Edmunds Members - Cars and Conversations (Archived)

abacomike · February 2020

Just got an invitation from Mercedes Benz for 2 tickets to the MASTERS in April. They pay for the tickets (April 7th through April 10th) for practice rounds and the first 2 days of the tournament, accommodations for 2 people with meals included, access to the hospitality lounge on the 10th fairway, transportation to and from the airport, etc.

Checking with my brother to see if he wants to go. I would drive up to Ponte Vedra, pick him up, and then drive to Augusta which is a about 200 miles north.

fintail · February 2020

Good luck to him, I hope the banshees keep themselves under control.

nyccarguy said:

That was incredible. What I didn’t realize when the story 1st aired is that he was the Maple Leafs “emergency goalie,” but was called to play by the opposing team.

Speaking of hockey. My older son’s state hockey tournament starts tonight in Hamden.

stickguy · February 2020

abacomike said:
Just got an invitation from Mercedes Benz for 2 tickets to the MASTERS in April. They pay for the tickets (April 7th through April 10th) for practice rounds and the first 2 days of the tournament, accommodations for 2 people with meals included, access to the hospitality lounge on the 10th fairway, transportation to and from the airport, etc.

Checking with my brother to see if he wants to go. I would drive up to Ponte Vedra, pick him up, and then drive to Augusta which is a about 200 miles north.

Now that, sounds like fun!

Michaell · February 2020

abacomike said:
Just got an invitation from Mercedes Benz for 2 tickets to the MASTERS in April. They pay for the tickets (April 7th through April 10th) for practice rounds and the first 2 days of the tournament, accommodations for 2 people with meals included, access to the hospitality lounge on the 10th fairway, transportation to and from the airport, etc.

Checking with my brother to see if he wants to go. I would drive up to Ponte Vedra, pick him up, and then drive to Augusta which is a about 200 miles north.

Total bucket list item for me!

If you find you can't make it, be sure to reach out.

suydam · February 2020

Michaell said:

abacomike said:
Just got an invitation from Mercedes Benz for 2 tickets to the MASTERS in April. They pay for the tickets (April 7th through April 10th) for practice rounds and the first 2 days of the tournament, accommodations for 2 people with meals included, access to the hospitality lounge on the 10th fairway, transportation to and from the airport, etc.

Checking with my brother to see if he wants to go. I would drive up to Ponte Vedra, pick him up, and then drive to Augusta which is a about 200 miles north.
Total bucket list item for me!

If you find you can't make it, be sure to reach out.

Me too!

coldinohio · February 2020

roadburner said:
Thanks all; I feel much better today. I was given XOFLUZA; one two tablet dose and you are done. I really feel bad about going to work yesterday, I just thought I had a bad cold. If I had known it was the flu I would have stayed home.

excellent!

coldinohio · February 2020

glad you got antivirals and should be on road to recovery soon..

andres3 · February 2020

explorerx4 said:
Didn't anyone here ever take a course in logic?
One of the concepts is you should not take a single example and make it into a general rule.
If you are really interested a broader view, you need to look at multiple examples.

Absent additional information and data, the most probable explanation is likely the correct explanation.

driver100 · February 2020

andres3 said:

explorerx4 said:
Didn't anyone here ever take a course in logic?
One of the concepts is you should not take a single example and make it into a general rule.
If you are really interested a broader view, you need to look at multiple examples.
Absent additional information and data, the most probable explanation is likely the correct explanation.

The reviews vary, some like a lot about the Explorer, some not so much. All agree about the plastic controls and the poor finish.
Like this review:
https://www.motortrend.com/cars/ford/explorer/2020/2020-ford-explorer-pros-and-cons-review/
Or the brief part:
Problems? Well, there are two big ones: lackluster interior quality across the board and a pricing structure that seems to defy value.

Although the Explorer brings lots to the table in terms of packaging, with adult-friendly second rows and a decent preteen-sized third row, we're flummoxed by the lack of quality in the Explorer's cabin. "Dear god, all this ugly plastic," executive editor Mark Rechtin said. "Why does Ford treat its customers this way?"

The material choice and quality in these new Explorers is a massive step backward for the brand. All three Explorers feel built to a price far below their actual stickers, with cheap, mismatched plastics and, on the XLT and Limited models, exposed wires just above the phone shelf and beneath the infotainment screen; you can't help but brush them when you pick up your phone.

