small rant

[Tom W]

On the t.v. ads lately the local KIA dealer is hawking his deal. Something about to come see them even if "your upside-down". It makes me want to call and ask if my what is upside-down?

I wish people would proofread their ads....,...

 

[SamV]

Yes, I suppose it would be more clear to explain what meant. Not everyone would understand that it means that your existing car loan balance is higher than the car's value. The dealer is saying that if that is the case, they will still be happy to take your money, and give you an even higher debt.

 

[Dan in MI]

What they are trying to say is we will hide your debt into the value of new car and you wont even know it.

 

[pisgah]

On the t.v. ads lately the local KIA dealer is hawking his deal. Something about to come see them even if "your upside-down". It makes me want to call and ask if my what is upside-down?

I wish people would proofread their ads....,...

Unfortunately, proofreading is useless if the reader doesn't know the difference between your and you're, between they're, their and there, etc.

 

[Dave P.]

As rants go, that one was pretty weak even for this forum!
Dave

 

[Jeepnik]

Gee, if "you're" upside down on a home loan some government organization will give you $100,000. So I imagine there's another one that will pay off you car loan if that get's upside down.

Seriously, I worked my entire life. I bought and paid for my house. When is the government going to do something for folks that make sound financial decisions and act responsibly?

This could really turn into a rant thread!

 

[Skidboot]

I still don't think the point was fully begotten. It's about grammar and its rules, not finance. (get it, "it's and its") :D

 

[Jeepnik]

I still don't think the point was fully begotten. It's about grammar and its rules, not finance. (get it, "it's and its") :D

Blame spell check for that one. But, here's one that I was told years ago. Language is about communication. As long as your idea is communicated to others, it's (checked it this time) doing its (yep, this one's right too, or was that to, or two, I get confused)job.

I was hijacking the thread to try and make it a more interesting rant. it seems to have worked. Just not like I planned.

 

[Doc Holliday]

When is the government going to do something for folks that make sound financial decisions and act responsibly?

NEVER....but if someone is a total screwup in life and makes all the wrong decisions, they qualify for all sorts of free gov't assistance. Society is upside down.

 

[pete44ru]

.

Being "upside down on your loan" means that, at the present time, the outstanding loan debt you have remaining to pay has a higher value than whatever you took the loan out to buy. (vehicle, building, etc, etc)

.

 

[Kevin]

Is the rant about grammar or the idea of being "upside down" ? I think it's about your car's value worth less than what you owe on it. It's pretty low for a car dealer to seek out those weak customers who want a new car, regardless of the financing deal to which they agree. If someone owes more for a car than what it's worth, the smart thing to do is just pay it off by sticking to the original loan agreement, and NOT, roll their existing loan into a new car loan. Or heaven forbid, roll their car payment over into their house payment.

I'd say it's a pretty good rant....to be upset at the car dealer for trying to put people into financial ruin.

 

[Tom W]

It's about the grammar.... The concept of "upside down" is understandable.

 

[Jeepnik]

Is the rant about grammar or the idea of being "upside down" ? I think it's about your car's value worth less than what you owe on it. It's pretty low for a car dealer to seek out those weak customers who want a new car, regardless of the financing deal to which they agree. If someone owes more for a car than what it's worth, the smart thing to do is just pay it off by sticking to the original loan agreement, and NOT, roll their existing loan into a new car loan. Or heaven forbid, roll their car payment over into their house payment.

I'd say it's a pretty good rant....to be upset at the car dealer for trying to put people into financial ruin.

Car dealers, real estate folks, and any other person that sells a product or service are not responsible for people who make poor financial decisions. So, it can't be "low" of a dealer to seek out "weak" customers. Everyone who sells a product or service "seeks out weak" (read folks who will buy their product or service) customers. Unless it's an out and out con, and even then if people are that stupid they deserve it, the seller is never responsible for a buyer getting in over their head.

When the real estate market crashed people were blaming banks, brokers and just about anyone else they could for making bad decisions. To the best of my knowledge no one held a gun to anyone's head, or held their child hostage, to get them to buy a house they couldn't afford.

 

[bogus bill]

Means you owe more on your heap than it`s worth. Means you could sell the vehicle to a dealer or someone and there still isn't enough there to pay off the loan. Means they will still come after you for more money while your walking. Means you didn't listen to your dad. Means you bought something you couldn't afford. Means ya got took.

 

[K1500]

I don't think most of the posters on this thread are getting the point of the rant.

 

[Kevin]

You are correct. I’m lost.

If it is grammar. The OP states “your” upside down. Is that the way the advertisement was written? Shouldn’t it be “you’re,” as in you are? Did the OP just make a typo? (Not being hard on the OP, I know I’ve had many typos here.)

Or, is it about the phrase “upside-down” not being grammatically correct.

Or, is it about financial wisdom...or lack thereof?

 

[Colonialgirl]

Gee, if "you're" upside down on a home loan some government organization will give you $100,000.

:shock: :shock: Gosh !! Where do I apply for THAT ?? :roll: :roll: :roll:

 

[Tom W]

You are correct. I’m lost.

If it is grammar. The OP states “your” upside down. Is that the way the advertisement was written? Shouldn’t it be “you’re,” as in you are?

Kevin sees.....That's how it's written and advertised.

 

[Jeepnik]

Gee, if "you're" upside down on a home loan some government organization will give you $100,000.

:shock: :shock: Gosh !! Where do I apply for THAT ?? :roll: :roll: :roll:

If you live in California.
http://keepyourhomecalifornia.org/documentation-paves-way-100000-free-mortgage-assistance/

 

[Rick Courtright]

Kevin sees.....That's how it's written and advertised.

Hi,

Should we be glad the ad's not written in Koreanenglish like the owners manual may very well be? Or should that be "owner", "owner's", or "owners'" manual? I've seen all four variants in print... ;)

Rick C

 

[mistermills357]

I am detecting irony in some replies; and maybe sarcasm too, and I don't see that everywhere. It is like reading about Socratic logic, but seeing it in action. Keep up the fine work.

 

[blackhawknj]

The phrase I have usually seen is "underwater"-usually applied to mortgages.

 

[Colonialgirl]

$100,000 in Calif?? :shock: :shock: :shock: Well that might cover your down payment these days !! :roll: :roll: :roll:

:lol: :lol: :lol: :lol: :lol: :lol:
:wink: :wink: :mrgreen:

 

[Rick Courtright]

The phrase I have usually seen is "underwater"-usually applied to mortgages.

Hi,

I see "underwater' used primarily for mortgages, too, while "upside down" seems to be the preference for car loans. Same idea, different terms, and I have't a clue where either came from... or why they're different. Maybe cuz houses are more likely to be flooded and vehicles more easily tipped over, both events being bad for the owners?

Rick C

 

[mohavesam]

I don't think most of the posters on this thread are getting the point of the rant.

wow that is a first! :wink:

 

[Jeepnik]

I don't think most of the posters on this thread are getting the point of the rant.

Oh, we do. But like most threads they take on a life of their own and become much more interesting. Thread drift makes life fun. Stodgy folks that try to inhibit it are usually crushed under the feet of those drifting along and enjoying life.