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Thread: Am I crazy or is this the worst time ever to buy a vehicle?

  1. #1341
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    Quote Originally Posted by mr2mike View Post
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    ^^^ Is there special, beneficial financing?
    They're fucking better be! Or else there's going to be an LgBt-FIRE!

    I feel like the advertisers of the world have actually convinced their customers of the following argument:
    "Look, Brah - banks are making mad bank. They make billions per quarter. And do you know why that is? Because their commercials are so insultingly pandering to "diversity" that everyone shops there and brings the money train. So you need to find a rainbow eco-bus filled to the brim with multi-ethnic cripples and pear-shaped freaks, and start filming. Sign here."

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    Quote Originally Posted by Buster View Post
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    why dont people just do the finance, then repay the next day deal
    Per the article “APA’s position is if they are going to do that they need to make you whole because you are paying interest on that loan whether you like it or not for at least three months and in many cases six months.”

    But I agree with you, what exactly could the dealership do if you financed and paid the entire loan off the next day? Unless there's some early repayment penalty in the fine print

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    Quote Originally Posted by 94boosted View Post
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    Per the article “APA’s position is if they are going to do that they need to make you whole because you are paying interest on that loan whether you like it or not for at least three months and in many cases six months.”

    But I agree with you, what exactly could the dealership do if you financed and paid the entire loan off the next day? Unless there's some early repayment penalty in the fine print
    I thought auto loans in Canada were completely open, as required by law.

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    Quote Originally Posted by Buster View Post
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    I thought auto loans in Canada were completely open, as required by law.
    Sure. And you'd find that out how? If a dealer has you sign a "contract" stating you won't, how would you know? Why don't any of these articles mention this very simple fact?

    I believe you and I had a discussion about VRM vs ARM, and the vast majority of people actually have ARMs but they are referred to as VRMs by basically everyone including industry.

    Is it reasonable for someone to be a contract law expert in order to obtain services in this day and age? You can call people stupid all they want, but I sincerely doubt you read the entirety of the contract attached to your last credit card signup as well as the provisions for every single event attached to it. Or your cell provider. Or the last app you downloaded terms of service. And on it goes.
    Quote Originally Posted by rage2 View Post
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    If I had known you guys would end up being such bitches, I would’ve opened the parenting forum.

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    Quote Originally Posted by zechs View Post
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    Sure. And you'd find that out how? If a dealer has you sign a "contract" stating you won't, how would you know? Why don't any of these articles mention this very simple fact?

    I believe you and I had a discussion about VRM vs ARM, and the vast majority of people actually have ARMs but they are referred to as VRMs by basically everyone including industry.

    Is it reasonable for someone to be a contract law expert in order to obtain services in this day and age? You can call people stupid all they want, but I sincerely doubt you read the entirety of the contract attached to your last credit card signup as well as the provisions for every single event attached to it. Or your cell provider. Or the last app you downloaded terms of service. And on it goes.
    I'm sure @shakalaka would be the best person to ask, but I do not believe a contract can be enforced if it specifically contravenes the intent of a law.

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    Quote Originally Posted by Buster View Post
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    I'm sure @shakalaka would be the best person to ask, but I do not believe a contract can be enforced if it specifically contravenes the intent of a law.
    I learned that in business law back in uni, it must be true.

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    Quote Originally Posted by Buster View Post
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    I'm sure @shakalaka would be the best person to ask, but I do not believe a contract can be enforced if it specifically contravenes the intent of a law.
    That's not the point. The point is you don't know what you don't know, and if someone doesn't know they are entitled to treat the loan like that, they would never find that out unless someone explicitly told them.

    And on top of that, you have someone (the dealership) lying and saying you can't pay it out early. So why would the joeschmoe consumer think to do so?
    Quote Originally Posted by rage2 View Post
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    If I had known you guys would end up being such bitches, I would’ve opened the parenting forum.

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    Dealerships have an opportune time to feast on the ignorant, always the biggest buffet.

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    Quote Originally Posted by zechs View Post
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    That's not the point. The point is you don't know what you don't know, and if someone doesn't know they are entitled to treat the loan like that, they would never find that out unless someone explicitly told them.

