Its so fukin annoying that these people are supposedly the crem de la crem of intelligence and they roll out to go beg for OUR money in private jets :dumbass:
Chop the CEO's to a max income of 1m a year, tell all the old retired fuks "no more free money go work at walmart", MAKE the designers come up with new smaller better efficient models (dont go spending millions on challengers/camaros/mustangs) and for christ sake make the factory lenders actally make it possible for some one with good credit be able to buy a car and finance through the company.
Heres some examples of stupidity in the last few months that directly affect me and my income.
1. Ford is loosing thousand upon thousands at the aution on lease returns as a few years back they gave people a 24 month residual on a 36 month lease, so they raise lease rates to where its idiotic to lease vs buy.
2. GM did the same thing as does the same response.
3. Chrysler gets out of leasing completly due to the same thing.
4. Chrysler this mornin raised the 60 month A+ rate to 9.74 and did away with any terms longer than 5yrs, to put that into perspective you could have an 860 score with 10,000 down on a 15,000 car and have to pay 9.74??? Who is gonna do that? Also look at how many 40k + vehicles they sell and they wont do 72 months?
Chrysler financial is out of the lending game as of this mornin IMO
5. GM flat will not finance anyone for anything if you are under a 700 score.
6. FMCC (ford financial) isnt approving anyone remotely rough.
All of these things are knee jerk reactions to stupid sh*t that went on a few years ago, if you buy crap deals they are gonna go bad, if you give people stuiply high residuals on leases you are gonna be in the shitter at the auction. No plans were made for the future, it was all a quick fix.
Im just happy our dealership has toyota and is hooked up with 5 great independant banks and at least 20 credit unions.