Edmunds Members - Cars and Conversations (Archived)

iluvmysephia1 · November 2017

brozen - here's the sales detail he e-mailed me last night.

Guaranteed
Savings off MSRP
$2,266 Total Before Tax
$14,719
This in-stock Vehicle Includes
Exterior Color: Stealth
Interior Color: Mid Blue Black
Base MSRP + $15,950
Factory-Installed Options - $10
Freight Delivery Fee + $895
Total MSRP + $16,835 Total MSRP
$16,835
Market Adjustment Premium + $34
2017 Toyota Yaris iA Factory Cash Back - $2,000
Bonus Savings - $300
Guaranteed Savings - $2,266 Guaranteed
Savings off MSRP
- $2,266
Subtotal
Before Dealer Fees and Accessories $14,569
Documentation Fee + $150
Total Dealer Fees + $150 Dealer Fees
+ $150
Additional Accessories + 0
Dealer Accessories + $0 Dealer Accessories
+ $0
Total Before Tax $14,719

Looks like bonus savings of $300 minus a "Market Adjustment Premium" of $34 for a grand total of $266 additional savings.

qbrozen · November 2017

Yeah, it seems there is only like $100 between invoice and msrp on those, so that makes sense.

BTW, have you looked at other vehicles on truecar? Just an example, but a new 2017 Hyundai Accent SE sedan manual is showing $11,978 in my area.

qbrozen · November 2017

And a 2017 jetta 1.4T S at $14k.

iluvmysephia1 · November 2017

Yeah, it seems there is only like $100 between invoice and msrp on those, so that makes sense.

BTW, have you looked at other vehicles on truecar. Just an example, but a new 2017 Hyundai Accent SE sedan manual is showing $11,978 in my area.

Now is the time ta do just that, man. I have until Wednesday afternoon to head SW to the Tri-Cities. I will look at other cars but to me it's like taking a Foghat recording, brand new (Foghat is my fave band) and spinning it like a golf discus into Moses Lake. Then, looking down and seeing a brand new Black Sabbath record.

Mr. Yukko! No offense to anyone who's just bought a new Hyundai *cough*cough stick *cough.

iluvmysephia1 · November 2017

And a 2017 jetta 1.4T S at $14k.

I'll look at the Jetta online here.

qbrozen · November 2017

Wait a sec. Is a person who briefly drooled over a Chevy Spark turning his nose up at an Accent? LOL

iluvmysephia1 · November 2017

Wait a sec. Is a person who briefly drooled over a Chevy Spark turning his nose up at an Accent? LOL

I know, man. The human brain is a terrible thing to waste. I was gonna buy the used iA but TrueCar is making getting a new one possible. I just keep discovering cool things about the Yaris iA. Yesterday I saw on the scionia forum that the car has pushbutton start (which I can take or leave) and also automatic stop, if you're going 0-18mph! So, if my head is down looking at my cell at a stop light and I have the clutch pushed down and take my foot off the brake by accident the car is smart enough to stop on it's own so I don't smack into the new BMW in front of me here in Chelan.

oldfarmer50 · November 2017

qbrozen said:

iluvmysephia1 said:

2017 Toyota Yaris iA 6-speed manual Stealth

MSRP: $16,835
2017 Toyota Yaris iA
Manual
VIN: 3MYDLBYV6HY196131
Guaranteed
Savings off MSRP
$2,266 Total Before Tax
$14,719

Hey, guys, I've got my first offer. It's on a Stealth (black) 2017 Toyota Yaris iA. I am now a TrueCar member so I get the discounts given members. Plus Toyota is giving $2,000 cash back on 2017 iA's. I like this deal and I love this car. My salesman e-mailed me the above quote(about 8:00PM)just before he left the office. I told him to text me only and he said fine. Some of you might remember that the Stealthy black was the color of the iA I was going to Denver to buy that the dealer told me "just sold 1/2-hour before you got here." To their credit they were trying to call me - I had my phone laying there on the lower console of the '11 Kia Soul and didn't pick it up.

