line...when you trade in a RAM 1500, you're typically $2,500 under. Meaning when you go to sell it, rather than buying it for the value...you're buying it for less, and to the bank that makes it a less risky loan and they will stretch a bit for slightly underqualified applicants. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
New Norm: Less Dealer Inventory
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