Edmunds Members - Cars and Conversations (Archived)

driver100

stickguy said:

My wife is from Amsterdam. Still has family there so we go up frequently.

Not as nice as the one in holland though!

We went to Amsterdam last September and it is a great place to see. We usually go on Hop On Hop Off bus's in major cities, but this time we took the Hop On Hop Off Boat. Amsterdam is like half of Venice, half roads, half canals. It is interesting to see the buildings from the water only side. Also, 1000s of bikes. Outside our hotel at the train station there must have been 3000 parked. When people leave work they ride their bikes in their suits and dresses and briefcases. It made me think I always enjoyed getting in my car after work and having that solitary time to listen to the radio and wind down.

imidazol97

driver100 said:

I always enjoyed getting in my car after work and having that solitary time to listen to the radio and wind down.

Dittos. I always enjoyed my 20-minute drive home from work. It was just long enough to leave the stress-causing things behind enjoying the music or talk radio on the way home.

oldfarmer50

Mr_Shiftright said:

And probably colder, too. They should rename Amsterdam as "Stalingrad, NY".

Locally it is known as Amsterico because of the large Puerto Rician immigrant population.

Stalingrad would be a better name for Albany where the ruling progressive machine likes to pass numerous nanny-state laws and resolutions while ignoring joblessness, high taxes and crime.

nyccarguy

imidazol97 said:

driver100 said:

I always enjoyed getting in my car after work and having that solitary time to listen to the radio and wind down.

Dittos. I always enjoyed my 20-minute drive home from work. It was just long enough to leave the stress-causing things behind enjoying the music or talk radio on the way home.

I like my commute into work. I leave early enough (6:15 am - 6:30 am) that I avoid the majority of the traffic. I drink my coffee, talk to my best friend, just enjoy the drive.

Mr_Shiftright

oldfarmer50 said:

Mr_Shiftright said:

And probably colder, too. They should rename Amsterdam as "Stalingrad, NY".

Locally it is known as Amsterico because of the large Puerto Rician immigrant population.

Stalingrad would be a better name for Albany where the ruling progressive machine likes to pass numerous nanny-state laws and resolutions while ignoring joblessness, high taxes and crime.

I think it's called Volgograd now, so that's not going to work.

stickguy

It would pass as Stalingrad just fine. Circa 1946.

cdnpinhead

stever said:

T&C was Hot Springs NM, iirc. It reminds me a little of Hot Springs Arkansas back in the 70s before it was fixed up. T&C has a few bathhouses, but the town is a bit run down and "past its prime" looking. Good café there.

Score! I guess there's no way to stump someone with 47K+ posts.

I stand in awe, or, something.

explorerx4

3 years ago, my wife wanted an MKX, but she wasn't willing to spend the money, so she bought a Titanium Escape.
Last fall, we got invited to a Lincoln drive event, it wasn't much, but she drove and liked the MKC.
Fast forward to Friday night, I found a 2015 MKC I thought she would like, so I sent in an internet request for a quote. It is black with a brown interior.
She has driven black/black for over the last decade and really likes black as an exterior color.
Yesterday we went over to see the actual vehicle, just to see if it was worth following up.
We were doing some cleaning the basement today when the 'Internet Manager' called back.
Decided to at least take a closer look since we both had the day off.
Wife drove it and liked it, but didn't like the interior color.
To be continued...

abacomike

Just got home from an 8 hour go-round with a Chevy dealer that is about 30 miles from where I live.  It all started like this:

Late this morning after taking my daily walk, I had nothing to do.  I did not feel like going home and spending the day watching some news channel, so I went to a Chevy dealer close to the shopping center where I take my walks to look at the new Stingray.  I always was partial to the Corvette after owning a 1967 Stingray fastback 427 coupe.

I got out of my car and walked outside to view what they had in stock in a Stingray.  Remember, guys, I can get into one, but getting out of the Vette is quite another thing.  During my walk, I was approached by a salesman.  He asked me what I was interested in and I responded that I had a '67 Stingray Fastback Coupe and was always intrigued by the Corvette Stingray.  He stopped me in mid-sentence and asked me if I might be interested in a '67 Fastback Coupe with a 427 V8 with 435 hp in a manual transmission.  I gasped!  I asked him what color - and when he responded it was a metallic medium blue with black interior, I began a nuclear meltdown - he could have easily seen the perspiration dripping down my sideburns.

