Go Back  Offshoreonly.com > General Discussion > Trucks, Trailers and Transportation
Interesting post on the new 6.7 PSD >

Interesting post on the new 6.7 PSD

Notices

Interesting post on the new 6.7 PSD

Thread Tools
 
Old 09-12-2011 | 03:03 PM
  #81  
Registered
 
Joined: May 2007
Posts: 470
Likes: 0
From: Boca Raton, FL
Default

Originally Posted by Audiofn
Ford Motor Credit Company is a wholly owned subsidiary of Ford Motor Company. You are spliting hairs.
You know what I meant lol. It was a "loan" just like thousands of other creditors received to keep capital available since nobody was moving paper on the secondary and capital markets. So many received the same thing inc companies with excellent profitability and capital... the credit loans for various industries were needed while the markets corrected since credit was stalled.

You would have had people not able to purchase or lease a car, furniture, construction equipment, business credit lines etc etc.

Completely different then the bailouts for GM/Chrysler with tarp funds.
Quicksilver is offline  
Reply
Old 09-13-2011 | 06:49 AM
  #82  
Registered
 
Joined: Jun 2011
Posts: 2,347
Likes: 4
From: Thousand Islands area
Default

Originally Posted by Quicksilver
You know what I meant lol. It was a "loan" just like thousands of other creditors received to keep capital available since nobody was moving paper on the secondary and capital markets. So many received the same thing inc companies with excellent profitability and capital... the credit loans for various industries were needed while the markets corrected since credit was stalled.

You would have had people not able to purchase or lease a car, furniture, construction equipment, business credit lines etc etc.

Completely different then the bailouts for GM/Chrysler with tarp funds.
Don't know how its different when GM has paid the money back a significant amount of the money and plans on giving it all back. GM didn't even spend it all and has returned some unused money as well. Either way it doesn't make a brand not good because they took money.

So what you going to use this is as smack talk. " My chevy is better than your ford." " Well at least ford didnt take bail out money." Really?
soldier4402 is offline  
Reply
Old 09-13-2011 | 07:25 AM
  #83  
Blue Oval
 
Joined: Apr 2007
Posts: 568
Likes: 0
From: Boyne City, Mi
Default

Sold a new F250 Lariat to a friend with 6.7. Pulled his Active Thunder to New York and got 13mpg all the way. Just sold his 7.3 he had for years. Texted me all the wat out and back telling me how much he licked the truck. So far the ones I have sold have been great.
mainstreet is offline  
Reply
Old 09-13-2011 | 12:01 PM
  #84  
Registered
 
Joined: May 2007
Posts: 470
Likes: 0
From: Boca Raton, FL
Default

Originally Posted by soldier4402
Don't know how its different when GM has paid the money back a significant amount of the money and plans on giving it all back. GM didn't even spend it all and has returned some unused money as well. Either way it doesn't make a brand not good because they took money.

So what you going to use this is as smack talk. " My chevy is better than your ford." " Well at least ford didnt take bail out money." Really?
Uhh next time respond when you know what your talking about... obviously you don't. GM didn't pay the money back with their own funds/profits/cash whatever.... they tapped their other tarp escrow account to repay that was set aside for emergency. Why do you think when they went on that "we repaid out debt early" campaign they ended it pretty quickly and stopped "promoting" that and got tons of slack when it was found out what they did. Here's a quick snippit on it: http://www.foxnews.com/politics/2010...bailout-money/

Here's an easier way to explain what they did, it'd be like you using 1 credit card to pay off another credit card and saying you paid your debt off. Did you? Nope, your still on the hook.

If you can't see the difference between the TARP bailout funds for companies that were going under like GM and Chrysler, vs credit loans made to facilities like Ford Credit then wow... I actually owned (sold now) a company dealing in the capital markets and consulting. The loans for credit facilities were made b/c no paper was moving on the secondary and capital markets. Basically Ford Credit and others couldn't sell any of the servicing rights to free up funds to allow more leases and purchase loans etc, b/c nobody was buying paper for a time on the secondary (this is how the credit markets work and how credit facilities make money). Like I said imagine nobody being able to purchase or lease a car. These loans had nothing to do with bailing out companies that were basically bankrupt, it was to allow people to continue buying and leasing cars and other stuff (equipment etc) while the capital markets worked themselves out. Same loans were made for furniture companies, restaurant equipment companies, construction, business lines etc... companies that were not in trouble and still extremely profitable and growing even in this economy.

