Search found 672 matches

by JoeJohnson
Sun Jun 16, 2024 9:40 am
Forum: Personal Consumer Issues
Topic: Best way to replace windshield with OEM glass?
Replies: 29
Views: 2041

Re: Best way to replace windshield with OEM glass?

ClevrChico wrote: Sat Jun 15, 2024 2:48 pm Safelite is the "premium choice" here. A standard windshield from them is around $400. I'm not sure how much technology adds.

There is a non fancy auto glass shop that will do a basic windshield for $100.
When was the last time you replaced an OEM windshield? 5-10 years ago?
by JoeJohnson
Sat Jun 01, 2024 9:22 am
Forum: Personal Finance (Not Investing)
Topic: What is your opinion of Marcus
Replies: 31
Views: 7213

Re: What is your opinion of Marcus

Feldman wrote: Sat Jun 01, 2024 8:56 am Overall, I have been satisfied with Marcus, but they have really been spamming my email. I've received about 10 notifications that they have updated their Deposit Account Agreement (on the topic of wire transfers) within a rolling 48 hour period. Clearly some sort of bug with the batch emails. Anyone else?

Importantly, while mildly annoying, I think it helps demonstrate that tech issues can and do happen anywhere, and since my overall satisfaction remains, I will not be leaving (yet).
Yes repeated emails happening to wife and me
by JoeJohnson
Mon May 27, 2024 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is it ever worth paying more to have an HSA?
Replies: 37
Views: 2696

Re: Is it ever worth paying more to have an HSA?

furwut wrote: Mon May 27, 2024 5:54 pm Assuming the insurer has designed each plan to actuarially cost them the same the HDHP with HSA may work out better because the government puts their thumb on the scale in the form of a tax break.
That is not a safe assumption
by JoeJohnson
Sun May 26, 2024 11:09 am
Forum: Personal Consumer Issues
Topic: Hot water heater seeping water
Replies: 43
Views: 4003

Re: Hot water heater seeping water

We have an HTP SSU-45 indirect gas water heater, installed in 2013. We are the original owners. It carries a lifetime warranty . Recently we have observed some water on the ground under the heater. It appears as though the bottom "seam" has some water seeping through.. there's a ring of rust around that bottom seem as well as the connections. The top of the water heater is perfect. Now comes some issues. My usual plumber was a no show yesterday, and did not respond to my 2 follow up phone calls. So I'm moving on from them and today received a quote from another highly rated local plumbing company. The assessment was that the "nipple" adapter could be loose or leaking, causing water to overflow the internal (drip pan, no...
by JoeJohnson
Fri May 24, 2024 6:09 pm
Forum: Personal Consumer Issues
Topic: Hot water heater seeping water
Replies: 43
Views: 4003

Re: Hot water heater seeping water

livesoft wrote: Fri May 24, 2024 5:58 pm Terribly excessive in my opinion. The lifetime of your heater is probably 10 years, so a lifetime warranty has run out. It is not your lifetime, but the lifetime of the tank.

We have 2 water heaters and have had them replaced for about $700 each a few years ago. So even with inflation, I would expect yours to cost less than $1500 unless your heater is up 5 flights of stairs.
An indirect water heater is not the same as a simple gas water heater. Brief Internet research suggests they are expensive.

OP needs to get more quotes /thread
by JoeJohnson
Fri May 24, 2024 12:33 pm
Forum: Personal Consumer Issues
Topic: Die With Zero & Buyer's Remorse
Replies: 63
Views: 6064

Re: Die With Zero & Buyer's Remorse

ScubaHogg wrote: Fri May 24, 2024 12:09 pm
rogue_economist wrote: Fri May 24, 2024 12:06 pm
ScubaHogg wrote: Fri May 24, 2024 11:40 am I didn’t realize Honda Accords were immortal
Not immortal, but long lived. If it was a Toyota Hilux or a Ford Panther that would come closer to immortal.
I’d be willing to wager the all-in out of pocket maintenance costs over the next 5 years will be less with the Lexus than the 11 year old Honda accord

Let’s not overly romanticize old used cars
I'd be willing to wager depreciation won't be the same. Not sure what the point of the apples and oranges are here :sharebeer
by JoeJohnson
Fri May 24, 2024 9:38 am
Forum: Personal Consumer Issues
Topic: Die With Zero & Buyer's Remorse
Replies: 63
Views: 6064

Re: Die With Zero & Buyer's Remorse

There's probably a really good chance the deposit can be refunded.

