Quote:
Originally Posted by kaisen
Convenience costs money, no matter what the matter at hand. If you can build your own guitar, like slodave, why buy one from a shop? If you can make your own food, why go to a restaurant? When you make $50/hr (likely the average demographic on Pelican) would you spend 20 hours messing around to sell your own car to save/'make' $1000? Maybe, but then assign the risks you take accepting money, accepting liabilities, taking time away from family or hobbies, and it becomes a little fuzzy. I'm not making a case for dealers. But it isn't black and white either.
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Man, can I print that off and make a poster of it to put up in the shop? That is so well put.
I don't know why, but it seems that people are at their most unreasonable when buying a car. Everyone wants a brand-new-condition car at 200k mile prices, with a guarantee that nothing will go wrong for several years, and payments at $200 a month.
I had a customer call me for financing yesterday. 2002 Windstar, 165k km (100k miles), 70 years old, retired, $1400/month pension (i.e. non-garnishable income), zero credit history except a bankruptcy back in the 80s, no credit cards, rents his house, no assets. I got him in at 15%, $200/month for 48 months with $1000 down. Total cost of borrowing is about $2800, though the lease is open with no penalties or admin fees to payout early. He was seriously pissed about the interest rate and the cost of borrowing. Zero chance of getting financed anywhere else that isn't in-house. WTF?