He told me to follow him and we went inside the service department shop and I saw this Stingray up on the lift - he said it was a 1967 427 V8 Stingray fastback with 435 hp, a Muncie 4-speed, and exterior side exhaust pipes.  I thought I had died and gone to heaven.

I asked the salesman what it was doing on the lift - he said it was having new brakes put on, new tires, and a new master brake cylinder installed.  He said it had 67,400 original miles and was sold to the dealership by an estate.

I asked him what the dealership wanted for the car.  He said he would check with management.  After 8 hours of grueling negotiations, I would not give them $175,000 for the car.  I had offered $150,000 as my final offer.  They refused my offer.  I figured if I could buy an exact duplicate of the car I had in 1967 for $150,000 (very low bid for a car with such low original mileage) I could easily sell it for a quick $200,000, assuming excellent condition, which is what is was.  I drove the car at about 3:00 PM and it was like I was 23 years old again - great condition and superior handling.

I guess it was not meant to be!

berri

I think 60's muscle car pricing has gotten crazy, crazy. I thought it was just well to do Boomers, but recently read that Gen X'rs and Millenials with dough have gotten into them too.

explorerx4

Mike,
Great story, but you were taking a big chance.
Can you really feel the difference between a 390 and 435 hp 427 engine by the seat of your pants?
There is a difference in value.
A Corvette experts opinion would be prudent before making an offer.

cdnpinhead

You need to remember that we've got a Forrest Gump thing going on here.

abacomike

explorerx4 said:

Mike, Great story, but you were taking a big chance. Can you really feel the difference between a 390 and 435 hp 427 engine by the seat of your pants? There is a difference in value. A Corvette experts opinion would be prudent before making an offer.

You definitely can feel the difference!  It's all in the clutch - that heavy-duty clutch (spring loaded) literally can cause whiplash  if properly engaged.  40-45 hp makes a lot of difference in off-the-line torque/ power on a fiberglass vs. steel exterior.

I checked on several sites and $150,000 for that car would have been a steal.  But without having a tech with me, that was all I was willing to go.

abacomike

berri said:

I think 60's muscle car pricing has gotten crazy, crazy. I thought it was just well to do Boomers, but recently read that Gen X'rs and Millenials with dough have gotten into them too.

I was looking at this purchase as merely a fast way to make some big bucks so I could distribute the profits to my remaining children and grandchildren.  But I was not as stupid as cdnpinhead might have envisioned. 

berri

...so you bought the box of chocolates

abacomike

berri said:

...so you bought the box of chocolates

2-boxes!!! 

venture

abacomike said:

explorerx4 said:

Mike,
Great story, but you were taking a big chance.
Can you really feel the difference between a 390 and 435 hp 427 engine by the seat of your pants?
There is a difference in value.
A Corvette experts opinion would be prudent before making an offer.

You definitely can feel the difference!  It's all in the clutch - that heavy-duty clutch (spring loaded) literally can cause whiplash  if properly engaged.  40-45 hp makes a lot of difference in off-the-line torque/ power on a fiberglass vs. steel exterior.

I checked on several sites and $150,000 for that car would have been a steal.  But without having a tech with me, that was all I was willing to go.



Mike - If you remember, I had the same car, same color, side pipes, etc., except it was the 4 barrel carburetor, 390 HP version. There was a difference. I had a friend who had the 435 HP version at that time, but it was maroon.

I still miss it occasionally.

oldfarmer50

abacomike said:

Just got home from an 8 hour go-round with a Chevy dealer that is about 30 miles from where I live.  It all started like this:

Late this morning after taking my daily walk, I had nothing to do.  I did not feel like going home and spending the day watching some news channel, so I went to a Chevy dealer close to the shopping center where I take my walks to look at the new Stingray.  I always was partial to the Corvette after owning a 1967 Stingray fastback 427 coupe.