Without knowing your finances, I'm going to assume you know you can afford it. I personally didn't interpret Die With Zero to be a splurge on vehicles, but alas I think you should proceed and see if it brings you incremental joy. Cars are assets that can always be sold if you made a mistake. It's not a $65k decision. Easy to un-do later (at high 4, low 5 figure cost of course)
by JoeJohnson
Mon May 20, 2024 9:38 am
Forum: Investing - Theory, News & General
Topic: Moving funds from Robinhood to Vanguard
Replies: 16
Views: 1796

Re: Moving funds from Robinhood to Vanguard

Lyrrad wrote: Sun May 19, 2024 11:05 pm I think Robinhood charges a $100 fee for an outgoing ACATS transfer.

While some brokerages reimburse transfer fees, Vanguard does not. I'm not sure what brokerages, if any, would reimburse a $100 fee on a $5000 transfer.
Yes $100 ACATS fee from Robinhood. OP's son may be better off just recognizing capital gains depending on income level and state of residence.
by JoeJohnson
Thu May 16, 2024 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Considering dropping collision coverage on 5 year old vehicles
Replies: 33
Views: 3979

Re: Considering dropping collision coverage on 5 year old vehicles

Also, insurance companies aggregate the probability of loss across their entire customer base. If you have a higher than average probability of a loss (e.g. bad driver, aggressive driver, live in areas with high auto theft, etc.), then maybe the insurance is worth the cost. Insurers don't aggregate probability across their entire customer base. They aggregate across pools of similar risk profiles. Bad drivers, aggressive drivers, on average , would have a history of claims and thus different rates. Theft will be estimated by zip code. p.s. self-insuring a brand-new $40k vehicle is likely penny wise, pound foolish. It does get harder to justify collision/comp with age as the vehicle depreciates. My general experience is collision/comp premi...
by JoeJohnson
Wed May 15, 2024 11:11 am
Forum: Investing - Theory, News & General
Topic: 6 mo CD vs money market etf right now ?
Replies: 19
Views: 2312

Re: 6 mo CD vs money market etf right now ?

Mardoc01 wrote: Wed May 15, 2024 10:59 am
Rocinante Rider wrote: Wed May 15, 2024 10:54 am If it's a large amount that you have no pending need to spend, you might consider holding the cash (whether in MMkt, T-bills, CDs, etc.) in a tax-deferred account.
https://www.bogleheads.org/wiki/Placing ... ed_account
Unfortunately it is in my taxable
Did you read the link and understand the concept of what they are suggesting?
by JoeJohnson
Tue May 14, 2024 2:06 pm
Forum: Investing - Theory, News & General
Topic: 25X 33X 50X 100X ?
Replies: 39
Views: 5481

Re: 25X 33X 50X 100X ?

Why is there always such a big controversy on the SWR as a function of age. Here is my take : 50 -33X 60- 25X Isn't there lot of academic research backing above numbers ? I started this thread that was locked for some reason but some people feel 50X is needed at age 50! https://www.bogleheads.org/forum/viewtopic.php?f=2&t=431696&newpost=7865492&view=unread#unread Some research on these that justify my numbers above : https://earlyretirementnow.com/safe-withdrawal-rate-series/ Many people on here are extremely (and overly) conservative. The 30 year treasury is at 4.6% but they will want people to retire at a 3% SWR. Everyone has to make their own decisions, but a lot of the conservatism here leads to people not enjoying as much ...
by JoeJohnson
Mon May 13, 2024 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Car Ins: What to do?
Replies: 20
Views: 1903

Re: Car Ins: What to do?

lthenderson wrote: Mon May 13, 2024 9:21 am
Jack FFR1846 wrote: Mon May 13, 2024 9:11 am If you can't afford to replace the car if it's totaled, you NEED collision.
+1

This has always been my rule of thumb too.
Yes, but that's not necessarily what OP said. OP didn't want to burn their entire cash stash e-fund to buy a replacement car. They could, of course, take out a loan to buy a replacement car. Also depends on if a person is investing beyond tax deferred accounts. One could easily stop taxable investing to pay down a replacement vehicle. It also matters much the current car is worth and if the current vehicle has a loan or not.
by JoeJohnson
Thu May 09, 2024 12:16 pm
Forum: Personal Consumer Issues
Topic: Lexus Dealer Damaged Car While In For Service
Replies: 31
Views: 3859

