Search found 211 matches

by sman09
Wed Oct 10, 2018 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 108
Views: 7510

Re: What did you buy today

Why does a 3% drop constitute an opportunity? Ten percent, I get it, but a 3% drop? What is your definition of "opportunity"? 10% drop ... cannot rule out the chance of one such drop. However, it appears the largest single day correction to date has been 7.87%. Source: https://en.wikipedia.org/wiki...
by sman09
Sun Oct 07, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 8970

Re: My biggest mistake - market timing

VBMFX is essentially high rated US bonds of all types (short, intermediate, long term - US government and corporate). It avoids high risk/high return bonds (junk bonds). VBMFX is a good fund in my opinion to use for bonds in your investments. You could back test all sorts of scenarios on Portfoliov...
by sman09
Sat Oct 06, 2018 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 8970

Re: My biggest mistake - market timing

I can't find the Boglehead thread I got this from but I saved the main link. Check this out. It is 3 portfolios over ~30 years. The first is 100% stocks. The second is 80% stocks and 20% bonds. The third is 60% stocks and 40% bonds. Look at the portfolio returns at the bottom. https://www.portfolio...
by sman09
Tue Oct 02, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 8970

Re: My biggest mistake - market timing

tampaite wrote:
Tue Oct 02, 2018 10:32 pm

Well, if market had tanked 40% in 2017 or after your withdrawal, wouldn't you be glad?

No one has Crystal ball so you did what's best for you under those circumstance.

Well said - your post offers an excellent perspective for all of us!
by sman09
Sun Sep 09, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: car purchase feedback experience
Replies: 20
Views: 1236

Re: car purchase feedback experience

I love the audacity of the salesperson guilt tripping you in saying he or she will not get their bonus now for ripping you off. Your options 1. Ignore (which I would do) or 2. Tell them to pound sand. Either way I would put this in the rear view fast and if it comes back into your head, remember th...
by sman09
Sun Sep 09, 2018 12:55 am
Forum: Personal Consumer Issues
Topic: car purchase feedback experience
Replies: 20
Views: 1236

Re: car purchase feedback experience

Seems that the salesperson/dealership follow-up just confirmed the negative reaction to their tactics that you expressed in your responses to the survey. I would ignore all further communications from the salesman/dealership. What does the salesperson/dealership expect — that you will recant your c...
by sman09
Sun Sep 09, 2018 12:04 am
Forum: Personal Consumer Issues
Topic: car purchase feedback experience
Replies: 20
Views: 1236

car purchase feedback experience

A few days after buying a car at a dealership got a mail from the manager of the store asking for my feedback. I wanted to share my not so great experience and unethical behavior on the part of the dealership staff. I realized it is going directly to the manager at the dealership which means it coul...
by sman09
Tue Sep 04, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buying car - help with closing the deal
Replies: 22
Views: 2497

Re: Buying car - help with closing the deal

Avoid a former rental like the plague. Instead look at a 2018 that is still on the lot now that 2019s are. You should be able to get $3,000 below MSRP no problem. Well worth spending a few grand more to avoid inheriting someone else’s issues. People abuse the crap out of rentals. You may not see an...
by sman09
Tue Sep 04, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buying car - help with closing the deal
Replies: 22
Views: 2497

Re: Buying car - help with closing the deal

This is a bit OT, but I am also in the market for a used car roughly the same age, and the price seems a bit steep. I know it's a Toyota and the demand is high, but if a new one can be purchased for ~$4k more, wouldn't it make sense to go for that instead? @DiMAn0684: excellent point. although i di...
by sman09
Tue Sep 04, 2018 7:11 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

I don't go into the car dealership anymore without email haggling. I get multiple quotes and I would start emailing the next lowest one and thanking them for the quote, but someone else provided the lost OTD price. Most instances they comeback saying can you forward the quote to them, once I do, th...
by sman09
Sun Sep 02, 2018 11:15 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

