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3884 messages,  Last post on Apr 08, 2009 at 1:08 PM

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#3405 of 3884
Re: Guys [jmonroe] by thenebean
Apr 14, 2008 (6:00 am)
Reply

Replying to: jmonroe (Apr 13, 2008 3:25 pm)

i think a lot of the wackos are coming out this year because in order to receive that tax relief thingy that the pres is handing out, you have to file your taxes this year. we all of a sudden had a bunch of people here questioning tax issues that were issues for many years past, but they never noticed because they didn't file for those years, but because they HAVE to file this year to get that tax relief money, there are just that many more loonies to deal with.
 
sorry to get off topic. im outta here tomorrow anyways - hooray!
 
as far as the advice given above, i agree with pretty much everyone. he seems to be trying to get justification that this is a good financial decision, which it is not. if he just wants the caddy, then that's his business.
 
my two cents...
 
-thene
"cars are great! yay for cars!"
#3406 of 3884
Help with offering for a Saturn Ion by countrytina
Apr 14, 2008 (8:52 am)
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Hi there,
 
I am having my fiance help me in doing all of my initial research but i thought id also post here to get some advice on a ballpark what we should not go above for pricing for the following 2 cars.
 
2004 saturn ion 2 -- 4 dr sedan 63,000 miles.
 
according to edmunds, the delear retail is $8180, the private party is $7120 and the trade in is $5951.
 
We ran an autocheck history report and all is clean it it appears it has only one owner.
 
The dealer is asking $7850 for it.
 
The next car is another saturn ion 1 and 4 dr with 67000 miles on it.
 
According to edmunds, the dealer retail is $6580, the privat party is $5542 and the Trade in is $4389.
 
The autocheck history shows all is clean and dealer bought it at an auction. it appears it was at the auction for 3 months.
 
The dealer is asking $7100.
 
This is new to me and i just want to make sure i am getting a good deal and not going in there and offering something too low either.
 
Thanks in advance,
 
Tina
#3407 of 3884
Re: Help with offering for a Saturn Ion [countrytina] by thenebean
Apr 14, 2008 (9:36 am)
Reply

Replying to: countrytina (Apr 14, 2008 8:52 am)

hi tina,
 
I would suggest also making your post in the "Real World Trade in Values" forum. There are a couple of salesfolks in there that can get you real world numbers on what those cars might be worth, vs. what the books say (which are guidelines). Make sure you are as detailed as possible with describing condition, equipment, trim levels, location, etc.
 
Good luck!
 
-thene
#3408 of 3884
Re: Guys [jmonroe] by oldfarmer50
Apr 14, 2008 (10:42 am)
Reply

Replying to: jmonroe (Apr 13, 2008 3:25 pm)

"...Aren't you glad tax season is over..."
 
Finished mine last night. Proud to say, this year I did them without excessive consumption of adult beverages or using profanity at higher than whisper. It was quite a fight but once again I defeated all that the Feds and NYS could throw at me. I thought about opening the window, tearing my shirt and roaring like a wild beast who has just emerged victorious from a life and death struggle. Instead, I just had a beer.
 
Have you guys considered that the poster wants the Caddy for the tax break that vehicles over 6000 pounds get? Snake can probably advise him on this. Maybe he should get a Hummer too.
#3409 of 3884
Re: Help with offering for a Saturn Ion [countrytina] by oldfarmer50
Apr 14, 2008 (10:58 am)
Reply

Replying to: countrytina (Apr 14, 2008 8:52 am)

"...advice on a ballbark..."
 
It's been my experience that there is at least 20% of the dealer asking price to play with when you start to negotiate. So your $8180 could go for as little as $6600. In the end a lot of other factors will effect the outcome too.
 
More important than price is the condition of the car. It's no bargain to save $1000 on the price and then have to spend $2000 on a bad transmission. Have the car checked out by a professional. $100 spent now might save a lot more later.
 
Good luck.
#3410 of 3884
Re: Guys [oldfarmer50] by jmonroe
Apr 14, 2008 (6:49 pm)
Reply

Replying to: oldfarmer50 (Apr 14, 2008 10:42 am)

I defeated all that the Feds and NYS could throw at me.
 
