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I heard two commercials on the radio this week that boggled my mind - both from the fact that they exist and the fact that they are advertising on a major radio station, so they assume someone is going to do business with them based on their ad. One of them was for a car dealership. It had a painfully loud and high-pitched actress doing an imitation of Marissa Tomei from "My Cousin Vinny" (read everything with no g's). It wasn't just the standard BWM that blew me away, but the balls on how they sold everything as a MASSIVE favor they were doing you. quote:All these car dealers today are trying to take me through the ringer! $2,000 down? $3,000 down? Even $6,000 down! Who do they think they are? Then some random male voice comes in and says: quote:[something] auto is where you need to go. They won't try to rip you off with outrageous down payments. They only require 10 cents! That's right. ONE. DIME. DOWN. Then the lady comes back with: quote:ONE DIME DOWN! And I can choose how long I want to pay?!? Guy: quote:By doing what the customer asks. Lady: quote:Wow! It's a crime to pay more than a dime! The other ad was for some kind of insane financial advisor/self-help/survivalist amalgam. I don't remember the exact script, but he kept going on and on about "When it all goes down, and it will go down in this uncertain world we live in, what can you feed your children with? What can you touch, hold, and use?" He was selling some kind of "material retirement" package that was access to a "PRIVATE AND EXCLUSIVE" food storage center with "OVER 200,000 GALLONS" of fresh water, physical gold coins, physical silver bullion, and "EXCLUSIVE MONTHLY TRADE SECRETS" that will separate you from the rest of the people without them.
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Oct 11, 2018 20:54
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Inept posted:A $2500 print, seems legit. Setting foot in an art gallery is BWM
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Oct 11, 2018 20:59
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Leon Trotsky 2012 posted:One of them was for a car dealership. It had a painfully loud and high-pitched actress doing an imitation of Marissa Tomei from "My Cousin Vinny" (read everything with no g's). It wasn't just the standard BWM that blew me away, but the balls on how they sold everything as a MASSIVE favor they were doing you. Merchant’s Auto in Hooksett, New Hampshire? I’ve been hearing these things all summer/fall here in the Boston area, and I’m sure my wife is tired of hearing about how BWM the whole thing is. I wanted to post about them, but couldn’t find audio/video and 
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Oct 11, 2018 22:48
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Leon Trotsky 2012 posted:I heard two commercials on the radio this week that boggled my mind - both from the fact that they exist and the fact that they are advertising on a major radio station, so they assume someone is going to do business with them based on their ad. With 0% interest that would be $416 a month at their maximum payoff time. How is it even legal to do that for someone who makes $700 month? I'm sure that they charge some nasty interest rate on top of that too.
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Oct 11, 2018 23:37
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Hyrax Attack! posted:In the Seattle area there are many hand made signs seeking a real estate trainee, and promising up to $10k a month. I want an investigative podcast to follow up and find out what happens. Same but in the greater NYC area I'm disappointed that this wasn't my head canon, where they buy some garbage pit nearly condemned building via a shell company for a song, then convince the mark to get a (second?) mortgage or cosign theirs or something to buy it at a vastly inflated price so that they can "learn" how to "make it presentable enough to sell" and flip it. When the mark pays them off and everything clears, they drop a lovely mimeograph of how to do home repairs and bounce with their 50k payday.
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Oct 11, 2018 23:44
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wilderthanmild posted:Random thing I assume is BWM I keep seeing ads around for: Build to sell houses. Like I keep seeing ads which look to be from builders on empty lots. This isn't some special super hot market either, it's loving Cleveland. This has to be a sucker's trap, right?
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Oct 12, 2018 00:19
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wilderthanmild posted:With 0% interest that would be $416 a month at their maximum payoff time. How is it even legal to do that for someone who makes $700 month? I'm sure that they charge some nasty interest rate on top of that too. Someone going to a place like that won't be keeping the car for 7 years. The car probably only cost the dealer sub 15k to begin with anyways, so even if the dealer repos after 12 months and only squeezes another year's worth of payments out before the buyer goes bankrupt, he only needs to shark 2 or 3 people to be in the black.
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Oct 12, 2018 01:43
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EPICAC posted:Merchant’s Auto in Hooksett, New Hampshire? I've absolutely heard that ad in Kansas City and some research indicates it's used by dealers across the country.
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Oct 12, 2018 01:53
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Lockback posted:OP is good enough to money to ask, but hearing the pitches for scams is one of my favorite pasttimes. This line is under appreciated.