A demo car is just that, the car is still “new” but used as a demonstrator. It may be used for extensive test drives. Or a dealer owners family member can use the car for a few months. Because it isn’t titled during this time, it is still “new” legally when sold, even with lots of miles. Check with...
by sman09
Sun Sep 02, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

As regards the financing part: I had a pre-approved loan at 2.5% from Bank of America before i walked in to the store - despite my repeated request and reminders to fax the purchase document to my bank from whom i had an approved loan (@2.5%) and finance guy did not and made me go with a loan at 2....
by sman09
Sun Sep 02, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Congratulations on getting a great deal on the car. I suspect that if they had been straightforward with you about the car having 1000 miles on it you would have jumped on it at that price. It sounds like a lot of the frustration is with the dealer, not the car. As I recall the various warranties, ...
by sman09
Sun Sep 02, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

As regards the financing part: I had a pre-approved loan at 2.5% from Bank of America before i walked in to the store - despite my repeated request and reminders to fax the purchase document to my bank from whom i had an approved loan (@2.5%) and finance guy did not and made me go with a loan at 2.7...
by sman09
Sun Sep 02, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Congratulations on getting a great deal on the car. I suspect that if they had been straightforward with you about the car having 1000 miles on it you would have jumped on it at that price. It sounds like a lot of the frustration is with the dealer, not the car. As I recall the various warranties, ...
by sman09
Sun Sep 02, 2018 8:59 am
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

I would just buy the car from the dealer in neighboring state which doesn’t have 1,000+ miles at the same 17,400 price. Those miles are the break in period for the engine, and a critical time to drive per manufacturer recommendations to ensure long engine life. Typically this means avoid the same p...
by sman09
Sat Sep 01, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

After all the back and forth with dealers by mail, i told the dealer #2 that i had an offer for $17,400 from the dealer in the neighboring state and told them that i would be happy to do the deal with them if they would match it. Once we reached an agreement that the price would be matched, i set o...
by sman09
Sat Sep 01, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

I didn't look at Watty's write up, although I'm sure it's similar to what I do. My very last step is: Take the lowest price....knock $100 off it. Bring it to the closest dealer and tell them that if they can match that price, you'll bring them a deposit right now. If they come back with something c...
by sman09
Sat Sep 01, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

CFM300 wrote:
Thu Aug 30, 2018 8:11 pm
It's maddening, but be prepared for it.
it's maddening for sure! i got headache from being at the dealership and going through all paperwork, all the while worried if i was being taken for a ride while asked to sign in several places with little time/energy to read what is stated there
by sman09
Sat Sep 01, 2018 11:01 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

After all the back and forth with dealers by mail, i told the dealer #2 that i had an offer for $17,400 from the dealer in the neighboring state and told them that i would be happy to do the deal with them if they would match it. Once we reached an agreement that the price would be matched, i set ou...
by sman09
Sat Sep 01, 2018 9:34 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Just a thought Sept 30 is on a Sunday. A perfect day to grind the dealer down...End of month, quarter, and a Sunday. On Saturday mornings when I sold cars, the sales manager would tell us the "spiffs" for the weekend...Usually it's get a cash bonus for selling 3 or 4 cars during Sat and Sunday. Wit...
by sman09
Sat Sep 01, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Thank you everyone for all the help. Without such a great forum and support that people share so generously, i could not have mustered the confidence to go ahead and close the deal. :happy I finally closed the deal last night on the 2018 corolla for $17,100. Just about a week ago, i was willing to p...
by sman09
Fri Aug 31, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

looks like i will have to pay for licensing separately How much is that and what would the total out the door price be? In my state that would be well over a thousand dollars. i called the DMV and was told the licensing (title) would be about $280 The dealer has already included the sale tax in the...
by sman09
Fri Aug 31, 2018 2:10 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

