Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Helping a friend with car purchase fiasco
Old 08-01-2005, 02:37 PM   #21
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Re: Helping a friend with car purchase fiasco

Well, I guess that's why I'm still working.
I also like to buy a manufactures warranty on used cars when I buy them.
__________________

__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Helping a friend with car purchase fiasco
Old 08-01-2005, 02:58 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,251
Re: Helping a friend with car purchase fiasco

Quote:
Originally Posted by 73ss454
Texas
I like the piece of mind of have the extended warranty.* I have used them before and for another 10 or 15 bucks a month, what the hell.
If I lose a transmission at about 45K will you come over and help me put in another one?
Labor in NY is about 102 an hour so it adds up very fast.
Can some one tell me why it's a bad thing for a car dealer to make profit.
Every one else makes profit when they sell an item or preform a service.*
I see it all the time "don't buy the extended warranty because the dealer makes profit".
Last time I looked in front of a dealer I didn't see a Cross or a Steeple.* I don't think car dealers are a non profit organization.
Just my opinion.
JOE
If it gives you piece of mind, then purchase it. It is an insurance policy like any other insurance policy. I am not against the dealership making a profit, just an obscene profit. I have heard that the extended warranty profit is in the 70% to 90% range. So, paying $1,500 for an extended warranty that "should" sell for about $500 is a ripe-off. Again, very few people will have to use their insurance policy and over time you will be losing money.

A question back to you... how many cars have you replaced a transmission in the extended warranty period? The only time I needed a major repair like that was at 120,000 miles... Or, how many times have you had any major repair in the warranty period? And what would it have cost you to fix if you did not have the warranty?
__________________

__________________
Texas Proud is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-01-2005, 03:00 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,251
Re: Helping a friend with car purchase fiasco

Quote:
Originally Posted by 73ss454
* I don't think car dealers are a non profit organization.
Just my opinion.
JOE
Opps... forgot to say... they are not 'non profit organizations'... they are tax exempt organizations... most make a very good profit.. look at the churches and hospitals who make millions
__________________
Texas Proud is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-01-2005, 03:13 PM   #24
Thinks s/he gets paid by the post
greg's Avatar
 
Join Date: Jun 2005
Posts: 1,071
Re: Helping a friend with car purchase fiasco

Quote:
Originally Posted by 73ss454

Can some one tell me why it's a bad thing for a car dealer to make profit.
I think everyone understands the idea of profit, making a living. What bothers me about car dealers is the greasiness involved in the process: First, they attempt to tell you it's the nicest vehicle in the world, e.g. only driven to the liquor store on Saturday nites by a little old lady. Second, the fact that you can never pin them down on a straightforward deal where the salesman doesn't do add ons at the closing or other mental games during the process. Third, everything else that's hidden from view.

Add in all the other factors such as the greasiness of trying not to appear greasy and you end up feeling . . . um . . . not so good as a buyer.

It's kind of like buying annuities or services from a financial planner. A straight, honest deal would be appreciated, but because these markets are so tainted today, the only people who tend to survive at these selling games are the less than honest ones. Even Consumer Reports can only peel back one, maybe two, layers. Every smart buyer walks into the process tense and on guard, looking for what's hidden--not a good experience.



--Greg
__________________
Compounding: Never forget! Never not remember!
greg is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-01-2005, 04:01 PM   #25
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Re: Helping a friend with car purchase fiasco

Greg,
Why don't you just walk in and pay list price.* This way you don't have to haggle and get yourself all upset.
You should be able to get enough info from the internet to make a reasonable decision.*
Who do you think sells cars?* *I don't think any of them have MBA's.
Sorry to hear they get you so confused.
Regards,
JOE
__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-01-2005, 04:10 PM   #26
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Re: Helping a friend with car purchase fiasco

Texas,
You don't buy life insurance to hope you drop dead, and you shouldn't buy home owners insruance to hope your house burns down.
As far as using my warranty I havn't yet but the car is only 3 years old and I bought 2 years old.* I've had it a little over a year now.
Hope I don't have to use it but if I need it I have it.
In the past I put a transfer case into* an Explorer that I had.* Also an A/C compressor in Nissan a few years back.* Maybe I'm about even but if it cost me a few bucks I like the piece of mind.
Regards,
JOE
__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-01-2005, 06:45 PM   #27
Thinks s/he gets paid by the post
greg's Avatar
 
Join Date: Jun 2005
Posts: 1,071
Re: Helping a friend with car purchase fiasco

Quote:
Originally Posted by 73ss454
Greg,
Why don't you just walk in and pay list price. This way you don't have to haggle and get yourself all upset.
You should be able to get enough info from the internet to make a reasonable decision.
Who do you think sells cars? I don't think any of them have MBA's.
Sorry to hear they get you so confused.
Regards,
JOE
I personally think it's a multi-level game of hide the potato. Some think it isn't. I wish both goups only good outcomes.

