| Author |
Message |
MrBreeze
Samba Hitman
Joined: October 06, 2002
Posts: 5540
Location: Lawn Guyland, Noo Yawk
|
 Posted: Tue Mar 10, 2020 5:15 am Post subject: Re: Who does this? |
 |
|
My boss has a 2003 Anniversary edition Corvette with 8000 miles on it. I have no idea why you would have a car and not drive it.
_________________
-=Rob
WTB: Bay Shore or Queensboro VW Frames
HBB 1984-2009
RW 1943-2011
ER 1964-2023 |
|
| Back to top |
|
 |
TDCTDI
Samba Advocatus Diaboli
Joined: August 31, 2013
Posts: 12858
Location: North Carolina
|
| Posted: Tue Mar 10, 2020 6:04 am Post subject: Re: Who does this? |
|
|
| bigdog1962 wrote: |
| Zundfolge1432 wrote: |
| Glenn wrote: |
| But who can afford $1700/month for a hobby car? |
Really? A person that makes several hundred thousand dollars a year. They buy all kinds of stupid shit. Especially if they are trust fund babies. |
Michael Bloomberg |
Nah, he can’t fit his WELL ARMED security detail in it. 
_________________
Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.
GOFUNDYOURSELF, quit asking everyone to do it for you!
An air cooled VW will make you a hoarder.
Do something, anything, to your project every day, and you will eventually complete it. |
|
| Back to top |
|
|
Manfred58sc
Samba Member
Joined: October 05, 2009
Posts: 3382
|
| Posted: Tue Mar 10, 2020 6:20 am Post subject: Re: Who does this? |
|
|
I know landlords so awash in cash that would be happy to rent a toy like that. It is still 1/2 the price of mortgages and rents in many areas these days. I'm not at all surprised at the ad ( on TV I assume). The Boomers hold most of the money, 60 million plus are retiring, they still watch TV, and its only a 3 year toy ( the lease terminates just before they do).
_________________
Fat chick owner/operator |
|
| Back to top |
|
|
randayn
Banned
Joined: November 10, 2019
Posts: 393
Location: Florida
|
| Posted: Tue Mar 10, 2020 5:50 pm Post subject: Re: Who does this? |
|
|
Lease a car, rent an apartment, buy everything with a credit card. Own nothing.
No wonder most people don't have $500 in the bank? |
|
| Back to top |
|
|
Spezialist
Banned
Joined: July 01, 2005
Posts: 1941
|
| Posted: Tue Mar 10, 2020 6:14 pm Post subject: Re: Who does this? |
|
|
| randayn wrote: |
Lease a car, rent an apartment, buy everything with a credit card. Own nothing.
No wonder most people don't have $500 in the bank? |
| Manfred58sc wrote: |
| I know landlords so awash in cash that would be happy to rent a toy like that. It is still 1/2 the price of mortgages and rents in many areas these days. I'm not at all surprised at the ad ( on TV I assume). The Boomers hold most of the money, 60 million plus are retiring, they still watch TV, and its only a 3 year toy ( the lease terminates just before they do). |
And of course the now ever present rollover/junk bond/subprime loan market.
I know if I was rolling over a car payment into a new car, I’d at least want to go out in style.
I know a guy who sold his house and lives in a new sprinter, interesting economy makes for strange bedfellows
_________________
 |
|
| Back to top |
|
|
Zundfolge1432 
Samba Member
Joined: June 13, 2004
Posts: 12468
|
| Posted: Tue Mar 10, 2020 6:14 pm Post subject: Re: Who does this? |
|
|
| Manfred58sc wrote: |
| I know landlords so awash in cash that would be happy to rent a toy like that. It is still 1/2 the price of mortgages and rents in many areas these days. I'm not at all surprised at the ad ( on TV I assume). The Boomers hold most of the money, 60 million plus are retiring, they still watch TV, and its only a 3 year toy ( the lease terminates just before they do). |
Wishful thinking junior, this boomer owns all his own stuff |
|
| Back to top |
|
|
crukab
Samba Chef
Joined: December 13, 2002
Posts: 6116
Location: Vermont
|
| Posted: Tue Mar 10, 2020 6:26 pm Post subject: Re: Who does this? |
|
|
| Zundfolge1432 wrote: |
| Glenn wrote: |
| But who can afford $1700/month for a hobby car? |
Really? A person that makes several hundred thousand dollars a year. They buy all kinds of stupid shit. |
Like buying $180K FAKE 23 window Buses @ Mecom/Barret Jackson type auctions ?????  
