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TreeEleben t1_iujzopf wrote

Reply to comment by Stretchy_Cat in Car Dealers adding surcharge $5K, $3K over msrp. Is this legal? by reddit_dwhyer

I'm surprised banks will even give loans where the loan amount greatly exceeds the value of the collateral.

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silasmoeckel t1_iuk2y3y wrote

Looked at used car prices? Bought a car for my family 21,500 list and payed that with fee's etc 24k same car on carvana 27k with 1k miles. So going by resale value yup the collateral is worth it.

In normal times the car goes down 5k for driving off the dealer lot.

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