Re: Lexus Dealer Damaged Car While In For Service

gdasa wrote: Thu May 09, 2024 11:58 am
PAH wrote: Thu May 09, 2024 7:18 am I am still concerned about possible diminished value if I were to trade it in and the repair was noticed. The car was purchased at this dealership and all the service has been done at this dealership. No damage prior to this. My wife also drives an ES 350, also serviced at this dealership. DW thinks they should give me the tires at no charge. Anyone else been down this path? Thoughts?
You may ask them for a free carfax report instead of free tires. If nothing is reported then just move on! If they report this event on carfax, then you can ask for free tires.
One would have to be certain CARFAX reports are updated instantaneously. There could be a lag between repair and report getting updated in their system.
by JoeJohnson
Thu May 09, 2024 12:13 pm
Forum: Personal Consumer Issues
Topic: Lexus Dealer Damaged Car While In For Service
Replies: 31
Views: 3859

Re: Lexus Dealer Damaged Car While In For Service

stan1 wrote: Thu May 09, 2024 8:10 am When you took the car in for service you almost certainly would have signed something that says you accept risk of leaving the car with them (read the fine print, that is standard practice).
The standard language would not make the consumer accept the risk of something the dealer caused. Sure if it hails on the car while it sits in the parking lot, that is not the fault of the dealer. They damaged the vehicle in this instance. They would owe a solution for what they did, one way or another.
by JoeJohnson
Fri May 03, 2024 3:23 pm
Forum: Personal Consumer Issues
Topic: Advice on Window Replacement
Replies: 58
Views: 4560

Re: Advice on Window Replacement

The whole window replacement industry is a racket. You can go to Menards and configure these 31 windows of yours online or go to Home Depot and have someone quote out these 31 Andersen 400 windows... and see what the material cost is when purchasing vinyl windows or wooden windows. This is isually around 20% of what you´re being quoted and these companies plan on charging you ten-thousands of Dollars for 2-4 man-days of labor which is a complete scam. If there´s no leak in your windows, why even bother? Maybe these prices come down next time the economy tanks. I have a hard time believing the whole industry is a racket and a scam. Business-minded individuals would put up capital and undercut the competition while making a profit (albeit sm...
by JoeJohnson
Wed May 01, 2024 3:35 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard Fees?
Replies: 577
Views: 44185

Re: New Vanguard Fees?

I thought so too so why the account closure fee? Money making opportunity? I have no idea what the process is - but your two comments are inconsistent. If it is automatic, it can't create customer service pressure, right? I know it is inconsistent. Read the other comment saying a poster had problems with ACATS and it was manual. I don't know. Do you? Several folks will have to call CSR to convert Mutual Funds to ETF before initiating ACAT. I suspect that would be a large majority of folks who have been with Vanguard for 10+ years. I'm in that boat. My only taxable holding at Vanguard is VFIAX. Been contributing to it since I graduated college, never sold a share. Now I'm going to convert it to VOO and send it to Schwab. Why Schwab? They ch...
by JoeJohnson
Tue Apr 30, 2024 2:55 pm
Forum: Personal Consumer Issues
Topic: Toyota Camry vs Camry Hybrid
Replies: 123
Views: 12449

Re: Toyota Camry vs Camry Hybrid

[Comment removed - moderator oldcomputerguy] Literally zero of your references make any mention whatsoever of the Camry Hybrid (or anything like it), the topic of this thread. The 4xe, for example, is a PHEV with a LI battery. The Camry has a NiMH pack. Due to the work experience you reference, you undoubtedly know the difference. Which makes this line of objection intellectually dishonest. I find it interesting that you responded to a month old comment. Your generic comment was regarding a "hybrid NIMH pack", not a Camry (yes, I know this is on a Camry thread). My 2 minute search on hybrid fires came up with some references which I posted. So, my response was not dishonest. The fact that the examples quoted dealt with hybrid fir...
by JoeJohnson
Tue Apr 30, 2024 2:14 pm
Forum: Personal Consumer Issues
Topic: Toyota Camry vs Camry Hybrid
Replies: 123
Views: 12449