_________________
Tom
My Pops:
http://www.thesamba.com/vw/forum/viewtopic.php?t=604100&highlight=
I know you will always be with me, rest in peace with no more pain. 8/13/14.....
In the yard right now:
'51 Dodge 5 window truck
'65 Bug
'66 Singlecab
'82 Rabbit Truck Diesel from CALI 
'86 Doublecab W/T
'91 Vanagon carat/wolfsbrg.Tiico
'88 Dodge Ram pickup
'11 Jetta Wagon |
|
| Back to top |
|
|
randayn
Banned
Joined: November 10, 2019
Posts: 393
Location: Florida
|
| Posted: Tue Mar 10, 2020 7:57 pm Post subject: Re: Who does this? |
|
|
Its not the money you earn, its the money you save that leads to a secure life.
I never earned a lot of money, but I saved a fortune one dollar at a time.
I don't owe anyone a dime. That is a good feeling. |
|
| Back to top |
|
|
Spezialist
Banned
Joined: July 01, 2005
Posts: 1941
|
| Posted: Tue Mar 10, 2020 8:15 pm Post subject: Re: Who does this? |
|
|
| randayn wrote: |
Its not the money you earn, its the money you save that leads to a secure life.
I never earned a lot of money, but I saved a fortune one dollar at a time.
I don't owe anyone a dime. That is a good feeling. |
The knowledge given freely helps you to secure your mind knowing that your future is never secure.
_________________
|
|
| Back to top |
|
|
scottyrocks
Samba Member
Joined: August 19, 2016
Posts: 2666
Location: Long Island, NY
|
| Posted: Wed Mar 11, 2020 5:47 am Post subject: Re: Who does this? |
|
|
We have a '73 Mustang we've put 8k miles on in 17 years.
_________________
“If you care for a thing long enough, it takes on a life of its own, doesn't it? Mending old things, preserving them, looking after them – on some level there's no rational grounds for it.”
– D. Tartt, 'The Goldfinch' |
|
| Back to top |
|
|
jspbtown
Samba Member
Joined: January 27, 2004
Posts: 5157
|
| Posted: Wed Mar 11, 2020 6:46 am Post subject: Re: Who does this? |
|
|
| Quote: |
| buy everything with a credit card |
That makes a lot of sense.....using cash is foolish. Between cash back and other perks it makes great sense to dump everything onto a credit card.
My 25 year old son (works at a private banking firm) does everything on credit cards. He is heading out to LA for the NBA playoffs in May and his hotel and airfare was paid for by credit card points |
|
| Back to top |
|
|
TDCTDI
Samba Advocatus Diaboli
Joined: August 31, 2013
Posts: 12858
Location: North Carolina
|
| Posted: Wed Mar 11, 2020 7:50 am Post subject: Re: Who does this? |
|
|
| jspbtown wrote: |
| Quote: |
| buy everything with a credit card |
That makes a lot of sense.....using cash is foolish. Between cash back and other perks it makes great sense to dump everything onto a credit card.
My 25 year old son (works at a private banking firm) does everything on credit cards. He is heading out to LA for the NBA playoffs in May and his hotel and airfare was paid for by credit card points |
On the contrary, using credit cards is foolish. Banks make money off of each and every transaction, usually on both sides of the transaction when you use a credit card. Credit cards have allowed the bank to glean money off of EVERY transaction. Those "rewards" aren't free, they come out of the vendors pocket which in turn requires them to increase the price to cover their expenses & to make profit. This is why you are much more likely to be able to negotiate a price when paying cash.
When paying with cash, you are also less likely to overspend as handing over cash triggers pain receptors in the brain whereas swiping a card does not.
_________________
Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.