I got the Feds for a little over a Franklin. I don't live in NYS (it's PA for me) and eveyone over in Stories From the Sales Frontlines has heard about me having to pay 1.5% of my gross for local taxes that weren't deducted. It was my fault for not being observant but I made them wait till yesterday till I wrote the check for that.
 
Maybe he should get a Hummer too.
 
I never could understand why anyone would want an ugly/unreliable beast like that. I always said if you want to drive one of them, the Army and Marines are looking for a few good drivers and they'll let you drive one all day long and at night too in a warm climate.
 
jmonroe
#3411 of 3884
Re: Getting out of an upsidedown situation or close [euphonium] by camperd
Apr 15, 2008 (5:21 am)
Reply

Replying to: euphonium (Apr 12, 2008 7:48 pm)

Wow, you guys are brutal - as far as the hardness of my head, I'm going to have my house foreclosed, I don't deserve a particular lifestyle, etc... as these type of statements come from several posts - I continued sharing more information so that people could have a complete picture of both the vehicle and my situation - the caddy has been sold and not me and I am fine with it - I turned to this forum for advice on real values - oh and by the way yes you can get rid of negative equity without refinacing, paying off a current loan, etc.. - but it does need to be right deal at the right time - hence my original post - as far as the other comments from posters adding their thoughts that frankly were rude and presumptuous about my state affairs I have a debt to income ratio of less than 17 percent - I make well into 6 figues hence my statement of cash flow not being a issue - yes, we made some mistakes that resulted in poor interest rates and we are paying for it - but to try and better's one position is always a good route to follow - I think a good portion of you found this as a opportunity to provide less than fatherly advice as opposed to providing sound insight on the post as questioned - some were kind enough to actually post their opinion on the deal alone and thank you for that -
 
as for the rest of you - quit posting to edmunds at 3 and 4 in the mornig, get a job that pays and then thoughts of foreclosure and destitution and such won't enter your minds when you are invited to provide advice - but this is a public forum and I guess that opens it up to anyone with a computer, internet access and a few penny's of advice to throw out there.
 
so I wish you all the best and I'll gladly seek future advice from another forum hoping that you guys are too tired to post to multiple sites.
#3412 of 3884
Re: Getting out of an upsidedown situation or close [camperd] by grandtotal
Apr 15, 2008 (6:26 am)
Reply

Replying to: camperd (Apr 15, 2008 5:21 am)

As with any internet forum the advise you get is worth exactly what you paid for it.
 
This forum is no different from any other in that people have a tendency to answer the question they think you are asking not the one you are actually asking.
 
Personally, I don't fear a recession because in pure numerical terms the difference between a recession and the normal state of affairs (whatever that is) and indeed between a recession and a 'booming' economy is actually a lot smaller than most people (obviously not the geniuses who post here) realise. When a recession matters is when it affects you personally by depriving you of your livelihood. For everyone else it doesn't matter a whole lot (unless you believe the gloom and doom predictions that appear in the media).
 
#3413 of 3884
Re: Getting out of an upsidedown situation or close [camperd] by verdugo
Apr 15, 2008 (6:46 am)
Reply

Replying to: camperd (Apr 15, 2008 5:21 am)

First of all, I'm glad you didn't turn out to be a troll and you came back and let us know the result.
 
I'm glad somebody else bought the Escalade. You will be better off in the long run.
 
Question for you, could you please offer more details on what you said regarding:
 oh and by the way yes you can get rid of negative equity without refinacing, paying off a current loan, etc.. - but it does need to be right deal at the right time ?
 
I'm not really sure how that can be accomplished.
 
Thanks.
#3414 of 3884
Re: Getting out of an upsidedown situation or close [camperd] by oldfarmer50
Apr 15, 2008 (8:18 am)
Reply

Replying to: camperd (Apr 15, 2008 5:21 am)

"...provide less than fatherly advice as opposed to providing sound insight..."
 
If you want fatherly advice , ask your father. Yes the posters (myself included) can get a bit sarcastic when they see what appears to be someone using a forum to justify a bad financial decision. If I went overboard to point that out I'm sorry and as some one else said, free advice is worth every penny you pay.
 
For what it's worth, if you've made bad financial choices in the past and now have a high interest rate you should use that six figure income to pay off your loans and rebuilt your credit. I know of no way to erase negative equity by borrowing more. Maybe I'm just too worried about foreclosure and destitution to think of one.

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