View Single Post
Old 2008-01-17, 10:22 PM   #14
Kevin M
EJ22T
 
Kevin M's Avatar
 
Join Date: Sep 2003
Location: Reno
Posts: 9,445
 
Car: '93/'01 GF6, mostly red
Class: 19 FP
Default

Regarding loans, I was referring to cars suddenly being far more upside-down upon signing than they currently are. I think car sales would suffer across the board until either lenders considered taxes paid as part of the purchase price and inherent value of the car, or taxes were collected based on the dealer's cost and applied prior to the sale. Adding $4-6000 to the typical loan amount on a vehicle without adding it to the value of the car makes it a lot harder for most people to get a loan with normal down payment amounts as they are today. It's not really an issue about people not being willing to pay it.
__________________
FWD is the new AWD
Kevin M is offline   Reply With Quote