I got out of my car and walked outside to view what they had in stock in a Stingray.  Remember, guys, I can get into one, but getting out of the Vette is quite another thing.  During my walk, I was approached by a salesman.  He asked me what I was interested in and I responded that I had a '67 Stingray Fastback Coupe and was always intrigued by the Corvette Stingray.  He stopped me in mid-sentence and asked me if I might be interested in a '67 Fastback Coupe with a 427 V8 with 435 hp in a manual transmission.  I gasped!  I asked him what color - and when he responded it was a metallic medium blue with black interior, I began a nuclear meltdown - he could have easily seen the perspiration dripping down my sideburns.

He told me to follow him and we went inside the service department shop and I saw this Stingray up on the lift - he said it was a 1967 427 V8 Stingray fastback with 435 hp, a Muncie 4-speed, and exterior side exhaust pipes.  I thought I had died and gone to heaven.

I asked the salesman what it was doing on the lift - he said it was having new brakes put on, new tires, and a new master brake cylinder installed.  He said it had 67,400 original miles and was sold to the dealership by an estate.

I asked him what the dealership wanted for the car.  He said he would check with management.  After 8 hours of grueling negotiations, I would not give them $175,000 for the car.  I had offered $150,000 as my final offer.  They refused my offer.  I figured if I could buy an exact duplicate of the car I had in 1967 for $150,000 (very low bid for a car with such low original mileage) I could easily sell it for a quick $200,000, assuming excellent condition, which is what is was.  I drove the car at about 3:00 PM and it was like I was 23 years old again - great condition and superior handling.

I guess it was not meant to be!

Holy Cow! You'd throw down $150k on a whim? My hat's off to you. There's a local garage near me that owns a blue 67 Corvette 427. He says it's worth $100k. Maybe you should talk to him. Seems like a bargain.


Got an email from my Ford dealer trying to dump leftover 2015 models. Offered $2000 "trade assistance". Seems pretty small for cars that will soon be 2 years old.

This is their definition of trade assistance:

1. $2,000 Retail Trade-Assist is available to customers who currently own or lease a 1995 or newer vehicle who trade-in or have a lease expiring from 30 days prior to through 90 days after new retail delivery. Customer must have owned or leased the trade-in vehicle for a minimum of 30 days prior to the sale date of the new vehicle. Not all buyers qualify for Ford Credit financing. 0% APR financing for 60 months at $16.67 per month per $1,000 financed regardless of down payment. Not available on Focus Electric. For all offers, take new retail delivery from dealer stock by 2/29/16. See dealer for qualifications and complete details.


Nice to know I can still get $2,000 for the old Lincoln.

abacomike

@oldfarmer50:

OF, it's the condition and low miles.  The 427 V8 was completely overhauled as was the Muncie Transmission.  The car was in pristine condition.  All that adds value.  I've seen cars like that go for $190,000+ on the televised auctions.  But I was not going to spend that much because I could not make enough profit on a quick turn-around sale.

venture

I got my "Ancient Membership" badge yesterday. "Nobody remembers a time when this person wasn't a member here".

I don't know whether to be happy or insulted.

dino001

I got that one in June 2015. I wear my "age" proudly.

oldfarmer50

venture said:

I got my "Ancient Membership" badge yesterday. "Nobody remembers a time when this person wasn't a member here".

I don't know whether to be happy or insulted.

It just means that all us old guys have bad memories. Wait until you get the really Ancient Member badge. That's where nobody remembers where they parked their car.

oldfarmer50

Stop the presses!

My dealer where I bought the wife's 2009 PT Cruiser just sent me a mailer offering $2176 for her car in trade. Wow. Lucky that she's only got 31k miles on it or it might have REALLY depreciated.

I wonder if anyone ever runs right over to the dealer after receiving one of these low balls? I realize that the PT isn't "in high demand" as the letter stated but I see 20 year old hulks with 150,000 miles on CL for more than $2100.

qbrozen

I'd bet it has nothing to do with your exact vehicle. Meaning, they may know you have an '09 PT Cruiser, but they didn't go and price out your mileage and condition. The computer just assumed average miles and average condition. Not sure what model she has, but $1500-$2k would be correct for a Touring with 90k-100k miles.

PF_Flyer

My daughter gets those notices all the time on the 2007 Versa she got from us. No way they can know the car has almost 170,000 miles on it. Just a way to try and get someone into a showroom I suppose.

Mr_Shiftright

Still, Mike, you'd want someone to check every number and every date code on that car. Without documentation, the resale value could be compromised substantially. The amount of monkey business that goes on with vintage Corvettes demands a high degree of attentiveness to detail.

