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Comment Re:Easy solution (Score 1) 480

There is a reason for a salesman and the tactics. To get more money from people. The amount of people they "piss off" is far less then the amount of people that have no idea what they are doing, or honestly do not care about anything other than the monthly payment. The dealers like those people and there are a lot more of them. The people that get pissed off are those that understand the system, know they are getting ripped, don;t fall for the excitement and head games and the dealers will usually not deal with that because for every smart person on the lot looking, there are 10 dumb ones. Most places, if you state you will not need financing, you have no trade in, and just want a bottom line price, will just blow you off. They know there is little to no chance you'll budge so why bother with you? You walking away does not hurt them one bit. Someone right behind you in line will pay a lot more.

Comment Re:I have no debt and a hefty savings account (Score 1) 386

The reason I use credit cards instead of debit cards.

1) I do not want charges going directly from the checking account. Although debit cards do contain fraud protection, the money is gone and taken automatically and then I have to start the process of getting it back. Worst case, my checking account gets drained and then checks bounce, my automated payments do not go through, they start pulling funds from my savings account to cover the default etc..

2) Additional features of using a credit card. Rental car insurance coverage (above and beyond your normal auto insurance which typically only pays for the damage to the actual vehicle, not the loss of use the rental car company will charge you for), purchase protection for items lost or stolen in the first 90-120 days, extended warranties, points or dollars back (which can add up to great benefits or cash), accidental death insurance and there are others

Both of those benefits can be had from any number of credit cards that do not have any annual fee or fees at all and if you pay them in full every month by the due date, you pay nothing additional over using a debit card. Make sure you pay them every month. I have automatic billing setup with my bank or the credit card company to pay the full amount due and I've never been late with a single payment in 10+ years.

Comment Re: I have no debt and a hefty savings account (Score 1) 386

Every other interest rate fluctuates with the market. Not credit cards. Frankly it's obvious this is a market failure and it's time for some regulation.

Where did you get that information? Many cards I've seen fluctuate and are not fixed rate. They are based on a fixed value of say 7% + the prime rate published in the wall street journal every first Monday of the month or something similar to that. Some cards are just pegged at some really high value like 20%+ or the max allowed. No need to fluctuate when they are already that high.

Comment Re:I have no debt and a hefty savings account (Score 1) 386

There was a good(ish) documentary a few years called Maxed out on Debt... if you ignore the annoying drama stuff in the middle, there's some good frank interviews that explain a lot of it. They _want_ people who arn't completely broke but can't afford the credit so they'll keep making minimum payments forever. They want to load you down with more credit than you can afford so you get on that treadmill.

Companies want the most profit, nothing new here.
It doesn't matter what they want though. You are under no obligation to only make the minimum payment. You have a choice. You are also responsible to only buy what you are capable of paying for. You are 100% in control of what you can afford to pay each month and what you decide to buy on the CC, not the CC company. Your monthly statement shows a chart that lays out exactly what to expect if you only make the minimum payment.

Comment Re:I have no debt and a hefty savings account (Score 1) 386

Would YOU lend money to a random person without be given any history or their ability to pay it? What if you are trying to protect that savings at any cost including not paying for your debt?

When the restrictions for credit worthiness were reduced about 10-12 years ago for people to buy houses, we saw the end result.

Calculating risk uses science and statistics. It is not perfect but the companies handing out money believe it is better than any other method they have.

Advice for you? Get a no annual fee credit card with what ever limit you can get and start to use it and pay it off in full every month by the due date. You will get the convenience of having a credit card with it's perks and pay nothing extra out of pocket because you are paying it off every month.

People are flat out WRONG to think not paying it off every month and maintaining a balance will help their credit score. Your "report" shows balance, payment history and high balance, not a figure for the remaining after payment.

Comment Re:Let the Public Decide (Score 1) 439

$1250 fill out an app with my credit union and transfer a loan? I literally spent maybe 30 minutes total and did it all online.. For the mortgage vs the equity loan? I spent an hour in the bank and 30 minute round trip getting to and from signing dotted lines to save about $4000 over a 6 year period. Not much thought involved in either.

People have different thresholds of time vs payback.

Comment Re:Let the Public Decide (Score 2) 439

Hypothetical situation
I could have paid cash for my last new car. Instead I opted for the extra $1K cash back by financing through the manufacturer at roughly 5%, then did a refi the next month to my credit union which gave me $250 cash for a 1.75% loan. Then instead of giving up the 30K in cash to pay that, I paid down my home equity loan which was at 3.8%. The home equity loan is technically my "mortgage" because it was cheaper and easier to go that route instead of refi my house with a traditional mortgage loan a few years earlier.

There are many reasons to finance a car. It is typically one of the lowest interest rate loans you can ever get.

In theory, I could have bought a $1K beater car and just put 30K on my home equity loan. I'm with you there. I already have several $1K beaters though. I wanted something newer.

Comment Re: Who cares? (Score 1) 272

I am a white knuckle flyer but I felt much more relaxed on those military planes as a passenger than I ever did on a commercial plane. Even while facing backwards in some configurations, the large temperature changes and looking at a bunch of random cargo strapped down and no pretty walls and ceiling, just pipes, wires, and the frame of the aircraft and the only windows are on the exit doors. They are much larger inside.

Comment Re: Who cares? (Score 1) 272

I thought it would be weird but my family and I took a long "space available" to go on vacation on a large US military plane and we sat facing backwards. I didn't notice anything different other than the obvious lean the other way on takeoff. Not many windows either.

Comment Re:couldn't happen to a nicer bunch of people (Score 1) 205

Hitachi does it.
Printers, power tools, nail guns and nails, aircraft engines, car engine management systems, storage systems, dump trucks, excavators, involved in nuclear power, medical equipment, elevators, air conditioners, washing machines, batteries and many other totally unrelated things.

Imagine if they had a single 1800 number, tech support, and a bundling program.

By a dump truck and an escalator and get a reduced price on a 1PB SAN! Total convergence and bundling that Verizon or ATT could never even dream of!

All programmers are playwrights and all computers are lousy actors.