Posts By: Steven Lang

By on December 8, 2012

My pants still fit me from college.

Well, they are sweatpants after all.

They were given to me by a friend of mine who is known as a “Datsunaholic”. He keeps a few old cars. A few of those models have been written up by Paul Niedermeyer who now keeps a lot of houses along with his new web site. He invariably finds ‘keeper folk’ from all walks of life. But most of the people he finds are not car enthusiasts at all.

Why do they keep these cars then?  Are they perhaps hoarders? Do they suffer the afflictions of the wantless?

Or is this just another write-up inspired by Kevin Bacon?

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By on December 7, 2012

Your personal information is valuable.

When I liquidated vehicles for Capital One, we typically examined over 14,000 variables before lending out our money to a customer.

Any customer. A credit card. An automobile. A commercial loan. It didn’t matter. We needed to get to know the economics of you first.

All of the low rates and big profits were dependent on buying your personal information, and then crafting decision models and metrics to determine your personal risk.

Our success in auto finance generated low rates for our customers and low delinquencies for our investors. But they both could have been far lower.

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By on December 4, 2012

In the olden days known as the late 20th century, an ancient artifact called a “newspaper” would be dropped by your front door.

Inside this mostly unrecycled piece of pulp was an automotive “Classified” section. In better times, this magical list of thousands of vehicles would have offered car buyers an incurably acute case of acronymitis. “1994 Camry, ps, pw, a/c, auto, abs, 1 ownr! $5500 Ph#…”.  A short three line list of minimalist communicado would have cost the seller about $50.00 and given them a secondary presence in a newspaper section that made millions for major publishers.

There was only one saving grace if you wanted to find cars for sale that offered big print, big pictures and big discounts. The new car advertising section… and there were two reasons for that.

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By on December 3, 2012

A 2012 VW Jetta TDI Wagon.

It comes with the usual six speed stick that you would find among thousands of other Jetta wagons all over the world.

It has the ‘arrest me red’ color that always comes across as neon pink whenever you photograph it in the sun.

But there are at least two mysterious facets of this urea indulgent uber-wagon. A rare and unusual frame damage announcement in the run list, and only 815 original miles.

(Read More…)

By on November 30, 2012

Public schools have the unique misfortune of being the target for every harebrained idea related to learning.

Why? Because everyone is an expert! We all have great ideas! In quiet surrender, many public schools are left with ideas that result in excessive paper pushing and basic rote memorization.

Don’t get me wrong folks. Higher order thinking skills are also valued in most public schools (outside Texas). So long as they are also far, far away from the neighboring political bonfires.

So with that in mind, why not offer one more good idea from us gearheads?

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By on November 28, 2012

The late Gore Vidal was fond of saying, “Gratitude can be a complicated thing.”

He was right. Whether you are a hater, or simply a chronic critic, the act of complimenting those who follow the beat of a different drummer is usually not within the tip of the human tongue.

We want things our way… and sometimes we’re just plain wrong.

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By on November 27, 2012

A 2000 Ford Mustang GT is not exactly a car that I would like to call a second home.

It’s a tad claustrophobic. The plastics are borderline industrial grade. And the Ford 4.6 Liter Modular V8 is not especially known for offering the level of fuel efficency needed to make this car a long-term money saver.

Thankfully, this vehicle was quickly disqualified thanks to a Carfax that showed it only had 123k miles back in 2010.

300k a year? Two years in a row? I think not!

(Read More…)

By on November 22, 2012

Motor Oil! Must Buy Motor Oil!

 

Forgive me for offering the two millionth article about Black Friday shopping. But this personal screed will not be about, “Buy! Buy! Buy!”

It will be all about, “Don’t! Nein! Nyet!”.

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By on November 21, 2012

At some point between now and Christmas, you will have a chance to see an old movie.

If you have toddlers, it will likely be Grinch related. Adolescents and tweens will get A Christmas Story. Teenagers? You probably don’t want to know.

But as for those of us who are single, or older, or just pain sentimental, this holiday movie classic will likely feature two towns that symbolize American community.

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By on November 20, 2012

Not too long ago (but in a galaxy far, far away) I wrote about the deals you can get on unpopular new cars that have brand new replacements waiting in the wings.

Today we’ll examine what happens when those vehicles fall off the depreciation cliff. Again.

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By on November 19, 2012

The bidding kept going down and down at the inop auction. A sale where all cars are usually either dead or dying.

“$200! would-a-give-me $200! $100! $100! How about-a-hundred!”

Pretty soon the bidding went all the way down to $50. For a whole car! No takers. No sale. Until…

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By on November 14, 2012

 

All 12 North American employees have been officially notified that their jobs are saved.

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By on November 12, 2012

Are you talkin’ to me???

 

There was the Cadillac of minivans. A different kind of company selling a different kind of car. A Swede with no compromises, and a Frenchman that went from strength to strength.

Daihatsus that were perhaps, a bit too modest, by skinny dipping their unknown name in a slogan-less lake. And then we had that crazy distant Yugoslavian cousin who bragged about a ‘road back to sanity’ while his neighbors blew up his plant.

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By on November 11, 2012

 

Saturn? Civic? Neon? A diesel owned by this long-time TTAC commeter?

For the longest time I’ve been trying to figure out what penny pinching prodigy earns the most keep. I’ve spent years pondering this question.

Well, more like a few dull moments at the auctions.

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By on November 9, 2012

 

During the next several weeks you are going to be exposed to a lot of pointless hysteria about used cars prices in the Northeast.

Journalists will point out the extremes and the outliers to a media audience that is always easily attracted to the extremes and outliers of our society.

But it won’t be the truth. The real bump in traffic related to Hurricane Sandy won’t be with used cars at all.

It will be with new cars.

(Read More…)

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