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Entries in Money (5)

Tuesday
Dec132016

Matte Paint

Have you noticed the slow but perhaps inexorable proliferation of matte paint on certain model of vehicles? As well as munfacturers showing matte versions of their more exclusive models.

1949 Mercury Lead Sled in Flat Black

If you are considering a matte finish for that special unique look. A few points for your consideration.

  • Historically a flat (matte) finish was the indicator of an unfinished car.
  • Over 99% of folks still want a "shiny" vehicle.
  • Although a lead sled looks cool in flat black the look quickly dissipates on other vehicles.

You still want a matte paint and its your money.

  • Agreed...your money spend it as you wish.
  • There is a premium for a matte paint from the factory (if available).
  • Matte paint requires special care.
  • It will cost a "premium" when reselling the vehicle.
  • It will cost you money going in and getting out of a matte finish.

You still really, badly want a matte paint from the factory.

  • Simple...lease the vehicle.

Or you still want a matte paint, but want more options for yourself.

  • Get a matte wrap for the vehicle.

 

 

Monday
Oct172016

Do Your Thing

Have you noticed with the Internet empowering everybody, and social media providing a constant flow of sound bites. Everyone has an opinion, can provide advice, suggestions, and more sound bites to anyone that will read, listen, pay passing attention.

Obvious that the "autosphere" is rampant with all sorts of stuff, from all sorts of experts, generating all sorts of comments.

You often read / hear "I was considering this, after visiting forums, reading opinions, watching videos, I changed my mind and acquired that".

Or you see a comparison here, another there, and again you know the outcome, one scored half point less than the other, and so on.

When it comes to vehicles...

"There is nothing that money can't fix".

"You need gas to make horsepower" and in 2016 its usually premium.

"The metal must resonate with you" if it does not resonate you will not be satisfied.

"Its your money, you are free to spend it as you wish"

"We are all individuals, with our own preferences."

You go off and spend money on a vehicle, or embark on a multi month commitment of payments. Of course you will read about vehicles, your preferences, but do your thing.

Its you money and/or you commitment spend it in a fashion that provides satisfaction for you and your stakeholders...

Yes...do your thing.

A simple example...

The Colonel prefers a sedan, rear wheel drive, with a V8. It might be all wrong for someone else, completely off the wall for another, or just plain crazy.

Who needs a rear wheel drive sedan with a V8, when everyone is converging towards utilities, with turbos, and AWD?

You want to be informed, empowered, but...do your thing.

After you have done your thing...do not play Monday morning quarterback on yourself.

 

 

 

Tuesday
Feb232016

Look Around You

We are all individuals, we all have our personal preferences, and when it comes to vehicles in one form or another we also cater to our emotions, and budget.

 

Ultimately when you are spending your money, it needs to satisfy you.

Do keep in mind that there is also a vehicle market surrounding you. If you plan on owning a vehicle for the next 10 years, or the duration of the finance term, the market is of little consequence. If your plan is to be engaged in a 36 month cycle, and reap the advantages of a new or newer vehicle.

Look around you, and observe what is more popular in your immediate market.

We all know that everyone does their due diligence, with specifications, reading reviews, checking the monthly incentives, and so on. In 2016 its a mantra that everyone knows everything about vehicles once they perform a level of due diligence.

We urge you to be observant, and look around you. What is parked on your street, in your neighborhood, what you see on the streets in your area, in the parking lots of the shopping destinations in your area.

Its me, its my money, it has to resonate with me...absolutely.

Here is the deal...

Last summer we had an opportunity to spend a few days with a Ram with an Eco Diesel, great pick up, economical, it captured our attention, it was cool with a diesel engine. We are travelling in an area of Canada where Ram pick ups are very popular. Its a moment of where did all these Rams come from? The unifying symbol of all these Ram pick ups was the HEMI logo on all of them.

It became clear that in that particular market a Ram pick up without an Hemi is not as desirable as one with an Hemi, and Eco Diesels are not popular at all.

Obvious that when the time comes to trade in a vehicle, the popularity, demand of the vehicle in the specific market will have a bearing on its value.

 

 

Tuesday
Jan262016

Do You Have Equity or Cash or Both?

We constantly hear all sorts of comments from a myriad of experts, pundits, analysts on how to buy a vehicle.

As much as Canada is a country of natural resources, we have lately morphed into a nation of borrowers. Agreed...serious borrowers.

The comments always focus on the programs, incentives, are they stackable. It always looks as if somebody is almost giving away cars for free.

Even with a ton of financial services that are available you still need money/cash/equity to close an advantageous deal when acquiring any vehicle. You know the saying "Money talks and everything else walks".

Let's take a look...

Buyer:

Expects the dealer to be in a position to have money to pay for the trade in.

The dealer expects the buyer to have equity in the trade in.

Seller:

Expects the buyer to be in a financial position to close a deal.

The customer expects the dealer to provide financial services to close a deal.

We can conclude that it takes cash, equity, financial services in any combination to close any deal.

Imagine a dealer that would say "Come back in a few days, don't have any money today to buy your trade in".

Imagine a customer that would say "Oops did not expect to have that level of negative equity in the trade in".

Good Idea:

To know precisely what your equity or cash position is prior to initiating any transaction. The financial incentives offered by manufacturers do not replace equity or cash. As well the incentives predicate an equity or cash position.

When the equity or cash position is precarious, the deal migrates to "high finance" and suddenly its not such a good deal anymore, or simply not "doable".

Reflect on the following...

There were 1.9 M new vehicle sold in Canada in 2015 of which 57% were financed in round numbers 1 Million vehicles were financed with 70% / 700,000 financed for a term of 72 months or greater.

How much negative equity from the trade in was rolled over?

While the auto business functions best on a 36 month cycle.

 

 

Monday
Jan042016

Tip Of The Day

 

Its 2016 we have a new section in our publication..... "Tip Of The Day".

What is it?

A collection of tips, advice, strategies on timely "automotive" issues that will assist you in being more competitive, achieving better results, saving money, or getting more money.

Will it be daily?

Perhaps not daily, but often enough to uphold momentum.

Why are we doing this?

Its our 10th anniversary of publishing Strada, we want to offer advice, assistance, guidance, as a form of giving back.

Do we expect something in return?

Yes...join in the conversation, and tell your friends.

When does it start?

Tomorrow