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Car Talk (Page 12)
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Sep 20, 2016, 03:33 AM
 
Never finance a car, ever. Unless you can get a sweetheart, near-prime rate (like the shit GM used to pull @0.9%), it's not worth it.
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subego  (op)
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Sep 20, 2016, 06:56 AM
 
$0 down, and ultimately 0% interest.

This is "bullshit financing". I did the same with my van.

Too late in the day to wire them the money, so they set up "bullshit financing" purely to make sure she's not a grifter.

Car gets paid in full today, and they rip up the financing.
     
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Sep 20, 2016, 10:45 AM
 
Originally Posted by subego View Post
$0 down, and ultimately 0% interest.
This is "bullshit financing". I did the same with my van.

Too late in the day to wire them the money, so they set up "bullshit financing" purely to make sure she's not a grifter.
Car gets paid in full today, and they rip up the financing.
Why ?

At those rates, keep the financing, put the money in some online checking account that pays some meager interest (e.g. Capital One Checking 0.2%), and set up a direct debit to that account.

Done. You'll be collecting a few $ in interest each year.

-t
     
subego  (op)
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Sep 20, 2016, 11:37 AM
 
The 0% is because they're going to void the contract later today. If they didn't, there'd be interest.
     
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Sep 20, 2016, 01:50 PM
 
Originally Posted by subego View Post
The 0% is because they're going to void the contract later today. If they didn't, there'd be interest.
LOL, if that's how they write the contract (0%), how can they unilaterally void the contract later ?
Only if BOTH parties agree to void the contract, you can follow through.

I think you could pull a fast one on them and later not agree to a new contract.

IANAL.

-t
     
subego  (op)
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Sep 20, 2016, 01:57 PM
 
They didn't write the contract at zero. What makes it zero is as of about 20 minutes ago, it ceased to exist.
     
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Sep 21, 2016, 09:09 AM
 
Originally Posted by subego View Post
It's the perfect way to set him up with chivalry, though.
Autonomy over chivalry.

Edit: her?
He self-identifies as a male so far.
     
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Sep 21, 2016, 09:14 AM
 
Originally Posted by subego View Post
They didn't write the contract at zero. What makes it zero is as of about 20 minutes ago, it ceased to exist.
Uhm, ok.
That's not what you wrote earlier.

You said she was going to get "$0 down, and ultimately 0% interest", "bullshit financing", and then later, that contract would be torn up.

Now it sounds like she got normal financing, but she just paid it off early (on day 2).

-t
     
subego  (op)
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Sep 21, 2016, 10:25 AM
 
It's bullshit financing because nothing is being financed.

If it was normal financing, she would still owe some interest despite paying it off early. The mechanism by which she's not is the voiding of the contact.
     
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Sep 21, 2016, 10:47 AM
 
Originally Posted by subego View Post
It's bullshit financing because nothing is being financed.

If it was normal financing, she would still owe some interest despite paying it off early. The mechanism by which she's not is the voiding of the contact.
Not really. Most car financing contracts don't have an early payoff penalty.
So you only owe for the time that you have financed (borrowed) money.

Even with a regular financing contract, there shouldn't be much "interest" that accrued for 1 day.

So I really don't understand your "bullshit financing" thing, because to me, it sounds like she just has a regular financing contract that she will opt to pay off early, and whatever minuscule interest that accrued for one day will be waived by the dealer.

-t
     
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Sep 21, 2016, 11:03 AM
 
There's a non-bullshit reason to get a one day loan?

As opposed to making a deposit to lock in the sale for 24 hours, and driving off the next day once it's paid in full?
     
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Sep 21, 2016, 11:37 AM
 
Originally Posted by turtle777 View Post
and whatever minuscule interest that accrued for one day will be waived by the dealer.
If the dealership never actually files the paperwork, is the vehicle ever actually financed?
     
