Edmunds Members - Cars and Conversations (Archived)

driver100

kyfdx said:

driver100 said:

bwia said:

Interesting, the luxury segment is only 5% of total car sales. And that includes some pretend luxury brands like Acura, Infiniti, Volvo, EVs, SUVs, etc. Adjusting for these anomalies, true high end luxury is probably no more 3% of the total market.

With that said, compared to the number of millionaires next door there is perhaps not enough supply true of luxury cars available to meet that potential demand.

I believe a "Millionaire" has to have at least $1 million in cash or savings of some kind - not counting property or possessions. That probably narrows the field.

Not C$ million, though, right?

To have $1 million USD you would need 1263215.00 Cdn dollars....I think I did that right!

snakeweasel

Well my wife started talking about trading in the BMW for a more practical car, like an SUV. Well I inputted the information on Carmax and they gave me a quote that is about $2,500 less than what we paid for it 2 years ago Vroom quoted us $80 more than CarMax and I did that get a quote on KBB.com and they came up with almost $3K less than the former quotes. However with the KBB site I started getting calls from dealers very quickly (like 3 in five minutes). I used a Google voice phone number so I can dump it at any time and stop people from calling me.

Anyway me and the Mrs's talked about it and now she is going to keep the BMW.

Ah the joys of marriage.

snakeweasel

Sunday I took a ride in the country and ended up heading home on US 30 from Sterling/Rock Falls here in Northern IL. Well between Rock Falls and the town of Shabbona it's about a 45 - 50 minute drive and it's almost perfectly straight and for the vast majority of it it's perfectly flat. and in that drive there is nothing save a few farm houses and a few rural businesses and three stop signs, no other towns and very little traffic. Talk about a boring drive.

explorerx4

My last F150 had features like 2WD.4WD high, 4WD low, 4WD auto(AWD), selectable locking rear axle, hill decent control, adaptive cruise with automatic braking, auto parking, all around cameras, power open tailgate with deployable step , twin turbo V6 with direct and port fuel injection, 10 transmission with sport (C&D tested @5.3 sec 0-60 on premium fuel) and towing modes, dual climate control, heated and cooled leather power seats with 3 area massage and lumbar with screen display for adjusting plus 3 memory settings, heated rear seats, audio system with 700 watt subwoofer, towing up to 9k, built in trailer brake controller, pro trailer backup control, pano moonroof, power sliding rear window, universal window open/close, all LED lighting inside and out, auto dimming headlights, rain sensing wipers, power adjustable and folding side mirrors with heat, puddle lighting and BLIS, power folding step boards, remote keyless entry, keypad entry, remote start, ultrasonic alarm system, autolocking doors, configurable gauges.
I'm sure I missed quite a few other features.

roadburner

explorerx4 said:

My last F150 had features like 2WD.4WD high, 4WD low, 4WD auto(AWD), selectable locking rear axle, hill decent control, adaptive cruise with automatic braking, auto parking, all around cameras, power open tailgate with deployable step , twin turbo V6 with direct and port fuel injection, 10 transmission with sport (C&D tested @5.3 sec 0-60 on premium fuel) and towing modes, dual climate control, heated and cooled leather power seats with 3 area massage and lumbar with screen display for adjusting plus 3 memory settings, heated rear seats, audio system with 700 watt subwoofer, towing up to 9k, built in trailer brake controller, pro trailer backup control, pano moonroof, power sliding rear window, universal window open/close, all LED lighting inside and out, auto dimming headlights, rain sensing wipers, power adjustable and folding side mirrors with heat, puddle lighting and BLIS, power folding step boards, remote keyless entry, keypad entry, remote start, ultrasonic alarm system, autolocking doors, configurable gauges.
I'm sure I missed quite a few other features.