Ford Credit has always received loans... it's how they and basically any credit facility make money, their not a bank, they sell their paper so they can make new loans/leases to people. Which by the way the same loans were made for foreign companies like Toyota and BMW etc, for the same exact reason, their credit facilities couldn't sell the paper on the market. Going by your thought of mind, b/c somebody has a mortgage loan on their home that means their home has been bailed out too... doesn't make sense, does it

Last edited by Quicksilver; 09-13-2011 at 03:54 PM.
Quicksilver is offline  
Reply
Old 09-13-2011 | 07:10 PM
  #85  
Registered
 
Joined: Aug 2006
Posts: 1,348
Likes: 1
Default

Originally Posted by BobbyB
I have a 11 F450 with 9000 miles and havent had a problem yet. And about 5000 miles was towing.
I've meant to tell you... um.... it was raining and someone was driving slow and took a little too long to get to the next bar......so I left a little tinkle in the back seat and blamed on the rain. Sorry! It should clean up fairly well, that liquid wasn't in my body too long.

Nice truck, it even fit through the Wendy's drive-thru at 3AM with only rubbing one mirror. Riding home in my 6.0 was worse than being stuck in traffic next to a fart can Honda Civic. The following Monday I solved that problem but didn't go diesel again since my house doesn't have wheels any more.

marylandmark is offline  
Reply
Old 09-14-2011 | 08:13 AM
  #86  
Registered
 
Joined: Jun 2011
Posts: 2,347
Likes: 4
From: Thousand Islands area
Default

Originally Posted by Quicksilver
Uhh next time respond when you know what your talking about... obviously you don't. GM didn't pay the money back with their own funds/profits/cash whatever.... they tapped their other tarp escrow account to repay that was set aside for emergency. Why do you think when they went on that "we repaid out debt early" campaign they ended it pretty quickly and stopped "promoting" that and got tons of slack when it was found out what they did. Here's a quick snippit on it: http://www.foxnews.com/politics/2010...bailout-money/

Here's an easier way to explain what they did, it'd be like you using 1 credit card to pay off another credit card and saying you paid your debt off. Did you? Nope, your still on the hook.

If you can't see the difference between the TARP bailout funds for companies that were going under like GM and Chrysler, vs credit loans made to facilities like Ford Credit then wow... I actually owned (sold now) a company dealing in the capital markets and consulting. The loans for credit facilities were made b/c no paper was moving on the secondary and capital markets. Basically Ford Credit and others couldn't sell any of the servicing rights to free up funds to allow more leases and purchase loans etc, b/c nobody was buying paper for a time on the secondary (this is how the credit markets work and how credit facilities make money). Like I said imagine nobody being able to purchase or lease a car. These loans had nothing to do with bailing out companies that were basically bankrupt, it was to allow people to continue buying and leasing cars and other stuff (equipment etc) while the capital markets worked themselves out. Same loans were made for furniture companies, restaurant equipment companies, construction, business lines etc... companies that were not in trouble and still extremely profitable and growing even in this economy.

Ford Credit has always received loans... it's how they and basically any credit facility make money, their not a bank, they sell their paper so they can make new loans/leases to people. Which by the way the same loans were made for foreign companies like Toyota and BMW etc, for the same exact reason, their credit facilities couldn't sell the paper on the market. Going by your thought of mind, b/c somebody has a mortgage loan on their home that means their home has been bailed out too... doesn't make sense, does it
Ok fox news pretty reliable there. I see what you are saying. But they still gave money back. Regardless if it were Tarps funds or not. They borrowed X used Y and returned a portion that we will cal Z. Doesn't matter whether they gave profit back or money that was saved either way it was given back.

Like I said am I going to show up and say my ford wasnt built with government motors or Ford didnt take money, no that would be retarted.
soldier4402 is offline  
Reply
Old 09-14-2011 | 09:51 AM
  #87  
Registered
 
Joined: May 2007
Posts: 470
Likes: 0
From: Boca Raton, FL
Default

Originally Posted by soldier4402
Ok fox news pretty reliable there. I see what you are saying. But they still gave money back. Regardless if it were Tarps funds or not. They borrowed X used Y and returned a portion that we will cal Z. Doesn't matter whether they gave profit back or money that was saved either way it was given back.

Like I said am I going to show up and say my ford wasnt built with government motors or Ford didnt take money, no that would be retarted.
Except they didn't.. here's another take... let's use loans. It's be like them paying the money back, by getting another loan... except in this case both are through the Gov. I.E. GM still owes $$$, and tax payers are on the hook. Like say (just random numbers) they received 5b, and another 5b was set aside untouched as an emergency escrow fund to be tapped into if needed... they didn't have the money themselves so make it seem like they paid the debt, they tapped the escrow account and sent 5b back.... they still owe the same amount, all they did was transfer the funds around. Except in their campaign they made it out to be that they paid the debt early... which last all of about a couple weeks before they stopped when it was found out what they did. Not sure what idiot marketing genius in their department came up with that idea lol.

