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Showing content with the highest reputation on 02/22/20 in all areas

  1. 1 point
    There are some cracking old wives tales floating around about stocking loans, yes there are idiots who will be burnt but it if it wasnt stocking loans then it would be credit cards or loans the option to borrow money and be reckless with it isnt new. For me the car supermarkets are more to blame than stocking plan holders, these supermarkets work on pure volume and are happy to sell the car at cost and pressure the sales staff to build in add on "breakdown cover extended warranty lifeshine ect" into the deal to make there profit so cap means nothing to them anymore, its all about economy of scale, buyers fees are for nothing delivery is a deal as your buying lorry loads at a time, valeting companies all want your business, whilst there dropping off all the new cars there taking away your part exchanges for no doubt another next to nothing deal. I see it happen locally to me day in day out, this then takes all the grade 1-2 cars out of reach for most of us leaving a huge shortfall and pushes 3-4 grade cars over cap as well you cant sell empty spaces so have to buy something.