Alright, technically it's not du jour, since it happened from last week through this Monday, but still... close enough. We're talking about the Blazer hubbub that I mentioned in an earlier post. Hubbub... where the hell did that word come from, anyway? If it's even a real word. I'm giving it the benefit of the doubt, since Bugs Bunny always used it, and we all know what a paragon of proper English Bugs was.
Where was I?
English... Bugs... hubbub... Blazer... ah, there we go.
So, the Blazer was in for repairs, right? And I had the awful Neon for, what was supposed to be, two days. Funny how fluid time becomes when one steps into the Mechanic Zone. Two days turned into three, which suddenly morphed into four, and eventually became FIVE DAYS. Yes, that's right. The Blazer, which had been in our possession for two whole days before it went into the shop, was in the aforementioned shop for FIVE DAYS. And let me tell you, when you're forced to drive a Neon for the duration of your new car's visit to maintenance hell, well, five days feels like... dog years.
So, while all this is going on, I'm dealing with something related to the Blazer, just not to it's inner workings. See, this is where it gets complicated, for two reasons. First, the situation itself is complicated, but then it gets complicated because I have to pick which part I want to go off about. I simply have neither the time nor the energy to go off on BOTH things that need addressing at this point. What to do, what to do...
Okay, for the minute let's go with Capital One. Capital One is my favorite credit card company, period. I have several cards with them, and they've always treated me well. They reward good behavior, as opposed to other credit cards (*coughs* Providian *coughs*) that I could name. Capital One also offers a handy dandy auto financing program.
The Blank Check.
See, even the name sounds like a little financing Utopia. Who doesn't like a blank check? So much money, so little time. I became a bit woozy just contemplating what I could do with a blank check. I had olfactory hallucinations involving the demon new car smell. I think I got turned on.
So, I applied for the Blank Check program. They said 'instant approval'. They asked if I wanted the Blank Check fedex'ed to me, overnight, for a $15 fee. Well, DUH! So, I found out, according to the site, that I was 'approved', and that my Blank Check, good at any dealership in the Blank Check preferred network, was on its way and would be in my hot little hands the next day. Woohoo!
Um. Wait. Hold that woohoo...
Apparently 'approved', much like time, is a fluid thing. See, when they said I was APPROVED, what they REALLY meant was 'You've just paid $15 for a Blank Check that you can't use until we do a review of your application, so you've just paid $15 for NOTHING, and the review process can take another FIVE DAYS, since we don't work on weekends. MWAHAHAHAHAHA!' Yes, that's exactly what they meant. Here I was, the next day, with a fucking check in my hand for *allegedly* any car purchase up to TWENTY EIGHT THOUSAND DOLLARS, but I couldn't use it. WTF? That's some rip off they've got going there. Bastards.
A few other details with the Blank Check program that they don't tell you up front, which came back to kick my ass last week. Let's see... first there's the 'You can write this check for up to 130% of the *insert car of choice* Kelly Blue Book value, to cover tags, title, etc.' GREAT! That's FABULOUS! I'm thrilled, ecstatic, having orgasms, happier tha...
Wait for it...
Okay, here's what I found out LATER. As in, a week after we bought the goddamned BLAZER later...
I started getting phone calls from Capital One two days after I bought the Blazer. There are all these forms that the dealership was supposed to be sending them, and they hadn't been faxed in yet. So, I get on the phone to the finance guy at the dealership, just to let him know that a)no matter how much he wishes otherwise, I have, in fact, NOT fallen off the face of the earth and STILL want the actual service I was promised, and b)Capital One did not give him a list of required documentation just for funzies, but rather thought that he'd REALLY fax them the paperwork on the Blazer as is mapped out in the Blank Check agreement forms that I gave them when I bought the damned thing. He said he'd get right on it. That's dealerspeak for 'when hell freezes over', apparently.
