Author Topic: more oil found... (Read 3025 times)

Ripsnort · « **Reply #60 on:** March 15, 2006, 04:25:01 PM »

Quote

Originally posted by Curval
...on credit.

Are you saying everyone that affords an automobile gets it on credit in the US?

I don't think so Curv.

196 million licensed drivers, there are alot of those vehicles that stolen !

Curval · « **Reply #61 on:** March 15, 2006, 04:30:10 PM »

Well, I guess that is fair, not EVERYONE in the US buys cars on credit. But just as true is that EVERYONE cannot AFFORD to buy a car in the US.

Skuzzy · « **Reply #62 on:** March 15, 2006, 04:34:49 PM »

Quote

Originally posted by Curval
Very true. But are you suggesting that is the reason that personal debt in the US is so high...because you are all economic wizards? Dago might buy that...I sure don't.

I did not suggest anything. I can only speak for me. I bought my car on credit as I would have lost a lot of money paying cash for it.
I know a lot of people who have payed cash for thier cars. I know a lot of people who did not. I could only speculate as to what drives people to the decisions they make, just as you are doing.

Nilsen · « **Reply #63 on:** March 15, 2006, 04:46:23 PM »

I have never borrowed money for anything in my life except for a very small ammount for the house. I'm turing 31 in a couple of months but I have still never owned a car. We were going to get a car this fall but could never decide on what car to get so we will buy a brand new car cash before summer.

I'ts been a pain some times having to borrow my parents car or use the one the missus owns but the upside is that we are debt free and have a great house by the sea and a boat that we own. Not trying to say that this is for everyone, but for us its priceless to not owe anyone money and to have managed to save some. None of us make alot of money but we have more to spend every month than alot of our friends that make much more than we do.

Ripsnort · « **Reply #64 on:** March 15, 2006, 05:02:23 PM »

Quote

Originally posted by Nilsen
Not trying to say that this is for everyone, but for us its priceless to not owe anyone money and to have managed to save some. None of us make alot of money but we have more to spend every month than alot of our friends that make much more than we do.

I hate borrowing money! After age 18, I vowed never to have to depend on borrowing from my parents even though they would have probably been more than willing...one of my sisters did that, and got my dad to co-sign a few loans that she defaulted on

I decided that he'd been through enough with one child, I didn't want to be a burden. So, I lived within my means, drove used cars, mostly beaters, up until I got married 15 years ago. I've been fortunate enough to pay cash for everything we own in the last 10 years, except the house. That will be payed off in 11 years. I saved money for 8 years to pay cash for the BMW. A couple land investments have been helpful too. Instead of a car payment, I had property payments over the years. They tend to appreciate alittle better than automobiles.

Edit: I take that back, we did buy my wifes new mustang on credit, got 3.9% financing at 4 year loan, 30% down payment. We did this because we didn't want to pilfer our savings down so low, in case an emergency came up, you know..

Shuckins · « **Reply #65 on:** March 15, 2006, 05:11:49 PM »

Straffo,

Indeed, we do teach history to the elite, but they don't understand it.

beet1e · « **Reply #66 on:** March 15, 2006, 05:19:02 PM »

Quote

Originally posted by Skuzzy
Hey beet, what vehicle do you have over there which could handle the load Rip is pulling through the mountains and maintain a safe speed (i.e. too slow is dangerous, too fast is dangerous)? How practical would said vehicle be here?
You act like we all drive around everyday getting 8MPG. Rather short-sighted, or narrow minded, isn't it? Did you know Toyota sells more cars here than any other company? Did you know thier corporate average is over 30MPG?

As I've pointed out in an earlier thread, I have towed a 30ft glider trailer (with the glider inside LOL) behind a FWD car with a 1.8 litre petrol engine. I have relatives who towed boats of a similar length to Rip's boat though I don't know the weights, but I do know they just used an ordinary car - and got more than 8mpg

As for Toyotas, I know they are very good cars, and I bought four of them between 1988-1993. I also know that Toyota is the biggest car company in Japan - we get a lot of them here too.