If only I had known; despair and regret will now be my constant companions.

snakeweasel

roadburner said:

explorerx4 said:

My last F150 had features like 2WD.4WD high, 4WD low, 4WD auto(AWD), selectable locking rear axle, hill decent control, adaptive cruise with automatic braking, auto parking, all around cameras, power open tailgate with deployable step , twin turbo V6 with direct and port fuel injection, 10 transmission with sport (C&D tested @5.3 sec 0-60 on premium fuel) and towing modes, dual climate control, heated and cooled leather power seats with 3 area massage and lumbar with screen display for adjusting plus 3 memory settings, heated rear seats, audio system with 700 watt subwoofer, towing up to 9k, built in trailer brake controller, pro trailer backup control, pano moonroof, power sliding rear window, universal window open/close, all LED lighting inside and out, auto dimming headlights, rain sensing wipers, power adjustable and folding side mirrors with heat, puddle lighting and BLIS, power folding step boards, remote keyless entry, keypad entry, remote start, ultrasonic alarm system, autolocking doors, configurable gauges.
I'm sure I missed quite a few other features.

If only I had known; despair and regret will now be my constant companions.

Oh so you're a married man too.

oldfarmer50

roadburner said:

explorerx4 said:

My last F150 had features like 2WD.4WD high, 4WD low, 4WD auto(AWD), selectable locking rear axle, hill decent control, adaptive cruise with automatic braking, auto parking, all around cameras, power open tailgate with deployable step , twin turbo V6 with direct and port fuel injection, 10 transmission with sport (C&D tested @5.3 sec 0-60 on premium fuel) and towing modes, dual climate control, heated and cooled leather power seats with 3 area massage and lumbar with screen display for adjusting plus 3 memory settings, heated rear seats, audio system with 700 watt subwoofer, towing up to 9k, built in trailer brake controller, pro trailer backup control, pano moonroof, power sliding rear window, universal window open/close, all LED lighting inside and out, auto dimming headlights, rain sensing wipers, power adjustable and folding side mirrors with heat, puddle lighting and BLIS, power folding step boards, remote keyless entry, keypad entry, remote start, ultrasonic alarm system, autolocking doors, configurable gauges.
I'm sure I missed quite a few other features.

If only I had known; despair and regret will now be my constant companions.

I can hear the wailing and gnashing of teeth.

driver100

@explorerx4
I think there are more luxury trucks sold today than work trucks. I can't find a percentage but I found this:
today Edmunds says a whopping 81 percent of all pickups driven off dealers’ lots are more-accommodating four-door “crew cab” configurations. At that, consumers are flocking to top models loaded with upscale features previously unavailable in what was originally considered a work truck.

You can get a truck that is every bit as luxurious as any car....and they hold their value, and last.

sda

snakeweasel said:

Well my wife started talking about trading in the BMW for a more practical car, like an SUV. Well I inputted the information on Carmax and they gave me a quote that is about $2,500 less than what we paid for it 2 years ago Vroom quoted us $80 more than CarMax and I did that get a quote on KBB.com and they came up with almost $3K less than the former quotes. However with the KBB site I started getting calls from dealers very quickly (like 3 in five minutes). I used a Google voice phone number so I can dump it at any time and stop people from calling me.

Anyway me and the Mrs's talked about it and now she is going to keep the BMW.

Ah the joys of marriage.

I noticed KBB gave a quote considerably lower on the Passat than the others. However, the KBB quote was linked to the VW dealer I use for service. I have received multiple e-mails/calls wanting to know if I wanted to sell. If there was something out there that I wanted and I didn't end up owing more than I do now I would be tempted. I like the VW Arteon, but no deals there. Like other sedans the Passat and Arteon will be discontinued soon.

roadburner

Do to the quality of service provided by my BMW dealer my wife is reluctant to leave the BMW/Mini fold. That said, she’d consider a Nissan if a Xterra type SUV is ever offered again, and a new Wrangler would likely be on the table as well.
As an aside, she really likes the upcoming 400Z; I’m interested as well, but not enough to deal with the ADM fiascos and other dealer games that will surround the introduction.

bwia

2022 Cadillac Lyriq mid-size SUV first look: At a little under $60,000, the biggest question is will GM make enough of these? The car will have a 100 kWh battery that puts out up to 340 horsepower to the rear wheels and will be good for “more than 300 miles” of range.

