Seriously? What the hell?
Hmmm. While we're on this off topic...
I buy a house. Purchase price is $300K. I expect it to appreciate over the next 30 years. I get a mortgage (including taxes) for $2500/month. Over thirty years my total payments are $900K. For simplicity, assume no maintenance costs. In 30 years I sell the property for $800K. This is more than the $750K that I expected it to be worth in 30 years.
Was this an investment, or an expenditure?
I buy a house. Purchase price is $300K. I expect it to appreciate over the next 30 years. I get a mortgage (including taxes) for $2500/month. Over thirty years my total payments are $900K. For simplicity, assume no maintenance costs. In 30 years I sell the property for $800K. This is more than the $750K that I expected it to be worth in 30 years.
Was this an investment, or an expenditure?
Yes.
You know, I was reading this thing about the California engine numbers and I have one question.
Let's say I live and California, and am looking to buy a used car. There is a guy down the street who just moved into the state, his car passed smog, and now he is looking to sell it. I buy it and go about my business.
I get pulled over and for whatever reason I get one of these engine inspections. What happens if the VIN and engine number don't match? I realized there is the sales reciept and other issue going on, but there does come a point where something this stupid has to be changed?? Not every state has this kind of law, and unless you specifically now about it, you could be breaking it without knowing it. And before I get the "ignorance is no excuse" rant, does ANYONE know EVERY law that is in the California VC, or any states VC for that matter?
...just asking...
Let's say I live and California, and am looking to buy a used car. There is a guy down the street who just moved into the state, his car passed smog, and now he is looking to sell it. I buy it and go about my business.
I get pulled over and for whatever reason I get one of these engine inspections. What happens if the VIN and engine number don't match? I realized there is the sales reciept and other issue going on, but there does come a point where something this stupid has to be changed?? Not every state has this kind of law, and unless you specifically now about it, you could be breaking it without knowing it. And before I get the "ignorance is no excuse" rant, does ANYONE know EVERY law that is in the California VC, or any states VC for that matter?
...just asking...
and not everythign in this world is black and white...as far as i see it, there's nothing wrong with an investment (car) that you can choose to drive for your pleasure, it might not be very beneficial to you in the long run, but as far as i see it, as soon as you start modding your car and adding power and looks, you're bringing up the value of your car...
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There is also none so dangerous as people that don't belive in absolutes. Until their own beliefs are threatened.
The value of a modded car. What do you think happens to the value of a 1929 Duesenberg with a transplanted 409 Chev motor? The modded Mini is different of course, but in most cases, an original car will retain it's value much better.
Doesn't sound like it protected anyone. If it was me, and they towed my car, I wouldn't feel protected...I'd feel scr*wed!!
I had a truck when I was out in there in the PRK, and it had the non-factory motor in it when I purchased it, and then I changed the motor about 6 months later. Nobody EVER told me about informing the DMV or any other such thing. If I hadn't seen the chapter and verse quoted here, I STILL wouldn't know (but I really wouldn't care now). Point being, a law such as this is NOT often common knowledge....and that buyer beware don't cut it.
More to the point, a mismatched serial number may indicate the possibility of a stolen part, it is not conclusive evidence of it. Selective enforcement of the law is an abuse of power.
And finally after re-reading post #152 again, the law states that the VIN and the engine number have to be on the ownership paperwork. I just looked at my registration on all 6 of my vehicles, and not ONE has the engine serial number listed on it. So, I think that law has more holes in it than the proverbial Swiss cheese.
And finally after re-reading post #152 again, the law states that the VIN and the engine number have to be on the ownership paperwork. I just looked at my registration on all 6 of my vehicles, and not ONE has the engine serial number listed on it. So, I think that law has more holes in it than the proverbial Swiss cheese.
Good afternoon Mr. LynnEl. You are right in regard to the possibility of a stolen part. That's why these laws exist. Selective enforcement is not an abuse of power. The police are empowered to enforce the law. They did just that in the case of the 150 cars causing havoc. They selected the 150 who were the trouble makers.
Doesn't sound like it protected anyone. If it was me, and they towed my car, I wouldn't feel protected...I'd feel scr*wed!!
I had a truck when I was out in there in the PRK, and it had the non-factory motor in it when I purchased it, and then I changed the motor about 6 months later. Nobody EVER told me about informing the DMV or any other such thing. If I hadn't seen the chapter and verse quoted here, I STILL wouldn't know (but I really wouldn't care now). Point being, a law such as this is NOT often common knowledge....and that buyer beware don't cut it.
I had a truck when I was out in there in the PRK, and it had the non-factory motor in it when I purchased it, and then I changed the motor about 6 months later. Nobody EVER told me about informing the DMV or any other such thing. If I hadn't seen the chapter and verse quoted here, I STILL wouldn't know (but I really wouldn't care now). Point being, a law such as this is NOT often common knowledge....and that buyer beware don't cut it.
Contrary to your comment, selective enforcement IS an abuse of power as a legal fact. It was on just such principle that many municipalities were forced to stop "random" checkpoints until they developed procedures to ensure there was no selective enforcement. I've been called a "trouble-maker" simply for being somewhere with long hair. Yet, a beer-guzzling yokel harassing people in the parking lot was just a local fella relaxing. So, because someone once had an engine swapped, they are a trouble-maker? I sure hope you aren't a cop.
Contrary to your comment, selective enforcement IS an abuse of power as a legal fact. It was on just such principle that many municipalities were forced to stop "random" checkpoints until they developed procedures to ensure there was no selective enforcement. I've been called a "trouble-maker" simply for being somewhere with long hair. Yet, a beer-guzzling yokel harassing people in the parking lot was just a local fella relaxing. So, because someone once had an engine swapped, they are a trouble-maker? I sure hope you aren't a cop.



