Comments on: Question Of The Day #4 http://www.moneycrashers.com/question-of-the-day-4/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 16:48:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Janethttp://www.moneycrashers.com/question-of-the-day-4/#comment-5430 Janet Wed, 02 Jan 2008 17:24:19 +0000 http://www.moneycrashers.com/question-of-the-day-4/#comment-5430 When I bought my car back in 2004, I did a ton of research online first. I found the exact model and package I wanted through a local dealership's website. It was used, but only had 2500 miles on it! I asked why the car was used with so few miles. The dealer told me that someone moved to my state just after purchasing the car (a convertible) in California. Then when they arrived here they decided they wanted a 4WD because it snows here sometimes. They traded the car in with under 2000 miles on it, but there is some law that a dealership cannot sell a used car of another manufacturer with under 2500 miles on it, so the dealership owner's wife drove it around for a couple weeks until it had enough miles on it. I essentially bought a $26000 car for $18000 because someone else made a bad decision. I also researched financing online first and I had a 3.5% rate (I have excellent credit). The dealer wanted to offer me financing, but they couldn't even come close. When I bought my car back in 2004, I did a ton of research online first. I found the exact model and package I wanted through a local dealership’s website. It was used, but only had 2500 miles on it! I asked why the car was used with so few miles. The dealer told me that someone moved to my state just after purchasing the car (a convertible) in California. Then when they arrived here they decided they wanted a 4WD because it snows here sometimes. They traded the car in with under 2000 miles on it, but there is some law that a dealership cannot sell a used car of another manufacturer with under 2500 miles on it, so the dealership owner’s wife drove it around for a couple weeks until it had enough miles on it. I essentially bought a $26000 car for $18000 because someone else made a bad decision. I also researched financing online first and I had a 3.5% rate (I have excellent credit). The dealer wanted to offer me financing, but they couldn’t even come close.

]]> By: Matthewhttp://www.moneycrashers.com/question-of-the-day-4/#comment-5420 Matthew Thu, 27 Dec 2007 02:01:40 +0000 http://www.moneycrashers.com/question-of-the-day-4/#comment-5420 I was moving in to my first apartment and I went into a local furniture store. I needed a dining room table, so I thought I'd take a look at what they had. Lots of expensive stuff, but some ok quality in the $300-$400 range. However, it was a bit over my price range at the time. Then, in the back of the store, I saw a beautiful dark wood (not pressboard) antique-style table that normally sold for $399 or so. Only the floor model was left; it was deeply discounted to $20. There was not a scratch on the thing and it was in perfect condition. I asked why the table was so deeply discounted. It was "last year's model". How can you have last year's model on an antique style table? So I bought that table way back in August of 2000 and have used it practically every day since, even after I got married and had kids. It's actually in great condition and has held up quite well. Let's see, a $20 table lasting over seven years of daily use; not a bad discount for a $400 table... I was moving in to my first apartment and I went into a local furniture store. I needed a dining room table, so I thought I’d take a look at what they had. Lots of expensive stuff, but some ok quality in the $300-$400 range. However, it was a bit over my price range at the time.

Then, in the back of the store, I saw a beautiful dark wood (not pressboard) antique-style table that normally sold for $399 or so. Only the floor model was left; it was deeply discounted to $20. There was not a scratch on the thing and it was in perfect condition. I asked why the table was so deeply discounted. It was “last year’s model”. How can you have last year’s model on an antique style table?

So I bought that table way back in August of 2000 and have used it practically every day since, even after I got married and had kids. It’s actually in great condition and has held up quite well.

Let’s see, a $20 table lasting over seven years of daily use; not a bad discount for a $400 table…

]]> By: Chief Family Officerhttp://www.moneycrashers.com/question-of-the-day-4/#comment-5415 Chief Family Officer Fri, 21 Dec 2007 04:49:03 +0000 http://www.moneycrashers.com/question-of-the-day-4/#comment-5415 This is actually a friend's story - she hates shopping but needed some new clothes so she went to Macy's and poked around the sales rack. Found some really nice quality pants - black, lined, appropriate for work and dressing up. She went to pay, and they rang up for one cent. This is actually a friend’s story – she hates shopping but needed some new clothes so she went to Macy’s and poked around the sales rack. Found some really nice quality pants – black, lined, appropriate for work and dressing up. She went to pay, and they rang up for one cent.

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