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Messages Page 2426 of 3201

#24248 of 32000 Re: Long Road [uplanderguy] by lemko

May 04, 2012 (11:15 am)

Replying to: uplanderguy (May 04, 2012 5:34 am)
I could care less about resale. I buy what I like and keep it a long time.

#24249 of 32000 Re: Long Road [uplanderguy] by lemko

May 04, 2012 (11:17 am)

Replying to: uplanderguy (May 04, 2012 8:33 am)
Heck, I'm the kind who would've bought a new 1955 or 1956 Packard while I still could! Now, you wouldn't have caught me in a 1957 and most definitely not a 1958 Packard!

#24250 of 32000 Re: Long Road [busiris] by xrunner2

May 04, 2012 (11:19 am)

Replying to: busiris (May 04, 2012 9:19 am)
Financial planners make money one of 2 ways...either in direct fees, or on fees coming from the trading of YOUR investments....or some combination of the two.
 
Watch Jim Cramer for free on CNBC.

#24251 of 32000 Re: Long Road [uplanderguy] by lemko

May 04, 2012 (11:24 am)

Replying to: uplanderguy (May 04, 2012 11:02 am)
Just make sure this guy isn't your financial advisor...
 

 
"C'mon, give ol' Gil a break!"
..or this guy!
 

 
"Trust me!"

#24252 of 32000 Re: Long Road [xrunner2] by lemko

May 04, 2012 (11:27 am)

Replying to: xrunner2 (May 04, 2012 11:19 am)
JIM Cramer?!?!? I've been watching this guy for financial advice! Oh oh!
 

#24253 of 32000 Re: Long Road [xrunner2] by busiris

May 04, 2012 (11:43 am)

Replying to: xrunner2 (May 04, 2012 11:19 am)
Regarding Mr. Cramer...
 
http://www.usatoday.com/money/perfi/columnist/krantz/2006-04-03-jim-cramer_x.htm-
 
Pay special heed to the last 2 paragraphs in the article. They hold true today...

#24254 of 32000 Re: Long Road [uplanderguy] by busiris

May 04, 2012 (11:46 am)

Replying to: uplanderguy (May 04, 2012 11:02 am)
Nor is he the stereo-typical investment advisor. You appear to have an investment "councilor" rather than an investment advisor. That's good for you that you have someone you can trust who isn't depending on you for his income.
 
Ask him about the time value of money equations and see how he responds.

#24255 of 32000 Re: Long Road [lemko] by ateixeira

May 04, 2012 (11:56 am)

Replying to: lemko (May 04, 2012 11:15 am)
I could care less about resale. I buy what I like and keep it a long time.
 
I had a car totalled once and didn't have a choice, so it can matter even with your strategy.
 
Having said that, I got enough of a discount when it was new that it didn't matter.
 
Attn: bargain hunters - the Malibu Ecos are arriving, so the old ones are being cleared out. The local dealer has the new ones for $26k. The old ones start at $18.9k, for a car with a sticker over $24k! Yikes, $5 grand off, fire sale!
 
$7100 buys a lot of gas, in fact I doubt most people will ever break-even. Unless you much prefer the new design...
 
Edit: EPA says the new one will save you $200 a year. So you would break even in your 36th year of ownership, or at 532,500 miles.

#24256 of 32000 Re: Long Road [ateixeira] by lemko

May 04, 2012 (11:59 am)

Replying to: ateixeira (May 04, 2012 11:56 am)
Ever hear of something called gap insurance? For a modest fee it's worth it if your new car is totalled or stolen.

#24257 of 32000 Re: Long Road [lemko] by ateixeira

May 04, 2012 (12:02 pm)

Replying to: lemko (May 04, 2012 11:59 am)
Nah, this was a cheap car and the loan was modest. I paid it off in 17 months.
 
Good thing was I kept it for 7 years. It really let me get ahead on other things financially. I was able to pay cash for its replacement.

Messages Page 2426 of 3201

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