This TrueCar is the bomb, man. If they can handle my trade fairly we could have a deal soon. I have to go to work tomorrow night so this deal will have to wait until Wednesday as I work Sat. - Mon. nights and have to sleep on Tuesday during the day. On Wednesday I have to go to the doctor in Wenatchee early (9:45). Heck, I could drive to the Tri after the doctor I spose, so Wednesday will work. 2 hours 12 minutes yes, I could do that! I can't beat that price of $14,719. That's for a brand new stick shift 2017 Toyota Yaris iA.

For comparison sake, this is what I paid for my first new car in the spring of 1994, it was a brilliant blue 1994 Ford Escort SW. Automatic transmission, though. Yukko!

So Toyota has $2k cash back and his total discount is $2266? Only $266 discount on his part?

Isn't the difference between sticker and invoice only a few hundred dollars? Not much wiggle room but yeah, you'd figure invoice at least on a year old model year.

EDIT: I see Q already answered that question.

driver100 · November 2017

explorerx4 said:
@driver100.
I think of myself as a fairly practical person and I care enough about cars to own the same one for over 26 years.

In your case you are correct, owning a car for 26 years may not be the practical choice. It may cost more to keep a car on the road for 26 years than it would trading it in after 6 years - probably requires more time and effort. My guess is you are keeping that car for emotional reasons.

I was really referring to everyday drivers, not classic cars. I tell myself my car was a practical choice, safe, latest technology, comfortable, affordable (since kids are paying for it from inheritance) but, probably not the most practical choice....that would probably be a Corolla.

houdini1 · November 2017

roadburner said:
This weekend marks 22 years since I took delivery of my Club Sport. Time flies...

Wow, great car....but you are not supposed to post pics of yourself unless you are wearing a striped shirt !

houdini1 · November 2017

houdini1 said:

roadburner said:
This weekend marks 22 years since I took delivery of my Club Sport. Time flies...

Wow, great car....but you are not supposed to post pics of yourself unless you are wearing a striped shirt ! You ought to get your wife and son to pose with you now with a new pic of the car.

ab348 · November 2017

roadburner said:
This weekend marks 22 years since I took delivery of my Club Sport. Time flies...

Wow, new-car delivery day and it's already in the shop...

Congrats on the anniversary!

driver100 · November 2017

iluv....the price of the new one looks very good, especially since it is almost the same as what one with 28k miles would be...that is over 2 years of driving! That kind of makes up for the amount still owing on the Soul if you look at it that way.

My concern now would be trade in allowance, and how low are you willing to go. They know you want the new car and are willing to drive a long ways to consummate the deal....their leeway is the price they offer for the trade-in, which may be lower than expected.

You may want to have a target figure in mind, that you will not go below on the trade, and you may have to make it realistic......like $4000 or $4200.

The price for the new car sounds excellent (btw'''it does have a/c I hope), and you should get many years use of this new car......it is how you absorb the money still owing on the Soul that is the real trick.

Good luck...sounds like a dream within grasp.

iluvmysephia1 · November 2017

My concern now would be trade in allowance, and how low are you willing to go. They know you want the new car and are willing to drive a long ways to consummate the deal....their leeway is the price they offer for the trade-in, which may be lower than expected.

You may want to have a target figure in mind, that you will not go below on the trade, and you may have to make it realistic......like $4000 or $4200.

You're right, driver. It does all come down to trade-in allowance at this point. My car has 92,898 miles on it. I can "hold" at $4,000 value for it and be fine with putting $3,000 on to the $14,719. I could offer lower for their car than $14,719, too. Say $14,000. Try and trim down however I can. Then add the sales tax to the $17,000. Then figure the finance charge - keeping in mind a new car loan (I'd like ta go 60 months not 72) should have a lower percentage rate than a used car loan. My payment will be around $60 a month more but that's not a problem. Give or take a whisker or a hair.