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Oct 12, 2018 04:58
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HelloIAmYourHeart posted:I've absolutely heard that ad in Kansas City and some research indicates it's used by dealers across the country. Yeah, I heard it in the Philadelphia airport. wilderthanmild posted:With 0% interest that would be $416 a month at their maximum payoff time. How is it even legal to do that for someone who makes $700 month? I'm sure that they charge some nasty interest rate on top of that too. I would guess that is what the "up to" asterisk is for. But, these places make money through ridiculous financing or repoing the car. They either collect the interest or collect the car. Leon Trotsky 2012 fucked around with this message at 14:16 on Oct 12, 2018 |
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Oct 12, 2018 14:13
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Leon Trotsky 2012 posted:I would guess that is what the "up to" asterisk is for. But, these places make money through ridiculous financing or repoing the car. They either collect the interest or collect the car. I did IT work for a series of buy here pay here lots that ended up turning into a finance company because that's where the real money is. This finance company had as many repo guys as they had other staff. The business model was to sell the same car 3,4 5 times. All they needed was the down + a few months of payments + get the car back to make money. If somebody actually stuck it out and paid their entire loan all the better, but it was absolutely not a necessary thing in their business model.
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Oct 12, 2018 15:37
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Motronic posted:I did IT work for a series of buy here pay here lots that ended up turning into a finance company because that's where the real money is. This finance company had as many repo guys as they had other staff. The business model was to sell the same car 3,4 5 times. All they needed was the down + a few months of payments + get the car back to make money. If somebody actually stuck it out and paid their entire loan all the better, but it was absolutely not a necessary thing in their business model. didnt john oliver do a dealio on that https://www.youtube.com/watch?v=4U2eDJnwz_s
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Oct 12, 2018 15:50
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My friend is posting that his Tesla stock is way down since he bought it, but he thinks it is going back to the moon again very soon. He is asking people if he should sell all of his stock now and then use that money to invest in Tesla when it starts to go back. I'm not sure what the logic is here. Even if you don't know anything about investing (and it appears that he does not), then any random person can obviously see that cashing out after it goes down gives you less money and buying when it starts to go up again will cost more money. The even weirder thing about it is that he isn't even a Model 3 believer or electric car enthusiast. He is convinced that, within the next year, Tesla is going explode in value after they install "Smart Roofs" and "House Batteries" in every house in America and put the electric companies out of business. I googled it and Smart Roofs are apparently a real thing.
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Oct 12, 2018 16:15
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Tesla bought Solarcity and made a big show-and-dance about it a few years back, but IIRC they've had horrific problems in actually getting those shiny new solar-roof-tiles commercially viable. I don't think they'll be ubiquitous any time soon.
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Oct 12, 2018 16:18
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DrAlexanderTobacco posted:Tesla bought Solarcity and made a big show-and-dance about it a few years back, but IIRC they've had horrific problems in actually getting those shiny new solar-roof-tiles commercially viable. I don't think they'll be ubiquitous any time soon. BWM, bailing out your brother-in-laws solar panel company.
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Oct 12, 2018 16:53
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Solar roof tiles sound really awesome, but aren't they only actually installed on like 4 houses so far? Edit: https://www.cnbc.com/2018/09/24/tesla-solar-roof-tiles-where-are-they.html quote:As of May, only 12 Tesla tiled roofs were connected to the grid, all in Northern California, according to Reuters. Tesla declined to give an updated figure, but the company later clarified that Musk's "several hundred homes" comment refers to roofs that are scheduled for installation or are partially installed.
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Oct 12, 2018 16:56
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Normal rooftop solar panels are only barely economically viable, but sure, let's make expensive fancy solar tiles with inferior efficiency.
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Oct 12, 2018 17:06
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BMan posted:Normal rooftop solar panels are only barely economically viable, but sure, let's make expensive fancy solar tiles with inferior efficiency.
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Oct 12, 2018 17:26
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Solar tiles are almost never inherently feasible, unless you live in California which is a sweet spot of high electricity prices and also high sun exposure. Solar tax credits are designed to make it a wash or slightly feasible. No idea if Doofus makes particularly good or bad solar tiles
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Oct 12, 2018 17:40
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BMan posted:Normal rooftop solar panels are only barely economically viable, but sure, let's make expensive fancy solar tiles with inferior efficiency. Really? My mom got solar panels installed on her house and projected that between the tax credits and power savings it would pay for itself in eight years or so. Sounds like a long time, but factoring in living in a home you own and living on a fixed income anything helps, I'm sure. It would also be interesting to see what premium rooftop solar panels get when selling a house or on new construction.
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Oct 12, 2018 18:04
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GoGoGadgetChris posted:Solar tiles are almost never inherently feasible, unless you live in California which is a sweet spot of high electricity prices and also high sun exposure. Huh another Musk product that’s completely unusable outside of california. I’m noticing a trend here
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Oct 12, 2018 18:05
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solar panels get about 30% better per annum and have been doing so for years having a conventional opinion about them is about as wise as having a general conventional opinion about computers in 1992
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Oct 12, 2018 18:06
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$40,000 spent trying to get away from $900 loanquote:Auckland man Blair* is stuck in a payday lending cycle.
