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Re: Negative equity [Re: Harleydude] #15076849 05/18/24 10:14 PM
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tmd11111 Online Content
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Originally Posted by Harleydude
No, it gets the lift and other goodies once it gets here. And that is probably financed in some way as well. We have several shops in the area dedicated to the craft. I want a Raptor R for myself but it’s a 2-3 year wait list out here.


Plenty of Raptor R’s available for $20k over msrp

Re: Negative equity [Re: tmd11111] #15076866 05/18/24 10:37 PM
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Brian Spagnola Offline OP
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Originally Posted by tmd11111
Originally Posted by Harleydude
No, it gets the lift and other goodies once it gets here. And that is probably financed in some way as well. We have several shops in the area dedicated to the craft. I want a Raptor R for myself but it’s a 2-3 year wait list out here.


Plenty of Raptor R’s available for $20k over msrp


Those will actually bring it. They bring almost that over at Auction with short miles.

Re: Negative equity [Re: tmd11111] #15076871 05/18/24 10:42 PM
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Originally Posted by tmd11111
Originally Posted by Harleydude
No, it gets the lift and other goodies once it gets here. And that is probably financed in some way as well. We have several shops in the area dedicated to the craft. I want a Raptor R for myself but it’s a 2-3 year wait list out here.


Plenty of Raptor R’s available for $20k over msrp

They can keep them at 20K over. MSRP max with my trade in and cash or no deal. I should probably just order one and wait forever.

Re: Negative equity [Re: Brian Spagnola] #15076880 05/18/24 10:50 PM
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Grasshopperglock Online Content
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Stop saying, 'cash'.



Tell them you're willing to finance out to 6 years. Not 7 or 8. BS it at 6 years.


Once your order shows up. Tell them it's cash. You changed your mind. You love the vehicle that much and wanna take it on spot.

.......


In Texas. For any document to take effect. Requires the buyer to take delivery. With dealerships setting the standard. You must leave the property to take possession. 'Bust the curb' in industry speak.


You can sign everything, including the bathroom wall. But You Do Not Own It, until you leave the property. Bust the curb.


And unless you bust said curb. You can tell them to stick it. Don't want it. (They can't make you take it. )

Last edited by Grasshopperglock; 05/18/24 10:52 PM.
Re: Negative equity [Re: Grasshopperglock] #15076908 05/18/24 11:15 PM
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Originally Posted by Grasshopperglock
Stop saying, 'cash'.



Tell them you're willing to finance out to 6 years. Not 7 or 8. BS it at 6 years.


Once your order shows up. Tell them it's cash. You changed your mind. You love the vehicle that much and wanna take it on spot.

.......


In Texas. For any document to take effect. Requires the buyer to take delivery. With dealerships setting the standard. You must leave the property to take possession. 'Bust the curb' in industry speak.


You can sign everything, including the bathroom wall. But You Do Not Own It, until you leave the property. Bust the curb.


And unless you bust said curb. You can tell them to stick it. Don't want it. (They can't make you take it. )

LOL! No thanks.

Re: Negative equity [Re: Harleydude] #15076912 05/18/24 11:19 PM
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Originally Posted by Harleydude
Originally Posted by Grasshopperglock
Stop saying, 'cash'.



Tell them you're willing to finance out to 6 years. Not 7 or 8. BS it at 6 years.


Once your order shows up. Tell them it's cash. You changed your mind. You love the vehicle that much and wanna take it on spot.

.......


In Texas. For any document to take effect. Requires the buyer to take delivery. With dealerships setting the standard. You must leave the property to take possession. 'Bust the curb' in industry speak.


You can sign everything, including the bathroom wall. But You Do Not Own It, until you leave the property. Bust the curb.


And unless you bust said curb. You can tell them to stick it. Don't want it. (They can't make you take it. )

LOL! No thanks.



Haven't you've ever wondered what's the exact moment you start owning it? No turning back. It's Yours?

Re: Negative equity [Re: Grasshopperglock] #15076928 05/18/24 11:32 PM
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Originally Posted by Grasshopperglock
Originally Posted by Harleydude
Originally Posted by Grasshopperglock
Stop saying, 'cash'.



Tell them you're willing to finance out to 6 years. Not 7 or 8. BS it at 6 years.


Once your order shows up. Tell them it's cash. You changed your mind. You love the vehicle that much and wanna take it on spot.

.......


In Texas. For any document to take effect. Requires the buyer to take delivery. With dealerships setting the standard. You must leave the property to take possession. 'Bust the curb' in industry speak.


You can sign everything, including the bathroom wall. But You Do Not Own It, until you leave the property. Bust the curb.


And unless you bust said curb. You can tell them to stick it. Don't want it. (They can't make you take it. )

LOL! No thanks.



Haven't you've ever wondered what's the exact moment you start owning it? No turning back. It's Yours?