The Explorer's pricing structure is even more disappointing, considering the proletarian interior quality. None of our Explorer testers are what we'd call cheap. The least expensive was the Explorer XLT at $43,415 as tested, a price where Honda, Kia, or Volkswagen will sell you a near-loaded Pilot, Telluride, or Atlas, all of which beat the Explorer in interior space for passengers and likely on build quality. Our Explorer Hybrid Limited and ST stickered for $58,570 and $59,520, respectively, and although a hybrid and a sport model are certainly unique selling propositions, neither had the inherent quality to demand such a sky-high sticker.

qbrozen · February 2020

imidazol97 said:
The media is trying to make the coronavirus sound scarier than it is for this country. In reality the ordinary flu viruses pose a greater threat right now.

Statistics are a funny thing, as usual. All the talk started making my kids paranoid a month or so ago, until I explained that the death rate is [now] approx 3.4%, which really isn't very high. Standard flu death rate is less than 1/10th of 1%, so that's not even close, however. But, by sheer numbers, standard flu wins out. We'll just have to see how far this coronavirus goes. I think maybe not too far.

We are running into some real problems, though, beyond the illness. Medications are already running low. My local pharmacy can't fill all their scripts. Thankfully, I was able to mostly fill mine and my son's yesterday. But in another month, that may not be the case if the restrictions remain in place.

andres3 · February 2020

Update on my USAA auto claim for damage to my A4 inflicted by their negligent insured driver:

1) My insurance company, Progressive, has clarified their obligation and subrogation is only for my deductible on the car. Since I didn't have rental coverage, they won't go after that. I have to go after my rental car reimbursement on my own.

2) They also clarified same as #1, I have to go after DV on my own as DV is not an "automatic" thing like it is in Georgia. The lack of being "automatic" or mandated apparently makes insurance companies think they can cheat and scam everyone by ignoring it unless brought up.

3) Same for the car seat replacement reimbursement.

Now here's the meat of my post:

4) USAA wrote me the following letter:

Your claim is unresolved BECAUSE we have not received your receipt for the purchase of a new car seat you incurred due to the automobile accident. Please submit documentation to USAA..... Once we have this information we will be able to review and issue any recommended reimbursements.
After this information is received, all claims evidence will be reviewed for a final decision.

Wow. JUST WOW!

Does anyone else read USAA's letter to be similar to:

Your claim is unresolved because we don't want to settle the claim in a timely manner. We randomly write dumb and bad letters monthly, so that we can't be accused of ignoring your claim by the State Dept. of Insurance.
We are using the excuse of not knowing the final dollar amount of your claim, as a reason to withhold accepting liability for your claim. We have not stated in writing our percentage of liability determination. Only by phone verbally have we indicated that we might feel you are due .70 on the dollar.
If we know your claim is for little money, perhaps we can accept responsiblity.
If we feel your claim is to a lot of money, we will act in bad faith and give you pennies on the dollar, if that.

Am I being unfair in my interpretation? Why can't they determine my "rate" of reimbursement for all "legitimate and approved" items before I give them a total? What does the amount of my costs have to do with their liability for the wreck?

driver100 · February 2020

If it is like Hot Bench, Judge Judy, Judge Jerry etc., you have to submit a receipt for the car seat...usually the receipt you have when you bought it (do most people keep those?) or the cost of the new one that replaces it.
They don't usually pay out based on your opinion of what you think they owe them. Insurance companies need all the facts place in front of them, they don't give you the benefit of the doubt, ever.

houdini1 · February 2020

abacomike said:
Just got an invitation from Mercedes Benz for 2 tickets to the MASTERS in April. They pay for the tickets (April 7th through April 10th) for practice rounds and the first 2 days of the tournament, accommodations for 2 people with meals included, access to the hospitality lounge on the 10th fairway, transportation to and from the airport, etc.

Checking with my brother to see if he wants to go. I would drive up to Ponte Vedra, pick him up, and then drive to Augusta which is a about 200 miles north.

Man, what a great gift !! You are in for a real treat. If you have never been before, I bet that you will be surprised by the general area where the Masters is located.

andres3 · February 2020

driver100 said:
If it is like Hot Bench, Judge Judy, Judge Jerry etc., you have to submit a receipt for the car seat...usually the receipt you have when you bought it (do most people keep those?) or the cost of the new one that replaces it.
They don't usually pay out based on your opinion of what you think they owe them. Insurance companies need all the facts place in front of them, they don't give you the benefit of the doubt, ever.

I'm not talking about being paid and reimbursed, I'm talking about admitting liability so that I know I'm getting reimbursed.

Seems like a trick to get someone to spend more money so they are out more money if they get reimbursed pennies on the dollar instead of being made rightfully whole.

