03-06-2014, 04:13 PM
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#1
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Registered User
Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
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How do you pay for big repairs?
So last year I spent about $6K on repairs. Although I will admit to having a Jet Blue credit card, as a matter of principle I make every effort to avoid the credit card industry -- I'm convinced that no matter the perks, you will never enter into a worse agreement once you've read the fine print. All for the privilege of letting them make money on your purchases. I previously had an Amex for over 15 years but got tired of paying $350 every year when nearly everything they offer I can get somewhere else without paying a dime. My mechanic will actually take a check but maybe I'm not that old school... I once paid a $5K invoice in cash but that seemed like an unecessary risk, although I do carry a utility knife.
So how do you pay the big ones? bitcoins?
p.s.
on second thought.. investment account agreements that require you to give up your rights to bring action in civil courts (in favor of heavily pro-defendant arbitrations), in the event that they screw you over royally, are actually worse than the credit card agreements so I take that back.
__________________
GT3 Recaro Seats - Boxster Red
GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11
Fabspeed Headers & Noise Maker
BORN: March 2000 - FINLAND
IMS#1 REPLACED: April 2010 - NEW JERSEY -- LNE DUAL ROW
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03-06-2014, 04:45 PM
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#2
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Certified Boxster Addict
Join Date: Nov 2010
Location: Los Angeles
Posts: 7,669
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Liberian gold. I got an email from a deposed General from their Army who was holding it for their Treasury dept. I was able to "buy in" to this deal by sending $20,000 for 500 grams. They said that gold was selling for $1,400 per gram so I paid way under market price. Best deal I ever made!
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1999 996 C2 - sold - bought back - sold for more
1997 Spec Boxster BSR #254
1979 911 SC
POC Licensed DE/TT Instructor
Last edited by thstone; 03-06-2014 at 08:07 PM.
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03-06-2014, 04:52 PM
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#3
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Registered User
Join Date: Aug 2009
Posts: 1,466
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Last year when I got the motor done at LN I borrowed a 2.9% against the car It had been paid off with no debt, as of January it is again.
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2003 Black 986. modified for Advanced level HPDE and open track days.
* 3.6L LN block, 06 heads, Carrillo H rods, IDP with 987 intake, Oil mods, LN IMS. * Spec II Clutch, 3.2L S Spec P-P FW. * D2 shocks, GT3 arms & and links, Spacers front and rear * Weight reduced, No carpet, AC deleted, Remote PS pump, PS pump deleted. Recaro Pole position seats, Brey crouse ext. 5 point harness, NHP sport exhaust
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03-06-2014, 04:55 PM
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#4
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Registered User
Join Date: Nov 2013
Location: Colorado
Posts: 442
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Capital One, At least I can fly the family to a vacation destination every two or three years from the earned points. It works for us. We pay it off every month.
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03-06-2014, 05:50 PM
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#5
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I am my own mechanic....
Join Date: Feb 2013
Location: Salt Lake City, UT
Posts: 3,433
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Here's $7000 cash. Two weeks ago.
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'04 Boxster S 50 Jahre 550 Spyder Anniversary Special Edition, 851 of 1953, 6-sp, IMS/RMS, GT Metallic silver, cocoa brown leather SOLD to member Broken Linkage.
'08 VW Touareg T-3 wife's car
'13 F150 Super Crew long bed 4x4 w/ Ego Boost
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03-06-2014, 11:38 PM
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#6
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Registered User
Join Date: Oct 2007
Location: Midwest
Posts: 1,746
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Depending upon the work done, Beaver Pelts or Conch Shells............
Seriously, I always offer to pay cash if it results in a significant reduction of invoice or I personally know the guys (in which case I'm already getting a discount), otherwise it goes on the "Royal Caribbean" rewards Visa to keep the Mrs. happy with future holidays.
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03-07-2014, 04:22 AM
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#7
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Registered User
Join Date: Nov 2009
Location: Madison, Georgia
Posts: 1,012
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My car is paid for so When the IMS and clutch needed to be done I just parked it until the money was available. It took three months to get around to but I am a happy camper again.
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2001 Boxster S 3.6L, Zeintop
"Calling upon my years of experience, I froze at the controls." - Stirling Moss
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03-07-2014, 04:55 AM
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#8
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Registered User
Join Date: May 2008
Location: Toronto
Posts: 2,656
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With money of course...
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03-07-2014, 05:10 AM
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#9
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Registered User
Join Date: Feb 2013
Location: Cranston RI
Posts: 902
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So far I am my own mechanic. I am really cheap like that.
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99 Porsche Boxster
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03-07-2014, 05:47 AM
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#10
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Registered User
Join Date: Dec 2009
Location: Texas
Posts: 244
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I try to work on my cars as much as possble from mechanical, electrical, to body work.
What did you repair last year that cost you $6K?
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03-07-2014, 05:49 AM
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#11
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Registered User
Join Date: Feb 2005
Location: It's a kind of magic.....
Posts: 6,277
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By far, most of our customers pay with plastic.
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“Anything really new is invented only in one’s youth. Later, one becomes more experienced, more famous – and more stupid.” - Albert Einstein
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03-07-2014, 07:03 AM
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#12
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Registered User
Join Date: Jan 2014
Location: Oklahoma
Posts: 83
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Quote:
Originally Posted by Timco
Here's $7000 cash. Two weeks ago.