It comes with an onboard 19.2kW charger. For DC charging, the car can charge at up to 190 kW, or 76 miles of range in 10 minutes and 195 miles in 30 minutes, which is no slouch. You can begin placing your order now. https://www.youtube.com/watch?v=OeI5m5gEgHE

stickguy

That’s sharp looking, for a barge.

driver100

bwia said:

2022 Cadillac Lyriq mid-size SUV first look: At a little under $60,000, the biggest question is will GM make enough of these? The car will have a 100 kWh battery that puts out up to 340 horsepower to the rear wheels and will be good for “more than 300 miles” of range.

It comes with an onboard 19.2kW charger. For DC charging, the car can charge at up to 190 kW, or 76 miles of range in 10 minutes and 195 miles in 30 minutes, which is no slouch. You can begin placing your order now.

Looks pretty nice.....but I won't be ordering. I keep wondering...."What could possibly go wrong?".
New car, new science, new technology, I don't like being a Guinea Pig!
Btw...they stole the dash from my E400.

stickguy

Not really new tech. EVs are pretty much the same now.

explorerx4

Signed up for my 3rd Covid shot today. Getting it in about a month.

driver100

stickguy said:

Not really new tech. EVs are pretty much the same now.

General Motors has announced a recall of 50,932 2017 through 2019 Chevrolet Bolt EVs in the U.S.
The problem is the chance of a fire in the high-voltage battery pack, which could occur even when the vehicle is stopped, parked, and not plugged in to charge.
GM said owners should park the vehicles outside and away from houses until repairs can take place

driver100

explorerx4 said:

Signed up for my 3rd Covid shot today. Getting it in about a month.

Is this becoming a ------- contest now?

28firefighter

Got my third shot on Saturday since I am immunocompromised. Reaction, for me, was way worse than dose 2 reaction.

laurasdada

28firefighter said:

Got my third shot on Saturday since I am immunocompromised. Reaction, for me, was way worse than dose 2 reaction.

Hope you're better now! Which shot, Pfizer or Moderna?

jmonroe1

driver100 said:

bwia said:

Interesting, the luxury segment is only 5% of total car sales. And that includes some pretend luxury brands like Acura, Infiniti, Volvo, EVs, SUVs, etc. Adjusting for these anomalies, true high end luxury is probably no more 3% of the total market.

With that said, compared to the number of millionaires next door there is perhaps not enough supply true of luxury cars available to meet that potential demand.

I believe a "Millionaire" has to have at least $1 million in cash or savings of some kind - not counting property or possessions. That probably narrows the field.

If I can’t count the Jenny I’m below the line.

jmonroe

jmonroe1

kyfdx said:

I'm pretty sure it's measured by Net Worth.

Thanks, I’m back to my old self again. Yippee.

jmonroe

28firefighter

laurasdada said:

28firefighter said:

Got my third shot on Saturday since I am immunocompromised. Reaction, for me, was way worse than dose 2 reaction.

Hope you're better now! Which shot, Pfizer or Moderna?

Pfizer - took about 3 days, but I'm back to normal. Well, whatever my baseline is - I'm definitely not "normal."

jmonroe1

abacomike said:

@kyfdx said:

For the average age of members in this discussion, most are likely millionaires. Kind of an outdated term for wealthy people. If you don't have a $million, your retirement might suck, eventually.

I would amend your statement to include those who have excellent pension plans coupled with Social Security as an income. I budget $3000 a month for living expenses (includes car payment, insurance on Condo and car, food, clothing, HOA monthly costs, property taxes, cable TV and internet, etc.). I don’t have a mortgage remember.

That leaves $3200 a month after income taxes (net) for savings or trips, etc. So I live comfortably and drive a $75,000 new car, but don’t have anything near a million dollars in investments or cash in bank.

Of course, the kids won’t be inheriting large sums of money since all my income stops upon my death. They’ll get $165,000 for the Condo and whatever I have in the bank, which isn’t that much.

