Author Topic: So you got laid off? Go buy a new Mustang.  (Read 955 times)

kendallf

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So you got laid off? Go buy a new Mustang.
« on: January 15, 2019, 07:43:11 PM »
One of my car friends has been posting on FB for several months about the new Mustang that he had custom ordered (because options blah blah).  He is a truck driver, is about 60, and has previously posted various "I'm so broke" comments, along with a GoFundMe page for his wife's medical expenses. 

Right before Christmas, he got laid off/fired, which is a shitty thing to have happen, at a shitty time of year.  I hope he finds a job soon, because he's a great guy. 

I'd forgotten about the car.  A couple of days ago, he posted celebratory pics of his new ride, and mentioned that since he was still looking for work, his wife would get to drive it a bit.  People are congratulating him on his purchase...


v8rx7guy

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Re: So you got laid off? Go buy a new Mustang.
« Reply #1 on: January 15, 2019, 09:16:47 PM »
What a terrible life decision... a mustang!

marty998

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Re: So you got laid off? Go buy a new Mustang.
« Reply #2 on: January 16, 2019, 04:43:50 AM »
One of my car friends has been posting on FB for several months about the new Mustang that he had custom ordered (because options blah blah).  He is a truck driver, is about 60, and has previously posted various "I'm so broke" comments, along with a GoFundMe page for his wife's medical expenses. 

Right before Christmas, he got laid off/fired, which is a shitty thing to have happen, at a shitty time of year.  I hope he finds a job soon, because he's a great guy. 

I'd forgotten about the car.  A couple of days ago, he posted celebratory pics of his new ride, and mentioned that since he was still looking for work, his wife would get to drive it a bit.  People are congratulating him on his purchase...

Perhaps he used the severance payment (assuming not fired)? Still, a pretty ordinary decision if he has a go fund me page running in parallel.

Laura33

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Re: So you got laid off? Go buy a new Mustang.
« Reply #3 on: January 16, 2019, 07:39:04 AM »
This hurts my brain.

HamsterStache

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Re: So you got laid off? Go buy a new Mustang.
« Reply #4 on: January 16, 2019, 09:45:55 AM »
If he had custom ordered it several months ago, perhaps there wasn't any canceling? I don't know, I've never custom ordered a car before...

Chris22

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Re: So you got laid off? Go buy a new Mustang.
« Reply #5 on: January 16, 2019, 10:02:46 AM »
If he had custom ordered it several months ago, perhaps there wasn't any canceling? I don't know, I've never custom ordered a car before...

Custom ordered my latest car.  I had to put down a $1k deposit, which was debatable if it was refundable or not.  Based on my internet research, I put the deposit on a credit card (reversed the transaction at delivery) so I could dispute the charge if necessary. 

six-car-habit

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Re: So you got laid off? Go buy a new Mustang.
« Reply #6 on: January 16, 2019, 07:41:26 PM »
 We've custom ordered 3 cars over the years.  It's a good way to get what you actually want in a car, instead of how the cars come optioned as ordered by the dealer - or just packaged with popular options by the factory -"sales bank" cars.  Generally you need to wait a couple months for delivery, as the car is built to your specs.

   So maybe you want a car in a Certain Color , with certain go-fast performance options, but None of the navigation / entertainment / luxury seating / power everything / distance control garbage.  Most likely will not find your desired set-up on any car lot.
    So a person could buy a vehicle they have on the lot, with extraneous, heavy do-dads, 2nd choice color etc -- and compromise your wishes+ pay a generally higher price point -- or leave a down payment and wait for it to be built + delivered.

  Both of the major manufacturer vehicles we put about $2000 down, had researched prices beforehand [ Edmunds, etc] , and paid $500 over actual invoice cost [ because edmunds spells out invoice cost of each option as well .] 

  Also , on sales bank cars, the 100 or more vehicles the dealer has sitting on the lot for someone who needs a car Today, the dealer generally has a "holdback" cost of several hundred dollars, that they owe the manufacturer for "advancing" them the car to fill up the lot.  On an ordered car, there is no "holdback" because the vehicle hasn't been sitting on the lot costing the dealer money as it gathers dust, and taking up space - so the dealer is usually more comfortable negotiating lower on price.

  Nonetheless, kendallf's friend probably should have just given up his deposit, chalked it up to a life lesson/ unfortunate circumstance, and never took delivery of the Mustang.   For myself , I'm well aware of the folly of buying a new car vs used, but sometimes dumb choices lead to good screennames....



kendallf

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Re: So you got laid off? Go buy a new Mustang.
« Reply #7 on: January 17, 2019, 07:45:02 PM »
What a terrible life decision... a mustang!

LOL I know!  He's a Buick guy, for chrissakes!  He has a 70 GS clone with a 455, so I don't know what he was thinking with the Mustang (which is a base model because at least he didn't spring another $10k for the GT).




dignam

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Re: So you got laid off? Go buy a new Mustang.
« Reply #8 on: Today at 06:31:07 AM »
What a terrible life decision... a mustang!

LOL I know!  He's a Buick guy, for chrissakes!  He has a 70 GS clone with a 455, so I don't know what he was thinking with the Mustang (which is a base model because at least he didn't spring another $10k for the GT).

Wellll....I mean if you're already making a very questionable decision by custom ordering a Mustang, you might as well get the GT ;)

I've only ever bought one car new before (probably never will again), and it took the dealer about 10 minutes of searching online and maybe a week for them to ship the exact car specs I wanted from another dealer (I wanted fewer frills but more power and a manual transmission at the time).  Wasn't any more expensive than buying a car they had on the lot.