If it's a genuine L71, and is actually driven and not trailered everywhere, I'd say $160K is fair enough.

bwia

This Buick Avista has a remarkable resemblance to the Jaguar. Front is nice but the rear not so much.
http://img-s-msn-com.akamaized.net/tenant/amp/entityid/BBpuYj4.img?h=373&w=624&m=6&q=60&o=f&l=f&x=1263&y=904

abacomike

Mr_Shiftright said:

Still, Mike, you'd want someone to check every number and every date code on that car. Without documentation, the resale value could be compromised substantially. The amount of monkey business that goes on with vintage Corvettes demands a high degree of attentiveness to detail. If it's a genuine L71, and is actually driven and not trailered everywhere, I'd say $160K is fair enough.

No question that everything would be contingent on a thorough examination of the car.  I saw all the paperwork including the original manuals, all maintenance and service paperwork since 1967, the original MSRP sticker, original bill of sale, etc.  it is a one-owner vehicle.

They wanted a lot more than $160,000, but I would not pay a penny more than $150,000.

jayrider

oldfarmer50 said:

Stop the presses!

My dealer where I bought the wife's 2009 PT Cruiser just sent me a mailer offering $2176 for her car in trade. Wow. Lucky that she's only got 31k miles on it or it might have REALLY depreciated.

I wonder if anyone ever runs right over to the dealer after receiving one of these low balls? I realize that the PT isn't "in high demand" as the letter stated but I see 20 year old hulks with 150,000 miles on CL for more than $2100.

They wouldn't keep sending those offers out if it didn't generate sales.

jayrider

abacomike said:

Mr_Shiftright said:

Still, Mike, you'd want someone to check every number and every date code on that car. Without documentation, the resale value could be compromised substantially. The amount of monkey business that goes on with vintage Corvettes demands a high degree of attentiveness to detail.

If it's a genuine L71, and is actually driven and not trailered everywhere, I'd say $160K is fair enough.

No question that everything would be contingent on a thorough examination of the car.  I saw all the paperwork including the original manuals, all maintenance and service paperwork since 1967, the original MSRP sticker, original bill of sale, etc.  it is a one-owner vehicle.

They wanted a lot more than $160,000, but I would not pay a penny more than $150,000.

I wonder if they took you serious at 150K. You could always go back as a firm buyer at that price [with inspection] and give them 24 hours to take your money. Make sure the manager is aware of your offer before you leave.

abacomike

I found a great test drive of the 1967 Corvette large block - I had the same identical one in the deep blue.

www.youtube.com/watch?v=A7GLTSg7ieI

Mr_Shiftright

Matching #s is important on that car. It's not uncommon for people to have raced these cars and blow up the engines. So you have to check for replacement blocks and also the date codes---sometimes I see them with the right YEAR engine but the date code is later than the build date for the car. You will sometimes see an engine date code that is a few weeks before the car's date code, but never after.

A wrong engine could cost you 30% in value. A wrong transmission, not so much. An actual build sheet is golden.

driver100

oldfarmer50 said:

abacomike said:

Just got home from an 8 hour go-round with a Chevy dealer that is about 30 miles from where I live.  It all started like this:

Late this morning after taking my daily walk, I had nothing to do.  I did not feel like going home and spending the day watching some news channel, so I went to a Chevy dealer close to the shopping center where I take my walks to look at the new Stingray.  I always was partial to the Corvette after owning a 1967 Stingray fastback 427 coupe.

I got out of my car and walked outside to view what they had in stock in a Stingray.  Remember, guys, I can get into one, but getting out of the Vette is quite another thing.  During my walk, I was approached by a salesman.  He asked me what I was interested in and I responded that I had a '67 Stingray Fastback Coupe and was always intrigued by the Corvette Stingray.  He stopped me in mid-sentence and asked me if I might be interested in a '67 Fastback Coupe with a 427 V8 with 435 hp in a manual transmission.  I gasped!  I asked him what color - and when he responded it was a metallic medium blue with black interior, I began a nuclear meltdown - he could have easily seen the perspiration dripping down my sideburns.

He told me to follow him and we went inside the service department shop and I saw this Stingray up on the lift - he said it was a 1967 427 V8 Stingray fastback with 435 hp, a Muncie 4-speed, and exterior side exhaust pipes.  I thought I had died and gone to heaven.

