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I’m so happy you know what people pay for a vehicle payment because GM employees get a discount. Boy i love it that you think you know everything.
I worked at the Ford Truck Plant in Norfolk Va. built F150's. Closed now. The first week I was in orientation. There was a guy in the class, the 2nd or 3rd day he went out and bought a new mustang. Huge discounts. To the point you got it for what the dealer just down the street paid it for. Unfortunately, several months before I bought a new Toyota 4x4 pickup.
I’m so happy you know what people pay for a vehicle payment because GM employees get a discount. Boy i love it that you think you know everything.
Yeah, actually, a 72-month on $65k would be $990.
So at the $50k employee price, the laid-off loyalist needs only to figure out where to come up with $760 a month. Whew. I bet they thought they were all in trouble...
So at the $50k employee price, the laid-off loyalist needs only to figure out where to come up with $760 a month. Whew. I bet they thought they were all in trouble...
And you know how much a person puts down on a vehicle and what they pay a month right I’m glad you have all the answers. I forgot not everyone is as smart as you and what business is it of yours anyway you’re not paying it are you.
And you know how much a person puts down on a vehicle and what they pay a month right I’m glad you have all the answers. I forgot not everyone is as smart as you and what business is it of yours anyway you’re not paying it are you.
Yes, of course, because I didn't work on a Detroit line for 30 years I can't possibly do math... either.
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Quote:
Originally Posted by Quietude
Yes, of course, because I didn't work on a Detroit line for 30 years I can't possibly do math... either.
Amen. I'm guessing it is hitting pretty close to home for some folks. Every day I worked at GM and Ford I saw plenty of folks that lived paycheck to paycheck but had a new high end truck or SUV, a nice boat, a camper or trailer, etc. I always felt they were crazy given every day was uncertain. I bought none of that because I knew at some point its was all going to crash down.
It's still a sad situation, regardless of which jobs are lost. Most of the "white-collar" folks are also pawns, just trying to support their families.
And I wonder if ceding cars to the foreigners will haunt the domestics, particularly if the economy declines. I've always owned at least one American mid-size and this may force me to consider one of the Asian/Euro companies.
Quote:
Originally Posted by Quietude
Yes, of course, because I didn't work on a Detroit line for 30 years I can't possibly do math... either.
Interest rates, down payments, trade-ins, and taxes are all variable.
But, for the broader point, 50k is still absurd for a vehicle. I often see folks who make significantly less than GMers paying for such vehicles. I suppose they've traded-in their fiscal security and retirement.
So as long as the blue-collar jobs are saved, 11,000 cut from the office side are just collateral damage?
That 11k is on the light side, don't forget close to 90% of the contract workers have been laid off. Those weren't talked about in the media. And somehow the media has added the 4500 from plant closings into the original 14,000 that GM stated were being offered severances. They are completely separate.
14,000 were offered voluntary severance packages. Not all took them so, the next month will be involuntary severances.
90% reduction of the contract staff...I'm guessing close to 5,000 globally.
Then the plant closings.
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