In Reply to: This is why I love my Saabs...., Saabpilot [Profile/Gallery] , Wed, 17 Nov 2004 12:18:15

The guy in the new Cadillac lost 15K the first day he owned his car and will lose about 30K in the first two years--yeah he's real bright. The vast majority of people you see in new cars don't own them, the bank does. But it gets worse. Unless they put at least 40% down (and no one ever does)they probably owe more money than their car is worth--a lot more. Probably 98% of the people driving cars less than three years old are upside down (I'm in the car business). If you see someone in a new top of the line BMW or MB, they're going to throw away at least 60K in three years. The fact is that you have more equity in your car than most of the high rollers do. Now you can snicker too.

posted by 24.247.178...

• This is why I love my Saabs...., Saabpilot , Wed, 17 Nov 2004 12:18:15
  • Re: MPG, MS, Thu, 18 Nov 2004 13:09:01
  • 32 MPG in '89 SPG on a trip from ATL to Asheville, RS , Thu, 18 Nov 2004 07:50:12
  • snicking at you?, ryan , Wed, 17 Nov 2004 21:49:29
    • Just a typical arrogant type..., Saabpilot , Wed, 17 Nov 2004 23:02:30
      • probably has some confidence issues, ryan , Thu, 18 Nov 2004 20:10:44
        • Don't worry, I paid him about 5 seconds..., Saabpilot , Fri, 19 Nov 2004 20:48:43
  • I always snicker at people in new cars, No Snaab, Wed, 17 Nov 2004 16:43:41 <-- Viewing This Message
    • Re: I always snicker at people in new cars, Bill S., Thu, 18 Nov 2004 15:56:31
  • Re: This is why I love my Saabs...., Lee McGinley, Wed, 17 Nov 2004 16:27:43
    • Re: This is why I love my Saabs...., sandor, Wed, 17 Nov 2004 17:56:23
  • I wish I could get 30mpg, Jeff S, Wed, 17 Nov 2004 14:51:37
  • How do you guys get 30 MPG when..., Chaz, Wed, 17 Nov 2004 14:44:04
    • Re: How do you guys get 30 MPG when..., Bill S., Thu, 18 Nov 2004 13:54:03
    • No gimmicks-, IrieTom , Thu, 18 Nov 2004 10:34:52
    • I'm on my 11th 900 Turbo ('93 900T) and they've....., vsfoxe , Wed, 17 Nov 2004 17:17:37
    • Not to sound stupid but...., Saabpilot , Wed, 17 Nov 2004 16:06:11
    • me too, burlyb, Wed, 17 Nov 2004 15:58:47
      • Re: me too, Ryan Haagensen, Wed, 17 Nov 2004 16:09:34

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