I asked the salesman what it was doing on the lift - he said it was having new brakes put on, new tires, and a new master brake cylinder installed.  He said it had 67,400 original miles and was sold to the dealership by an estate.

I asked him what the dealership wanted for the car.  He said he would check with management.  After 8 hours of grueling negotiations, I would not give them $175,000 for the car.  I had offered $150,000 as my final offer.  They refused my offer.  I figured if I could buy an exact duplicate of the car I had in 1967 for $150,000 (very low bid for a car with such low original mileage) I could easily sell it for a quick $200,000, assuming excellent condition, which is what is was.  I drove the car at about 3:00 PM and it was like I was 23 years old again - great condition and superior handling.

I guess it was not meant to be!

Got an email from my Ford dealer trying to dump leftover 2015 models. Offered $2000 "trade assistance". Seems pretty small for cars that will soon be 2 years old.

This is their definition of trade assistance:

1. $2,000 Retail Trade-Assist is available to customers who currently own or lease a 1995 or newer vehicle who trade-in or have a lease expiring from 30 days prior to through 90 days after new retail delivery. Customer must have owned or leased the trade-in vehicle for a minimum of 30 days prior to the sale date of the new vehicle. Not all buyers qualify for Ford Credit financing. 0% APR financing for 60 months at $16.67 per month per $1,000 financed regardless of down payment. Not available on Focus Electric. For all offers, take new retail delivery from dealer stock by 2/29/16. See dealer for qualifications and complete details.


Nice to know I can still get $2,000 for the old Lincoln.

I am a little tired today but I don't know if I fully understand the Ford Trade-Assist program. Does it mean that they will give you $2000 more than your trade would normally be worth if you comply with all the other stipulations? Are you saying you would get $2000 for the Lincoln because it is worth $0? How do we know they won't knock off $1000 or $2000 from the real trade-in value?

And, what does " Ford Credit financing. 0% APR financing for 60 months at $16.67 per month per $1,000" mean? How can it be 0% if you pay $16.67 per $1000? I am not an English or math scholar, but what does it mean.

jwm40517

Even when interest is zero, you still have to repay the amount borrowed. $ 1000 divided by 60 is $16.67 for each $1000 borrowed.

cdnpinhead

The voice of reason. Nice counterpoint.

Of course, in today's world (leaving politics out of it), having to pay back the principal shouldn't be necessary. Maybe that's just for student loans -- I can't keep track.

abacomike

@driver100 said:

"And, what does " Ford Credit financing. 0% APR financing for 60 months at $16.67 per month per $1,000" mean? How can it be 0% if you pay $16.67 per $1000? I am not an English or math scholar, but what does it mean."

I agree with you about not being a math scholar, driver!   

Since the dealer has no idea how much a customer will finance at 0% when he runs an ad, a customer can determine his/her approximate monthly payment by multiplying by $16.67 for every thousand borrowed.  So if the customer borrows $20,000, just multiply $16.67 X 20 = $333.40 per month X 60 = $20,004.  So the final payment would be $329.40 to make up for the $4.00.   

oldfarmer50

qbrozen said:

I'd bet it has nothing to do with your exact vehicle. Meaning, they may know you have an '09 PT Cruiser, but they didn't go and price out your mileage and condition. The computer just assumed average miles and average condition. Not sure what model she has, but $1500-$2k would be correct for a Touring with 90k-100k miles.

Oh of course those "personalized" junk mailers have nothing to do with real value. I priced her car on Edmunds a few months ago and trade value was around $4700.

Regardless of depreciation a car which functions well as a basic grocery getter is always worth more than any trade value.

oldfarmer50

driver100 said:

oldfarmer50 said:

abacomike said:

Just got home from an 8 hour go-round with a Chevy dealer that is about 30 miles from where I live.  It all started like this:

Late this morning after taking my daily walk, I had nothing to do.  I did not feel like going home and spending the day watching some news channel, so I went to a Chevy dealer close to the shopping center where I take my walks to look at the new Stingray.  I always was partial to the Corvette after owning a 1967 Stingray fastback 427 coupe.