I would go with dealer 2 or 3, whichever car you like better and call it good. Those look like good prices and they're not too far away. But, that's how I do my car buying... give me a car I want and like a decent price and I'm happy. I don't care about absolute best deal ever, bottom dollar, somet...
by sman09
Fri Aug 31, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

looks like i will have to pay for licensing separately How much is that and what would the total out the door price be? In my state that would be well over a thousand dollars. i called the DMV and was told the licensing (title) would be about $280 The dealer has already included the sale tax in the...
by sman09
Fri Aug 31, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Also, given the range at which dealers are quoting would be too low-balling to ask for $17,500? (I am not sure how the dealer out of state is able to offer a 2019 model for that price with transport included) That does seem almost too good for a 2019 so I would be suspicious too. I don't think that...
by sman09
Fri Aug 31, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

I'm curious about this statement as things tend to get muddled in meaning via email/text., "'We will do $17,500 including delivery if you can complete part of the transaction like finance or cash by the end of 8/31/18. After that day we will not be able to honor the deal.' Looking at your other pos...
by sman09
Fri Aug 31, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

I'm curious about this statement as things tend to get muddled in meaning via email/text., "'We will do $17,500 including delivery if you can complete part of the transaction like finance or cash by the end of 8/31/18. After that day we will not be able to honor the deal.' Looking at your other pos...
by sman09
Fri Aug 31, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

As i mentioned above, the out of state dealer would not be the first choice - but in case things don't work out well with dealers in town, i could go with them. Just so that things don't become last minute and stressful, i am thinking of asking them to make available a written statement/invoice - wh...
by sman09
Fri Aug 31, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Since going with the dealer about 2000 miles away, involves a bit of uncertainty/risk, i am going to keep that as my last option. Meanwhile, will reach out to dealers in my area again after waiting for any further inputs from BHs on how to proceed My thought was - go to the nearest dealer (#1) with ...
by sman09
Fri Aug 31, 2018 11:35 am
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

We bought our first car in 2003 via email because we were moving from NYC where we hadn't had one. It was also a Corolla! Best car we ever had, we only recently sold it. Thanks Isabelle77! Nice to hear that the Corolla purchase by email went well for you and that the car lasted so long. Excellent!
by sman09
Fri Aug 31, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

My standard mail to all the dealers in getting the price has been: "Hi I am ready to buy the Corolla 2018 LE. At this time, i am merely shopping for the best rates. If you will let me know your best OTD price, we can discuss." I avoided talking to any dealer via phone. If a dealer came in with a ver...
by sman09
Fri Aug 31, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

With dealer #5, the out of state, make sure you understand whether their OTD quote includes YOUR state's vehicle use/excise/sales tax. Depending on the pair of states, they may not be required to collect it, and you'll pay it when you register it in your state. Their offer seems a bit low if it inc...
by sman09
Fri Aug 31, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Soliciting prices by the Internet or via phone will never get the best price, at least in my experience. Your most powerful position is to go to a dealer and make clear that you are ready to buy today, but only after doing all of your model and price research, which you have done. With all the info...
by sman09
Thu Aug 30, 2018 11:26 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Would i be better off pitching this price to my local dealers and asking them to match/beat it? Have you contacted all the dealers within a 2 hour drive already? If not I would wait until you have tried all the local dealers before trying to deal the others down. You want to be at the point where y...
by sman09
Thu Aug 30, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Subsequently invited quotes from dealers widely including out of state using Truecar, Edmunds,and carsdirect. Using those services was not ideal since they will charge the dealer a fee and increase the price and the dealers that use those services may just be that competitive. If you Google "toyota...
by sman09
Thu Aug 30, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

Is dealer 5 in normal good deal range? Or too good to be true and some.res flags to look for...? I would need inputs of forum members with insights on how the pricing works I see that the invoice is well above Originally the same price was quoted for the car alone by evening got a text with this of...
by sman09
Thu Aug 30, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

We bought our Lexus SUV after going through an email process with several dealers over two days. When we decided on the dealer I confirmed the purchase in an email to the dealership and trusted they would have the SUV when I got there the next day at the agreed-upon time. I got on a plane the next ...
by sman09
Thu Aug 30, 2018 8:40 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

You are not really buying a car online. You are communicating by email. There is nothing wrong with that. If the car sells fast, I would definitely pick a dealer's price and ask them what you can do to reserve it before you drive to the dealership. Email is fine, but if you don’t reserve it, they w...
by sman09
Thu Aug 30, 2018 8:22 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

You are not really buying a car online. You are communicating by email. There is nothing wrong with that. If the car sells fast, I would definitely pick a dealer's price and ask them what you can do to reserve it before you drive to the dealership. Email is fine, but if you don’t reserve it, they w...
by sman09
Thu Aug 30, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Re: Buying car online?

