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Bo McGillacutty
Car Questions Answered
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Comments by "Bo McGillacutty" (@Mrbfgray) on "Car Questions Answered" channel.
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Sitting in the sun and weather for 3 yrs is used to me.
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May sound trivial but I appreciate the 'more honest' round number prices, $4000 instead of 3995.
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I'll offer $35k for what they are asking $75k for.
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@sprinkleddonuts6094 IDK this market well enough, but that's not a lot given new truck prices.
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Let's write our congressmen to fight the bailouts when they come.
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Same here. No reason to rant however, if you need/want a truck, just buy an old one. I have nice cars two and NEVER bought new or made payments.
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No single data point indicates such. This is an indicator of gross consumer reckless irresponsibility.
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Who got one that cheap in a decade?
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IDK about that but 3 yrs in the sun IS USED to me.
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I'd add that anyone buying more than bare minimum econobox, anytime, is a fool if they can't pay for it twice in cash.
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F dealers and employees may as well milk it for all it's worth, don't think Ford will last to 2030.
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For every time that happens there is an irresponsible individual involved purchasing a car they can't afford. Have major student debt problem? Then you can't afford a car, or maybe a $800 car.
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What happened to "EVs on ICE"? We need an update. 😉
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It's on those who live hand to mouth and make consistently bad financial choices. "If you can't pay for it twice in cash, U can't afford it." The rule to live by for ALL discretionary purchases, a new car is always discretionary, buy a cheap used that U can afford, making payments is usually a bad idea.
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@wb1340 I like the cancelled degree concept. I worked my way thru engineering degree, took longer than most would find acceptable and tuition was lower then but I never even thought about loans.
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@EldePHX Gotta fight bailouts, best hope is they are so diminished as to not be "too big to fail"...and we all raise hell. Tad sad to see Big Three go down, but the only way markets can operate efficiently, fast and effective. F has a chance in some diminished form or colab. Rural America few decades ago, we relied on Sears. Now forgotten and not missed, Sears was American Icon since 1900...fell behind new tech and got replaced.
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Which means bankruptcy, I'm fine with that. Tesla sells direct to consumer, no shenanigans, no haggling no hassle no wasted time no extra markup.
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@captmorgan2063 Curious calling them horrendous, mortgage rates in early 1980's were 15 to 18%. We've been spoiled in recent yrs to 'free money'.
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For a car--If you can't pay for it twice in cash you can't afford it. Simple. If you have student loan problems maybe you can't afford a car at all, get over it.
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@truthisforever1000 Sure, let it all burn, Big 3 are on borrowed time anyway and apparently burger flipping is a better deal. Good riddance to the 3 and the UAW.
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They are largely obsolete and won't be missed. What value do they add? Not much.
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A strike will be a good excuse for their stockholders when they can't sell near production capacity anyway.
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@SC-ts3wd Good, if you can't pay for it twice in cash you can't afford it. Now hopefully you are good and DYI maintenance and repairs.
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@toxicblackman Exactly, it works, especially on undisciplined small minds like those that frequent Wallfart. :D
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Regardless of what you can "see" the inevitability is big price cuts.
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@Bangkok-ik1fp Big 3 already received some $8B in "loans" (they'll never be able to pay back) just this yr. I'm beyond sick of paying for their largess and failure. If customers want to pay for their products that's their choice not my concern.
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Vast majority shouldn't be buying new, making payments means you can't properly afford it.
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If I'm going to pay $80k for a PU it's def going to be a Tesla monster truck. HA! (tho I must wait 3 or 4 yrs to take delivery)
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Adoption of EVs is going faster than "they" predicted, just not certain brands which aren't good value. Tesla is not having problems selling all they can make. Cutting prices along with mfg costs is in Tesla's mission statement from 15 yrs ago, it's inevitable. Good GRIEF.
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Good friend a contractor ran Fords for many yrs until (forget exact version) 200X lemon, in the shop as much as out until Ford told him "'their obligations were done with him'" only half way thru warranty period. He swore off F ever since.
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Any recession is cleaning up excess risk taking and spending, a generally healthy if painful reset, allowing for future growth and prosperity. This is nothing like the double digit, up to around 15% interest rates and inflation, 7% unemployment, when I launched my shoestring itty bitty contracting biz. We were stuck in "Stagflation" for a long time it seemed. The cure was those excruciating high interest rates and cutting taxes.
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Been a subscriber all along, but do a standing backflip and I'll double sub.
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@Pleasiotic1 Sure you could say net worth, and make the case that interest payments is more than offset by investment gains. But that's not the reality of most ppl buying new cars and when it is--the wealthy person could easily pay up front multiple times over.
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@lacrosse1314 ONE indicator, yes, out of thousands.
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@Shadow_Banned_Conservative Are you 12?
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@Shadow_Banned_Conservative Not interested in a pointless pissing match Sport. Good Day!
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An interesting old sales strategy: Start at price X and subtract Y dollars every day until sold, sort of an automatic auction in reverse.
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@mitchhedberg4415 Not really but that's plenty cheap enough for anyone who as any biz thinking about driving regularly. And learn how to maintain and repair it on your own. Or I'd suggest a bicycle.
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@JimAllen-Persona Expensing it and tax right off doesn't make it free, still don't make money by losing it.
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If you can't pay for it twice in cash you can't afford it.
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30 thousand of that 167 thousand miles were racked up running it thru auctions. 😉
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@sprinkleddonuts6094 I'm not shopping, last time I researched the hell out of BMW E92 M3, spent 6 wks shopping the West Coast for one, bought one and done. That was 6 yrs ago. Hope to run it indefinitely. Market for XYZ vehicle is what it is, I wouldn't know or much care.
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It's a depreciating "asset" (really a liability), if you can't pay for it twice in cash you can't afford it.
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@joephysics5469 I'm not informed on newer rigs but I'd be very skeptical of hybrids in particular, complexity suggests they are going to be a problem, at least early yrs.
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It's a liability but still has equity short of being totaled.
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@carquestionsanswered Only if you can hold it in the middle, inverted for 10 seconds.
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Mr. Chrysle's great grandson--better keep that vintage car and walk away from the disastrous company.
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Buy some TSLA, skip the truck. 😉
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@tylerreece1167 They only get away with what damned fools allow.
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We all need to raise hell with our representatives next time the big 3 go bankrupt (Ford only one who hasn't so far), to not bail them out, shouldn't take many yrs.
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