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KCALB SIRAY · 08-07-2009, 05:17 PM

Soooo, Joe Blow gets what he thinks is a great credit for a 1985 Escort, then they hand him the keys to a brand spanking new Focus. Sounds like a good deal to you and me, right? Joe drives home, singing, "I'm on, top of the world and lookin', down at creation..." and you get the picture, he's as the the other song suggests, "Happy as a Lark".

So Joe gets home to his apartment, get's ready to go to work. It's Saturday afternoon, and he has to be at the Mall for his shift at the Gap. Joe makes about $10.50 an hour as a supervisor. So Joe goes to work shows off his new ride and loves every minute of it.

A few weeks go by and rent is due. Not sure, but depending on area, a one bedroom around here is about $900 up to $1200 or so, give or take a few. Joe likes his lifestyle, so a shabby apartment is out of the question, and his lifestyle is just as nice, late nights out with the gap crew, parties etc. Joe pays his rent on time and time goes by.

Month end rolls around and Joe pays his car note. Car note is around $250 based on Joe's % they gave him at the dealer.

Ok, to save time in this story, we all know where this is heading. Joe is living well beyond his means just by buying into this idea of getting a new car based on his old car is worth more than it actually is. Joe had a car that ran well because his Dad taught him how to take care of it at an early age. Soon Joe begins to fall behind on payments because Joe's Dad might have taught him how to take care of his care and have his oil changed, but they failed to teach him the value of a dollar. So Joe blows his dough on partying all the time. Now Joe is about to loose his car, might loose his job soon due to retail sales going up and down, up and down. All in all, your looking at about another 2 billion going down the drain when all is said and done due to people not being able to pay for these cars. Yeah they get there car back, but won't be able to sell them. Has anyone taken this in to account when this idea was thought up? Answer is, YES!! We've seen it already, they take it from our children, and their children and so on. Higher taxes? Yep, there coming!!

"LET THE GAMES BEGIN!!"

08-07-2009, 05:17 PM	#21
KCALB SIRAY それを吸ってください View User's Garage Drives: black sand lb Join Date: Oct 2008 Location: Virginia Posts: 8,894	Soooo, Joe Blow gets what he thinks is a great credit for a 1985 Escort, then they hand him the keys to a brand spanking new Focus. Sounds like a good deal to you and me, right? Joe drives home, singing, "I'm on, top of the world and lookin', down at creation..." and you get the picture, he's as the the other song suggests, "Happy as a Lark". So Joe gets home to his apartment, get's ready to go to work. It's Saturday afternoon, and he has to be at the Mall for his shift at the Gap. Joe makes about $10.50 an hour as a supervisor. So Joe goes to work shows off his new ride and loves every minute of it. A few weeks go by and rent is due. Not sure, but depending on area, a one bedroom around here is about $900 up to $1200 or so, give or take a few. Joe likes his lifestyle, so a shabby apartment is out of the question, and his lifestyle is just as nice, late nights out with the gap crew, parties etc. Joe pays his rent on time and time goes by. Month end rolls around and Joe pays his car note. Car note is around $250 based on Joe's % they gave him at the dealer. Ok, to save time in this story, we all know where this is heading. Joe is living well beyond his means just by buying into this idea of getting a new car based on his old car is worth more than it actually is. Joe had a car that ran well because his Dad taught him how to take care of it at an early age. Soon Joe begins to fall behind on payments because Joe's Dad might have taught him how to take care of his care and have his oil changed, but they failed to teach him the value of a dollar. So Joe blows his dough on partying all the time. Now Joe is about to loose his car, might loose his job soon due to retail sales going up and down, up and down. All in all, your looking at about another 2 billion going down the drain when all is said and done due to people not being able to pay for these cars. Yeah they get there car back, but won't be able to sell them. Has anyone taken this in to account when this idea was thought up? Answer is, YES!! We've seen it already, they take it from our children, and their children and so on. Higher taxes? Yep, there coming!! "LET THE GAMES BEGIN!!" __________________ http://lifesdailypimpslap.tumblr.com/#me My Build