Yes, the receipt will be from the carseat I purchased today to "replace" the effected carseat. Luckily I have enough cash flow that this won't impact me. It's chump change ($108 by the way) compared to the rental car costs.

explorerx4 · February 2020

It's funny, one of BIL's ran high end PGA courses for decades, but I don't think he's been to the Masters and probably won't ever go, unless they hire him to help manage the tournament.

roadburner · February 2020

imidazol97 said:

Glad you're getting better. Did you have to go in to the doctor office for a prescription, or did the doctor offer one based on symptoms by phone?

I went to The Little Clinic and was seen by a nurse practitioner who prescribed it. Luckily there was no crowd- I was in and out in under an hour, including getting the prescription.

tjc78 · February 2020

When I was rear ended a few years back, once State Farm accepted liability on their client all I had to do is scan the receipt and I got the amount of the car seat added to the check for the repairs.

abacomike · February 2020

houdini1 said:

abacomike said:
Just got an invitation from Mercedes Benz for 2 tickets to the MASTERS in April. They pay for the tickets (April 7th through April 10th) for practice rounds and the first 2 days of the tournament, accommodations for 2 people with meals included, access to the hospitality lounge on the 10th fairway, transportation to and from the airport, etc.

Checking with my brother to see if he wants to go. I would drive up to Ponte Vedra, pick him up, and then drive to Augusta which is a about 200 miles north.
Man, what a great gift !! You are in for a real treat. If you have never been before, I bet that you will be surprised by the general area where the Masters is located.

No, never been to Augusta National. My brother is going to think it over. He was really upset that he wasn't offered tickets. He has purchased more MB cars than I have and wondered why he was "snubbed" by MBUSA.

Here are some excerpts from the invitation:

Experience the Masters with Mercedes-Benz
View in a web browser | Unsubscribe

You are invited to the 2020 Mercedes‑Benz Masters Experience.

Hello Michael,

As one of our most loyal customers, Mercedes‑Benz invites you and a guest to join us in Augusta, Georgia for the 2020 Mercedes‑Benz Masters Experience. Your invitation — from Tuesday, April 7th to Friday April 10th — includes complimentary tickets, lodging, entertainment and hospitality. More details, including instructions on how to reserve your spot, can be found below.

ACCOMMODATIONS

A long‑standing Masters tradition, guests receive a private bedroom and bathroom within a shared home amongst other Mercedes‑Benz invitees. Each home within our host community has been selected for its beauty, amenities and privacy.

Arrival & Check‑in: Tuesday, April 7th (starting 9:00 a.m.)
Departure & Check-out: Friday, April 10th (by 10:00 a.m.)

AUGUSTA NATIONAL GOLF CLUB

Your invitation includes two tickets to attend the Practice Round on Tuesday, the Practice Round and Par Three Contest on Wednesday and the Tournament Round on Thursday. You will also have daily access to our private hospitality cabin on the 10th fairway. Exquisite fare — including breakfast, lunch and afternoon selections — will be served.

EVENING HOSPITALITY & ENTERTAINMENT

Evenings feature craft cocktails and gourmet dinners showcasing the talents of our award‑winning local chef. World‑class entertainment will include both musical performances and exclusive celebrity appearances. On Tuesday evening, guests can look forward to seeing professional golfers Rickie Fowler and Jon Rahm.

andres3 · February 2020

tjc78 said:
When I was rear ended a few years back, once State Farm accepted liability on their client all I had to do is scan the receipt and I got the amount of the car seat added to the check for the repairs.

Exactly...... you don't need to know your total risk exposure when you know you are liable. You are either liable, or you are not liable, the amount you are liable has no legitimate honest bearing on that.

oldfarmer50 · February 2020

explorerx4 said:
Still remember when our high school band broke out this song in the school auditorium, not long after it came out.
I've even heard it played live by Chicago at a football game.
Never appreciated how much went into the song until I watched this studio vid.
Funny thing is, it's a bunch of Russian guys.
https://www.youtube.com/watch?v=9_torOTK5qc

I saw Chicago live at the RPI field house sometime in the 70s. They played that song (my favorite) but the acoustics of the steel girders ruined it.

explorerx4 · February 2020

@abacomike,
Thursday is the first round of the tournament.
Things are going to change starting Friday.

oldfarmer50 · February 2020

qbrozen said:
Yes. After everything taken into consideration, more like $144/mo with first month at signing.

The $99 deal is not really $99, as we all should know by now. Also need to know WHICH Ioniq it is. Could be hybrid, plug-in hybrid, or full electric.

