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#13076 (permalink) |
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an RC irregular
Join Date: Sep 2002
Location: Rancho Cucamonga
Posts: 15,169
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for the last few weeks me and my bro in law been trying to buy a BMW X5 that he can take back to Poland. We have CASH fro the deal!!!
We have been laughed out of pretty much every used car lot. Every price that has been advertised to get us onto the lot is for ridiculous finance deals only. Add on about $3-5k if you want to pay CASH! This country is fucked ... |
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#13077 (permalink) |
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Senior Member
Join Date: Apr 2004
Posts: 10,699
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That's pretty interesting. Can you expand on this story? What kind of financial wizardry* are they coming up with these days?
Anyway, Nashville proper is COMPLETELY out of gasoline. I was able to fill up this morning because one of the two remaining gas stations is down the street from me and I got up early. We called and they said they had about an hour of gas left. hahaha If I didn't need to occasionally drive long distances at work, I wouldn't even bother because the gas is sitting in a barge on the river. It's only a matter of time. The gas disappeared because of panic-buying and a rumor of $5 a gallon gas. It's really disturbing at how utterly dependent this country is on gasoline. If we run out gas for even a short period of time on a large scale, this country IS DONE. Finally, I'm really looking foward to my children and grandchildren paying for not only the WAR ON SADDAM, but the bailout of rogue financial entities and moron consumers. Even scarier is that they'll be paying the money back to China - who will loan it to us in the form of bonds - who have their own inherent problems. In spite of how the media makes China out to be a super power, they're constantly on the brink of a complete meltdown. *wizardry |
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#13078 (permalink) |
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an RC irregular
Join Date: Sep 2002
Location: Rancho Cucamonga
Posts: 15,169
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the logic is that they are waiting for the customer that has shit credit or no credit so they can finance them at 12-15% for long term loans ... you want 7 years? you got it.
your payment for a BMW will be $300 a month ... its super!!! at those rates the lender cuts the dealer in on the huge piece of the interest amount making the dealer reluctant to sell for cash ... or ask for $3-5k extra if you want to pay cash. mind you this is on vehicles that are not moving to begin with ... SU fucking V's !!!! edit: oh yeah, let's not forget that these customers will of course be worried to hang on to this car in the best condition possible for the next 7 years ... and because it is of course a BMW that is of out of factory warranty ... they will be in need of an extended warranty to the tune of around $2000! ... $2000? ... ah no problem, we can include that into your loan ... its only $20 a month extra. so you see the car is really not a profit maker ... but HOW you buy it is. you do the math ![]() Last edited by lurch70 : September 20th, 2008 at 11:32 AM. |
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#13079 (permalink) |
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Senior Member
Join Date: Apr 2004
Posts: 10,699
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Wow. Sad.
I'm done even thinking about cars. Cars as we know it are done. As you know, the the type of car released today is based on what was going on in the world 5 to 7 years ago. Today's economy, dependence on foreign oil, rising prices, etc etc will provide the impetus to produce plug-in hybrids on a mass scale 5 years from now. |
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#13080 (permalink) |
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Senior Member
Join Date: Apr 2004
Posts: 10,699
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http://freakonomics.blogs.nytimes.co...=5070&emc=eta1
long article but worth the time. I especially liked post #26 about Phil Gramm, McCain's economic advisor. That would explain why McCain doesnt "know much about economics" |
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#13082 (permalink) |
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Senior Member
Join Date: Apr 2004
Posts: 10,699
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http://www.bubbleply.com/player.aspx...0-921542072a89
Worth watching even if you don't even know where Nashville is. Plus 50 points if you've actually seen Downfall and plus another 50 if you're an actual Nazi - like me. |
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#13083 (permalink) | |
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Livid Whore
Join Date: Aug 2005
Location: Tooele, Utah
Posts: 9,191
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Quote:
__________________
http://www.myspace.com/erict |
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