In Part 1 of this series, I revealed that my wife and I decided to get a new car and decided to engage in a competitive bidding process with several local dealers. In Part 2 of this series, I described how the bidding process worked out in practice. In this final Part, I'll tell you about something that blew my mind about the purchasing process, as well as some last-minute pressure from dealers and some bottom line thoughts!
Monday, February 28, 2011
Tuesday, February 22, 2011
In Part 1 of this series, I revealed that my wife and I decided to get a new car and that I had sent a request for a quote to nine local dealers using Yahoo Auto - and asked a salesman who worked with us for a quote. I told everyone that it would be a competitve bidding proceed - and it was! Here's how it turned out!
Sunday, February 20, 2011
A few years ago, after 10+ years in practice, I finally bought my first new car. Previously, I had only driven used cars in order to save money, but this new car was primarily for my wife and she was more concerned with a potential breakdown then I typically am. She was especially interested in a Honda that was known for reliability. I agreed to buy the new car, but I wanted to get the best deal that I could in the shortest amount of time - remember! every hour spent on the car purchase is an hour less billing/another hour longer you will have to work. Also, I didn't feel too badly about buying this model new because this model of Honda typically holds its value well - as I checked on Kelley Blue Book. I'll relate my experience below as one way a busy lawyer can try to get a good price with a minimal investment of time.
Tuesday, February 15, 2011
First let me say that I still think that the supply of new law grads is far too great for the number of available jobs. There was already somewhat of an issue with that in 2007, but the economic crisis of 2008 really brought it to a head. Law firms cut hiring by 80-90% while the number of students attending law school shot up about 30-40% - the classic recipe for disaster of fewer jobs and more people looking for them. Stop-gap provisions that firms implemented such as "deferrals" only pushed the problem down the road. I'll make no bones about it - for current law students the situation is pretty grim.