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To: MulhollandDrive who wrote (5298)	5/4/2006 1:09:05 PM
From: Oral Roberts	Read Replies (2) \| Respond to of 14758

I would bet 70% of the cars less then 3 years old are seriously upside down with their financing. I still have a lot of ties in the dealership business and people have gotten so bad on their last 3 trades that some are financing 110% of sticker and then doing it for 7 years. Hell they won't have equity until the last payment is made if the car is even on the road anymore at that point.

To: MulhollandDrive who wrote (5298)	5/4/2006 1:17:38 PM
From: Alan Smithee	Read Replies (3) \| Respond to of 14758

that said, for now, i think prices have to go considerably higher for people to dump their current vehicles (especially if they happen to be upside down on their financing like more and more seem to be) Our bookkeeper bought a H2 last year (maybe it's time to audit the books...). Don't think she's too happy these days. You're right, there will be a lot of people upside down on their financing on these megamobiles, which will create some problems for them. The other consequence of high fuel prices, unfortunately, will be further problems with the airline industry. They cannot avoid raising prices. Prices for airfare are already high enough I'm sure some people are changing their travel plans - I know I'm debating not taking my usual trip with the kids this year to visit family in Michigan. Not sure where this is heading from the point of view of the airlines, but it does not look good to me.

To: MulhollandDrive who wrote (5298)	5/4/2006 1:19:50 PM
From: michael97123	Respond to of 14758

I am the guy who wants gas at $3 and above. I get nervous if we start locking in $4. Do no harm requires that we dont drive the economy into a gasoline induced recession. So somewhere a bit higher than $3 is as far as I will go.