Chronic Car Buyers Anonymous (Archived)

pensfan83 · March 2020

I wonder how they are going to handle lease turn ins. My brother is set to turn in his Fusion in a few weeks....wonder how that would work if dealers aren't open.

Michaell · March 2020

pensfan83 said:
I wonder how they are going to handle lease turn ins. My brother is set to turn in his Fusion in a few weeks....wonder how that would work if dealers aren't open.

Guessing either an extension or some sort of coordinated remote pickup.

I'm thinking the former, depending on how much gets shut down.

kyfdx · March 2020

pensfan83 said:
I wonder how they are going to handle lease turn ins. My brother is set to turn in his Fusion in a few weeks....wonder how that would work if dealers aren't open.

The bank is still open for business. I'm sure they are figuring something out. I had an independent bank lease that was up in 1998, and they picked up the car at my house.

Also, with dealer service departments open, it could be: Drop it off at the service department, and give them the keys.

pensfan83 · March 2020

If he has to turn it in and can't pick up his new car we've already offered him his choice of the TLX or truck to use for the time being. We're not really using any of the cars much right now. The ZHP still has half a tank from the drive to PIT lol.

28firefighter · March 2020

I just filled my ZHP up yesterday. We're expecting rain for the next 10 days plus I suspect joy rides are going to be verboten soon. I'll put it on the battery tender soon.

kyfdx · March 2020

pensfan83 said:
If he has to turn it in and can't pick up his new car we've already offered him his choice of the TLX or truck to use for the time being. We're not really using any of the cars much right now. The ZHP still has half a tank from the drive to PIT lol.

I didn't think about the part of needing a new car.. Of course, if he has a deal for the same brand, through the same bank (Ford Credit), then they may make allowances.

oldfarmer50 · March 2020

corvette said:

oldfarmer50 said:

corvette said:
No punches for me for a while. Dealers and other non-essential businesses are closed in my state beginning tomorrow at 8 PM.
I wonder if they can still do any business at all? I can’t imagine them having to pay all those floor plan expenses while their inventory keeps losing value. There could be millions involved for the big dealers.

I believe they can still do business so long as the showroom is closed. It will still hurts them a lot, though.

How would they do the paperwork, slide it under the door? Can you do it all on line?

Test drives must get complicated too.

stickguy · March 2020

Drop off is easy. Just make sure to photograph how many keys. Service writer can easily do the very brief walk around and give you confirmation receipt. The bigger issue is the pre=return inspection. VW and Hyundai required that in advance by an independent company that sent a person to your house. Who knows about that now. But ways around that too, I assume authorizing service writer to do that also.

But yeah the bigger issue is likely a replacement car.

oldfarmer50 · March 2020

28firefighter said:
I just filled my ZHP up yesterday. We're expecting rain for the next 10 days plus I suspect joy rides are going to be verboten soon. I'll put it on the battery tender soon.

Why would that be? All alone in a car or all alone in a house, what’s the difference? If I couldn’t at least go for a drive I think they’d eventually find me up on the roof barking like a dog.

28firefighter · March 2020

Most of the shelter in place rules limit movement for non-essential activities. I'm sure I could say I was out on an errand, but would be hard to justify if I was 50 miles from home and was stopped.

pensfan83 · March 2020

kyfdx said:

pensfan83 said:
If he has to turn it in and can't pick up his new car we've already offered him his choice of the TLX or truck to use for the time being. We're not really using any of the cars much right now. The ZHP still has half a tank from the drive to PIT lol.
I didn't think about the part of needing a new car.. Of course, if he has a deal for the same brand, through the same bank (Ford Credit), then they may make allowances.

It'll just be a turn-in and if that can be facilitated through a service department, that would be fine. The inspection is scheduled for next week though and no word on whether that's going to take place per governor's orders on non-essential businesses shuttering. My money is on it getting rescheduled.

pensfan83 · March 2020

28firefighter said:
Most of the shelter in place rules limit movement for non-essential activities. I'm sure I could say I was out on an errand, but would be hard to justify if I was 50 miles from home and was stopped.

That's exactly why we got out as a family yesterday...no telling when when we may be under similar orders and have to curtail our adventures further.

28firefighter · March 2020

It really is a shame. The only thing keeping my sanity these last 2 weeks was the ability to go out and drive aimlessly for an hour.

qbrozen · March 2020

Someone on LH just posted that his bank said he has to keep it and pay the monthly until the return center is able to re-open.

graphicguy · March 2020

qbrozen said:
Someone on LH just posted that his bank said he has to keep it and pay the monthly until the return center is able to re-open.

I can’t imagine that would stick. Term is up. Drop it off where they designated it to be dropped off. Take a pic of it at the drop off point. Send a letter to the financial institution with the pic. Whether they’re open or not is irrelevant.

stickguy · March 2020

Yeah, that won’t go over well. I would not make any more payments. Send them a letter if needed telling them if they want the car to come and get it, otherwise you will keep it until they can take it back.

