7/2017
Disclaimer: This is NOT a political comment but an example of poor financial planning and a lesson learned in life.
OK now. In the late 1970s and early 1980s, I owned a 1972 Cheby Nova (spelling intentionally incorrect) with a V-8 engine. My wife would run along beside it with a gas can to make sure we didn’t run out of gas between home and the store 2 blocks away. Well maybe not really, but you get the idea.
A young (to the US) upstart Japanese car company (Subaru), Jimmy (then President), and a lot of the national media strongly urged everyone to ditch their gas guzzlers for a new, more fuel-efficient vehicle. Kinda sounds familiar, doesn’t it? “You will save money,” they said.
Young and stupid was I, I traded in the perfectly functional but less than efficient Nova.
The new Subaru did indeed get better fuel mileage. When it ran. Unfortunately, it was one of the first vehicles (at least for Subaru) to have computer control of the engine. It didn’t work too well. In addition, the little 4 cylinder engine didn’t have enough oomph to make the hills of Kansas without downshifting, if there was more than one adult in the vehicle. The car was in the shop almost every week for months. Subaru finally threw in the towel and said, “We don’t know what is wrong and you are on your own. Sue us if you want.” This was before the current impotent Lemon Laws,
I ended up trading the Subaru, on which I still owed a significant amount of the original financed note, for a new Jeep Wagoneer. Loved that Wagoneer, but wish, even now, that I had the Nova and all the money wasted in finance charges, maintenance, lost equity and rental expenses for substitute vehicles. If I had, instead of following this woe-some path, invested in say Walmart, lookout Donald. I’d of been firing people on TV instead of him.
Me thinks what I am saying is consider carefully, the devil you know versus the devil you don’t know.
Your grumpy Uncle/Brother Dave, who didn’t fall for it the second time around.
Weary.