And don't take it the wrong way, having a biz in that line of work I tried to simplify it as it's actually way more f'n complicated as to how securities and paper move on the capital markets. So hope you didn't take offense.... usually I don't bother explaining to people even in real like as their lik huh?!?! after lol. My gf after 2 years still doesn't know or really understand what I did and she's a psychologist haha

Ford also made it public that they were increasing their credit line through the loan, so they didn't try to hide anything, which was actually smart and why other automakers inc foreign ones did the same, I mean we increased BMW and Toyotas lines as well with loans and none of those companies were close to going under. But still very different then being bailed out, as credit facilities always work on loans/lines as that's how they make money selling the paper to continue writing new paper. Same loans were also made to completely different industries, like equipment manufacturers etc. Even a company right by my office, one of the largest facilitators around, received a loan so they could continue writing large lines and factoring etc for businesses (they do 1-10+ million credit facilities especially for wholesalers). These loans are now just paid to the gov as they "bought" the paper now, capital markets worked themselves out for the most part so now loans still being made except by investors/3rd parties on the secondary vs the Gov.

Last edited by Quicksilver; 09-14-2011 at 10:04 AM.
Quicksilver is offline  
Reply
Old 09-14-2011 | 12:12 PM
  #88  
Registered
 
Joined: Jun 2011
Posts: 2,347
Likes: 4
From: Thousand Islands area
Default

Originally Posted by Quicksilver
Except they didn't.. here's another take... let's use loans. It's be like them paying the money back, by getting another loan... except in this case both are through the Gov. I.E. GM still owes $$$, and tax payers are on the hook. Like say (just random numbers) they received 5b, and another 5b was set aside untouched as an emergency escrow fund to be tapped into if needed... they didn't have the money themselves so make it seem like they paid the debt, they tapped the escrow account and sent 5b back.... they still owe the same amount, all they did was transfer the funds around. Except in their campaign they made it out to be that they paid the debt early... which last all of about a couple weeks before they stopped when it was found out what they did. Not sure what idiot marketing genius in their department came up with that idea lol.

And don't take it the wrong way, having a biz in that line of work I tried to simplify it as it's actually way more f'n complicated as to how securities and paper move on the capital markets. So hope you didn't take offense.... usually I don't bother explaining to people even in real like as their lik huh?!?! after lol. My gf after 2 years still doesn't know or really understand what I did and she's a psychologist haha

Ford also made it public that they were increasing their credit line through the loan, so they didn't try to hide anything, which was actually smart and why other automakers inc foreign ones did the same, I mean we increased BMW and Toyotas lines as well with loans and none of those companies were close to going under. But still very different then being bailed out, as credit facilities always work on loans/lines as that's how they make money selling the paper to continue writing new paper. Same loans were also made to completely different industries, like equipment manufacturers etc. Even a company right by my office, one of the largest facilitators around, received a loan so they could continue writing large lines and factoring etc for businesses (they do 1-10+ million credit facilities especially for wholesalers). These loans are now just paid to the gov as they "bought" the paper now, capital markets worked themselves out for the most part so now loans still being made except by investors/3rd parties on the secondary vs the Gov.
You have some points but I think your getting in the weeds a little and over analyzing it. At least GM is giving money back and plans on giving it all back. Plus GM sold stock which I beleive the govt took the money. Dodge has not paid a penny
soldier4402 is offline  
Reply
Old 09-14-2011 | 02:40 PM
  #89  
Registered
 
Joined: May 2007
Posts: 470
Likes: 0
From: Boca Raton, FL
Default

Originally Posted by soldier4402
You have some points but I think your getting in the weeds a little and over analyzing it. At least GM is giving money back and plans on giving it all back. Plus GM sold stock which I beleive the govt took the money. Dodge has not paid a penny
It'll be a long time, and doubt GM will ever see it's pre BK prices again. But again, they didn't give any money back, they pulled a smoke and mirrors game and moved money from one account... to another. You owe 500k on your home equity loan and decide to pay some off early, so you pull 100k from your credit card and send it in... you paid down 100k on that Heloc, but now your on the hook for 100k on your CC.... see what I'm saying

The Chrysler situtation is even more complicated, I could go on and on about that. Talk about a cluster f' with our idiot gov... if you want a quick synopsis of that retarded situation read this http://washingtonexaminer.com/blogs/...ilout-pay-back ...it's a biased article but gives you an easy to digest version of their Bailout situation. Funny thing is it's almost like deja-vu all over again, bringing the Fiats etc over may save them, just like the K-car did for the group in the 80's... lol

Even with that mess though, I'm still waiting to see what they/Fiat do with the new viper and would order one to get back into that raw, brutal beast.

Last edited by Quicksilver; 09-14-2011 at 02:46 PM.
Quicksilver is offline  
Reply
Old 09-15-2011 | 07:12 AM
  #90  
Audiofn's Avatar
Charter Member #232
20 Year Member
Charter Member
Super Moderators
 
Joined: Oct 2000
Posts: 18,417
Likes: 6
From: Carlisle, MA USA
Default

I still think it sucks that thees trucks don't last more then 4 years or so before they start to rust up bad..... For what they are chanrging now you would think they could use a little better mettal. Nope they just don't care that much anymore.
__________________
Put your best foot forward!
Audiofn is offline  
Reply


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.