Questions you want answered.

Zeldman said:
Why couldn't they leave the dimmer switch on the floor.?? Now I gotta take my hand off the steering wheel to flip the bights on, or off...
Click to expand...
Eh, kids these days will never know the joy of switching knees on the steering wheel because it’s time to shift a manual transmission with a burger in one hand and a milkshake in the other.
 
why does it seem like most new vehicles these days are $50,000*


*that's "at or above fiddy grand". minimum.
 
eman1200 said:
why does it seem like most new vehicles these days are $50,000*


*that's "at or above fiddy grand". minimum.
Click to expand...
That's $16600 in 1985 dollars.
For reference, a 1985 Ford Taurus was between $13000 for the base model and $24000 for the top model.

It's just that most people don't process inflation in their heads. Usually the same people that keep telling us they were paying $15/hr to rent a 150 in 1975, plus another $8/hr for the instructor.
 
1975 C150 $10 for plane wet and $5 for instructor. But it was a 1961 model.
 
AV8R_87 said:
That's $16600 in 1985 dollars.
For reference, a 1985 Ford Taurus was between $13000 for the base model and $24000 for the top model.

It's just that most people don't process inflation in their heads. Usually the same people that keep telling us they were paying $15/hr to rent a 150 in 1975, plus another $8/hr for the instructor.
Click to expand...
nope, sorry. was on a toyota lot today. some tacos were 60+ grand. that's not inflation, that's insanity. 5 or 6 years ago they were half that price.
 
eman1200 said:
nope, sorry. was on a toyota lot today. some tacos were 60+ grand. that's not inflation, that's insanity. 5 or 6 years ago they were half that price.
Click to expand...

Then don't buy one. Prices will rise to whatever the market will bear. We need to stop bearing insanity.
 
Half Fast said:
Then don't buy one. Prices will rise to whatever the market will bear. We need to stop bearing insanity.
Click to expand...
Not to mention 7 to 10% interest on the financing now, and on top of massive loan terms. I heard someone talking about an 84 month loan on a new car. Craziness.

Depending on the numbers, by the end, you can easily pay almost double the sticker price.
 
AV8R_87 said:
Nothing beats the craziness of leasing a car as a private owner who isn't writing it off as a business expense.
Click to expand...
But how else would you suggest people drive status symbol SUVs around the 'burbs that they couldn't otherwise afford?
 
Baked Potato said:
Not to mention 7 to 10% interest on the financing now, and on top of massive loan terms. I heard someone talking about an 84 month loan on a new car. Craziness.

Depending on the numbers, by the end, you can easily pay almost double the sticker price.
Click to expand...


I always finance a car 100% and let them play their games with the interest, terms, etc... so I an beat them up on the price... then when the first payment is due I call for the payoff amount and do a wire transfer from my bank to pay it off...

Lat car was the Toyota Sienna.. the loan notice came a week later, and we paid it off the next day... Got a call from the finance guy at the dealership... at least I thought it was as it was very hard to delineate if I was talking to an upset Donald Duck or Porky Pig.. Last thing he heard was "click."
 
Baked Potato said:
… I heard someone talking about an 84 month loan on a new car.…
Click to expand...
Those terms have been around for a few years now while the average new car loan term is between 65 and 72 months today.

I don’t have a problem if folks want to go into debt for nearly a decade on a depreciating asset, but that’s not my cup of tea.
 
TCABM said:
I don’t have a problem if folks want to go into debt for nearly a decade on a depreciating asset, but that’s not my cup of tea.
Click to expand...

Agreed. If I have a vehicle in the yard I want it to be such that nobody has the right to come and tow it away for a missed payment or two.
 
Why is the third alcoholic beverage so much stronger than the prior 2? Is the bartender offended that I keep ordering and trying to up the ante
 
Daleandee said:
Agreed. If I have a vehicle in the yard I want it to be such that nobody has the right to come and tow it away for a missed payment or two.
Click to expand...

???

you don't think the note holder has the right to be paid? you don't think the borrower should be held conditions he agreed to when getting a lone?
 
Bob Noel said:
???

you don't think the note holder has the right to be paid? you don't think the borrower should be held conditions he agreed to when getting a lone?
Click to expand...
Sarcasm
 
Racerx said:
Why is the third alcoholic beverage so much stronger than the prior 2? Is the bartender offended that I keep ordering and trying to up the ante
Click to expand...
After the second one he knows you're serious.
 
Ventucky Red said:
Lat car was the Toyota Sienna.. the loan notice came a week later, and we paid it off the next day... Got a call from the finance guy at the dealership... at least I thought it was as it was very hard to delineate if I was talking to an upset Donald Duck or Porky Pig.. Last thing he heard was "click."
Click to expand...
I don't know how it works now, but it used to be the commission on the sale is higher if the salesman sells the car on dealer financing. And as long as the buyer keeps the dealer financing for 3 to 6 months, the salesman collects the higher commission. By paying the loan off right away you took money out of the salesman pocket.
 
Zeldman said:
I don't know how it works now, but it used to be the commission on the sale is higher if the salesman sells the car on dealer financing. And as long as the buyer keeps the dealer financing for 3 to 6 months, the salesman collects the higher commission. By paying the loan off right away you took money out of the salesman pocket.
Click to expand...
With the last car we financed we were told we could pay it off the next day and they’d still get their cut. That was a Ford in ‘16, FWIW.
 
