I understand the allure, just surprised how many folks don’t realize they are paying for the “free” financing, plus many then over-buy under the theory it’s “free” money. And then we wonder why most Americans don’t have a 60 day emergency fund or any retirement savings. We need better Econ training in school.
I partially blame the television for our highly consumptive culture. People are embarrassed to drive old beat up cars. When I was a boy 50 years ago we used to pop rivet Strohs beer cans over rust holes (Strohs had the heaviest metal) in our cars so they would pass the annual State inspection. I didn't care to much then and I don't care too much today about cars or modifying a tractor to suit my needs. I just buy used stuff usually and see how long I can keep it goin with as little fuss as possible. I screw off in the woods and own a tractor and upon reflection its all probably been a waste of time. It is fun and probably accomplishes the same thing as psychotherapy. Your life is your life. Try to make it count. Do something creative. Think big.
True, but neither is making a purchase on a line of credit, not a lot of people have that kind of money just lying around. You may at best save a couple of points.
Lol, my first car was a 74' nova, 250 six cylinder, 3 on the floor with a hurst shifter!
I figured that was the greatest car on the face of the earth.I wasn't saying financing doesn't have its place, I was just saying dealers offer this not to help the little guy, but because they make more than market return on the "free loan" and it encourages guys to overbuy. Better to demand a great price and finance at the bank if you are short cash. Unfortunately, in the new car world at least, the dealers are so dependent on the financing profits that they rarely give great cash pricing anymore.
Thanks, but not getting hopes up yet. No money in hand, sold on Ebay. We shall see.
Never talked to him, eBay cancelled and removed listing.