The only advice I have is that once you decide where you're going to buy the car based on their quote that you make sure the dealer understands that you're going to arrive with a check already made out for the exact amount agreed upon and that if the price goes up for any reason, there will be no d...
by sman09
Thu Aug 30, 2018 8:04 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3750

Buying car online?

I plan on buying a new (2018) Corolla LE as the 2019 model has arrived. To this end, I followed the strategy suggested by @watty here: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=239526 The story so far: Similar to the strategy recommended by @watty, did a test drive of 2018 and 2019 corol...
by sman09
Tue Aug 28, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: My new car buying experience.
Replies: 46
Views: 9410

Re: My new car buying experience.

Excellent post! Thanks a lot for documenting in fine detail the steps you took. Thanks to all the knowledge shared by generous individuals like OP here, i took a similar approach Went for a test drive of 2018 Elantra - was quoted an OTD price of $16,600 (with a mandatory loan at 6%+ (to avail a $15...
by sman09
Sun Aug 26, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Used/New car - Help decide please
Replies: 46
Views: 2296

Re: Used/New car - Help decide please

Personally I would stick with your budget and look a little older. Cars lay a long time now a days. Try a used lexus es with lower mileage. Craigslist is your friend, just get a pre purchase inspection before finalizing a deal! Considering Lexus is a luxury version, are they reliable and not as exp...
by sman09
Sun Aug 26, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Selling old car - expired registration
Replies: 31
Views: 1848

Re: Selling old car - expired registration

Just a quick look at cars.com shows that your Camry is worth in the range of $3000 without the CEL and oil leak. It doesn’t make sense to sell it for $500 unless it’s going to cost you more than $2500 to fix it. Just be careful you aren’t giving it away because someone will happily buy it from you,...
by sman09
Fri Aug 24, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Used/New car - Help decide please
Replies: 46
Views: 2296

Re: Used/New car - Help decide please

Many Lexus models are just a fancy version of a similar Toyota so be sure to compare the price to what a similar Toyota would be. There was a thread not too long ago that mentioned there were good deals on used Toyota Avalons since there was was a lot less demand for them than Camrys so you might w...
by sman09
Fri Aug 24, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Selling old car - expired registration
Replies: 31
Views: 1848

Re: Selling old car - expired registration

OP, you sound surprised/disappointed that your old car is no longer reliable. Regardless of origin, your car is 17 years old, and has a lot of miles -- it has done well (even with money put in for repairs -- certainly that's expected given the age and mileage). Now you need to move on. Do not spend...
by sman09
Fri Aug 24, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Selling old car - expired registration
Replies: 31
Views: 1848

Re: Selling old car - expired registration

i really wish someone in need drives it - i checked with a charity and they said they would sell it for parts So what if they sell it for parts. Don't let emotional attachment get in the way here. It's an old car, simple as that. Thank you @chevca for the suggestion - as @researcher mentioned i hav...
by sman09
Fri Aug 24, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Selling old car - expired registration
Replies: 31
Views: 1848

Re: Selling old car - expired registration

It's a 02 Camry with leather seats - changed brand new battery early this year - and regular good service been having oil leak though even if i have to fix it before selling it, how do i drive it to the mechanic given the registration has expired for more than a month now? i really wish someone in n...
by sman09
Fri Aug 24, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Selling old car - expired registration
Replies: 31
Views: 1848

Selling old car - expired registration

Along with buying a used car, i'm at this time also looking at the best way to dispose my old car. A 2001 model 200,000 miles with check engine light on - it would not pass the emissions test for registration renewal unless i spend a few 100 $. ALready have spent quite a bit on the car, despite bein...