    And on top of that, you have someone (the dealership) lying and saying you can't pay it out early. So why would the joeschmoe consumer think to do so?
    This is a fair p point.

    I'm bumping Don't Be Poor to rule #2.

    Rule#1 is now: Don't Be A Retard

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    in my space I find that people pay what they probably legally don’t have to often… to the point where the unscrupulous will try and get away with it every time…

    It’s either too much headache to deal with, or the delays around fighting it make it not worthwhile, or they do not have the means to fight it. Lack of oversight, or repercussions will keep this going as general practice from these parasites

    It’s so bad that the comparison I use when explaining it is the private parking lot “tickets” that they try and issue people with all the nonsense threats on the back that are not enforceable
    Last edited by ercchry; 11-22-2022 at 06:46 PM.

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    We need better oversight, by snipers.

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    Quote Originally Posted by ercchry View Post
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    in my space I find that people pay what they probably legally don’t have to often… to the point where the unscrupulous will try and get away with it every time…

    It’s either too much headache to deal with, or the delays around fighting it make it not worth while, or they do not have the means to fight it. Lack of oversight, or repercussions will keep this going as general practice from these parasites
    With a car loan it would be simple: ask the lender for a payout quote/invoice. Pay the invoice.

    A lender who tries to include fees or breakage/penalties in that invoice wild be taking on major risk and I didn't that any would do it.

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    I think you are vastly overestimating the ability of most people to pay off their loans, even with other forms of credit.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  14. #1354
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    Quote Originally Posted by killramos View Post
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    I think you are vastly overestimating the ability of most people to pay off their loans, even with other forms of credit.
    Well the concern is people being forced take the financing when they don't want to.

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    Quote Originally Posted by Buster View Post
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    With a car loan it would be simple: ask the lender for a payout quote/invoice. Pay the invoice.

    A lender who tries to include fees or breakage/penalties in that invoice wild be taking on major risk and I didn't that any would do it.
    Yeah, you’d be surprised what I see in payout statements from private lenders sometimes. What’s the risk though? Litigation happens, judgement says no… lawyers paid, client still out extra. If loan is from a chartered bank, possibly some repercussions… but not all lenders are regulated equally, fairstone for example dgaf

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    Quote Originally Posted by Buster View Post
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    Well the concern is people being forced take the financing when they don't want to.
    That’s why they SAY they took the financing.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  17. #1357
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    Quote Originally Posted by ercchry View Post
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    Yeah, you’d be surprised what I see in payout statements from private lenders sometimes. What’s the risk though? Litigation happens, judgement says no… lawyers paid, client still out extra. If loan is from a chartered bank, possibly some repercussions… but not all lenders are regulated equally, fairstone for example dgaf
    Well if you get scanned by someone doing something illegal, then I would refer you to our newly minted rule #1.

    If you're retarded them all bets are off.

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    Quote Originally Posted by ExtraSlow View Post
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    We need better oversight, by snipers.
    That can be easily arranged.

  19. #1359
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    Penis rocket man Bezos says recession which means:

    “If you're an individual considering purchasing a big-screen TV, you might want to wait, hold onto your money, and see what transpires,”

    "'new automobile, refrigerator, or whatever'

    Of course as a billionaire I don't know if this means the exact opposite, hard to know what goes through the mind of rocket man.
    Trumps' signature is fraud by design.

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    Quote Originally Posted by 94boosted View Post
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    Per the article “APA’s position is if they are going to do that they need to make you whole because you are paying interest on that loan whether you like it or not for at least three months and in many cases six months.”

    But I agree with you, what exactly could the dealership do if you financed and paid the entire loan off the next day? Unless there's some early repayment penalty in the fine print
    Im pretty positive they make you sign a contract that says if you pay off that loan within that time frame youll get dinged with a pretty hefty penalty... Ive heard almost as high as $2000. Unsure how thats legal but you sign on the dotted line i guess. Cant wait to see vehicles for sale for stupid prices for years to come because dumbasses bought highly inflated and have been paying more interest than principle on their vehicle loans...

    As much as we hate to admit it, the car market isnt controlled heavily on the manufacturer, its on the idiot consumer thats willing to pay for it. And there are a lot of idiots out there.

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