--Greg
__________________
Compounding: Never forget! Never not remember!
greg is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-01-2005, 07:51 PM   #28
Thinks s/he gets paid by the post
JPatrick's Avatar
 
Join Date: Jun 2005
Posts: 2,494
Re: Helping a friend with car purchase fiasco

Myself, I'd kind of like to hear how the original problem turned out per post #* 1.
How bout it wanderalot- - how'd it turn out for you??
__________________
JPatrick is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-02-2005, 01:25 PM   #29
Full time employment: Posting here.
 
Join Date: Sep 2004
Posts: 607
Re: Helping a friend with car purchase fiasco

Quote:
Originally Posted by JPatrick
Myself, I'd kind of like to hear how the original problem turned out per post # 1.
How bout it wanderalot- - how'd it turn out for you??
It looks like the she was able to get out of the deal. She just called them up and told them that she wasn't interested at the price that they offered. I used this opportunity to subtlely suggest that a person in her circumstance (low income, some debt, no retirement savings etc) shouldn't be buying a new car ... to no avail. She was supposed to go in and start the negotiation process again, but we don't know what happened since we were very busy this past weekend.

Interestingly, I looked around on the net and it looks like she got a pretty good price, but I still can't explain why they would offer such a good price when she didn't even negotiate.

BTW, I showed both her and my wife this thread and both of them had the following
reactions:

"So you and these people sit around all day talking about retirement?"

"Are they are computer geeks or engineers?"

"Why does everyone have funny names ??"

I think I'll just keep this forum to myself from now on! :
__________________
WanderALot is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-02-2005, 02:53 PM   #30
Thinks s/he gets paid by the post
JPatrick's Avatar
 
Join Date: Jun 2005
Posts: 2,494
Re: Helping a friend with car purchase fiasco

Quote:
Originally Posted by WanderALot
It looks like the she was able to get out of the deal.* She just called them up and told them that she wasn't interested at the price that they offered.* * I used this opportunity to subtlely suggest that a person in her circumstance (low income, some debt, no retirement savings etc) shouldn't be buying a new car ... to no avail. She was supposed to go in and start the negotiation process again, but we don't know what happened since we were very busy this past weekend.

Interestingly, I looked around on the net and it looks like she got a pretty good price, but I still can't explain why they would offer such a good price when she didn't even negotiate.

BTW, I showed both her and my wife this thread and both of them had the following
reactions:

"So you and these people sit around all day talking about retirement?"

"Are they are computer geeks or engineers?"

"Why does everyone have funny names ??"

I think I'll just keep this forum to myself from now on!* *:
Glad she slipped out of the deal and that you tried to save her from herself.
Some dealers are no haggle and you can walk in and get a reasonable deal, but probably not a great deal.* However, one of the really big risks is the deal that provides a nice price, but comes back to bite you with myriad extras like fabric protector etc.
As far as the people on this board- - - -I have found that I am probably the only truly normal person here. Now, perhaps with you here wanderalot we may have two
__________________
JPatrick is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-02-2005, 03:21 PM   #31
Thinks s/he gets paid by the post
greg's Avatar
 
Join Date: Jun 2005
Posts: 1,071
Re: Helping a friend with car purchase fiasco

Quote:
Originally Posted by JPatrick
I have found that I am probably the only truly normal person here.
My 'truly normal' is bigger than your 'truly normal.'
__________________
Compounding: Never forget! Never not remember!
greg is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-02-2005, 03:30 PM   #32
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,068
Re: Helping a friend with car purchase fiasco

Quote:
Originally Posted by Apocalypse . . .um . . .SOON
My 'truly normal' is bigger than your 'truly normal.'
It appears you are both type "AB-normal" 8)

REW
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Helping a friend with car purchase fiasco
Old 08-02-2005, 03:33 PM   #33
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Helping a friend with car purchase fiasco

Normal should be stamped out - or at least aggresively resisted.

ER is not NORMAL!

Of course - there is more of 'Them' than us - soooo - perhaps a low profile is the better path.

Heh, heh, heh, heh.
__________________

__________________
unclemick is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
MY "best" friend really baffles me. Friends? hmmm... (long) thefed Other topics 37 09-21-2007 05:36 PM
the compromise car - pictures added lazygood4nothinbum Other topics 23 04-09-2007 11:47 AM
$300/mo car loan to save $100/mo gas? green1 Young Dreamers 16 06-20-2006 11:48 AM
Son's Car Wreck SteveR Other topics 23 02-24-2006 04:12 PM
Used Car Purchase ferco FIRE and Money 5 02-25-2005 03:27 AM

 

 
All times are GMT -6. The time now is 05:53 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.