…following travis

I knew this was going to happen, but I didn’t want to face the wrath of “A BAD CREDIT SCORE.”  Damn you Credit! First off, it doesn’t take three hours at a car dealership when you already know what you want…just run the damn thing and let me know if I can get it or not.  “Let me explain this…” and “You need to know that…” and “Right now you should plan…” said the dealership guy. STFU!!! (he was nice though).

Basically, I was going to stay with Mazda and get the 2009 Mazda6 which was MSRP at $32,000.00 fully loaded.  My credit was only approved for a $12,000.00-$15,000.00 loan.  Mazda6 out of the picture.  Other option then was to check out other cars…I’m too lazy.  Final option was to purchase the car I was currently leasing.  2004 Mazda RX-8 is what I drive and still drive now sadly/happily.  I was also taken off of my mother’s name so the car would be in my name.  Because my credit sucked so bad, my interest on the car now is 19.9%.  I know right? Whatever, it’s a good thing to feel what reality is like and it’s a learning experience.  I will probably re-finance later once I get established with a loan company, but for now my payments are more because of this interest rate.

So, I learned that when your credit sucks, your choices suck.  When the economy sucks, your choices suck even more.  As Mazda, or any other car dealership, would say to me:

Of all the financial challenges the next administration may face, perhaps the most dangerous — and least appreciated — is deflation. The stunning decline in the price of oil gets the business headlines — and has a good-news feel as it helps cash-strapped American consumers the most — but the cost of an entire range of commodities has also plunged in the last quarter: copper, gold, nickel, steel have all fallen as global demand weakens. One popular gauge of commodity prices, the Reuters CRB Index, tumbled 22.3% in October, the biggest drop in the index’s 48-year history.

Now, with the economy in the United States “contracting significantly” in the fourth quarter, as San Francisco Fed president Janet Yellen recently put it, an issue that was practically unthinkable three months ago is now, for the Fed, front and center: the possibility of the U.S. entering a phase of deflation, or protracted declines in the general price level. In its statement accompanying the most recent interest rate cut, the Fed said, “in light of the declines in the prices of energy and other commodities and weaker prospects for economic activity, [the fed] expects inflation to moderate.” (more…)