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Showing content with the highest reputation on 06/17/20 in Posts

  1. 1 point
    I liked the overall jist of your post and it's made me think of a few bits:. - The 50k BBL is very much a self cert affair, what do you turnover and when would you like the money are essentially the qualifying criteria. - While the car auction craziness may end by Aug-Sep the effects of mass redundancies, reduced spending and the inevitable inflation caused from the dishing out of 'stimulus' money haven't been felt yet. So, although we will almost definitely see a CAP price increase now we run the risk later of a massive contraction as demand dries up. Dangerous game to play. - When you attempt to stimulate a market with the kind of hand-outs we've seen (specifically rate relief grants and furlough money) you devalue the currency already in circulation by "printing" more (it's more adding 000's on a computer screen rather than printing). This leads to a rise in the price of goods and services because you need more of the devalued asset to exchange for the thing you want. If you've stimulated a market properly the new "money" will be spent. In the market/ world we're in right now with huge uncertainty (second wave question mark and socio-economic problems globally) I think it's unlikely to see businesses or consumers being frivolous (more a batten down the hatches mentality?). To make matters worse, many who have received this money haven't had it in addition to what they would have had, they've had it in replacement of, so it's been spent in the normal way i.e. all we have is more currency in the system, and the big boys who were allowed to trade earlier than the rest of us or by nature of their business to trade throughout (amazon etc) have likely hoovered up what luxury or recreational spending of that "new money" occurred... and they'll do their best to spend as little as possible of it here!
  2. 1 point
    Personally not offering test drives. Our insurance cost for unaccompanied was very high. I am simply not comfortable with letting people loose in high power vehicles or nice well prepped cars alone. The standard of driving ive seen before on accompanied test drives is low, unknown roads, unknown car etc. I feel the risk of theft is higher. I am aware I could go on a test drive accompanied and have a knife pulled out on me but I think the chances for someone not to return in an unaccompanied demo are quite high. Plus crash damage aswell. We will continue to offer the chance to buy the car and pay for it and then once paid for and on customers insurance they can do our normal test route before confirming they are happy. If they are instant money back. Lack of test drives really hasn't been a deal breaker and most actual buyers are completely fine. I get the impression the ones hell bent on it want to drive a few others anyway.