In any case, they’ll say the $99 prob has some incentive you don’t qualify for, so its $129 for you. Oh, and you have to pay bank fee, dealer fee, DMV fee, tire fee, battery fee, bathroom fee, and taxes. So that’s $189 for you, Mr @oldfarmer50

Anyway, are you sure that is recent? From what I have seen, the deals died at the end of Jan.

Local dealer was advertising it the day I posted. Evidently, it’s a NY state wide promotion.

https://slickdeals.net/f/13429066-nys-hyundai-ioniq-lease-true-sign-and-drive-99-mo?page=24

But who knows what slight of hand awaits when you actually try to get it.

abacomike · February 2020

oldfarmer50 said:

explorerx4 said:
Still remember when our high school band broke out this song in the school auditorium, not long after it came out.
I've even heard it played live by Chicago at a football game.
Never appreciated how much went into the song until I watched this studio vid.
Funny thing is, it's a bunch of Russian guys.
https://www.youtube.com/watch?v=9_torOTK5qc
I saw Chicago live at the RPI field house sometime in the 70s. They played that song (my favorite) but the acoustics of the steel girders ruined it.

When I lived in California, I ran a private school near LA. Lee Loughnane had two kids at the school. Lee is the trumpeter for "Chicago"! He and his kids all have bright red hair. He gave me tickets to their LA concert - 1990's - don't remember the exact year or date.

Tim McVey of "Fleetwood Mac" had a daughter in my school also. Great memories!

abacomike · February 2020

explorerx4 said:
@abacomike,
Thursday is the first round of the tournament.
Things are going to change starting Friday.

Yes - definitely. But being there and being treated in luxury and meeting the pro golfers is going to be exciting. One of my bucket list items, to be sure!

oldfarmer50 · February 2020

roadburner said:
Despite getting a flu shot last fall I now have the flu. I went to work today because I had over 30 probation revocations set in the afternoon and I didn’t want to shove them off on someone else. I finally got home feeling horrible so my wife insisted I go to the immediate care center where it was confirmed that I have Flu A. Have to stay in until Monday.
Meh.

How do you know it’s not Corona virus? You could be dooming the entire planet.

Next time put a lime in your beer.

oldfarmer50 · February 2020

stickguy said:
that sucks. It seems that the vaccine this year was not a great mix, so more people than normal got it. Hope it isn't too bad for you. rest and hydrate.

I never get that snake oil. Despite handling multiple dirty steering wheels every day at work I never get sick.

suydam · February 2020

abacomike said:

houdini1 said:

abacomike said:
Just got an invitation from Mercedes Benz for 2 tickets to the MASTERS in April. They pay for the tickets (April 7th through April 10th) for practice rounds and the first 2 days of the tournament, accommodations for 2 people with meals included, access to the hospitality lounge on the 10th fairway, transportation to and from the airport, etc.

Checking with my brother to see if he wants to go. I would drive up to Ponte Vedra, pick him up, and then drive to Augusta which is a about 200 miles north.
Man, what a great gift !! You are in for a real treat. If you have never been before, I bet that you will be surprised by the general area where the Masters is located.
No, never been to Augusta National. My brother is going to think it over. He was really upset that he wasn't offered tickets. He has purchased more MB cars than I have and wondered why he was "snubbed" by MBUSA.

Here are some excerpts from the invitation:

Experience the Masters with Mercedes-Benz
View in a web browser | Unsubscribe

You are invited to the 2020 Mercedes‑Benz Masters Experience.

Hello Michael,

As one of our most loyal customers, Mercedes‑Benz invites you and a guest to join us in Augusta, Georgia for the 2020 Mercedes‑Benz Masters Experience. Your invitation — from Tuesday, April 7th to Friday April 10th — includes complimentary tickets, lodging, entertainment and hospitality. More details, including instructions on how to reserve your spot, can be found below.

ACCOMMODATIONS

A long‑standing Masters tradition, guests receive a private bedroom and bathroom within a shared home amongst other Mercedes‑Benz invitees. Each home within our host community has been selected for its beauty, amenities and privacy.

Arrival & Check‑in: Tuesday, April 7th (starting 9:00 a.m.)
Departure & Check-out: Friday, April 10th (by 10:00 a.m.)

AUGUSTA NATIONAL GOLF CLUB

Your invitation includes two tickets to attend the Practice Round on Tuesday, the Practice Round and Par Three Contest on Wednesday and the Tournament Round on Thursday. You will also have daily access to our private hospitality cabin on the 10th fairway. Exquisite fare — including breakfast, lunch and afternoon selections — will be served.

