Wednesday, November 24, 2010

Cars: New Or Used?

In case some of you are wondering why I've been writing so many financial articles lately, the answer is simple. The real purpose of credit in this corrupt system of theirs, is to separate you from as much money as possible. I'm just trying to inform you and give you some facts you can use if you feel you must use the Judeo-Capitalist credit system.

But anyway, should you buy used or new? Well, that depends on what you can afford, and what your specific needs are. Anyone who buys a new car or motorcycle and finances it, when they don't really need it, they just want it, is a sucker and they deserve to lose their money. That's harsh, but it's true. If you can't afford to pay cash, then you don't need it. I have a truck and a Harley and I own the pink slips (which are now green in California), and I wouldn't have it any other way.

You might say, "But cars are so expensive. Most of us could never afford to pay cash. And when your old car goes out on you, you need another one fast." True enough. But the question is do you need a NEW car, or do you just want one. Needing and wanting are two completely different things.

If you consider interest rates, finance charges, full coverage accident and theft insurance, life insurance that pays off the finance company in case you have a heart attack or something, plus any other fees, by the time you've paid it all off, you've paid double what the car was orginally worth. Also, never forget that once the wheels touch the street after you buy a new car, it is no longer a new car. If you want to sell it for some reason, no dealer will give you full value because it is a used car, even if you've only had it for one day. In other words, you're being ripped off royally.

And for those of you who like SUV's, but never go off roading, you are double suckers. Now I'm not familiar with the laws in all the states, just here in California. What does SUV stand for? SPORT Utility Vehicle. They key word is sport. In California, that makes it a sports car. Vehicle registration fees are higher for all sports vehicles. Also, insurance rates are higher as well. PLUS, SUV's are four wheel drive. In California it's also an extra registration fee for four wheel drives, and the insurance companies are allow to charge you even more for coverage. If you own an SUV in California, you're getting ripped off four different ways as compared to a two wheel drive, non-sport vehicle. Hey, if you like throwing your money away, send it to me. I could always use some extra. I'm serious. Why give it to the bankers? Help out a Party Comrade and give it to me! P.O. Box 2145, Rialto, Ca., 92377.

As to leasing, that's even worse. I remember when Homer Simpson bought an SUV called a Canyonero. Here's the conversation.

Salesman: Now Mr. Simpson, I've broken your lease down for you. Here's your monthly payment, your weekly payment, and your CPB.

Homer: What's a CPB?

Salesman: Crippling balloon payment.

Homer: But that's not for a long time, right?

Salesman: Right!

Homer: Sweet!

There are some advantages with leasing over buying, but in the end, it's really going to cost you. DON'T DO IT! In many cases there is a CPB. Watch for it when leasing.

There's a common belief that when you buy or lease, you have a three day "cooling off" period where you can change your mind and get out of the contract without any penalty. Is this true? Not in California it isn't. There is no cooling off period. However, if you insist on financing or leasing a car, you can negotiate a clause in your contract for a cooling off period. I highly recommend you do. That way if you do change your mind, you're not stuck.

As to buying used, there are two old sayings, "Buy a used car, you buy someone else's troubles." And, "You buys your ticket and takes your chances." However, if you know a little something about cars, or have a friend who does, you can get a decent car and avoid the lemons. In California, you have the right to take a car you're thinking of buying to your mechanic (at your expense) before you pay the owner anything. Also, even if you buy the car "as is", the seller is responsible for replacing any missing emissions control equipment. For example, if you go to get your car smogged, and the technician says, "Sorry, I can't put this on the machine. Your O 2 sensor is missing." The one you bought the car from is obligated by law to buy you a new sensor. Also, if he knew the car was a piece of junk and told you it was a good car, he has committed fraud and must give you your money back, even if you bought it "as is." If he won't, sue his ass.

Another way to go is auto auctions. They are all over the place, and it's easy to do. Right now, I own a 1999 Ford F150 Pick Up. I bought it last year at a police auction for $525, plus tax and registration fees. About $675 out the door. That's right, a 1999 six cylinder truck in good to excellent condition for a total of $675. Did it need any repairs? Yes, a front windshield, cost $100 even. That's a total of $775 for tax, registration, price, and repairs. I sold my old Chevy S10 for $675, meaning this truck cost me only $100 including all fees. You can't beat that! I've never liked cops, but I got something off of them this time, and it was not a fluke. I helped a friend get a Bronco for $575. I saw someone get a 2005 Ford Escort for $250! Call your local police or sheriff and ask where the nearest police auction is. Then call them and ask when the next one will be, and when the viewing will be so you can see the cars before you buy. There are also private auctions, but expect the bidding to start higher, as they are out to make a profit, and all the cops care about is getting the towing and impound fees covered by the sale. Private auctions can be found in the Yellow Pages, or on Google. All police auctions require that you have a valid driver's licence. If you don't, give the money to a friend and have him or her buy it for you. Sh! You didn't hear that!

Now I must warn you that auctions are different from sales. Buying at auctions really is "as is". NO EXCEPTIONS. If you don't know anything about cars, bring a friend who does. That way you can avoid the junk, and have a better chance at a good car. I bought both my old Chevy S10 and my Ford F150 at auction. A winner both times. BTW, I drove my Ford all the way to Pulaski, Tennessee and back to San Bernardino last summer. The only problem I had was one flat tire. But I do know a little something about cars. If you go to an auction, I recommend you don't go alone, unless you too are car savvy.

As you may see, I'm partial to auctions. Not just because I can save a fortune, but because I can keep my hard earned money from the greedy banksters. Never forget that they are out to take as much of your money as they can. No matter how friendly they sound, they want your money, not your friendship. I won't give them either. As a National Socialist, I don't support the credit system, and neither should you. Credit is to be used as a last resort, and only after you've tried everything else. If you can get a nice car, plus keep your money away from the vultures, then you're batting a thousand in my book!

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