Re: Toyota Camry vs Camry Hybrid

It would be a neat trick indeed for a Hybrid's NiMH pack to experience a Lithium Ion fire. Trick or not, it happens... [Comment removed - moderator oldcomputerguy] Literally zero of your references make any mention whatsoever of the Camry Hybrid (or anything like it), the topic of this thread. The 4xe, for example, is a PHEV with a LI battery. The Camry has a NiMH pack. Due to the work experience you reference, you undoubtedly know the difference. Which makes this line of objection intellectually dishonest. I find it interesting that you responded to a month old comment. Your generic comment was regarding a "hybrid NIMH pack", not a Camry (yes, I know this is on a Camry thread). My 2 minute search on hybrid fires came up with som...
by JoeJohnson
Tue Apr 30, 2024 2:11 pm
Forum: Personal Consumer Issues
Topic: Toyota Camry vs Camry Hybrid
Replies: 123
Views: 12449

Re: Toyota Camry vs Camry Hybrid

I find it interesting that you responded to a month old comment. This was actually my first time seeing the thread (and I do read all the way through). I admit I did not take note of the date. Your generic comment was regarding a "hybrid NIMH pack", not a Camry (yes, I know this is on a Camry thread). My 2 minute search on hybrid fires came up with some references which I posted. So, my response was not dishonest. The fact that the examples quoted dealt with hybrid fires and not specifically a Camry hybrid fire is immaterial. If you don't like the references, feel free to ignore them. I apparently am unaware that the Camry hybrid battery pack is dramatically different than other hybrid packs . This last bit is a little backwards....
by JoeJohnson
Sun Apr 28, 2024 7:46 am
Forum: Personal Consumer Issues
Topic: Washington State Bogleheads looking for an EV??
Replies: 14
Views: 1707

Re: Washington State Bogelheads looking for an EV??

$45 million / $9,000 = 5,000 leases. Should be a logistical nightmare when it goes live.
by JoeJohnson
Fri Apr 26, 2024 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Is extra insurance for accidents & critical illness worth it? How to assess cost/benefit ratio?
Replies: 10
Views: 866

Re: Is extra insurance for accidents & critical illness worth it? How to assess cost/benefit ratio?

A calculator isn't necessary. The policy is priced to make money for Allstate.

Can you afford to pay your medical deductible or out-of-pocket max in the events specifically covered by this policy happen?
by JoeJohnson
Sun Apr 21, 2024 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Continue to Use Financial Advisor Who is a Friend?
Replies: 30
Views: 2419

Re: Continue to Use Financial Advisor Who is a Friend?

vnatale wrote: Sun Apr 21, 2024 3:47 pm You can give your friend the opportunity to demonstrate to you why it is in YOUR best interest for you to remain with him rather than doing what you want to do.
Nope. A financial advisor simply cannot compete with DIY indices. It would be a waste of everybody's time
by JoeJohnson
Sat Apr 20, 2024 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Continue to Use Financial Advisor Who is a Friend?
Replies: 30
Views: 2419

Re: Continue to Use Financial Advisor Who is a Friend?

$300k? Yes, this is an easy decision to part ways with advisor. Is this all in IRAs? Or is some in a taxable account?
by JoeJohnson
Thu Apr 18, 2024 6:01 pm
Forum: Personal Consumer Issues
Topic: Contemplating new car purchase
Replies: 54
Views: 4923

Re: Contemplating new car purchase

Well you can easily afford it but you're justifying it by saying you must have a v6 now. The car you currently own sounds like it can go another 200k easily. You could always buy a used v6 down the road. Or a new Toyota/Honda in a few more years. Have you looked at the new Prius? It's quick, from what I've heard. And then there's the whole retiring early situation... I wouldn't rush into a new car purchase if that were my situation. Just some thoughts. To be fair, the '24 Camry is the end of the road for it having a V6, and '25s will be rolling onto lots in the next month or two. The ES350 has not been officially announced, but there's a good chance '24 is its last year, as well, and is almost definitely not going past '25. If you just mus...
by JoeJohnson
Wed Apr 17, 2024 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Auto finance rates - my word
Replies: 94
Views: 8785