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Sep 21, 2016, 12:37 PM
 
Originally Posted by Laminar View Post
If the dealership never actually files the paperwork, is the vehicle ever actually financed?
Right. Probably not. They are just holding it for you.
Or even if you drove off with the car, you wouldn't be the owner yet.
Title hasn't passed.

I guess all the bullshit paperwork / financing contract talk was to impress on the customer that she is locked in and obligated to go through with the sale.

-t
     
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Sep 21, 2016, 12:40 PM
 
Originally Posted by turtle777 View Post
I guess all the bullshit paperwork / financing contract talk was to impress on the customer that she is locked in and obligated to go through with the sale.
Yes, subego made that clear 12 posts ago.

Originally Posted by subego View Post
purely to make sure she's not a grifter.
     
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Sep 21, 2016, 02:38 PM
 
I thought about it a little, and I think they're probably more worried about her changing her mind or attempting to renegotiate. I'm sure it's beaten into sales people the sale's not closed until it's closed.

Still annoying AF from the perspective of someone who intends to do neither.
     
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Sep 21, 2016, 04:29 PM
 
I'm not sure why she had to jump through that paperwork hoop though. Surely a $500 check would have held the car? I bought a car over the phone once with a credit card deposit. Especially since she was going to pay in full the next day.
     
subego  (op)
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Sep 21, 2016, 05:00 PM
 
That's what I was thinking. It's a lot of effort to cover a small potential downside.

Well, again... she backs out that's a big downside for them.
     
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Sep 21, 2016, 06:06 PM
 
Originally Posted by Laminar View Post
Yes, subego made that clear 12 posts ago.
Pardon me for not going back and re-reading every single post of this 12 page thread.

-t
     
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Sep 23, 2016, 12:25 PM
 
     
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Sep 23, 2016, 12:55 PM
 
That's pretty freaking impressive for such a tiny engine.

I kind of expected more speed, though. That's only 30mph more than the Honda V6 that took the the pole at Indy this year, and that car had to make 12 left turns over the course of three laps.

Still, mucho kudos to the nerds!
     
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Oct 12, 2016, 09:47 AM
 
She officially has named her Juke "Judy". Naming means she likes it.

Ironically, she's already quit the job she got it for.

And would be mortified I just told everyone. She feels like a massive loser.

Seems reasonable to me though. She's not going to starve anytime soon, and they pulled a "bait and switch" on her. The organization she worked for is trying to transition people, specifically ex-cons and seniors, out of an "assisted living" situation because it saves them a ton of money. Her job was to be the "assistant", which means taking them grocery shopping, or waiting in line with them at the SSA.

That's a job for a social worker. She's a clinical therapist. There's no actual therapy going on.
     
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Oct 12, 2016, 11:27 AM
 
Our network is hiring a clinical therapist, but she'd need to move to eastern TN.
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Oct 12, 2016, 11:54 AM
 
Originally Posted by Cap'n Tightpants View Post
Our network is hiring a clinical therapist, but she'd need to move to eastern TN.
She's actually very good at it, despite (or perhaps because of) being a total fruitcake.

Her "emergency chute" is actually going to a smaller pond, but she's thinking (hometown) Peoria.
     
subego  (op)
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Feb 18, 2017, 10:46 AM
 
Google keeps on shoving ads for reasonably priced Scions in my face.

Like so...



I wish I was still into driving fast for no reason.


(Update: she found another job, that one turned out almost as bad so she quit. Is about to start a new one... which she is going to take the train to)
     
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Feb 19, 2017, 01:55 PM
 
Llike I said, super fun car. If they made it in a roadster/convertible version I'd likely have one.

After driving that Honda S2000 last year I've been lusting hard. Just not in the cards for me until middle age kicks in, though.
     
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Feb 19, 2017, 02:06 PM
 
It seems like it would be a blast. Almost as important is it has a hood-to-ass ratio I really like.
     
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Feb 22, 2017, 08:34 PM
 


I, uhhh...
     
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Feb 22, 2017, 09:48 PM
 
Drive that around, people will know how brave you are.
     
