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"Hypermiling" Now this has just gotten ridiculous.

Discussion in 'Off Topic [BG]' started by hbarcat, Mar 18, 2008.

  1. Chriss62


    Jul 24, 2000
    Austin, Texas
    Anyone see the southpark where they had the "Pious" hybrid. It was pretty funny.
  2. fenderhutz

    fenderhutz Supporting Member

    Jan 28, 2007
    Harpers Ferry WV
    Not going to pick apart that post too much, but I haven't seen many people do 100% financing on a vehicle, most people have a trade in or a at least 1000-2000 down. 6.5% on a new vehicle is also high, the most I would pay is 5.9% and dealers if you use the financing provided you usually get a deal 2.9%-4.9% for new vehicles. 6.5% at least is this area is what I got for a used vehicle purchase. That's where I got my figures.

    I am not saying driving like an idiot is acceptable, I am saying I can see ehere these people may get their logic from.
  3. If I saw someone driving as erratically as the one described in the original post, I'd be calling 911 on my cell phone and reporting the location and license plate number of that idiot. That would teach her pretty darn quickly.

    I've called 911 before for idiots before. That's what the highway patrol is for.
  4. guy n. cognito

    guy n. cognito Secret Agent Member Gold Supporting Member

    Dec 28, 2005
    Nashville, TN
    Well, if you live in a state with sales tax, $1000-2000 will do nothing more than cover the tax, plus fees. So, you're still financing 100% of the vehicle. 6.5% is an historical average, not a special financing option. You're assuming that someone poor enough to need to choose between gas and food can qualify for the best rates, which is a pretty inaccurate assumption.

    But, let's work through this, assuming 100% of the vehicle price financed for 60 months at various rates:

    At 5.9% the difference is $154
    At 4.9%, the difference is $151
    At 3.9%, the difference is $146

    Do you want me to keep going lower?

    To sum up, there is no logic for a poor person to buy a new car, hybrid or not. The gas savings will never be sufficient to recoup the costs of financing.

    When I first started my banking career, I made car loans exclusively. The AVERAGE buyer typically requests 100% financing and the AVERAGE buyer typically won't qualify for the best rates.
  5. Bob Lee (QSC)

    Bob Lee (QSC) In case you missed it, I work for QSC Audio! Commercial User

    Jul 3, 2001
    Costa Mesa, Calif.
    Technical Communications Developer, QSC Audio
    My neighbor makes his living buying, restoring, and selling those and other air-cooled ones.

    The descriptions of "hypermiling" sound a lot like "driving while yakking on the cell phone."

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