Re: Auto finance rates - my word

We live in interesting times, I suppose. I'm posting this here in case any other BHs have the same experience. I recently bought a [luxury German brand car] from a local dealer here in the Northeast. It's a $70,000 car, more or less. It's somewhat in demand so I had to pre-order it. Before I went to the dealer to pick it up they ran my credit and I expected them to present me with reasonable financing terms. However, the loan that they offered was almost 9%, for 72 months, with no other choices available! And notably, the discount that I had negotiated on the purchase price was contingent on taking their loan offer! I pointed out to the finance guy that I have 800+ credit and make $700k per year, but that fell on deaf ears (and honestly, I...
by JoeJohnson
Mon Apr 15, 2024 7:36 pm
Forum: Personal Consumer Issues
Topic: Contemplating new car purchase
Replies: 54
Views: 4923

Re: Contemplating new car purchase

Jack FFR1846 wrote: Mon Apr 15, 2024 4:21 pm
Rocky Mtn Man wrote: Mon Apr 15, 2024 2:59 pm My dad bought a CPO Lexus. It didn't fit his thrifty personality. He sold it maybe 9 months later and went back to the work truck model of the F150 (V6 and 2wd). Much happier.
I had to chuckle at this. The economical to buy pickup from Ford is long gone. Today, the CPO ES350 would be perhaps $40k and a new F-150, $60k.
I had to chuckle at the thought of 2WD base model work truck costing $60k. They are definitely not $60k. Can be had for under $40k new.
by JoeJohnson
Mon Apr 15, 2024 7:29 pm
Forum: Personal Consumer Issues
Topic: Contemplating new car purchase
Replies: 54
Views: 4923

Re: Contemplating new car purchase

zag00 wrote: Mon Apr 15, 2024 2:54 pm go certified, sub-10k miles...see several highly optioned Camry's/Accords on autotrader for upper 20's with brand new ones just over 30k mark.
There are no gently used certified V6 Camry that fit your suggested price point. Same for new. Also, gently used Toyota is a bad value relative to new.
by JoeJohnson
Fri Apr 12, 2024 9:42 pm
Forum: Personal Consumer Issues
Topic: Is Tesla really low maintenance?
Replies: 200
Views: 19153

Re: Is Tesla really low maintenance?

The issue cited was high costs to fix following collision/ damage

https://www.businessinsider.com/hertz-s ... sts-2024-1
by JoeJohnson
Thu Apr 11, 2024 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Quantifying the financial impact of car ownership
Replies: 74
Views: 5999

Re: Quantifying the financial impact of car ownership

The opportunity costs are pretty huge over a life time. Here are two portfolio visualizer examples demonstrating two 25 year olds from 1998, one who doesn't buy a car and invests $1000 per month ($12,000 per year) and one who does buy a car and thus only invests $500 a month ($6,000 per year). There money at age 50: No Car: $1,513,734 https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=3Zqr6ehs2aFLZYXOx0O2dJ Car: $756,871 https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=3UYY3IobLJDXSYtqtsF8Gl You of course can change the numbers. $6,000 a year on the car in January 1998 dollars equals $11,107 in January 2023 dollars by the way. This NerdWallet article states the average cost of car o...
by JoeJohnson
Wed Apr 10, 2024 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 18
Views: 2757

Re: Can we afford to live on one income?

peterbratt wrote: Tue Apr 09, 2024 7:00 am
Can we afford to live on one income?
Yes :oops:
by JoeJohnson
Tue Apr 09, 2024 10:32 am
Forum: Personal Consumer Issues
Topic: Did Mechanic Pulled a Quick One on Me?
Replies: 44
Views: 4909

Re: Did Mechanic Pulled a Quick One on Me?

ScubaHogg wrote: Tue Apr 09, 2024 10:05 am
biscuit5 wrote: Tue Apr 09, 2024 9:58 am
ScubaHogg wrote: Fri Apr 05, 2024 2:39 pm I have no idea, but I did just check how much an oil cap replacement is for my car. Autozone sells them for $9.

So yeah, unless you've got a weird car I'm guessing you got taken
$9 oil cap, $51 in labor to install it. :happy
I'd hope that a quality shop would offer to screw on the cap for free considering they broke the first one
Did they break the first one? Or did the prior shop overtighten?

What if the cap is 10-15 years old and plastic deteriorated? Does that change your hope?