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This pic makes me laugh for so many reasons.
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03-07-2014, 07:14 AM
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#13
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Registered User
Join Date: Nov 2009
Location: Winnipeg MB
Posts: 2,486
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The boxster, I've done pretty much all my own work so far. Our other vehicles, I have an arrangement with my mechanic whereby I hand him an envelope of cash and I pay a substantially reduced price. Shhhhh...
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'99 black 986
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03-07-2014, 08:28 AM
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#14
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I am my own mechanic....
Join Date: Feb 2013
Location: Salt Lake City, UT
Posts: 3,433
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Quote:
Originally Posted by OKCShooter
This pic makes me laugh for so many reasons.
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That went towards car parts and a new roof.
I grew up poor. Dad was a Union iron worker, our family car was a 65 beetle then a 78 Pinto wagon. Some lean times.
That was the second most cash I have ever held, and I felt a pic was indeed necessary. I have come a long, long way to be able to withdraw that.
Posted it because cash talks. I always carry cash and it often lowers the cost significantly.
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'04 Boxster S 50 Jahre 550 Spyder Anniversary Special Edition, 851 of 1953, 6-sp, IMS/RMS, GT Metallic silver, cocoa brown leather SOLD to member Broken Linkage.
'08 VW Touareg T-3 wife's car
'13 F150 Super Crew long bed 4x4 w/ Ego Boost
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03-07-2014, 08:50 AM
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#15
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DIY extremist
Join Date: Jul 2011
Location: Brooklyn
Posts: 348
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Buy all my parts online, do the wrenching myself with an experienced general mechanic who provides the lift and a tool room. I pay him by the day.
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"Betty" -- 2000 Boxster S, Triple Black, loaded except PSM (sold to a good home)
"Veronica" -- 2008 Boxster S, Arctic Silver on Blue
"Maleficent" -- 2007 Cayman S, Red and Black, TPC Turbo 3.6L 460 RWHP, H&R RSS Coilover / TPC stage 2 suspension
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03-07-2014, 12:02 PM
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#16
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Registered User
Join Date: Nov 2009
Location: Madison, Georgia
Posts: 1,012
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People who ask for a large discount for cash seldom last long at my shop. I always say no. The cost of the transaction is built in and withdrawing large wads of cash does not impress me. You either have it or you don't.
__________________
2001 Boxster S 3.6L, Zeintop
"Calling upon my years of experience, I froze at the controls." - Stirling Moss
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03-07-2014, 01:09 PM
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#17
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Certified Boxster Addict
Join Date: Nov 2010
Location: Los Angeles
Posts: 7,669
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Actually credit is king. Credit is how wealth is leveraged. It makes perfect sense to have someone else float your purchases for 30 days at no cost while your money earns interest. Its all about playing the spread and if its good enough for banks, its good enough for me.
That $7,000 was really worth $7,018 (at about 3% for a month). Making almost $20 on a purchase for doing nothing? It can't get any ea$ier.
__________________
1999 996 C2 - sold - bought back - sold for more
1997 Spec Boxster BSR #254
1979 911 SC
POC Licensed DE/TT Instructor
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03-07-2014, 01:16 PM
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#18
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Registered User
Join Date: Oct 2007
Location: Midwest
Posts: 1,746
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Quote:
Originally Posted by landrovered
People who ask for a large discount for cash seldom last long at my shop. I always say no. The cost of the transaction is built in and withdrawing large wads of cash does not impress me. You either have it or you don't.
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I guess the term "large discount" is relative, as often than not I don't have to ask since shop owners outlay the difference up front, usually 15 to 20% discount for cash. Luckily for me it has usually been for paintwork since I do most mechanical work myself, I can fortunately count on one hand the number of times I've done the cash thing. IMO if you can save money and the shop owner can do the same with a green payment it's a win-win.
BTW....pulling out a wad of cash would generate a major eye roll on my end also, it would evoke images of Little Enos from Smokey and the Bandit.
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03-07-2014, 02:39 PM
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#19
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Registered User
Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
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Quote:
Originally Posted by thstone
Actually credit is king. Credit is how wealth is leveraged. It makes perfect sense to have someone else float your purchases for 30 days at no cost while your money earns interest. Its all about playing the spread and if its good enough for banks, its good enough for me.
That $7,000 was really worth $7,018 (at about 3% for a month). Making almost $20 on a purchase for doing nothing? It can't get any ea$ier.
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I'd rather help a small business with their cash flow than give those credit card rentier *#~^'s more of what they don't need and someone else does. I'm also moving my cash accounts to smaller non-TBTF banks and avoiding purchases from non-regional retailers in place of companies who keep the revenue/earinings local. If I want to make some money off the Bailed-out bank/credit card co. of the month, I'll buy the sector ETF.
OTOH...Help the local economy and jobs, increase competition. win win.
__________________
GT3 Recaro Seats - Boxster Red
GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11
Fabspeed Headers & Noise Maker
BORN: March 2000 - FINLAND
IMS#1 REPLACED: April 2010 - NEW JERSEY -- LNE DUAL ROW
Last edited by Perfectlap; 03-07-2014 at 02:41 PM.
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03-07-2014, 02:41 PM
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#20
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Registered User
Join Date: Mar 2014
Location: Los Angeles
Posts: 3
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credit cards and tears
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