If I order it I want it. I don’t order stuff to play games. Only reason I haven’t ordered one is because of the wait which means I have to replace my current Raptor with a new one before the R would arrive at this point. Unless I got lucky.

Re: Negative equity [Re: Harleydude] #15076934 05/18/24 11:39 PM
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Originally Posted by Harleydude
Originally Posted by Grasshopperglock
Originally Posted by Harleydude
Originally Posted by Grasshopperglock
Stop saying, 'cash'.



Tell them you're willing to finance out to 6 years. Not 7 or 8. BS it at 6 years.


Once your order shows up. Tell them it's cash. You changed your mind. You love the vehicle that much and wanna take it on spot.

.......


In Texas. For any document to take effect. Requires the buyer to take delivery. With dealerships setting the standard. You must leave the property to take possession. 'Bust the curb' in industry speak.


You can sign everything, including the bathroom wall. But You Do Not Own It, until you leave the property. Bust the curb.


And unless you bust said curb. You can tell them to stick it. Don't want it. (They can't make you take it. )

LOL! No thanks.



Haven't you've ever wondered what's the exact moment you start owning it? No turning back. It's Yours?

If I order it I want it. I don’t order stuff to play games. Only reason I haven’t ordered one is because of the wait which means I have to replace my current Raptor with a new one before the R would arrive at this point. Unless I got lucky.



The other name for games is negotiating and you're going up against the best.

Re: Negative equity [Re: Brian Spagnola] #15076935 05/18/24 11:39 PM
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How poorly do some people handle money?

How do you get $41K upside down in a vehicle? I bought a new truck in 1989 and paid cash and got a new truck every 18-24 months until 2011 or so. Only ever had a car note once, it's because I also bought a couple year old Vette the same day. It was a trade in and was a deal and couldn't leave without it, lol.


Still how does that happen? noidea


#MFGA
Re: Negative equity [Re: Brian Spagnola] #15076961 05/18/24 11:59 PM
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I have had equity in my 2012 F150 since mid 2014, 107K miles on it.

Last edited by Trickster; 05/19/24 12:00 AM.
Re: Negative equity [Re: Brian Spagnola] #15076964 05/19/24 12:01 AM
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2017-2019

(Mine is a 2015 GM product)



Not much of quality issues. Every year after that. Read the warranty.

Last edited by Grasshopperglock; 05/19/24 12:02 AM.
Re: Negative equity [Re: Brian Spagnola] #15076976 05/19/24 12:10 AM
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Originally Posted by Brian Spagnola
I've officially seen the most negative equity in my lifetime being in the car business. I didn't even really appraise it because there was nothing we could do and the guy got all huffy puffy about it. His 22 F-150 was worth about 40k. He owed 81,500 and wanted to trade into a diesel and keep his payments about the same.

Life at a car dealership.....

Talk about all hat and no cattle…..😆

Re: Negative equity [Re: Douglas J] #15076980 05/19/24 12:11 AM
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Originally Posted by Douglas J
How poorly do some people handle money?

How do you get $41K upside down in a vehicle? I bought a new truck in 1989 and paid cash and got a new truck every 18-24 months until 2011 or so. Only ever had a car note once, it's because I also bought a couple year old Vette the same day. It was a trade in and was a deal and couldn't leave without it, lol.


Still how does that happen? noidea

Because most all adults have never told themselves no to anything.

Re: Negative equity [Re: Douglas J] #15076992 05/19/24 12:31 AM
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Originally Posted by Douglas J
How poorly do some people handle money?

How do you get $41K upside down in a vehicle? I bought a new truck in 1989 and paid cash and got a new truck every 18-24 months until 2011 or so. Only ever had a car note once, it's because I also bought a couple year old Vette the same day. It was a trade in and was a deal and couldn't leave without it, lol.


Still how does that happen? noidea

Poor impulse control and financial sense. These are the people Dave Ramsey ends up hearing from.

Re: Negative equity [Re: Douglas J] #15077009 05/19/24 12:41 AM
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Originally Posted by Douglas J
How poorly do some people handle money?

How do you get $41K upside down in a vehicle? I bought a new truck in 1989 and paid cash and got a new truck every 18-24 months until 2011 or so. Only ever had a car note once, it's because I also bought a couple year old Vette the same day. It was a trade in and was a deal and couldn't leave without it, lol.


Still how does that happen? noidea


Well, in the 'classic' days of car sales, you paid a significant down payment - say 10-20% and financed the rest. Because the second you drive it off the lot, the vehicle depreciates a fair chunk. Since 9/11, car dealers have moved almost entirely to 0% down, which means that most buyers are upside down for the first 2-3 years of the note (or even longer). Combine that with the insane policies of lending more than MSRP, and having car loans that are now 7-8+ years, and it's easy for someone to get that far u[side down.

Parenthetically, if you were paying cash and trading in every 18-24 months, it means that you gave up alot of equity in your vehicles over those years.


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