- Joined
- Nov 29, 2023
- Threads
- 7
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- 3,199
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- 6,516
- Location
- the cornbelt
- Vehicle(s)
- '21 JLR 6MT
- Banned
- #16
By and large higher rates are what's driving the reduced spending which is a good thing. People were paying way too much money for cars and people are still overpaying but not to the degree they were a year or two ago. If this is what it takes to keep from automakers raising prices higher I'm okay with it.I would like to think I'm more of an exception than the rule though. My wife said she's not quite ready to give up her ride but if rates were more affordable i think she would be more apt to make the change sooner. People still need cars though that doesn't change. People will also still likely be spending to the same budget they otherwise were going to but again more of the money goes to the banks is all.
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