[–] peacegnome 0 points 1 point 1 point (+1|-0) ago
Cars as a social status symbol is a scam. One little scratch shouldn't matter to you unless you are hoping to keep the car in mint condition for 30 years to have as a collectors item.
This irrational market forces new models, and so parts change. If you want to fix a 1998 corolla then it is dirt cheap. That car also got 38mpg. why can't I just buy that car? The demand is there, maybe not for $15k, but for people like me looking for cheap cars that run forever and have parts available.
[–] New-World-Ebola 0 points 1 point 1 point (+1|-0) ago
nosejobs and paedophile island holidays aren't cheap.
you've been jewed
[–] everlastingphelps 1 point 1 point 2 points (+2|-1) ago
1955 was still the gold standard. $35 an ounce. That means that a $1 deed was worth 0.028 oz of gold.
Gold is currently $1,733.80 an ounce. That makes the 0.028 oz worth $49.50 in current dollars, which is actually more than just notarizing now. The current $500 inspection would have cost (in gold) 0.288 oz, or $10 in 1955.
When you start thinking of things in gold, you will realize that most prices aren't going up (and a lot of things are going down) but rather, they are using inflation to make the dollars you have in your pocket worth less and make you run the rat race to constantly make more dollars. They want dollars to not be able to hold value, so you have an incentive to spend then right now rather than saving.
A car in 1955 cost around $1500 dollars. That's 42.85 oz of gold. At the current spot price, that's $74,305 worth of gold. See what I'm saying?
On the insurance front, it's not a bet. It's socialism. It's distributing the risk of something around to lots of people. It's not inherently bad when people are allowed to decide if they want to opt in. The problems come in when people either are forced into it by the state (auto insurance, mortgage regulations) or people are given it by someone else (employers buying health insurance.)
[–] honk_atcha_boi ago
That's not socialism. I really wish people would stop conflating government action and collective agreements as socialism. They're not. Socialism is communal control of the means of production, i.e, the strongest mob boss makes the profit and takes the goods.
[–] ninjajunkie 0 points 1 point 1 point (+1|-0) ago
It is a business based on only profiting if they do not provide the service you paid for.
[–] KobeBurger 1 point 1 point 2 points (+2|-1) ago (edited ago)
My term 25 is $25 a month. For 25 years that is $7,500. If I die, my wife and kids get half a mil and pay off the house, debts and top up the kids education funds. If I make it beyond that time, I cancel the policy and it was a good $300 per year to give me peace of mind.
[–] AngryInVirginia 0 points 1 point 1 point (+1|-0) ago
It is similar to hedging an investment. In an ideal situation you are going to lose some money on it. But you are accepting that loss to cover your losses in the event that things do not go the way you had planned. I am not turning my back on something like that no matter how much of a sham people on this forum say it is.
[–] KobeBurger 0 points 1 point 1 point (+1|-0) ago
Exactly. They probably just came across someone who was trying hard to sell them the wrong kind of insurance because it pays a big commission.
[–] [deleted] 1 point 1 point 2 points (+2|-1) ago
[–] KobeBurger ago
No, mine was underwritten after I passed a full health screening. I die, it pays. The only way it wouldn't pay is if I committed suicide in the first 2 years, or don't pay the premiums. That 2 years was done over 10 years ago, and I'm not going to miss paying a $25 premium. The insurance you're talking about is either whole life or universal life, good if you have the bucks for it, for most people, they just need term insurance to cover a period of time of debt.
[–] slickleg64 ago
Anyone who drives an expensive car daily on public roads is an idiot, waste of money paying off something you cant afford. Cheap mitsubishi and 3rd party cover in case i hit a cokehead nigger in a mercedes on the way to work. , if your car is cheaper than your premium, you cant lose.
[–] con77 0 points 1 point 1 point (+1|-0) ago
I worked at one of the top Buick GMC dealers in the country. If it was a slow service week all of a sudden every car and truck coming in still under warrantee needed new brakes and rotors. I'd see a pile of like new rotors waiting for the recycler to come get them.