My wife's concern over a mortage loan being adversely affected by this purchase is unfounded. Getting her to understand that is my job and...I'm going to need a flak jacket in order to pull this off.

houdini1 · November 2017

Iluv, will the new snow tires fit the iA?

suydam · November 2017

iluvmysephia1 said:
And gee, I seem to recall someone suggesting that the new version was a better deal at only of a few thousand dollars more...

stick - that's cool that breld and you have used TrueCar. It would definitely make more sense to use TrueCar and buy a new 2017 Toyota Yaris iA. I'd get the Warranty on it, which is something I was not feeling good about if I drove to Everett and bought the 2016 Scion iA. Plus, as driver pointed out, with this now being a new car loan I should get a lower interest rate.

After sleeping hard on this for the past 5 hours ( )I still want to look in to it. Our debt-to-income ratio is quite stealthy and this car purchase will not affect a home purchase in 5 or 6 months. That is something I just googled and figured out. I guess mortgage lenders don't figure your current rent in to your debt-to-income ratio. So we just have the small Soul monthly payment and a really small credit card balance to divide in to my gross income. Our DIR is really small. So I answered this question myself - the Yaris iA purchase won't affect our home search at all in the coming months. My car payment will go up but I already figured that in to my calculations. So this is a go. I'll talk to the car salesman by text today and tell him the day I'm coming over, which is Wednesday mid-afternoon. I will ask about getting one in the Pulse (red) color, however, that won't stop me from getting the black one if they can't find one in Pulse.

I remember wanting the Stealth (black) iA in the rootin' - shootin' Dodge City days and could easily see myself obsessing over the black paint job.

Ask your mortgage lender about that. Ours told us to hold off on major purchases until the loan was finalized. So we waited to get the Volt until our refinancing was done.

iluvmysephia1 · November 2017

houdini1 - good thinking! The Yaris iA has 185/60R-16's. The Soul has P195/65R15's. I'd need to call Discount Tire and find out. If they do I'd swap them off the Soul and have then put on the Yaris iA. The Soul's Goodyear Cooper Starfire's are in great shape with lots of tread still on them. Anyone know off the top of their head on that question? Otherwise I'll just give Wenatchee Discount Tire a call.

iluvmysephia1 · November 2017

Ask your mortgage lender about that. Ours told us to hold off on major purchases until the loan was finalized. So we waited to get the Volt until our refinancing was done.

suydam - valid point. I'll text our mortgage loan officer on that question just to be sure before I deal. I don't know if I'll bug him this weekend but he told us that we could get a hold of him on weekends, even, so I might. We pretty much need ta know that.

My point is that we haven't signed on the dotted line for a mortgage loan and won't for another 4 months at least. To me that would be extremely conservative or actually paranoid of a mortgage lender. But I've been wrong before.

iluvmysephia1 · November 2017

http://www.nwahomepage.com/news/walmart-opens-first-outdoor-pickup-tower-in-nwa/859424770

Hey guys, check out the link above. Wal*Mart has opened this "goodie tower" thingie up in Bentonville, AR, where you can go online, order something and then come pick it up fairly soon after ordering it. You never have to go inside the store.

dino001 · November 2017

iluvmysephia1 said:
Ask your mortgage lender about that. Ours told us to hold off on major purchases until the loan was finalized. So we waited to get the Volt until our refinancing was done.

suydam - valid point. I'll text our mortgage loan officer on that question just to be sure before I deal. I don't know if I'll bug him this weekend but he told us that we could get a hold of him on weekends, even, so I might. We pretty much need ta know that.

My point is that we haven't signed on the dotted line for a mortgage loan and won't for another 4 months at least. To me that would be extremely conservative or actually paranoid of a mortgage lender. But I've been wrong before.

Your wife is generally correct that any recent (up to 12 months) new credit activity will affect adversely the credit score. The only question is by how much. If you are one of those 800+ (850 scale), you have absolutely nothing to worry about, at all, as the impact will not change your overall crediworthiness. If you are say “excellent”, but say closer to bottom of the bracket (say 720-750), it is a real concern. If you are saying that it will be a few months, then the sooner you close on the car, the better. Ideally 6 months before the house, but even 3 months is better than say 1 month.

iluvmysephia1 · November 2017

houdini1 - good thinking! The Yaris iA has 185/60R-16's. The Soul has P195/65R15's. I'd need to call Discount Tire and find out. If they do I'd swap them off the Soul and have then put on the Yaris iA. The Soul's Goodyear Cooper Starfire's are in great shape with lots of tread still on them. Anyone know off the top of their head on that question? Otherwise I'll just give Wenatchee Discount Tire a call.