EVENING HOSPITALITY & ENTERTAINMENT

Evenings feature craft cocktails and gourmet dinners showcasing the talents of our award‑winning local chef. World‑class entertainment will include both musical performances and exclusive celebrity appearances. On Tuesday evening, guests can look forward to seeing professional golfers Rickie Fowler and Jon Rahm.

If that’s being snubbed count me in!

oldfarmer50 · February 2020

abacomike said:

oldfarmer50 said:

explorerx4 said:
Still remember when our high school band broke out this song in the school auditorium, not long after it came out.
I've even heard it played live by Chicago at a football game.
Never appreciated how much went into the song until I watched this studio vid.
Funny thing is, it's a bunch of Russian guys.
https://www.youtube.com/watch?v=9_torOTK5qc
I saw Chicago live at the RPI field house sometime in the 70s. They played that song (my favorite) but the acoustics of the steel girders ruined it.
When I lived in California, I ran a private school near LA. Lee Loughnane had two kids at the school. Lee is the trumpeter for "Chicago"! He and his kids all have bright red hair. He gave me tickets to their LA concert - 1990's - don't remember the exact year or date.

Tim McVey of "Fleetwood Mac" had a daughter in my school also. Great memories!

My connection was a cute girl with whom I was friendly. Her cousin was a big rock promoter so she always had tickets. We saw Chicago another time with front row seats as well.

driver100 · February 2020

oldfarmer50 said:

stickguy said:
that sucks. It seems that the vaccine this year was not a great mix, so more people than normal got it. Hope it isn't too bad for you. rest and hydrate.
I never get that snake oil. Despite handling multiple dirty steering wheels every day at work I never get sick.

You have built up your immunity then. I just hope you didn't jinx yourself.

ab348 · February 2020

Wow, @abacomike , that is an unbelievable offer from M-B. Tickets are unavailable for the tournament rounds and they even abandoned the waiting list years ago because it got so ridiculously long. Plus the full meal deal of lodging, etc. That package is worth thousands of dollars. Congratulations!

oldfarmer50 · February 2020

driver100 said:

oldfarmer50 said:

stickguy said:
that sucks. It seems that the vaccine this year was not a great mix, so more people than normal got it. Hope it isn't too bad for you. rest and hydrate.
I never get that snake oil. Despite handling multiple dirty steering wheels every day at work I never get sick.
You have built up your immunity then. I just hope you didn't jinx yourself.

I think it was acquired from driving thousands of runny-nosed kids over 30 years that did it. There’s something to be said for natural immunity. How many of us old timers had chicken pox, mumps, measles and other diseases before there were vaccines?

suydam · February 2020

Because we are the ones who survived those diseases. The ones who didn’t are no longer with us. Yay for vaccines!

qbrozen · February 2020

oldfarmer50 said:

qbrozen said:
Yes. After everything taken into consideration, more like $144/mo with first month at signing.

The $99 deal is not really $99, as we all should know by now. Also need to know WHICH Ioniq it is. Could be hybrid, plug-in hybrid, or full electric.

In any case, they’ll say the $99 prob has some incentive you don’t qualify for, so its $129 for you. Oh, and you have to pay bank fee, dealer fee, DMV fee, tire fee, battery fee, bathroom fee, and taxes. So that’s $189 for you, Mr @oldfarmer50

Anyway, are you sure that is recent? From what I have seen, the deals died at the end of Jan.
Local dealer was advertising it the day I posted. Evidently, it’s a NY state wide promotion.

https://slickdeals.net/f/13429066-nys-hyundai-ioniq-lease-true-sign-and-drive-99-mo?page=24

But who knows what slight of hand awaits when you actually try to get it.

So that was a full EV model. That post was 4 mos ago and now claims the deal expired.

oldfarmer50 · February 2020

qbrozen said:

oldfarmer50 said:

qbrozen said:
Yes. After everything taken into consideration, more like $144/mo with first month at signing.

The $99 deal is not really $99, as we all should know by now. Also need to know WHICH Ioniq it is. Could be hybrid, plug-in hybrid, or full electric.

