While You Were Sleeping, Lehman Just Happened...

INVESTMENT WATCH BLOG ^

[Whenifhow]

FYI

[eyeamok]

Automakers are increasingly selling vehicles with 84-month loans

I know a guy that just bought a New Truck with an 8 year loan, 7 years is so yesterday.

[Tilted Irish Kilt]

F15Eagle:"But Obama said everything is great........."

Yeah , I am still waiting for my $2500.oo heathcare savings check promised by Obie
Social Security went up 1.3 % , but medicaid went up 3 %,
which is a loss in anybody's book , except the Fed.Gov

[Toddsterpatriot]

In fact, as the chart below shows, the global dollar economy is not only shrinking fast, but it is doing so at the fastest pace since the Lehman collapse, having shrunk by $4 trillion, or a whopping 5%, in just the last 6 months!

Whoever wrote that is an idiot.

If your currency dropped by 5% against the dollar, that doesn't mean your economy shrank by 5%. LOL!

Zerohedge doesn't mean to be a comedy website, but that's what they are.

[eyeamok]

in the last 15 months I bought 2 3/4 chevy work trucks, I paid cash(check), while I was looking at different dealerships to see who would give the best deal, NONE of them wanted to even talk to me because I WAS PAYING CASH, All they wanted to know was how much could I put down and how long I wanted to finance it for, once I told them I would just write a check for the full amount they blew me off. they earn more money on the financing than the vehicle.

[Tilted Irish Kilt]

F15Eagle:"But Obama said everything is great........."

Sorry , I just found out where my $2500.oo healthcare check went
Obviously, the FedGov. needs it more than me ..
www.http://www.freerepublic.com/focus/f-news/3249278/posts

"The Obama administration on Wednesday paid $490 million in cash assets to Iran and will have released a total of $11.9 billion
to the Islamic Republic by the time nuclear talks are scheduled to end in June, according to figures provided by the State Department.

[SZonian]

Having looked at the prices of new trucks just recently, I’m not surprised he took an 8 year loan...Average price of trucks is around $40k...

But when pricing/purchasing based on monthly payment, one is bound to get the crappy end of the deal.

[Varsity Flight]

We’ve seen this coming in the “Health”(Extortion-Care) Shakedown racket (RICO). Where every NON-Exempt, identified by April 2015, will be forced to have or take out a “loan” on self Extortion-Care.

Ball and Chain, The Work Camp Arbeitsziehungslager

These to also to be sold off as “securities.”

[Tilted Irish Kilt]

The iranians must need that money for rockets and nuclear missles to protect the world from ISIS , ISIL ,... or the Joos , or somebody .

[eyeamok]

3/4 ton Chevy with Service Bed(toolboxes)all around,ladder rack, tow package,AC,cheap radio No Frills Interior. Nothing fancy inside
2013 $33028.61
2014 $35840.45
Out the Door.

[Tilted Irish Kilt]

Varsity Flight:" We’ve seen this coming in the “Health”(Extortion-Care) Shakedown racket (RICO).
Where every NON-Exempt, identified by April 2015, will be forced to have or take out a “loan” on self Extortion-Care.
Ball and Chain, The Work Camp Arbeitsziehungslager"

"the “Health”(Extortion-Care) Shakedown racket (RICO)", and was additionally "BAIT AND SWITCH".
Interesting isn't it that medical expenses are "Bankruptcy EXEMPT" !
Debtors Prison will be re-established , owned and operated by the government who created inflation.
" WORK SHALL SET YOU FREE"
or, else a cumulative, built-up EBT card !

[PapaBear3625]

in the last 15 months I bought 2 3/4 chevy work trucks, I paid cash(check), while I was looking at different dealerships to see who would give the best deal, NONE of them wanted to even talk to me because I WAS PAYING CASH, All they wanted to know was how much could I put down and how long I wanted to finance it for, once I told them I would just write a check for the full amount they blew me off. they earn more money on the financing than the vehicle.

I bought my last vehicle with a loan. Then I quickly paid off the loan. As long as you are only charged interest on the outstanding balance, and you can make balance payments that exceed the specified payment, then you're golden.

Or have auto lenders changed the terms so you are not allowed to pre-pay?

[SZonian]

I was looking at 2015 SuperCrew F150, 5.0L V8, 6.6 ft. bed, towing package, XLT and some other minor amenities...$42k+

Base model was around $32k...top of the line is over $50k...

I have a 2005 F150 SuperCrew XLT 2WD with the 4.6L & 5 ft. bed bought in 2007 for $20k...won’t buy new again. But it does limit your options a bit...need to be able to compromise on options and amenities.

[crusty old prospector]

I pay cash as well. They get incentives when you finance. The minimum number of payments is three months before you can pay it off, at least with Ford.

[LMAO]

You said...
“But Obama said everything is great.........’

This may become another “Mission Accomplished” moment for him. I watched the speech. My guess he is aware that the economic data isn't starting out so well for 2015 and he's trying to get a jump start in blaming others if and when the downturn happens. He knows everything he proposed last night has zero chance in passing so he wants to come back later and say, “I proposed things that would help the economy but Congress refused to pass them.” It won't work but I'm thinking that's the plan

[alexmark1917]

He is the part of the problem

[ziravan]

Next time you buy, take the loan. You can probably negotiate a better deal if the dealer is counting interest payment kickbacks as part of the deal (and he is). Then pay off the loan.

You’ll negotiate a better deal that way.