They won't swap over from the '11 Kia Soul to the '17 Toyota Yaris iA because the Yaris' tire size is 1" larger. I kind of thought so but now I've had it verified by Discount Tire store of Wenatchee. Another expense, then.

iluvmysephia1 · November 2017

Your wife is generally correct that any recent (up to 12 months) new credit activity will affect adversely the credit score. The only question is by how much. If you are one of those 800+ (850 scale), you have absolutely nothing to worry about, at all, as the impact will not change your overall crediworthiness. If you are say “excellent”, but say closer to bottom of the bracket (say 720-750), it is a real concern. If you are saying that it will be a few months, then the sooner you close on the car, the better. Ideally 6 months before the house, but even 3 months is better than say 1 month.

dino001 - I will get a hold of our mortgage lender agent either later today or on Monday. Probably Monday - let him enjoy his family this weekend. We're at 700 for our credit score. We're paying off our credit card the same month we charge on it. I thank you for that information - it tells me that I need to deal this week, that's what it tells me.

"Jethro, get your gun. You and I are goin' huntin!"

No, I appreciate your input so much, dino001. I will find out more on Monday from the loan officer. If he does say hold, I will not buy the '17 Toyota Yaris iA in 6 stealthy speeds. Now, anyway. We're about 5-6 months till we move out of here into our own house in eastern Washington. My guess is that I can go ahead and get the car.

dino001 · November 2017

iluvmysephia1 said:
Your wife is generally correct that any recent (up to 12 months) new credit activity will affect adversely the credit score. The only question is by how much. If you are one of those 800+ (850 scale), you have absolutely nothing to worry about, at all, as the impact will not change your overall crediworthiness. If you are say “excellent”, but say closer to bottom of the bracket (say 720-750), it is a real concern. If you are saying that it will be a few months, then the sooner you close on the car, the better. Ideally 6 months before the house, but even 3 months is better than say 1 month.

dino001 - I will get a hold of our mortgage lender agent either later today or on Monday. Probably Monday - let him enjoy his family this weekend. We're at 700 for our credit score. We're paying off our credit card the same month we charge on it. I thank you for that information - it tells me that I need to deal this week, that's what it tells me.

"Jethro, get your gun. You and I are goin' huntin!"

No, I appreciate your input so much, dino001. I will find out more on Monday from the loan officer. If he does say hold, I will not buy the '17 Toyota Yaris iA in 6 stealthy speeds. Now, anyway. We're about 5-6 months till we move out of here into our own house in eastern Washington. My guess is that I can go ahead and get the car.

I hope it will work out for you. Banks give their officers some discretion, but there are also stories of mortgages being called off for siliest reasons, because the computer said so. One of classic mistakes people make is buying furniture, or appliances on credit before the closing, opening new accounts. It can literally derail it, so it is a great idea to talk to the bank loan officers, explain the situation and ask for best course of action. They could even run a simulation for you, based on you explained moves. One thing for sure - if you are planning to close in months, they’ll run you credit again and reevaluate you regardlesss.

suydam · November 2017

It may also affect the size of loan you can get.

qbrozen · November 2017

iluvmysephia1 said:

My concern now would be trade in allowance, and how low are you willing to go. They know you want the new car and are willing to drive a long ways to consummate the deal....their leeway is the price they offer for the trade-in, which may be lower than expected. You may want to have a target figure in mind, that you will not go below on the trade, and you may have to make it realistic......like $4000 or $4200. You're right, driver. It does all come down to trade-in allowance at this point. My car has 92,898 miles on it. I can "hold" at $4,000 value for it and be fine with putting $3,000 on to the $14,719. I could offer lower for their car than $14,719, too. Say $14,000. Try and trim down however I can. Then add the sales tax to the $17,000. Then figure the finance charge - keeping in mind a new car loan (I'd like ta go 60 months not 72) should have a lower percentage rate than a used car loan. My payment will be around $60 a month more but that's not a problem. Give or take a whisker or a hair. My wife's concern over a mortage loan being adversely affected by this purchase is unfounded. Getting her to understand that is my job and...I'm going to need a flak jacket in order to pull this off.