Damn, I was expecting more than that just for myself.

jmonroe

explorerx4

@driver100,
I was shocked to get a text today telling me I could schedule #3.

jmonroe1

snakeweasel said:

dino001 said:

What is a pension plan?

You don't have a pension plan?

That's OK I have two.

Actually one I can start collecting on in 18 months from an old employer that will give me around $250/month. They other is with my current employer and will likely replace 1/3rd of my current income when I retire.

In any case I should be OK in my retirement if I step in front of a bus leaving work on my last day.

C’mon, @oldfarmer50 wouldn’t do that to a poster buddy, would he?

jmonroe

jmonroe1

venture said:

I was talking to a friend at a baseball game tonight. He said his Hyundai (I think Sonata) just stopped on him a few days ago and he had it towed to the dealer. They called today and said they are going to put a new engine in it under warranty. He said it has 100k miles on it.

He must have kept an error free DIY oil log sheet record.

jmonroe

driver100

explorerx4 said:

@driver100,
I was shocked to get a text today telling me I could schedule #3.

If things don't get too much worse then we will be able to go to Florida this year...probably early November....and I will get my 3rd shot too! It will probably be a year before we have them up here.
We have 82% vaccinated with one dose, and 72% have had 2 doses, no real plan for a 3rd dose for the general population yet.

driver100

jmonroe1 said:

venture said:

I was talking to a friend at a baseball game tonight. He said his Hyundai (I think Sonata) just stopped on him a few days ago and he had it towed to the dealer. They called today and said they are going to put a new engine in it under warranty. He said it has 100k miles on it.

He must have kept an error free DIY oil log sheet record.

jmonroe

I thought we weren't allowed to go back there any more.

oldfarmer50

explorerx4 said:

Signed up for my 3rd Covid shot today. Getting it in about a month.

I got my jabs and I survived the real thing last July so I’m done unless someone with a less vested interest shows me why I need it. I thought they were just recommending it to folks with compromised immune systems?

driver100

Actually, it seems there are really 2 ways to calculate if one is a millionaire;
According to a Spectrem Group Market Insights Report, there were 11.8 million Americans with a net worth of at least $1 million in 2019. Whether this term should apply to people with total assets over $1 million, or only to people with liquid assets in excess of $1 million, the definition remains contested.

https://www.thebalance.com/what-is-a-millionaire-453762

imidazol97

What will the big 3 US car company names do with all the vehicles they built that were missing components due to the chip shortage? I was told this morning that the plan is to shred them. It's now time for 2022 models to go into production. GM has told dealers to start expecting supply in October (2021).

Has anyone else heard this drastic solution of what to do with the vehicles that have been stored for months on months? Those vehicles getting flat spots on tires from sitting? Vehicles getting Rust on the rotors from not being driven at all to rub the rust off?

Has anyone heard anything about the disposal of those unfinished vehicles?

ab348

This is the first I've heard about a 3rd vaccine shot. Up here they're still beating the drum trying to get #2 into people.

oldfarmer50

imidazol97 said:

What will the big 3 US car company names do with all the vehicles they built that were missing components due to the chip shortage? I was told this morning that the plan is to shred them. It's now time for 2022 models to go into production. GM has told dealers to start expecting supply in October (2021).

Has anyone else heard this drastic solution of what to do with the vehicles that have been stored for months on months? Those vehicles getting flat spots on tires from sitting? Vehicles getting Rust on the rotors from not being driven at all to rub the rust off?

Has anyone heard anything about the disposal of those unfinished vehicles?

That would be nuts. It has to be less of a loss to clean the rotors and put new tires on them. Couldn’t they sell them as super low mile used cars? I think people would knock down the doors looking for a deal on a new/used 2021.

They could even dump them on the rental companies.

dino001

28firefighter said:

laurasdada said:

28firefighter said:

Got my third shot on Saturday since I am immunocompromised. Reaction, for me, was way worse than dose 2 reaction.

Hope you're better now! Which shot, Pfizer or Moderna?