Don't assume there was a big labor charge involved here. Could just be standard mark-up on parts.
by JoeJohnson
Tue Apr 09, 2024 9:56 am
Forum: Personal Consumer Issues
Topic: Hybrid Car - Cost Savings?
Replies: 88
Views: 10841

Re: Hybrid Car - Cost Savings?

IMO, for most consumers, it's ridiculous to pay $40k for a Prius Prime over something like a similar priced Tesla Model Y or something similar. This is the gas safety net phenomenon. You still have to charge it to take advantage of the fuel savings Still have to get oil changes, transmission service, etc You're vehicle now has everything that both the ICE and EV's have You're paying at least $8k over a similar type ICE vehicle You still have to go to gas stations You have 1/2 the power of an EV that is similarly priced Of course it's absurd to pay $40k for a Prius Prime. They start at $34k, fully decked out $40k. Unfortunately production and/or supply are extremely limited at this time. The lesson is don't buy a car that is in short supply...
by JoeJohnson
Tue Apr 09, 2024 9:41 am
Forum: Personal Consumer Issues
Topic: Did Mechanic Pulled a Quick One on Me?
Replies: 44
Views: 4909

Re: Did Mechanic Pulled a Quick One on Me?

lthenderson wrote: Sun Apr 07, 2024 11:39 pm
capitalhockey wrote: Fri Apr 05, 2024 2:04 pm I have been taking 3 cars for oil change in the last 20 years and this has never happened.
You've been taking 3 cars in over 20 years and this is the first time this has ever happened? Assuming you've been happy with their service for the last 20 years, I would not complain and fork over the $60 without hesitation.
OP did not say they've been taking 3 vehicles to the same service place for 20 years.
by JoeJohnson
Mon Apr 08, 2024 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Quantifying the financial impact of car ownership
Replies: 74
Views: 5999

Re: Quantifying the financial impact of car ownership

one_speed wrote: Mon Apr 08, 2024 8:59 pm
CletusCaddy wrote: Mon Apr 08, 2024 1:46 pm I don’t know why BHs keep thinking about opportunity cost for car ownership using the S&P 500, when for mortgage debt the standard benchmark is bond returns.
On a more serious note, apparently average new car payment is in the $700/mo range. That's not that far off from maxing out a 401k contribution (per person, not catch up).
$700 per month = $23,000??? :confused
by JoeJohnson
Mon Apr 08, 2024 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quantifying the financial impact of car ownership
Replies: 74
Views: 5999

Re: Quantifying the financial impact of car ownership

In 2016, my wife and I moved in together, moved to one car, and haven't looked back. We live in a dense urban area where one car is all we need, and we can walk or bike most of the places we need or want to get to. There were definitely a few times when it's been inconvenient, but fortunately Uber and Lyft are available and cheap, and since Covid our jobs are very flexible. We also don't have kids. It got me wondering, as a percentage of our net worth growth since 2016, how much can be attributed to only owning one car vs two? And the best (imprecise, heavily caveated) number I can come up worth is, about 13%. 12.76%, to be precise. AAA publishes an annual cost of new car ownership, with accompanying assumptions about fuel, maintenance, in...
by JoeJohnson
Mon Apr 08, 2024 10:01 am
Forum: Personal Finance (Not Investing)
Topic: What Checking/HYSA Do You Recommend For Your Financially Illiterate Loved Ones?
Replies: 11
Views: 1266

Re: What Checking/HYSA Do You Recommend For Your Financially Illiterate Loved Ones?

I'm not sure a Citizens Bank branch is 100% the same thing as Citizens Access (advertised as online only).
by JoeJohnson
Sun Apr 07, 2024 7:54 pm
Forum: Personal Consumer Issues
Topic: Power Problem with appliance failures
Replies: 13
Views: 1119

Re: Power Problem with appliance failures

talzara wrote: Sun Apr 07, 2024 6:41 pm
It's too late for that. The insurance company has already paid the mitigation company. The claim has already been opened, and it will be reported to CLUE.

Homeowners insurance is priced based on the number of claims, not the dollar amount of the claim. Since the OP already has one claim on their CLUE report, they should try to get as much money as possible.
[/quote]

If true, why do insurance companies ask how much my claim was when I'm shopping? And why is the claim amount listed on my LexisNexis report?

