Originally posted by: Carbonyl
Then it does'nt deprecite does it
I think we're on the same track. I edited my old post after ou replyed. Go check it again.
Originally posted by: scorp00
If you show up willing to pay cash, then it will almost always be cheaper. They might sell it to you for blue book and 0%, but if your going to pay cash then you'll get it for a few grand under blue book.
0% is just a marketing tool. In the past you'd get a cheaper car and an interest rate. Now they just charge you more and give you 0%. Your not really making out, just seems that way. The dealerships will get their money.
Mine is even cheaper than I amOriginally posted by: Carbonyl
If you are in a field such as real estate, which relies on image and it's important you pick up clients in a nice new vechile to establish credabilty and make clients feel comfortable and at-ease.
All other things being equal, if I come up with my 82 camaro with the shocks shot and the other guy rolls up in a brand new Lincoln. It is more likly than not the salesman driving the Lincoln will close a deal than I would. In effect his car helped him make money.
Now if you just have a regular job at the same place everyday, say a factory, you're driving that 82 Camero has no bearing on your financial gain or loss. You'd be stupid to buy a lincoln in this case rather than investing the potential car payment in securities.
Now of course most people like to look pretty so car buying is a personal decison that only affects when you choose to retire and what kind of woman you pick up in the interm
100% !!!!! Join the ATIC!!! Unless you already have
Originally posted by: kherman
Originally posted by: Carbonyl
If you are in a field such as real estate, which relies on image and it's important you pick up clients in a nice new vechile to establish credabilty and make clients feel comfortable and at-ease.
All other things being equal, if I come up with my 82 camaro with the shocks shot and the other guy rolls up in a brand new Lincoln. It is more likly than not the salesman driving the Lincoln will close a deal than I would. In effect his car helped him make money.
Now if you just have a regular job at the same place everyday, say a factory, you're driving that 82 Camero has no bearing on your financial gain or loss. You'd be stupid to buy a lincoln in this case rather than investing the potential car payment in securities.
Now of course most people like to look pretty so car buying is a personal decison that only affects when you choose to retire and what kind of woman you pick up in the interm
OK, we're on the same page
, I only buy one other stock from some old dude in Arkansas I have been considering franchisis though but I like my job..Originally posted by: Carbonyl
Then it does'nt deprecite does it
Originally posted by: NogginBoink
Originally posted by: Carbonyl
Then it does'nt deprecite does it
Methinks Carbonyl doesn't know what depreciation is.
Take a new car, get a 0% loan on it. Let's assume you pay $20,000 for it.
Drive it off the lot. It's now a used car. Try to sell it. You'll get, at most, $15,000 for it. (This is of course an abstract example.)
The car is worth LESS now than it was worth when you bought it. That's depreciation.
No matter what the interest rate on the loan is, the car has depreciated in value. And now, you owe more on the loan than the car is worth. So, if you wanted to get rid of the car right now, you'd not only have to sell it, but you'd need to come up with an ADDITIONAL $5K out of your pocket to pay the balance of the loan that the selling price won't pay.
From a PURELY ECONOMICAL perspective, buying a new car is almost NEVER a good move, because almost EVERY new car goes through the scenario I just described. (Used cars usually do the same thing, but since they depreciate at a slower rate than new cars (in general), the economic impact is lessened.)
Those of you who want to buy new cars at zero percent are free to do so, and you'll get enjoyment out of your new car, but it's probably not an economically sound decision. (Of course, the decision on what car to buy isn't a purely economic decision and I'm not saying it should be.)
And, it puts late model low milage used cars on the market for buyers like me!
Originally posted by: kherman
Originally posted by: scorp00
If you show up willing to pay cash, then it will almost always be cheaper. They might sell it to you for blue book and 0%, but if your going to pay cash then you'll get it for a few grand under blue book.
0% is just a marketing tool. In the past you'd get a cheaper car and an interest rate. Now they just charge you more and give you 0%. Your not really making out, just seems that way. The dealerships will get their money.
I don't get it, can't you still baragain,then get eth 0% loan????? I just assumed that was the case.
Originally posted by: NogginBoink
Originally posted by: Carbonyl
Then it does'nt deprecite does it
Methinks Carbonyl doesn't know what depreciation is.
Take a new car, get a 0% loan on it. Let's assume you pay $20,000 for it.
Drive it off the lot. It's now a used car. Try to sell it. You'll get, at most, $15,000 for it. (This is of course an abstract example.)
The car is worth LESS now than it was worth when you bought it. That's depreciation.
No matter what the interest rate on the loan is, the car has depreciated in value. And now, you owe more on the loan than the car is worth. So, if you wanted to get rid of the car right now, you'd not only have to sell it, but you'd need to come up with an ADDITIONAL $5K out of your pocket to pay the balance of the loan that the selling price won't pay.
From a PURELY ECONOMICAL perspective, buying a new car is almost NEVER a good move, because almost EVERY new car goes through the scenario I just described. (Used cars usually do the same thing, but since they depreciate at a slower rate than new cars (in general), the economic impact is lessened.)
Those of you who want to buy new cars at zero percent are free to do so, and you'll get enjoyment out of your new car, but it's probably not an economically sound decision. (Of course, the decision on what car to buy isn't a purely economic decision and I'm not saying it should be.)
And, it puts late model low milage used cars on the market for buyers like me!
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