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> It is just a matter of time until people who purchased their cars during chip shortage are massively underwater on their cars.

It's a depreciating asset. You lose 10 to 15 percent when you drive a new car off the lot. Unless it's a classic car, it's expected that you will be underwater.




10 to 15 is a bit different than "massively underwater", I think 30-40% is going to be hard to swallow by most folks.

When you pay $33k for a $23K MSRP car something is really wrong.




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