Andres Castro retweeted
i’m giving one of you a fucking ROLEX
like + repost + follow me
one random winner picked 48 hours from this tweet. no purchase necessary
Andres Castro retweeted
If you’re considering financing vs leasing, you’re probably better off leasing.
Leasing is simple:
You pay the difference between the sale price and the residual value with interest.
Residual values are the bank's forecasted depreciation.
The interest you pay is represented as a money factor, for example, .00235.
The interest on a lease is usually higher than a purchase since the bank is taking on additional risk in the form of an option (residual), regardless of the market conditions at lease end.
Long story short:
If the residual value is higher than reality and the interest you’ll pay for the option is worth it, lease the car.
Here’s a simple money factor to APR calculation example: .00235 x 2400 = 5.64
Obviously, there’s additional nuance, but you shouldn’t make it more complicated.
(Photo for MAXIMUM IMPACT)
Andres Castro retweeted
Four automakers are responsible for 84.6% of Q3 recalls (according to NHTSA data):
The culprits?
Tesla (*OTA updates only*): 1.8 million vehicles affected
Chrysler: 1.6 million
BMW: 1.5 million
GM: 520,000
Basically — more tech-advanced vehicles (and regulatory oversight) = higher chance of recalls.
(Data source: BizzyCar)
Andres Castro retweeted
We thought we'd get flying cars.
Instead, the average auto loan rate on a new car has just hit *9.86%* APR.
A 20+ year high... Wild.
(Data via DealerTrack)
Andres Castro retweeted
Average auto loan rates are up (again) 📈
New car loan rate: 9.74%
Used car loan rate: 14.12% (unchanged)
That was a short tax refund season...
Article source: news.dealershipguy.com/p/apr… (APR data via Cox Automotive)
Andres Castro retweeted
Just out — Q1 2024 vehicle recall rankings are in:
Brand Vehicles Recalled
Ford 2.2M
Stellantis 963K
Honda 780K
Toyota 685K
Kia 652K
GM 626K
Hyundai 425K
Mercedes-Benz 281K
Subaru 228K
*Tesla: 2.4M (mostly over-the-air updates)
In total, there were 9.7 million vehicles recalled in the first quarter of 2024.
These figures are derived from three months of NHTSA data, courtesy of the latest report by BizzyCar.
Check out the full analysis here: carguymedia.com/49CSS3B
(Data via CDG Partner: @Bizzy_Car #BizzyCarPartner)
Andres Castro retweeted
Here are 15 quotes by Winston Churchill that give me goosebumps every time I read them.
Don't just read them, absorb them.
Andres Castro retweeted
All I can say is WOW.
Just finished speaking with Doug Eroh, President of Longo Toyota.
Longo is the biggest Toyota dealership in the WORLD.
How big?
— The dealership has a Starbucks and DMV on-premises and its own exit off the highway!
— The guy has 6,000 deposits on Toyotas right NOW.
— Some of his salespeople speak 30+ languages. (You read that correctly)
It gets even better...
Doug is so crazy about customer experience, that he ran a process to determine what's the right type of toilet paper they should use in their dealership bathrooms (I confirmed it's not 1-ply).
This episode on the @CDG_Podcast is going to break people's brains.
It's so good... Stay tuned
Andres Castro retweeted
Average APR on used cars in Q4:
11.6%! (new record)
All-cash buyers are in the driver's seat.
(Source: Edmunds)
Andres Castro retweeted
This is how the Japanese national team left its locker room after beating Germany this morning 👏
(📷: FIFA)
Andres Castro retweeted
CAN ANYONE HERE SPEAK TO THE QUALITY OF A @Wawa CHEESESTEAK? ASKING FOR A FRIEND.