Pfizer - took about 3 days, but I'm back to normal. Well, whatever my baseline is - I'm definitely not "normal."

I'm just wondering - were you tested for antibodies, or just declared "compromised" because of whatever condition you have? I guess it doesn't matter now since they're going to push third shot to all people after 8 months. Initial theory was that only people with low antibody count should get a shot, but with statistical data showing waning response for general population (I wonder how much is it in real terms), it is moot.

I also heard conflicting reports regarding whether having "bad reaction" for second or third shot, especially while having generally compromised immunity, is good or bad. The theories are all over the place.

dino001

ab348 said:

This is the first I've heard about a 3rd vaccine shot. Up here they're still beating the drum trying to get #2 into people.

Perhaps wrong news channel ? To be fair, third shot serious talk is fairly new. It was always talked as a possibility, depending on the data collected over time, I guess the data has come and shown some waning effects for those who got their shot early on. I'm sure they wouldn't be so fast to push it if they didn't have a surplus and Delta wasn't so rampant, at least here in the South with still too few people getting even first shot. I think they want to start before it moves to the North, presumably in the Fall. It does seem there is significant spread seasonality, related to when people sit indoors. Here it is summer, north it is fall/winter.

ab348

The only thing I read - which I tend to dismiss generally given all the conflicting or misinformation out there - was that the original vaccines were based on the original virus, and is less effective on the variants, so they need to cook up a new version that is effective against those. Seems like a never-ending cycle but what do I know.

jmonroe1

driver100 said:

jmonroe1 said:

venture said:

I was talking to a friend at a baseball game tonight. He said his Hyundai (I think Sonata) just stopped on him a few days ago and he had it towed to the dealer. They called today and said they are going to put a new engine in it under warranty. He said it has 100k miles on it.

He must have kept an error free DIY oil log sheet record.

jmonroe

I thought we weren't allowed to go back there any more.

I’m allowed.

jmonroe

explorerx4

@imidazol97,
One of my BIL's said he read cheap leases, which makes more sense than crushing them.
It's all rumor and speculation.

28firefighter

They are not requiring testing for antibodies. If you fall within a set criteria, you are allowed to walk in and get a third dose now.

I'm on an immune suppressing biological drug for my Crohn's disease which qualified me. That said, I'm still operating under the assumption that I have no protection and behave accordingly.

snakeweasel

driver100 said:

Actually, it seems there are really 2 ways to calculate if one is a millionaire;
According to a Spectrem Group Market Insights Report, there were 11.8 million Americans with a net worth of at least $1 million in 2019. Whether this term should apply to people with total assets over $1 million, or only to people with liquid assets in excess of $1 million, the definition remains contested.

https://www.thebalance.com/what-is-a-millionaire-453762

I wouldn't say that only people that have liquid assets in excess of $1 million count as millionaires. Many wealthy people don't keep much in the way of liquid assets. They keep as much as they can in long term assets to earn them money and only keep liquid only what they will need in the short term.

snakeweasel

imidazol97 said:

What will the big 3 US car company names do with all the vehicles they built that were missing components due to the chip shortage? I was told this morning that the plan is to shred them. It's now time for 2022 models to go into production. GM has told dealers to start expecting supply in October (2021).

Has anyone else heard this drastic solution of what to do with the vehicles that have been stored for months on months? Those vehicles getting flat spots on tires from sitting? Vehicles getting Rust on the rotors from not being driven at all to rub the rust off?

Has anyone heard anything about the disposal of those unfinished vehicles?

I would think it would be better to finish off at least some of them and get them to dealerships at a reduced price, say 10 or 15% off the 2022 car prices. Just to move the iron and recoup some of the costs.

ab348

imidazol97 said:

What will the big 3 US car company names do with all the vehicles they built that were missing components due to the chip shortage? I was told this morning that the plan is to shred them. It's now time for 2022 models to go into production. GM has told dealers to start expecting supply in October (2021).