I got out of my car and walked outside to view what they had in stock in a Stingray.  Remember, guys, I can get into one, but getting out of the Vette is quite another thing.  During my walk, I was approached by a salesman.  He asked me what I was interested in and I responded that I had a '67 Stingray Fastback Coupe and was always intrigued by the Corvette Stingray.  He stopped me in mid-sentence and asked me if I might be interested in a '67 Fastback Coupe with a 427 V8 with 435 hp in a manual transmission.  I gasped!  I asked him what color - and when he responded it was a metallic medium blue with black interior, I began a nuclear meltdown - he could have easily seen the perspiration dripping down my sideburns.

He told me to follow him and we went inside the service department shop and I saw this Stingray up on the lift - he said it was a 1967 427 V8 Stingray fastback with 435 hp, a Muncie 4-speed, and exterior side exhaust pipes.  I thought I had died and gone to heaven.

I asked the salesman what it was doing on the lift - he said it was having new brakes put on, new tires, and a new master brake cylinder installed.  He said it had 67,400 original miles and was sold to the dealership by an estate.

I asked him what the dealership wanted for the car.  He said he would check with management.  After 8 hours of grueling negotiations, I would not give them $175,000 for the car.  I had offered $150,000 as my final offer.  They refused my offer.  I figured if I could buy an exact duplicate of the car I had in 1967 for $150,000 (very low bid for a car with such low original mileage) I could easily sell it for a quick $200,000, assuming excellent condition, which is what is was.  I drove the car at about 3:00 PM and it was like I was 23 years old again - great condition and superior handling.

I guess it was not meant to be!

Got an email from my Ford dealer trying to dump leftover 2015 models. Offered $2000 "trade assistance". Seems pretty small for cars that will soon be 2 years old.

This is their definition of trade assistance:

1. $2,000 Retail Trade-Assist is available to customers who currently own or lease a 1995 or newer vehicle who trade-in or have a lease expiring from 30 days prior to through 90 days after new retail delivery. Customer must have owned or leased the trade-in vehicle for a minimum of 30 days prior to the sale date of the new vehicle. Not all buyers qualify for Ford Credit financing. 0% APR financing for 60 months at $16.67 per month per $1,000 financed regardless of down payment. Not available on Focus Electric. For all offers, take new retail delivery from dealer stock by 2/29/16. See dealer for qualifications and complete details.


Nice to know I can still get $2,000 for the old Lincoln.

I am a little tired today but I don't know if I fully understand the Ford Trade-Assist program. Does it mean that they will give you $2000 more than your trade would normally be worth if you comply with all the other stipulations? Are you saying you would get $2000 for the Lincoln because it is worth $0? How do we know they won't knock off $1000 or $2000 from the real trade-in value?

And, what does " Ford Credit financing. 0% APR financing for 60 months at $16.67 per month per $1,000" mean? How can it be 0% if you pay $16.67 per $1000? I am not an English or math scholar, but what does it mean.

I assume that the $2000 is the result of some sort of trunk money given to the dealer so he can overvalue your trade. I'd bet they would say my Lincoln was worth zero and bump it to $2000. With my Ford I was able to get that much off just for the asking.


Thanks to the math wizzards for explaining the mechanics of 0% financing. I figured that was the case but was too lazy to do the calculation.

roadburner

cdnpinhead said:

The voice of reason. Nice counterpoint.

Of course, in today's world (leaving politics out of it), having to pay back the principal shouldn't be necessary. Maybe that's just for student loans -- I can't keep track.

In the early '80s I was representing a landowner who had sold some farmland with a lien retained. We were foreclosing because the buyer was in default. The default was caused by the buyer's inability to get another annual farm loan from the old PCA because he was overextended. His defense was that he shouldn't have to repay the PCA loans because the PCA loaned him too much money and should have known he couldn't pay them back. And he pled "Impossibility of Performance" as a defense to my foreclosure. I was in the case for years because the judge was a legal illiterate who allowed the debtor to make all those crazy arguments...

PF_Flyer

Gotta love Oscar time and Turner Classic Movies... this afternoon's feature, Grand Prix (1966)

henryn

The "trade assist" is just like any other incentive. It does not actually show up as part of your trade in. You have to have a "trade in" in order to qualify for the incentive, that's all. You can drag in a junker, not running, and they will show you scrap metal value on your trade in ($100?), but you will still get the $2,000 trade in incentive. It is exactly like the $500 military bonus, or the $1,000 owner loyalty (must prove you currently own same make of car), etc, etc.