If you pay tax on $17k, you've done something wrong.

iluvmysephia1 · November 2017

I hope it will work out for you. Banks give their officers some discretion, but there are also stories of mortgages being called off for siliest reasons, because the computer said so. One of classic mistakes people make is buying furniture, or appliances on credit before the closing, opening new accounts. It can literally derail it, so it is a great idea to talk to the bank loan officers, explain the situation and ask for best course of action. They could even run a simulation for you, based on you explained moves. One thing for sure - if you are planning to close in months, they’ll run you credit again and reevaluate you regardlesss.

dino - and everyone - I just texted my mortgage guy and laid out the numbers to him. He said it "shouldn't be an issue at all."

"Jethro - go get yer gun, you and I are goin' huntin'!" I also told him that Lord willin' and the creek don't rise I don't plan on buying anything else major in the next several months. Because I don't. Except a house.

So much for me calling him during banker's hours!

iluvmysephia1 · November 2017

iluvmysephia1 said:
My concern now would be trade in allowance, and how low are you willing to go. They know you want the new car and are willing to drive a long ways to consummate the deal....their leeway is the price they offer for the trade-in, which may be lower than expected. You may want to have a target figure in mind, that you will not go below on the trade, and you may have to make it realistic......like $4000 or $4200. You're right, driver. It does all come down to trade-in allowance at this point. My car has 92,898 miles on it. I can "hold" at $4,000 value for it and be fine with putting $3,000 on to the $14,719. I could offer lower for their car than $14,719, too. Say $14,000. Try and trim down however I can. Then add the sales tax to the $17,000. Then figure the finance charge - keeping in mind a new car loan (I'd like ta go 60 months not 72) should have a lower percentage rate than a used car loan. My payment will be around $60 a month more but that's not a problem. Give or take a whisker or a hair. My wife's concern over a mortage loan being adversely affected by this purchase is unfounded. Getting her to understand that is my job and...I'm going to need a flak jacket in order to pull this off.
If you pay tax on $17k, you've done something wrong.

brozen - I don't do this very often. The last new car I bought was the 2008 Mitsubishi Lancer GTS in Rally Red paint on March 21, 2007. My ears are wide open. I've turned the Vertical Horizon off and I'm listening.

Am I giving the dealer way too much?

imidazol97 · November 2017

Does It help to prepay credit card top reduce the amount billed on the next statement?

iluvmysephia1 · November 2017

Does It help to prepay credit card top reduce the amount billed on the next statement?

Huh? I'm certainly not that...umm....&^%$-retentive. I pay the credit card off after I charge something on it, imidazol97. It doesn't quite defeat the purpose of having a credit card, but...well, you know. Actually, when people's credit is shot and they've gone bankrupt, that is exactly what the bank has you do. You pre-pay a certain amount determined by your bank to be your credit limit allowed on your new credit card. It's a way of helping someone build their credit score back up.

driver100 · November 2017

houdini1 said:

roadburner said:
This weekend marks 22 years since I took delivery of my Club Sport. Time flies...

Wow, great car....but you are not supposed to post pics of yourself unless you are wearing a striped shirt !

Only driver100 would dare to wear stripes!

oldfarmer50 · November 2017

Just got a mailer from the local Mitsu dealer with some pretty heavy discounts on the whole line. $5k off a $24k Outlander Sport and $4352 off a $16k Mirage. If somebody wanted a tiny little city car a Mirage at $11.6k might be attractive.

abacomike · November 2017

imidazol97 said:
Does It help to prepay credit card top reduce the amount billed on the next statement?

Yes and No! By pre-paying your balance prior to the "statement date", the credit card company reports a "0" balance to the three(3) credit reporting agencies (Transunion, Experian, and Equifax). If you show "0" balances on all your credit cards consistently, it will negatively affect your Credit Score because there is no "payment" history available - thus the credit agencies have no basis upon which to rate your payment history or use of revolving credit - a part of the FICO score.

