Posted on 11/30/2016 10:18:58 AM PST by SeekAndFind
That’s probably a good thing. The used car market still hasn’t recovered from the cash for junkers purge. The primary source for used cars right now are rental companies, so the usage is high mileage and pretty expensive. I had to buy a car last year and was intending on going used (as I usually do) but the used market is so grossly overvalued I went new. Basically for $3G more I got a car 3 year younger car with 50,000 less miles plus all the warranties.
Sucks for the lenders. Me? Not so much.
I got a used Apple 5S last summer. The landline was costing me a minimum of $30 a month. I downgraded my internet to the slowest speed. It works just fine. My total out of pocket expenses for communications are about the same. I also have a backup if I cable goes out..
You're correct - the price of used cars now is (and has been) stupidly high. That's my point - in 6+ months will we see a flood of repo cars hitting the market and /or under-water owners looking to sell?
The new trucks came about because of Marines being deployed to Iraq and Afghanistan and not having anywhere to spend the Imminent Danger Pay they received. It happened all over the Marine Corps. Many of them paid cash for their vehicles.
What’s a blister car?
You’re lucky. After I make my payment tomorrow, I still have 25 more to go. :(
heck I know folks who have bought cars, never paid, then turned the car in to dealer over court order, and bought another car from them, rinse, lather, repeat..
I’m not ‘lucky’.
I worked hard and paid for it.
I bought a new car back in the 90’s and was washing it when a neighbor lady walked by and said “you are sooooo lucky to get a new car!”
I bit my tongue and said thank you, but I wanted to scream at her, “WHAT PART OF WORKING HARD AND ENJOYING THE FRUITS OF MY LABOR DO YOU NOT UNDERSTAND?”.................
I’m working hard, and paying for mine too. I just meant you’re lucky to have made your last payment.
Well that plus regular pay. Point is, these Marines had nowhere to spend their money for 9 months. Don’t begrudge them for buying a vehicle after coming home from a combat zone. They pretty much earned it.
Obama phones are crappy little phones. Not sure why anyone would want one.
In the 1980s, during the Reagan administration, the Federal Communications Commission (FCC) created the Universal Access Initiative. The goal was to “promote the availability of quality services at just, reasonable and affordable rates for all consumers.” After years of study, they proposed what we now call the Obama Phone.
Now that it’s paid for, I have to repair it constantly.............But repairs are cheaper than a new car..............
A lot of cars financed are equipped with a device to disable them if the payments aren’t made.
Just a guess, but I’ll bet your credit score is on the north side of 700.
If it was in the 500s, you would have bought a car with twice the options and run it into the ground.
Credit score’s got nothing to do with it. The used market is just very thin right now mostly populated by high mileage cars for only about 20% less of the equivalent new model.
Got no job...we don’t care.
Got a prison record.....we don’t care.
You don’t expect to pay us.....THAT’S when we care!
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