In any case, they’ll say the $99 prob has some incentive you don’t qualify for, so its $129 for you. Oh, and you have to pay bank fee, dealer fee, DMV fee, tire fee, battery fee, bathroom fee, and taxes. So that’s $189 for you, Mr @oldfarmer50

Anyway, are you sure that is recent? From what I have seen, the deals died at the end of Jan.
Local dealer was advertising it the day I posted. Evidently, it’s a NY state wide promotion.

https://slickdeals.net/f/13429066-nys-hyundai-ioniq-lease-true-sign-and-drive-99-mo?page=24

But who knows what slight of hand awaits when you actually try to get it.
So that was a full EV model. That post was 4 mos ago and now claims the deal expired.

Regardless, advertising for that deal was on the air locally on the day I originally posted. It was from a screamer store so maybe they were running a scam.

qbrozen · February 2020

oldfarmer50 said:

qbrozen said:

oldfarmer50 said:

qbrozen said:
Yes. After everything taken into consideration, more like $144/mo with first month at signing.

The $99 deal is not really $99, as we all should know by now. Also need to know WHICH Ioniq it is. Could be hybrid, plug-in hybrid, or full electric.

In any case, they’ll say the $99 prob has some incentive you don’t qualify for, so its $129 for you. Oh, and you have to pay bank fee, dealer fee, DMV fee, tire fee, battery fee, bathroom fee, and taxes. So that’s $189 for you, Mr @oldfarmer50

Anyway, are you sure that is recent? From what I have seen, the deals died at the end of Jan.
Local dealer was advertising it the day I posted. Evidently, it’s a NY state wide promotion.

https://slickdeals.net/f/13429066-nys-hyundai-ioniq-lease-true-sign-and-drive-99-mo?page=24

But who knows what slight of hand awaits when you actually try to get it.
So that was a full EV model. That post was 4 mos ago and now claims the deal expired.
Regardless, advertising for that deal was on the air locally on the day I originally posted. It was from a screamer store so maybe they were running a scam.

Who knows. If they still had a 2019, and with the extra NY incentive, its possible. Personally, I’d never own a short-range EV again. Not with our winters.

imidazol97 · February 2020

Is anyone looking for a bottom in this long past due correction to the market? Is it 12% now? Yesterday had an increase in volume late day--capitulation? Margin calls? Small investors selling out at usually the wrong time?

It's necessary to think in percents because since the Dow is in bigger numbers, a 3% decline is many more points than it was a few years ago when the Dow was at 15000. 3% of 29000 is 870; 3% of 15000 was 450 pts.

So the daily declines look bigger and sound bigger when the talking heads want them to sound bad. Another factor is the lack of an uptick rule that used to be in the market to stop certain folks wanting the market to go down from driving the market down by selling short on downticks. The current uptick rule requires that the individual stock have a 10% decline that day before it goes into effect, and that's effectively neutered its ability to control the doomsdayers.

Many

What is anyone thinking of buying? What car makers may be affected and or helped?

houdini1 · February 2020

ab348 said:
Wow, @abacomike , that is an unbelievable offer from M-B. Tickets are unavailable for the tournament rounds and they even abandoned the waiting list years ago because it got so ridiculously long. Plus the full meal deal of lodging, etc. That package is worth thousands of dollars. Congratulations!

Tickets for the Masters are serious business. People have committed suicide over ticket mixups. Seriously.

driver100 · February 2020

oldfarmer50 said:

qbrozen said:

oldfarmer50 said:

qbrozen said:
Yes. After everything taken into consideration, more like $144/mo with first month at signing.

The $99 deal is not really $99, as we all should know by now. Also need to know WHICH Ioniq it is. Could be hybrid, plug-in hybrid, or full electric.

In any case, they’ll say the $99 prob has some incentive you don’t qualify for, so its $129 for you. Oh, and you have to pay bank fee, dealer fee, DMV fee, tire fee, battery fee, bathroom fee, and taxes. So that’s $189 for you, Mr @oldfarmer50

Anyway, are you sure that is recent? From what I have seen, the deals died at the end of Jan.
Local dealer was advertising it the day I posted. Evidently, it’s a NY state wide promotion.

https://slickdeals.net/f/13429066-nys-hyundai-ioniq-lease-true-sign-and-drive-99-mo?page=24

But who knows what slight of hand awaits when you actually try to get it.
So that was a full EV model. That post was 4 mos ago and now claims the deal expired.
Regardless, advertising for that deal was on the air locally on the day I originally posted. It was from a screamer store so maybe they were running a scam.

That whole ad has to be a scam. Consider, lease payments at $99 a month = $1200 a year = $3600 over 3 years. Car is worth half it's original price at best......$7200???????
Must be a huge balloon payment at the end of the lease....probably a buy back for $20000 or something.
You don't get nuthin for nuthin

stickguy · February 2020

No, it can work out. Massive cap cost reduction through incentives, normal residual, not super expensive car.

