Posted on 11/22/2011 12:44:06 PM PST by mowowie
Interesting article. Can’t believe I read the whole thing. My advice as an older person and Dave Ramsey fan is, Don’t buy new in the first place, ever. Pay your payments for your NEXT car now while you drive your current car so you can pay cash when the time comes.
I have a friend with an interesting strategy. He buys classic street cars like Chevelle SS 396 that someone else has spent a fortune and toiled to restore. The problem with restoring a car (unless it is rare or a classic) Is that you always take a beating when you sell. He takes advantage of that. Drives the car until it needs restoring again then sells it for about the same price he bought it for, to a gear head that wants to restore it. The result is he always drives a cool car that doesn’t depreciate.
I worked at dealership like the first one for a week.
I almost hate to say this but I have a Dodge Truck dealership that I like. Really like. They have given me great deals on vehicles including the trade-ins and no horsing around. In-out in about an hour. Their service center has done a great job and at low prices. I simply cannot say that dealership has treated me badly in any way. Go figure.
The entire purpose of Cash-for-Clunkheads was to eliminate as many serviceable used vehicles as possible to force people to purchase new vehicles, a certain percentage of which would be UAW products.
I may be missing something, but if he buys a Honda or Toyota, how is he contributing to the demand for UAW cars?
I told him "My Dad was a car dealer. I know this routine. If you leave, I won't be here when you get back." Things moved right along after that.
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