Has anyone else heard this drastic solution of what to do with the vehicles that have been stored for months on months? Those vehicles getting flat spots on tires from sitting? Vehicles getting Rust on the rotors from not being driven at all to rub the rust off?

Has anyone heard anything about the disposal of those unfinished vehicles?

I can't see the sense in shredding them. It could be another Iraqibu situation:

https://www.curbsideclassic.com/blog/automotive-history-snapshot-1981-chevrolet-malibu-iraqi-taxi/

imidazol97

I just got a Michelin discount offer. Up to $100: $70 on all lines of 4 tire purchases and addition $30 on only Cross Climate 2 tires.

Odd they are putting an additional spiff on Cross Climate 2 tires. Is there a problem selling them?

I recall when I first saw the tire tread pattern, which I thought was strange, I posted the tread picture here on this forum.

imidazol97

I got my flu shot yesterday. I'm all set for another year. This is the regular, normal flu mixture. My injection spot was sore to touch this morning and warm.

venture

jmonroe1 said:

venture said:

I was talking to a friend at a baseball game tonight. He said his Hyundai (I think Sonata) just stopped on him a few days ago and he had it towed to the dealer. They called today and said they are going to put a new engine in it under warranty. He said it has 100k miles on it.

He must have kept an error free DIY oil log sheet record.

jmonroe

I get what you are saying. I doubt he ever changed it himself.

The part that amazed me is he is going to keep it after the engine is replaced. I knew he always had a high tolerance for boredom, but I found out he has another, older, Hyundai with over 100k miles.

oldfarmer50

28firefighter said:

They are not requiring testing for antibodies. If you fall within a set criteria, you are allowed to walk in and get a third dose now.

I'm on an immune suppressing biological drug for my Crohn's disease which qualified me. That said, I'm still operating under the assumption that I have no protection and behave accordingly.

I think in your case and abacomike’s it makes sense. Same for the frail elderly since the average death age is something like 80.

explorerx4

I'm getting my third shot prior to general public availability too, so thank oldfarmer50.

driver100

There's a shortage of cars so once they get chips for cars that are built they'll sell those off first. Car prices are up 5% this year in Canada, if you can find a car to buy, so people will be glad to buy these cars....probably at current 2021 prices but not much discounting going on.

They showed a used car lot owner on the news tonight, he said wholesale prices are way to high and he doesn't discount any of his used cars.

driver100

snakeweasel said:

driver100 said:

Actually, it seems there are really 2 ways to calculate if one is a millionaire;
According to a Spectrem Group Market Insights Report, there were 11.8 million Americans with a net worth of at least $1 million in 2019. Whether this term should apply to people with total assets over $1 million, or only to people with liquid assets in excess of $1 million, the definition remains contested.

https://www.thebalance.com/what-is-a-millionaire-453762

I wouldn't say that only people that have liquid assets in excess of $1 million count as millionaires. Many wealthy people don't keep much in the way of liquid assets. They keep as much as they can in long term assets to earn them money and only keep liquid only what they will need in the short term.

Liquid assets are just things that can be converted to cash fairly easily....bonds, stocks, gold, cash of course. None liquid are things that are hard to give a value to them.....paintings, car, boat etc.
An average home in our city is now worth about $800000, anyone who bought that house 20 years ago probably paid off the $200000 purchase price.......there are lots of millionaires if based on total assets.

snakeweasel

venture said:

jmonroe1 said:

venture said:

I was talking to a friend at a baseball game tonight. He said his Hyundai (I think Sonata) just stopped on him a few days ago and he had it towed to the dealer. They called today and said they are going to put a new engine in it under warranty. He said it has 100k miles on it.

He must have kept an error free DIY oil log sheet record.

jmonroe

I get what you are saying. I doubt he ever changed it himself.

The part that amazed me is he is going to keep it after the engine is replaced. I knew he always had a high tolerance for boredom, but I found out he has another, older, Hyundai with over 100k miles.

What is wrong with keeping it after the engine is replaced? I kept mine after the engine was replaced, should last me some time longer. Nothing wrong with that.