That's where I work. This is what hit the news tonight. Have a plant meeting in the morning. Hope it goes well. My wife and I are getting a car in a day or two as long as the bank OKs it.
After seeing this I now wonder if it would be safe to get a car (we need a 2nd vehicle, my truck is the only one) or if the bank, knowing I work there, would approve??
FYI: 2004 Chrysler Sebring sedan. Leather interior, sunroof, only options it doesn't have are the V6 and the premium sound. premium sound??? It's coming out anyways, and 52,000 miles on it. It's in mint condition. Not even so much as a scratch on the outside. Single owner and very well maintained. $6875 w/a $500 down payment = @ $185.00/mo.
"ZPA's will have the same sound essentially as you get from the MS, they just feature a bigger shinier set of balls."
As for the car .. my wife drives a 2000 version. Had it since new and haven't had to spend a single penny on it aside from oil changes and gas. (knock on wood) Oh and a new set of tires 3 yrs ago. It's about to turn 110K.
The banks putting ridiculous demands on the way they'll loan us money. We can only borrow 80% of what the cars TRADE-IN value is according to nada.com
Just found the perfect car, an 01 Pontiac Bonn SSEi, 88000 miles, $4500..... 80% of the nada trade-in value is $4800 and we have $500 to put down on top of that.
And the wife doesn't like the body style of the car. Go figure!
As for work..... the news, like usual, blew things out of proportion. In our meeting that it is a last resort to sell. We did take a 5% base pay cut. About a $.75 pay cut for me.
Oh well, what can I do?
"ZPA's will have the same sound essentially as you get from the MS, they just feature a bigger shinier set of balls."
smgreen20 wrote:The banks putting ridiculous demands on the way they'll loan us money. We can only borrow 80% of what the cars TRADE-IN value is according to nada.com
Just found the perfect car, an 01 Pontiac Bonn SSEi, 88000 miles, $4500..... 80% of the nada trade-in value is $4800 and we have $500 to put down on top of that.
Dang, if loan value is $4800 and asking price is $4500 I wold be a little wary. Loan value is ALWAYS supposed to be lower than the asking price so the buyer would need a down payment and the bank has equity.