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earlyretirement
ParticipantMy wife was deciding between an A4 and a BMW 328i. She loved both but it just came down to the Audi not being in stock with the one she wanted and it would have taken 3 or 4 months to order it.
Meanwhile the BMW they found one across the country like she wanted and transporting it here. I was amazed at how motivated the BMW dealerships are. Edmunds.com is the BEST way to buy a car as you have dealerships fighting after your business. We were getting $500 above dealer’s cost, then $250 over then $100 over and then even found a dealer that would give it to us at dealer’s cost which I’ve never before in all my years buying cars have seen.
We were all set to pay cash for the car but then they offered 1.9% financing if we financed it with BMW financing and then to boot, if we did, they rebated another $750 to go through them. So the financing costs very little as we put down a big down payment.
Plus they said we can have free weekly car washes for 2 years…… amazing how competitive they are right now.
Meanwhile, I went to the internet manager at Audi where I recently bought a Q7 to see if he can match BMW’s deal and offer the car AT COST and also got him to agree to it.
So car buying these days is definitely much easier using online sources like Edmunds. Love it..
ParticipantMy wife was deciding between an A4 and a BMW 328i. She loved both but it just came down to the Audi not being in stock with the one she wanted and it would have taken 3 or 4 months to order it.
Meanwhile the BMW they found one across the country like she wanted and transporting it here. I was amazed at how motivated the BMW dealerships are. Edmunds.com is the BEST way to buy a car as you have dealerships fighting after your business. We were getting $500 above dealer’s cost, then $250 over then $100 over and then even found a dealer that would give it to us at dealer’s cost which I’ve never before in all my years buying cars have seen.
We were all set to pay cash for the car but then they offered 1.9% financing if we financed it with BMW financing and then to boot, if we did, they rebated another $750 to go through them. So the financing costs very little as we put down a big down payment.
Plus they said we can have free weekly car washes for 2 years…… amazing how competitive they are right now.
Meanwhile, I went to the internet manager at Audi where I recently bought a Q7 to see if he can match BMW’s deal and offer the car AT COST and also got him to agree to it.
So car buying these days is definitely much easier using online sources like Edmunds. Love it..
ParticipantMy wife was deciding between an A4 and a BMW 328i. She loved both but it just came down to the Audi not being in stock with the one she wanted and it would have taken 3 or 4 months to order it.
Meanwhile the BMW they found one across the country like she wanted and transporting it here. I was amazed at how motivated the BMW dealerships are. Edmunds.com is the BEST way to buy a car as you have dealerships fighting after your business. We were getting $500 above dealer’s cost, then $250 over then $100 over and then even found a dealer that would give it to us at dealer’s cost which I’ve never before in all my years buying cars have seen.
We were all set to pay cash for the car but then they offered 1.9% financing if we financed it with BMW financing and then to boot, if we did, they rebated another $750 to go through them. So the financing costs very little as we put down a big down payment.
Plus they said we can have free weekly car washes for 2 years…… amazing how competitive they are right now.
Meanwhile, I went to the internet manager at Audi where I recently bought a Q7 to see if he can match BMW’s deal and offer the car AT COST and also got him to agree to it.
So car buying these days is definitely much easier using online sources like Edmunds. Love it..
ParticipantMy wife was deciding between an A4 and a BMW 328i. She loved both but it just came down to the Audi not being in stock with the one she wanted and it would have taken 3 or 4 months to order it.
Meanwhile the BMW they found one across the country like she wanted and transporting it here. I was amazed at how motivated the BMW dealerships are. Edmunds.com is the BEST way to buy a car as you have dealerships fighting after your business. We were getting $500 above dealer’s cost, then $250 over then $100 over and then even found a dealer that would give it to us at dealer’s cost which I’ve never before in all my years buying cars have seen.
We were all set to pay cash for the car but then they offered 1.9% financing if we financed it with BMW financing and then to boot, if we did, they rebated another $750 to go through them. So the financing costs very little as we put down a big down payment.
Plus they said we can have free weekly car washes for 2 years…… amazing how competitive they are right now.
Meanwhile, I went to the internet manager at Audi where I recently bought a Q7 to see if he can match BMW’s deal and offer the car AT COST and also got him to agree to it.
So car buying these days is definitely much easier using online sources like Edmunds. Love it..
ParticipantYeah, i’m surprised how strong the rental market is here….. I closed on my home a few months ago and happily did a leaseback for a few months. The former owners are paying $6,000 a month which I thought was GREAT.
ParticipantYeah, i’m surprised how strong the rental market is here….. I closed on my home a few months ago and happily did a leaseback for a few months. The former owners are paying $6,000 a month which I thought was GREAT.
ParticipantYeah, i’m surprised how strong the rental market is here….. I closed on my home a few months ago and happily did a leaseback for a few months. The former owners are paying $6,000 a month which I thought was GREAT.
ParticipantYeah, i’m surprised how strong the rental market is here….. I closed on my home a few months ago and happily did a leaseback for a few months. The former owners are paying $6,000 a month which I thought was GREAT.
ParticipantYeah, i’m surprised how strong the rental market is here….. I closed on my home a few months ago and happily did a leaseback for a few months. The former owners are paying $6,000 a month which I thought was GREAT.
Participant[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]
Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.
I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.
However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.
So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.
If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.
Participant[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]
Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.
I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.
However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.
So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.
If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.
Participant[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]
Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.
I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.
However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.
So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.
If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.
Participant[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]
Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.
I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.
However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.
So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.
If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.
Participant[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]
Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.
I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.
However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.
So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.
If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.
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