Because they are closed does not mean they can force you to pay for it.

pensfan83 · March 2020

Until the captive formally assumes ownership the lessee would be on the hook for any damage, vandalism, theft, etc. I personally would not be willing to take a gamble the "not my problem" argument would pan out.

qbrozen · March 2020

LOL. someone else posted GG's answer, and my reply was the same as pensfan's.

Honestly, it isn't the bank's fault they are closed, either. It is just an unfortunate situation all around. That said, the banks were bailed out with taxpayer money, so I can't say I feel bad for them. I'd likely take lots of pics, including the odometer, and send all that in, but obviously keep it in my driveway and retain insurance.

stickguy · March 2020

That seems like a reasonable solution. Don’t pay, don’t use just store. If you want to keep using it, pay.

nyccarguy · March 2020

I parked the Tacoma on Friday and didn't even look at it until this AM. Stayed home and worked all weekend. taping, filling holes, sanding, painting, moving furniture, disassembling furniture, cursing, assembling furniture, cursing. I did manage to leave the house to pick up pizza (in the Prelude) yesterday afternoon.

stickguy · March 2020

You will be paying for a lot excess miles without hockey tournaments to drive to. Or anything else pretty much.

qbrozen · March 2020

well this is interesting. Rodo just put my showroom on sale for a fair bit more discount than usual. Up to $35/mo less.

28firefighter · March 2020

I'd jump on that JGC if they'll actually honor it and you could take delivery...

qbrozen · March 2020

I need the hyundai gone, though.

jmonroe · March 2020

Sandman6472 said:
Stopped at Publix yesterday to pick up a few things. Folks were acting normally but there was a line at the sandwich counter where I was. No chicken products but managed to pick up a couple of steaks for dinner tonight. Figure I'll be going in very couple of days to get fresh stuff but luckily we have a lot of open supermarkets down here.

@Sandy, did South Fla change recently? The last time I visited my Delray Beach SIL (last Spring) all I saw were Publix markets which is like what I saw on other visits. Lots of them; almost in every shopping plaza with a Walgreens close by too. I think I saw one non Publix place somewhere but I can’t remember the name of the place. If you want to see a lot of DIFFERENT supermarkets just go to the smallish SC town I lived in from ’92 to ’97.

To name some within 2 miles of us: Kroger, Bi-Lo, Walmart, Winn-Dixie, Food Lion (2 of these), Pigley Wigley (FWIW, Mrs. j refused to shop in a store called Pigley Wigley). I can’t remember the name of a couple others but they were there, honest. And yes, we finally got a Publix too which turned out to be Mrs. j’s favorite. Like I said, a smallish SC town, but man, did those folks like to eat.

jmonroe

xwesx · March 2020

28firefighter said:
I just filled my ZHP up yesterday. We're expecting rain for the next 10 days plus I suspect joy rides are going to be verboten soon. I'll put it on the battery tender soon.

Hah! I don't think so. If that's the case, they can pry my steering wheel out of my cold, dead hands. Hahaha

xwesx · March 2020

stickguy said:
That seems like a reasonable solution. Don’t pay, don’t use just store. If you want to keep using it, pay.

Oh, I dunno. I think I would keep using and just not pay. Term is up, I paid my commitment. That they won't take it back from me is not really my problem.

xwesx · March 2020

stickguy said:
You will be paying for a lot excess miles without hockey tournaments to drive to. Or anything else pretty much.

Or, more realistically, this will perhaps allow him to stay *within* mileage come turn-in time!

stickguy · March 2020

Q, I doubt Carvana is going to be very effective buying now, but maybe you get lucky. Hyundai financial is likely all backed up too, and not likely you get priority. But doesn’t hurt to try.

Or get the new one and deal with the old one later. Not like it costs much.

Rodo takes Trade’s too, but I think that’s actually through Carvana.

tifighter · March 2020

Working from home has re-introduced me to BaT.

Crap.

tjc78 · March 2020

BAT is like a 20 minute diversion any time you enter.

I like to browse Hemmings too.

oldfarmer50 · March 2020

qbrozen said:
Someone on LH just posted that his bank said he has to keep it and pay the monthly until the return center is able to re-open.

That doesn’t pass the smell test. At least as far as them being able to collect additional money.

qbrozen · March 2020

stickguy said:
Q, I doubt Carvana is going to be very effective buying now, but maybe you get lucky. Hyundai financial is likely all backed up too, and not likely you get priority. But doesn’t hurt to try.

Or get the new one and deal with the old one later. Not like it costs much.

Rodo takes Trade’s too, but I think that’s actually through Carvana.