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Feb 23, 2017, 06:57 AM
 
run
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Feb 23, 2017, 09:01 AM
 
A Mazda RX-8 Boss, that's gonna be a classic one day
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Feb 23, 2017, 09:19 AM
 
I broke my car this weekend.

     
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Feb 23, 2017, 05:09 PM
 
Originally Posted by subego View Post


I, uhhh...
Mine's a little less... "awesome" than that. As a result people will get in it with me.

Am really liking the RX-8. Yes it's not really a normal car in terms of just using it. It's not nearly as quick as the BHP would suggest, but the handling is totally fantastic and the engine makes me smile daily. Will miss the revs when it's gone. Will keep it until spring when other peoples thoughts are turning to sports cars, then get something that does more than 25mpg.
     
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Feb 24, 2017, 12:56 AM
 
This is what ad bot thinks of me now.





I loved driving Celicas in the original Gran Turismo.
     
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Feb 24, 2017, 12:07 PM
 
They're good little cars, but few were able to escape the ricers' scalpels.
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Feb 24, 2017, 12:43 PM
 
It always struck me as the best sportscar for someone who can't really afford to buy a sportscar.

I had an opportunity to drive one a couple years ago, but was drunk, so I turned it down.
     
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Feb 24, 2017, 12:47 PM
 
Ad bot... nooooo!

     
subego  (op)
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Feb 24, 2017, 12:51 PM
 
I think I'm giving Ad Bot a nervous breakdown.

     
subego  (op)
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Feb 27, 2017, 12:34 PM
 
Okay... now Ad Bot is just ****ing with me because it can.

     
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Feb 27, 2017, 10:23 PM
 
Originally Posted by subego View Post
Okay... now Ad Bot is just ****ing with me because it can.

I would never pay more than $1.65 million for a Porsche 918, what a rip-off
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subego  (op)
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Feb 27, 2017, 10:36 PM
 
The original asking price was $2.2MM, so you may be able to wait it out.
     
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Feb 28, 2017, 12:11 AM
 
Originally Posted by subego View Post
The original asking price was $2.2MM, so you may be able to wait it out.
In that case I guess I have to start scrounging for change in the couch cushions then …
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Feb 28, 2017, 04:19 PM
 
A bit steep for a car that had a $940k sticker price.
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Feb 28, 2017, 06:21 PM
 
Originally Posted by Cap'n Tightpants View Post
A bit steep for a car that had a $940k sticker price.
All the hypercars are in huge demand. LaFerraris have appreciated even more.
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Mar 1, 2017, 02:28 PM
 
I know several people who have bought LaFerrari's, P1s, One 1s, and 918s and most have sold them, due to being able to flip them for 2x, or even more, of their MSRP. It's nuts, these carmakers are leaving so much money on the table with their absurdly small production runs. Yeah, yeah, "exclusivity", but they could easily double, if not triple, production and not dilute their brands.
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Mar 1, 2017, 08:05 PM
 
Originally Posted by Cap'n Tightpants View Post
I know several people who have bought LaFerrari's, P1s, One 1s, and 918s and most have sold them, due to being able to flip them for 2x, or even more, of their MSRP. It's nuts, these carmakers are leaving so much money on the table with their absurdly small production runs. Yeah, yeah, "exclusivity", but they could easily double, if not triple, production and not dilute their brands.
Well, in some cases these companies actually make a loss on each car (the Lexus LFA comes to mind). But it does go to show how much more money they could ask for. Porsche even does this on their “moderately priced” cars like the 911 R, GT2/3/4 and the RS models, demand far outstrips supply and even the 911 R instantly doubled in price.
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Yesterday, 07:02 PM
 
Just walked by this...



Looked uncomfortable for someone who isn't built like a jockey.
     
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Today, 01:09 AM
 
The Diablo is much worse, if that's imaginable, and the Countach... well... I'll just say that if they'd been banned under the Geneva convention I wouldn't bat an eye.
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