Perhaps your state's rules are different than other states?
by JoeJohnson
Sun Apr 07, 2024 6:28 pm
Forum: Personal Consumer Issues
Topic: Hybrid Car - Cost Savings?
Replies: 88
Views: 10841

Re: Hybrid Car - Cost Savings?

THY4373 wrote: Sun Apr 07, 2024 2:05 pm
eric321 wrote: Sun Apr 07, 2024 2:00 pm Tires maybe more expensive for the hybrid model.

Each tire has a specific weight rating. The battery weighs more and you need a tire capable of handling that weight.
Is this really an issue with hybrids (as opposed to full electric vehicles)? It looks hybrid batteries add 80-200 pounds to the car with the lower end being regular hybrids and the higher end for plugin hybrids. That seems more or less a rounding error in the weight of a modern vehicle.
Same tires are good for Rav4 gas and Rav4 hybrid. I think the risk of the tires is overstated on a hybrid.
by JoeJohnson
Sat Apr 06, 2024 2:27 pm
Forum: Personal Consumer Issues
Topic: 2023 Mustang Mach E GT Lease or Purchase
Replies: 10
Views: 1293

Re: 2023 Mustang Mach E GT Lease or Purchase

Hi all, Trying to help my son determine if a lease quote or a purchase makes sense. This is a new vehicle with no miles. Here are the details: MSRP. $54,908, Markdown price after dealer and mfg rebates=$41,435. 3 year lease with 15k miles/year allowed: With $5k down payment: $521 With $6k down payment $$491 With $7k down payment $$462 The above amounts include all taxes, registration/ licensing, documentation, etc Residual value after 3 years=$24, 721 I've read online that if you can get a monthly lease payment around 1% of the sale price you're getting a good deal. The above amounts would exceed that. And, who knows the value of a vehicle like that given the current volatility of the EV market and supposedly newer, less expensive models a...
by JoeJohnson
Sat Apr 06, 2024 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Hitting a wall with credit card churning
Replies: 125
Views: 13309

Re: Hitting a wall with credit card churning

Like a good churner, surely you have done the Wells Fargo Premier bonus and taken their $2,500. If so, you are eligible to take $700 more of their money by accepting the targeted offer for the Autograph Journey Card. You can't possible have churned that because it was just launched. It's $600 without the Premier Checking. There are many cards that you can churn to your hearts content, if you can get approved. BoA, Chase, Capital One. You are remembering to cancel the churnable ones, right? Lastly, you should have a business, and you should open business credit cards. Some of those offers are better than any personal credit card. It has the additional advantage that most of them don't show on your credit report unless delinquent, and you ca...
by JoeJohnson
Wed Apr 03, 2024 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Hitting a wall with credit card churning
Replies: 125
Views: 13309

Re: Hitting a wall with credit card churning

Expenses coming up quick are unrelated to credit card churning. Pay your bills and stabilize yourself on a credit provider. Churning is a waste of time and effort and is immaterial financially over the long term and in the big picture. It's false economy. This is what I though. Wouldn't opening up this many credit card be bad for your credit? If you have excellent credit, you can follow the very rough guideline of 5/24 (five cards every 24 months) and still maintain a high score. Hopefully I am wrong but this original post reeks of bad financial hygiene to me. As pointed out by others, taxes and insurance are not, or should not be, surprises and shouldn't require card churning to cover. OP never said the expenses were a surprise. OP never ...
by JoeJohnson
Wed Apr 03, 2024 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Hitting a wall with credit card churning
Replies: 125
Views: 13309

Re: Hitting a wall with credit card churning

My wife and I have been prolific credit card churners for years, but I've hit a wall where I'm really struggling to find sign-up bonuses that we haven't already taken advantage of in the past, and we have some major expenses (taxes, insurance) coming due quick. Anyone know of credit cards with sign up bonuses that are "off the beaten path"? In other words, not from common card issuers like chase, boa, amex, etc? For example, a recent one we found was the Penfed pathfinder rewards card. Or does anyone know which card issuers allow repeated churning? (i.e., we received a sign-up bonus 2 years ago, but now eligible for another?) We've never really done repeat cards, partly because finding the terms & conditions to ensure it's al...
by JoeJohnson
Wed Apr 03, 2024 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Home insurance deductible - ways to pay?
Replies: 5
Views: 608

Re: Home insurance deductible - ways to pay?