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Oct 12, 2018 18:08
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Lockback posted:OP is good enough to money to ask, but hearing the pitches for scams is one of my favorite pasttimes. One of my coworkers added me to this facebook group that was basically a pyramid scheme. Step 1: Everyone chip in 20 bucks a week! Step 2: Invest 30% of that money! Step 3: Get 10% returns every week! Step 4: Everyone get 20k! Yes...
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Oct 12, 2018 18:19
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Jesus Christ. Death to all pay day loan services. That Dirty Money episode was really eye opening on the shady poo poo they do
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Oct 12, 2018 18:22
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Predatory payday loan places are evil but goddamn dude why didn't you just pick up a second job for a while?
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Oct 12, 2018 18:25
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George H.W. oval office posted:Jesus Christ. this one is a little inaccurate in that he has actually taken out 900 dollars from a pay day loan joint on a consistent every other month basis for years it's not like a one time 900 dollar debt has caused those repayments - that guy is just dumb as gently caress and bad with money still i agree with your thesis
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Oct 12, 2018 18:25
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https://old.reddit.com/r/personalfinance/comments/9nmj8c/in_the_next_year_i_plan_on_dropping_all_assets/ In the next year I plan on dropping all assets and backpacking the country for a year or so. Any tips on how to best handle my affairs? quote:At the moment I’ve got my car payment, rent, and that’s about it aside from misc other bills that can easily be dropped. Only a couple thousand in debt on my cc’s, and no dependents. Plan on finishing my current lease, selling the car, paying off credit cards and selling/giving away anything I can’t carry on my person, taking a couple grand and just setting out to see the country. I’m just sick of the rat race, I’m 26 and have barely been anywhere, I need to get out there and live for a while. I am going to voluntarily become homeless, and I am very worried about how my credit score will be affected!
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Oct 12, 2018 19:10
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that's good with life tho
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Oct 12, 2018 19:14
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Droo posted:At the moment I’ve got my car payment, rent, and that’s about it aside from misc other bills that can easily be dropped. Only a couple thousand in debt on my cc’s, and no dependents. 
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Oct 12, 2018 19:17
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Did something similar. It’s very GWL and if all you’re doing is thru hiking you can survive a year on little. 5 months on the AT was ~2500. A lot of retirees out there just hiking using SS to sustain themselves and honestly it sounds amazing once I retire.
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Oct 12, 2018 19:23
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Fitzy Fitz posted:Predatory payday loan places are evil but goddamn dude why didn't you just pick up a second job for a while? Peak American sentiment.
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Oct 12, 2018 19:27
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operating within a system does not mean you agree with the system
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Oct 12, 2018 19:39
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Panfilo posted:Really? My mom got solar panels installed on her house and projected that between the tax credits and power savings it would pay for itself in eight years or so. Sounds like a long time, but factoring in living in a home you own and living on a fixed income anything helps, I'm sure. Solar tiles cost anywhere from 33% more to almost twice as much as a solar panels on your house, and they produce less electricity than the solar panels, too.
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Oct 12, 2018 19:40
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Fitzy Fitz posted:Predatory payday loan places are evil but goddamn dude why didn't you just pick up a second job for a while? I work in IT, and I don't even know how I would go about getting a second job. Most places won't hire you if you say "I can't work from 8:30am-7:00pm, M-F. I have on-call hours one week in every six where I have to be available for my other job at all times." Where should he have looked, exactly?
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Oct 12, 2018 20:14
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At some point, when you are up over $20,000 in payments for your $900 loan over several years, wouldn't you try something different? Even if you just say, "gently caress it" and burn it all down. Bankruptcy seems like it is worth $40,000.
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Oct 12, 2018 20:18
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My wife wants to take the money we'll be getting from selling our rental home and invest it in a restaurant. We have no experience in restaurants, nor do I have any will to work in a food industry. I think I may have to 
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Oct 12, 2018 20:27
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golden bubble posted:Solar tiles cost anywhere from 33% more to almost twice as much as a solar panels on your house, and they produce less electricity than the solar panels, too. Oh, I was mixed up, I thought we were talking about just roof solar panels. Seems like it would be more cost effective to continue expanding rooftop solar panels on homes vs reinventing the wheel with solar tiles which even if they weren't more expensive or had all the other downsides are just marginally better buuuut this is Tesla were talking about.
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Oct 12, 2018 20:31
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Nocheez posted:My wife wants to take the money we'll be getting from selling our rental home and invest it in a restaurant. hahaha it's like the worst possible investment vehicle of all time!
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Oct 12, 2018 20:35
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Thanatosian posted:I work in IT, and I don't even know how I would go about getting a second job. Most places won't hire you if you say "I can't work from 8:30am-7:00pm, M-F. I have on-call hours one week in every six where I have to be available for my other job at all times." Where should he have looked, exactly? Uber Work-at-home tech support Graveyard shift at Walmart Disclaimer: no one should have to do that. Your job already sounds awful though if you're working 60 hours a week.
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Oct 12, 2018 20:42
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