Yeah, I guess I could always try doing all through Rodo and see what happens. At the same time, I'm curious to see if prices plummet next month.

corvette · March 2020

It’s hard to predict. In 2008, nobody was buying anything if they could avoid it, but used car prices skyrocketed because people were willing to go used even if the savings were extremely slim.

Credit is more readily available now, at least for those who didn’t get laid off. But, the fact that dealerships are more or less closed now will throw another variable into the mix.

xwesx · March 2020

corvette said:
It’s hard to predict. In 2008, nobody was buying anything if they could avoid it, but used car prices skyrocketed because people were willing to go used even if the savings were extremely slim.

Credit is more readily available now, at least for those who didn’t get laid off. But, the fact that dealerships are more or less closed now will throw another variable into the mix.

Yeah, I'm curious to see what happens. 2008 was a heck of a time.

tifighter · March 2020

tjc78 said:
BAT is like a 20 minute diversion any time you enter.

I like to browse Hemmings too.

I wish I could keep it to 20 minutes.

oldfarmer50 · March 2020

Speaking of BAT, can you explain this:

https://bringatrailer.com/listing/2002-chevrolet-camaro-40/

Why would someone buy what I assume they thought was a special car and then lock it away for 18 years without ever driving it?

stickguy · March 2020

As an investment hoping for big profit.

stickguy · March 2020

I would not mind having one of those. Pretty neat.

graphicguy · March 2020

I used to see those alleged “collector cars” come up for sale pretty regularly. Someone would buy one (Camaro, Mustang, 300Z/350Z, etc). Tie up tens of thousands of dollars for a decade or two, and bemoan the fact their investment appreciation never materialized.

Haven’t seen much of that lately. But, the Camaro in the ad is a perfect example. The original owner obviously and finally cut bait.

qbrozen · March 2020

I remember sitting in a used one when it wasn't very old. One of the worst interiors I have ever witnessed. Looked like it had been completely removed and then reinstalled with half the fasteners (not that someone did that, but that's how it looked after just a couple of years of use). Not to mention the atrocious plastics and fabrics.

corvette · March 2020

My uncle had a non-SS Z28 with cruise control as the only option. Crank windows and manual locks. It was a no-frills way to go fast in a straight line.

stickguy · March 2020

Just got an email from local Hyundai dealer. Stressing that only showroom is closed, but they can still sell. Offering to do everything electronically, then they will deliver the car. Hopefully with some wipes to sanitize from the guy that drove it out! Maybe do that then park in the sun for 3 days just in case.

Kinda curious how desperate they are on price at this point. And hard to imagine they get many sales, especially if they aren’t.

kyfdx · March 2020

Anyone sold to Carvana?

https://forums.edmunds.com/discussion/60786/honda/x/selling-honda-crv-on-carvana-adjustment-of-local-market#latest

fintail · March 2020

The overmonied wingadinga demographic thinking they can make a fortune in a couple decades, and almost always losing their shirt. A number of these and Corvettes get put away waiting for a future windfall that generally never happens.

oldfarmer50 said:
Speaking of BAT, can you explain this:

Why would someone buy what I assume they thought was a special car and then lock it away for 18 years without ever driving it?

roadburner · March 2020

oldfarmer50 said:
Speaking of BAT, can you explain this:

https://bringatrailer.com/listing/2002-chevrolet-camaro-40/

Why would someone buy what I assume they thought was a special car and then lock it away for 18 years without ever driving it?

My uncle had a friend with a 1967 Cougar XR7 with less than 5k miles on it IIRC. The problem with buying a time capsule is that you either keep it off the road or resign yourself to visualizing that you are throwing buckets of $100 bills out the window every time you take it for a drive.

roadburner · March 2020

qbrozen said:
I remember sitting in a used one when it wasn't very old. One of the worst interiors I have ever witnessed. Looked like it had been completely removed and then reinstalled with half the fasteners (not that someone did that, but that's how it looked after just a couple of years of use). Not to mention the atrocious plastics and fabrics.

Introducing the new Camaro- with interiors by Tupperware!

stickguy · March 2020

Or buy oddballs that are not super popular so much cheaper!

stickguy · March 2020

kyfdx said:
Anyone sold to Carvana?

https://forums.edmunds.com/discussion/60786/honda/x/selling-honda-crv-on-carvana-adjustment-of-local-market#latest

You rang?

oldfarmer50 · March 2020

stickguy said:
Just got an email from local Hyundai dealer. Stressing that only showroom is closed, but they can still sell. Offering to do everything electronically, then they will deliver the car. Hopefully with some wipes to sanitize from the guy that drove it out! Maybe do that then park in the sun for 3 days just in case.

Kinda curious how desperate they are on price at this point. And hard to imagine they get many sales, especially if they aren’t.

Might be the time to throw them a Graphicguy low-ball offer and see what happens. As I said before, dealers must be desperate to come up with some cash flow.

Try waving a fist full of hundreds and yelling “who wants to sell me a car TODAY?”.

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