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Smart Shopper Stories from the Sales Frontlines
47811 messages, Last post on Nov 21, 2009 at 8:49 PM
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Replying to: explorerx4 (Jan 12, 2009 7:00 pm) the reason the bottom fell out of prices: you actually had to be able to take delivery of the oil. Yes, you are close and even more amazing...prices kept spiking while demand was way down. It could have been the oil speculaters that started the real recession, but I think the banks would have done that anyway. We need watchdogs to inspect everything - the system is too complicated and can be easily manipulated. Capitalist system is great, but needs some tweeking. 
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Replying to: driver100 (Jan 13, 2009 4:23 am) I think the watchdogs are the problem - they complicate the system to manipulate it for kickbacks. To quote Ronald Reagan, "Government is not the solution to our problems - government IS the problem" We might be in this recession anyway, but banks weren't lending to subprime borrowers before the government started doing it in the late 1990's - they just needed to compete. Tying the topics together, I helped the economy by purchasing a new car (did I mention that already?) 
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Replying to: driver100 (Jan 13, 2009 4:23 am) This is my personal favorite! The electric company needed to raise rates when oil prices went up, to cover their "generation costs". (Call it what it is, "we want a slice of this pie") I notice the generation rate has not decreased since oil went down. In fact, they want to raise rates again, citing the following reason: "People are using less, so we need to charge more to keep profits up"  This is after telling us for years that we need to conserve to save money - I especially like the full color brochures they send every month telling me how to save money by conserving electricity and using energy efficient appliances. To stay on topic, the money I save by using less power (both gas and electric) is used to wash my cars more often. |
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Replying to: snakeweasel (Jan 12, 2009 7:22 pm) Yes, you can - for any reason, actually. They send me invitations to repurchase my Elantra all the time. They will buy it for $17,000 (which is more than I paid for it new) minus 25 cents per mile driven That's right, $17,000 is what they will buy back my car for minus fees, and wear and tear charges, etc.. So the grand total for my 07 Elantra Limited would be around $5K less than book value - sign me up! |
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Did anyone see the BYD (Build Your Dream) electric cars...being made in China. They look great and..... BYD E6 Electric Vehicle Specifications So far, all we know is that the E6 will be a 5 seater with an acceleration of 0 to 100 kph of around 10 seconds. Top speed should be top speed of 160 kph (100 mph), and the battery pack, which is located under the rear passenger seats, will be based on BYD's own lithium-ion iron phosphate technology. Range per charge is expected to be 300 km (186 miles). But most impressive of all: "BYD projected the battery had a life of 2,000 cycles, for a lifetime range of about 600,000 km (373,000 miles)" Wow! Even if thats just half true, it's still pretty good. BYD Cars sell for about $22,000. Now, where does this leave the Volt at 40 miles. By the way, you just plug this little sucker into a standard wall outlet. The company made batteries for cell phones before. We'd be better off lending these guys a few billion $$$$$s 
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Replying to: percussionist (Jan 13, 2009 5:36 am) Actually, that's not too bad. You are just paying for the mileage used which seems reasonable, if you need a car and are worried about your job. There were times when I needed a car, wasn't sure about my job, and this would have looked like a pretty good deal.....I would have to read the fine print carefully though! |
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Replying to: percussionist (Jan 13, 2009 5:36 am) Where is the $5K "below book"? What book? No, my friend, $17K-$5K=$12K would a great deal for returning your '07 Elantra with 20 thousand miles and no questions asked. Check your math again.
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Replying to: snakeweasel (Jan 12, 2009 6:10 pm) 
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Replying to: driver100 (Jan 12, 2009 6:47 pm) The part that bothers me the most. none of the firms who were knee deep in bidding up the price of oil this past Spring/Summer, would comment. So, Billions of Dollars were bilked out of the public, worldwide. And, no one who was a participant, is willing to comment. Even OPEC said at the time that the run-up was the handiwork of financial institutions. Yet, no one is to blame....no one will take responsibility....no one knows who, or why it happened. Isn't it funny that the current drop in price coincides with a certain TX oil man leaving the White House. BTW, Richard.....I just spied a brand spanking new Black GM on the lot at my nearest LM dealer last night.
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Replying to: dino001 (Jan 13, 2009 7:25 am) Sorry, I left out that this car has 46,000 miles on it - so the deduction for miles would be $11,500, leaving me with $5500. The Kelley Blue Book TRADE value is $7850, so my math was off, but it's still not a great deal. What I mean is, I could trade it in or even outright sell this car to a dealer and get more money than this offer. Just sharing the fine print.
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