<jcd1234@kattare.com> wrote in message
news:1124465220.501518.167740@g43g2000cwa.googlegr oups.com...
> Those people cannot afford SUVs to begin with. Most of them take out
> 60 month, 72 month, or even 96 month loans to pay for them. Rising gas
> prices will stretch many to the limit (not that they're not already
> there anyway), and they will default on their car loans. You
> overestimate the intelligence of the average consumer.

In the majority of cases, this is indeed true. One of my co-workers has a
workout partner at his gym who's a sales manager at a GMC/Pontiac/Buick
dealership. He said that roughly 95% of the people that purchase SUVs at
that dealership finance anywhere from 95% of the sale price to 120% when
they're "upside down" with their trade-ins. The guy said that it just amazes
him on a daily basis "how financially f'ed up these people are--yet they're
wanting to buy a ~$38,000.00 SUV that gets HORRIBLE gas mileage." He said
that there were "a few exceptions where someone will plop down cash for one
of these beasts".

Ron M.

 

<jcd1234@kattare.com> wrote in message
news:1124465220.501518.167740@g43g2000cwa.googlegr oups.com...
> Those people cannot afford SUVs to begin with. Most of them take out
> 60 month, 72 month, or even 96 month loans to pay for them. Rising gas
> prices will stretch many to the limit (not that they're not already
> there anyway), and they will default on their car loans. You
> overestimate the intelligence of the average consumer.

In the majority of cases, this is indeed true. One of my co-workers has a
workout partner at his gym who's a sales manager at a GMC/Pontiac/Buick
dealership. He said that roughly 95% of the people that purchase SUVs at
that dealership finance anywhere from 95% of the sale price to 120% when
they're "upside down" with their trade-ins. The guy said that it just amazes
him on a daily basis "how financially f'ed up these people are--yet they're
wanting to buy a ~$38,000.00 SUV that gets HORRIBLE gas mileage." He said
that there were "a few exceptions where someone will plop down cash for one
of these beasts".

Ron M.

 

On Thu, 18 Aug 2005 22:01:34 -0700, "Brad Taylor" <BradTaylor@ev1.net>
wrote:

>Of course you beleive all the liberal press krap. You sound like a no
>brainer yourself.

1) top posting is a no-no.

2) very little press in the Us is liberal. It is aminly controlled by
a few conglomerates, with heavy political allegences to one or the
other of the main parties - this is something clearly evident back in
October.

3) am i a liberal? well, if you mean am i a free-thinking person who
doesn't let the preconceptions of others contrain me into a narrow
thought pattern, then yes, i am. (that IS what liberal means, you
know. How the hell americans have come to be convinced, as you
obviously are, that free and independant thought is a bad thing, i'll
never know.

>
>> Americans just need to get their heads out of their collective *****,
>> stop whining, and live with it. I mean, when you elect an oil
>> president, of course oil prices will rise. Duh. its an utter no
>> brainer. Grow up, get over it, welcome to the real world.
>>
>

 

On Thu, 18 Aug 2005 22:01:34 -0700, "Brad Taylor" <BradTaylor@ev1.net>
wrote:

>Of course you beleive all the liberal press krap. You sound like a no
>brainer yourself.

1) top posting is a no-no.

2) very little press in the Us is liberal. It is aminly controlled by
a few conglomerates, with heavy political allegences to one or the
other of the main parties - this is something clearly evident back in
October.

3) am i a liberal? well, if you mean am i a free-thinking person who
doesn't let the preconceptions of others contrain me into a narrow
thought pattern, then yes, i am. (that IS what liberal means, you
know. How the hell americans have come to be convinced, as you
obviously are, that free and independant thought is a bad thing, i'll
never know.

>
>> Americans just need to get their heads out of their collective *****,
>> stop whining, and live with it. I mean, when you elect an oil
>> president, of course oil prices will rise. Duh. its an utter no
>> brainer. Grow up, get over it, welcome to the real world.
>>
>

 

T.E.R.M.S............That's the magic word for people with no money in the
bank . My dad always told me buy it if you got the money , if you don't have
the money don't buy it . Pretty simple actually .


"Ron M." <nobody@nowhere.net> wrote in message
news:11gedolrbdip37f@corp.supernews.com...
> <jcd1234@kattare.com> wrote in message
> news:1124465220.501518.167740@g43g2000cwa.googlegr oups.com...
>> Those people cannot afford SUVs to begin with. Most of them take out
>> 60 month, 72 month, or even 96 month loans to pay for them. Rising gas
>> prices will stretch many to the limit (not that they're not already
>> there anyway), and they will default on their car loans. You
>> overestimate the intelligence of the average consumer.
>
> In the majority of cases, this is indeed true. One of my co-workers has a
> workout partner at his gym who's a sales manager at a GMC/Pontiac/Buick
> dealership. He said that roughly 95% of the people that purchase SUVs at
> that dealership finance anywhere from 95% of the sale price to 120% when
> they're "upside down" with their trade-ins. The guy said that it just
> amazes
> him on a daily basis "how financially f'ed up these people are--yet
> they're
> wanting to buy a ~$38,000.00 SUV that gets HORRIBLE gas mileage." He said
> that there were "a few exceptions where someone will plop down cash for
> one
> of these beasts".
>
> Ron M.
>
>

 

T.E.R.M.S............That's the magic word for people with no money in the
bank . My dad always told me buy it if you got the money , if you don't have
the money don't buy it . Pretty simple actually .


"Ron M." <nobody@nowhere.net> wrote in message
news:11gedolrbdip37f@corp.supernews.com...
> <jcd1234@kattare.com> wrote in message
> news:1124465220.501518.167740@g43g2000cwa.googlegr oups.com...
>> Those people cannot afford SUVs to begin with. Most of them take out
>> 60 month, 72 month, or even 96 month loans to pay for them. Rising gas
>> prices will stretch many to the limit (not that they're not already
>> there anyway), and they will default on their car loans. You
>> overestimate the intelligence of the average consumer.
>
> In the majority of cases, this is indeed true. One of my co-workers has a
> workout partner at his gym who's a sales manager at a GMC/Pontiac/Buick
> dealership. He said that roughly 95% of the people that purchase SUVs at
> that dealership finance anywhere from 95% of the sale price to 120% when
> they're "upside down" with their trade-ins. The guy said that it just
> amazes
> him on a daily basis "how financially f'ed up these people are--yet
> they're
> wanting to buy a ~$38,000.00 SUV that gets HORRIBLE gas mileage." He said
> that there were "a few exceptions where someone will plop down cash for
> one
> of these beasts".
>
> Ron M.
>
>