Fly the Friendly Skies

lumberjim · 02-10-2006, 02:09 PM

confusing math, poorly explained is most likely to blame. when a trade is in negative equity, you have to increase the trade allowance to cover it, so you don;t have negative numbers on the paperwork. therefore, you must also increase the sale price by the same amount to keep the numbers balanced. the bottom line is the same, but when you look at it later, it can be alarming.

understand?

xoxoxoBruce · 02-10-2006, 02:34 PM

I believe in this case, his payments went up as he expected but later discovered they also added three years. It's quite possible they mentioned it, but he clearly didn't read, or comprehend, before he signed.

I've had the experience of gettting to the signing and the paperwork didn't match the conversation, but that's always the possibility of misunderstanding on my part as much as misleading on their part.
I walked out and went elsewhere one time, when I was certain they lied, but usually I let it go and just decide whether the deal that's on the paper is acceptable or not.
Gotta stop daydreaming about cruising with a new car full of hot babes and read the paperwork.

Elspode · 02-10-2006, 02:48 PM

I'm not real sure I'll ever buy a new car again. It seems like one pays a staggeringly large premium for the most rapidly depriciating consumer item on the planet just to drive new. I think I'm getting a lot more of my money's worth on the used cars I'm driving (and no, I'm not counting the free one, thanks). There are maintenance issues without warranty coverage, to be sure, but then I still have thousands and thousands of dollars in my pocket that I'm not paying out to the dealership and the finance criminals...um...companies.

xoxoxoBruce · 02-10-2006, 03:13 PM

I did the new car every year or two which was costly.
Then the new car and run it till it drops......less costly.
When money got tight (bought a house), for a very long time I’d buy under $1k cars and put the money and time they needed to keep they as reliable as possible.
I saved a ton of money but I did all the work, had good parts connections, always had at least two cars on the road just in case, spent a fair amount on tools and manuals and missed out on a lot of stuff because I had car work to do.
In many instances it was rewarding and even fun.
Now I’m back to buy new and run them till they drop.

Elspode · 02-10-2006, 03:20 PM

Yeah, I was probably being at least a little disingenuous in my prior statement. If money was not a concern, you bet your ass that I would be throwing money left and right on cars. Really exotic, unreasonably expensive, "I've got a little dick, but hey, look at this Lambourghini" type cars.

I like cars, I just don't have car money, and with good cars costing what houses used to cost when I first got married, I'm driving used.

richlevy · 02-11-2006, 05:47 PM

Quote:

Originally Posted by xoxoxoBruce

always had at least two cars on the road just in case,

Weren't the payments on insurance for the extra car about the same as the payments on a new car?

02-10-2006, 02:09 PM	#1
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	confusing math, poorly explained is most likely to blame. when a trade is in negative equity, you have to increase the trade allowance to cover it, so you don;t have negative numbers on the paperwork. therefore, you must also increase the sale price by the same amount to keep the numbers balanced. the bottom line is the same, but when you look at it later, it can be alarming. understand? __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

02-10-2006, 02:34 PM	#2
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	I believe in this case, his payments went up as he expected but later discovered they also added three years. It's quite possible they mentioned it, but he clearly didn't read, or comprehend, before he signed. I've had the experience of gettting to the signing and the paperwork didn't match the conversation, but that's always the possibility of misunderstanding on my part as much as misleading on their part. I walked out and went elsewhere one time, when I was certain they lied, but usually I let it go and just decide whether the deal that's on the paper is acceptable or not. Gotta stop daydreaming about cruising with a new car full of hot babes and read the paperwork. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

02-10-2006, 02:48 PM	#3
Elspode When Do I Get Virtual Unreality? Join Date: Dec 2002 Location: Raytown, Missouri Posts: 12,719	I'm not real sure I'll ever buy a new car again. It seems like one pays a staggeringly large premium for the most rapidly depriciating consumer item on the planet just to drive new. I think I'm getting a lot more of my money's worth on the used cars I'm driving (and no, I'm not counting the free one, thanks). There are maintenance issues without warranty coverage, to be sure, but then I still have thousands and thousands of dollars in my pocket that I'm not paying out to the dealership and the finance criminals...um...companies. __________________ "To those of you who are wearing ties, I think my dad would appreciate it if you took them off." - Robert Moog

02-10-2006, 03:13 PM	#4
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	I did the new car every year or two which was costly. Then the new car and run it till it drops......less costly. When money got tight (bought a house), for a very long time I’d buy under $1k cars and put the money and time they needed to keep they as reliable as possible. I saved a ton of money but I did all the work, had good parts connections, always had at least two cars on the road just in case, spent a fair amount on tools and manuals and missed out on a lot of stuff because I had car work to do. In many instances it was rewarding and even fun. Now I’m back to buy new and run them till they drop. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

02-10-2006, 03:20 PM	#5
Elspode When Do I Get Virtual Unreality? Join Date: Dec 2002 Location: Raytown, Missouri Posts: 12,719	Yeah, I was probably being at least a little disingenuous in my prior statement. If money was not a concern, you bet your ass that I would be throwing money left and right on cars. Really exotic, unreasonably expensive, "I've got a little dick, but hey, look at this Lambourghini" type cars. I like cars, I just don't have car money, and with good cars costing what houses used to cost when I first got married, I'm driving used. __________________ "To those of you who are wearing ties, I think my dad would appreciate it if you took them off." - Robert Moog

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