First of All NEVER buy a NEW or USED CAR from a DEALER – It is throwing Money down the toliet, Second Never Lease a car from a Dealer as you are throwing even more money down the toliet. Third NEVER TAKE A LOAN to buy a car. Instead set up auto monthly deduct in ING direct and make imaginary auto payments to yourself and keep the interest and when you get the total amount cash out and buy. If you want to lease do leasetrader or one of the web sites that let you assume someone elses lease at their lost. If you are buying pay someone $500 to take you to auction or look for a good private sale from a rich neighborhood where the car is garaged. If you want to flip cars you can get a car at auction for 3k to 6k off still under warranty and it will take 12-18 months to hit newspaper price and then flip it for same price and start over again. If you want the new car feel, buy a good quality used one and walk to the curb and throw 10K in the Sewer.
My friend buy a 18 month old car every 18 months and sells it at 36 when newspaper price hits his wholesale price and buys a new 18 month car. That way he is always under warranty is always driving a pretty new car and finally he is just rolling that first 20K he spent at auction again and again so for his entire life he will be in a pretty new car and never have to pay for a repair. By the way he is filthy rich and could buy new cars but that is why the rich stays rich.

A 9-year car loan???? That is unreal. I wonder what a $25k honda accord would cost a person financing it for 9 years? Not only would you probably spend enough to have purchased a lexus, what happens to these people if the car gets totaled in year 7? Nothing from the insurance company and then you still owe on the car? Sounds great.

. . . The pattern among consumers to trade in their cars after about three years hasn’t changed for decades.

I guess this goes back to the difference between needs versus wants which has become blurry for a lot of people in recent years. Suze Orman once said it best, “if I can drive and keep a car for 10 years, so can you.” Personally, I like this approach. Pay off the car in a couple of years then keep it for another 8 and be car-payment free for that time. I’ve never understood leasing for this reason—you always have a payment. Though I can see that it allows people to drive expensive cars that they otherwise would not be able to afford.

http://www.paperdinero.com/BNN.aspx?id=194

Excerpt features Treasury Secretary Henry Paulson discussing his assessment of the housing decline and his outlook for the future. Paulson suggests that the US has experienced a “major” housing correction that was inevitable after years of historic gains. “That correction has now been significant, we think it is near the bottom, it will take a while to work its way through the system.” Unfortunately, Paulson only reiterates the same guidance he offered last year prior to the housing market taking another major leg down.

Originally aired on: 5/21/2007 on New Hour

Running Time: 1 minutes 29 seconds

Please puke in your sleep (a la Hendrix).

make (34)-

Thanks for the affirmation. To be viewed with disdain by you is a confirmation I’m on the right track.

How’s that apartment building coming? Talk to your Dad today?

:-) thanks!! I needed that!

sl

Nice to know someone here has a sense of humor today. Also nice to find another Seinfeld fan.
” I told them ya did’nt and I laughed and I laughed.” (Elaine)

KL

Topic: Embarrassing moment.
Category: Career

Big client meeting, suits. Dual language company. Signs dual language. After a long drive and big coffee, halfway into the first meeting, I need a break. Hit the ladies’ room, heels clicking.

Go into the stall. Relief.

Half-way through, I see size 12 wingtips walk past and out the door. Another pair come right in. I stop mid-stream and lift up my shoes. Scheisse. Do I finish? Flush. I panic and don’t finish. The receptionist sees me run out the door, and I say, “Wow, that was close, I almost went in there!”

Back in the meeting, one of the execs says, “Can you believe people who don’t wash their hands after they go to the bathroom?”

Now your true colors are showing. Global warming prove it.

http://www.google.com/search?hl=en&q=paulson+strong+dollar&btnG=Google+Search