Here is another reason why i am going to feel great this afternoon and stop by the mall and buy some tools and continue to fix my 300D!!!

Newspaper article about Nasty Trick auto financiers use on people

I agree only a fool goes that deep into dept for a status symble car...

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Proud owner of ....
1971 280SE W108
1979 300SD W116
1983 300D W123
1975 Ironhead Sportster chopper
1987 GMC 3/4 ton 4X4 Diesel
1989 Honda Civic (Heavily modified)
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Section 609 MVAC Certified
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"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche

The article says:
The nation's highways are packed with wonderful new cars and trucks that are purchased by people who seem rich and happy. But, in fact, many are deep over their heads in debt.


Seriously I like my used cars neat and well maintained without rust and safety defects and dents or broken parts...if I could paint them myself I would....I would also go the xtra mile to fix dash bulbs and upholstery and electrical snarls...
but to buy a $35,000 brand new car? With that interest I guess and all those funny charges mebbe you are paying 50K?

Negative equity is a big part of what drives cash rebates on new cars. The rebate is necessary to retire (or mostly retire) the old loan so the buyer can qualify for the new loan.

- JimY

P.T. Barnum was right.

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Never a dull moment at Berry Hill Farm.

to that!

my 20 year old MB diesel that I own outright. Yeah, it's going to require maintenance and service but I think it's the way to go!

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Tom in AZ

1985 300SD, smoke silver, blue interior, 146K
1973 280, 85K (sold)

I have no plans to get rid of any of the cars we now own,,, and I do mean own. Have been getting the TE back to pristine condition little by little and painted the 400 last year. The SL needs nothing and the more I drive these cars, the more I love them.

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95 SL500 Smoke Silver, Parchment 64K
07 E350 4matic Station Wagon White 34K
02 E320 4Matic Silver/grey 80K
05 F150 Silver 44K