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¹ 30-YEAR Payment Example: The payment for a 30-year term, loan amount $362000.00, Rate 6.000%, LTV 80% is $2170.00 for full Principal and Interest Payments with $5419.14 due at closing. The Annual Percentage Rate is 6.228%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.

² 20-YEAR Payment Example: The payment for a 20-year term, loan amount $362000.00, Rate 5.875%, LTV 80% is $2567.00 for full Principal and Interest Payments with $4861.66 due at closing. The Annual Percentage Rate is 6.157%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.

³ 15-YEAR Payment Example: The payment for a 15-year term, loan amount $362000.00, Rate 5.125%, LTV 80% is $2886.00 for full Principal and Interest Payments with $5162.12 due at closing. The Annual Percentage Rate is 5.485%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.

⁴ 10-YEAR Payment Example: The payment for a 10-year term, loan amount $362000.00, Rate 5.125%, LTV 80% is $3862.00 for full Principal and Interest Payments with $5172.98 due at closing. The Annual Percentage Rate is 5.640%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.

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Propelled by Pandemic

The ecommerce sector rose to new heights in 2021. Stimulus checks provided some consumers with extra cash to spend, all while they were largely homebound and, in some cases, spending a lot more time online. Now that conditions have shifted, there’s evidence people are prioritizing services over goods.

This developing trend has forced some ecommerce companies to dip into their cash reserves, a situation some industry analysts describe as potentially troubling, given the current economic environment. While growing companies often face the need to drain cash reserves, if that growth stalls the problem can be exacerbated. The firm may find it difficult to replace those reserves, potentially sending it into a downward spiral.

Buying Cars Online

Digging into the specifics behind what consumers are purchasing, some ecommerce companies may be more at risk than others. For example, the furniture industry has experienced slowed sales growth, which has reportedly forced Wayfair (W) to dip into its cash reserves.

Another sector experiencing a bit of a contraction is used car sales. Throughout the pandemic, used cars hit record highs due to supply chain issues and a shortage of semiconductors. Online used car seller Carvana (CVNA) built its business model on the ability to purchase used cars in bulk, creating the potential to realize profits on individual sales. However, wholesale used-car prices have stabilized recently, limiting their upside. Some industry observers say Carvana and smaller competitor, Vroom (VRM), are both years away from achieving positive free cash flow.

Investor Appetite

Rising interest rates are another challenge ecommerce companies face. Firms would prefer to raise additional capital from new investors, rather than burn through cash reserves, but that’s increasingly difficult at present. Higher rates tend to make growth-based companies, or riskier bets, less attractive.

Still, many analysts remain bullish on the ecommerce sector, recognizing there are numerous financial headwinds at present, which includes the rising-rate environment. It may be wise to approach cash-burning firms with more caution, until market conditions stabilize.

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
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