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13 June 2011 @ 09:01 pm
The Oakland Plan  
Data:
* I want to buy a Chevy Volt
 - Actually, I never thought I'd own another american(-brand) car.
 - But I like it
 - I like it better than the Leaf
  - for reasons I've muttered about at length
   -(you can't walk to the gas station and bring back a battery)
* They are not available in WA
 - Yet. They've finally started saying August.
* Local (to WA, anyway) dealers are buying them from dealers in CA.
 - For a $4k mark-up over MSRP.
 - So their sticker starts $10k over MSRP, and there's no haggling them below that $4k markup, no matter how many Customer Service Avengers™ I throw at them.
* I could fly to the bay area /this weekend/ for $400, and it drops to $300 and $200 at one and two weeks out.
* Driving back would be between 800 and 900 miles, depending on route
 - which is three tanks of gas.
 - At $4.50/gal, the gas would cost $135.
* There's a $7,500 tax credit, which starts shrinking after they build a certain number of units.
 - And I can't find a reference to where they're at with that number

So. I could fly myself and a spare driver to the bay area, buy the car, and drive back for $1000. Or I could probably fly just myself down and do the same thing, staying somewhere cheap for one or two nights.

Checking my math here, I see that $1000 is less than $4000. Hence, The Oakland Plan.

1) Check with BECU, to see if I /can get/ a loan for an adequate amount at acceptable terms.
2) Go back to the volt "find local inventory" search and see if there are any dealerships with the specific options I want on-hand. If so, call them. If not, pick a few and call them. Find out what the sticker price is. If nobody has the options I want, find out what would be involved in ordering one, when it would be available, etc. Maybe put [info]loree on the phone as needed.
3) Go back to BECU. Get loan.
4) Fly to california
5) Buy car
6) Drive home, probably via 5-hours-longer coastal route.

There is an alternate plan (we'll call this The Boring Plan:
1) Wait until August, saving what I would be paying on the loan to add to a slightly larger down payment.

And, of course, there is the failure state:
1) Discover that nobody will give me enough money at acceptable terms to buy a car.


We'll ignore the last one for now, since there's nothing to be done about it.


Benefits of The Boring Plan:
* Slightly smaller loan
* Don't need to take a day off

Benefits of The Oakland Plan:
* Road trip
* Slightly-more-immediate gratification
* Road trip!
* Unlikely to miss out on the tax credit
* ROAD TRIP!
* I've yet to drive the coast highway, except in WA, where it's mostly dense trees with beach on the other side.

Downsides to The Boring Plan:
* Boring
* No road trip
* I hate waiting
* No road trip!

Downsides to The Oakland Plan:
* Complicated
* Have to deal with getting the loan /beforehand/
 - without a car or a vin or anything in hand.
* "Seriously, are you insane?"


So, I'm still leaning towards The Oakland Plan. I need to move on to step 1 soon.
 
 
( 26 commentations — Encommentate )
Martin Tithonium[info]tithonium on June 14th, 2011 04:15 am (UTC)
I just checked again. I could fly this weekend for $239 each.

