A couple years ago there was an interesting documentary following of the going-ons of a Jeep dealership from New Jersey trying to make their monthly goals for an entire month. https://www.thisamericanlife.org/at-the-car-lot
It was a real eye opener to learn that it’s pretty difficult for dealers to make decent profits on new car sales, often relying on their car manufacturer for bonus money if they hit a certain sales quota. You might get a reasonable price for a new car if you play it smart and know exactly how much you should pay using the MSRP listed on the car manufacture website.
The relationship is not over
Let’s say you smartly checked you prices, walked in and got a decent price for a nice new car. Perfect right? Like a parent to a child you will always be connected to the dealership – through a warranty. Lot of times the dealer will tell you that to keep your warranty valid, you will need to get all the car services done by a certified dealer of your car manufacturer.
The dealer always has specials and maintenance packages. Customers often get a false sense of comfort thinking that the dealer can’t screw them, they represent their car manufacturer and they are approved mechanics that won’t void the warranty. So this forced relationship continues, the customer goes for the oil changes and the offered maintenance packages recommended at various driven mile intervals.
You are the Prey
Can’t be that bad right? Well the dealership needs to make profit, they need to eat and like wolves they found a prey -> the poor hard working customer. You drop your car in the morning for an oil change, only to get a call an hour later with a mechanic telling you things like, ‘Your brakes are dry’, ‘brakes need adjusting’, ‘the engine cover is not sealed properly and may leak’…on and on.
It’s all about fear, you might think ‘I can’t have my children riding in my car with bad brakes, I need this resolved immediately’ and boom… For what was supposed to be a $35 oil change you leave with a $650 bill for brake work you didn’t need.
I’m not saying that all dealers are like this and maybe you actually needed the work. Not everyone has knowledge about cars and you might not have the time, so you end up getting ripped off at the ‘stealership’. A business that you trusted by making a huge purchase only to be screwed over by spineless dealer operators trying to squeeze every penny out of you by hook or crook.
What can you do about it? Some tips below:
Take the time to know more about your car, what are the true recommended intervals to get things replaced or repaired. Know things like driving less than 10000 miles (16000 km) could not possibly warrant a full brake service.
You don’t have to get the repair done right away, if you are still not sure, get a second opinion from 3rd party mechanic
The dealership needs to make profit and they know you are vulnerable when your car is sitting in their garage
One of the hottest and most volatile ETF’s in the market today is the Direxion Daily Junior Gold Miners Index Bull 3x Shares (JNUG). Since the middle of March 2017 we have seen this index go into a downward spiral losing almost 50% of its value. Looking ahead and seeing the history of GDXJ the ETF that JNUG is based on, the seasonal lows are approaching and looks to reaching a bottom.
Analyzing gold prices, considering inflationary pressures and world instability, gold will recover to $1300/oz in the coming months pushing junior gold miner earnings up.
Seeing the volatility and following a trading strategy of scalping 1% a day over the coming months is not out of the question. Watch for JNUG to push back to $55 by end of July.
As of May 3rd gold prices are currently hovering $1250/oz and JNUG $16.43
Back in 2006, I bought a new house and needed a new washer and dryer. Browsing through the flyers I saw a picture the latest LG 27 Inch TROMM model, candy apple color. I was ‘blown away’, growing up in the 70’s and 80’s meant washing my clothes in those ugly boring top load washing machines. Buying this machine would not only give me clean clothes but also stroke my ego – ‘I kicked ass’. So I went to Home Depot, got some financing and $3500 later this beautiful washer and dryer was giving me crisp clean clothes.
Perfect right? Then the downtrend, a few years later my clothes were not as fresh as they used to be, horrible pungent smells started to coming out when I opened the washer door. Couple more years later, water started coming out of the front door! So much so that the water leaked through my heat registers and pools of water appeared on my basement floor. Yeah $3500 for a stinking washing machine, while my cheap loser neighbour was laughing to the bank with her ugly harvest gold top loading washing machine she got second hand from the back pages of our local community paper.
Upon closer inspection I noticed a tear in the door boot seal, water leaking through. Simple, minor issue, could happen to any other brand. So at this point I had two options, call a repair man or DIY. So me trying to be handy and a tool collector addict, I thought I would give it a go.
This is where the ugly truth of LG came out, and I will never buy their product again. I proceeded to dismantle the washer as explained on a YouTube video I found – https://youtu.be/xp5sV_1SSKw
All of sudden, the grossness appeared – mold everywhere, bacteria laden slimy mold in the inner linings of the boot seal. I was thinking how dangerous it was encountering these toxins. Then I thought of my young 2 year old child wearing clothes that basically have been washed with mold. In fact there was a class action lawsuit on it: http://www.consumerreports.org/washing-machines/lg-settles-front-loader-washer-mold-lawsuit Washer owners to get $35 or a $105 rebate on a new LG. Are you kidding me? $35 for mold in my clothes after paying over $3500??
More disappointment followed, I unfortunately purchased the incorrect door boot seal from a seller on eBay. Digging deeper I realized I ended up buying the modified gasket with the drain hole. Apparently the part number listed in the washer manual has been modified as models after 2007 come with an extra drain pipe. http://partsdr.com/blog/lg-door-boot-gasket-design-change
Another issue for Canadians like myself, LG doesn’t allow parts to be sold in Canada and requires you to call their 1-800 number to get a repair person to show up and diagnose your issue for over $200! They also forbid companies in the US to sell LG parts to Canadians. Luckily I was able to find a seller from California on eBay who had the correct door boot seal gasket for my LG.
You got me LG, I’m the sucker who fell for your candy apples.
Back in 1994 I was a 20 year old kid going to engineering school who never touched a computer. In one of my courses I had an old professor who was crazy about computers, he devoted several lectures about why everyone in the class should own a computer. He held up the Microsoft Office student edition software […]
Bartender Express Pro with several new features including liquor cabinet, custom recipe backup and restore, bar finder, skins and much more. Coming soon!
Back in 2006, I bought a new house and needed a new washer and dryer. Browsing through the flyers I saw a picture the latest LG 27 Inch TROMM model, candy apple color. I was ‘blown away’, growing up in the 70’s and 80’s meant washing my clothes in those ugly boring top load washing […]