Living within your means...seriously.
 

So i went by my dealership today to straighten out some details on the extra GAP coverage that i didn't need, and while i'm waiting to get into the financing office, my dealer shoots the breeze with me.

When i first bought my 8, it was between my 05 VR 8, and an 05 black 8 with almost 400 miles on the tick. Since I didn't buy the black one, i'd been keeping my eye on it for almost 3 months to see how long it took to disappear. Finally one day it went.

So I ask my dealer what happened to it, and he told me a story I almost couldn't believe...I mean, absurd.

So a FAMILY comes into the dealership, 5 people total. They say that they want an 8 and will do anything to make it their FAMILY car. Ends up that they traded in an early 90's mini-van, 2 beat-to-crap early 80s RX-7s, and a rusted-through 85 dodge ram.

Yes that's right, 4 vehicles...and got about $4K for them all. Come to find out they live in a trailer, had been bankrupt twice, and bought an 8 as their ONLY car for a family of 5. :icon_no2: He claimed that when they drove off the lot with all five of them in the 8, one of them was sitting right in the middle of the console...because obviously there isn't anywhere else to sit a 5th.

Seriously, what is wrong with people?

Don't get me wrong, cause i love the 8 just as much as the next enthuisiest...but what kind of insane analogy has a family of 5 purchasing a 4-seater sports coupe as their ONLY car. They can't even take the whole family along for crying out loud. I asked the dealer if he'd even mentioned the CX-7 to them...and of course he's suggested it, and although it would have cost almost $2-3K less then the 8, they shrugged it off as if it were a joke.

Am I wrong to think that this would be one of the worse moves someone could make in that position? Not trying to be judgemental or anything, but what ever happened to living within your means? :banghead:

And we wonder why extreme creditcard debit is so widespread now days...

Forget them living without their means, what about the moral culpability of the salesman who sold them the car? If this porves anything, it is that salesman really don't give a sh!t and will do anything to shift a car off the lot, even if it means screwing over a family who clearly can't afford it!

I actually asked him the same thing...and he said that they were SET when they came in to buying one.

He even told me that he used to really feel bad about something like that, but after being experienced, has went to learn that if they don't buy it there, they'll buy it elsewhere.

It's a sad truth, but it IS the truth. When you've truely got your mind set on something, another person's hearsay is just wasting your time.

That's unbelievable. I'd almost suggest them to be excellent candidates for the Darwin Awards. The thought of what could happen with five people in an 8 only conjures up graphic and disturbing images. :sweatdrop

Insane.....

some people seriously need to get beat to submission..

barring born physical disabilities, people usually end up where they are because of what they do

some people never catch a break though. downright idiots can make 6 figures being in the right place at the right time.. while very bright and hard working people can end up in dead end, near minimum wage jobs.

I read somewhere that for the first time in US history, we spent more money than we made last year. :Freak_ani

I agree with the first part of your statement. See Kevin Federline and Paris Hilton. :uhh:

But usually people who are intelligent and hard-working are rewarded for that because they earn more responsibility and better-paying jobs.

All Paris Hilton did was come out of her mom's vagina. :hahano:

agreed, and note that you need BOTH to be able to move ahead in life, at least that's what i've experienced/seen thus far

Those idiots have S#@t for brains. They are unconscious and their own worst enemy. :mad:

Joe public from my experience isn't too bright. What would have been wrong with a Mazda 3 or Mazda 6? Lesser cost to own and can actually seat 5, well at least better than a RX-8.

I was talking with the finance guy when I got my 8 on Saturday and he was really surpised I had so much equity in my trade in after only 3 years (6 year loan, man I miss those 4% interest rates). Typically he says most people come in ouwing a bunch more than it's worth and end up financing 140% of the cost of the new car. I'm not the most pratical or frugal but thats just plain stupid.

I can't believe I'm defending a car salesman, but...

That's not up to him. If a customer wants to buy a product he sells, and they have sufficient financial means to take the product off his hands, it's not morally wrong for him to sell it to them. If you think the salesperson has moral culpability when it comes to selling his/her product... What do you think about the waiter who serves a double cheeseburger and a double order of onion rings to a 500lb customer?

Personal responsibility, my friends.

Well if the story about the family coming in for an RX8 is true, thats just the perfect picture of whats wrong with this fucking country. "I want it and I'll sign anything you put in front of me to do get it even though its not what I *NEED*"

People for the large part dont understand the difference between "need' and "want" in this country. I want a LOT of things, and if I was impulsive/stupid I could go out today and fritter away about $30,000 in combined savings money and credit card "money". I usually buy myself a little something each week maybe a pizza, or some starbucks as a treat, anything else thats car related or computer/toy related I actually take a 2nd look and see 1) do I have to have this right this very week and 2) if its something I don't need can I afford it.

I realize there are legitimate cases of debt, (just got out of school, or lost your job, medical bills etc etc) but if you are buying shit like this family did thats neither useful/practical/needed.

My solution: Colonial style debtor's prison, you can't pay your bills? we take it out on your ass. Institute that and this country would be out of debt very very fast. Maybe then we wouldnt see stupid shit like $5,000 rims on a $500 car, or a bankrupt family of 5 living in a trailer park buying a $30,000 sports car. It's not hard to manage your money in fact its freaking easy!

This country is goinig downhill fast people.

Were you able to get rid of your gap coverage charge?

Well said.

Man, some salespersons have great imaginations! He was entertaining you.

haha thats what i was thinking. remember, salesmen bullshit for a living.

I'm impressed anyone even caught that part of the story...

But yes, in others interest, I was able to cancel it and get a pro-ragted refund. If I hadn't had my head so far up my #$%, i'd have got the full amount back if it were within the intial 60 days.

Now, I'll be getting a pro-rated amount back, which will be firgured by the sum of 78s (can you say grab your ankles?).

The only downside to it, besides the aforementioned intrest deductions, would be that the money goes directly into the loan, not a check. Although it'll make the loan drop slightly quicker, i'd imagined they'd issue a check. No biggie though.

But yea, I found out that it's like $50 a YEAR through my insurance company for gap coverage. Vs. the $600 through Mazda.

Heed the warning if your contemplating it.

My GAP coverage cost me $100 (total cost, one time payment) through the bank that financed my RX-8.

It's a credit union, if that matters.

Stupid is as Stupid Does if that story is true.


Hmm.. been hearing alot about Gap insurance.. might have to see how much my insurance company charges for it and if they do offer it. I know for a fact I turned it down on Mazda's end. F'ing dealership screwed me enough but I was smart to avoid that since the guy just sounded very shady describing it to me.

To me, that's about what this figured out to be, considering how gap coverage is only good for the amount of time that your loan is of more value then the car. I wouldn't expect this stage to last more then 2 years tops, putting me right at about $100

:)

truer words were never spoken.

"Wow, nice boat - that house must be worth a million, and is that a pool I see? How do you afford all that?"

"Easy! Massive crippling debt!" :Freak_ani


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