On the other hand, if you show balances owed on revolving credit (credit cards) and you "pre-pay" all those balances before the next statement date, it will be a positive variable in raising your FICO score because it shows several thousand dollars utilize on revolving credit - but the next month it shows "0" balances which reflects a consumer who pays off his debt. But, if you only pay after the statement date, which means you are showing differing balances each month, it "can" or "might" negatively affect your FICO score since you are utilizing revolving credit constantly.

I usually prepay my credit card balances 3-4 days prior to my closing date for each credit card (I only use two of the four credit cards I have).to show short-term "0" balances. This month, I did not pre-pay my AMEX and will not pre-pay my VISA to allow balances to be reported to the credit agencies. Next month, I will pre-pay both card balances several days prior to the closing dates to show that I utilized revolving credit but then paid off both balances to show "0" balances on both cards.

I hope this helps a bit.

dino001 · November 2017

In other words, prepay only month before you apply for a new credit. It only matters if you need to push your score up to move to the next bracket before you apply.

driver100 · November 2017

oldfarmer50 said:
Just got a mailer from the local Mitsu dealer with some pretty heavy discounts on the whole line. $5k off a $24k Outlander Sport and $4352 off a $16k Mirage. If somebody wanted a tiny little city car a Mirage at $11.6k might be attractive.

A car pulled out in front of me the other day, and it had the smallest and thinnest tires I have seen on a car. I caught that it was a Mitsu but couldn't catch which model. It may have been a Mirage. I thought to myself would I ever drive a car that had power mower sized wheels on it....about as wide as a bicycle tire?

iluvmysephia1 · November 2017

driver - that's a Mitsubishi Mirage G4 sedan. I don't like the looks of it - I'd get the Mirage hatch.

driver100 · November 2017

A little more balanced looking, but still, looks like it could get pushed over in a strong wind.........

isellhondas · November 2017

dino001 said:

driver100 said:

I wouldn't buy one if they gave me a $10000 discount under sticker.

For about $35k it is something a little unique and wild and crazy, if you are into wild and crazy.
How about 50 grand, Driver? My local Brandon dealer thinks that the right price for Civic R with a few accessories. But he’s been thinking it for last month or so and no buyers.

I know just the type of crowd those Civics will attract! Were I still in the business and working the Auto Show I would stay FAR away from the one on display!

isellhondas · November 2017

iluvmysephia1 said:
Wait a sec. Is a person who briefly drooled over a Chevy Spark turning his nose up at an Accent? LOL

I know, man. The human brain is a terrible thing to waste. I was gonna buy the used iA but TrueCar is making getting a new one possible. I just keep discovering cool things about the Yaris iA. Yesterday I saw on the scionia forum that the car has pushbutton start (which I can take or leave) and also automatic stop, if you're going 0-18mph! So, if my head is down looking at my cell at a stop light and I have the clutch pushed down and take my foot off the brake by accident the car is smart enough to stop on it's own so I don't smack into the new BMW in front of me here in Chelan.

Our 2016 CRV has push button start. Big deal! So did my 1952 Chevy! Just like auto headlights. Who needs them? I can see when it's dark or rainy and I know where the switch is. Maybe I'm missing something?

iluvmysephia1 · November 2017

Yeah, I decided about two years ago ta dump the Mitsubishi Mirage idea. Too small for us. The '17 Toyota Yaris iA is going to be large enough for the two of us humans and two of us canines. But by no means will the compact be too big. Compact or subcompact?

