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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (35871)	7/13/2005 10:18:02 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

Hyundai came to US market with terrible cars in the 1980s--they were basically kimchee-flavored Yugos. i should know--my dad bought one and it was a total lemon. even worse than American cars (even American cars back then). that was for a small Hyundai sedan costing 8 grand new (quite a bit cheaper than your $10,750 with 60K miles, so yes there is inflation). total piece of crap. because of terrible quality, the market said even 8 grand for a new sedan is way too much, so they had to pack up and go home. i gather the Korean cars are better today (hopefully much better in your case) but they are still very down market and have to build share by taking on worse credit risks than the majors do for financing. (i like to think they are all working off the karmic debt of Hyundai's terrible cars in the 1980s. the Japanese couldn't have paid the Koreans to create a worse image of themselves.) i guess you could say the car business is just a front for the financing businesses of all but the higher quality makes. i still don't see any reason to own anything but a Toyota, unless you want to waste money on a status car.