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Smart Shopper Purchasing Strategies - Questions & Success Stories
3884 messages, Last post on Apr 08, 2009 at 1:08 PM
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Replying to: camperd (Apr 10, 2008 5:11 am) Carmax rarely, if ever sells at below market so my guess is that you will be more upside down than you are know.
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Replying to: snakeweasel (Apr 11, 2008 5:02 pm) Snake, "know"? You better hope Richard doesn't read this forum. 
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Replying to: verdugo (Apr 11, 2008 6:24 pm)  That will teach me to post on the fly trying to get out of the office quickly. |
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Replying to: dino001 (Apr 10, 2008 8:54 am) Sure sounds like it. And why not? Who wants to drive around in a sensible mini-van when he can be stylin' in a Caddy. There are a few other things you "mature" car buyers are forgetting: 1. When the bank forecloses on his house because he charged his way into disaster, what would you rather sleep in? 2. When his wife dumps him for the above mentioned disaster which vehicle will he have better luck picking up chicks in? 3. When the repo guys come looking for you which vehicle will have the power to outrun their tow truck? There will always be soup kitchens and flop houses but how often do you get a chance to have a really good car?
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Replying to: camperd (Apr 09, 2008 1:06 pm) One thing that nobody brought up is that you seem to be determined to want to get rid of "negative equity" at all costs, even if it is doesn't make financial sense. From what it sounds like, you want to go from owing $6K to owing close to $30K just so you can say that you aren't upside down on your vehicle. You're going to be taking on more debt, a bigger car payment, and be paying off that car for a lot longer. As harsh as this sounds, it really seems like you want to rationalize the purchase of a luxury vehicle. Look if you want to buy a bling-mobile, then more power to you. However, just don't delude yourself into thinking that somehow this makes good finanicial sense, because it doesn't. It is a vanity purchase, pure and simple. If you want to do something "smart", then continue to pay down your minivan until it is paid off and then drive it until the wheels fall off. That way, you won't have to concern yourself with negative equity. Also, I just wanted to mention that a double digit rate is not a great rate. Either the dealer is trying to pull a fast one, or your credit score isn't the best. Either way, that should be a sign that you should just walk away from this deal and FAST.
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Replying to: humblecoder (Apr 12, 2008 12:27 pm) 
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Replying to: camperd (Apr 09, 2008 1:06 pm) been led to believe you could keep on borrowing money to finance a lifestyle you haven’t earned and can’t afford. Honor the contract on your present vehicle & pay it off. |
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Replying to: dino001 (Apr 10, 2008 8:54 am) You've hit this one right on the head 'dino' and so have the others. The man wants the Caddy. He sure does and why are the rational/mature posters here trying to keep this buyer from getting what he/she deserves? If this continues you’ll have soft heads from beating it against the wall-of-reason and the poster’s head will be as hard as it ever was.  When somebody wants something really bad, they'll always come with those kind of justifications to the point that the dealer is practically paying them to switch . The poster has already given countless reasons why it’s a good deal. But does he/she really know a good deal? With an 18.99% rate what could actually be known. I have to think this rate is out of sight for a reason but the poster says they don’t have a cash flow problem. So, could there be some “fuzzy math” showing its head here? I’m also waiting for the post where this isn’t a sale after all, it’s a give away program that none of us will ever get because we don’t believe in them, Santa Clauss or the Easter Bunny. jmonroe
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Replying to: jmonroe (Apr 13, 2008 12:59 pm) First off no one deserves a caddy or any car for that matter. Secondly if he wants to buy the caddy then he can, no one says he cant. The problem is he is using getting out of being upside down on his van as a reason for buying the caddy. I seriously doubt that he will be getting out from being upside down, I really thing that he will be getting himself deeper in the hole. If he just wants the caddy fine. If he wants to improve his financial situation then its a bad deal, |
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Replying to: snakeweasel (Apr 13, 2008 1:13 pm) You missed where I was coming from here. You don't usually do that so I'll attribute this to the looong tax season. When I said "deserves", I meant, with all the rational advice the poster had gotten he/she still didn't get it. So going further into debt is what was the poster must have wanted. If he wants to improve his financial situation then its a bad deal, That's what we've all said but its fallen on deaf ears.  Aren't you glad the tax season is almost over? My brother can't wait. He said, "there had to have been something added to the water this year because he's had more than his share of wackos compared to years past". jmonroe
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