GOFUNDYOURSELF, quit asking everyone to do it for you!
An air cooled VW will make you a hoarder.
Do something, anything, to your project every day, and you will eventually complete it. |
|
| Back to top |
|
|
Glenn
Mr. 010
Joined: December 25, 2001
Posts: 76940
Location: Sneaking up behind you
|
| Posted: Wed Mar 11, 2020 8:24 am Post subject: Re: Who does this? |
|
|
| TDCTDI wrote: |
On the contrary, using credit cards is foolish. Banks make money off of each and every transaction, usually on both sides of the transaction when you use a credit card. Credit cards have allowed the bank to glean money off of EVERY transaction. Those "rewards" aren't free, they come out of the vendors pocket which in turn requires them to increase the price to cover their expenses & to make profit. This is why you are much more likely to be able to negotiate a price when paying cash.
When paying with cash, you are also less likely to overspend as handing over cash triggers pain receptors in the brain whereas swiping a card does not. |
Well.. i've had a credit cars since 1976 and never paid a pennies interest. I get 2% back which adds up to real money over the year.
And while you are correct that vendors raise their prices to cover the cost, that is already baked in. So unless they offer a cash discount, paying with cash means your paying the higher price with not kickback from the credit card company.
Using a credit card also gives to protection against fraud and complaints.
I purchased a couch for $2700 and had problem with it. After spending 3 months trying to resolve them the business stopped talking to me. I complained to my credit card company and they held up future payments. Suddenly the store contacted me and we negotiated a 50% refund.
If I used cash I would have had to take them to small claims court.
_________________
Glenn
74 Beetle Specs | 74 Beetle Restoration | 2180cc Engine
"You may not get what you pay for, but you always pay for what you get"
Member #1009
#BlueSquare |
|
| Back to top |
|
|
jspbtown
Samba Member
Joined: January 27, 2004
Posts: 5157
|
| Posted: Wed Mar 11, 2020 8:27 am Post subject: Re: Who does this? |
|
|
| Quote: |
| This is why you are much more likely to be able to negotiate a price when paying cash. |
I am sorry but you can't "negotiate a price" when you are paying your cable bill, or your electric bill, or a gas purchase, or a purchase at a restaurant, or at a grocery store, or an online purchase, or at the mall for clothes (I could go on and on).
I don't care if a bank makes money from the person I am purchasing something from.
The rewards are indeed free to me. If I have a no fee card and pay off the entire balance at month end, then any reward I get is free to me.
And if you are fiscally weak minded then yes....a credit card might not be in your best interest. I might suggest having a parent hold your money and dole it out in that instance.
I use my card almost exclusively and I have zero balance. My 25 year old son has had a credit card since high school and he has never carried a balance. Its really not a challenge to be fiscally responsible. |
|
| Back to top |
|
|
Glenn
Mr. 010
Joined: December 25, 2001
Posts: 76940
Location: Sneaking up behind you
|
| Posted: Wed Mar 11, 2020 8:29 am Post subject: Re: Who does this? |
|
|
| jspbtown wrote: |
| I am sorry but you can't "negotiate a price" when you are paying your cable bill |
Actually you can and I have.
_________________
Glenn
74 Beetle Specs | 74 Beetle Restoration | 2180cc Engine
"You may not get what you pay for, but you always pay for what you get"
Member #1009
#BlueSquare |
|
| Back to top |
|
|
Jon Schmid
Samba Member
Joined: May 29, 2012
Posts: 2038
Location: Southern California
|
| Posted: Wed Mar 11, 2020 9:57 am Post subject: Re: Who does this? |
|
|
I own 4 cars and the newest of the lot is a 2000 Toyota. My 1996 T100 has 137K miles on it and it's now my daily driver since I had to stop driving my 356's so much. But I could never see leasing a car for that kind of coin.  |
|
| Back to top |
|
|
bluebus86
Banned
Joined: September 02, 2010
Posts: 11075
|
| Posted: Wed Mar 11, 2020 10:13 am Post subject: Re: Who does this? |
|
|
| randayn wrote: |
| I must be old/old school. I never financed a car in my life. Never had a new car in my life, but I have owned some very cool cars. |
Me too. I have only had one loan in my life, for a house, and I worked like crazy and paid it off early, debt free is the way to go!