Zeldman said:
….By paying the loan off right away you took money out of the salesman pocket.
Click to expand...

giphy.gif
 
Bob Noel said:
???

you don't think the note holder has the right to be paid? you don't think the borrower should be held conditions he agreed to when getting a lone?
Click to expand...

Paid for when it leaves the lot ...
 
Bob Noel said:
???

you don't think the note holder has the right to be paid? you don't think the borrower should be held conditions he agreed to when getting a lone?
Click to expand...
I don't think that's what he meant. I think the borrower has a duty to pay and the lender has a right to expect that and I strongly suspect he does, too. For that exact reason, I would never want to put money into a car that could be taken from me at any time until that loan is paid. When I was a kid, we knew a guy who had bought a car on loan, had 5-6 payments left on it, lost his job and struggled finding a new one, and lost the car. He'd paid every month for ~3.5 years and he was left with absolutely nothing for that.
 
Half Fast said:
A well-placed shot at nearly a quarter mile from that short barrel is either amazing skill or amazing luck. Impressive either way.
Click to expand...

Especially with the ballistics of 5.56, anything beyond 300 yards its starting to drop fast!
 
midwestpa24 said:
Especially with the ballistics of 5.56, anything beyond 300 yards its starting to drop fast!
Click to expand...

with standard ball ammo, sure. But the 5.56 can certainly shoot accurately out to 600yds... with the right bullet and load.
 
AvNavCom said:
I'll start:

Has anyone used/owned an electric zero-turn mower? I need to get a mower to take care of about 1-1.5 acres of relatively flat grass (one small area with a probably 40-45 degree slope). I have an electric push mower that has done a fantastic job for smaller lawns, but this big one is sucking my soul (and time). I like electric for the quietness, low maintenance, and easy "fueling". Not thrilled with the wildly expensive price. On other hand, I can spend half as much on a gas zero-turn, or even less for a gas tractor type. Any recommendations?
Click to expand...
I have a friend that bought an electric ZTM from Costco eight months ago to mow 1½ acres. He returned it last week. It was wholly inadequate for the task.
 
3393RP said:
I have a friend that bought an electric ZTM from Costco eight months ago to mow 1½ acres. He returned it last week. It was wholly inadequate for the task.
Click to expand...
Thanks! I really appreciate the response. I ended up buying a gas tractor-type since it can pull a trailer and has other attachments I can buy. That silly little trailer can haul up to 650lbs and has already saved my back!
 
kyleb said:
What is it with the Youtube and Facebook videos of someone taking a simple task and overcomplicating it so it takes 4x as long to accomplish but the outcome is the same?
Click to expand...
"Check out this amazing life hack!" followed by using rare tools to do something in a completely complicated way that you hadn't thought of before because it's dumb and you can do it way faster with simple tools that everyone has.

But I must admit, I do like the "watching the train wreck" aspect of it enough that I have probably contributed to the problem! But only 1-2 at a time before I'm sick of the stupidity.

Bob Noel said:
but do car manufacturers agree? what about the tesla?
Click to expand...
Even Tesla still has the brake and accelerator where everyone else does, it's just that you don't have to use the brake nearly enough.
 
MauleSkinner said:
With the last car we financed we were told we could pay it off the next day and they’d still get their cut. That was a Ford in ‘16, FWIW.
Click to expand...
Ditto. It may be simply because we haven't bought a new vehicle since 2011, only used. Maybe it's different with "factory financing". We typically finance and pay off early. How early depends on how our investments are doing compared to the interest rate we're paying. I don't like having any debt on the books, but I'll do it if it makes sense for me.
 
DaleB said:
Ditto. It may be simply because we haven't bought a new vehicle since 2011, only used. Maybe it's different with "factory financing". We typically finance and pay off early. How early depends on how our investments are doing compared to the interest rate we're paying. I don't like having any debt on the books, but I'll do it if it makes sense for me.
Click to expand...
I thought with car loans the total interest was figured up front and amortized across the life of the loan, so every payment was the same amount of interest and principal every month? So paying it off early does nothing.

Did that change?
 
EdFred said:
I thought with car loans the total interest was figured up front and amortized across the life of the loan, so every payment was the same amount of interest and principal every month? So paying it off early does nothing.

Did that change?
Click to expand...
That may be a state by state thing? To me, that would be locking you into having to pay the interest and not letting you pay off the loan early to avoid it. 99.9% sure that's not legal in New York for either mortgages or car loans, maybe all loans, as it's predatory and wouldn't let anyone refinance. Banks aren't all that well regulated to begin with, in my opinion. Letting them get away with not letting you end a loan early sounds kinda crazy.
 
EdFred said:
I thought with car loans the total interest was figured up front and amortized across the life of the loan, so every payment was the same amount of interest and principal every month? So paying it off early does nothing.

Did that change?
Click to expand...
I’ve never seen or heard of anything like that, and would never agree to any loan set up that way. Car loans are set up the same as a mortgage; level payments over the life of the loan with the ratio of interest to principal changing every month. The first payment is mostly interest, the last is mostly principal.
 
DaleB said:
I’ve never seen or heard of anything like that, and would never agree to any loan set up that way. Car loans are set up the same as a mortgage; level payments over the life of the loan with the ratio of interest to principal changing every month. The first payment is mostly interest, the last is mostly principal.
Click to expand...
Simple interest loan. Every car/motorcycle I've bought with a loan has been like that.
Payoff = number of months remaining x current monthly payment.
Current one (and the first one I have had in 25+ years) is 0% so paying off early does nothing.
 
You must log in or register to reply here.
Back
Top