Fast forward to the day, almost a week later, when I'm going to pick up the Blazer. That morning I get yet ANOTHER call from Capital One. Still no documents, which now has led us to another problem. The check, once written, must be deposited and verified within one week of said writing. Well, the dealership had tried to deposit said check *gee, go figure*, but had not given the appropriate documentation to Capital One, so Capital One was NOT releasing the funds to the dealer. Makes sense and all, but rather FUCKS me in the process. I call the dealership, since the chicky at Capital One told me they'd extended the deadline for me, if I could just get the dealer to fax them the documents PRONTO. She said she'd tried to get them to do it earlier, but that she'd been told by some nameless underling that, imagine that, they'd 'misplaced' my file and couldn't find any of my paperwork. Oopsie. I call the dealership and, surprise surprise, can't get my finance guy on the phone. I get one of his minions. She happens to be the one who had spoken to Capital One girl earlier, and is pleased to tell me that she has now FOUND my missing file. Well, gee, thanks. I'm sure I should be grateful for this, but it strikes me that the fucking thing should never have been LOST TO BEGIN WITH! How hard a concept is this to master? She promises she's faxing the documents right away. All's well that ends well, right?
For fuck's sake.
I'm getting ready to go pick up the Blazer, which has just been cleared for take off. Phone rings. You'd think I'd know better than to answer it at this point, wouldn't you? But noooooooooo. Idiot. It's Capital One again. There's a teeeeeeeeeeeeensy little problem. Gee, REALLY? Gah. Turns out that we're $600 over our loan amount. Squeeze me? Baking powder? I inform the Capital One chicky that I can't POSSIBLY be over my $28,000 limit. She's like 'Oh, no, you're way under you're actual credit limit. The problem is that you went over the 130% ratio for that vehicle.' I did quick math in my head. Let's see... the blue book value on the Blazer was somewhere about $14,500... our loan amount was $15,800... does that seem like 130% to anyone on this PLANET? Ah, but here's where my head almost blew off...
She patiently explained to me, as if I were rainman or something, that the 130% of Kelly Blue Book value does NOT refer to the resale Blue Book Value... but rather to TRADE IN Blue Book value. WHAT?!?!? TRADE IN VALUE? That's the amount that people can expect to get when trading their vehicle IN to a dealership, not what people can expect to pay when BUYING at a dealership, fuckwit! She acts like I'm on crack for NOT thinking this is reasonable. 'So,' I ask her, straining to hold onto my sanity and not kick the cat through the sliding glass doors,'you're telling me that no matter WHAT I'd bought, I'd be going over the limit?' This, to me, is OBVIOUS, since the Blue Book value difference between resale and trade in is, roughly, 30%, give or take. Throw in taxes and title, etc., and you're guaranteed to go right the fuck over. She acts like I've lost my mind, informing me that whether or not you go over would depend on what you bought, etc., but really, NO, it wouldn't. Allowing for mark up, which is, reasonably, how dealerships make their money, you will almost certainly shoot right over that 130% mark when you buy a car, ANY car. Plus, I'm sorry, but what lunatic decided that they should base the loan FOR BUYING A CAR on TRADE IN VALUE? You're NOT trading a GODDAMNED THING, you're BUYING IT! HENCE THE NEED FOR THE FUCKING LOAN! Jesus, is there ANYONE who can't figure this out with out a degree in HIGHER MATH AND ECONOMICS?
I can't remember a time in recent memory that I've been so blown away by the mind numbingly BIZARRE policy of a financial institution. I mean, okay, if they want to make that rule, no matter how nuts it is, that's fine, it's their option... but to NOT TELL YOU THAT, when you're APPLYING FOR THE LOAN, is what really got my blood pressure shooting off the charts. They have to know goddamned good and well that your average person is going to see '130% of Kelly Blue Book Value' and assume it's the RESALE VALUE, since THAT'S WHAT YOU'LL BE PAYING! Who the FUCK would have thought they meant TRADE IN VALUE? FERENGI?
This is already one of the longest posts anywhere in cyberspace, so I'm going to cut it off now and try and find the inner harmony to finish it off tomorrow or Saturday.
No, I'm not kidding... there's still more. Do I LOOK like I would joke about this?
My kingdom for some valium...
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