I'm not excited about a new car note, but I also don't know how reliable a used car would be. Pros & cons?

So, getting a new car or a CPO is definitely out the window. Instead, I’m going with a regular, not-so-old used car, and with the rest of the funds, I’m planning a “work trip” to Las Vegas to hit the massage parlors, haha. I found some pretty good spots on rubmaps, but I’m not too familiar with the area, so if anyone has a better suggestion, I’m all ears. PM me.

ALL brands will be affected in one way or another. I don’t know of any vehicle made in the US with 100% US made parts.

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I saw an interview on TV of a Ford UAW worker concerned about how much the cars he built would cost because of imported parts.

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I don’t think cars are shuttled back and forth to build them.

IIRC I read or heard a news report. Dodge was the subject.

Absolutely, that is going to happen. Even used cars are going to jump in price due to increased demand. In my case, I already have a quoted price w/deposit and the vehicle is enroute. Theoretically, it has already passed customs at the foreign port so no tariff will be collected when it arrives.

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From a new or used car dealer you NEVER save money by telling them you plan on paying cash. They make money on the financing. Tell them you want to settle the price on the car before you select financing.

Private party sale , cash wins.

To expand on this, since counterfeit cash and Cashier’s Checks are hardly unknown to auto dealers, you may have to wait for delivery until “Good Funds” are confirmed by their bank.

Regarding Tariffs on vehicles and parts, my understanding is that the tariff will be imposed at the border. So if I’m correct, a BMW assembled in South Carolina with a M series engine from Germany will pay the tarifff on the engine’s “value” at the border.

The obvious problem is that while we know the “value” of a completed BMW, what is the “value” of an engine outside a completed car? Retail? Wholesale? Manufacturer’s Cost? Percentage of Completed Cost?

Ask 10 people and you’ll probably get 11 answers.so maybe this should be renamed, The Tax Attorney and Revenue Agent Full Employment Act ?

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The money you save buying used will be available to fix any issues that arise.

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Now that we are on to banking, reference to a car loan as a note is a clear indicator of across the pond. In the us, a loan with payments is called a loan or installment loan. A note is payable in six months or whatever with no payments before the note is due.

As far as the hub bub on tarrifs, Peter Navarro was a main designer and has the best explanation. Can be seen on YouTube. More to the formula than just current tariffs. He also covers it in his book of a while back. Victor Hansen gives and explanation too but is incomplete. Cramer on tv was a student of his at Harvard but not sure what he learned.

Thank you for the information :blush:

Tote the note is common in the south anyway…

Variations of Buy Here Pay Here Explained:

Sometimes, instead of “buy here pay here” you’ll hear “on the spot financing” or “tote the note.” All these expressions mean is that, by purchasing your used car, truck or van through a buy here pay here dealership, you essentially get financed through dealerships like XxxxXXX rather than through a bank.

Here is a 10 seccond google, well DDG search, 4 out of 5 mention Note… and the next 5 all show Note also…

So to us uneducated folk down here in the South, Note and loan or whatever all mean the same thing…

Not really an across the board event. Used vehicles are at an all time high so a transmission replacement might be more than the socalled savings .

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Well money and banking 101. When a note is called it means the payment is being demanded. You can’t recall an installment contract. Different kind of contracts. I’d read the fine print on one of those tote the note places to see if they really set it up as a note and not installment payment. Just like a contract for deed is not a mortgage. Don’t feel bad, I had a lawyer on the city council that didn’t know the difference trying to be the rear end he was.

Well, I’m not particularly well-educated, but i know better than to “buy” a car from those places

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Actually other way around. If you finance the dealer often gets a commission.

Because they can.

Smart guy.

Ohh no, I would never buy from one, but I have had to work on many of them and they are mostly junk… I tell everybody to stay away from Tote the Note lots…

And as that goes, y’all northerner folk also call a Coke a pop or whatever, in the south all soft drinks (Coke, Pepsi, etc etc) are ALL called cokes… lol… so if we are working together and I say hand me my coke please, that means hand me my Dr Pepper… :rofl:

Here is where it gets really complicated. The Wall Street Journal recently tracked the travels of just one engine part–in this case, connecting rods for F-150 engines. That particular part crosses the border a total of 6 times before it is installed in engines at the factory. How will the tariff be applied to that part, and to others that might cross the border multiple times?

I couldn’t get past the WSJ’s paywall, so here is an article on that subject from a different source that summarizes the WSJ article:

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