Not sure what dago's point was about, but I buy my cars brand new and self finance, ie. I pay cash for them. Car loans are a hideously inefficient line of credit.

Skuzzy · « **Reply #67 on:** March 15, 2006, 05:23:38 PM »

You are not going to be pulling eight or nine thousand pounds of weight with a 1.8 litre engine through the mountains. Not safely anyways.

Car loans can be a good deal here. A 4.8% simple interest loan for 3 years. I still net a gain by leaving my money invested as it will be worth for more than that over the next 3 years.

It and the house are the only loans we have.

john9001 · « **Reply #68 on:** March 15, 2006, 05:28:35 PM »

my car is paid for and gets 32MPG, i feel bad , I'm not contributing to the economy.

Ripsnort · « **Reply #69 on:** March 15, 2006, 05:32:47 PM »

Quote

Originally posted by Skuzzy
You are not going to be pulling eight or nine thousand pounds of weight with a 1.8 litre engine through the mountains. Not safely anyways.

Car loans can be a good deal here. A 4.8% simple interest loan for 3 years. I still net a gain by leaving my money invested as it will be worth for more than that over the next 3 years.

It and the house are the only loans we have.

Remember that video floating around the web a couple years back,..Shows a few bicyclist standing beside an inclined road, pretty soon here comes a smoker (little foreign car smoking up the hill) pulling what looks to be a 20 ft. travel trailer,...it goes past the camera view, then seconds later its hauling down the hill backwards? Anyone have a link to that? I think Beet should take a look at that.

beet1e · « **Reply #70 on:** March 15, 2006, 05:37:53 PM »

Quote

Originally posted by Skuzzy
You are not going to be pulling eight or nine thousand pounds of weight with a 1.8 litre engine through the mountains. Not safely anyways.

I'm sure that glider did not weigh 9000lbs - that's over 4 tons!

As I have no intention of using my car for towing, I'm unaware of its towing ability. But I googled up a report on the Audi A3 that I drive, and the max towing weight (braked) is 1750Kg, or about 3750lbs. But that's for the FWD model - mine is a Quattro.

Jackal1 · « **Reply #71 on:** March 15, 2006, 05:39:38 PM »

Quote

Originally posted by beet1e
If you live in TX, it can be delivered. As you know, TX has everything - including delivery drivers like Jackall!

Well , you are learning at least. Yes, Texas does indeed have it all.
Now if we can just get you to learn the difference in what is considered a delivery driver and a long haul transport here in the U.S. you will be making great progress.
We also might want to work on the terms "has" and "had".
Like I told ya, I`ll teach you real slow so maybe you will at least have a shot at grasping a small percentage of it. I have my doubts, but hey.......................... ......

Skuzzy · « **Reply #72 on:** March 15, 2006, 05:41:36 PM »

Beet, even 1,000 pounds of weight in the mountains would not be safely feasible with a 1.8 litre engine. No sense in putting a family at risk.

3,750 pounds would be impossible to safely pull through the mountains. If the brakes did not give out, the transmission would, and/or the engine would overheat.

J_A_B · « **Reply #73 on:** March 15, 2006, 05:50:48 PM »

If you want to look like an economic whiz, don't buy a new car. New cars are money sinks no matter how you pay for them. You might as well just burn your cash in the fireplace. My Buick had 42K when I bought it, and I could have bought 4 of them for the price of a smaller, inferior new car.

If you want that new car smell, buy it. It comes in cans.

I bet Rip's a leadfoot. My brother-in-law's Freightliner gets almost 8 MPG.

J_A_B

J_A_B · « **Reply #74 on:** March 15, 2006, 05:52:17 PM »

"Beet, even 1,000 pounds of weight in the mountains would not be safely feasible with a 1.8 litre engine. No sense in putting a family at risk."

I'd venture to suggest that if you're putting your family in such a sardine can to begin with, Risk probably isn't something that crosses your mind. But then, who didn't expect me to say that?

J_A_B