Personal experience, we got less from insurance.

Example: 80k damages, $1k deductible. You'll get $79k from the insurance company

You'll pay the contractor the $80k
by JoeJohnson
Fri Mar 29, 2024 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Toyota Extended Warranty - Where to get quotes?
Replies: 28
Views: 2217

Re: Toyota Extended Warranty - Where to get quotes?

Jerry - Midwest Toyota in Kansas
Troy - Toyota of Greenfield in MA
Wolverine Toyota in MI

Quote those 3 and you're good to go
by JoeJohnson
Tue Mar 26, 2024 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage should I negotiate to sell my house?
Replies: 18
Views: 1476

Re: What percentage should I negotiate to sell my house?

I’m offering the buyers agent 2.5%, and my agent 1.5%. 4% total. This was actually the my agents suggestion. He said there were lots of things they used to do in the past to market homes, that they just don’t need to do now. Things have gotten much cheaper for them….. And we also got counseled that we can offer the buyers agent whatever we want, but that going too low may steer potential buyers to other equivalent properties. Doesn't the bolded quote suggest that % of sale price is flawed metric? And the buyer should be paying the buyers agent directly from their own pocket for services rendered? In current state, in theory , the seller should be able to list the house 0.5% cheaper if the buyers agent is getting paid 0.5% less. Or at a min...
by JoeJohnson
Tue Mar 19, 2024 9:26 am
Forum: Personal Consumer Issues
Topic: Help me with my car dilemma . . .
Replies: 36
Views: 3049

Re: Help me with my car dilemma . . .

  • Do NOT put a new from the factory $15k-$17k engine in the Volvo at the dealer. Consider used and somewhere other than dealer.
  • Do NOT buy a 2023 used Rav4 hybrid or CRV hybrid. If going this route, buy 2024 new for the exact same price as the used.
by JoeJohnson
Sat Mar 16, 2024 11:51 am
Forum: Personal Consumer Issues
Topic: Anyone purchased a RAV4 hybrid recently?
Replies: 35
Views: 7963

Re: Anyone purchased a RAV4 hybrid recently?

With cars on the lot, I would think you'd be able to get $500-$1500 off MSRP depending on how motivated the respective dealer is and how many options the vehicle has. A few Rav4 Hybrid have finally been hitting the lots around us.

End of month / end of Q1 should motivate if vehicles are on the lot. Good luck!
by JoeJohnson
Wed Mar 13, 2024 5:54 pm
Forum: Personal Consumer Issues
Topic: 2022 Ford Maverick Megathread...;-)
Replies: 179
Views: 26393

Re: 2022 Ford Maverick Megathread...;-)

We are pretty sure that we want to purchase a 2024 Ford Maverick Lariat Hybrid. We have found one on a dealer lot that was a delivery that was not accepted by the buyer (per the dealer, the buyer ended up ordering a different vehicle). We have an out-the-door offer at MSRP, which is stated at $38,230 (plus tax/title/etc). With the full appreciation that some people think the "fancy" Maverick is not worth it, my question is whether we should try to negotiate the price below this. There is not a single hybrid Maverick on a lot near us aside from this one, so my inclination is just to go for it at this price. Any thoughts would be appreciated. You have to be willing to walk away and it doesn't sound like you are Right. I mean, there...
by JoeJohnson
Tue Mar 12, 2024 9:36 am
Forum: Personal Consumer Issues
Topic: Drop Homeowner Ins- Self Insure
Replies: 63
Views: 5159

Re: Drop Homeowner Ins- Self Insure

Mr. Potter wrote: Mon Mar 11, 2024 6:57 pm Just a quick update on my insurance shopping.
American Family was raising homeowners ins from 3,000 to 4,500 per year
State Farm is quoting me 3,000 per year
So looks like if I switch my rates will remain the same as 2023, I’m good with that.
Thanks for updating. Did you get quotes from any company other than SF? How do they compare to the $3k?
by JoeJohnson
Tue Mar 12, 2024 8:44 am
Forum: Personal Consumer Issues
Topic: Mouse nest in engine compartment after recent service
Replies: 27
Views: 2701

Re: Mouse nest in engine compartment after recent service

Where on/in the vehicle was the infestation? Was it visible? Don't assume it was clearly visible during oil change. For example, the mice could have been living in the vents.