Inflation in action

My husband hates change. He’s an extreme LBYMer and uses things until long past they time they are worn out. He grumbles when I replace them with nice, new things. Not because of the cost, which we can easily afford and which I usually pay for out of my own pocket. But just because he dislikes change.

I guess it’s a good thing he doesn’t mind damaged older goods since we’re still together after 35 years despite my various surgeries. :wink:

DH spends most of every day in his large recliner. He sleeps most of the time in the recliner. The recliner is over 20 years old. A bolt broke in the undercarriage so the back is slanted. I replaced the bolt but it broke again.

Last year, I shopped in the local furniture store for a “tall guy” recliner. They had a couple of models. Recliners are like shoes – the person who uses it has to feel comfortable in it. But DH refused to shop.

This week, DH and I went for a drive together. Then I said, “Since we’re out, why don’t we stop at the furniture store so you can pick out a recliner?”

He sat in several recliners and liked one. But he hated the color (moss green) so we needed a special order. The salesman told us that the manufacturer (Best Furniture) was backordered 8 months. We went home and I phoned several other furniture stores but none of them had the specific model in stock.

I went to the furniture store yesterday to order the recliner. It was a rainy Monday afternoon. The aged owner (probably in his late 70s) and the secretary were the only people in the store. When I said I wanted to order the chair, the owner followed me with his walker to the chair and pulled off the price tag.

The price tag said $789 but he told me the price was now $799 since his supplier had raised prices. I didn’t argue with him since he’s an old guy trying to make a living in a small town during a pandemic. But I did make sure that the price I was paying wouldn’t rise if the chair cost more when it is finally delivered, who knows when. I put a down-payment and took the receipt.

If my husband wasn’t so particular about his chair I would have gone somewhere else and bought a chair from inventory. The sale would have been lost.

The owner agreed that inflation would probably persist. It will make it even harder for him since most jobs in this small town are low-wage.

Sure signs of inflation are changing prices and changing amounts of product if the price is stable.

Wendy

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Sure signs of inflation are changing prices and changing amounts of product if the price is stable.

The auto makers don’t seem concerned about increasing prices. They have systematically dropped their lower priced models, and raised prices on what they are still making. That trend was in place before the current inflation narrative, and before the plague.

As Car Prices Get Higher, Auto Loans Get Longer, And Longer — And Longer

According to Experian Automotive, which recently reported detailed auto finance results for the fourth quarter of 2021, auto loan terms of 73 to 84 months accounted for 33.1% of new-vehicle loans, up from 30.1% a year earlier. That’s a big change, in only one year. Two years ago, it was 29.7%.

The average new vehicle loan amount increased 12% year-over-year, to $39,721 in Q4 2022, from $35,421 in Q4 2020, Experian said.

In Q4 2021, the average monthly payment for new vehicles reached $644, up 11%, while the average used vehicle monthly payment was $488, up 17%.

https://www.forbes.com/sites/jimhenry/2022/02/28/as-balances…

Seems as long as the consumer can be conned into ever longer financing contracts, the “JCs” give not one whit about complaints about “affordability”.

Steve…noticed, years ago, that a “half gallon” of ice cream shrank to 1.75 quarts, then 1.5 quarts

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Seems as long as the consumer can be conned into ever longer financing contracts, the “JCs” give not one whit about complaints about “affordability”.

I’ve often meant to ask you why car dealers want you to take on car loans even when you bring along a bank cheque to cover the whole price that we had already negotiated?

When I bought the Micra the three guys on the dealer side surrounded me and and kept stressing that it would only be for a few months and they much preferred … got rather rude when I assured them I was leaving if they didn’t wish to make the sale. Clearly there must have been some sort of kickback but I refused to play.

When I bought cars from dealers in Europe they expected you to pay the full price and what you arranged with your bank was entirely up to you and them.

I had a bad experience the first time I bought a car on credit. The Bank in Calgary put my payment in someone else’s account and I was away for five months in Winterpeg. Several phone calls corrected the problem at the time but some two years later when I needed a mortgage the loan manager in Nova Scotia mentioned that I had late payments on my credit record … I went totally ballistic but of course it was too late to correct it. My daughter once told me they were probably all dead when I mentioned her choice of career … I said I hoped so! }};-D

Tim

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I’ve often meant to ask you why car dealers want you to take on car loans even when you bring along a bank cheque to cover the whole price that we had already negotiated?

Same thing here. I’m sure the dealers get a kickback of some sort. They wouldn’t push it so hard if they didn’t. It’s like the weather guy on the local news around here: pushing the daylights out of their “weather app”. Every report, “get our app, get our app, get our app, just point your phone at the QR code on the screen and automatically get our app”. I’m sure their “app” is either adware or spyware that they make money on. They must make a buck off the “storm pins” app too. They will be quiet about it for a while, then, seems they get another check to push it.

When I bought cars from dealers in Europe they expected you to pay the full price and what you arranged with your bank was entirely up to you and them.

That’s what you get dealing with a bunch of socialistical Commies, that don’t realize that conflict of interest is just as much a core element of good business practices as profiteering and cheating your employees. :^)

Steve

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When I bought the Micra the three guys on the dealer side surrounded me and and kept stressing that it would only be for a few months and they much preferred … got rather rude when I assured them I was leaving if they didn’t wish to make the sale. Clearly there must have been some sort of kickback but I refused to play.

Tim

WOW. Went thru similar experience a year ago. Wanting to buy. High demand model, hard to get. Had to jump thru lots of hoops just for that, but that’s a whole other story.

Buying day: At the dealer, want to write a check for the whole enchilada, they want credit information. Why? Can’t you trust that the check will clear??? Mixed in with their credit crap all their queries for all sorts of add-ons and bulloney.

I was microseconds from walking out, but we really wanted the car. Cooled my jets, cooled their jets, gave’em a check. Didn’t bounce. Got the car.

Everyone’s happy, except for the guy assigned to sell us all the add-on crap.

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As Paul Newman used to say about his very long lasting marriage and the Hollywood flops others were having, “I have steak at home, why would I go out for hamburger”?