Did you see the Suze Orman commerical?
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Did you see the Suze Orman commerical?
| Tue, 11-16-2004 - 5:18pm |
I was shocked last night when I saw Suze Orman shilling for Cadillac of all things. She was touting some 0 percent financing offer on a Cadillac commerical saying "it made good financial sense." Hello? Yes, 0 percent on a car loan is great but isn't she all about living within your means, not paying attention to status, paying cash, etc. A cadillac? I think it really blows a hole in her credibility. But that's just me. Jenny

Hmmm, I'll add my thoughts...I immediately thought that it smacks of the rich getting richer and the poor getting poorer. A Cadillac IS within some people's means (though I wouldn't ever buy one, even if I could afford one). And perhaps the target audience for that commercial WOULD pay cash for the car...I remember a news piece on tv where they were interviewing a luxury car dealer in a nearby city and I just about fell off the couch when the dealership people said that a lot of their customers paid cash/bank check for the entire price of their new car (often $35K and more-it was BMW)...
It's a different way of life--makes my head spin.
Rebecca
Hey, I agree with you, just in case you got the wrong idea from my post. Me personally, I'd finance a Toyota Echo (or similar), and only if I had a decent amount of "backup" payments in a savings account for emergencies.
I've never really seen Suze Ormon--just read the Oprah column that she does. I got the feeling that she is kind of elitist, just from some of the questions that I have read the answers to. That's just the impression that I got. (ps, I do like reading her column in Oprah mag)
r.
I thought what she was selling was the 0% now and then buy another for 0% also. It is most of the GM products that are being sold right now. What Suze doesn't tell you is that in order to get the second vehicle at 0% it must be purchased within the life of the orginal loan and the most you can get the first one at is 60 months. So basically what GM and Suze are selling is 10 years worth of 0% loans, a great deal if you trade every few years, a lousy deal if you are trying to get out of or stay out of debt.
BTW, my last car loan was at 6.25% on a car I intend on keeping for 7 to 10 years, depending on what happens to the size of my family. I was determined to get exactly what I wanted and haven't gone through the I want to trade cause I'm not satisfied thing. Maybe that is who Suze is selling to. I am just surprised she is selling anything at all. To me that shoots a hole in her crediabiltity. But then again, Dave Ramesey is the spokesperson for stuff all the time, they just happen to be advertisers on his show.
Kellie
Hey,
I saw that commercial, and I was really disappointed. I have always recommended Suze Orman because she seemed to care about people. In fact, her motto is "People first, then money, then things."
This new commercial promotes a status symbol car and credit. What a sell-out. I really expected better from her.
Melanie
I saw that but didn't think it was Cadillac (I was thinking Chevy but now that I see GM mentioned that sounds more right - tells you how much I paid attention to the car part I was so shocked!)
I happen to see her and was in such shock that I think my jaw dropped...I saw a glimpse of her and then when I realized it was a commercial for buying a new car at 0% and "that makes financial sense" and then you can trade it in and get 0% on your next car...
Honestly, my first thought was "Wow, she is that bad off that she is making commercials now?"
Becky
CL of 4th, 5th & 6th grade Scoliosis
Wow - that is disappointing!
Previous poster pointed out that Dave Ramsey endorses products (advertisers) on his show, but you, know, I just can't believe he would endorse car financing (!!!!). That's definitely against the DR plan (hey, I have to admit it - I'm a Dave Ramsey girl).
I thought Suze had more integrity than that. Oh, well.
I have read alot of Suze Orman books, and she doesn't advocate living like a pauper - just living comfortably within your means. Many people who are well off can afford cadillacs. From a wealthier person's point of view this offer could make sense. Think about it this way: 0% means you are paying no interest. For those who are financially well off, this allows them to pay the car off over time, while their own money remains in their investment account earning interest. $40k paid up front (or whatever the cost), or $40k paid over 5 years - who benefits? Not the car dealer in this case. This kind of deal is only bad for those of us who could not afford this vehicle from the start; otherwise a financially savvy person is outsmarting the system, so to speak.
Of course this does violate every financial advisor's sound advice about never buying a brand new car.... In my opinion, that never makes sense when you consider how much they depreciate once you drive them off the lot :)
I like Suze's books. I don't know how I feel about her doing endorsements. I do think that we sometimes put people on pedestals and then get upset when the turn out to be human. I am interested to see if she turns into a tool of the advertising industry, or if this is a one shot thing.
Sandra