I think the plug in was about 25k sticker. Residual at 60% so 15k. Discounts and incentives of 6k, dropping cap cost to $19k. That leaves $4,000 in depreciation. With a low interest rate (MF) maybe $1,000 interest, so up to $5k. Bank fee, taxes, DMV another $1k, so up to $6k

First payment due at signing and about $165/month.

Does not take much finagling to make that even lower. Plus the advertised leases are plus the extras, so backing that out you are looking at $4,500-$5,000 just for the lease. So around $125-$140/mo if you pay your taxes and fees DAS.

driver100 · February 2020

I don't see anyone making a profit using those amounts...not the dealer or the car maker. Though, maybe just a way to unload unwanted inventory.
Actually, this deal was offered in some regions in Nov on 2019s
Although upmarket electric-vehicle startups seem to think that there will be an unlimited market for luxury EVs, it pays to remember that going electric isn’t reserved for the rich. It might actually dramatically reduce your commuting costs.

Such is the case if you’re in certain Northeast or Mid-Atlantic markets. You could land a lease deal on the 2019 Hyundai Ioniq Electric for just $79 a month for 36 months, with $999 due at signing and a 10,000-mile annual limit.

The deal serves a purpose for Hyundai—in clearing out the 2019 models, just before a refreshed Ioniq lineup is expected, likely at the LA Auto Show later this month. It will include a 2020 Hyundai Ioniq Electric with a larger battery and 170-mile range, as confirmed by the release of EPA ratings last week.

ab348 · February 2020

imidazol97 said:

What is anyone thinking of buying? What car makers may be affected and or helped?

I'm not concerned. This is a typical overreaction by the markets, which are always made worse by the sharpies who know how to profit from such things. This seems to my non-expert eye far less serious than 2008's situation where the foundations of the system were in peril. This will pass fairly quickly I expect. I do not need what I have invested right now so I can afford to wait it out, which is what my advisor always says and which is usually good advice. I did have thoughts a few weeks ago where I wondered how long this upward trend would last and considered moving everything over to T-bills, but of course did not do that. Shame on me.

I hear Ford stock is at new lows but that is a speculative buy now at best. Their future seems somewhat in doubt.

fintail · February 2020

It's a blip. I am not selling anytime soon, so I am not even watching it. And of course the media finds something to hype, not knowing or caring that movements matter by % much more than raw dollars. Not planning to change any buying or selling patterns.

Reminds me of the locals who squawk about high property taxes, while in terms of tax rates, it is lower here than in much of the country. As if the house they lucked into for 75K now being worth 1.5MM isn't enough - shut your pieholes before I shut them for you

Depending on what happens in China and how the kleptocratic regime there handles it, I might be concerned with any maker dependent on that market. A lot of them are in pretty deep there.

imidazol97 said:
Is anyone looking for a bottom in this long past due correction to the market? Is it 12% now? Yesterday had an increase in volume late day--capitulation? Margin calls? Small investors selling out at usually the wrong time?

It's necessary to think in percents because since the Dow is in bigger numbers, a 3% decline is many more points than it was a few years ago when the Dow was at 15000. 3% of 29000 is 870; 3% of 15000 was 450 pts.

What is anyone thinking of buying? What car makers may be affected and or helped?

driver100 · February 2020

It's a great buying opportunity...if only I had some cash lying around

oldfarmer50 · February 2020

qbrozen said:

oldfarmer50 said:

qbrozen said:

oldfarmer50 said:

qbrozen said:
Yes. After everything taken into consideration, more like $144/mo with first month at signing.

The $99 deal is not really $99, as we all should know by now. Also need to know WHICH Ioniq it is. Could be hybrid, plug-in hybrid, or full electric.

In any case, they’ll say the $99 prob has some incentive you don’t qualify for, so its $129 for you. Oh, and you have to pay bank fee, dealer fee, DMV fee, tire fee, battery fee, bathroom fee, and taxes. So that’s $189 for you, Mr @oldfarmer50

Anyway, are you sure that is recent? From what I have seen, the deals died at the end of Jan.
Local dealer was advertising it the day I posted. Evidently, it’s a NY state wide promotion.

https://slickdeals.net/f/13429066-nys-hyundai-ioniq-lease-true-sign-and-drive-99-mo?page=24

But who knows what slight of hand awaits when you actually try to get it.
So that was a full EV model. That post was 4 mos ago and now claims the deal expired.
Regardless, advertising for that deal was on the air locally on the day I originally posted. It was from a screamer store so maybe they were running a scam.
Who knows. If they still had a 2019, and with the extra NY incentive, its possible. Personally, I’d never own a short-range EV again. Not with our winters.