And, worth mentioning, those are paranoid what-if-things-go-wrong round-trip tickets. One-way is cheaper.
Martin Tithonium[info]tithonium on June 14th, 2011 04:27 am (UTC)
ooh, one-way, Virgin America to SFO, $120 each. I like Virgin. Alaskan will do OAK for the same price, but they're not Virgin. I suppose I should ponder how to get to the car dealer.. rental car seems silly.
TW Bruhn[info]apestyle on June 14th, 2011 04:29 am (UTC)
taxi cab?
Martin Tithonium[info]tithonium on June 14th, 2011 04:46 am (UTC)
Most likely.
Laurentina's skeleton[info]stolen_tea on June 14th, 2011 04:19 am (UTC)
Road trip!
TW Bruhn: Front Clasp Tricks[info]apestyle on June 14th, 2011 04:28 am (UTC)
I, for one, like the Oakland Plan. You know that John Vechey has a Volt, right? ;)
Martin Tithonium[info]tithonium on June 14th, 2011 04:47 am (UTC)
I did not. Ask him if I can take if for a quick spin here in town? My test drive was down in Sumner, which doesn't give me a good feel for what it'll be like in Seattle. Or, hell, if he'll just try driving it into my garage, that's good enough.
TW Bruhn: Slanty[info]apestyle on June 14th, 2011 03:37 pm (UTC)
Sure. I'll get right on that. Since he and I are like two peas in a pod and all.
KamiilYaan[info]kamiilyaan on June 14th, 2011 04:03 pm (UTC)
THAT'S why you went to Sumner...
Martin Tithonium[info]tithonium on June 14th, 2011 06:40 pm (UTC)
Sunset Chevrolet usually has a Volt on hand, and nobody else had one that weekend.
KamiilYaan[info]kamiilyaan on June 14th, 2011 08:18 pm (UTC)
If you head back to Sumner for another drive, ask the salesweasel to direct you to Sumner Heights Drive (which is a stones' throw from Sunset Chev). An alternative is Hwy 410 up into Bonney Lake and then some of the side streets off the main drag-- 182nd Ave E, I think, it's been awhile since I've been up there.
Martin Tithonium[info]tithonium on June 14th, 2011 08:37 pm (UTC)
We took a highway up a small mountain, which was a good chance to try the 'sport' and 'mountain' transmission modes. But it's not the same as a seattle city hill. How does it do pulling out of a stop halfway up gatewood hill?
cuddlyeconomist[info]cuddlyeconomist on June 14th, 2011 04:30 am (UTC)
Two weeks out is our wedding. Just saying. Other than that the Oakland Plan has sound economic merit, depending on your discount rate, which I am guessing is pretty darn high.
Martin Tithonium[info]tithonium on June 14th, 2011 04:49 am (UTC)
You'll need to clarify which meaning of the phrase you're using here before I can respond properly. ::)
cuddlyeconomist[info]cuddlyeconomist on June 14th, 2011 05:35 am (UTC)
Given that you are not a central bank borrowing money from the Fed, I mean your hyperbolic discount rate, which gives an estimate of how much you value consumption now versus consupmtion later. It's not perfect, not being linear, but would still probably result in a generally usable number.
Martin Tithonium[info]tithonium on June 14th, 2011 05:42 am (UTC)
Oh, right. In that case, best to always assume a value slightly greater than 5. ;;)

(on a 0-1 scale, that is)

Edited at 2011-06-14 05:46 am (UTC)
Jaymoe[info]cooncat on June 14th, 2011 04:34 am (UTC)
Even-more-boring Plan D idea?
I don't know about BECU, but other credit unions use a service called Auto Solutions to locate vehicles and help with buying them. I know you don't need that, but a coworker bought a car through them and it was located in Oregon, and they dealt with the out-of-state purchase hassle.
Martin Tithonium[info]tithonium on June 14th, 2011 04:51 am (UTC)
Re: Even-more-boring Plan D idea?
Yeah, BECU uses cudlautosmart.com. but I wasn't able to find what I was looking for with it. Might try again later. Thanks for the info.
Tammy[info]javagoth on June 14th, 2011 06:30 am (UTC)
Re: Even-more-boring Plan D idea?
Have you factored in the cost of changing the CA plates/registration to WA - or would that apply?
Martin Tithonium[info]tithonium on June 14th, 2011 03:34 pm (UTC)
Re: Even-more-boring Plan D idea?
If CA charges me sales tax, and I can show WA that they did (I expect the receipt would be enough), WA will just charge me the usual fees for tabs. If CA does not, then WA will want the value of WA sales tax on the price I paid for the car. SO, either way, I'm factoring in a 10% tax on top of the cost of the car. Assuming I can't get one without the leather interior, the base price is $43k, plus whatever we can't negotiate off the sticker. So, I'm looking at at least $47.5k.
Ingredient Not Found In Butter[info]dianthus on June 14th, 2011 04:37 am (UTC)
Doooo eeeet!!!!!
Stax: Cheerleader[info]staxxy on June 14th, 2011 04:45 am (UTC)
ROAD TRIP!!!
The Amazing BLAND GIRL!!![info]julzerator on June 14th, 2011 05:09 am (UTC)
I love roadtrips!! have fun!
yam: purpleworld[info]hsifyppah on June 14th, 2011 05:15 am (UTC)
Roooooooad triiiiiip. The coast highway is beautiful and Oregon is the best bit. There's a town with LA DE DA banners!
Caitlín Ní Briain[info]kaligrrrl on June 14th, 2011 05:40 am (UTC)
Route 1 in California (the coastal road) is the most beautiful highway in the US.
GrendelFish[info]gfish on June 14th, 2011 03:52 pm (UTC)
Road! Trip!
( 26 commentations — Encommentate )