And they really do get scrap metal junkers, I've seen some of them.

Michaell

PF_Flyer said:

Gotta love Oscar time and Turner Classic Movies... this afternoon's feature, Grand Prix (1966)

Thanks for the heads up ... just flipped the TV on in my home office to this.

Gotta love the lack of safety features in the cars and on the courses!

henryn

If you have a computer (who doesn't), and you have excel software installed (or just about any other spreadsheet program), here is the formula for a monthly payment:

=pmt(1.99%/12,48,10000)

@pmt will also work.

Three fields. The first field is the monthly interest rate. If your credit union is offering 1.99% annual rate, then you would enter that divided by 12 (in my example above). And do enter the actual percent sign, as shown.

The second field is the number of months, 48 in my example.

The third field is the amount financed, in my example $10,000.

=pmt(0%,60,1000) will return $16.67

but then, so will =(1000/60) (smile)

PF_Flyer

Michaell said:

PF_Flyer said:

Gotta love Oscar time and Turner Classic Movies... this afternoon's feature, Grand Prix (1966)

Thanks for the heads up ... just flipped the TV on in my home office to this.

Gotta love the lack of safety features in the cars and on the courses!

Yea, the technology is one of the great parts of the film. Really a great look at 1960's era racing.

stickguy

also many nice free calculators out on the internet. all formatted up pretty for you!

I got one of those "we need your trade" flyers a few weeks back, for the wife's RDX. I think they had listed 28K or some such. She actually perked up at that (considering it was not much less than we paid 3.5 years ago!), I think visions of an MDX dancing in her head.

so I squinted and read the fine print. I seem to recall something about $.20/mile? maybe referenced KBB. In any case, I think my in the head quick calculation was maybe 19K? IOW probably actual trade in value.

Basically the number listed was made up to grab your attention, as expected.

explorerx4

MKC test drive continued...
My wife didn't like the brown interior, so the salesguy said he would try and locate one.
He found a 2016 with a black interior that they could trade for.
Top trim package (Reserve), 2.3 engine, 20 inch wheels.
She said she wouldn't commit to buying until she saw it.
$250 over invoice minus $1000 incentive(cash not trade in).
We'll see if it shows up.
If it does show up, I'm sure she will like it.
If we do complete the deal, I'll give the trade in numbers.

berri

If someone isn't comfortable with formulas in excel, and it is easy to mess up if you're not careful, you can also just go to fx advanced function and pull up PMT with windows to fill in.

abacomike

explorerx4 said:

MKC test drive continued... My wife didn't like the brown interior, so the salesguy said he would try and locate one. He found a 2016 with a black interior that they could trade for. Top trim package (Reserve), 2.3 engine, 20 inch wheels. She said she wouldn't commit to buying until she saw it. $250 over invoice minus $1000 incentive(cash not trade in). We'll see if it shows up. If it does show up, I'm sure she will like it. If we do complete the deal, I'll give the trade in numbers.

Sounds promising, explorer.  Price sure sounds stupendous with the $1000 incentive.  Keep us updated. 

driver100

jwm40517 said:

Even when interest is zero, you still have to repay the amount borrowed. $ 1000 divided by 60 is $16.67 for each $1000 borrowed.

Thanks jwm..........now it makes sense.

driver100

abacomike said:

@driver100 said:

"And, what does " Ford Credit financing. 0% APR financing for 60 months at $16.67 per month per $1,000" mean? How can it be 0% if you pay $16.67 per $1000? I am not an English or math scholar, but what does it mean."

I agree with you about not being a math scholar, driver!   

Since the dealer has no idea how much a customer will finance at 0% when he runs an ad, a customer can determine his/her approximate monthly payment by multiplying by $16.67 for every thousand borrowed.  So if the customer borrows $20,000, just multiply $16.67 X 20 = $333.40 per month X 60 = $20,004.  So the final payment would be $329.40 to make up for the $4.00.   

Thanks Mike too, just $16.67 per $1000. Seems like so little for a new car, oh yeh, I need about 25 of those thousands so it will be $16.67X25 = about $516 a month....sure does add up fast.