New cars are a huge waste of money. Every car I own has appreciated since I got it. New cars depreciate at a fantastic rate, thats not for me.
one of my sisters friends many years ago bought a new car using her credit card! my sister asked what the car cost, and her friend did not know, she only knew the minimum monthly payment amount. She had to return that car some time later for a substantial loss.
Not the brightest thing to do for sure, but she did enjoy that new car smell as she was going deeper in to debt every month.
_________________
Help Prevent VW Engine Fires, see this link.....Engine safety wire information
Stop introducing dirt into your oil when adjusting valves ... https://www.thesamba.com/vw/forum/viewtopic.php?t=683022 |
|
| Back to top |
|
|
Zundfolge1432
Samba Member
Joined: June 13, 2004
Posts: 12468
|
| Posted: Wed Mar 11, 2020 10:14 am Post subject: Re: Who does this? |
|
|
We use a single credit card and all expenses go on the card including utilities, healthcare, food,fuel. you name it. We even bought a car once using it. 4% cash back, also gives 4 cents off gasoline. The card gets paid off 100% every month, been doing this nearly 4 decades no fees.
So much easier and safer not carrying money around like my grandpa did. Try renting a car or booking a hotel with cash. |
|
| Back to top |
|
|
bluebus86
Banned
Joined: September 02, 2010
Posts: 11075
|
| Posted: Wed Mar 11, 2020 10:45 am Post subject: Re: Who does this? |
|
|
| Glenn wrote: |
| TDCTDI wrote: |
On the contrary, using credit cards is foolish. Banks make money off of each and every transaction, usually on both sides of the transaction when you use a credit card. Credit cards have allowed the bank to glean money off of EVERY transaction. Those "rewards" aren't free, they come out of the vendors pocket which in turn requires them to increase the price to cover their expenses & to make profit. This is why you are much more likely to be able to negotiate a price when paying cash.
When paying with cash, you are also less likely to overspend as handing over cash triggers pain receptors in the brain whereas swiping a card does not. |
Well.. i've had a credit cars since 1976 and never paid a pennies interest. I get 2% back which adds up to real money over the year.
And while you are correct that vendors raise their prices to cover the cost, that is already baked in. So unless they offer a cash discount, paying with cash means your paying the higher price with not kickback from the credit card company.
Using a credit card also gives to protection against fraud and complaints.
I purchased a couch for $2700 and had problem with it. After spending 3 months trying to resolve them the business stopped talking to me. I complained to my credit card company and they held up future payments. Suddenly the store contacted me and we negotiated a 50% refund.
If I used cash I would have had to take them to small claims court. |
yup, credit card purchases can be challenged, that saved me a ton of money when a dishonest vendor sold me some junk steering gear parts for my truck, I got a full refund from the credit card company.
My credit account is set up for autopay of the full amounts, so I never miss a payment and thus worry not about late fees nor interest.
I generally get 2% cash back, I get a nice monthly itemized list of my purchases too.
One of my cards is offering a 15% cash back for three months on groceries and gasoline, yippie! The limits is 120 bucks cash back per month with this promotion, I have used it to stock up on my virus grocery supllies. I like the cash back. I appreciate the suckers who do not pay off their cards in full each month, as they are the ones financing my cash back.
win win for me.
_________________
Help Prevent VW Engine Fires, see this link.....Engine safety wire information
Stop introducing dirt into your oil when adjusting valves ... https://www.thesamba.com/vw/forum/viewtopic.php?t=683022 |
|
| Back to top |
|
|
Zundfolge1432
Samba Member
Joined: June 13, 2004
Posts: 12468
|
| Posted: Wed Mar 11, 2020 11:01 am Post subject: Re: Who does this? |
|
|
Kinda makes you feel sorry for the schleps still running around paying cash huh?
We got a few fossils here that write checks for everything. I think checking account went out of fashion in the 1990s😀 |
|
| Back to top |
|
|
|