qbrozen · November 2017

iluvmysephia1 said:

iluvmysephia1 said: My concern now would be trade in allowance, and how low are you willing to go. They know you want the new car and are willing to drive a long ways to consummate the deal....their leeway is the price they offer for the trade-in, which may be lower than expected. You may want to have a target figure in mind, that you will not go below on the trade, and you may have to make it realistic......like $4000 or $4200. You're right, driver. It does all come down to trade-in allowance at this point. My car has 92,898 miles on it. I can "hold" at $4,000 value for it and be fine with putting $3,000 on to the $14,719. I could offer lower for their car than $14,719, too. Say $14,000. Try and trim down however I can. Then add the sales tax to the $17,000. Then figure the finance charge - keeping in mind a new car loan (I'd like ta go 60 months not 72) should have a lower percentage rate than a used car loan. My payment will be around $60 a month more but that's not a problem. Give or take a whisker or a hair. My wife's concern over a mortage loan being adversely affected by this purchase is unfounded. Getting her to understand that is my job and...I'm going to need a flak jacket in order to pull this off. If you pay tax on $17k, you've done something wrong. brozen - I don't do this very often. The last new car I bought was the 2008 Mitsubishi Lancer GTS in Rally Red paint on March 21, 2007. My ears are wide open. I've turned the Vertical Horizon off and I'm listening. Am I giving the dealer way too much?

Ha. No. Just that you don't pay tax twice. You already paid tax on your Soul, so you wouldn't do it again. Depending on your state laws, you either pay tax on the full purchase price of $14k, or the purchase minus your trade. So if they give you $4k, you pay tax on the $10k difference, THEN add your old loan balance on to the bottom line.

imidazol97 · November 2017

The discussion has been very educating to me about leasing. I never worked to understand the leasing variables and I viewed the leasing business as benefiting the store a

iluvmysephia1 said:
Does It help to prepay credit card top reduce the amount billed on the next statement?

Huh? I'm certainly not that...umm....&^%$-retentive. I pay the credit card off after I charge something on it, imidazol97. It doesn't quite defeat the purpose of having a credit card, but...well, you know. Actually, when people's credit is shot and they've gone bankrupt, that is exactly what the bank has you do. You pre-pay a certain amount determined by your bank to be your credit limit allowed on your new credit card. It's a way of helping someone build their credit score back up.

??? What I was describing was Clark Howard's suggestion that the credit score can be raised by not owing as much for the new monthly balance on a credit card because you're not using as high a percentage of the credit available to someone. E.g., we have 3 credit cards and typically charge between $1000 and $2500 on each. If I pay off the monthly billing, as I usually do, and I put in an extra $750 on each, the next month's balances will be lower. As I understood Clark Howard that will raise your credit score because your total monthly use on the cards might be $1800 instead of $4400.

Mr_Shiftright · November 2017

tjc78 said:

stickguy said:

That’s thanksgiving. So I doubt they are open!

Someone in the office today called a pretty important meeting, with a lot of the top brass... on Thursday.

I quickly called and was like .. you realized that’s Thanksgiving. Wittingly .. he says; “what you aren’t going to be here?”

Well you could all go in there and be thankful that you have jobs!

stickguy · November 2017

ILuv, the car would not really be new credit, just replacement, since you are replacing a loan at the same time. So not likely to make that much of a difference.

and I checked the tires for you. You can get away with it, but of course, need to buy new wheels.

Specification Sidewall Radius Diameter Circumference Revs/Mile Difference
185/60-16 4.4in 12.4in 24.7in 77.7in 815 0.0%
195/65-15 5.0in 12.5in 25.0in 78.5in 807 1.0%

driver100 · November 2017

imidazol
The discussion has been very educating to me about leasing. I never worked to understand the leasing variables and I viewed the leasing business as benefiting the store a

That reminds me of another good time to lease. If you think you are going to be going bankrupt, or if there is a chance you could go under. In most places creditors can probably take your car away...if you own it. They can't take it away if it is leased. Maybe that is why some high flyers choose to lease.

iluv might be a candidate to lease. he will pay a bit more overall for the convenience, but he may get into a new car for about $200 a month, and then exercise his option to buy after 3 years when he has his house and job situation more stabilized.