That’s quite possible. I didn’t get a good listen to the ad. Just caught the $99/mo no money down part of it.

I don’t think I’d ever buy an EV and doubt I’ll ever lease but who knows what the future will bring.

oldfarmer50 · February 2020

imidazol97 said:
Is anyone looking for a bottom in this long past due correction to the market? Is it 12% now? Yesterday had an increase in volume late day--capitulation? Margin calls? Small investors selling out at usually the wrong time?

It's necessary to think in percents because since the Dow is in bigger numbers, a 3% decline is many more points than it was a few years ago when the Dow was at 15000. 3% of 29000 is 870; 3% of 15000 was 450 pts.

So the daily declines look bigger and sound bigger when the talking heads want them to sound bad. Another factor is the lack of an uptick rule that used to be in the market to stop certain folks wanting the market to go down from driving the market down by selling short on downticks. The current uptick rule requires that the individual stock have a 10% decline that day before it goes into effect, and that's effectively neutered its ability to control the doomsdayers.

Many

What is anyone thinking of buying? What car makers may be affected and or helped?

They say that when you absolutely can’t stand it any more and have an overwhelming sense of doom, that’s the time you should buy.

Personally, I feel that if you can’t stand a 20% downturn maybe the market isn’t for you.

I do think the media is over hyping the situation. I believe Apple’s Tim Cook said yesterday that production was coming back on line in China.

https://www.thestreet.com/investing/apple-tim-cook-chinese-factories-getting-back-to-normal

imidazol97 · February 2020

Starbucks is opening stores up again in most areas in China if I recall the report's wording yesterday.
What better indicator than Starbucks?

tjc78 · February 2020

Lots of retailers are still opening new brick and mortar stores as well.

Five Below, Dollar General, Party City, Ocean State Job Lot, Ollies, Sephora just to name a few.

oldfarmer50 · February 2020

driver100 said:
I don't see anyone making a profit using those amounts...not the dealer or the car maker. Though, maybe just a way to unload unwanted inventory.
Actually, this deal was offered in some regions in Nov on 2019s
Although upmarket electric-vehicle startups seem to think that there will be an unlimited market for luxury EVs, it pays to remember that going electric isn’t reserved for the rich. It might actually dramatically reduce your commuting costs.

Such is the case if you’re in certain Northeast or Mid-Atlantic markets. You could land a lease deal on the 2019 Hyundai Ioniq Electric for just $79 a month for 36 months, with $999 due at signing and a 10,000-mile annual limit.

The deal serves a purpose for Hyundai—in clearing out the 2019 models, just before a refreshed Ioniq lineup is expected, likely at the LA Auto Show later this month. It will include a 2020 Hyundai Ioniq Electric with a larger battery and 170-mile range, as confirmed by the release of EPA ratings last week.

I think Q may have had it right, a deal on a left over 2019. I’ll have to watch for the ad to come up again or maybe even call the dealer. It was at your friend Billy’s store.

dino001 · February 2020

oldfarmer50 said:
They say that when you absolutely can’t stand it any more and have an overwhelming sense of doom, that’s the time you should buy.

Personally, I feel that if you can’t stand a 20% downturn maybe the market isn’t for you.

Agreed. 20 percent downturns should be expected as garden variety occurrences in the market. If something can go up 20-30-40 percent in months, why shouldn't it then be able to fall as much. It's normal and just because CNBC finally has something to talk about, it doesn't mean it's the end of the world. 2007-2008 was really scary, but not really because of the stock market, but more like will my ATM pay me next week. This thing with corona virus is simply - OK, most companies will have earnings reduced by 10-20 percent for a year, some more than that. Will it cripple their business? Maybe those that are running on debt and need sales just to pay the interest. Most US companies have stronger balance sheets than that, so we will see supply disruptions, there may be some surprising shortages of random items in stores, some companies will lose sales and have reduced profits, but life will go on. And yes, some unfortunate people will die, just like they're dying now of car crashes, cancer, heart attacks and homicides. Tragedy for their families, not an existential threat to the economy.

stickguy · February 2020

The Ioniq deal by me was definitely a lingering 2019, and I thought, but not positive, it was a plug in. I need to check the dealer site.

For retail, I bet the hot gig now is converting big stores (boxes or mall anchors) into small units, or alternate uses. A lot of that going on in this area.

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