Chances are you won't pay less to lease, but, it could make life easier.

abacomike · November 2017

driver100 said:

imidazol The discussion has been very educating to me about leasing. I never worked to understand the leasing variables and I viewed the leasing business as benefiting the store a
That reminds me of another good time to lease. If you think you are going to be going bankrupt, or if there is a chance you could go under. In most places creditors can probably take your car away...if you own it. They can't take it away if it is leased. Maybe that is why some high flyers choose to lease. iluv might be a candidate to lease. he will pay a bit more overall for the convenience, but he may get into a new car for about $200 a month, and then exercise his option to buy after 3 years when he has his house and job situation more stabilized. Chances are you won't pay less to lease, but, it could make life easier.

Driver, if you are in a situation whereby you “are about to go under”...your FICO score would reveal that as a low score - high debt balances and poor payment history.

It is more difficult to lease a car than to buy one as leasing companies usually require higher FICO credit scores. A 675 FICO score might qualify you for an auto loan with a higher interest rate, but might prevent you from qualifying for a lease. It has been my experience that leasing companies usually require 700+ FICO scores.

There are exceptions, but those exceptions are rare.

explorerx4 · November 2017

looked up the zip code for an address today and there was a Refin link to the address that gave projected value and prior sale value.
Decided to look up my own house and to my surprise it said it sold in 2003 for xxx,xxx.
We have been the only people to live in it and maybe we refinanced back in 2003, but we also did in 2012 and that did not show up.
Kind of strange.

oldfarmer50 · November 2017

driver100 said:
A little more balanced looking, but still, looks like it could get pushed over in a strong wind.........

Only 3cyl. too but if I was just starting out in the city it might fit the bill.

oldfarmer50 · November 2017

Mr_Shiftright said:

tjc78 said:

stickguy said:

That’s thanksgiving. So I doubt they are open!

Someone in the office today called a pretty important meeting, with a lot of the top brass... on Thursday.

I quickly called and was like .. you realized that’s Thanksgiving. Wittingly .. he says; “what you aren’t going to be here?”

Well you could all go in there and be thankful that you have jobs!

That's why the chip fab plant in my area only hires H1b visa holders. They work for a third less and don't ask for holidays. The Americans get to mop the floors.

oldfarmer50 · November 2017

explorerx4 said:
looked up the zip code for an address today and there was a Refin link to the address that gave projected value and prior sale value.
Decided to look up my own house and to my surprise it said it sold in 2003 for xxx,xxx.
We have been the only people to live in it and maybe we refinanced back in 2003, but we also did in 2012 and that did not show up.
Kind of strange.

Some sort of identity theft? Ghost who thought your payments were too high?

driver100 · November 2017

abacomike said:

driver100 said:

imidazol
The discussion has been very educating to me about leasing. I never worked to understand the leasing variables and I viewed the leasing business as benefiting the store a

That reminds me of another good time to lease. If you think you are going to be going bankrupt, or if there is a chance you could go under. In most places creditors can probably take your car away...if you own it. They can't take it away if it is leased. Maybe that is why some high flyers choose to lease.

iluv might be a candidate to lease. he will pay a bit more overall for the convenience, but he may get into a new car for about $200 a month, and then exercise his option to buy after 3 years when he has his house and job situation more stabilized.

Chances are you won't pay less to lease, but, it could make life easier.

Driver, if you are in a situation whereby you “are about to go under”...your FICO score would reveal that as a low score - high debt balances and poor payment history.

It is more difficult to lease a car than to buy one as leasing companies usually require higher FICO credit scores. A 675 FICO score might qualify you for an auto loan with a higher interest rate, but might prevent you from qualifying for a lease. It has been my experience that leasing companies usually require 700+ FICO scores.

There are exceptions, but those exceptions are rare.

Mike, in most cases that is true. However, many years ago I bought a townhouse that was the worst construction ever. Everyone who bought one was bailing. I was young, had few possessions and not much money. I walked out, but, I knew the day would come when I would have to do that. I decided to lease a car (probably can't take your transportation to work, and rented a TV. I walked, they called and threatened. Bankruptcy never happened, but, I wanted to be prepared.

BTW....this was before the current financial scores.

No moral lessons either...the builder deserved it, aluminum wire that could catch fire, water flooded us when it rained...it was a nightmare. I try to be as honest as possible, but, my rule is I have to fight back at their level, David and Goliath is just a story. At the time it was America's largest builder.

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